Ownership Structure

Last update 31/07/2026 # of Shares %
Government of the State of São Paulo(1) 634,441,316 18.0%
Equatorial 528,680,093 15.0%
Treasury Stock 17,703,549 0.5%
Executive Officers 105,022 0.0%
Subtotal 1,180,929,980 33.5%
Other Shareholders(2) 2,343,604,046 66.5%
Total 3,524,534,026 100.0%

Notes:

(1)Includes 1 PN share (“Golden Share”)

(2) This includes 356,008,694 ADRs, which represent approximately 10.1% of the total shares outstanding.