Sabesp Powers Ahead: Record-Breaking Earnings and a Bright Future for São Paulo's Water and Sewerage Leader
Sabesp, the leading water and sewerage provider in São Paulo, Brazil, has posted record-breaking earnings in its Q4 2025 results. According to Daniel Szlak, CFO of Sabesp, the company's operational KPIs remain solid, with water production totaling 789 million cubic meters in the quarter, and customer base expansion continuing apace.
The number of water connections reached approximately 9.5 million, increasing 0.4% year-over-year, while sewage connections grew 0.8%, reaching 8.3 million. These numbers reflect the advance of Sabesp's investment program and the expansion of sewage infrastructure across its concession area, improving the standard of living for São Paulo's population.
In terms of financial highlights, Sabesp's results demonstrate the operational and financial improvements achieved since the company's transformation began. Adjusted net revenue reached BRL 5.7 billion, growing 2.1% year-over-year, while adjusted EBITDA totaled BRL 3.4 billion, representing a 13% growth versus a year ago. Cash generation was particularly strong, with cash flow from operations reaching BRL 3 billion, a 24% increase.
Looking at the full year for 2025, Sabesp's transformation becomes even clearer. Adjusted net revenue totaled BRL 22.2 billion, representing a 2.2% growth versus 2024. However, the key highlight is profitability. Adjusted EBITDA reached BRL 13.2 billion, growing 17% year-over-year, with margins expanding to 60%. Adjusted net income reached BRL 6.3 billion, representing a 22% growth, reflecting both operational improvements and stronger financial discipline.
"Sabesp's record-breaking earnings reflect our continued commitment to investing in the water and sewerage infrastructure of São Paulo," said Carlos Piani, CEO of Sabesp. "Our focus on operational efficiency and customer satisfaction has driven significant growth in revenue and profitability."
Sabesp's strong cash generation capabilities have enabled the company to fund its investment program while maintaining a fortress-like balance sheet. As Daniel Szlak noted, "Our ability to generate high-quality earnings allows us to invest in our customers and communities, while also delivering value to shareholders."
The Q4 2025 results demonstrate Sabesp's position as a leader in the water and sewerage sector in São Paulo. With a strong track record of operational and financial performance, the company is well-positioned for continued growth and success in the future.
