Good morning, everyone. A very warm welcome to the Energisa's Q1 2026 earning result video conference. Please note that this video conference is being recorded and will be made available on the company's IR website, where the respective presentation is also available. I would like to highlight that for those who need simultaneous translation, this feature is available via the globe icon labeled Interpretation, located at the bottom area of your screen. Once selected, please choose your preferred language, Portuguese or English. For those listening to the video conference in English, there is an option to mute the original audio in Portuguese by clicking Mute Original Audio. For the Q&A session, we ask that the questions be submitted via the Q&A icon at the bottom area of your screen. As part of our standard procedure, your names will then be announced so that you may ask your question live. At that point, a request to activate your microphone will appear on your screen. Please note that some of the speakers are joining remotely. Fluctuations or instabilities may occur during the video conference, potentially affecting response times, particularly during the Q&A session. We appreciate your understanding. We emphasize that information contained in this presentation and any statements that may be made during the video conference regarding Energisa's business outlook, projections, and operational and financial targets represent beliefs and assumptions of the company's management, as well as currently available information. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions, as they refer to future events, and therefore, depend on circumstances that may or may not materialize. Investors should understand that general economic conditions, market conditions, and other operational factors may affect Energisa's future performance and lead to results that differ materially from those expressed in such forward-looking statements. I would now like to hand the floor to Ricardo Botelho, company CEO, so we can begin our presentation. Ricardo, please go ahead. Thank you, operator. Good morning, everyone. First, I would like to thank everyone for joining this results presentation for the first quarter of 2026. Joining me today are our CFO Investor Relations Officer, Maurício Botelho, and also our Vice Presidents and Investor Relations team. First, I ask that you please review the legal disclaimers at the beginning of the presentation before making any investment decisions. I will begin the presentation with the main headline from last week, when the Ministry of Mines and Energy finally signed ahead of schedule the extension of our extensions for 30 years, which together represent nearly half of our EBITDA. This long-awaited news should be celebrated as a demonstration of the institutional maturity of Brazil's regulatory framework, which rests on three pillars: predictability and legal certainty that encourages continued investments in the distribution, economic and financial sustainability in exchange for more demanding contracts with permanent focus on service quality, and consumer protection. With greater predictability over the duration of our concession contracts, we are now prioritizing the planning of long-term actions aimed at rigorously meeting the technical, regulatory, and economic financial requirements of these new contracts. Moving on to the key highlights of the period results, the consolidated, on this first quarter. The recurring adjusted EBITDA consolidated for the Q1 2026 reached BRL 1.9 billion, representing the growth of 6.6% on a quarterly basis, reflecting the consistency of our operating cash generation. When we include equity income from Norgás, the equity adjusted EBITDA reached BRL 2 billion, with growth of 7%, reinforcing the growing contribution of the gas business to the group's diversification and value creation. This positive performance across virtually all of our businesses' lines is explained by a 7% increase in consolidated net revenue and cost management discipline, with the PMSO remaining controlled and efficient below the inflation rate. Energy distribution contributed BRL 1.7 billion to the EBITDA, up 7% compared to the previous quarter. Another growth highlight this quarter was the gas businesses, advancing 49% with ES Gás and 29% on equity basis with Norgás. Recurring adjusted net income totaled BRL 207 million, a reduction of 47% on a quarterly basis, reflecting primarily the increase in net financial expenses in a higher interest rate environment and higher cost of debt. Next slide, please. We are going to be talking about any other drivers, result drivers. The consolidated PMSO remained below inflation rates for the fifth consecutive quarter. In the first quarter of this year, it recorded a modest increase of 1.6% against an inflation rate of 4.14% over the last 12 months and that ended in March. The PMSO grew only 0.4% compared to the 2025 variation. Energy distribution, which accounts for the large share of PMSO, the increase was 1.5% in the quarter. Meanwhile, the transmission and the gas distribution segments maintain the trajectory of expense reduction with decreases of 6.9% and 7.5%, respectively. On the financial front, net financial expenses, the primary driving results reached BRL 1.6 billion in the quarter, representing a growth of 36% reflecting mainly the macroeconomic environment of higher interest rates. Even in this context, we continue with a disciplined capture strategy, active liability management, and maintenance of a healthy debt profile. Consolidated investments totaled BRL 1.6 billion, up 17% this quarter, and the majority was directed toward energy distribution, which accounted 94% of the total, reflecting our commitment to investing with discipline and operating with efficiency on this scenario. In this slide, we are expanding our view on debt, net liquidity, and debt amortization schedule. In the Q1, the cash position totaled BRL 15 billion, sufficient to comfortably cover maturities over the next three years. This level of cash reflects the early execution of fundraising activities that were planned for 2026, reducing the need to access the market in what is simply a more volatile year. We took advantage of favorable windows in order to preserve financial flexibility. Additionally, the debt profile was extended with an average maturity of 7%. When the global one was below the CDI rate. Amortization are more balanced with a higher concentration in the long term, particularly after 2030 as subsequent events. On April 20 this year, Energisa entered a Memorandum of Understanding for a quasi-equity instrument in the amount of BRL 1.4 billion with Itaú. The transaction involves the sale of mandatory stake and preferred shares of Sudeste de Energia. This injection aims to strengthen the capital structure and support the investment plan while maintaining financial discipline and health. The agreement is subject to customary conditions precedent and CADE approval. As a result, we closed the period with a net debt of BRL 33 billion and a leverage of 3.5x on a pro forma basis. Factoring the quasi-equity in instrument injection, the leverage would be 3.3x. Remaining at a level consistent with the financial discipline and with an adequate headroom relevant to our covenants. The quarterly result reinforces the company's ability to sustain operational growth across manageable variables, even against the challenging macroeconomic backdrop. With the benchmark interest rate held at two at a double- digits and pressures compounded by the geopolitical instability in the Middle East. I will conclude my remarks here and hand the floor to our CFO and IR Officer, Maurício Botelho. Thank you, Ricardo. Good morning, everyone. Thank you for joining yet another Grupo Energisa earnings call this quarter. Continuing with the presentation on the Over the next slides, I will share the key highlights for each of our businesses, showing We're gonna be working with the distribution, energy distribution highlights we're gonna be turning on. The group closed the period with a total losses of 12.31%, a result better than the same quarter of the prior year and in line, and aligned with the control trajectory observed in recent periods. For the fourth consecutive quarter, we are operating below the group's consolidated regulatory limit of that was about 12.96% widening the positive gap. Actual regulatory losses to 0.66 percentage points. This performance reflects the constancy of our structural loss reduction initiatives, supported by integrated management, the use of analytical intelligence, network modernization, and operational discipline. Across all of the group's distributors. In the period under review, seven of our nine concessionaries are already operating below their respective regulatory limits. Even in distribution of the limits in Rondônia and Mato Grosso. We observe a downward trend in the losses over the last 12 months, reinforcing the effectiveness of the initiatives implemented. Energy sales totaled 11,037 GWh with a growth rate of 3.5%, outperforming the Brazilian market, which contracted on average 0.3% over the same period. This was driven primarily by the Residential segment, up 5.1%, and Industrial segment as well, up 22.8%, reflecting consumer base expansion, higher temperatures, especially in the north and Mato Grosso. Strong growth performance in sectors such as food and minerals, oil and gas, as well as the entry of new loads. This growth was broad-based, with eight of the nine distributors posting expansion, with notable performance from Mato Grosso, Paraíba, Sergipe, and Tocantins concessions. On collection indicators, we recorded a consolidated collection rate of 97.18% over the last 12 months, the best historical results for first quarter. This performance was achieved despite a more challenging environment and reflects the evolution of our collection processes, leveraging analytical intelligence and great operational efficiency. The default rate closed at the period of 1.41% and impacted by a non-recurring fact related to a telecom client undergoing judicial organization. If we exclude this event, the indicator would be continuing on improving such a trajectory, coming at 1.35%, highlighting the quality of our credit management. Regarding quality indicators. For FEC, all group distributors have already achieved the 80% target, with particular recognition to Sergipe, Acre, Rondônia, Tocantins, and South, Southeast. Within, they reached 100% compliance. For DEC, six of nine distributors already exceeded the regulatory target, the 80%, while the remaining ones continue to execute recovery and compliance plans. Bear in mind, this takes place at year-end. This performance is all the more significant given the regulatory evolution promoted by ANEEL since 2020, which introduced more granularity indicators and higher standards for evaluating the quality of the services delivered. Taking advantage of this moment in which we are discussing quality, I would like to highlight an important aspect of our operational and regulatory discipline. Looking at the past eight years, Energisa is among the groups that have paid the fewest regulatory fines and penalties in the sector when considering the average in Brazilian Reais per consumer unit. This chart compares the main economic groups in the electric power sector clearly illustrates Energisa's consistency over time at the long- term, as well as the soundness of our strategy, preparing long-term plans rather than relying on emergency corrective actions to address quality deviations. Also, I would like to highlight our customer satisfaction and recognition. The most recent IASC released by ANEEL, Paraíba was named the best distributor in Brazil for the third consecutive year, the group was once again recognized as the most outstanding in the country. This result, in addition to reinforcing the consistency of our managed model with its focus on service quality, operational efficiency, and customer centricity, represents an important milestone within the regulatory environment. Moving on to another segment, the Gas segment. We continue to strengthen our management structure, integration of businesses within the group Energisa strategy. In this context, we recently announced a leadership change at ES Gás, Espírito Santo Gás. Rafael Pereira, who previously served as Commercial and Technical Director, he assumed the Presidency of Distributor, showing, having nearly 20 years of experience in the natural gas sector. At the same time, Fábio Bertollo, he's now covering the holding of the group that covers ES Gás, Norgás, and Biomethane, methane, and biofertilizer businesses. This move reinforces our focus on nurturing internal talents, integration, capturing synergies and developing new growth platforms within the segment. I now hand the floor to Fábio Bertollo, who will now present the results, and he's gonna be talking about the group's gas distribution for businesses. Thank you, Maurício. Good morning, everyone. Thank you for joining yet another Grupo Energisa earnings call. During this quarter, we observed progress across our key operational and financial indicators. The equity-adjusted EBITDA, an indicator that considers the equity of Norgás alongside ES Gás EBITDA grew 39%, reflecting improved performance and the evolution of results from investees. This movement is also reflected in the expansion of the combined gross margin, which advanced 19%, sustained by operational gains in a greater efficiency and management. On market evolution, we expanded our customer base and distributed volumes, reinforcing Energisa's ability to transform the businesses in which it operates, as well as the role of gas in broadening the group's portfolio. We maintain investment discipline, prioritizing higher return projects and strategic expansion of infrastructure. The lower investments in Norgás reflect the natural phasing of projects and do not compromise the structural growth of the segment. ES Gás, meanwhile, maintain the same level of investment recorded in the Q last year, the previous year. I would also like to highlight the strategic levers that have been underpinning our thesis capturing opportunities in the sector. For example, E.Leclerc. In 2026 it represented a significant advance for the Brazilian energy sector by reinforcing the security and reliability of the national interconnected system through the contracting of gas-fired thermal plants. For Energisa's gas segment, the auction also opens important opportunities for infrastructure expansion and asset base strengthening. The contracted projects create long-term demand for the expansion of gas distribution networks. Considering ES Gás and Norgás altogether, the process, projects associated with the auction, they amount to estimated potential of BRL 367 million in revenue, in addition to significant demand growth and operational expansion opportunities. At ES Gás, for example, the project involve seven new thermoelectric plants, an estimated potential of 3 million cubic meters per day. Norgás Distributors, we observe a significant capacity expansion and market potential across different states in the Northeast. Beyond operational growth, E.Leclerc strengthens revenue predictability, and it creates conditions for the continuation of investments in the energy infrastructure, positioning Grupo Energisa to capture opportunities associated with the energy transition, supply security and regional development. We therefore continue to advance a relevant agenda for the Gas segment, combining growth, efficiency and value creation. This concludes our overview of the gas distribution business highlights for the Q1, which continues to advance in infrastructure expansion, opportunity capture and the integration of the group's platforms. I now return the floor to Maurício, who will continue with the presentation. Okay. Thank you, Fábio, with your presentation. Now turning on to the Energy Transmission segment. As you guys can see on the slide here, in this quarter, the regulatory EBITDA reached BRL 170 million, increased by BRL 10 million compared to the 1st quarter of 2025. The reason was driven by the high growth resulting from 5.32% tariff adjustment for the 2025/2026 cycle and the start of operations of the new assets. Next slide, please. Now speaking about Energisa. In the quarter, Energisa delivered operational progress across its different businesses in efficiency, commercial expansion and value generation. Combined EBITDA total BRL 64 million, a significant improvement compared to the BRL -11 million in the first quarter of 2025. We also see a notable improvement in the market-to-market variation of the trading company's portfolio as a result of its strategic reposition. In the distributed generation, we continue to advance with EBITDA growth of 8%, customer base expansion of 33%, improvement in default indicators, and a 4% reduction in the PMSO, reflecting greater excellence in sales and operational efficiency. In the Free Market segment, highlights include operational evolution with an additional BRL 69 million in EBITDA compared to the first quarter of 2025. With a growth of 43.6% in energy billing and a cost control with a 9% reduction at PMSO. In value-added services, we had 105% EBITDA growth and expansion of the operating margin compared to the first quarter 2025, reinforcing the segment's ongoing evolution. On a consolidated basis, we continue to strengthen the group's energy solutions platform, expanding a recurrence and efficiency of the segment. Finally, turning to Voltz, we maintain the trajectory operational progress and enforcement of its positioning within the Grupo Energisa ecosystem. Total revenue advanced 64%, reflecting the expansion of the pro-portfolio and the ability to serve different customer profiles in both the B2C and B2B business customer segments. With regards to cash generation net income, we saw a slight contraction of 5% and 10% respectively. The main highlight of the quarter was the evolution of profitable indicators ROI and ROIC returned to positive levels. This movement evidences the efficiency gains regarding financial discipline and the operational maturity of our fintech. We continue to advance in the consolidation results as financial platform integrated with Energisa ecosystem, contributing to revenue diversification, customer relationships, and value generation for the group. This concludes the main highlights for the quarter. I would like now to open the Q&A session, please. Now we're gonna be opening the Q&A session. We kindly ask that you ask all the questions live all at once, waiting for the company to answer. To make questions, we guide you that sending via the Q&A icon located at the bottom area of your screen. By Dynamics, your names will then be announced so that you can ask your question live. At this moment, a request to activate your microphone will pop up on your screen. Please wait while we are collecting questions. Let's go to our first question. It comes from Ricardo Bello from Safra. Could you guys speak a little bit more of the PDD that you guys see ahead? Excluding the one-off related to Oi, there is a bigger impact at EMS because of the end of the subsidization. Do you guys see this impacted for the second quarter of 2026 ahead? How is the scenario for the distributors? Thank you so much. Good morning, everyone. My name is Newton. I'm revenue projection here. Ricardo, thanks for your question. As you said on the question, excluding with the one-off, we are gonna be having a, we're having a result of BRL 1.34, improvement of BRL 0.03 the previous time from last year, against a reduction from December 25. As again, we can see the results of the short-term here, as we have reported here, the improvements, the investments and compliances in here in the short- term that we had in here. We had a lot of income in here at the short- term. We understand that with the actions that we have in here, we have a lot of good results in investments, in default and the one-off of telecom from Oi in the second quarter. We're gonna be looking at the good moment that we have in here with the Desenrola program. Shortly, we're gonna be having a media campaign to put like, okay with the debts to have the interest that the population they have, also the media that has been generated with steam. As the fact that you talked on the MS, we have everything complete on the results. There's been a year with the change of the results in here that the state had an extra expenses with the social income, and it's also reflected as in full. Anything like extra to be happening in the future on the release. Remind you guys that are asking questions, we ask them to send them via the Q&A icon located at the bottom area of your screen. By Dynamics, your names will then be announced so that you can ask your question live. Remembering that ask some questions, we ask them to send them via the Q&A icon located at the bottom area of your screen. By Dynamics, your names will then be announced so that you can ask your question live. Please wait while we are collecting the questions. Let's go to our next question. It comes from Pedro from Fluminense Investments. We're gonna be opening your audio so that you can ask your question live. Pedro, please go ahead. Good morning, everyone. Thanks for accepting my question. I have one doubt about the renewal of the concessions on the distributors. How it's going to be working with the income after the renewals? They're going to be redimensioned and paid back, or they're going to be moving on normally as the step that was as they were. Talking about the perspective of the company on the unleverage this. The tariff reviews, they're still going to be taking some time to start having an effect on the EBITDA of the company. Pedro, first here, we're talking about the You talk about VNR, yeah. I can understand it here. The VNR, it's not going to be moving on, like, changing anything. It's going to be the same way that it is. We're going to be checking only the income. They're gonna be skipping positions and the depreciation is gonna be happening, but in the long- term. The big effects of VNR, they're gonna be moving on as each anniversary on this action, as we're gonna be seeing some differences. As results, accountabilities in here of impacting or not having impact, it's gonna be further ahead in about the leverage. As you can see in here, we have a market dynamics that's still interesting with Energisa that we had a growth of 13.5% in the Brazil market, and the Brazil market had a depreciation of 0.3%, 0.5%. We're gonna be having a cash flow generation here. Something that's gonna be coming here, moving on within time of the future, the tariff reviews, and it's within the process. Because it's regulated on the cash flow that's gonna be moving on within it's being discussed. It's gonna be bringing a relief because a readjustment on acknowledgment, it's gonna be happening this at each period of five years. We believe that this new adapts here, it's gonna be moving aligned in here, as we're gonna be checking the depreciation of the conditions of the market in here on the global and Brazilian situations as well. Remembering, guys, that to ask some questions, we ask them to send them via the Q&A icon located at the bottom area of your screen. By Dynamics, your names will then be announced so that you can ask your question live. Our next question comes from Reinaldo Verissimo. We're gonna be opening your audio so that you can ask your question live. Reinaldo, please go ahead. We have some issues with his audio. I'm gonna be reading the question. Congratulations for the results. A doubt. The predicted value for the investments is already considering the renewals of the concessionaires that were already anticipated? Yes. On this case, everything is already considered the numbers of the concessions. Remembering that ask some questions, we ask them to send them via the Q&A icon located at the bottom area of your screen. By Dynamics, your names will then be announced so that you can ask your question live. Remembering to ask some questions, we ask them to send them via the Q&A icon located at the bottom area screen. By Dynamics, your names will then be announced so that you can ask your question live. Wait while we are collecting your questions. Without further questions, we close here the Q&A session. Ending the video conference for the first quarter of 2026 from Energisa. The IR relations department is available to answer any further questions, doubts. Thank you, everyone, and have a good afternoon.