Business Context and Reporting Period
Company: Companhia Paranaense de Energia (COPEL / Energy Company of Paraná)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date of Filing: November 18, 2025
Reporting Context: Announcement of Interest on Equity (IoE) distribution based on net income for the fiscal year ending December 31, 2025, calculated using financial information as of June 30, 2025.
Key Financial Metrics
- Total IoE Distribution: R$ 1,100,000,000.00 (Gross)
- IoE Per Common Share (ON): R$ 0.37041621069 (Gross)
- Withholding Tax Rate: 15.00% (Pursuant to Brazilian Law 9.249/95)
- Payment Date: January 19, 2026
- Record Date: December 30, 2025
- Ex-Dividend Date: January 2, 2026
Note: The filing does not provide specific values for total revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes and Corporate Actions
- Share Structure Migration: The per-share value reflects the company's migration to the "Novo Mercado" of B3 S.A., resulting in a structure composed exclusively of common shares (excluding special class preferred shares held by the State of Paraná).
- Shareholder Approval: The migration terms were approved by an Extraordinary General Meeting on August 22, 2025, and ratified by a Special Meeting of Preferred Shareholders on November 17, 2025.
- Dividend Allocation: Net IoE amounts (after tax withholding) will be credited toward the minimum mandatory dividends for the fiscal year ending December 31, 2025.
Outlook, Risks, and Contingencies
- Adjustment Risk: The gross value per share is subject to adjustment if holders of preferred shares exercise withdrawal rights due to dissent, abstention, or absence regarding the migration to the Novo Mercado.
- Forward-Looking Statements: The filing includes standard disclaimers that future results may differ materially from current expectations due to economic conditions, industry trends, and operating factors.
- Contingency Disclosure: Any changes to the per-share value resulting from withdrawal rights will be disclosed via a new Notice to Shareholders.
Investor Verification Checklist
- Verify the final per-share IoE amount after the record date to confirm if any adjustments were made due to preferred share withdrawal rights.
- Confirm bank account details with custodian agents prior to the January 19, 2026 payment date.
- Review the full financial statements for the period ending June 30, 2025, to understand the net income basis for this distribution.
- Monitor subsequent filings for the final mandatory dividend declaration for the fiscal year ending December 31, 2025.