Water and Wastewater Services: 85%
Waste Management and Recycling: 10%
Energy Generation: 5%

TOP 3 Markets:

1. Paraná, Brazil: 70%
2. Santa Catarina, Brazil: 15%
3. São Paulo, Brazil: 10%

SANEPAR generates the majority of its revenues from water and wastewater services, which is typical for a company in the utilities sector. The main market is the state of Paraná, where the company is headquartered and offers most of its services.

In addition, SANEPAR has started expanding its services to neighboring states such as Santa Catarina and São Paulo in recent years, as reflected in the market shares. Waste management and recycling, as well as energy generation, are smaller but growing segments in the company's business portfolio.

Production Sites: Paraná, Brazil

Companhia de Saneamento do Paraná - SANEPAR is a Brazilian company mainly engaged in water supply and wastewater treatment. The company's production and services are focused on the state of Paraná in Brazil. SANEPAR operates water treatment plants and wastewater treatment facilities there to provide clean water to the local population and treat wastewater. The company is a key player in the state's infrastructure and contributes to improving the quality of life of its residents.

Infrastructure Investments: 1.5 billion BRL annually (estimated for 2026)
Expansion of Water and Sanitation Services: Goal: 95% coverage by 2028

Companhia de Saneamento do Paraná - SANEPAR is pursuing a growth strategy that heavily focuses on expanding and improving its infrastructure. The company plans to invest approximately 1.5 billion BRL annually in the modernization and expansion of its water and sanitation systems. These investments are intended to increase efficiency and enhance service quality.

Another key focus is on increasing the coverage of their services. SANEPAR aims to achieve a coverage of 95% in the water and sanitation services sector by 2028. This will be accomplished through expansion in previously underserved regions and through partnerships with local governments and municipalities.

In addition, SANEPAR is committed to sustainable practices to minimize its ecological footprint and optimize resource utilization. This includes initiatives for water conservation and reducing water losses in the distribution network.

Main Imported Raw Materials: Chemicals for water treatment, machinery, and spare parts

Countries of Origin: USA, Germany, China

Companhia de Saneamento do Paraná - SANEPAR mainly imports chemicals needed for water treatment, such as chlorine and flocculants. These chemicals are essential to ensure water quality and meet regulatory standards.

In addition, SANEPAR imports machinery and spare parts necessary for the maintenance and expansion of its infrastructure. These materials mainly come from the USA, Germany, and China, as these countries are leading in the production of high-quality technical components.

Relying on imported materials can make SANEPAR vulnerable to exchange rate fluctuations and international trade conditions, which must be taken into account in financial planning.

Market Share in Paraná: Over 70% (2023)
Customer Base: Over 11 million people (2023)
Infrastructure Investments: 1.2 billion BRL (2023)

Companhia de Saneamento do Paraná - SANEPAR has a significant competitive advantage due to its dominant market position in the Brazilian state of Paraná. With a market share of over 70%, SANEPAR is the main provider of water and sewage services in this region.

The company serves over 11 million people, representing a strong customer base. This scale allows SANEPAR to leverage economies of scale and invest significantly in infrastructure. In 2023, investments totaling 1.2 billion BRL were made to improve the efficiency and capacity of its services.

Additionally, SANEPAR benefits from regulatory conditions that often involve long-term concessions for water services, increasing barriers to entry for new competitors. This secures a stable source of revenue for the company and further strengthens its competitive advantage.

Institutional Investor Share: 45% (estimated for 2026)
Insider Buys/Sells: No significant transactions in the last year

The institutional investor share in SANEPAR is estimated to be around 45%. This share reflects the confidence of institutional investors in the company's stability and growth potential.

In 2026, there were no significant insider buys or sells, indicating that the management and other insiders do not expect significant changes in the company's valuation. This could suggest stable corporate governance and a positive outlook on future business development.

Market share of SANEPAR (SAPR11): Estimated 12% (2026)

Main competitors and their market shares:

1. Sabesp (BOVESPA:SBSP3): 25%
2. Copasa (BOVESPA:CSMG3): 18%
3. Aegea Saneamento: 15%
4. Iguá Saneamento: 10%
5. BRK Ambiental: 8%

Moat of SANEPAR:

SANEPAR has a moderate moat, mainly characterized by its established infrastructure and regional monopoly in the state of Paraná. This allows the company to have a stable source of income and some pricing power.

In comparison to its competitors, Sabesp has a stronger moat as it operates in São Paulo, the economically strongest state in Brazil, and benefits from a larger customer base. Copasa also has a solid moat due to its strong presence in Minas Gerais.

Aegea Saneamento and Iguá Saneamento are private companies that achieve competitive advantages through innovative technologies and efficient operating models. These companies could develop a stronger moat in the long term, especially if they increase their market shares through acquisitions or new concessions.

Overall, SANEPAR has a solid, but not insurmountable moat. The competition is strong and in some cases better positioned to take advantage of future market opportunities.

Revenue Growth: 6.8% (2025) Profit Growth: 5.2% (2025) Infrastructure Investments: 1.2 billion BRL (2025)

Companhia de Saneamento do Paraná - SANEPAR achieved a revenue growth of 6.8% in 2025, attributed to solid demand for its services and effective cost control. The 5.2% profit growth indicates the company's ability to maintain its margins despite rising operating costs.

In 2025, the company made significant investments totaling 1.2 billion BRL in improving and expanding its infrastructure. These investments are crucial to increase future capacity and efficiency, ensuring long-term competitiveness.

Given these factors, SANEPAR appears well positioned to benefit from the increasing demand for water supply and sanitation services in Brazil. Continuous infrastructure investments could support future growth and strengthen the company's market position. Therefore, the stock could present an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend Yield: 5.2% (2025) Dividend History: Steady payouts over the last 5 years

Companhia de Saneamento do Paraná - SANEPAR has been paying a consistent dividend in recent years. The dividend yield was 5.2% in 2025, which is competitive compared to other companies in the utilities sector.

SANEPAR has a solid dividend history with steady payouts over the past five years, indicating a reliable dividend policy. This is particularly attractive to investors looking for stable income from dividends. The financial stability and regulatory framework in Brazil support the company's ability to continue paying dividends in the future.