ISA CTEEP delivers data for the third quarter of 2023.
Debt:
The Company's gross debt reached the amount of R$9,073.8 million on September 30, 2023, an increase of R$1,032.1 million (+12.8%) in relation to the balance on December 31, 2022, and an increase 11.7% compared to the previous quarter. This increase is mainly due to new funding to cover the recovery of the Company's cash and investments.
Investment
ISA CTEEP , its controlled companies invested R$528.4 million in 3Q23, an increase of R$57.5 million compared to 3Q22 (+12.2%). The variation is explained by the investment of R$307.1 million in reinforcements and improvements, a record investment volume in this type of operation in a single quarter.
Profitability
The company presented a regulatory EBITDA of 876 million this quarter compared to R$743 million in the 3Q of 2022. An increase of more than 17%.
The regulatory profit for the quarter is R$475 million compared to the profit of R$386 million in the 3rd quarter of 202. The IFRS profit for the quarter is R$470 million.
The regulatory net profit accumulated in the year also registered growth of 81.7%, rising from R$573.3 to R$1,041.7 million, an increase of R$468.4 million
What is the difference between IFRS and Regulatory profit?
In IFRS , revenues, which refer to investments made throughout the concession, are recorded with the recognition of the infrastructure implementation margin and determination of the discount rate of the contractual asset; There is also income from the remuneration of contract assets, which is the recomposition of the value receivable at the discount rate over time. In regulatory terms, revenue reflects the Allowed Annual Revenue (RAP) recorded according to revenue, during the concession period.