COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP (SBS) Company Report

Companhia de Saneamento Básico do Estado de São Paulo - SABESP has been authorized to apply an average adjustment of 6.5% to the current rates charged to users.
This rate adjustment will be effective as of January 1, 2026.
Based on the company's preliminary review, this adjustment represents an increase of 10.6% in the equilibrium rate.

Dec 2, 2025, 4:54 PM

Sabesp Reports Q3 2025 Adjusted Earnings Growth and Strategic Investments

SBS

Earnings

New Projects/Investments

M&A

Adjusted Earnings Per Share (EPS) for Q3 2025 increased to R$1.88 from R$1.72 in Q3 2024, with adjusted EBITDA rising 14.7% year-over-year to R$3,206 million.
The company reported R$2,159 million in net income for Q3 2025, a decrease from R$6,111 million in Q3 2024, primarily due to the non-recurring financial asset bifurcation which contributed R$5,283 million to net income in 3Q24 and R$92 million in 3Q25.
Sabesp invested R$3,978 million in Q3 2025, a 175% increase from Q3 2024, and R$10,430 million year-to-date, demonstrating a strong focus on universalization targets.
Post-period, the company approved a R$5,000,000 thousand 37th debenture issue and secured Yen 30 billion (approximately R$1.05 billion) in JICA financing, alongside the strategic acquisition of EMAE for R$1,131,460 thousand to enhance water security and electrical assets.

Nov 12, 2025, 11:14 AM

Sabesp Announces Strong Q3 2025 Adjusted Earnings and Record Investments

SBS

Earnings

New Projects/Investments

Layoffs

Sabesp reported adjusted earnings per share of R$1.88 for Q3 2025, an increase from R$1.72 in the same period last year, with adjusted EBITDA growing by 15% year-over-year.
The company made record investments of R$4.0 billion in Q3 2025, contributing to a total of R$10.4 billion in the first nine months of 2025, primarily focused on universalization targets.
Operational expenses (OPEX) decreased by 15% year-over-year to R$2,270 million in Q3 2025, partly due to a 12% reduction in employees compared to the previous year.
Adjusted net sanitation revenue reached R$5,468 million in Q3 2025, representing a 0.1% increase compared to Q3 2024.

Nov 12, 2025, 11:04 AM

Sabesp Reports Strong Q3 2025 Financial Results Amidst Accelerated Investment and Efficiency Gains

SBS

Earnings

New Projects/Investments

Debt Issuance

Sabesp reported strong financial results for Q3 2025, with adjusted EBITDA growing 15% to R$3.2 billion and adjusted net income increasing 9.5% to R$1.2 billion. Cash flow from operations also rose 22% to R$1.7 billion.
The company is accelerating its investment pace, with CapEx reaching R$4 billion in Q3 2025, contributing to a total of R$13.2 billion over the last twelve months. Key initiatives include the installation of 500,000 meters in Q3 and a planned R$6 billion smart metering program through 2029.
Sabesp strengthened its capital structure by issuing R$4.9 billion in new debt in Q3 2025, extending maturities, and holds R$11.6 billion in cash. The company also formalized a 2035 decarbonization roadmap with targets to reduce total combined emissions by 15%.
Operational efficiency improved, with collection efficiency reaching 101%. The company also executed voluntary dismissal plans, accruing R$478 million for severance for approximately 1,800 employees.

Nov 11, 2025, 1:00 PM

SABESP announces acquisition of majority stake in EMAE

SBS

M&A

New Projects/Investments

Companhia de Saneamento Básico do Estado de São Paulo – SABESP has entered into agreements to acquire a 70.1% majority stake in EMAE – Empresa Metropolitana de Águas e Energia S.A..
The aggregate acquisition cost for EMAE is R$1,131,460,783.00.
This strategic acquisition is expected to enhance water security through integrated water resource management and provide power assets with solid cash flow from long-term, inflation-indexed revenue contracts.
The completion of these transactions is contingent on approval from competent regulatory and antitrust authorities.