Companhia Energética de Minas Gerais (CIG) Income Statement
CIG 2025 at a glance
Fiscal year ended December 31, 2025 · Brazilian reaisCIG revenue and net income
Where CIG's revenue goes
2025Each bar shows an amount and its share of revenue. CIG kept 11.5% of revenue as net income.
CIG profit margins
CIG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.4% | +7.4% | +11.1% | +6.9% |
| Gross profit | −7.6% | +2.0% | +6.4% | +1.7% |
| Operating income | −15.5% | +3.6% | +6.1% | +3.0% |
| Net income | −31.2% | +6.2% | +11.3% | +7.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CIG income statement in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$42.75B | R$39.82B | R$36.85B | R$34.46B | R$33.65B | R$25.23B | R$25.49B | R$22.30B | R$21.71B | R$18.77B |
| Cost of revenue | R$35.51B | R$31.99B | R$28.47B | R$27.65B | R$26.92B | R$19.91B | R$19.60B | R$17.68B | R$17.49B | R$14.43B |
| Gross profit | R$7.24B | R$7.83B | R$8.38B | R$6.81B | R$6.72B | R$5.32B | R$5.89B | R$4.62B | R$4.22B | R$4.34B |
| Research & development | — | R$146.0M | R$37.5M | R$34.6M | R$34.2M | R$42.8M | R$40.7M | R$38.2M | R$37.8M | R$47.9M |
| Sales, general & admin | R$124.0M | R$1.26B | R$1.62B | R$1.41B | R$576.5M | R$635.2M | R$880.0M | R$936.0M | R$1.01B | R$1.05B |
| Total operating expenses | R$909.0M | R$338.0M | R$2.17B | R$1.13B | −R$228.0M | R$610.7M | R$5.89B | R$4.62B | R$1.58B | R$2.54B |
| Operating income | R$6.33B | R$7.49B | R$6.21B | R$5.69B | R$6.95B | R$4.71B | R$3.01B | R$2.88B | R$2.64B | R$1.80B |
| Interest income | R$117.8M | R$299.0M | R$286.0M | R$416.1M | R$1.29B | R$1.12B | R$365.6M | R$1.06B | R$1.42B | R$1.58B |
| Interest expense | R$1.50B | R$204.8M | R$238.5M | R$196.8M | R$232.4M | R$1.10B | R$342.1M | R$1.36B | R$1.60B | R$2.03B |
| Income before taxes | R$5.67B | R$9.36B | R$6.85B | R$4.12B | R$4.70B | R$3.80B | R$4.57B | R$2.01B | R$1.65B | R$367.0M |
| Income taxes | R$771.0M | R$2.24B | R$1.08B | R$26.0M | R$946.0M | R$935.7M | R$1.60B | R$610.0M | R$644.0M | R$33.0M |
| Net income | R$4.90B | R$7.12B | R$5.76B | R$4.09B | R$3.75B | R$2.86B | R$3.19B | R$1.72B | R$1.00B | R$334.0M |
| EBITDA | R$8.71B | R$11.74B | R$9.15B | R$6.24B | R$6.92B | R$5.30B | R$6.85B | R$4.22B | R$4.09B | R$3.23B |
| Gross margin | 16.9% | 19.7% | 22.8% | 19.8% | 20.0% | 21.1% | 23.1% | 20.7% | 19.5% | 23.1% |
| Operating margin | 14.8% | 18.8% | 16.9% | 16.5% | 20.7% | 18.7% | 11.8% | 12.9% | 12.2% | 9.6% |
| Net margin | 11.5% | 17.9% | 15.6% | 11.9% | 11.1% | 11.4% | 12.5% | 7.7% | 4.6% | 1.8% |
| Jun '26 | Mar '26 | Dec '25 | Mar '25 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$11.16B | R$10.46B | R$11.68B | R$9.71B | R$8.86B | R$8.93B | R$9.43B | R$9.43B | R$8.82B | R$8.65B | R$9.18B | R$9.22B |
| Cost of revenue | R$9.20B | R$9.23B | R$10.02B | R$8.00B | R$6.93B | R$7.03B | R$7.79B | R$6.76B | R$5.74B | R$6.92B | R$6.01B | R$7.08B |
| Gross profit | R$1.95B | R$1.23B | R$1.66B | R$1.70B | R$1.93B | R$1.90B | R$1.63B | R$2.66B | R$3.08B | R$1.72B | R$3.17B | R$2.15B |
| Research & development | — | R$108.9M | — | R$115.6M | R$9.8M | R$2.4M | R$10.7M | R$10.7M | R$11.7M | R$9.0M | R$9.0M | R$8.6M |
| Sales, general & admin | R$229.8M | R$202.1M | R$684.4M | R$194.0M | R$321.5M | R$248.0M | R$156.8M | R$514.9M | R$515.7M | R$158.7M | R$128.6M | R$388.9M |
| Total operating expenses | R$52.8M | R$285.5M | R$342.0M | R$346.9M | −R$23.8M | R$403.6M | −R$60.6M | R$1.09B | R$1.50B | −R$134.4M | R$3.17B | R$645.8M |
| Operating income | R$1.90B | R$942.3M | R$1.31B | R$1.36B | R$1.95B | R$1.49B | R$1.69B | R$1.95B | R$1.58B | R$1.86B | R$10.99B | R$1.50B |
| Interest income | R$84.5M | R$258.0M | R$136.6M | R$84.0M | R$725.5M | R$218.2M | — | R$144.9M | R$68.7M | R$123.3M | R$72.3M | R$109.5M |
| Interest expense | R$526.7M | R$596.0M | R$468.2M | R$49.7M | R$53.1M | R$50.4M | R$282.0M | R$282.0M | R$472.3M | R$147.9M | R$47.6M | R$48.2M |
| Income before taxes | R$1.03B | R$1.05B | R$2.27B | R$1.21B | R$2.15B | R$1.50B | R$1.48B | R$1.48B | R$1.62B | R$1.75B | R$1.59B | R$1.39B |
| Income taxes | R$87.9M | R$70.0M | R$362.4M | R$175.0M | R$462.3M | R$348.8M | R$242.3M | R$242.3M | R$370.1M | R$355.2M | R$178.7M | R$209.9M |
| Net income | R$945.0M | R$978.5M | R$1.90B | R$1.04B | R$1.69B | R$1.15B | R$1.24B | R$1.24B | R$1.25B | R$1.40B | R$1.41B | R$1.18B |
| EBITDA | R$2.15B | R$1.71B | R$1.74B | R$1.84B | R$2.79B | R$2.05B | R$2.50B | R$2.06B | R$2.39B | R$2.02B | R$3.64B | R$2.50B |
| Gross margin | 17.5% | 11.7% | 14.2% | 17.5% | 21.7% | 21.2% | 17.3% | 28.2% | 34.9% | 19.9% | 34.6% | 23.3% |
| Operating margin | 17.0% | 9.0% | 11.3% | 14.0% | 22.0% | 16.7% | 18.0% | 20.7% | 17.9% | 21.5% | 119.7% | 16.3% |
| Net margin | 8.5% | 9.4% | 16.3% | 10.7% | 19.1% | 12.9% | 13.1% | 13.1% | 14.1% | 16.2% | 15.3% | 12.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported in CIG's financial statements (latest annual report filed April 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CIG financial results
In fiscal year 2025 (ended December 31, 2025), Companhia Energética de Minas Gerais reported revenue of R$42.8 billion, up 7.4% from the year before. It had net income of R$4.9 billion (down 31.2%), a net profit margin of 11.5%. Over five years revenue grew at an average rate of 11.1% a year. Figures are in Brazilian reais, the currency of its financial statements.
See the CIG stock overview for the latest quote and news, or the CIG chart for price history and technical indicators.
CIG income statement FAQ
What is Companhia Energética de Minas Gerais's annual revenue?
Companhia Energética de Minas Gerais reported total revenue of R$42.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.4% from R$39.8 billion the previous year.
Is Companhia Energética de Minas Gerais profitable?
Yes. Companhia Energética de Minas Gerais reported net income of R$4.9 billion in fiscal 2025, a net profit margin of 11.5%; its operating margin was 14.8%.
What is Companhia Energética de Minas Gerais's gross margin?
Companhia Energética de Minas Gerais's gross margin was 16.9% in fiscal 2025: for every $100 of revenue, Companhia Energética de Minas Gerais kept $17 after the direct cost of its products and services.
How fast is Companhia Energética de Minas Gerais growing?
Revenue grew 11.1% a year on average over the last five fiscal years, from R$25.2 billion to R$42.8 billion.
When will Companhia Energética de Minas Gerais report its next earnings?
Companhia Energética de Minas Gerais is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Companhia Energética de Minas Gerais's fiscal year end?
Companhia Energética de Minas Gerais's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 17, 2026.