Business · Companies · 10 hrs ago
Copasa reports third-quarter accounting profit down 7% to R$335.7 million
Copasa's third-quarter accounting profit fell 7% to R$335.7 million compared with the same period in 2025.
The Brazilian water and sanitation company reported adjusted profit of R$339.2 million, down 6%.
Revenue rose 9.8% to R$2.03 billion, helped by a tariff increase and higher measured water and sewage volumes.
Adjusted EBITDA, a measure of operating earnings, increased 14% to R$828.4 million.
Higher financing costs weakened the financial result, which was a loss of R$104.7 million, compared with a loss of R$31.9 million a year earlier.
Net debt climbed to R$8.45 billion in September, while investment spending reached R$2.33 billion in the first nine months of 2026; the company said its debt had grown to support its investment plan.
Copasa reported accounting net profit of R$335.7 million in the third quarter of 2026, down 7% from a year earlier.
Adjusted net profit was R$339.2 million, a 6% decline from the same period in 2025.
Adjusted EBITDA rose 14% to R$828.4 million, while net revenue from water, sewage and solid-waste services increased 9.8% to R$2.03 billion.
The company said higher financial expenses, partly linked to increased debt, weighed on its financial result.
Net debt reached R$8.45 billion in September, compared with R$6.06 billion a year earlier.
- Who
- Copasa, a company providing water, sewage and solid-waste services.
- What
- It reported accounting net profit of R$335.7 million for the third quarter of 2026, down 7% year on year.
- When
- The results were for the third quarter of 2026 and were published on November 9, 2026.
- Where
- Not stated.
- Why
- The financial result worsened, with higher financial expenses linked mainly to increased gross debt to support the investment plan.
This story does not have two clearly opposing sides.
A 6.56% average tariff adjustment took effect following the third Periodic Tariff Review.
Copasa's net debt stood at R$8.45 billion.
Copasa completed a R$1.2 billion debenture issuance.
Copasa's third-quarter results were published.
- Accounting net profit
- R$335.7 million, down 7%
- Adjusted net profit
- R$339.2 million, down 6.0%
- Adjusted EBITDA
- R$828.4 million, up 14%
- Net revenue
- R$2.03 billion, up 9.8%
- Net debt in September
- R$8.45 billion, compared with R$6.06 billion a year earlier