Quarterly ResultMay 8, 2026, 07:31 AM
Sabesp 1Q26 Adjusted EPS R$0.44; Adj. EBITDA R$3.8B (+26%)
AI Summary
Sabesp reported strong financial results for the first quarter of 2026, with adjusted earnings per share rising to R$0.44 from R$0.34 in the prior year. The company saw its Adjusted EBITDA increase by 26% to R$3.8 billion and Adjusted Net Income grow by 32% to R$1.6 billion. These improvements were supported by a 31% increase in Capex to R$3.7 billion, aimed at expanding operational capacity and achieving universalization targets, alongside efficiency gains and volume growth from new connections.
Key Highlights
- Adjusted EPS for 1Q26 was R$0.44, up from R$0.34 in 1Q25.
- Adjusted EBITDA increased 26% year-over-year to R$3.8 billion in 1Q26.
- Adjusted Net Income grew 32% year-over-year to R$1.6 billion in 1Q26.
- Capex totaled R$3.7 billion in 1Q26, a 31% increase year-over-year.
- Consolidated Net Revenue reached R$9.965 billion in 1Q26, an 18.3% increase from R$8.426 billion in 1Q25.
- Consolidated Profit for the period was R$1.749 billion in 1Q26, up 18.0% from R$1.482 billion in 1Q25.
- The company achieved strong efficiency gains through reduced G&A, headcount, and power optimization.
- Sabesp consistently outperformed U-Factor benchmarks for water supply (87%), sewage collection (77%), and sewage treatment (71%).
Price Impact
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