Copasa (B3: CSMG3) stock: the official figures
Copasa (Companhia de Saneamento de Minas Gerais) is listed on B3, the São Paulo stock exchange, under the ticker CSMG3. In fiscal 2025 it reported revenue of BRL 8,330m and a net profit of BRL 1,416m, according to the annual accounts it filed with the regulator.
Identifiers for Copasa: CNPJ 17.281.106/0001-03.
Fiscal 2025 figures
| Item | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | BRL 8,330m | BRL 7,878m | +5.7% |
| Operating profit | BRL 2,007m | BRL 1,995m | +0.6% |
| Net profit | BRL 1,416m | BRL 1,317m | +7.5% |
| Operating margin | 24.1% | 25.3% | −1.2 pts |
| Net margin | 17.0% | 16.7% | +0.3 pts |
| Total assets | BRL 17,737m | BRL 15,512m | +14.3% |
| Equity | BRL 8,578m | BRL 8,048m | +6.6% |
| Cash | BRL 503.7m | BRL 642.1m | −21.6% |
| Operating cash flow | BRL 2,332m | BRL 2,051m | +13.7% |
Margins are calculated from the filed figures: operating profit and net profit over revenue.
10 fiscal years
| Fiscal year | Revenue | Operating profit | Net profit | Document |
|---|---|---|---|---|
| 2025 | BRL 8,330m | BRL 2,007m | BRL 1,416m | Annual report |
| 2024 | BRL 7,878m | BRL 1,995m | BRL 1,317m | Annual report |
| 2023 | BRL 7,404m | BRL 1,789m | BRL 1,379m | Annual report |
| 2022 | BRL 6,177m | BRL 1,252m | BRL 843.4m | Annual report |
| 2021 | BRL 5,895m | BRL 846.8m | BRL 537.6m | Annual report |
| 2020 | BRL 5,343m | BRL 1,280m | BRL 816.5m | Annual report |
| 2019 | BRL 5,157m | BRL 1,155m | BRL 754.4m | Annual report |
| 2018 | BRL 4,737m | BRL 922.5m | BRL 578.7m | Annual report |
| 2017 | BRL 4,326m | BRL 956.7m | BRL 560.4m | Annual report |
| 2016 | BRL 4,033m | BRL 799.3m | BRL 434.2m | Annual report |
The full income statement, balance sheet and cash flow statement are in the annual accounts of Copasa. Year by year: revenue, net income and dividends paid.
Dividends
In fiscal 2025, Copasa paid BRL 827.6m in dividends, 58.5% of its net profit, according to its cash flow statement.
| Fiscal year | Dividends paid | Share of net profit |
|---|---|---|
| 2025 | BRL 827.6m | 58.5% |
| 2024 | BRL 1,158m | 87.9% |
| 2023 | BRL 777.4m | 56.4% |
| 2022 | BRL 136.1m | 16.1% |
| 2021 | BRL 340.1m | 63.3% |
| 2020 | BRL 1,045m | 128.0% |
| 2019 | BRL 134.7m | 17.9% |
| 2018 | BRL 443.5m | 76.6% |
| 2017 | BRL 285.7m | 51.0% |
| 2016 | BRL 56.2m | 12.9% |
Cash paid out as dividends during the fiscal year, including dividends to minority shareholders of subsidiaries when the company does not report them separately. It is not the dividend per share.
Frequently asked questions about Copasa
- How much did Copasa earn in fiscal 2025?
- Copasa reported a net profit of BRL 1,416m for fiscal 2025, on revenue of BRL 8,330m. The year before it reported a net profit of BRL 1,317m.
- Does Copasa pay a dividend?
- In fiscal 2025, Copasa paid BRL 827.6m in dividends, 58.5% of its net profit, according to its cash flow statement.
- Where is Copasa listed?
- Copasa is listed on B3, the São Paulo stock exchange, under the ticker CSMG3.
- Where do the figures for Copasa come from?
- From the annual financial statements (DFP) that Copasa files with the CVM, the Brazilian securities regulator. Each fiscal year links to its filing.
Where each figure comes from
The annual accounts come from the annual financial statements (DFP) that Copasa files with the CVM, the Brazilian securities regulator. Each fiscal year in the table links to its filing. Celsmar reads the tagged figures from the document and does not adjust them: if an item is not in the filing, it is not shown. More detail in data sources and, if you spot an error, in corrections. What Celsmar is and what it costs, in its fact sheet.
More companies from Brazil and the rest of the region: Latin American stocks.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.