Companhia de Saneamento do Paraná SANEPAR : Dados Econômico-Financeiros

A free translation from Portuguese into English of the ITR - Quarterly Information originally issued in Portuguese.

ITR - QUARTERLY INFORMATION

FIRST QUARTER OF 2024

1

COMPANHIA DE SANEAMENTO DO PARANÁ - SANEPAR

Quartely Information

For the quarter ended at March 31, 2024

Content

Balance sheet

Statements of income

Statements of comprehensive income

Statements of cash flows - indirect method

Statements of changes in equity

Statements of added value - additional information

Management report

Notes to the Quarterly Information

Auditor's review report on the quarterly information

Statements

2

Quarterly financial information on March 31, 2024

Companhia de Saneamento do Paraná - Sanepar

Individual financial information - Statement of financial position

	(Amounts in thousands of Brazilian Reais - R$)
	(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)
	ASSETS
		Current quarter	Prior year
Line item code Description	March 31, 2024	December 31, 2023
1	Total assets	19.827.413	18.803.905
1.01	Current assets	3.467.102	2.776.732
1.01.01	Cash and cash equivalents	1.913.309	1.285.158
1.01.01.01	Cash and banks	37.151	36.766
1.01.01.02	Short-term investments	1.876.158	1.248.392
1.01.03	Accounts receivable	1.298.407	1.260.202
1.01.03.01	Trade receivables	1.298.407	1.260.202
1.01.04	Inventories	64.186	69.305
1.01.06	Recoverable taxes	14.949	14.644
1.01.06.01	Current recoverable taxes	14.949	14.644
1.01.08	Other current assets	176.251	147.423
1.01.08.03	Other	176.251	147.423
1.01.08.03.01	Restricted deposits	83.317	61.654
1.01.08.03.02	Derivative financial instruments	63.387	62.838
1.01.08.03.03	Other receivables	29.547	22.931
1.02	Noncurrent assets	16.360.311	16.027.173
1.02.01	Long-term receivables	5.512.272	5.303.172
1.02.01.04	Accounts receivable	235.776	271.525
1.02.01.04.01	Trade receivables	235.776	271.525
1.02.01.07	Deferred taxes	834.596	828.516
1.02.01.07.01	Deferred income tax and social contribution	834.596	828.516
1.02.01.10	Other noncurrent assets	4.441.900	4.203.131
1.02.01.10.03	Restricted deposits	103.264	90.059
1.02.01.10.06	Escrow deposits	583.675	586.869
1.02.01.10.07	Contractual financial assets	738.830	708.227
1.02.01.10.08	Contractual asset	2.904.539	2.761.013
1.02.01.10.09	Other receivables	111.592	56.963
1.02.02	Investments	2.227	2.282
1.02.02.01	Equity interests	2.227	2.282
1.02.02.01.04	Other investments	2.227	2.282
1.02.03	Property, plant and equipment	361.575	378.052
1.02.03.01	PP&E in use	219.212	218.627
1.02.03.02	Right of use of leased assets	142.363	159.425
1.02.04	Intangible assets	10.484.237	10.343.667
1.02.04.01	Intangible assets	10.484.237	10.343.667
1.02.04.01.01	Concession agreement	10.311.732	10.170.024
1.02.04.01.02	Right of use of leased assets	172.505	173.643

3

Quarterly financial information on March 31, 2024

Companhia de Saneamento do Paraná - Sanepar

Individual financial information - Statement of financial position

	(Amounts in thousands of Brazilian Reais - R$)
	(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)
	LIABILITIES AND EQUITY
		Current quarter	Prior year
Line item code Description	March 31, 2024	December 31, 2023
2	Total liabilities and equity	19.827.413	18.803.905
2.01	Current liabilities	2.084.291	1.970.093
2.01.01	Payroll, benefits and related taxes	186.806	171.086
2.01.01.02	Payroll and related taxes	186.806	171.086
2.01.02	Trade payables	327.528	354.897
2.01.02.01	Domestic suppliers	327.528	354.897
2.01.03	Taxes payable	123.200	100.087
2.01.03.01	Federal taxes payable	121.005	97.700
2.01.03.01.01	Income tax and social contribution paid	65.777	1.132
2.01.03.01.02	Other federal taxes	55.228	96.568
2.01.03.03	Municipal taxes payable	2.195	2.387
2.01.04	Borrowings and financing	743.145	671.117
2.01.04.01	Borrowings and financing	221.389	215.751
2.01.04.01.01	In local currency	195.541	190.337
2.01.04.01.02	In foreign currency	25.848	25.414
2.01.04.02	Debentures	416.236	350.461
2.01.04.03	Lease financing	105.520	104.905
2.01.05	Other payables	498.264	484.567
2.01.05.02	Other	498.264	484.567
2.01.05.02.01	Dividends and interest on capital payable	308.821	308.821
2.01.05.02.05	Collaterals and contractual withholdings	2.358	2.382
2.01.05.02.07	Unearned revenue	3.560	3.560
2.01.05.02.08	Derivative financial instruments	63.551	62.287
2.01.05.02.09	Other payables	119.974	107.517
2.01.06	Provisions	205.348	188.339
2.01.06.02	Other provisions	205.348	188.339
2.01.06.02.04	Accrued pension plan and healthcare plan	74.469	73.635
2.01.06.02.05	Provision for labor lawsuits	130.879	114.704
2.02	Noncurrent liabilities	7.619.570	7.089.612
2.02.01	Borrowings and financing	5.652.348	5.106.543
2.02.01.01	Borrowings and financing	2.273.725	2.253.224
2.02.01.01.01	In local currency	2.236.790	2.216.629
2.02.01.01.02	In foreign currency	36.935	36.595
2.02.01.02	Debentures	2.994.222	2.450.048
2.02.01.03	Lease financing	384.401	403.271
2.02.02	Other payables	97.760	93.564
2.02.02.02	Other	97.760	93.564
2.02.02.02.04	Contractors and suppliers	4.964	0
2.02.02.02.09	Unearned revenue	6.823	7.713
2.02.02.02.11	Other payables	85.973	85.851
2.02.04	Provisions	1.869.462	1.889.505
2.02.04.02	Other provisions	1.869.462	1.889.505
2.02.04.02.04	Accrued pension plan and healthcare plan	1.042.573	1.030.892
2.02.04.02.05	Provisions	826.889	858.613
2.03	Equity	10.123.552	9.744.200
2.03.01	Realized capital	5.996.137	5.996.137
2.03.01.01	Paid-in capital	5.996.137	5.996.137
2.03.03	Revaluation reserves	49.130	50.164
2.03.03.01	Own assets	49.130	50.164
2.03.04	Earnings reserves	3.507.386	3.507.386
2.03.04.01	Legal reserve	75.168	75.168
2.03.04.07	Tax incentives reserve	11.616	11.616
2.03.04.08	Proposed additional dividends	95.326	95.326
2.03.04.10	Investment plan	3.325.276	3.325.276
2.03.05	Retained earnings/accumulated losses	380.411	0
2.03.06	Valuation adjustments to equity	4.180	4.205
2.03.08	Other comprehensive income	186.308	186.308

4

Quarterly financial information on March 31, 2024

Companhia de Saneamento do Paraná - Sanepar

Individual financial information - Statements of profit or loss

(Amounts in thousands of Brazilian Reais - R$)

(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)

		Accumulated from	Accumulated from
		the current year	the prior year
Line item code Description	March 31, 2024	March 31, 2023
3.01	Revenue from sales and/or services	1.698.012	1.453.963
3.02	Cost of sales and/or services	-685.830	-588.609
3.03	Gross profit	1.012.182	865.354
3.04	Operating expenses/revenue	-371.405	-317.748
3.04.01	Selling expenses	-118.809	-25.965
3.04.02	General and administrative expenses	-241.326	-186.601
3.04.05	Other operating expenses	-11.270	-104.765
3.04.05.01	Provision for contingencies	31.496	-63.440
3.04.05.02	Pension plan and healthcare plan	-12.515	-11.430
3.04.05.04	Profit sharing program	-29.021	-24.447
3.04.05.05	Other operating expenses (income)	-1.230	-5.448
3.04.06	Share of profit from equity accounted investments	0	-417
3.05	Profit before finance income (costs) and taxes	640.777	547.606
3.06	Finance income (costs)	-74.528	-70.544
3.06.01	Finance income	82.674	68.358
3.06.02	Finance costs	-157.202	-138.902
3.07	Profit before income taxes	566.249	477.062
3.08	Income tax and social contribution	-186.897	-157.488
3.08.01	Current	-192.977	-198.351
3.08.02	Deferred	6.080	40.863
3.09	Profit from continuing operations	379.352	319.574
3.11	Profit/loss for the period	379.352	319.574

3.99 Earnings per share - (reais/share)

3.99.01 Basic earnings per share

3.99.01.01	Preferred shares	0,2589	0,2181
3.99.01.02	Common shares	0,2353	0,1983

3.99.02 Diluted earnings per share

3.99.02.01	Preferred shares	0,2589	0,2181
3.99.02.02	Common shares	0,2353	0,1983

5

Quarterly financial information on March 31, 2024

Companhia de Saneamento do Paraná - Sanepar

Individual financial information - Statements of comprehensive income

(Amounts in thousands of Brazilian Reais - R$)

(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)

		Accumulated from the	Accumulated from the
		current year	prior year
Line item code Description	March 31, 2024	March 31, 2023
4.01	Profit for the period	379.352	319.574
4.02	Other comprehensive income	-1.059	-1.077
4.02.01	Realization of the revaluation reserve	-1.567	-1.608
4.02.02	Taxes on the realization of the revaluation reserve	533	547
4.02.03	Realization of the adjustment to deemed cost	-38	-24
4.02.04	Taxes on the realization of the adjustment to deemed cost	13	8
4.03	Comprehensive income for the period	378.293	318.497

6

Quarterly financial information on March 31, 2024

Companhia de Saneamento do Paraná - Sanepar

Individual financial information - Statements of cash flows - indirect method

(Amounts in thousands of Brazilian Reais - R$)

(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)

	LIABILITIES AND EQUITY
		Accumulated from	Accumulated from
		the current year	the prior year
Line item code Description	March 31, 2024	March 31, 2023
6.01	Net cash from operating activities	635.177	481.571
6.01.01	Cash from operating activities	676.740	571.392
6.01.01.01	Profit for the period	379.352	319.574
6.01.01.02	Depreciation and amortization	133.389	116.284
6.01.01.03	Costs of write-off of PP&E and intangible assets	1.420	1.999
6.01.01.04	Impairment of assets	-293	-627
6.01.01.06	Adjustment to present value of assets and liabilities	-7.981	-6.958
6.01.01.07	Allowance for expected credit losses	29.909	-45.420
6.01.01.08	Deferred income tax and social contribution liabilities, net	-6.080	-40.864
6.01.01.09	Provision for contingencies	-31.496	63.440
6.01.01.10	Pension plan and healthcare plan	12.515	11.430
6.01.01.11	Interest on borrowings	118.077	97.942
6.01.01.12	Inflation adjustments on financing	33.573	41.246
6.01.01.13	Interest and inflation adjustments on leases	11.449	10.591
6.01.01.14	Foreign exchange gains (losses), net	542	-130
6.01.01.15	Changes in derivative financial instrument	716	574
6.01.01.16	Share of profit from equity accounted investments	0	417
6.01.01.17	Allocation of borrowing costs	1.593	1.758
6.01.01.18	Adjustment to fair value - investments	55	136
6.01.02	Changes in assets and liabilities	-41.563	-89.821
6.01.02.01	Trade receivables	-32.365	-71.864
6.01.02.02	Recoverable taxes and contributions	-305	-1.165
6.01.02.03	Inventories	5.119	5.506
6.01.02.04	Escrow deposits	3.194	-18.084
6.01.02.05	Other claims and receivables	-61.245	-3.443
6.01.02.06	Contractors and suppliers	-22.405	-60.854
6.01.02.08	Taxes and contributions	142.775	140.702
6.01.02.09	Payroll and related taxes	31.895	25.823
6.01.02.10	Collaterals and contractual withholdings	-24	99
6.01.02.11	Unearned revenue	-890	-890
6.01.02.12	Income tax and social contribution paid	-119.663	-121.305
6.01.02.13	Other payables	12.351	15.654
6.02	Net cash flows from investing activities	-424.598	-403.259
6.02.01	Investment in PP&E, intangible assets and contractual asset	-424.598	-402.657
6.02.02	Investment in investee	0	-602
6.03	Net cash from financing activities	417.572	-73.583
6.03.01	Borrowings	664.504	132.001
6.03.02	Repayment of financing	-66.306	-59.594
6.03.03	Payments on interest on financing	-110.989	-107.810
6.03.04	Lease payments	-29.863	-23.191
6.03.05	Cost of borrowings	-4.906	0
6.03.06	Restricted deposits	-34.868	-14.989
6.05	Increase (decrease) in cash and cash equivalents	628.151	4.729
6.05.01	Cash and cash equivalents at the beginning of the period	1.285.158	1.207.932
6.05.02	Cash and cash equivalents at the end of the period	1.913.309	1.212.661

7

Quarterly financial information on March 31, 2024

Companhia de Saneamento do Paraná - Sanepar

Individual financial information - Statements of value added

	(Amounts in thousands of Brazilian Reais - R$)
	(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)
		Accumulated from	Accumulated from
		the current year	the prior year
Line item code Description	March 31, 2024	March 31, 2023
7.01	Revenue	1.798.463	1.607.088
7.01.01	Sales of goods and services	1.829.602	1.567.116
7.01.02	Other income	-1.230	-5.448
7.01.04	Allowance for/reversal of expected credit losses	-29.909	45.420
7.02	Inputs acquired from third parties	-470.599	-482.052
7.02.01	Cost of sales and services	-225.504	-214.222
7.02.02	Supplies, power, outside services, and other costs	-275.913	-213.786
7.02.04	Other	30.818	-54.044
7.03	Gross value added	1.327.864	1.125.036
7.04	Withholdings	-133.389	-116.284
7.04.01	Depreciation, amortization and depletion	-133.389	-116.284
7.05	Wealth created	1.194.475	1.008.752
7.06	Wealth received in transfer	82.674	67.941
7.06.01	Share of profit from equity accounted investments	0	-417
7.06.02	Finance income	82.674	68.358
7.07	Wealth for distribution	1.277.149	1.076.693
7.08	Wealth distributed	1.277.149	1.076.693
7.08.01	Personnel	364.570	296.284
7.08.01.01	Salaries and wages	199.474	188.870
7.08.01.02	Benefits	151.595	94.404
7.08.01.03	Severance Pay Fund (FGTS)	13.501	13.010
7.08.02	Taxes, fees and contributions	373.769	319.624
7.08.02.01	Federal	367.503	317.782
7.08.02.02	State	454	461
7.08.02.03	Municipal	5.812	1.381
7.08.03	Lenders and lessors	159.458	141.211
7.08.03.01	Interest	157.202	138.902
7.08.03.02	Leases	2.256	2.309
7.08.04	Shareholders	379.352	319.574
7.08.04.03	Retained earnings/loss for the period	379.352	319.574

8

Quarterly financial information on March 31, 2024

Companhia de Saneamento do Paraná - Sanepar

Individual financial information - Statements of changes in equity on March 31, 2024

(Amounts in thousands of Brazilian Reais - R$)

	(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)
			Capital reserves, options			Retained earnings	Other
Line item			granted and treasury			or accumulated	comprehensive
code	Description	Paid-in capital	shares		Earnings reserve	losses	income	Equity
5.01	Opening balance	5.996.137		0	3.507.386	0	240.677	9.744.200
5.03	Adjusted opening balance	5.996.137		0	3.507.386	0	240.677	9.744.200
5.05	Total comprehensive income	0		0	0	380.411	-1.059	379.352
5.05.01	Profit for the period	0		0	0	379.352	0	379.352
5.05.02	Other comprehensive income	0		0	0	1.059	-1.059	0
5.05.02.06	Realization of the revaluation reserves	0		0	0	1.567	-1.567	0
5.05.02.07	Taxes on the realization of the revaluation reserve	0		0	0	-533	533	0
5.05.02.08	Realization of the adjustments to deemed cost	0		0	0	38	-38	0
5.05.02.09	Taxes on the realization of the adjustment to deemed cost	0		0	0	-13	13	0
5.07	Closing balances	5.996.137		0	3.507.386	380.411	239.618	10.123.552

9

Quarterly financial information on March 31, 2024

Companhia de Saneamento do Paraná - Sanepar

Individual financial information - Statements of changes in equity on March 31, 2023

(Amounts in thousands of Brazilian Reais - R$)

(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)

		Capital reserves,				Other
Line item		options granted and		Earnings	Retained earnings or	comprehensiv
code	Description	Paid-in capital treasury shares		reserve	accumulated losses	e income	Equity
5.01	Opening balance	3.996.137	0	4.515.837	0	274.913	8.786.887
5.03	Adjusted opening balance	3.996.137	0	4.515.837	0	274.913	8.786.887
5.05	Total comprehensive income	0	0	0	320.651	-1.077	319.574
5.05.01	Profit for the period	0	0	0	319.574	0	319.574
5.05.02	Other comprehensive income	0	0	0	1.077	-1.077	0
5.05.02.06	Realization of the revaluation reserves	0	0	0	1.608	-1.608	0
5.05.02.07	Taxes on the realization of the revaluation reserves	0	0	0	-547	547	0
5.05.02.08	Realization of the adjustment to deemed cost	0	0	0	24	-24	0
5.05.02.09	Taxes on the realization of the adjustment to deemed cost	0	0	0	-8	8	0
5.07	Closing balances	3.996.137	0	4.515.837	320.651	273.836	9.106.461

10