Aguas Andinas (AGUAS) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 increased by 7.8% year-over-year, driven by tariff adjustments, higher consumption, and improved commercial management.

• EBITDA rose by 8.1% (8.9% adjusted for leap day), maintaining margin stability at 48.8%.

• Net income grew by 6.5% to CLP 97,305 million compared to the same period last year.

• Investments of CLP 117,897 million were made to strengthen infrastructure, aligned with the Biocity plan and the 2025-2030 tariff agreement.

• Recognition for sustainability and investor relations was achieved in ALAS20, with reaffirmed local and international credit ratings.

Financial highlights

• Consolidated revenues for the third quarter rose 7.8% year-over-year to CLP 520,858 million, driven by higher tariffs and a 1.2% increase in supplied volume.

• EBITDA reached CLP 254,310 million, up 8.1% year-over-year; net income was CLP 97,305 million, a 6.5% increase from 2024.

• Free cash flow was positive at CLP 108,742 million, up CLP 51,033 million year-over-year.

• Interim dividend of CLP 42,000,026,151 (6.86391 per share) to be paid December 2, 2025.

• Operating costs increased 7.5% due to inflation, higher labor costs, water transfers, and energy expenses.

Outlook and guidance

• Average annual investments projected between CLP 200,000 and CLP 250,000 million for 2025-2030, focusing on climate change mitigation and infrastructure renewal.

• Tariff increases of 3% in March 2025, 1% in December 2025, and 1% in March 2026, with additional variable tariffs for drought-related measures.

• Labor cost impacts from regulatory changes will be managed through process redesign and gradual implementation.

• Maintenance cost stabilization is expected to continue, with further optimizations targeted for 2026.

• SISS authorized the Alternative Supply Plan tariff, effective September 15, 2025.