Cemig (NYSE: CIG) financial statements
The consolidated income statement, balance sheet and cash flow statement of Cemig for its last 10 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 67,028m in total assets and BRL 28,576m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 42,751m | BRL 39,820m | BRL 36,850m | BRL 34,463m | BRL 33,646m | BRL 25,228m | BRL 25,486m | BRL 22,266m | BRL 21,712m | BRL 18,773m |
| Cost of sales | BRL 35,514m | BRL 31,664m | BRL 28,466m | BRL 27,651m | BRL 26,923m | BRL 19,845m | BRL 19,598m | BRL 17,677m | BRL 17,488m | BRL 14,430m |
| Gross profit | BRL 7,237m | BRL 8,156m | BRL 8,384m | BRL 6,812m | BRL 6,723m | BRL 5,383m | BRL 5,888m | BRL 4,589m | BRL 4,224m | BRL 4,343m |
| Operating profit | BRL 7,731m | BRL 11,309m | BRL 8,502m | BRL 7,186m | BRL 7,795m | BRL 7,151m | BRL 6,417m | BRL 4,235m | BRL 3,446m | BRL 2,845m |
| Finance costs | BRL 2,061m | BRL 1,951m | BRL 1,651m | BRL 3,066m | BRL 3,096m | BRL 3,350m | BRL 1,847m | BRL 2,224m | BRL 1,800m | BRL 2,478m |
| Profit before tax | BRL 5,670m | BRL 9,358m | BRL 6,851m | BRL 4,120m | BRL 4,699m | BRL 3,801m | BRL 4,570m | BRL 2,011m | BRL 1,646m | BRL 367.0m |
| Income tax | BRL 771.0m | BRL 2,239m | BRL 1,084m | BRL 26.0m | BRL 946.0m | BRL 936.0m | BRL 1,599m | BRL 610.0m | BRL 644.0m | BRL 33.0m |
| Net profit | BRL 4,897m | BRL 7,117m | BRL 5,764m | BRL 4,092m | BRL 3,751m | BRL 2,864m | −BRL 3,194m | BRL 1,700m | BRL 1,001m | BRL 334.0m |
| Depreciation and amortisation | BRL 1,533m | BRL 1,376m | BRL 1,274m | BRL 1,182m | BRL 947.0m | BRL 865.0m | BRL 815.0m | BRL 761.0m | BRL 787.0m | BRL 802.0m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 67,028m | BRL 59,727m | BRL 55,000m | BRL 53,671m | BRL 52,046m | BRL 54,083m | BRL 50,526m | BRL 59,855m | BRL 42,240m | BRL 42,036m |
| Current assets | BRL 14,478m | BRL 12,232m | BRL 11,869m | BRL 13,465m | BRL 12,949m | BRL 15,456m | BRL 10,354m | BRL 27,796m | BRL 8,537m | BRL 8,286m |
| Inventories | — | — | — | — | — | — | BRL 39.0m | BRL 36.0m | BRL 38.0m | BRL 49.0m |
| Property, plant and equipment | BRL 4,191m | BRL 3,715m | BRL 3,256m | BRL 2,411m | BRL 2,419m | BRL 2,407m | BRL 2,450m | BRL 2,662m | BRL 2,762m | BRL 3,775m |
| Cash | BRL 1,902m | BRL 1,898m | BRL 1,537m | BRL 1,441m | BRL 825.0m | BRL 1,680m | BRL 536.0m | BRL 891.0m | BRL 1,030m | BRL 995.0m |
| Total liabilities | BRL 38,447m | BRL 32,345m | BRL 30,344m | BRL 31,887m | BRL 32,584m | BRL 36,605m | −BRL 34,423m | BRL 43,916m | BRL 27,910m | BRL 29,102m |
| Current liabilities | BRL 14,462m | BRL 14,146m | BRL 13,093m | BRL 11,203m | BRL 10,688m | BRL 9,690m | BRL 7,913m | BRL 23,394m | BRL 8,663m | BRL 11,447m |
| Equity | BRL 28,576m | BRL 27,377m | BRL 24,650m | BRL 21,778m | BRL 19,457m | BRL 17,474m | BRL 15,887m | BRL 14,579m | BRL 14,326m | BRL 12,930m |
| Equity including minorities | BRL 28,581m | BRL 27,382m | BRL 24,656m | BRL 21,784m | BRL 19,462m | BRL 17,478m | BRL 16,103m | BRL 16,084m | BRL 14,330m | BRL 12,934m |
| Minority interests | BRL 5.0m | BRL 5.0m | BRL 6.0m | BRL 6.0m | BRL 5.0m | BRL 4.0m | BRL 4.0m | BRL 1,360m | BRL 4.0m | BRL 6.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 4,077m | BRL 5,496m | BRL 6,646m | BRL 6,544m | BRL 3,685m | BRL 8,607m | BRL 2,036m | BRL 1,008m | BRL 580.0m | BRL 1,213m |
| Investing cash flow | −BRL 6,663m | −BRL 2,376m | −BRL 3,969m | −BRL 3,136m | −BRL 1,370m | −BRL 5,076m | −BRL 1,188m | −BRL 211.0m | −BRL 386.0m | −BRL 614.0m |
| Financing cash flow | BRL 2,590m | −BRL 2,759m | −BRL 2,581m | −BRL 2,792m | −BRL 5,910m | −BRL 2,387m | −BRL 1,203m | −BRL 936.0m | −BRL 159.0m | −BRL 529.0m |
| Capital expenditure | −BRL 699.0m | −BRL 671.0m | −BRL 1,076m | −BRL 173.0m | −BRL 182.0m | −BRL 132.0m | −BRL 70.0m | −BRL 77.0m | −BRL 83.0m | −BRL 120.0m |
| Dividends paid | — | −BRL 1,885m | −BRL 533.0m | — | — | −BRL 598.0m | −BRL 701.0m | — | — | — |
Where each figure comes from
From the annual report (Form 20-F) that Cemig files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Cemig page.
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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.