By Brazil Stock Guide – Cemig, which trades as CMIG3 and CMIG4 on Brazil’s B3 and as CIG and CIG.C on the New York Stock Exchange, posted net income of R$978.9 million in the first quarter of 2026, according to Broadcast. The company’s investor relations site lists its shares under B3: CMIG3, CMIG4 and NYSE: CIG, CIG.C.
Ebitda, or earnings before interest, taxes, depreciation and amortization, totaled R$1.788 billion from January through March, down 2.11% from the same period a year earlier. Net revenue rose 6.28% to R$10.462 billion in the quarter, showing top-line expansion even as profitability weakened.
The company’s net financial result was negative by R$338.4 million, worsening 35.6% from a negative R$249.6 million in the first quarter of 2025.
Costs and expenses reached R$9.128 billion in the period, up 8.36% year over year, adding pressure to margins.
The figures show Cemig’s revenue base continued to expand in early 2026, while operating costs and financial expenses weighed on net income.