Ownership Structure

Last update 30/09/2026 # of Shares %
Government of the State of São Paulo(1) 634,441,316 18.0%
Equatorial 528,680,093 15.0%
Treasury Stock 17,817,184 0.5%
Executive Officers 99,003 0.0%
Subtotal 1,180,938,593 33.4%
Other Shareholders(2) 2,353,470,689 66.6%
Total 3,534,409,282 100.0%

Notes:

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

(2) This includes 350,862,125 ADRs, which represent approximately 9.93% of the total shares outstanding.