Florent Pimentel's questions to Centrais Eletricas Brasileiras SA - Eletrobras (EBR) leadership • Q2 2025
Question
Florent Pimentel from Citi asked how the challenging GSF scenario impacted potential gains from the company's longer position in H2 2025. He also questioned if the sales strategy would favor short-term market liquidation or longer-term contracts given market risks.
Answer
VP of Finance Eduardo Hayama clarified that the strategy of being more sold in Q1 and less contracted from Q2 onwards was designed to manage GSF and price scenarios. He noted that while the financial result will be very good due to high prices, the lower GSF in Q3 will temper the magnitude of gains. VP of Trade Italo Freitas added that the primary focus is on expanding the client base through contracts, with liquidation being a secondary option if better-priced deals are unavailable.