Rio Alto Energias Renováveis S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was BRL 33.31 million compared to BRL 16.44 million a year ago. Revenue was BRL 33.31 million compared to BRL 16.44 million a year ago.

Net loss was BRL 37.33 million compared to BRL 2.57 million a year ago. Basic loss per share from continuing operations was BRL 0.81157 compared to BRL 0.0558 a year ago. Diluted loss per share from continuing operations was BRL 0.81157 compared to BRL 0.0558 a year ago.