Operator

Good morning, and welcome to SABESP's First Quarter of 2026 Earnings Presentation. With us here today are Carlos Piani, CEO; Daniel Szlak, CFO; and Thiago Levi, Investor Relations.

Before we begin, we clarify that the statements made during this presentation will not include projections or estimates of future events. However, they may contain forward-looking statements indicating potential trends related to SABESP based on reasonable expectations, beliefs and assumptions of SABESP's management as of today.

These statements involve risks and uncertainties and are based on assumptions and factors such as market, regulatory and economic conditions, which may not materialize in addition to the risk factors disclosed in SABESP's filings with the Brazilian Securities and Exchange Commission, B3 and on its Investor Relations website. Investors should understand that changes in such factors may lead to outcomes that differ from current trends and that undue reliance should not be placed on these statements. The full disclaimer will be presented next and must be read carefully by all participants. This presentation is being recorded. [Operator Instructions].

I will now turn the floor over to Daniel Szlak, who will discuss the results. Daniel, you may proceed.