Axia Energia Profit Nearly Doubles
Brazil's biggest power group, once called Eletrobras, nearly doubled adjusted profit in nine months to about US$1.29 billion; third-quarter profit slipped. The post Axia Energia Profit Nearly Doubles appeared first on The Rio Times .
Brazil's largest electricity company, Axia Energia, nearly doubled its adjusted profit over the first nine months of 2026. Adjusted net profit increased 98.3% to R$7.07 billion (approximately US$1.29 billion), compared to R$3.57 billion (about US$651 million) in the same period last year. The company reported these results on November 4, 2026, after the São Paulo market closed.
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