SABESP publishes third-quarter 2026 earnings call transcript
SBS•SABESP reported adjusted EBITDA up 14% to BRL 3.6 billion, with a 61.2% margin, while net income fell to BRL 1.4 billion from BRL 2.2 billion a year earlier. It maintained annual capital spending guidance of BRL 18 billion–20 billion, with spending more likely near the lower end.
1. Quarterly results and outlook
At its third-quarter 2026 earnings call, SABESP management maintained annual capital spending guidance of BRL 18 billion–20 billion, saying spending was more likely to be near the lower end. Adjusted EBITDA rose 14% to BRL 3.6 billion and its margin expanded to 61.2%, while reported net income fell to BRL 1.4 billion from BRL 2.2 billion, primarily reflecting weaker net financial results. CFO Daniel Szlak expects lower funding requirements in 2027, citing smaller debt amortizations and higher tariffs, and said domestic markets are the preferred financing source.
