Companhia de Saneamento do Paraná - SANEPAR (SAPR4) Q4 2024 earnings summary

Executive summary

• Net profit for 2024 increased by 8.8% year-over-year, with Q4 net income up 13.2%, and operational results exceeding BRL 1.5 billion.

• Net revenue grew 8.8% for 2024 and 4.7% in Q4, driven by tariff adjustments, higher billed volumes, and increased connections.

• Service coverage reached 100% for water and 81.4% for sewage, supported by new PPPs and robust investment plans.

• Received ANEFAC Transparency Award, ODS 6 Champions Award, and international recognition for ESG and governance.

• EBITDA margin remained strong at 42.9% for 2024.

Financial highlights

• Net revenue for 2024 was BRL 6.85 billion (+8.8% YoY); Q4 net revenue was BRL 1.77 billion (+4.7% YoY).

• Net profit for 2024 was BRL 1,545.3 million (+2.8% YoY); Q4 net profit was BRL 412.9 million (+13.2% YoY).

• EBITDA for 2024 was BRL 2.94 billion (+3.9% YoY); Q4 EBITDA was BRL 760 million (+5.2% YoY).

• Cash generation reached BRL 2.78 billion in 2024, with a 94.5% EBITDA-to-cash conversion rate.

• Net debt at year-end ranged from BRL 4.83 billion to BRL 6.63 billion, leverage stable at 1.6x.

Outlook and guidance

• Targeting universalization of sewage ahead of the 2032 legal deadline, with continued infrastructure investment.

• Ongoing regulatory tariff review expected to conclude by April/May 2025, with tariff repositioning and public consultations.

• Exploring expansion into new markets after achieving universalization in Paraná.

• Forward-looking statements depend on market, regulatory, and economic conditions.