Good afternoon, ladies and gentlemen. Welcome to this Alupar call for the results of the third quarter of 2025. These slides of it are being broadcast simultaneously. To access the English channel, you can access the lower part of it and choose the channel English. You can also mute the original audio. The presentation is also available for download, and everyone will be just listening to the call, and we will start the Q&A session. Some predictions about future events are subjected to risks and uncertainties, and maybe the expectations will be different. Those predictions issue opinion only about on the date. We have here Mr. José Luís de Godoy de Pereira, CFO of Alupar, and Luís Coimbra, Director of Investor Relations. I will give the word to Mr. Coimbra. We will start the presentation. Please, Mr. Luíz, you can continue. Thank you, everyone, for being here. We will start with our program. I will speak about the first highlights of this first quarter, and then the statutes of the projects. I will also go through the numbers of this quarter. At last, I will talk about the performance of the market. Here is the first highlight, which is TNE. In the previous quarter, we had communicated about it, and then the HAPI, which was BRL 561 million, and extended the deadline. Now in September, the work was concluded, as well as the commercial operation connecting the last isolated point to SIM. Here we have the commercial operation part, which is TC, which is 500 kW that connects the region of Bogotá and Pereira. It has 237 km of extension. Now with that, we have a new plant in Peru, in Morrozú, TCE. Those three sets together have a revenue of about $60 million a year. Going to the next highlight, we had the first step of TECPI, which is a project that comprises the center substation modernization. It has four steps. First, the concession signature with a revenue of BRL 9.4 million, which was related to the first part of it. Then the conclusion of the first step. Now the revenue is BRL 6.3 million. Out of it, BRL 4 million are for the first step of the project and BRL 19 million regarding the phase one, which is 33% of the whole project. For this, we have an anticipation of 11 months regarding the first deadline, which will result in an additional result of BRL 15 million for the company. In the next slide, we have another highlight, which was the victory, the achievement that we had the action in Peru in September. It is 250 km of transmission line and five substations. The forecast investment is BRL 220 million. It has a revenue of BRL 13.8 million a year. The commercial operation is for November 2029. The concession deadline is for 2030. This project consolidates this new cycle of growth that is a total of BRL 950 million investments up to 2029, which will bring an additional revenue of BRL 137 million. The last one was the dividend payment related to the first and second quarter of this year. We paid them July and October, BRL 138 million of dividends. With that, there are a total of BRL 290.6 million, which is BRL 0.90 per unit. Now we represent the statutes of the implementation projects here. We have separated them besides the hiring statutes and the work advancements in the initial phases with the hirings, with the licenses. The only project that is more advanced is TEC that I've just mentioned. This one, after the operational of phase one, it has a physical advance of 23.8%. Now we will explain the regulatory numbers, starting with the revenue. This semester was BRL 1,897 million, with a growth of 90.4% related comparing to the same period of last year. The transition one contributes to a growth of BRL 574 million. The first is the increase of the REP. We have the homologation in July, which established an increase of 5% for all the contracts and another increase of 7.2% for GPM contracts. Another factor is the commercial operation of North Area. When we look at the generation part, there was a growth of BRL 27 million. Basically, here we had a gain because of the energy allocation strategy, which was bigger in this quarter comparing to the same period of last year. EDV, which is a wind park in the region of Ceará, and the impact of it was lower, which was 43%. In the same period last year, this number was 15% less. Now the EBITDA, there was an increase of 13.4% comparing to 2024. There are two highlights here. First, this growth of revenue. The other, there was an increase of BRL 37 million for assets, which is the increase, the insertion of TNE, now going to the profit, which was BRL 219 million, a revenue of 20.2% when we compare to the same period last year. Here we had three main variations. The first, BRL 87 million in the EBITDA. Then we had a growth of BRL 21 million for the financial result. This growth is because of the increase of CDI, which was 3.60%, and another one of 2.59% that was recorded in the first quarter of 2024. The last one, we had an increase of BRL 22 million in taxes. There was a positive effect because of the fiscal benefit that we had in September 2024. Now, speaking of those numbers, the revenue had a growth of 3.7%, and the impact on it was the same as the regulatory numbers. For the transmission line, we had two main factors. The first, the increase of BRL 125 million in infrastructure because of the tech investment. In counterpart, we had a reduction of BRL 123 million. Because of the GPM reduction in this quarter, there was a negative variation of 2.7%. The third one, there was a positive variation of 1.72%. Now, speaking of EBITDA, it was a total of BRL 984 million. Here, there are two variations. The first one was the revenue for the transmission line that I've just explained. The next one is a positive variation of BRL 273 million for the state account. TNE had an effect that was not recurrent because of the arbitrage result. Now, speaking of the profit, it was BRL 489 million, which represents a growth of 34% regarding the numbers that we had in the first quarter of 2024. There are three main accounts here, which is this growth of BRL 298 million in the EBITDA. The other one was a variation of BRL 387 million in taxes because of the positive effect in the EAT transmission. At the last, we had a reduction of BRL 200.4 million in the participation of, especially because of the profits regarding the taxes that I've just mentioned. Going to the next slide, we had the debt of the holding. The controller shows a gross debt of BRL 890 million. That's the venture emission. There was a swap for 96.5% of CDI. We closed the cash with BRL 3 billion, which brought a negative net debt of BRL 446 million. We have the gross debt of BRL 12.4 million. We closed the cash with BRL 324 million with a debt of BRL 90 billion, actually, yeah, around BRL 90 billion. Most of our debt, 53%, was for the IPCA with CDI, which is 27%. The others that represent 13. For the next, the board of the company approved the dividend distribution of BRL 900 million, which represents the same value as last year. It was the highest dividend ever paid since the acquisition of it in 2022. It is BRL 0.30 per unit. The payment will be done within 60 days after the approval that was yesterday. The date will be on November 13 after the negotiations. Now going to the next slide here. Through the year, based on the closing that we had yesterday, there is a value of 37.3%. At the same period, IBOVESPA has a value of 27.40%. Another point is the financial volumes for the accrued of the year. We closed yesterday with an average of BRL 28 million a day, which represents a growth of 3.7% comparing to the same period last year. I closed my presentation. Now we can go to the Q&A session. Thank you. Now we will start the Q&A session. In case you want to ask questions, please press the button, raise your hand. In case your question has already been answered, just leave it. In case you want to write it, you can go to the Q&A session and write your question. The first one is from Mr. João Pedro from Santander. Please, you can ask. Good afternoon, everyone. Here, João Pedro from Santander. Thank you for the opportunity. Actually, I have two. The first one would be about acquisitions. In the last month, as we've seen that some transmission platforms were put for sale, are for sales. I'd like to know about this process. The second one would be about the transmission or battery auction opportunity brought in Latin America. I'd like to understand if there is another action this year and how the opportunities are for 2026. The first question is for the batteries in Latin, right? First, the platform, what we have seen is that people who have participated in those platforms are the international funds. As we are a company of greenfield, our capital cost is a little bit higher than the other companies. It is not easy to get into those platforms, which would compromise our capital and with a higher cost. We do not know, we do not have much competition. If we consider the last auction here in Brazil, the return is much worse than the last sales of M&A assets. I don't know why some companies don't participate in the process of M&A, and they are so aggressive in the greenfield, which I think that has given better results, at least now. We have a big portfolio of projects. Now, I think it doesn't make sense because of the return that we demand. Abroad, I don't think there are many things in the pipeline. We have participated in some opportunities. For battery, now we don't have anything. We are waiting for the regulation here to set up all the final rules. It's something, for example, we participated in Argentina in bidding in a BES project. Because of the Argentinian issues, we didn't go on with this project. Our next question is from Mr. Daniel Travitzky from Safra. Hello, everyone. Thank you for the opportunity. Here, I have two questions. The first is about the transmission auction. The last that we had, there were some batches for construction of synchronous compensators, and the company participated in one of them. If you can comment on this opportunity, the challenges for this type of operation and the company's expertise for this type of venture, how did you evaluate it? The second one is about Latam's investment, but it is to understand how you expect to leverage the company incoming incomes. If so, how will you continue participating in those auctions in Latam? I think those are the two questions. For the cycles, we have the projects in Chile. There are two synchronous compensators. Here, there, the system is a little bit different. The main demanded bigger engineering with all the energy into the reactive energy in the system, some very specific fixes. This compensator that was in auction, it was a more complex one, like 300 MVAR. I do not know exactly the technology that every player is using, but maybe the one who has more experience in it is GE, who did it. It is not a very simple equipment. It has a PV condition that is heavier than the other processes in general. It is not the same as an availability of a transformer, for example, because it is a mechanical equipment. It is different. The availability of a transformer and generator, I do not know exactly what is being used, how the cooling system is, because it is also very complex. We considered some matters that were more conservative for those kinds of equipment differently from other companies. The leverage is going toward, actually is going within our limits, especially for the leverage. We are considering the construction projects. We've been talking about it. When you have a very high backlog, your leverage level will increase during this implementation process. Then it goes down, and it goes down very fast. We've been talking to the bond holders to show that to them and to be able to get at a high level, at a very good level of leverage. We've been the last emissions on other markets, international ones. We've been showing that some characteristics are not for a company like ours. Thank you. Our next question comes from Ms. Lorena Fernandez from Itaú BBA. Good afternoon, everyone. Thanks for the opportunity. I'd like to understand your perspective about the reimbursement through VACS. Are you actually, would you let any legal situation, just would you let it go? You need to see how the regulation is because of those problems. In thesis, they have been solved the containment situation, but then it was different from our interpretation as the others. I don't know how the regulation will be, so it's hard to say if we will let it go. We participate in some discussions about wind energy. We are one of the... Let's see how it will be, I think, because we are one of the signatories. We don't know the exact definition to understand what one thing is and the other. There are some matters that we need to understand better, how everything will be calculated and applied. Thank you. [Foreign language]. To ask questions, just click on raise hand or just write your question on the Q&A box. The session of Q&A is closed, and now I'll give the word to Mr. José Luíz to do the final remarks. I'd like to thank you for being here, the interest in the company. I'd like to thank you for asking questions, dedication, the way you try to understand how the company is strategically. Our team is available if you want to talk more in case you are interested in understanding better. We are here available, and I hope to see you again in the next meeting of results. Thank you.