Quarterly ResultAug 13, 2026, 06:07 AM
SABESP 2Q26 Adjusted EPS R$0.33, down 42%; Net Income R$1.15B
AI Summary
SABESP reported a significant decline in its second-quarter 2026 financial results, with adjusted EPS falling 42% to R$0.33 and adjusted net income decreasing 41.2% to R$1,150 million. This was primarily due to increased operating costs, higher funding costs, lower per capita consumption, and inflationary pressures on treatment supplies. Despite the financial headwinds, the company continued its transformation plan, investing R$3.7 billion in Capex during the quarter, a 3.6% increase year-over-year, focused on universal access and service quality.
Key Highlights
- Adjusted EPS for 2Q26 was R$0.33, a 42% decrease from R$0.57 in 2Q25.
- Adjusted Net Income for 2Q26 totaled R$1,150 million, down 41.2% year-over-year.
- Adjusted EBITDA for 2Q26 was R$3,503 million, a 3.2% decrease year-over-year.
- Adjusted net sanitation revenue increased by 6.7% to R$6,013 million in 2Q26.
- Operating costs and expenses rose 24.5% to R$2,528 million in 2Q26.
- Capital expenditures (Capex) in 2Q26 totaled R$3,731 million, up 3.6% year-over-year.
- Net debt increased to R$34 billion in 2Q26 from R$23 billion in 2Q25.
- The company ended 2Q26 with 8,914 employees, a 3% reduction year-over-year.
Price Impact
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