Quarterly ResultMay 8, 2026, 07:31 AM
Sabesp 1Q26 Adjusted EPS R$0.44; Capex R$3.7B, up 31%
AI Summary
Companhia de Saneamento Básico do Estado de São Paulo (Sabesp) reported strong first-quarter 2026 results, with adjusted earnings per share increasing to R$0.44 from R$0.34 year-over-year. The company achieved significant financial growth, with adjusted EBITDA up 26% to R$3.8 billion and adjusted net income rising 32% to R$1.6 billion. Sabesp also boosted its capital expenditures by 31% to R$3.7 billion, primarily targeting universal access and service quality improvements, while simultaneously achieving efficiency gains through headcount reduction and power optimization.
Key Highlights
- Adjusted EPS rose to R$0.44 in 1Q26, a 29.4% increase from R$0.34 in 1Q25.
- Adjusted Net Income grew 32.2% to R$1.6 billion in 1Q26 from R$1.176 billion in 1Q25.
- Adjusted EBITDA increased 25.9% to R$3.8 billion in 1Q26 compared to R$3.008 billion in 1Q25.
- Capital expenditures (Capex) totaled R$3.7 billion in 1Q26, a 30.8% increase year-over-year.
- Adjusted Net Sanitation Revenue increased 10.9% to R$6,021 million in 1Q26.
- Operating expenses (OPEX) decreased by 7.7% (R$188 million) due to efficiency gains.
- Personnel expenses saved R$170 million, reflecting a 13% reduction in average headcount.
- Water Capex increased 102.0% to R$1,243 million in 1Q26.