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Utilities

RIO PARANAPANEMA ENERGIA SA

GEPA4 — RIO PARANAPANEMA ENERGIA SA

CNPJ 02.998.301/0001-81 · listed classes: GEPA4, GEPA3 · CVM code 18368

Geração e Comercialização de energia elétricaAs filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Energia Elétrica

Básicolisting segment
1999founded
São Paulo · SPheadquarters
Privadocontrol
Itaú Corretora de Valores S/Ashare registrar
Deloitte Touche Tohmatsu Auditores Independentes Ltda.auditor
ri.ctgbr.com.brinvestor site
R$ 0.0 mavg. daily traded value (63 sessions)

Verdict

P/E 14.1 against 13.8 for the sector; 2025 data, no relevant restatement.

Confidence flag: Incomplete or flagged snapshot

Data for fiscal year 2025, received by the CVM on 2026-04-09; 2 of the 5 core figures published; last restatement recorded in 2010.

Does the company make money?

Is it sound or indebted?

Is the share expensive or cheap relative to the sector and its own history?

Descriptive: number, numeric band and comparison with the sector, the company's own history and the whole universe. Not investment advice. JSON · how the verdict works

Follow GEPA4: get an e-mail when profit turns into loss, debt or margin change band, or the statements are restated. That is all, and you can cancel in one click. See every event already recorded for GEPA4.

Quote

R$ 36.35close of 2026-09-24 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m +6.3% · 12m +0.9% · YTD +13.6% · 52-week R$ 32.00–42.49

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, weekly, 5 years · return +5.9% (+1.1% a year) · not split-adjustedR$ 36.35 2026-09-24
high 2026-05-08: R$ 42.08low 2023-03-31: R$ 23.612026-09-24: R$ 36.35
2021low R$ 23.61 · high R$ 42.082026

Return by window

1 month3 months1 year2 years5 years10 years
Price+6.3%+1.0%+0.9%+21.2%+5.9%-27.3%
With dividends reinvested+6.3%+1.0%+17.8%+76.1%+104.3%+117.5%
Real, net of inflation (IPCA to 08/2026)+6.4%+1.2%+13.4%+61.3%+58.8%+34.8%
R$ 1,000 would be worthR$ 1,063R$ 1,010R$ 1,178R$ 1,761R$ 2,043R$ 2,175

Closing prices from the base up to 2026-09-24. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.

Corporate actions

last day with rightseventmultipliercheck
2007-10-31reverse split inferred0.00× sharesnot checked
2007-10-31reverse split inferred0.00× sharesnot checked

Why the price chart jumps: prices are not split-adjusted. Inferred means detected from the share count and the price, not announced in the exchange file.

Valuation

Today

R$ 3.4 bnmarket value
close of 2026-09-24 × sharesprice × shares outstanding
R$ 4.6 bnenterprise value
+ net debt 2025market value + net debt
R$ 13.14BVPS 2025
book value per shareshareholders' equity ÷ shares
15.3P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
2.49P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
14.3%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
16.3%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
6.3P/FCO 2025
FCO R$ 548 mmarket value ÷ operating cash flow
94.4 mshares outstandinglatest public count, treasury excluded

Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2025 annual filing. The multiples below are point-in-time: priced on the day the filing became public.

At the filing date (point-in-time)

14.1P/E 2025
price of 2026-04-09 · sector 13.8 · 10 cos. · 6th of 11price ÷ earnings per share for the year
2.8P/B 2025
price of 2026-04-09 · sector 1.9 · 9 cos. · 9th of 10price ÷ book value per share
7.0EV/EBITDA 2025
price of 2026-04-09 · sector 8.0 · 9 cos. · 5th of 10enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
-12.2%FCF yield 2025
price of 2026-04-09 · sector 4.0% · 9 cos. · 10th of 10(operating cash flow + capex) ÷ market value
17.7%ROE 2025
sector 11.0% · 29 cos. · 9th of 30net income to controlling ÷ average equity
14.2%ROIC 2025
sector 14.0% · 33 cos. · 14th of 34EBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included — /metodologia/roic
P/E, P/B and EV/EBITDA use the price of 2026-04-09 (R$ 37.33), the first one after the 2025 filing became public on 2026-04-09 — point-in-time, not the 31 December price. 2 caveats

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year2.73×
EV/Receita todayenterprise value ÷ net revenue3.68×
P/EBITDA todaymarket value ÷ EBITDA5.05×
P/EBIT todaymarket value ÷ EBIT8.81×
EV/EBIT todayenterprise value ÷ EBIT11.91×
Earning yield todaynet income ÷ market value (the inverse of P/E)7.3%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity0.97×
Dívida bruta/PLshort- and long-term borrowings ÷ equity1.08×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year1.78×
PL/Ativosequity ÷ total assets0.31×
Passivos/Ativos(total assets − equity) ÷ total assets0.69×
Liquidez correntecurrent assets ÷ current liabilities0.18×

Efficiency

Margem brutagross profit ÷ net revenue36.7%
Margem EBITDAEBITDA ÷ net revenue54.0%
Margem EBITEBIT ÷ net revenue30.9%
Margem líquidanet income ÷ net revenue19.9%

Profitability

ROEnet income to controlling ÷ average equity17.7%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included14.2%
ROAnet income ÷ total assets6.7%
Giro do ativonet revenue ÷ total assets0.32×

Growth

Receita, 1 anorevenue this year ÷ previous year − 14.6%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years-2.8%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)-15.8%

Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.

Indicators, year by year

Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.

Fact checklist 3 of 9

Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.

ROE17.7%! 2025
2010: 5.5% — lucro_total_sem_minoritarios;pl_final_sem_media2011: 9.3% — lucro_total_sem_minoritarios2012: 12.3% — lucro_total_sem_minoritarios2013: 17.1% — lucro_total_sem_minoritarios2014: 13.3% — lucro_total_sem_minoritarios2015: 9.9% — base_contabil_mudou2016: 20.1%2017: 14.1%2018: 15.4%2019: 15.5%2020: 40.5%2021: -0.5%2022: 12.9%2023: 36.5% — empresa_sem_operacao2024: 54.1% — lucro_total_sem_minoritarios;consolidado_zerado_na_fonte;base_contabil_mudou2025: 17.7% — lucro_total_sem_minoritarios;consolidado_zerado_na_fonte
20102025
ROIC14.2%! 2025
2010: 7.0% — capital_final_sem_media2011: 10.0%2012: 12.0%2013: 15.9%2014: 12.0%2015: 10.8%2016: 17.8%2017: 13.0%2018: 16.7%2019: 17.3%2020: 52.9%2021: 5.6% — aliq_fallback_342022: 12.7%2023: 28.1% — empresa_sem_operacao2024: 49.1% — consolidado_zerado_na_fonte2025: 14.2% — consolidado_zerado_na_fonte
20102025
Net margin19.9%! 2025
2010: 20.9%2011: 29.4%2012: 29.4%2013: 34.4%2014: 23.4%2015: 15.0%2016: 27.1%2017: 16.8%2018: 19.4%2019: 17.8%2020: 48.4%2021: -0.7%2022: 17.8%2023: 24.5% — empresa_sem_operacao2024: 35.8% — consolidado_zerado_na_fonte2025: 19.9% — consolidado_zerado_na_fonte
20102025
Point-in-time P/E14.1x! 2025
2020: 4.9x — acoes_escala_milhares2021: -321.9x — acoes_escala_milhares;pl_negativo;pl_extremo2022: 9.6x — acoes_escala_milhares2023: 7.2x — pl_nao_positivo2024: 6.5x — pl_total_sem_minoritarios;lucro_total_sem_minoritarios2025: 14.1x — pl_total_sem_minoritarios;lucro_total_sem_minoritarios
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶5.5%!9.3%!12.3%!17.1%!13.3%!9.9%!20.1%14.1%15.4%15.5%40.5%-0.5%12.9%36.5%!54.1%!17.7%!11.0%
ROIC ⟶7.0%!10.0%12.0%15.9%12.0%10.8%17.8%13.0%16.7%17.3%52.9%5.6%!12.7%28.1%!49.1%!14.2%!14.0%
ROA ⟶3.7%!6.1%7.6%9.6%6.8%4.6%!8.4%5.5%5.7%5.5%13.9%-0.2%6.3%18.4%!24.3%!6.7%!4.6%
Gross margin ⟶49.5%55.6%54.9%62.8%45.0%43.6%53.4%31.8%41.4%38.3%97.0%16.8%40.9%38.6%!37.7%!36.7%!29.3%
EBIT margin ⟶42.3%48.6%49.4%57.3%39.8%35.6%48.4%27.2%37.1%33.6%96.0%15.3%35.0%35.5%!47.9%!30.9%!21.4%
Net margin ⟶20.9%29.4%29.4%34.4%23.4%15.0%27.1%16.8%19.4%17.8%48.4%-0.7%17.8%24.5%!35.8%!19.9%!10.0%
Revenue growth (1y) ⟶—11.1%15.2%10.2%0.6%-0.6%!9.6%9.0%-9.3%4.8%5.0%-7.2%1.7%1.7%!-13.5%!4.6%!8.7%
Revenue growth (5y CAGR) ⟶—————7.1%!6.8%!5.7%!1.6%!2.5%!3.6%0.2%-1.2%1.1%!-2.7%!-2.8%!9.1%
Net debt/EBITDA ⟶0.57x0.86x1.02x0.55x1.50x1.54x0.78x0.82x0.76x0.37x-0.02x2.27x1.00x0.00x!0.37x!1.78x!2.80x
Current ratio ⟶1.91x1.00x0.51x1.05x0.79x0.87x0.76x0.73x0.86x0.75x0.67x0.42x0.42x—0.53x!0.18x!1.32x

In reais, year by year

The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.

line20102011201220132014201520162017201820192020202120222023202420252T26TTM
Income statement
Net revenue (R$ bn)0.91.01.11.21.21.21.31.51.31.41.51.31.41.41.21.30.31.4
Cost of goods and services (R$ bn)-0.4-0.4-0.5-0.5-0.7-0.7-0.6-1.0-0.8-0.9-0.0-1.1-0.8-0.9-0.8-0.8-0.2-0.9
Gross profit (R$ bn)0.40.50.60.80.50.50.70.50.50.51.40.20.60.50.50.50.10.5
EBITDA (R$ bn)0.60.70.80.90.70.60.90.60.70.71.60.50.80.80.80.7——
Depreciation and amortization (R$ m)235231223217217214225224213221219283278266267290——
EBIT (operating result) (R$ bn)0.40.50.50.70.50.40.60.40.50.51.40.20.50.50.60.40.10.4
Pre-tax profit (R$ bn)0.30.40.40.60.40.30.50.30.30.31.0-0.00.30.50.50.30.00.3
Income taxes (R$ m)-81-92-117-177-110-72-137-75-88-87-30322-82-115-101-66-11-52
Net income (R$ m)181281325418286183361244256246702-924334243125121225
Net income (controlling) (R$ m)181281325418286183361244256246702-924334243125121225
Balance sheet
Total assets (R$ bn)4.94.44.24.53.84.24.44.54.54.45.74.03.70.03.54.04.04.0
Current assets (R$ bn)0.60.40.30.80.30.71.01.21.21.32.00.40.40.00.60.30.40.4
Current liabilities (R$ bn)0.30.40.60.80.40.81.31.61.41.73.01.01.00.01.11.70.80.8
Gross debt (short + long term) (R$ bn)0.80.81.01.11.21.51.51.51.51.41.11.31.00.00.81.31.11.1
Cash and investments (R$ bn)0.50.20.20.60.10.50.91.01.01.11.10.20.20.00.50.10.30.3
Net debt (R$ bn)0.30.60.80.51.11.00.70.50.50.3-0.01.10.80.00.31.2——
Shareholders' equity (R$ bn)3.32.82.52.41.91.81.81.71.61.61.91.91.90.01.61.21.41.4
Cash flow
Operating cash flow (R$ m)487439597665412538771558372647506-809457551559548——
Capital expenditures (R$ m)-10-17-22-47-44-54-62-86-48-53-39-28-32-18-13-977——
Free cash flow (FCO + capex) (R$ m)477422575618368484710472324594467-837426532546-430——

The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the last 12 months (TTM) built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.

The current year, quarter by quarter

As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.

quarterrevenue (R$ m)profit (R$ m)net marginP/E TTMP/Bfiled on
2024T1!320.980.225.0%5.61.232024-05-07
2024T2!280.257.820.6%5.21.272024-08-14
2024T3!286.742.414.8%5.41.402024-11-13
2025T1!349.397.127.8%7.11.892025-05-13
2025T2!298.164.821.7%7.21.872025-08-13
2025T3!298.432.911.0%7.51.862025-11-13
2026T1!444.0114.825.8%13.52.682026-05-14
2026T2!322.420.96.5%15.22.482026-08-13

Full series, every quarter: GET /empresas/GEPA4/trimestres

Dividends

Next: 2026-12-31 payment · dividend R$ 0.2409

The latest dividend by GEPA4 was a dividend of R$ 0.2409 per share (record date 2026-04-30, payment 2026-12-31). In the last 12 months: 5 payments adding up to R$ 5.3511 per share. Average yield of the last 5 full years: 14.9%.

typerecord dateex-datepaymentper share
dividend2026-04-302026-05-042026-12-31R$ 0.2409
dividend2025-12-292025-12-302026-07-23R$ 1.0497
dividend2025-12-292025-12-302026-07-23R$ 1.0497
dividend2025-12-292025-12-302026-05-28R$ 1.7401
JCP2025-12-092025-12-112026-05-28R$ 1.2707
dividend2025-04-302025-05-02—R$ 4.0483
JCP2024-12-162024-12-17—R$ 1.1225
dividend2024-10-022024-10-03—R$ 1.8425
dividend2024-04-302024-05-02—R$ 3.0287
JCP2023-12-112023-12-12—R$ 1.1648
dividend2023-04-282023-05-02—R$ 0.8130
JCP2023-01-042023-01-05—R$ 1.0589
dividend2022-12-072022-12-08—R$ 1.3393
dividend2021-04-302021-05-03—R$ 2.9399
JCP2020-12-182020-12-21—R$ 0.5612
dividend2020-07-032020-07-06—R$ 1.3251
JCP2019-12-202019-12-23—R$ 0.7201
dividend2019-12-122019-12-13—R$ 1.2707
dividend2019-04-262019-04-29—R$ 1.2806
JCP2019-01-022019-01-03—R$ 0.7836
dividend2018-11-222018-11-26—R$ 1.2707
dividend2018-04-272018-05-02—R$ 1.2988
JCP2017-12-192017-12-20—R$ 0.7836
dividend2017-10-312017-11-01—R$ 1.2707

Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.

Record dates in the last 5 years, by month: Jan1FebMarApr4MayJunJulAugSepOct1NovDec7

Per year

yearper sharepaymentsyield
2026R$ 0.240910.7%
2025R$ 9.1585528.6%
2024R$ 5.9936320.1%
2023R$ 3.0368311.6%
2022R$ 1.339315.0%
2021R$ 2.939918.9%
2020R$ 1.886324.3%
2019R$ 4.055148.5%
2018R$ 2.569526.7%
2017R$ 3.893939.8%

Yield per year = the year's dividends over the close of its last session; the current year is partial.

Shareholders and free float

3.81%free float
3,597,286 sharesshares outstanding held by the market, as filed in the FRE
10,695shareholders
10,453 individuals · 211 companies · 31 institutionalcount at the last shareholders meeting, from the FRE
Rio Paranapanema Participações S.A.controlling shareholder
as declared in the FREshareholders the company marks as controlling
80% ONtag along (minimum)
Básicominimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
Rio Paranapanema Participações S.A. ctrlPJ99.06%94.76%96.19%
Others (market)———3.81%
Treasury shares———0.00%

Direct holdings from the reference form (FRE) filed on 2026-09-14, version 3. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filedcategorysubjectdocument
2026-09-17Reunião da Administração · Conselho de Administração(i) Aprovar a revisão da Matriz de Riscos da Companhia||(ii) Apreciar e tomar conhecimento acerca da atualização do status do plano de Controles Internos referente ao exercício socopen
2026-09-03Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-08-13Dados Econômico-Financeiros · Demonstrações Financeiras Intermediárias2º ITR 2026open
2026-08-13Reunião da Administração · Conselho de Administração(i) Revisar, discutir e aprovar as Informações Trimestrais ("ITR") da Companhia relativas ao segundo trimestre de 2026||(ii) Apreciar e tomar conhecimento das Estatísticas da Linhaopen
2026-08-13Reunião da Administração · Conselho de Administração(i) Revisar, discutir e aprovar as Informações Trimestrais ("ITR") da Companhia relativas ao segundo trimestre de 2026, conforme aprovadas pela Diretoria na 445ª Reunião de Diretoropen
2026-08-07Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-07-13Aviso aos Acionistas · Outros avisosDistribuição de Dividendosopen
2026-07-08Aviso aos Acionistas · Outros avisosDistribuição de Dividendosopen
2026-07-03Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-06-19Dados Econômico-Financeiros · Relatório de Agência de RatingRelatório de Créditoopen

The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.

Piotroski F-Score 5/9 (2025) — what each criterion means.

Restated filings for this company

The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.

fiscal yearaccountfirst filingrestated
2010DFC_MI 6.01 (individual)487.2420.0

Every restatement of this company, year by year

This company appears in

Compare

Side by side, with each figure's caveat and how often each company restated its filings.

GEPA4 × AXIA3 · GEPA4 × CPLE3 · GEPA4 × SBSP3 · GEPA4 × EQTL3 · GEPA4 × CPFE3 · GEPA4 × EGIE3

compare with the sector: EQTL3 × CPLE3 × ENEV3

Other companies in Utilities

46 more with a page, same CVM sector — a classification of the regulator's, not ours.

Take this into your code

Everything on this page is also JSON: GET /empresas/GEPA4/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 2,401 sessions, 2010-01-29 → 2026-09-24 · methodology · how we verify

Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.

Numbers on this page are live. Data version 2026-09-27-reapresentacao-agreg · page generated 2026-09-27 14:34 UTC. If this does not match /saude, you are reading a cached copy.