Consolidated adjusted profit declined 13.5% to R$101.0 million (US$19.8 million), while profit attributable to the parent rose 8.4%. The utility posted a consolidated R$40 million (US$7.8 million) loss after a R$490 million (US$96.0 million) profit a year earlier. That figure excludes the portion belonging to minority investors and should not be confused with consolidated adjusted profit. Free cash flow turned positive at R$74 million (US$14.5 million), from a R$99.9 million (US$19.6 million) outflow a year earlier. Energisa’s Operating Growth Fails to Reach the Bottom LineEnergisa posted a consolidated net loss of R$40 million (US$7.8 million), reversing a R$490 million (US$96.0 million) profit in Q2 2025.