Good afternoon, ladies and gentlemen. Welcome to Alupar's conference call to discuss the results for the second quarter of 2025. The audio and slides for this conference call are being broadcast simultaneously over the English audio channel. To access the conference call in English, click on the globe icon in the bottom menu and select the desired language. Don't forget to mute the original audio. The presentation is also available for download. Please note that all participants will only be listening to the conference call during the presentation. Then we will start the question and answer session. We would like to inform you that forecasts of future events are subject to risks and uncertainties, which may cause these expectations not to materialize, that is, to differ from what is expected. These forecasts express an opinion only as of the date they are carried out, and the company undertakes no obligation to update them. We have here Mr. José Luiz de Godoy Pereira, Alupar's CFO, and Mr. Luiz Coimbra, Alupar's Investor Relations Director. Now I will give the floor to Mr. Luiz Coimbra, who will begin the presentation. Please go ahead. Good afternoon, everyone, and thank you for being here. We will start here with our program. We have prepared five sessions. I will start talking about the highlights. Then we will have the project status, and we will have the regulatory numbers and the results destination. Then we will talk about the capital markets. The first one that we had, we had a publication of the resolution of this increase of 11.4%. We also had the IGPM contracts for us. 57.9% of our revenue is for PD/IPCA, 26.5% for IGPM, and 15.5% for PPI. That are the revenues for the projects abroad. It goes from BRL 4 billion to BRL 91 billion for 2024-2025 to BRL 4.782 billion. It's a growth of 11.4%. Besides the increase that we had for this resolution, we had a positive impact of BRL 160 million because of the result from TNR. We also had the other ones that were approved. Going to the other one, we have here the conclusion and the signature of the first concession contract, which was on July 9th. The second one defines the result. It fixes the revenue in BRL 395.7 million, and it's from March 2019, which is the same as BRL 561.7 million for 2025 and 2026. We also had a new schedule changing the last concession to September 2051 with 27 years of operation. The RAP value, as well as the schedule, were set up in the beginning of the process. Now going to the next one, we have another highlight. We concluded in July the implementation of the last part of the ELTE transmission line with 21 km of line. In May 2024, we had concluded the substation of e Manoel da Nóbrega. In May, we had another reinforcement, and we were receiving BRL 59.2 million referring to those ways. The energization of the last one, now we received the full RAP of it. Now going to the sixth slide, we have another highlight. On July 31st, after the approvals by the regulatory bodies, including CADE and ANEEL, we concluded this last acquisition that was through one of our subsidiaries, which was ETAP. It's an operational asset. It's been operating since June 2023, and it will be until March 2052. It is in Bahia. It comprises 62 km of the transmission line, and there is a RAP associated of BRL 21.7 million. This operation was carried out by the enterprise value of BRL 75 million, and there is a liquid debt of BRL 53 million. Going to the next slide, another important highlight that we had was the acquisition of the fiscal benefit. This is a subsidiary located in Mato Grosso with 235 km of a transmission line and a revenue of BRL 20.5 million. It has a reduction of 75% for the income tax, and it will be from 2025 to 2034. The last one was the payment of dividends in this quarter. We paid everything related to the last quarter of 2024, the first one of 2025, which was the amount of 45 units. The last one was paid in June, and the first was BRL 145.3 million, which is BRL 0.45 per unit. Now going to the next section, we have here the status of the implementation projects. We separated them in three groups. The first ones are the ones that are more advanced. We have TCE, which is the first one in Colombia. This work has been concluded, but now we are going to go to the commissioning part with the regulatory bodies and all the audiences that are impacted by this line. Another project that has had a very expressive advance is TS, sorry. The last one is STEP, which had a significant growth. We had 10% of physical advance in the first quarter of 2025, and now we closed at the number of 20%. We have another block that has eight projects, three in Chile, four in Peru, and one in Colombia. Those projects are for more recent auctions. They are in the beginning, and we've had some advancements in the lands and environmental licenses, as well as equipment acquisition. At last, we have three more projects that were not so significant. They are still in the beginning of them. As they advance more, then we talk more about them. Now going through the regulatory numbers, starting with the income, which was BRL 875 million, which has a growth of 66.3% or 80.4% regarding the numbers of 2024. The transmission segment has contributed to the growth of BRL 27.3 billion. We had two impacts on it. The first was the commercial operation entrance in May 2024 for the ELTE transmission line, and the second was the increase of RAPs as the approvals that we had in 2024. When we look at the segment of generation, it had a growth of BRL 46.8 million in the revenue. Here I would like to highlight two main factors. The first is the largest allocation that we had in this quarter comparing to the second one last year. The second one was the increase of PLD, which was BRL 216 in the view of an average in the second quarter of 2024, of BRL 143. Now going to EBITDA, it had around BRL 680.5 million, and it had a growth comparing the same numbers of last year. The main variation here is the revenue, which is 35.7% and 27.8% for the generation. When we look at the profit here on the right, it goes from BRL 129 million in the second quarter of last year to BRL 186 million in this quarter, which represents a growth of 43.9% for the profit. This growth was because of two accounts. First, the increase of BRL 35.7 million in EBITDA, and then the second, 27.8% for the financial result. When we look at it, the financial revenue had a relevant increase, and it was because of CDI, which was 3.27% in this quarter in the view of 2.53% in the same period of last year. When we look at the expenses, they grew BRL 6.1 million. We had a more relevant growth because of the CDI increase, but it was compensated by a reduction of the currency variable, which was positive in this quarter, which was in Peru because of the value of the new currency comparing to real and the dollar. Now going to the next slide, we presented here the debt. There is a gross debt of BRL 864 million, and it is the eighth. That's the only debt that we have in the holder. It has a cost of IPCA of 6.5%. We closed with a cash of BRL 1,294 million, which was something negative. It is much more cash than debt with BRL 425.5 million. Going to the next slide, we have a consolidated debt. The gross one was BRL 12,734 million, with a portion of cash of BRL 3,696 million, with a net debt of BRL 9,090 million. When we look at the structure of it that was consolidated, we haven't had any significant changes. 53% is for PCH, with the CDI, which is 25.6%. All the debts for the projects represent 13.1%. With our program here, we will talk about the results destination, the allocation. The council approved the distribution of it of BRL 69.2 million, which is an increase of 21.2% comparing the last quarter of the third quarter of last year, which is BRL 0.21 per unit. The payment will be done 60 days after the approval, which was yesterday. The last record date will be August 7. Now going to the next one, the last one for our presentation. We present here the development, the performance of our company. We have here the accumulation, which is 17.91%. EBITDA has 13.51%, and the IEE has a value of 29.34%. Another highlight that I always bring here, which is the average increase. We closed at an average of BRL 20.9 million with negotiations a day, and it represents a growth of 12.5% comparing to 2024. I close my presentation, and we can go to the Q&A session. Thank you. Now we'll start the Q&A session for stakeholders, investors, and analysts. In case you want to ask a question, please click the button, raise the hand. If your question is answered, you can go, you can leave, and then click on the icon, lower the hand. Just click here and write your questions with your name and company. Our first question comes from Mario Wobeto from Safra. [Foreign language] Fala, pessoal. Boa tarde. Hello. Good afternoon. Thank you for the opportunity. I wonder if the company has assessed being here in the next transmission auction, the kind of project the company has been searching for, the ones that are more related to you, or if the ones that are abroad are still the priority. Thank you. [Foreign language] Obrigado pela pergunta. Thank you for the question. The company will analyze that. We'll analyze the participation in the next auction. It's not for sure. It depends on several matters. We are analyzing this internally. Regarding the international matter, we always try to have the best opportunities where they are possible. [Foreign language] Obrigado. Thank you. Our next question comes from Victor from Itaú BBA. Good afternoon. Thank you for the opportunity. We saw that this quarter we had a positive performance, not only the positive one, but the average cost. Could you share more with us about this performance, if we can have the same performance for the second quarter of the year? We have a policy of direct hiring with consumers, and we've expanded our portfolio of customers, which has enabled us to sell at better prices in the mixing. The generation was positive in the first quarter. I think everything reflects on the results that we had. [Foreign language] Perfeito. Obrigado. Thank you. [Foreign language] P róxima pergunta de João Pedro. Next question, João Pedro Herrero from Santander. [Foreign language] Boa tarde, pessoal. Tudo bem? tarde, pessoal. Tudo bem? Good afternoon. Thank you for accepting my question. I'd like to understand a little bit about the current strategy of the company, if there is any exposition limited abroad. As a second question, if in other countries in Latin America that the company, if the company sees that as a strategic plan. As I said, we diagnose everything well. Actually, what we try here is to improve the return and the value of the company. With this perspective, we've analyzed all the markets since 2006. That's the first market that we got into, which was in Chile. It's been almost 20 years. It was our entrance abroad. What we look at are the regulatory issues, which are crucial for you to get into another country. You need to understand the regulation very well and see if it makes sense to what you need. It's worth participating in this market. Okay. Thank you. Next question from Ricardo Bello from Genial Investimentos. [Foreign language] Boa, pessoal. Do meu lado, eu queria fazer uma pergunta mais voltada para a parte. It's a question for generation. As I saw here in the presentation, it feels that it had an impact, but it was more stable. We see some pressure costs regarding the acquisition of energy. Will it be the same for the following quarters, or do you see any kind of volatility until the end of the year that will somehow impact on this segment? Cortema is a problem that we have. We've been discussing a lot through our association and about this fact. I think the signs that we have is that there is a desire to equalize that. We've been impacted by it in this quarter. We should have some, actually, we might have some impact in the first quarter, and we will damage the performance a little bit because we have to buy energy. I think it must be equalized because it's not only one thing that is up to us. All the companies that are in the Northeast are suffering with the same thing. As we've heard from associations, it's something that should be equalized somehow. There is a flexibility regarding the shipping of energy from the North to the Southeast, but it's something that we don't know when it will happen. Thank you. It was very clear. Our next question comes from Felipe Tobias. Good afternoon. First, congratulations for the results. I'd like to see your vision about the legal security as well as regulatory, as we have the dollar index, because I'm afraid we might have something very bad. The regulation is very similar to what we have. It's not different from what we've had. This effect can happen, but it's something that will be low. It will be more for location. For example, in the transmission, we always have something that has a default for a while, and then it is solved recently. I don't know if you have seen that the Belo Monte plant didn't pay some things, and those things happened, but then we tried to equalize everything. They had a preliminary injunction, and we see the same situation in other markets. Nothing that can impact significantly our development or performance. Thank you. Now the Q&A session is closed. Now I will give the floor to Mr. José Luíz for the final remarks of the company. I'd like to thank you for the questions and participation and saying that the company is available in case you want to talk to us, in case you have questions, comments. We are all here, the financial, the R&D. Thank you and have a good afternoon. Alupar's call is closed. Thank you for your participation and have a good afternoon.