Copasa (B3: CSMG3) financial statements
The consolidated income statement, balance sheet and cash flow statement of Copasa for its last 10 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 17,737m in total assets and BRL 8,578m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 8,330m | BRL 7,878m | BRL 7,404m | BRL 6,177m | BRL 5,895m | BRL 5,343m | BRL 5,157m | BRL 4,737m | BRL 4,326m | BRL 4,033m |
| Cost of sales | BRL 4,798m | BRL 4,504m | BRL 4,342m | BRL 3,861m | BRL 3,745m | BRL 2,939m | BRL 3,001m | BRL 2,888m | BRL 2,491m | BRL 2,484m |
| Gross profit | BRL 3,533m | BRL 3,374m | BRL 3,062m | BRL 2,316m | BRL 2,149m | BRL 2,404m | BRL 2,156m | BRL 1,850m | BRL 1,835m | BRL 1,548m |
| Operating profit | BRL 2,007m | BRL 1,995m | BRL 1,789m | BRL 1,252m | BRL 846.8m | BRL 1,280m | BRL 1,155m | BRL 922.5m | BRL 956.7m | BRL 799.3m |
| Profit before tax | BRL 1,749m | BRL 1,673m | BRL 1,786m | BRL 1,046m | BRL 654.4m | BRL 1,105m | BRL 1,022m | BRL 731.9m | BRL 758.7m | BRL 600.5m |
| Income tax | BRL 333.4m | BRL 356.1m | BRL 406.9m | BRL 202.6m | BRL 116.9m | BRL 288.8m | BRL 267.9m | BRL 153.2m | BRL 198.3m | BRL 166.3m |
| Net profit | BRL 1,416m | BRL 1,317m | BRL 1,379m | BRL 843.4m | BRL 537.6m | BRL 816.5m | BRL 754.4m | BRL 578.7m | BRL 560.4m | BRL 434.2m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 17,737m | BRL 15,512m | BRL 14,190m | BRL 13,190m | BRL 12,722m | BRL 11,772m | BRL 11,529m | BRL 11,178m | BRL 10,810m | BRL 10,947m |
| Current assets | BRL 2,534m | BRL 2,406m | BRL 2,544m | BRL 2,450m | BRL 2,563m | BRL 2,004m | BRL 1,843m | BRL 1,858m | BRL 1,703m | BRL 1,725m |
| Cash | BRL 503.7m | BRL 642.1m | BRL 1,031m | BRL 1,122m | BRL 1,310m | BRL 805.6m | BRL 524.1m | BRL 313.4m | BRL 420.9m | BRL 638.7m |
| Total liabilities | BRL 9,159m | BRL 7,464m | BRL 6,616m | BRL 5,935m | BRL 5,962m | BRL 5,316m | BRL 4,785m | BRL 4,952m | BRL 4,566m | BRL 5,008m |
| Current liabilities | BRL 1,842m | BRL 1,673m | BRL 2,012m | BRL 1,937m | BRL 1,911m | BRL 1,388m | BRL 1,118m | BRL 1,341m | BRL 1,256m | BRL 1,131m |
| Equity | BRL 8,578m | BRL 8,048m | BRL 7,574m | BRL 7,255m | BRL 6,760m | BRL 6,457m | BRL 6,744m | BRL 6,227m | BRL 6,244m | BRL 5,940m |
| Equity including minorities | BRL 8,578m | BRL 8,048m | BRL 7,574m | BRL 7,255m | BRL 6,760m | BRL 6,457m | BRL 6,744m | BRL 6,227m | BRL 6,244m | BRL 5,940m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 2,332m | BRL 2,051m | BRL 1,734m | BRL 1,117m | BRL 1,675m | BRL 1,740m | BRL 1,240m | BRL 913.5m | BRL 1,015m | BRL 780.4m |
| Investing cash flow | −BRL 2,816m | −BRL 2,270m | −BRL 1,567m | −BRL 1,239m | −BRL 901.9m | −BRL 678.1m | −BRL 611.3m | −BRL 892.6m | −BRL 603.3m | −BRL 514.1m |
| Financing cash flow | BRL 345.8m | −BRL 169.7m | −BRL 258.6m | −BRL 66.0m | −BRL 268.9m | −BRL 780.3m | −BRL 417.8m | −BRL 128.3m | −BRL 629.3m | −BRL 209.5m |
| Dividends paid | −BRL 827.6m | −BRL 1,158m | −BRL 777.4m | −BRL 136.1m | −BRL 340.1m | −BRL 1,045m | −BRL 134.7m | −BRL 443.5m | −BRL 285.7m | −BRL 56.2m |
Where each figure comes from
From the annual financial statements (DFP) that Copasa files with the CVM, the Brazilian securities regulator. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Copasa page.
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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.