SABESP (ADR)
Supplies treated water and sewage services across hundreds of São Paulo municipalities.
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Profile
Supplies treated water and sewage collection, treatment, and disposal across hundreds of São Paulo municipalities. Revenue is concentrated in the capital, while regulated tariffs, concession obligations, infrastructure delivery, and water availability shape the business.
Supplies treated water and collects, treats, and disposes of sewage for residential, commercial, industrial, and government customers. Management reports these activities as a single sanitation-services segment, while concession accounting also recognizes construction tied to infrastructure upgrades.
Operates across hundreds of municipalities in São Paulo state, with the city of São Paulo contributing roughly half of sanitation-service revenue. Execution centers on running interconnected supply systems and expanding networks across dense urban areas, informal settlements, and varied municipal systems.
Relies on regulated tariffs and a long-dated regional concession that sets accelerated universal-service obligations. Meeting those obligations requires sustained infrastructure delivery under supply-chain, construction-cost, and engineering constraints. Water availability is a separate physical dependency, as drought can require pressure reductions, supply transfers, demand incentives, and emergency reserves.
Company facts
Categories
Key statistics
Year to date +0.3% · Average volume (30d) 9.1M
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | $0.09 | $0.07 | −22.1% | $1.23B | $1.16B | −5.6% | +1.39% |
| May 7, 2026Q1 FY26 | $0.08 | $0.09 | +9.1% | $1.28B | $1.29B | +0.9% | −0.31% |
| Mar 17, 2026Q4 FY25 | $0.09 | $0.10 | +12.3% | $1.09B | $1.08B | −1.3% | −2.26% |
| Nov 10, 2025Q3 FY25 | $0.29 | $0.33 | +14.8% | $1.06B | $1.04B | −2.1% | +1.17% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.62B | $1.72B | $1.81B | $2.02B | $1.88B | $2.01B | |
| Gross profit | $676.3M | $720.2M | $575.2M | $656.5M | $729.0M | $749.4M | |
| Operating income | $546.3M | $636.0M | $495.8M | $634.1M | $639.8M | $609.1M | |
| Net income | $284.7M | $410.3M | $414.7M | $484.0M | $329.7M | $284.3M | |
| Diluted EPS | $0.08 | $0.12 | $0.12 | $0.14 | $0.09 | $0.08 | |
| Gross margin | 41.8% | 41.8% | 31.8% | 32.5% | 38.8% | 37.4% | |
| Operating margin | 33.8% | 36.9% | 27.4% | 31.3% | 34.1% | 30.4% |
Fiscal years (4-quarter sums)FY21 $3.74B · FY22 $4.24B · FY23 $4.91B · FY24 $8.20B · FY25 $7.17B
Balance sheet, Jun 30, 2026Cash & short-term investments $3.35B · Total debt $9.84B · Total assets $22.94B · Shareholders' equity $8.66B
Dividends
Last cut to $0.167 from $0.5299 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Mar 27, 2026 | Mar 27 | May 11 | $0.167 | cut from $0.5299 |
| Dec 29, 2025 | Dec 29 | $0.5299 | cut from $0.6568 | |
| May 2, 2025 | May 2 | May 30 | $0.6568 | raised from $0.2666 |
| Apr 26, 2024 | Apr 29 | Jul 5 | $0.2652 | special dividend |
| May 2, 2023 | May 3 | Jul 6 | $0.2666 | |
| Apr 29, 2022 | May 2 | Jul 7 | $0.1791 | special dividend |
Ownership
Shares outstanding 3.42B · Float 3.42B · 100.0% free float
Insiders — filings are in the shares behind the receipt.
A split settled inside the quarter being compared, so quarter-on-quarter change is not shown.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Impax Asset Management Group PLC | 52.32M | 1.53% | 13F | Aug 11, 2026 |
| BlackRock, Inc. | 29.94M | 0.88% | 13F | Aug 7, 2026 |
| Amundi | 26.10M | 0.76% | 13F | Aug 11, 2026 |
| Royal London Asset Management Ltd | 20.55M | 0.60% | 13F | Aug 13, 2026 |
| Deutsche Bank AG\ | 19.19M | 0.56% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Daniel Szlak | officer: Chief Financial Officer | −7,462 | $5.84 |
| May 21, 2026 | de Sousa Samanta I.S. Tavares | officer: Inst. Rel. & Sustain. Officer | −11,400 | $17.17 |
| May 25, 2026 | de Sousa Roberval Tavares | officer: Engineering Officer | −11,800 | $17.28 |
Peers
Not reported.