)
Visual
earnings real time
SABESP (SBSP3) investor relations material
SABESP Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary11 Nov, 2025
Executive summary
Water production rose 4.4% year-over-year to 809 million m³, with active connections up 0.6% and sewage connections up 1.1%, reflecting post-privatization investment focus and operational improvements.
Adjusted EPS rose to R$1.88 in 3Q25 from R$1.72 in 3Q24, while reported EPS dropped to R$3.16 from R$8.94 due to prior year non-recurring financial asset bifurcation impacts.
Strategic transformation advanced, with CapEx reaching R$4.0 billion in the quarter and a R$39 billion work backlog contracted through 2029.
Major progress on regulatory and commercial fronts, including resolution of legacy discount disputes and launch of zero-based budgeting.
Operational efficiency improved, with reductions in general and administrative expenses, power consumption, and workforce.
Financial highlights
Adjusted net revenue was R$5,468 million, up 0.1% year-over-year; adjusted EBITDA grew 15% to R$3,206 million (59% margin); adjusted net income reached R$1,284 million, up 9.5% year-over-year.
Cash flow from operations increased 22% year-over-year to R$1.7 billion; net cash from operating activities was R$3.17 billion in 3Q25.
One-time gains included R$1.9 billion from court-ordered payments, with R$430 million impacting EBITDA.
CapEx accelerated 175% year-over-year to R$4.0 billion in 3Q25, with R$10.4 billion YTD (+151% YoY).
Reported net income declined 64.7% year-over-year due to non-recurring items and asset bifurcation.
Outlook and guidance
Universalization targets are on track, with only 3% remaining to meet the 95% sewage treatment threshold and significant progress in potable water and sewage connections.
Smart metering rollout to install 4.4 million IoT meters by 2029, with 1 million installed in 9M25.
Water system resilience projects to add 22 m³/s capacity by 2030, with R$6.3 billion CapEx planned.
Decarbonization roadmap targets 15% total emissions reduction and 41% cut in emission intensity by 2035.
CapEx backlog of R$39 billion through 2029, with continued focus on universalization and efficiency.
Future EPS comparability post-financial asset bifurcation?
Expected financial returns from universalization CAPEX?
Mitigating revenue impact from subsidized customer mix?
Smart metering: expected benefits and timeline
Social tariff revenue recovery mechanism
M&A focus: balancing universalization and new deals
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next SABESP earnings date
Q4 202517 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
SABESP provides water supply and sewage services to residential, commercial, and industrial customers in the State of São Paulo. Its operations include water treatment, distribution, sewage collection, and wastewater treatment. The company is headquartered in São Paulo, Brazil, and its shares are listed on the B3.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage