SABESP(US:SBS)2025-11-11 12:00Financial Performance - Adjusted net revenue increased slightly by 0.1% from R$5462 million in 3Q24 to R$5468 million in 3Q25[15, 21, 32] - Adjusted EBITDA increased by 14.7% from R$2794 million in 3Q24 to R$3206 million in 3Q25[15, 33, 34] - Adjusted net income increased by 9.5% from R$1173 million in 3Q24 to R$1284 million in 3Q25[15, 110] - Cash flow from operations increased by 21.9% from R$1413 million in 3Q24 to R$1723 million in 3Q25[15] - Cash conversion rate increased from 50.6% in 3Q24 to 53.7% in 3Q25[15] Operational Highlights - Water production volume increased by 4.4% from 775.101 million m³ in 3Q24 to 808.878 million m³ in 3Q25[10] - Water connections increased by 0.6% from 9450 thousand in 3Q24 to 9509 thousand in 3Q25[12] - Sewage connections increased by 1.1% from 8156 thousand in 3Q24 to 8245 thousand in 3Q25[13] Capital Expenditure (CAPEX) - Total CAPEX year-to-date reached R$10430 million[48, 117] - CAPEX for water projects in 3Q25 was R$1155 million, while sewage projects reached R$2823 million[48] - The company has contractual obligations up to 2029, with investments reaching R$38564 million[118, 119] Debt and Ratios - The company issued R$4.9 billion in debt in July, with maturities in 5, 7, and 10 years[62] - 59% of the company's debt matures in 2030 onwards[61, 62] - The company's cash position as of 3Q25 was R$11.6 billion[61, 62]