Companhia de Saneamento Básico do Estado de São Paulo (SABESP) announced robust financial results for the third quarter of 2024 on November 12, 2024. The company reported a 9.6% year-over-year increase in net revenues, reaching $987 million.
This revenue growth was primarily driven by strategic tariff adjustments and the initial impacts of the company's privatization process on corporate accounting. Concurrently, operating costs saw a 3.1% year-over-year decrease, contributing to enhanced profitability.
SABESP's EBITDA margin improved significantly to 59.9%, and net income surged by 43.7% year-over-year, totaling $201 million. These figures reflect the company's strong operational momentum and the effectiveness of its cost-cutting initiatives.
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