• SABESP released transcript of its 1Q26 earnings presentation attended by CEO Carlos Piani, CFO Daniel Szlak, and IR Director Thiago Levy.
• Adjusted net revenue rose 11% to R$ 6 billion; adjusted EBITDA climbed 26% to R$ 3.8 billion, lifting margin to 62.9%; adjusted net income increased 32% to R$ 1.5 billion.
• CapEx reached R$ 3.7 billion in quarter, up 31% year over year; management flagged CapEx typically accelerates through year, with roughly two-thirds expected to be activated annually in early years of cycle.
• Net debt ended March at R$ 32.5 billion; cash totaled R$ 19.2 billion; net-debt/adjusted EBITDA stood at 2.4x, with 64% of debt maturing in 2031 or later.
• Management confirmed it will participate in Copasa process; it expects ARSESP approval of large-user discount policy proposal within quarter with impact in second half; social-tariff growth seen shifting to more organic pace after eligibility-rule changes stabilized.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SABESP - Companhia de Saneamento Básico do Estado de São Paulo published the original content used to generate this news brief on May 08, 2026, and is solely responsible for the information contained therein.