Aguas Andinas (AGUAS) Q4 2025 earnings summary

Executive summary

• 2025 saw consolidated operational and financial gains, with a focus on resilience and sustainability amid lower rainfall and climate challenges, supported by a robust tariff framework 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.

• Strong cash generation enabled higher dividend payments, with the Board approving an increase in payout from 70% to 75%.

• Achieved top 5% global ranking in S&P's Corporate Sustainability Assessment and received top climate and sustainability ratings.

Financial highlights

• Revenues reached CLP 712,787 million, up 7.5% year-over-year, with EBITDA at CLP 351,155 million (+7.8%) and net income at CLP 139,808 million (+12.4%).

• Operating income rose 7.9% to CLP 262,852 million.

• Free cash flow before dividends reached CLP 187 billion, with paid CapEx at CLP 171,362 million.

• Dividend payments increased to CLP 127,975 million, with a 75% payout of 2025 profits.

• Cash and cash equivalents at year-end were CLP 172,168 million.

Outlook and guidance

• Investment plan optimized to CLP 301.5–365 billion, prioritizing network renewal, plant expansions, water security, and sustainability.

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

• Margin recovery expected to strengthen by 2030, with initial effects materializing in 2026.

• Expansion of sewage treatment and network renewal projects underway.