SAO PAULO, Nov 5 (Reuters) - Brazilian power company

Axia Energia on Wednesday reported a net loss in the

third quarter after booking non-cash expenses from its

Eletronuclear stake sale, while also announcing the payment of

dividends for its shareholders.

WHY IT'S IMPORTANT

The results highlight Axia's ongoing restructuring as it

exits the nuclear power sector and streamlines operations, while

maintaining shareholder returns despite the accounting loss. The

company cited strong underlying performance and resilient power

prices supporting its dividend decision.

KEY NUMBERS

Axia's board approved 4.3 billion reais ($795.72 million) in

dividends despite the firm reporting a net loss of 5.45 billion

reais in the July-September period. The adjusted net profit came

at 2.2 billion reais, a 68% year-over-year decline.

The company booked a 7.0 billion reais non-cash expense from

the Eletronuclear sale to the J&F Group. Adjusted earnings

before interest, taxes, depreciation and amortization (EBITDA)

were down 50.8% from a year earlier to 5.9 billion reais.

CONTEXT

Axia, formerly known as Eletrobras, last month sold its

stake in Eletronuclear to Ambar Energia, a local energy company

controlled by the owners of JBS, the world's largest meatpacker,

for 535 million reais.

($1 = 5.4039 reais)