SABESP Reports Financial Results for FY25

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SABESP) reported its financial results for FY25, showing adjusted earnings per share of R$12.37, compared to R$14.02 in FY24. Excluding the effect of a financial asset, FY25 EPS was R$10.90 versus R$6.00 in FY24. The company invested R$4.8 billion in Capex in 4Q25, focusing on universal access, with a total of R$15.2 billion invested in FY25. SABESP added 97,000 net incremental connections compared to FY24. The company reported adjusted earnings of R$3.93 per share in 4Q25, up from R$2.10 in the prior year period. Adjusted EBITDA for FY25 was R$13.2 billion, a 17% increase year-over-year, and Net Income was R$6.3 billion, a 22% increase year-over-year. In 4Q25, the collection rate reached 100.2%, costs declined by 11% year-over-year, and volume grew by 3.0%, resulting in an Adjusted EBITDA of R$3.4 billion and Net Income of R$1.9 billion. The company also reported significant progress in expanding sanitation access, bringing water to 1.8 million people and sewage services to 3.8 million people during the period.