Industry Revenues:

• Energy transmission: 100% (2026)

TOP 3 Markets:

1. Brazil: 95%
2. Argentina: 3%
3. Paraguay: 2%

Transmissora Aliança de Energia Elétrica S.A. (TAESA) is a leading company in the field of energy transmission in Brazil. The majority of revenues come from the domestic market, as TAESA is mainly engaged in the transmission of electrical energy. International markets, such as Argentina and Paraguay, contribute only a small portion to the total revenue, highlighting the strong focus on the Brazilian market.

Production Sites: Brazil

Transmissora Aliança de Energia Elétrica S.A. (TAESA) is a Brazilian company specializing in the operation and maintenance of power transmission lines. The company does not produce physical products in the traditional sense, but operates a network of transmission lines in Brazil.

TAESA operates in various Brazilian states where it manages and maintains its infrastructure for power transmission. The company plays a crucial role in Brazil's energy infrastructure by ensuring the transmission of electricity over long distances.

Revenue Growth: Estimated 10% (2026 based on industry trends)

Profit Growth: Estimated 8% (2026 based on industry trends)

Transmissora Aliança de Energia Elétrica S.A. (TAESA) pursues a growth strategy based on expanding its transmission network and optimizing existing facilities. The company plans to invest in new infrastructure projects to increase capacity and efficiency.

Another focus is on leveraging technological innovations to improve operational efficiency and reduce operating costs. TAESA also relies on strategic partnerships and acquisitions to expand its market presence and unlock new business opportunities.

Additionally, sustainability plays a central role in their strategy, with investments in renewable energies and measures to reduce the CO2 footprint. This aligns with global trends and regulatory requirements aiming for more environmentally friendly energy generation.

Main raw materials: Aluminum, Copper, Steel
Countries of origin: China, Chile, Brazil

Transmissora Aliança de Energia Elétrica S.A. (TAESA) is a company in the field of energy transmission. For the construction and maintenance of transmission lines and infrastructure, TAESA mainly requires raw materials such as aluminum, copper, and steel.

Aluminum and copper are essential for the production of lines and cables. These materials are often imported from China and Chile, as these countries are significant producers of these metals. Steel, which is needed for the construction of towers and other supporting structures, is sourced both locally in Brazil and internationally, with China also being an important supplier.

The selection of supplier countries is based on the availability, costs, and quality of the raw materials, with China being preferred due to its production capacities and Chile due to its copper deposits.

Market share in Brazil: 15% (estimated, 2026)
EBITDA margin: 80% (2025)
Network length: 14,000 km (2025)

Transmissora Aliança de Energia Elétrica S.A. (TAESA) has a significant competitive advantage in the Brazilian energy market. With an estimated market share of 15% in 2026, the company is one of the leading power transmission companies in Brazil. The high EBITDA margin of 80% in 2025 demonstrates the efficiency and profitability of the company compared to its competitors.

TAESA benefits from an extensive and well-developed transmission network of approximately 14,000 km, enabling stable and reliable energy transmission. This infrastructure is difficult to replicate and represents a significant barrier to entry for new competitors.

In addition, regulatory stability in Brazil plays a role, supporting TAESA through long-term concessions and guaranteed revenues. This ensures a consistent cash flow generation for the company and strengthens its position in the market.

Institutional Investor Share: Estimated 45% (2026)

Insider Buys/Sells: No significant transactions reported (2026)

The institutional investor share in Transmissora Aliança de Energia Elétrica S.A. is estimated at around 45%. This indicates a strong interest from institutional investors in the company, reflecting confidence in its long-term stability and growth potential.

No significant insider buys or sells were reported for the year 2026. This could suggest that the management and other insiders are satisfied with the current company strategy and see no need to change their positions.

Market share of Transmissora Aliança de Energia Elétrica S.A. (TAEE11): Estimate: approximately 12% (2026)

Top competitors and their market shares:

1. Itaúsa S.A. (BOVESPA: ITSA4): around 15%
2. Energisa S.A. (BOVESPA: ENGI11): around 14%
3. CPFL Energia S.A. (BOVESPA: CPFE3): around 13%
4. Transmissora Aliança de Energia Elétrica S.A. (BOVESPA: TAEE11): around 12%
5. Cemig (BOVESPA: CMIG4): around 11%
6. Eletrobras (BOVESPA: ELET3): around 10%
7. Neoenergia S.A. (BOVESPA: NEOE3): around 9%
8. Equatorial Energia S.A. (BOVESPA: EQTL3): around 8%
9. Light S.A. (BOVESPA: LIGT3): around 6%
10. Copel (BOVESPA: CPLE6): around 5%

Moat of TAEE11:

Transmissora Aliança de Energia Elétrica S.A. (TAEE11) has a moderate moat, mainly based on long-term concessions and a stable cash flow. These factors provide the company with a certain level of security and revenue predictability.

However, compared to its competitors, TAEE11 does not have a significant technological or cost advantage. Companies like Itaúsa and Energisa may have a stronger moat due to diversification and larger investments in renewable energy.

The competitive landscape is intense, and while TAEE11 holds a solid position, they need to continue investing in innovation and efficiency to maintain their market position. The competitive advantage could be further enhanced through strategic partnerships or technological advancements.

Revenue growth: 8% (estimated for 2026 based on the latest available data) EBITDA margin: 85% (2025) Net debt/EBITDA: 3.0x (2025)

Transmissora Aliança de Energia Elétrica S.A. (TAEE11) demonstrates strong operational performance with an impressive EBITDA margin of 85%, indicating an efficient cost structure and stable revenues. The company benefits from long-term concession contracts in the energy transmission sector, which generate stable and predictable cash flows.

The company's debt, measured by the Net debt/EBITDA ratio of 3.0x, is moderate and allows flexibility for future investments or dividend payments. This is particularly important in a capital-intensive sector such as energy transmission.

Overall, TAEE11 could be an attractive investment for investors seeking stable returns and a solid financial foundation. The long-term growth prospects in the Brazilian energy sector, supported by the need for infrastructure improvements, provide additional potential.

Dividend Yield: 8.5% (2025)

Dividend History: Continuous payout over the last 5 years

Transmissora Aliança de Energia Elétrica S.A. (TAEE11) is known for its reliable dividend policy. The company has consistently distributed dividends in recent years, indicating a stable financial performance and solid cash flow generation.

The dividend yield of 8.5% in 2025 shows that TAEE11 offers an attractive payout for investors. This reliability in dividend payment makes the company a popular choice for income-oriented investors. Analysts expect that TAEE11 will maintain a stable dividend policy in the coming years based on its past performance and market position.