Companhia De Saneamento Basico SEC Filings

Companhia de Saneamento Básico do Estado de São Paulo (Sabesp) delivered a materially stronger quarter driven by tariff carryover, volume growth and improved efficiency. Revenue rose as construction activity expanded, producing consolidated net revenue of R$17,391 million year-to-date and R$8,965 million in the quarter. Reported net income for the quarter was R$2,136 million (EPS R$3.12), up from R$1,209 million (EPS R$1.77) a year earlier, and YTD net income reached R$3,618 million. Operating cash generation remained robust (net cash from operating activities ~R$4.28 billion), and cash and equivalents increased to R$4.561 billion. Investment accelerated sharply: R$3.601 billion in 2Q25 and R$6.452 billion in 1H25, supporting universalization and adding new connections. Balance sheet shows higher borrowings of R$31.28 billion and net debt of ~R$23.36 billion, with reported leverage of 37%. The company reported a R$104.3 million after-tax loss in OCI from hedges.

Sabesp reported strong quarterly results, with consolidated EPS of R$3.12 versus R$1.77 a year earlier, driven by higher tariffs, increased billed volume and lower operating costs. Net income rose to R$2,136 million (up 76.6%), EBITDA reached R$3,890 million (up 29.4%), and operating improvements included reductions in general and administrative expenses and a leaner workforce.

The company accelerated investments to R$3.6 billion in the quarter (R$6.45 billion YTD), added 161,000 connections versus 2Q24 and reported expanded access since privatization (over 1.3 million people with water access and 1.4 million with sewage treatment). Cash at period end was R$4,561 million and operating free cash flow was R$4,142,674 (R$ '000), while total assets increased to R$88,719,931 and total liabilities were R$48,275,810.