Axia (ex-Eletrobras) (NYSE: AXIA)

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Brazilian ADR trading on the NYSE, priced in US dollars.

Display currency

Market Cap, EPS and the financial totals below — switch between US dollars and BRL.

Market Cap: —
P/E (TTM): —
P/B: —
EPS (TTM): —
Dividend Yield: —
52-Week Range: —
Volume: —
Previous Close: —

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

-0.31%

1 Week

-7.39%

1 Month

-2.66%

YTD

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1 Year

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5 Years

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About Axia (ex-Eletrobras)

US Ticker: AXIA
B3 Ticker: AXIA3
Exchange: NYSE
Currency: USD
Sector: Utilities
Industry: Utilities - Renewable
Headquarters: Rio de Janeiro, RJ, Brazil
Employees: 7,168
CEO: Mr. Ivan de Souza Monteiro
Founded: 1962

AXIA Energia SA, through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

The company generates electricity through hydroelectric, wind farms, and solar power plants.

It also owns hydroelectric plants with a total capacity of 43,072.7 MW; 798.7 MW wind power plants; and 67,030.74 km of transmission lines.

The company was formerly known as Centrais Elétricas Brasileiras S.A. - Eletrobrás.

AXIA Energia SA was incorporated in 1962 and is headquartered in Rio de Janeiro, Brazil.

axia.com.br

Analyst Ratings

Consensus of 3 Wall Street analysts · sourced from Yahoo Finance

1.0Strong Buy

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$13.00

Average

$13.77

High

$14.80

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Axia (ex-Eletrobras)'s income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Solid

Net Margin: 21.9%
ROE: 7.8%
Rev Growth (YoY): +4.99%
Net Debt / EBITDA: 8.95×
Current Ratio: 2.11×
Interest Coverage: 0.31×
Free Cash Flow: 11.43B
Payout Ratio: —

Income — Margins & Efficiency

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Revenue	$8,346,384,224	+10.7%	$7,538,364,742	+15.9%	$6,504,079,380	-15.1%	$7,661,314,585	+18.8%	$6,447,835,787	+3.7%	$6,216,443,575	+27.0%	$4,893,416,267	-32.3%	$7,232,126,266	+6.9%	$6,766,520,314	-23.9%	$8,891,707,288	-42.6%	$15,496,760,139	+90.5%	$8,133,253,216	-28.4%	$11,355,188,953	+12.4%	$10,102,845,759	-26.2%	$13,698,252,408	-12.5%	$15,661,315,677	-3.0%	$16,144,455,475	+13.3%	$14,246,565,691	+14.3%	$12,464,623,924	-12.4%	$14,236,433,543	+38.0%	$10,316,397,935
Gross profit	$7,462,337,275	+12.7%	$6,618,830,759	+19.4%	$5,541,521,714	-15.0%	$6,522,187,745	+17.9%	$5,533,456,648	+1.2%	$5,468,539,370	+28.5%	$4,255,723,786	-23.2%	$5,544,300,872	+3.9%	$5,337,305,766	-11.6%	$6,034,666,123	-52.7%	$12,747,880,577	+232.1%	$3,838,876,842	-26.2%	$5,203,439,207	+4.8%	$4,967,288,603	-42.2%	$8,588,555,572	-19.8%	$10,702,327,900	-0.9%	$10,804,558,363	-6.4%	$11,549,358,577	+27.7%	$9,045,824,010	-17.9%	$11,024,424,829	+33.1%	$8,279,748,006
Operating income	$3,130,863,503	+29.0%	$2,426,907,162	+19.3%	$2,033,720,682	-9.2%	$2,240,265,556	+87.6%	$1,194,478,863	-32.0%	$1,756,361,890	+46.9%	$1,195,610,382	-44.2%	$2,141,784,107	-49.3%	$4,223,542,151	+296.6%	$1,065,052,702	-79.4%	$5,175,335,916	+295.7%	-$2,644,973,589	-82.6%	-$1,448,120,644	+36.5%	-$2,280,097,910	-1390.3%	$176,707,740	-91.4%	$2,048,886,983	-9.0%	$2,251,273,767	+3.0%	$2,185,795,754	-18.4%	$2,677,719,880	+10.2%	$2,430,390,426	-18.9%	$2,995,239,794
EBITDA	$1,326,567,363	+101.1%	$659,734,853	-80.3%	$3,354,865,245	+37.7%	$2,435,632,345	+19.8%	$2,032,795,103	-26.0%	$2,748,125,022	+32.7%	$2,071,127,615	-34.1%	$3,141,107,764	-44.5%	$5,655,630,840	+136.1%	$2,395,462,535	-67.6%	$7,399,921,901	+1164.5%	-$695,168,701	-276.0%	$395,090,991	+192.0%	-$429,357,860	+77.5%	-$1,904,182,192	-142.7%	$4,461,886,661	-3.0%	$4,601,682,310	+144.8%	$1,879,395,295	-71.3%	$6,545,903,614	+80.5%	$3,626,814,915	+7.5%	$3,374,424,214
Net profit	$1,827,909,028	+52.6%	$1,197,632,482	-28.7%	$1,679,878,600	+79.1%	$938,059,049	+36.4%	$687,919,048	-32.1%	$1,013,633,442	-17.6%	$1,230,497,421	-55.9%	$2,787,809,432	-25.3%	$3,734,071,550	+801.0%	-$532,694,573	-150.6%	$1,053,377,302	+136.5%	-$2,882,474,031	-22.9%	-$2,345,882,220	+10.5%	-$2,622,365,956	+20.4%	-$3,293,336,267	-264.6%	$2,001,160,733	+48.0%	$1,352,534,898	+244.3%	-$937,168,675	-127.3%	$3,437,647,160	+827.4%	$370,695,411	-23.0%	$481,593,149
Gross margin	89.4%	+1.6 p.p.	87.8%	+2.6 p.p.	85.2%	+0.1 p.p.	85.1%	-0.7 p.p.	85.8%	-2.2 p.p.	88.0%	+1.0 p.p.	87.0%	+10.3 p.p.	76.7%	-2.2 p.p.	78.9%	+11.0 p.p.	67.9%	-14.4 p.p.	82.3%	+35.1 p.p.	47.2%	+1.4 p.p.	45.8%	-3.3 p.p.	49.2%	-13.5 p.p.	62.7%	-5.6 p.p.	68.3%	+1.4 p.p.	66.9%	-14.1 p.p.	81.1%	+8.5 p.p.	72.6%	-4.9 p.p.	77.4%	-2.8 p.p.	80.3%
Operating margin	37.5%	+5.3 p.p.	32.2%	+0.9 p.p.	31.3%	+2.0 p.p.	29.2%	+10.7 p.p.	18.5%	-9.7 p.p.	28.3%	+3.8 p.p.	24.4%	-5.2 p.p.	29.6%	-32.8 p.p.	62.4%	+50.4 p.p.	12.0%	-21.4 p.p.	33.4%	+65.9 p.p.	-32.5%	-19.8 p.p.	-12.8%	+9.8 p.p.	-22.6%	-23.9 p.p.	1.3%	-11.8 p.p.	13.1%	-0.9 p.p.	13.9%	-1.4 p.p.	15.3%	-6.1 p.p.	21.5%	+4.4 p.p.	17.1%	-12.0 p.p.	29.0%
EBITDA margin	15.9%	+7.1 p.p.	8.8%	-42.8 p.p.	51.6%	+19.8 p.p.	31.8%	+0.3 p.p.	31.5%	-12.7 p.p.	44.2%	+1.9 p.p.	42.3%	-1.1 p.p.	43.4%	-40.1 p.p.	83.6%	+56.6 p.p.	26.9%	-20.8 p.p.	47.8%	+56.3 p.p.	-8.5%	-12.0 p.p.	3.5%	+7.7 p.p.	-4.2%	+9.7 p.p.	-13.9%	-42.4 p.p.	28.5%	-0.0 p.p.	28.5%	+15.3 p.p.	13.2%	-39.3 p.p.	52.5%	+27.0 p.p.	25.5%	-7.2 p.p.	32.7%
Net margin	21.9%	+6.0 p.p.	15.9%	-9.9 p.p.	25.8%	+13.6 p.p.	12.2%	+1.6 p.p.	10.7%	-5.6 p.p.	16.3%	-8.8 p.p.	25.1%	-13.4 p.p.	38.5%	-16.6 p.p.	55.2%	+61.2 p.p.	-6.0%	-12.8 p.p.	6.8%	+42.2 p.p.	-35.4%	-14.8 p.p.	-20.7%	+5.3 p.p.	-26.0%	-1.9 p.p.	-24.0%	-36.8 p.p.	12.8%	+4.4 p.p.	8.4%	+15.0 p.p.	-6.6%	-34.2 p.p.	27.6%	+25.0 p.p.	2.6%	-2.1 p.p.	4.7%
Revenue growth (YoY)	5.0%	+2.3 p.p.	2.7%	-5.4 p.p.	8.1%	-0.9 p.p.	9.1%	+10.6 p.p.	-1.6%	-37.9 p.p.	36.3%	+48.9 p.p.	-12.5%	-23.3 p.p.	10.8%	+21.7 p.p.	-11.0%	+30.6 p.p.	-41.6%	-98.2 p.p.	56.6%	+49.8 p.p.	6.8%	-19.7 p.p.	26.4%	+41.4 p.p.	-14.9%	-10.8 p.p.	-4.1%	-13.0 p.p.	8.9%	+0.8 p.p.	8.1%	+22.3 p.p.	-14.3%	-29.4 p.p.	15.1%	+0.7 p.p.	14.4%	—	—
Effective tax rate	358.0%	+164.0 p.p.	194.0%	+191.7 p.p.	2.3%	+175.7 p.p.	-173.5%	-194.3 p.p.	20.8%	-26.8 p.p.	47.6%	+41.9 p.p.	5.7%	+14.4 p.p.	-8.7%	-23.6 p.p.	14.9%	-36.2 p.p.	51.1%	+5.8 p.p.	45.2%	+51.6 p.p.	-6.3%	+31.8 p.p.	-38.2%	-9.8 p.p.	-28.3%	-35.1 p.p.	6.7%	-10.4 p.p.	17.1%	-19.8 p.p.	36.9%	+7.9 p.p.	29.1%	-2.0 p.p.	31.0%	-25.0 p.p.	56.0%	+18.9 p.p.	37.2%
Interest coverage	0.31×	+294.8%	-0.16×	-105.9%	2.74×	+115.9%	1.27×	-25.9%	1.71×	-65.4%	4.94×	-57.8%	11.71×	+37.2%	8.53×	+80.3%	4.73×	+239.9%	1.39×	-54.9%	3.09×	+118.4%	-16.80×	-7859.3%	-0.21×	+76.1%	-0.88×	+70.0%	-2.94×	-200.4%	2.93×	-7.7%	3.18×	+10380.6%	-0.03×	-100.9%	3.61×	+113.4%	1.69×	+1.6%	1.66×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Net debt	$11,868,294,177	+6.8%	$11,111,066,433	+32.9%	$8,362,565,597	-16.9%	$10,058,303,163	+5.4%	$9,539,069,371	+15.7%	$8,247,963,269	-12.3%	$9,404,207,875	-23.3%	$12,266,141,413	-14.7%	$14,384,106,912	+2.7%	$14,007,209,689	-3.1%	$14,452,721,151	+20.8%	$11,965,160,614	-22.0%	$15,349,197,468	+17.4%	$13,079,325,647	+2.9%	$12,706,723,877	+2.8%	$12,359,175,960	-23.8%	$16,212,659,446	+28.4%	$12,626,237,522	-8.0%	$13,724,696,644	+35.1%	$10,158,063,147	+49.4%	$6,797,719,850
Net Debt / Equity	0.51×	-1.0%	0.51×	+21.2%	0.42×	-2.4%	0.43×	-4.8%	0.46×	-24.4%	0.60×	-9.2%	0.66×	-4.6%	0.70×	-31.0%	1.01×	-7.8%	1.10×	+3.0%	1.06×	-6.6%	1.14×	+50.0%	0.76×	+51.0%	0.50×	+31.3%	0.38×	+27.6%	0.30×	-21.7%	0.38×	+21.2%	0.32×	-31.2%	0.46×	+72.0%	0.27×	+43.0%	0.19×
Net Debt / EBITDA	8.95×	-46.9%	16.84×	+575.7%	2.49×	-39.6%	4.13×	-12.0%	4.69×	+56.4%	3.00×	-33.9%	4.54×	+16.3%	3.91×	+53.5%	2.54×	-56.5%	5.85×	+199.4%	1.95×	+111.3%	-17.21×	-144.3%	38.85×	+227.5%	-30.46×	-356.5%	-6.67×	-340.9%	2.77×	-21.4%	3.52×	-47.6%	6.72×	+220.4%	2.10×	-25.1%	2.80×	+39.0%	2.01×
Debt / Equity	0.61×	-6.2%	0.65×	+1.6%	0.64×	+16.6%	0.55×	-0.5%	0.55×	-8.7%	0.61×	-9.3%	0.67×	-4.7%	0.70×	-31.3%	1.02×	-8.4%	1.11×	+3.7%	1.07×	-8.3%	1.17×	+49.2%	0.79×	+39.9%	0.56×	+33.7%	0.42×	+23.3%	0.34×	-33.8%	0.51×	+18.6%	0.43×	-19.7%	0.54×	+41.8%	0.38×	+48.1%	0.26×
Current ratio	2.11×	+25.3%	1.68×	-17.5%	2.04×	+15.5%	1.76×	-6.0%	1.88×	+12.8%	1.66×	+1.7%	1.64×	+3.9%	1.57×	+25.2%	1.26×	+15.2%	1.09×	+16.2%	0.94×	-10.3%	1.05×	-33.9%	1.58×	+3.9%	1.53×	-8.1%	1.66×	+3.2%	1.61×	-9.3%	1.77×	-16.3%	2.12×	+7.6%	1.97×	+105.3%	0.96×	-36.6%	1.51×
Return on equity (ROE)	7.8%	+2.3 p.p.	5.5%	-3.0 p.p.	8.5%	+4.5 p.p.	4.1%	+0.8 p.p.	3.3%	-4.1 p.p.	7.4%	-1.3 p.p.	8.7%	-7.1 p.p.	15.8%	-10.4 p.p.	26.2%	+30.4 p.p.	-4.2%	-11.9 p.p.	7.8%	+35.2 p.p.	-27.4%	-15.8 p.p.	-11.6%	-1.5 p.p.	-10.1%	-0.2 p.p.	-9.9%	-14.8 p.p.	4.9%	+1.7 p.p.	3.2%	+5.5 p.p.	-2.3%	-13.9 p.p.	11.5%	+10.5 p.p.	1.0%	-0.3 p.p.	1.3%
Return on assets (ROA)	3.4%	+1.0 p.p.	2.3%	-1.2 p.p.	3.6%	+1.9 p.p.	1.7%	+0.4 p.p.	1.3%	-1.7 p.p.	3.0%	-0.6 p.p.	3.6%	-2.7 p.p.	6.3%	-1.7 p.p.	8.0%	+9.0 p.p.	-1.0%	-3.0 p.p.	2.0%	+9.6 p.p.	-7.6%	-3.3 p.p.	-4.3%	+0.2 p.p.	-4.5%	+0.3 p.p.	-4.7%	-7.4 p.p.	2.7%	+1.1 p.p.	1.5%	+2.6 p.p.	-1.1%	-6.3 p.p.	5.2%	+4.7 p.p.	0.5%	-0.3 p.p.	0.8%
Book value / share	$10.30	+7.1%	$9.62	+9.7%	$8.77	-14.0%	$10.20	-2.8%	$10.49	+22.4%	$8.57	-5.9%	$9.11	-18.3%	$11.15	+5.8%	$10.53	+11.4%	$9.45	-4.8%	$9.93	+27.9%	$7.77	-48.0%	$14.94	-22.3%	$19.23	-21.6%	$24.53	-19.4%	$30.45	-18.3%	$37.27	+5.8%	$35.25	+33.7%	$26.37	-21.7%	$33.66	+4.5%	$32.21

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

$0.00

Axia (ex-Eletrobras) has not paid dividends over the past decade.

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Axia (ex-Eletrobras) trades on 3 exchanges. Prices on this page are the NYSE ADR (AXIA).

Exchange	Ticker	Currency
NYSEpriced here	AXIA	USD
B3 (São Paulo)	AXIA3	BRL
Latibex (Madrid)	XAXIA	EUR

Frequently Asked Questions

Why hold Axia (ex-Eletrobras) AXIA ADR instead of local B3 AXIA3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Axia (ex-Eletrobras) listed?

Axia (ex-Eletrobras) trades on 3 exchanges. The line quoted on this page is NYSE in the United States (AXIA, US dollars). It also trades on B3 (São Paulo) in Brazil (AXIA3, Brazilian reais) and Latibex (Madrid) in Spain (XAXIA, euros).

On how many exchanges does Axia (ex-Eletrobras) trade?

3. NYSE — AXIA (USD) · B3 (São Paulo) — AXIA3 (BRL) · Latibex (Madrid) — XAXIA (EUR). Prices shown on this page are the NYSE line, AXIA.

What is Axia (ex-Eletrobras)'s primary listing?

Axia (ex-Eletrobras)'s primary listing is on the B3 in Brazil, where the shares trade as AXIA3 in reais — the company's home market. The NYSE line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between AXIA and AXIA3?

They are the same company and, economically, the same asset. AXIA3 is the original Brazilian share, listed on the B3 and quoted in reais. AXIA is an American Depositary Receipt over that share, listed on the NYSE and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The AXIA price therefore tracks two things: AXIA3 in reais, and the USD/BRL exchange rate.

How can I buy Axia (ex-Eletrobras) stock in Europe?

Axia (ex-Eletrobras) trades in euros on one European venue: Latibex (Madrid) in Spain (XAXIA). A European broker with access to that market can buy it in EUR, with no currency conversion on your side. The price shown on this page is the NYSE line (AXIA), quoted in US dollars.

How can I buy Axia (ex-Eletrobras) stock in the United States?

Axia (ex-Eletrobras) is listed on the NYSE under AXIA, priced in US dollars. Any US brokerage offering NYSE-listed securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Sun, Aug 16, 03:13 BRT · Market closed

Financial data last updated: August 16, 2026

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