SBS on NYSE

Sabesp

Logo: Nabih Mitaini, Public domain, via Wikimedia Commons5

Brazilian sanitation company

Sabesp is a Brazilian water and waste management company headquartered in São Paulo. It provides water and sewage services to residential, commercial and industrial users in São Paulo and in 363 of the 645 municipalities in São Paulo State, typically under 30-year concession contracts. It provides water to 26.7 million customers, or 60% of the population of the state.3 Its shares trade on NYSE under the symbol SBS.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

1973Founded1

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  • TickerSBS on NYSE1
  • Industrywater supply1
  • HeadquartersSão Paulo1
  • Websitewww.sabesp.com.br
  • Legal formS.A.1
  • Listed onNew York Stock Exchange (sbs), São Paulo Stock Exchange (SBSP3)1
  • Incorporated inBrazil6
  • Business addressRua Costa Carvalho, 300, Sao Paulo, Sp6
  • Filer categoryLarge accelerated filer6
  • LEI254900UOXRZRS2TNWP194
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressCosta Carvalho Street, 300, 05429-000 Sao Paulo, Brazil4
  • Registered withJUCESP Board of Trade of State of Sao Paulo, 43.776.517/0001-804

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Sabesp is a Brazilian water and waste management company headquartered in São Paulo. It provides water and sewage services to residential, commercial and industrial users in São Paulo and in 363 of the 645 municipalities in São Paulo State, typically under 30-year concession contracts. It provides water to 26.7 million customers, or 60% of the population of the state. It is the largest water and waste management company in Latin América. It provides basic sanitation services, which include all phases (abstraction, treatment, processing, distribution) and the collection, treatment and reuse of sewage. The São Paulo Metropolitan Region and the Regional Systems accounted for 74.5% and 25.5% of the sales and services rendered during the year ended December 31, 2004 respectively. Sabesp also supplies water on a bulk basis to municipalities in the São Paulo Metropolitan Area, in which it does not operate water systems to local operators.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2024

54.1%Gross margin8
26.5%Net margin8
41.3%Revenue growth, 20248
25.9%Return on equity8
0.60×Debt to equity8
7.3B BRLFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue46¢16.6B BRL
  • Other costs16¢6.0B BRL
  • Interest7¢2.7B BRL
  • Income tax4¢1.3B BRL
  • Profit27¢9.6B BRL

Out of 36.1B BRL in revenue.8

Where each dollar of operating cash went, fiscal 2024

  • Capital spending1¢100.7M BRL
  • Dividends paid13¢928.9M BRL
  • Kept or used elsewhere86¢6.4B BRL

Out of 7.4B BRL of cash from operations.8

Financial statements

Revenue9101112836.1B BRL in 2024+125% since 2018
010.0B BRL20.0B BRL30.0B BRL40.0B BRL2018: 16.1B BRL16.1B BRL20182019: 18.0B BRL18.0B BRL2019+12%2020: 17.8B BRL17.8B BRL2020−1%2021: 19.5B BRL19.5B BRL2021+10%2022: 22.1B BRL22.1B BRL2022+13%2023: 25.6B BRL25.6B BRL2023+16%2024: 36.1B BRL36.1B BRL2024+41%
Gross profit9101112819.5B BRL in 2024+179% since 2018
05.0B BRL10.0B BRL15.0B BRL20.0B BRL2018: 7.0B BRL7.0B BRL20182019: 7.8B BRL7.8B BRL2019+12%2020: 6.6B BRL6.6B BRL2020−16%2021: 6.7B BRL6.7B BRL2021+1%2022: 7.7B BRL7.7B BRL2022+15%2023: 9.5B BRL9.5B BRL2023+24%2024: 19.5B BRL19.5B BRL2024+105%
Net income910111289.6B BRL in 2024+238% since 2018
02.5B BRL5.0B BRL7.5B BRL10.0B BRL2018: 2.8B BRL2.8B BRL20182019: 3.4B BRL3.4B BRL2019+19%2020: 973.3M BRL973.3M BRL2020−71%2021: 2.3B BRL2.3B BRL2021+137%2022: 3.1B BRL3.1B BRL2022+35%2023: 3.5B BRL3.5B BRL2023+13%2024: 9.6B BRL9.6B BRL2024+172%

Every line of the income statement as filed: the last 3 fiscal years, latest first.13

Period ending2025-12-312024-12-312023-12-31
Operating revenue38.1B BRL36.1B BRL25.6B BRL
Operating costs-24.0B BRL-16.6B BRL-16.1B BRL
Gross profit14.1B BRL19.5B BRL9.5B BRL
Selling expenses-743.3M BRL-917.6M BRL-984.1M BRL
Allowance for doubtful accounts-62.1M BRL-557.8M BRL-652.9M BRL
Administrative expenses-1.0B BRL-2.3B BRL-1.6B BRL
Other operating income (expenses), net274.7M BRL-280.4M BRL27.9M BRL
Equity accounting48.2M BRL35.3M BRL32.4M BRL
Profit from operations before financial income (expenses)12.6B BRL15.5B BRL6.3B BRL
Financial income/(expenses), net-897.8M BRL-1.9B BRL-1.6B BRL
Profit before income tax and social contribution11.7B BRL13.6B BRL4.8B BRL
Current-2.7B BRL-1.3B BRL-1.5B BRL
Deferred-497.6M BRL-2.8B BRL315.2M BRL
Total Income tax and social contribution-3.2B BRL-4.1B BRL-1.2B BRL
Profit for the year8.5B BRL9.6B BRL3.5B BRL
Earnings per share - basic (in reais)2.48 BRL2.80 BRL1.03 BRL
Earnings per share - diluted (in reais)2.47 BRL2.80 BRL1.03 BRL

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Corporate structure

Sabesp sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sabesp

  • BlackRock Filed SCHEDULE 13G/A on Sabesp, latest Apr 24, 2026 (3 filings since Oct 22, 2024)
  • Paulo State Of Sao Filed SC 13D on Sabesp, latest Aug 5, 2024
  • Equatorial Participations & Investments IV S.A. Filed SC 13D on Sabesp, latest Jul 29, 2024

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sabesp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net561.5M BRL8 Dec 31, 2024474.6M BRL8 Dec 31, 2023+18.3%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net46.6M BRL8 Dec 31, 202446.7M BRL8 Dec 31, 2023−0.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents1.7B BRL8 Dec 31, 2024838.5M BRL8 Dec 31, 2023+100.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)44.8B BRL8 Dec 31, 202444.0B BRL8 Dec 31, 2023+1.7%

Inventory

ItemLatestA year beforeChange
Inventory, total10.8M BRL8 Dec 31, 202486.0M BRL8 Dec 31, 2023−87.4%

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

Leadership

Who has led Sabesp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Piani Carlos Augusto Leone2026–now

Chief financial officer

  1. Daniel Szlak2026–now
19801990200020102020
Board members and other officers (17)

Products and brands

  • water

Listed on Wikidata.1

Subsidiaries and ownership

Owners

  • São Paulo State Government

Subsidiaries

From Wikidata.1

Acquisitions

  1. Jan 22, 2026Acquired Empresa Metropolitana de Águas e Energia1

Timeline

  1. Mar 19, 2026New chief executive Piani Carlos Augusto Leone becomes CEO15
  2. Sep 28, 2021Went public Listed on São Paulo Stock Exchange1
  3. 1973Founded Founded1

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.07 a share, on Nov 10, 2025.34

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

374 filings to the SEC since October 2021: 6 annual reports, 36 insider forms, 5 large holders, 327 other. The latest 20:

  1. Oct 9, 20266-K EDGAR
  2. Oct 2, 20266-K EDGAR
  3. Sep 23, 20266-K EDGAR
  4. Sep 18, 20266-K EDGAR
  5. Aug 14, 20266-K EDGAR
  6. Aug 13, 20266-K EDGAR
  7. Jul 31, 20266-K EDGAR
  8. Jun 30, 20266-K EDGAR
  9. Jun 17, 20264/A EDGAR
  10. Jun 17, 20264/A EDGAR
  11. Jun 17, 20264/A EDGAR
  12. Jun 16, 20264 EDGAR
  13. Jun 16, 20266-K EDGAR
  14. May 29, 20264 EDGAR
  15. May 27, 20264 EDGAR
  16. May 15, 20264 EDGAR
  17. May 15, 20264 EDGAR
  18. May 15, 20264 EDGAR
  19. May 15, 20264 EDGAR
  20. May 15, 20264 EDGAR

The 374 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 0 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 15, 2026Szlak DanielChief Financial OfficerSale7,381$5.59$41.3KForm 4
Jun 15, 2026Szlak DanielChief Financial OfficerSale7,381$28.30$208.9KForm 4
May 25, 2026Tavares de Sousa RobervalEngineering OfficerSale5,900$5.74$33.9KForm 4
May 25, 2026Tavares de Sousa RobervalEngineering OfficerSale5,900$28.81$170.0KForm 4
May 21, 2026Tavares de Sousa Samanta I.S.Inst. Rel. & Sustain. OfficerSale5,700$5.72$32.6KForm 4
May 21, 2026Tavares de Sousa Samanta I.S.Inst. Rel. & Sustain. OfficerSale5,700$28.61$163.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Impax Asset Management Group plc52,324,409$302.4M2.0%+45,582,049
BlackRock, Inc.29,944,581$173.1M0.0%+23,851,957
Amundi26,095,862$150.9M0.0%+20,847,422
Royal London Asset Management Ltd20,552,459$118.8M0.2%+17,895,927
Deutsche Bank Ag\19,192,518$110.9M0.0%+15,489,173
Wcm Investment Management, LLC15,916,320$92.5M0.2%+13,717,333
Wellington Management Group Llp12,283,156$71.0M0.0%+10,224,377
Letko, Brosseau & Associates Inc12,114,373$70.0M1.0%+9,765,804
UBS Group AG12,048,286$69.6M0.0%+10,614,237
Mackenzie Financial Corp11,033,555$63.8M0.1%+8,866,226
Morgan Stanley9,856,486$57.0M0.0%+7,977,024
Vanguard Capital Management LLC9,388,520$54.3M0.0%+7,510,816
American Century Companies Inc8,521,961$49.3M0.0%+6,795,375
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC7,855,000$45.4M0.0%+6,273,638
Renaissance Technologies LLC7,547,490$43.6M0.1%+5,816,792
Northern Trust Corp7,390,131$42.7M0.0%+5,784,495
Duff & Phelps Investment Management Co6,400,937$37.0M0.3%+4,953,752
Perpetual Ltd6,323,632$36.6M0.5%+5,059,322
Assetmark, Inc6,072,960$35.1M0.1%+4,981,091
Alliancebernstein L.P.1,123,645$34.3M0.0%+712,128
Strs Ohio5,711,948$33.0M0.1%+4,481,567
Legal & General Group Plc5,062,447$29.3M0.0%+4,081,113
Allianz Asset Management GmbH952,386$29.1M0.0%No change
Itau Unibanco Holding S.A.4,381,272$25.0M0.5%+3,748,079
First Trust Advisors LP4,085,378$23.6M0.0%+3,255,102

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Sabesp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCOMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP2
  • CIK0001170858
  • Filer statusLarge accelerated filer not an emerging growth company; a shell company38
  • Incorporated inD538
  • Fiscal year endsDecember 312
  • Industry code (SIC)4941 Water Supply2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business addressRua Costa Carvalho, 300, Sao Paulo, Sp, Brazil2
  • Phone55-11-3388-81102
  • Shares outstanding700,219,438 shares as of Dec 31, 202538
  • AuditorErnst & Young Auditores Independentes S/S Ltda., São Paulo, Brazil PCAOB ID 1448; it also attests to the company’s internal control over financial reporting38
  • On EDGAR sinceApr 8, 20022
  • Filings1,265 in all: 6-K (1,134), 20-F (24), 3 (20), 4 (13), 6-K/A (13), UPLOAD (10), CORRESP (8), NT 20-F (8)2
    All 27 form types

    SC 13G (5), 20-F/A (4), F-1/A (4), 4/A (3), 424B3 (2), F-3/A (2), SC 13D (2), SCHEDULE 13G/A (2), 424B1 (1), 424B2 (1), 424B4 (1), 424B5 (1), 8-A12B (1), EFFECT (1), F-1 (1), F-3 (1), F-3ASR (1), F-6 (1), NT 20-F/A (1)

  • Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary SharesSBSNew York Stock Exchange

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).38

Sources

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