22.03.2023
The result was accompanied by an 11.3% growth in energy production compared to 2021, totaling 23,714.50 GWh of energy generated in 2022.
CTG Brasil, one of the leaders in clean energy generation in the country, presented a net profit of R$ 2.3 billion in 2022 – 30.5% higher compared to the previous year’s performance. The company also had an 11.3% growth in energy production, totaling 23,714.50 GWh of energy generated in 2022.
Compared to 2021, the company showed a reduction of 1.6%, or R$96.2 million in net operating revenue. The variation occurred mainly due to the decrease in the IPCA considered in the future remuneration of the balance of financial assets of the subsidiary Rio Paraná (ICPC-01), and a decrease of R$ 240.8 million in the gross revenue of the Short Term Market (MCP), due to the reduction of the Settlement Price (PLD).
On the other hand, there was an increase of R$ 223.7 million in the gross operational revenue of the Free Commercialization Environment (ACL) and an increase of R$ 152 million in the gross operational revenue of the Regulated Commercialization Environment (ACR), added to the growth of R$ 125.8 million in the gross commercialization revenues, due to a higher volume of energy commercialized in the comparison between the two exercises. The EBITDA grew by R$ 99.9 million, or 2.4% compared to the previous year, even taking into account the one-off and non-recurring impacts of the year.
“The cooling of the hydric crisis and the success of our commercialization strategy in a balanced climate scenario were fundamental for the 2022 results. We remain committed to the generation of clean and renewable energy, contributing to the energy transition and the sustainability of our business,” says Silvio Scucuglia, CTG Brasil’s Vice President of Finance and Investor Relations.
The full financial statements can be found on CTG Brasil’s IR website https://ri.ctgbr.com.br
