AXIA Energia SA (AXICY) Balance Sheet

NYSE: AXICYAssets, liabilities, debt and equity over 4 years.

AXICY balance sheet, 2025

December 31, 2025 · Brazilian reais

R$279.69B assets = R$161.18B liabilities + R$118.50B equity

What it ownsR$279.69BCash & ST investments: R$27.55B (9.9%)R$27.55BReceivables: R$5.58B (2.0%)Inventory: R$422.5M (0.2%)Other current: R$18.54B (6.6%)Other current R$18.54BPP&E: R$39.66B (14.2%)PP&ER$39.66B · 14%Goodwill & intangibles: R$76.63B (27.4%)Goodwill & intangiblesR$76.63B · 27%LT investments: R$25.24B (9.0%)LT investments R$25.24BOther non-current: R$86.07B (30.8%)Other non-currentR$86.07B · 31%=How it is financedR$279.69BCurrent liabilities: R$30.98B (11.1%)R$30.98BLong-term debt: R$61.09B (21.8%)Long-term debtR$61.09B · 22%Other LT liabilities: R$69.11B (24.7%)Other LT liabilitiesR$69.11B · 25%Shareholders’ equity: R$118.50B (42.4%)Shareholders’ equityR$118.50B · 42%

Both columns are drawn to the same scale: what AXICY owns equals what it owes plus shareholders’ equity. Hover a block for its value.

AXICY financial health

Current ratio1.68
Comfortable · current assets cover current liabilities 1.68×
Debt / equity0.52
Moderate leverage · R$0.52 of debt for each $1 of equity
Equity / assets42.3%
Equity-funded · of assets funded by shareholders
Cash / debt45.1%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles27.4%
Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

AXICY balance sheet trends, 2022–2025

MetricTrendThenLatestChange
Total assetsR$270.22B2022R$279.69B2025+1.2%/yr
Total liabilitiesR$159.19B2022R$161.18B2025+0.4%/yr
Shareholders’ equityR$110.50B2022R$118.43B2025+2.3%/yr
Cash & short-term investmentsR$22.93B2022R$27.55B2025+6.3%/yr
Total debtR$51.58B2022R$61.09B2025+5.8%/yr
Net cash (debt)−R$28.65B2022−R$33.54B2025−R$4.9B
Working capitalR$23.18B2022R$21.11B2025−R$2.1B
Current ratio1.8820221.682025−0.20
Debt / equity0.4720220.522025+0.05
Shares outstanding2.30B20222.25B2025−0.8%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

AXICY assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

AXICY liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

AXICY debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

AXICY balance sheet in Brazilian reais

2025202420232022
Assets
Cash & short-term investmentsR$27.55BR$35.52BR$18.97BR$22.93B
Cash & equivalentsR$16.42BR$26.57BR$13.05BR$10.74B
Short-term investmentsR$11.13BR$8.95BR$5.92BR$12.19B
ReceivablesR$5.58BR$5.91BR$5.21BR$4.79B
InventoryR$422.5MR$441.5MR$426.7MR$429.3M
Other current assetsR$18.54BR$22.57BR$23.29BR$21.47B
Total current assetsR$52.09BR$64.45BR$47.90BR$49.62B
Property, plant & equipment (net)R$39.66BR$36.85BR$35.81BR$34.74B
Goodwill & intangible assetsR$76.63BR$78.17BR$79.87BR$80.07B
Long-term investmentsR$25.24BR$32.12BR$33.64BR$34.40B
Other non-current assetsR$86.07BR$78.27BR$69.85BR$71.38B
Total assetsR$279.69BR$289.87BR$267.06BR$270.22B
Liabilities
Accounts payableR$3.92BR$2.76BR$2.96BR$3.52B
Total current liabilitiesR$30.98BR$31.63BR$27.16BR$26.44B
Long-term debtR$61.09BR$62.81BR$48.57BR$51.58B
Lease obligationsR$488.6MR$182.6MR$216.7MR$753.2M
Other long-term liabilitiesR$69.11BR$73.43BR$78.86BR$81.17B
Total liabilitiesR$161.18BR$167.87BR$154.59BR$159.19B
Shareholders' equity
Minority interestR$71.5MR$136.6MR$131.3MR$523.8M
Total shareholders' equityR$118.43BR$121.86BR$112.33BR$110.50B
Key figures
Total debtR$61.09BR$62.81BR$48.57BR$51.58B
Net cash (debt)−R$33.54B−R$27.29B−R$29.60B−R$28.65B
Working capitalR$21.11BR$32.82BR$20.74BR$23.18B
Tangible book valueR$41.80BR$43.69BR$32.47BR$30.43B
Shares outstanding2.25B2.25B2.25B2.30B
Current ratio1.682.041.761.88
Quick ratio1.071.310.891.05
Debt / equity0.520.520.430.47
Equity / assets42.3%42.0%42.1%40.9%

Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported (latest annual report filed —); data from EODHD.

AXICY financial position

At the end of fiscal 2025 (December 31, 2025), AXIA Energia had total assets of R$279.7 billion (down 3.5% from a year earlier), total liabilities of R$161.2 billion and shareholders' equity of R$118.4 billion. It held R$27.6 billion in cash and short-term investments against R$61.1 billion of debt, net debt of R$33.5 billion. Its current ratio was 1.68. In the latest quarter (ended June 30, 2026) total assets were R$277.3 billion and equity R$122.2 billion.

Related: AXICY income statement, AXICY cash flow statement, AXICY key metrics. See the AXICY stock overview for the latest quote and news.

AXICY balance sheet FAQ

What are AXIA Energia's total assets?

AXIA Energia reported total assets of R$279.7 billion at the end of fiscal 2025 (December 31, 2025), compared with R$289.9 billion a year earlier.

How much debt does AXIA Energia have?

AXIA Energia had R$61.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.52.

How much cash does AXIA Energia have?

AXIA Energia held R$27.6 billion in cash and short-term investments at the end of fiscal 2025; with R$61.1 billion of debt that is net debt of R$33.5 billion.

What is AXIA Energia's book value?

AXIA Energia's shareholders' equity (book value) was R$118.4 billion at the end of fiscal 2025.

What is AXIA Energia's current ratio?

AXIA Energia had current assets of R$52.1 billion and current liabilities of R$31.0 billion, a current ratio of 1.68 (it can cover its short-term obligations).

How much goodwill does AXIA Energia have?

AXIA Energia carried R$76.6 billion of goodwill and intangible assets, 27.4% of total assets, at the end of fiscal 2025.

Utilities - Renewable: balance sheet