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Markets · Stocks & ETFs · ADR

Light (OTC: LGSXY)

$1.20+0.00%today

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

Display currency
Market Cap, EPS and the financial totals below — switch between US dollars and BRL.
Market Cap
$380.93M
P/E (TTM)
1.0x
P/B
0.1x
EPS (TTM)
$1.19
Dividend Yield
—
52-Week Range
$0.02 – $4.00
Volume
1K
Previous Close
$1.20

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
+0.00%
1 Week
-4.00%
1 Month
-2.44%
YTD
+33.33%
1 Year
+3.45%
5 Years
-55.56%
Light logo

About Light

US Ticker
LGSXY
B3 Ticker
LIGT3
Exchange
OTC
Currency
USD
Sector
Utilities
Industry
Utilities - Renewable
Headquarters
Rio De Janeiro, RJ, Brazil
Employees
—
CEO
Mr. Alexandre Nogueira Ferreira
Founded
1899

Light S.A., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric power in Brazil.

The company distributes electricity in the state of Rio de Janeiro.

It engages in the research, planning, building, operation, and exploration of generation and transmission systems; purchase, sale, import, and export of electricity, thermal power, and gas and industrial utilities; provision of consulting services in the energy sector; lease of real estate and personal properties; acquisition and sale of goods related to the studies and projects; implementation, operation, and maintenance of construction works and facilities; analysis of technical and economic feasibility; and hydropower generation activities.

In addition, the company provides services to low voltage clients, including the assembly, renovation, and maintenance of facilities.

Further, it offers technology solutions and systems for the operating management of public service concessionaires, including electricity, gas, water, sewage and other utility companies; and builds, installs, operates, and explores electric power plants.

The company primarily serves residential, commercial, industrial, commercial, rural, government, advertising, and utility customers.

The company was founded in 1899 and is headquartered in Rio De Janeiro, Brazil.

ri.light.com.br/en

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 Light's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Stretched

Net Margin
17.9%
ROE
31.4%
Rev Growth (YoY)
+1.91%
Net Debt / EBITDA
6.32×
Current Ratio
0.70×
Interest Coverage
1.16×
Free Cash Flow
-1.85B
Payout Ratio
—

Income — Margins & Efficiency

MetricLast 12MQ2'25 – Q1'26Δ2025Δ2024Δ2023Δ2022
Revenue$2,810,319,866+7.5%$2,614,827,983+12.9%$2,315,186,552-18.2%$2,829,158,179+15.0%$2,459,958,937
Gross profit$276,945,386-18.0%$337,582,448+18.9%$283,953,609-43.7%$504,543,730+54.3%$327,069,598
Operating income$172,987,020-29.2%$244,405,975+21.4%$201,313,715-44.6%$363,702,115+164.3%-$565,841,312
EBITDA$303,925,050-20.3%$381,557,649-18.7%$469,121,061-5.9%$498,287,699+171.3%-$699,232,298
Net profit$503,634,263+1194.3%$38,912,932-85.4%$266,074,070+405.8%$52,608,552+104.9%-$1,073,345,759
Gross margin9.9%-3.1 p.p.12.9%+0.6 p.p.12.3%-5.6 p.p.17.8%+4.5 p.p.13.3%
Operating margin6.2%-3.2 p.p.9.3%+0.7 p.p.8.7%-4.2 p.p.12.9%+35.9 p.p.-23.0%
EBITDA margin10.8%-3.8 p.p.14.6%-5.7 p.p.20.3%+2.7 p.p.17.6%+46.0 p.p.-28.4%
Net margin17.9%+16.4 p.p.1.5%-10.0 p.p.11.5%+9.6 p.p.1.9%+45.5 p.p.-43.6%
Revenue growth (YoY)1.9%+1.8 p.p.0.1%-4.1 p.p.4.2%-1.3 p.p.5.6%——
Effective tax rate-2898.3%-2964.6 p.p.66.2%+60.4 p.p.5.8%-62.9 p.p.68.8%+74.6 p.p.-5.9%
Interest coverage1.16×-46.5%2.16×-72.1%7.75×+286.7%2.00×+142.2%-4.75×

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

MetricLast 12MQ2'25 – Q1'26Δ2025Δ2024Δ2023Δ2022
Net debt$1,921,056,463+5.6%$1,819,025,967+17.1%$1,553,239,774-28.8%$2,181,818,069+5.9%$2,059,697,423
Net Debt / Equity1.20×-34.4%1.83×-0.6%1.84×-46.2%3.42×-10.7%3.83×
Net Debt / EBITDA6.32×+32.6%4.77×+44.0%3.31×-24.4%4.38×+248.6%-2.95×
Debt / Equity1.22×-34.2%1.85×-1.4%1.87×-46.6%3.51×-8.6%3.84×
Current ratio0.70×-13.8%0.82×-40.7%1.38×+315.1%0.33×-60.8%0.85×
Return on equity (ROE)31.4%+27.5 p.p.3.9%-27.6 p.p.31.5%+23.3 p.p.8.2%+207.6 p.p.-199.4%
Return on assets (ROA)9.2%+8.4 p.p.0.8%-5.7 p.p.6.5%+5.4 p.p.1.1%+24.6 p.p.-23.5%
Book value / share$3.18+61.1%$1.97+17.8%$1.67+32.3%$1.27+18.6%$1.07

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

This year (YTD) $0.07/share · yield 5.67%

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

Light trades on 2 exchanges. Prices on this page are the OTC ADR (LGSXY).

ExchangeTickerCurrency
OTCpriced hereLGSXYUSD
B3 (São Paulo)LIGT3BRL

Frequently Asked Questions

Why hold Light LGSXY ADR instead of local B3 LIGT3 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 Light listed?

Light trades on 2 exchanges. The line quoted on this page is OTC in the United States (LGSXY, US dollars). It also trades on B3 (São Paulo) in Brazil (LIGT3, Brazilian reais).

On how many exchanges does Light trade?

2. OTC — LGSXY (USD) · B3 (São Paulo) — LIGT3 (BRL). Prices shown on this page are the OTC line, LGSXY.

What is Light's primary listing?

Light's primary listing is on the B3 in Brazil, where the shares trade as LIGT3 in reais — the company's home market. The OTC 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 LGSXY and LIGT3?

They are the same company and, economically, the same asset. LIGT3 is the original Brazilian share, listed on the B3 and quoted in reais. LGSXY is an American Depositary Receipt over that share, listed on the OTC 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 LGSXY price therefore tracks two things: LIGT3 in reais, and the USD/BRL exchange rate.

How can I buy Light stock in the United States?

Light is listed on the OTC under LGSXY, priced in US dollars. Any US brokerage offering over-the-counter securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 15, 2026

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