Aguas Andinas (AGUAS) Q4 2025 earnings summary

Executive summary

• 2025 saw consolidated operational and financial gains, with resilience amid lower rainfall and climate challenges, and a 27% increase in investments over 2024.

• Revenue grew 7.5% year-over-year, driven by tariff adjustments and increased consumption.

• EBITDA rose 7.8% and net income increased 12.4% year-over-year.

• Recognized globally for climate change initiatives, ranking in the top 5% worldwide and first in all ALAS20 categories.

• Board approved a dividend payout increase to 75%, reflecting strong cash flow and financial results.

Financial highlights

• Revenues reached CLP 712,787 million, up 7.5% year-over-year.

• EBITDA was CLP 351,155 million, up 7.8% year-over-year, with margin at 49.3%.

• Net income totaled CLP 139,808 million, a 12.4% increase year-over-year.

• Free cash flow before dividends reached CLP 187 billion, up CLP 38 billion from 2024.

• Dividend payments increased to CLP 127,975 million.

Outlook and guidance

• Continued focus on cost efficiencies and margin recovery through the ACCELERA plan, with further impacts expected by 2030.

• Investment plan optimized to CLP 365 billion, focusing on water security, sustainability, and network renewals.

• Tariff agreements ensure gradual increases up to 12% by 2030, supporting long-term investment and regulatory stability.

• Projected annual investments between CLP 200,000–250,000 million for 2025-2030.

• Board will annually review dividend payout policy based on financial performance and investment needs.