Companhia de Saneamento Basico do Estado De Sao Paulo - SABESP

SBS

Equity

ISIN null / Valor 1413348

New York Stock Exchange, Inc (2025-11-19)

USD 25.71+0.86%

Companhia de Saneamento Basico do Estado De Sao Paulo - SABESP
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About company

SABESP is a Brazilian water and sewage company that provides sanitation services in the state of Sao Paulo.

Summarized from source with an LLMView SourceSector: Energy

Adjusted EBITDA Growth

In 3Q24, SABESP’s adjusted EBITDA reached R$ 10,586 million – a strong increase of 343.6% over 3Q23 – with the margin improving to 78.6% compared to 46.6% in the previous year’s quarter. Excluding non-recurring effects and the construction margin, adjusted EBITDA still totaled R$ 2,785 million, marking enhanced operational performance.

Net Income Surge

Net income for 3Q24 soared to R$ 6,111 million, up by 622.2% from R$ 846 million in 3Q23. This dramatic increase reflects both the company’s core operational improvements and the effective management of non-recurring items and financial costs.

Revenue Highlights

The revenue from sanitation services increased by 9.6%, with gross revenue at R$ 6,072 million. Net revenue from these services, after adjustments, reached R$ 5,462 million, buoyed by favorable tariff adjustments and a growth in billed volume by 2.0%.

Privatization and Financial Asset Impact

SABESP introduced a bifurcation model for assets tied to its privatization process. The recording of a financial asset—reflecting the reversible investments—generated an impact of R$ 8,820 million on gross revenue in 3Q24, reinforcing the strategic shifts underway.

Summarized from source with an LLMView Source

Key figures

50.7%1Y

150%3Y

209%5Y

Performance

33.0%1Y

33.0%3Y

37.9%5Y

Volatility