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MARKETS / NYSE / SBS
NYSE · WATER SUPPLY · LARGE CAP

Companhia de Saneamento Basico do Estado de SAO Paulo-sabesp SBS

10 fiscal years on record · BRL · FY2024 reported · SEC filings only
4 YEARS OF DIVIDEND GROWTH
BRL 36.1B
▲ 41.3% YoY
BRL 9.6B
▲ 171.9% YoY
BRL 7.3B
▲ 55.2% YoY
In brief

What this company does

Sabesp provides water and sewage services to residential, commercial, industrial and governmental customers in 375 of the 645 municipalities in the State of São Paulo, including the city of São Paulo, under concession agreements. Of those municipalities, 371 are covered by the URAE 1 concession, which runs until 2060. It supplied water services to approximately 29.9 million people and sewage services to approximately 27.0 million people in the State of São Paulo. For the year ended December 31, 2025, it produced approximately 3,227.3 million cubic meters of water. The company operates 214 water treatment facilities and 690 simplified water treatment facilities, and all water is treated before being distributed through its water supply network. It also operates 641 sewage treatment facilities, including eight ocean outfalls, with an installed capacity of approximately 61.4 cubic meters of sewage per second. In the year ended December 31, 2025, it installed 197.3 thousand new sewage connections.

Written from the business description in COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP's annual report to the U.S. Securities and Exchange Commission, filed 29 April 2026. Every sentence was checked against that document before publication.

Growth
BRL 36.1B
Revenue, FY2024 · full 10-year series below
Revenue BRL B Net income BRL B
FY2024 · Revenue 36.1 · Net income 9.6
20B2015201620172018201920202021202220232024
Compound annual growth
+22.9%
+15.0%
+60.8%
+23.3%
+19.3%
+54.0%
+4.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.0% a year over five years — but profit grew faster: net income at +23.3%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
27 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Net 26.5%
10%20%2015201620172018201920202021202220232024
ROE

Not available in our data for this period.

Cash & shareholders
BRL 928.9M
returned in FY2024 · dividends + net buybacks
Free cash flow BRL B
FY2024 · FCF 7.3
2.5B5.0B2015201620172018201920202021202220232024
Net buybacks BRL M Dividends BRL M
FY2024 · Dividends 928.9 · Net buybacks —
400M800M2015201620172018201920202021202220232024

BRL 928.9M in dividends — 10% of the year's profit went back to shareholders.

Total assetsBRL 81.0B
CashBRL 1.7B
Gross debtBRL 25.3B
Net debtBRL 23.6B
Current ratio0.89×

Not available: we don't have the shareholders' equity figure for this period.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · BRL
row low → row highnegative
Metric 2024202320222021202020192018201720162015
Revenue BRL B36.125.622.119.517.818.016.114.614.111.7
Operating income BRL B··········
EBITDA BRL B··········
Income tax BRL B−1.3−1.5−1.2−1.0−0.5−1.2−0.9−0.9−1.1−0.0
Net income BRL B9.63.53.12.31.03.42.82.52.90.5
Free cash flow BRL B7.34.73.93.94.94.13.83.33.02.6
EPS, diluted BRL 14.025.164.57·······
Dividend / sh BRL 3.331.44··0.401.381.161.031.20·
Payout %1023191191222330538
ROE %··········

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 3 failures in 38 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente3 failures
ActivityWater Supply
Listed onNYSE
Incorporated inoutside the United States — SEC code D5
Fiscal year endsDecember 31
Data on record since2015

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