Companhia de Saneamento do Paraná - SANEPAR (SAPR11) Earnings Call Transcripts

Companhia de Saneamento do Paraná - SANEPAR's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Companhia de Saneamento do Paraná (SANEPAR) reported a net revenue of BRL 1.46 billion, reflecting a 7.8% increase year-over-year. The company achieved a significant reduction in net debt, down nearly 60% to BRL 1.921 billion, resulting in a conservative leverage ratio of 0.7x. Management maintained a positive outlook, emphasizing ongoing investments and operational efficiency despite challenges related to court orders and electricity costs.

Reported metrics

Guidance from management

Management maintained a positive outlook for the year, emphasizing ongoing investments and operational efficiency. They expect to continue their growth trajectory despite external pressures, particularly related to electricity costs.

What management said

Thank you, Pedroiquo. Good morning, everyone. We are here -- we have our CEO, Wilson Bley, our investment investor Lucia and accountant Director of Costa. So to start this presentation, I hand it over to our President, our CEO.

Thank you, Aldo, for your question. Yes, we record that in the first quarter of 2025 of the original Precatórios, and we have updated both the regulatory liability with 75% and the 25% of the company every quarter, yes. So the 75%, which goes to an amortization of tariffs, it's goes for amortization. And the last, the difference is recorded in the results in favor of the company, which is basically the 25%.

What analysts pressed on

Analysts expressed concerns regarding the predictability of judicial provisions and the impact of rising electricity costs on future profitability. There were also questions about the company's ability to manage the implications of ongoing court order payments.

Main topics on the call

• Revenue Growth — SANEPAR's net revenue increased by 7.8% year-over-year, reaching BRL 1.46 billion, driven by tariff adjustments and new connections. Management noted, "the increase of connections, bringing more revenue to the company."
• Debt Reduction — The company reduced its net debt by nearly 60% to BRL 1.921 billion, achieving a leverage ratio of 0.7x. This is a significant improvement from 1.5x in the prior year, indicating strong financial health.
• CapEx Investment — CapEx for the quarter was BRL 588 million, representing a 20.8% increase compared to the same period last year. This reflects SANEPAR's commitment to expanding its infrastructure and services.
• Operational Efficiency — The company reported a default rate of 2.5%, slightly improved from 2.8% in the previous year. Management stated, "We are in line with what is necessary to keep the indicators reasonable," indicating effective credit man...

Read the full Companhia de Saneamento do Paraná - SANEPAR transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 2 Companhia de Saneamento do Paraná - SANEPAR earnings call transcripts on record, spanning February 27, 2026 to May 15, 2026. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SAPR11

Exchange

BOVESPA

Country

BR

Sector

Utilities

Industry

Water Utilities

Calls on record

2

First call

February 27, 2026

Most recent

May 15, 2026