Shareholding structure

September 2026
Social capital
Common Shares Preferred C Golden Share Total Capital
Shareholder Shares % Shares % Shares % Shares %
Government group*         993,157,201 40.67       150,327,123 38.86                   1 100.00      1.143.484.325 40,43
ADR           49,376,473 2.02          5,270,173 1.36                 –         –          54.646.646       1,93
Non-resident shareholders         834,797,295 34.19        42,060,641 10.87                 –         –         876.857.936     31,00
FMP – FGTS Eletrobras**           53,536,697 2.19            251,540 0.07                 –         –          53.788.237       1,90
General retail         465,299,277 19.06       181,876,145 47.02                 –         –         647.175.422     22,88
Shares in Treasury           45,638,483 1.87          7,053,382 1.82                 –         –          52.691.865       1,86
Total     2,441,805,426 100.00      386,839,004 100.00 1 100.00     2.828.644.431 100,00

* The following shareholders are part of the Government Group: União Federal, BNDES/BNDESPAR, FND, FGHAB, Banco do Nordeste, BB Asset, Caixa Asset, Petros and Previ.
** The amount of FMPs does not include the privatization funds of BB Asset and Caixa Asset, which are already recorded in the Government Group total.