Good morning, everyone, and thank you for waiting. Welcome to this video conference to announce the results of the second quarter, 2024 of [Foreign language], Sanepar. For those who need simultaneous translation, we have this tool available on the platform. To access it, just click on the interpretation button using the globe icon at the bottom of the screen and choose your language of choice, Portuguese or English. For those listening to the video conference in English, there is an option to mute the original audio in Portuguese by clicking on Mute Original Audio. This video conference is being recorded and will be made available on the company's IR website, ri.sanepar.com.br, where the complete material from our earnings release is available. You can also download the presentation from the chat icon in English, too. During the company's presentation, all participants will have their microphones disabled. We will then start the question and answer session. To ask questions, click on the Q&A icon at the bottom of your screen and type in your questions to join the queue. When you are announced, a prompt to activate your microphone will appear on the screen, and you must then activate your microphone to ask questions. We recommend that you ask your questions all at once. If, for any reason, your question is not answered during the event, please send it to the ri@sanepar.com.br. We would like to inform that the information contained in this presentation and any statements that may be made during the video conference regarding Sanepar's business outlook, projections, and operational and financial targets, are based on the beliefs and assumptions of the company's management, as well as on currently available information. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties, and assumptions because they refer to future events and therefore depend on circumstances that may or may not occur. Investors should be aware that general economic conditions, market conditions, and other operating factors may affect the company's future performance and lead to results that differ materially from those expressed in such forward-looking statements. To begin, we hand over the floor to the Chief Financial and Investor Relations Officers, Abel Demetrio. Thank you, Rodrigo. Thank you all for your presence in this video conference for the presentation of results accumulated until June 2024. And we also have the director—Wilson Bley Lipski, our Director of Environment and Social Action, Julio Gonchorosky, besides Ricardo Gonçalves, who is our RI manager, together with his team in this room. So now let's discuss the highlights on the next page. In this first quarter, in the second quarter, 2024, our net revenue growing 8.5%. In six months, 12.5%. Our EBITDA had a reduction of 2.9% on the second quarter and an increase of 6.9%, and net margin of drop of 11% and an increase of 1.8% in six months, all that comparing to the same period of 2023. We had, in this first quarter, first half, 15,000 water connections in our system and 22,900 sewage connections, and we reach, in June, 80.5% of our service, sewage service, 9.5% for the uni-- 90%, reaching universalization. 100% of our sewage collected is treated. Water, we have been universalized for many years. We had the index of 100%. Our EBITDA margin was 38.7%, and in first half, 42.2%. We reach investments of BRL 476.7 million on the... In six months, BRL 871.3 million. In this first half, we received the awards, Champions of ODS six, granted by Global Water Intelligence. In this, in the success cases, ESG, granted by Instituto Trata Brasil by FGV Foundation, Getúlio Vargas Foundation. We have this recognition, and we have to remember that Maringá is the first municipality in the, in the ranking of sewage by the Instituto Trata Brasil. Now, are some operational results, and the first, we have, measured volume increasing 7%, about the three months of 2023. The increase in economies, 22,668 thousand economies, a reduction of 22.7% compared, the same period of last year. Concerning sewage, our billed volume increased 7.3%, and the economic unit increase was 35,000 of new economies, with a reduction compared of 13.8% compared to last two year, due to the issues of the cuts in and especially starting the second quarter of last year, second semester, when we had an amount bigger amount of cuts and more cuts than connections, and that impacts the connections and the increase of economic units. Our default closing 1.1%, an increase of 3.5% compared to last year. Given the recovery credit, we had a default, a negative default. In other words, we collected more than we billed in 2023. Our volume of loss closed 200 and-... 23 litres per connection per day, a decrease of 0.6% compared to the same period of last year. The reservoir volumes in Curitiba, we closed the semester with practically all the 4 reservoirs, with 99%, 100%. Last year, to compare, we had 93% of the volume. Obviously, this, we serve Curitiba and the cities around. And sometimes we collect by wells or the rivers and the superficial captations. Now, I'll go through the performance indicators. We have, compared to the ventures, all the issues of the companies continue in force, and this, with the net debt to the 10th emission and bank debt by EBITDA adjusted, we have 1.69, a reduction, EBITDA adjusted by financial expense. We have 8.40-8.73. We have to remember that in July, we had the 12th issue in the 2.5 years more, and all the shareholders accepted the conditions concerning the governance of BNDES system, that have to do with finances related to the bank, private debentures, which is the 2nd, 4th, and 7th. The net bank debt by less than or equal to 3, we are 1.69. The service to that EBITDA, we have 2.76. And other onerous debts involving the healthcare and other energy and/or tax payment, we have 0.39, in line with the same period of last year. Very comfortable with this result. The contracts of Caixa, they also provide the governance. We are also, let's say, fulfilling completely. We also have the governance of Kf W, different from the previous one, was the level of debt. We closed the first half with 48.4, in line with the previous debts, in 41.0 and 48.6 in 2023. So we've been keeping this. So 60% is the level of debt. We've seen the margin EBITDA of 42.2 in the first half, ROIC of 12%, and ROI of 15.2%. All indicators in line with the periods of 2023. Now, discussing the financial performance. Our net revenue increased 10.5% in the six months, reaching BRL 3.362 billion. Our EBITDA reached BRL 1.321 billion, BRL 1.418 billion, an increase of 6.9%. The net profit reached BRL 755 million, with an increase of 1.8% and a liquid margin of 22.5% compared to the liquid revenue. Cost and the operational expenses with impact in EBITDA, excluding the finances, we increased 16.9%, reaching BRL 1.944 billion, and compared to the same period of 2023. On the next page, let's talk about the cash generation. We had a cash generation increasing 20.3%, to reach BRL 1.233 billion, with a conversion close to 87%, a better conversion than verified in the same period last year. Concerning our net debt and leverage, we have debts of short term of BRL 574 million, and we can see that our debts are more long term. We have a timeline of amortization comfortable for 2024 and 2025. We have BRL 5 billion, over BRL 5 billion in the long term, and we reduced what we have in cash, an equivalent BRL 1.439 billion. We have a net debt of BRL 4.593 billion, with a leverage close to the verified in 2022, which was 1.6. And in June, it would be in 1.7x the net debt by EBITDA. Our, our... We have an increase in our debt, weighted average debt. We have 10.8, and, reflecting the issue of the last Selic, of the accumulated of 12 months, and the inflation rates, which are somehow in line with, without big variations, with a reduction in the last 12 months. Our CapEx reached BRL 871 million, 1% decrease compared to last year, being 36% invested in waters, 56% in sewage, and 8% in other investments. Now, let's go through the income statements of the second quarter. We can see an increase in the revenue net of 8.4%, especially, of course, due to the adjustments, increase of new connections, the volumes, increase in volumes. We have to remember that in May, we had a readjustment of tax inc-, which was in May, and it will be in force until next [inaudible], predicted to April 2025. In personal, we had an increase of 26.5%. This increase is due to the salary adjustment, 3.8% to the employees, and it is a reflection of 5.5% of INPC of last year. We had here any collective adjustments of the employees. An important factor were the issues of the legal payments, BRL 141 million, against BRL 35 million of the same period last year, gives a difference of BRL 1.7 million, and actually, these were from provisions. We have a reduction of provisions, and this is the expenses, the actual expenses. The issue of materials was well behaved, a reduction of 1.9% compared to the same period last year. So we had a good quarter in terms of materials. Electricity increased 20%. Although the increase is representative, we can see as a positive factor the issue that Sanepar is migrating part of its electrical park to the free market. In this first quarter, we had a saving of BRL 80 million. If we had kept everything in the, we migrated in the first lot, nine lots, batches, we migrated 18.8. So our expectation is to reach BRL 50 million economies this year due to the migration to the free market of energy. For 2025, the expectation is to reach around BRL 150 million, which causes the electricity bill to be, in the future, with some, with some kind of level of management. We have to remember that Copel, which is our main distributor in the case of the company, announced a readjustment in June 2024, which average adjustment of 0%. So, besides the end of subsidies, it finished last year, it had an impact of 3% per year. This year, we have a readjustment for the current market of zero, which is obviously, it does not press our future increase in electricity. And the outsource service is an increase of 29.6%. We can mention two points. We had some accounts. We have a history reference, a low history reference, because until last year, the first quarter, first half, we had small actions of cuts because we did not, we had not been practicing cuts. Sanepar spent 42 years without any cuts, so we had several actions like, for example, charge, service to the clients, and we had a low history in the first half and the second quarter of 2023. Consequently, when we compare, we have an increase of around 29.6%. Besides that, we can mention the issue of data processing. We had an increase, considering all the investment and the effort of the company that has been made in IT. This is account of some expenses that have increased and maintenance of networks, and the company's effort in terms of being agile and recovering some services that were in the first, the first quarter of 2023, first half, were below, and now we are in a more accelerated pace. To lead, we have an increase. We have three judicial settlements, an action related to indemnification of an accident that happened in 2022, 2003. So Sanepar had to recognize now this compensation and a compensation that questions some taxes in Foz do Iguaçu, here, where the company took over. Besides, we had legal action to the recovery, financial recovery, which is in the general and tax accounts. This also causes some impacts in the municipal funds. Due to these movements, both in the personal account and general and tax accounts, we had a provision, and in the first quarter a reduction of BRL 250 million. Last year, we readjustment- we saw an expense of over them. In the second 2024 quarter, we had a reversion of BRL 66.351 million. Provision for healthcare and retirement, we and we increased 50.9%. An important data in the volume that we have of finances and the debts, and we have a financial expense increasing due to that. Other expenses increasing 51.9%, despite having seen our default of 1.9%. The fact is that there was a reversion considering the same period last year. In this first six months of last year, we had a reversion of the provision of losses of BRL 44.4 million, and this year, we have provisions of BRL 61.1 million, which is a difference in 3 years of BRL 105 million. So this is an account that we are concerned because we, we, we are concerned about being able, about having the clients able to go back to paying their bills, because we would like our default to be, less than what is registered. We are receiving the installments of last year, and the expectation is that we can at least our we anticipated to have this year a default, negative default, in the sense that we will try to recover more credits than the billing itself. But good, net result, we've seen 11%. It's a reduction of 11% and EBIT margin, 38.7%. Next page, we will go to this, to the first half. The net revenue total cost 16%, as we've seen. Net result grew 8.8%, EBITDA increased 6.9% in the first half. Next page, we will see some balance sheet. Our net debt increased 7.2% compared to 2023, and, our, the main accounts, the financial investment increased 12.1%. We, we reaching BRL 1.399 billion. Loans, financing and debentures increased 10.5%, reaching BRL 6.385 billion. In operating working capital, we had a reduction of over BRL 1 billion- BRL 1.474 billion at the end of June 2024, a reduction of 3.7%. Other assets and liabilities increased 12.2%. We had a reduction in provisions of BRL 858 million-BRL 760 million, a reduction of 11.4%. The contract assets is an important thing re-registered in these assets to BRL 2.856 billion by the end of June. Our fixed assets with the operating working capital turnover changed to 50 days compared to 55 days in 2023. Now the impact in the flow, cash flow, we had BRL 1.233 billion for the cash as, cash flow. The financing activities, BRL 871 million, a reduction of 1.1%, and the financing activities, we had BRL 207 million. Compared to that in June, we had the payment of the dividends, a PPR to the employees. So this account is negative BRL 207 million. But in the period, we had an increase of BRL 150 million, and we closed the first half of 2024 with BRL 1.438 billion in ca- in. Which is a good liquidity for the company, with the payments of our its, due. So that was the presentation of the second half of 2024 and the first, and the first half of 2024, and so our, our direct-- I will hand over to our Director President, Director-President Director. Good morning, everyone. I'm here, I've been here for 60 days. I've been, Ratinho Júnior do governo assigned me for this position, and he, he asked us to continue with this look of austerity and responsibility and a lot of transparency in what we do. We need to effectively accelerate investments. We need to bring results, but effectively, we must have this balance that causes our company to render this excellent service, having its good results. Since this is my first participation, I would like very briefly to bring a little bit of my history of my professional life. I've, I've been here for 60 days. In the past five years, I was together with the Banco Regional de Desenvolvimento do Extremo Sul, where I was Administrative Director and Operational Director, Financial Director, Vice President, and President. Where the results of this, the, the, last five years were quite surprising. The bank moved from BRL 2.3 billion contracts per year to over BRL 6 billion contracts per year. So the result is extremely substantial, expressive, robust, and it brings a lot of pride for my work there. Before that, I was in Paraná Cidade, which is a management body, a planning body, connected to the Secretariat of Development - Urban Development, Plan of Paraná, which oversees and brings the supervision and releases resources for all the municipalities of Paraná. So we can also include in our curriculum over 12,000 works delivered in the period I work there. I was also at the Senate with a technical assistant, and before that, I was a state secretary in the urban development and general director, where I spent eight years in the urban development secretariat, and I had this relevant contact with the municipalities of Paraná. I am a lawyer, graduated in contemporary law, and I'm very proud right now to be here, heading this company, this company that brings a lot of pride to Brazil, to the state of Paraná, and with the international recognitions for its excellent work that it renders on the day by day. We sell quality of life, and we want to continue delivering this excellent service. So I want to leave my first manifestation, and talking about my commitment, my responsibility, and you can count on us, so that this the parts of this company will always be the right ones and ones that will bring results and prosperity for all of us. So, ladies and gentlemen, we will start now the Q&A session. Note that you have to send your questions through the Q&A icon. Your names will be announced for you to ask your questions. Right now, I request you to activate your microphone, and in case if you can't open your microphone live, please write "No microphone" at the end of your question so that our operator can read it aloud. So let's start our first question coming from Leandro Aguiar, an investor. First, he wants to congratulate all, the team for the good result of this quarter. His question: I identified a reduction on expenses with material in the first this quarter, confirming the company has been seeking alternatives for raw material to combat increase of prices that were impacting the sector. Could you comment on this action plan, ongoing action plan concerning this theme, and if there is any possibility of new positive surprises in the future? Good morning, Leandro. Thank you for your questioning. Yes, indeed, it, the materials account in the first six months was a very good surprise, with a reduction of 3.4%, and we had some actions on the part of the company that contributed to this result. Like, for example, the replacement of products that are possible to be replaced, of course, due to prices. So we changed products for those for a better price. And of course, all the product, when we speak of material, we have 66% around in this account connected to the consumption of a treatment material. And we know the treatment material is connected to the variations of exchange rates. So it's difficult to make a projections of what will be the levels of prices practiced, but we have some actions, management actions that allow us to replace products. We, through our innovation area, we are seeking some technological actions, more efficient products, and we also have, from compared to in terms of what we had as expenses last year, we have a reduction of the best prices. Besides that, all the issue of chemical products, it's an issue that Sanepar looks only from the... Oh, not only from the perspective of cost, but also, but also this, composition in... So it shows that besides the management the company has on this item, the fact is the company needs to apply chemical products in the water, apply chemical products in the sewage, and much of this expense cannot be managed by the company. And we understand that in the last tariff revision of price, it was behind the expectation of the company. So to replace this issue, the company has concerning this item. I thank you for your question, and I'd like to add that, say that our innovation area, which we, where we created a board, and it's working strongly in the sense of finding other alternatives, so that we can lower, in the within the possibilities, we will we would like to diminish the impact in our expenses. We are close to the academy. We are working PhD to bring, new knowledge, new alternatives, and deliver good results. The dedication is the core business of the company, water and sewage, and we have to have this dedication, see the, negative impacts, and transform the positive possibilities to find good paths and balance. So we receive another question, from Leandro. I identified a, a significant increase in the line of outsourced services in this quarter. Could you discuss this increase in maintenance of system, data processing, and service registry data charges? Thank you, Leandro, for your question. Yes, we had some items within the outsourced services account that surprised us, but others are based, comparing to 2023, that was behind the actual need for services. For example, the service client, for example, I repeat, until last year, the first half, the cut and water cuts were suspended. We had the first half of 2023, quite behind what was the actual need of services in some items. So like charges, services, and the registry and billing service. So, compared, because the comparison was low, now with the full service in action, we have an increase in costs. We had the issue of data processing service, which is a more relevant item in expenses this half, but the effort of the company to seek modernization of its technological part. We have to remember that we're implementing RP in the company, which seeks administrative and financing areas of investment with systems more agile, more integrated, and this demands investment in IT. And a strong investment in IT to find solutions to our clients and to have a quicker service using the means of processing that today everyone prefers somehow to use digital means, and the company understands that we need to update concerning some items. So these are some of the main points we had. We had an increase above what we had, that would be the average of increase. Besides, a stronger service in maintenance of network, this is the main element of expenses in the issue of outsourced services. We have priority in the fighting losses. When we can accelerate the maintenance service network, and we can, we can work more quicker, we can, work with saving water. So there are several actions that we have been taking, and some services might have a higher cost, but they will bring future benefits for the company due to this current high expenses. Thank you, and to conclude, the last question of Leandro is: in the taxes and licensing taxes, we recognize a BRL 8 million expense in this line. Could you discuss this expense and to see if, if it has any connection with the PPPs, which are the ongoing PPPs? This is his last question. So all this, all this licensing, they have nothing to do with PPP, which is- which are services. These fees, they are mandatory things for the company, whether it is fiscal or, or regulation taxes. And so this is an i- it's an item, and they have somehow a recog- an integral recognition in the, in the fee. Although we have an increase in this account of tax, of licensing and fees, th- th- this is transferred to the fee. We do not manage a fee that is applied over it. So although right now we might have an impact of this increase, the important thing is to say that this all has a coverage, a fee coverage, and we will have a third, a third pri- coverage, revision in price. We have environmental licenses, payment of taxes in units, urban taxes, and this ends up having a mandatory expense on the part of the company, and that's why we verified this increase in this account. Continuing, the next question from Marcelo Somozo, a buy-s ide a nalyst, [inaudible]. He brings two questions. Number one: what explains such an insignificant increase of third-party services? Can we increase this as the new normal, this level, or we might see reductions in the next quarters within the current framework, regulatory framework, the current cost should be transferred to the fee or next adjustment in the fee? Well, Marcelo, thank you for your question. I think the third-party services was Leandro Aguiar's question, so it was answered. I think concerning the electricity cost, today, the agency has two ways of calculating this fee. The issue of prices, at every—it's recomposed at every readjustment, and the amount is at every revision of fee, the agency will verify whether the company is using the energy in an efficient way or efficiently in the sense of being able to recognize it in a fee. If the company is not doing a good management of electricity, the regulator might infer this account. But the fact is, Marcelo, that the issue of energy, as I said, we have a big, huge program, which is the main program, which is the Free Market of Energy. You have to remember that it makes up 90% of the consumption, to reach 90% of consumption of electricity in the company. The first contract with Copel, 49 units. We have great part implemented by June. We have to advance until the end of the year. We have, with the trade, at a second contract, which encompasses a good percentage of this cost of energy. Since these are contracts in the long term, five years, we expect a reduction this year of around BRL 50 million and a reduction for the future years of around BRL 150 million. For this five-year cycle, it's a reduction of around BRL 620 million-BRL 630 million. I would say that we have an expectation that in the, like, in the future years, we have an energy cost more controlled and, the with these migrations of energies, even these migrations, they are important because they will reflect in the in the cost of electricity, because all the economy, all the savings we have, 75%, it returns to the cost, amortization. So the population is benefited, and the company is benefited with 25% of this reduction in the current market. So the cost of energy are once they are efficient, they are well managed by the company, they within what is spent, they are recognized by the regulating agency. So let's continue. Next question. It's Arlindo Souza, [inaudible] analyst. Concerning CapEx, the in the first half, BRL 100 million seem a little bit behind the investment volume expected for the year, according to the investment plan of yours that anticipates BRL 2.5 billion in total CapEx. Would you explore this issue to help us in the projection of the company? Well, Arlindo, thank you for your questioning. The first half, we had some issues related to, for example, to bids. We had some works that could not be initiated when we had programmed, so this obviously caused an impact in this volume of CapEx realized. We had some other issues we had to do with authorization issues. We have to remember that when our works, they involve environmental issues, so we have to have a lot of licensing authorizations from the competent bodies, and we had some delays in some of these authorizations. The company has been working strongly in terms of establishing dialogues with to regulate the pending issues, to keep the authorizations for to realize the work. We are trying to recover the investments. We have to remember that we have had, in the last years, an increase of investment, very relevant year after year, and it's always a challenge to execute all the works, many times, within the period predicted, given all these issues. Many times, we end up managing due to some savings in the works. All our works are through tenders, so what was in our budget sometimes is even cheaper due to competitiveness in the bids, which is good for the company that executes that work that was predicted for a certain amount, for a lower amount. This is an efficiency that we always seek, and I can say that we have had very positive results in this issue of seeking more competitive price, better price, to do the works. Other than that, we have to consider some climate issues, and there is an impact related to that. But I would say that we are working with our anticipated number, BRL 2.3 billion, for 2024 to do the investments, and BRL 11.2 billion, which is the cycle of 2024 by 2028. Second question of Arlindo Souza is similar to Jose Honorato question on investors, so let's read them both combined. As to the judicial repayment receiver, at what point do we stand? In favorable case, could the company have securities to receive this? And related to this repayment, what articulation this is being done to receive this, and what's the destination for this amortization of debts and investments? These are his questions. Arlindo, Jose Honorato, thank you for your questions. So this is an action of a 30-year action, so we are speaking of a long-term action. We are on a good path. We are doing well in all the processes. The company has been disseminating this thing. This is, you can see this in our financial statements. We have BRL 3.9 billion, with that, the company follows up. Once this court-ordered debt is issued, we want to include this court-ordered debt in the budget, in the union budget, and we want this in LDO, which is the budget law or in the law in 2025 or still with the expectation of receiving this in 2025. So we want this to get into the budget of 2025. We have, in August, we have to go through this LDO, so that at the end of the year, the Congress will vote the Union Budget, include that for receiving in 2025. Obviously, the payment of this court order there depends on the finances of the union. If the fact is not included in the budget, does not mean that it will be paid by the union. It depends on the fiscal conditions of the union. But I would say that a great part of the path has been covered. We have to remember that this involves the three powers of the union. We are, there is always the possibility of revision, of values, of amounts. This is part of the legal game. We went to the judiciary, now we are expecting it to be sent to the legislative and then to the executive. So the company, concerning this team, given that we don't-- that is a very relevant team, we are speaking today, Sanepar today is BRL 10 billion in net asset, which is 40% of the net asset of the company. All the steps the company has been giving is in the sense of not create expectation, not anticipate movements, because we know that it depends on other agents that that's not under, in our control. But the next steps, the inclusion of the union budget, the possible recognition, and then we have all the income statements and all the steps given in the future, the company, together with its controllers and administration, will have a destination for these resources, but we can say that we will always be welcome. It's a 30-year struggle, and it's. Well, I think we are working well on that. Actually, this is a big marathon. Up step by step, we have to follow in this ritual so that we can reach the final result. The moment now is the moment of articulations, the moment of waiting, so that we can be part of the budget of 2025, so that we can make all the articulation to receive the payment or take other measures that might be notified, and we can bring as a relevant fact to all of you. The path now is that we can have this court-ordered debt included in the LDO of 2025. But the discussion of this team now, so that in the future budget, we can have the possibility of receiving this money. Next question is from Luis Alves, investor: Could we have an update concerning the Miringuava reservoir, the expectation that the reservoir will get into operation soon? Good morning, everyone. Thank you, Luis, for your question. We continue working strongly on the final licensing of Miringuava. As you know, the last step of this licensing depends on IBAMA approval, and the time to issue this approval it's due very soon. So we are working strongly to suppress vegetation, which is a complex state step, and very difficult, has to be carefully done in terms of environment, and there are some social components involved, but we want to take advantage of the summer rains to fill up the reservoir. Another additional comment, dedication and a special look for us to have the resolution of this issue as soon as possible. Now, continuing, we receive two more questions, similar questions coming from Reinaldo Verissimo and Luis Alves, both investors. Initially, they congratulate the company for the results and the work together with Rio Grande do Sul. The questions are: Could you update the situation of PPP with Aegea? And about compensations, can we use the same improved universalization of sewage collection like Colombo City, where Sanepar has 77% only, and the PPP is for to reach sewage universalization, are they in full operation in all the state? I will start by answering about PPPs. We did all the process, all the structuring. We launched the notice, and we had a first batch, very successful, and it's already working. And the other 3 batches, we had the manifestation of Aegea in the sense of taking out the clause of barriers. They understand that they would have no competition, which is a wrong understanding or contrary to what we understand is we went to the Tribunal de Contas this process, and they took that to a claim together with the superior tribunal. So we are taking all the measures. We have the support of AESBE, which comes in as a friend of justice. They defend our thesis, and we expect that very soon we can restate this decision so that we can reach results that we expect. And soon we can open the envelopes and see the winners of the other batches. We expect right now that we have in the Supreme Court the necessary speed; all the actions are being taken. Every week, we are there in Brasília, making the necessary articulation, presenting documents, our memorials, so that we can, the result can be effectively the one we expect at the beginning of the structuring, and that we can maintain the thesis with the fund. So just adding the issue, the using of the resources, what we mentioned earlier. Right now, it's premature. We prefer to follow the step-by-step of the decision of the, of the receiving of this court order, debt of this amount. First, not to generate expectation, and second, because it depends on, the, our context and, even the governance, bodies of the company. But we can always say that we have a commitment, for universalization, and we have 80.5% of, of sewage service in the urban areas. They were reached. The company make an effort to accelerate it in this universalization plan, according to the law, and we make all the investment efforts regardless of resources, extraordinary resources, which is the case of this compensation. Thank you. Our next question comes from Vladimir Pinto, sell-side, and she's an XP analyst. Can you comment on provision of doubtful debts? After a recuperation credit plan, the company presents such a high amount, such a high number. Vladimir, thank you for your question, for your questioning. We, in our planning of last year, we had a positive situation in terms of reduction of default. Last year, we had a negative default of 2.4%. We received more than we billed, which was unpredictable, because we were not doing cuts, and we were not doing a more effective charging plan, and for more than 42 months doing that. In 2023, went according to predicted. However, 2024 has been showing more challenging, and we begin to understand the movements of this provision. Probably the clients, when they look their installments, they made an estimate of payment capacity involving. Now, besides the monthly consumption of their water and sewage bills, they have to pay the previous installment. When you combine these two items, they... Now, some people have difficulty to pay their debt, maybe because they have adopted a small number of installments due to their income, and then they cannot afford to pay. Last year, as we mentioned, the first half, we had a reduction of provisions. After, when we speak of provision for losses, we are speaking of private clients. Exclusively, we are speaking about individuals above 180 days after the due date, you have to constitute a provision for losses. So we had a reversions of BRL 44 million in the first half of 2024, a new provision accounts that, that exceeded 6 months, so it impacted the result of this quarter. But what we can say is that the board has been following this account very diligently, stratifying our commercial area, stratified all the people in debt, and we are making other simulations of stratification due to consumption, and we are planning some actions, first, in the sense of giving conditions for the clients to for them to resume their payments, of their installments, of their negotiations, to giving them conditions for them to pay. The company can reduce this provision that is being done in the sense that we follow the results that is expected by the company, and we also contacted some bodies to create some negotiations of this credit, bringing these resources to our company. So I think no company has spent so much time without cutting water, 42 months, so the volume of accounts was quite high and heavy. And the fact is that many clients went through some financial problems, loss of jobs, and due to the pandemic, they had financial difficulties, and not all of them were able to paid their debts. But still we have a default of 1.1%, which if we took it out from the installment, some of it, it would be a default of one of the lowest in Brazil. But the fact is that when we look at the history of last year that brings the default down, the expectation for a period of receiving these amounts, we identified together with our governance bodies the need to adopt actions, to take actions to seek reduction of this problem. And about diligence, special look, profit, and we are taking measures. Today, we are participating in the Municipal Chamber of Curitiba in a joint effort, where we propose to them the possibility to find solutions so that we can recover these credits. So the first idea, the first measure is stratification, per the value owed, and then stratification of the amount of that consume, of that, I mean, the analysis of the profile of that person, to see whether he goes through difficulty, so that we can find another solution for this, these kind of people, which is proper for him to be able to pay for his, the consumption, the current consumption and the debt. So we have a special look to diminish these indicators. Thank you, and continuing our question, it comes from Jose Honorato, investor. Many investors use the, as- And there is, an increase. We anticipate the increase of this kind of investors that use their pro- that. Do you have- do you expect- Thank you for your questions. This issue of, of the, installment payments, it's not outside our radars. The company pays its dividends according to its statute after 60 days after the GO. In the governance body, the company first expects the GO, which is the General Ordinary Assembly of the shareholders, approve the numbers of the balance of the previous year, so that in 60 days it can make the payments of the dividends, which historically has been happening in July. So the GO has to happen by April, and in June, there is the payment of dividends. And the last two years, always 27 June, so this is in our release to make it easier for the investors to have a provision of their receiving. So we are a company of mixed economy. We are subject to questionings, original questioning, sometimes different from the reality of other states. But the fact is that the company made payments and, differently from what it practices currently, and there were questionings, before the Public Ministry. So the company looks very closely, very carefully, because when the GO makes the, when you pay according to the law, according to the rule, it's very well understood. But we analyzed this condition and obviously, all the investment volume that the company needs to make for the universalization, and, we want to be the first company to universalize this due to the new, the new framework. So when you pay installments with the less deadline we have, you affect the working capital. It's not that we, that is forgotten, on the contrary, but this is something the company still needs to lean over and discuss with its governance bodies. What is the way to follow? We can say that, yes, regularly, the company pays its dividends in June. Every year, the company has a stability of its dividends, and the policy gives flexibility to the situations that are different in the Brazilian context. Let's just mention two or three: COVID, hydric crisis, water crisis in the Panamericana, which, a crisis that brought problems to the market. And we always have a flexibility in our policy to increase or reduce. We have a policy that allows for 25%-50% net profit adjusted and has a capacity to keep a healthy company. We need to make more investments. We have a limit of dividends that we can distribute. You have a better cash generation, you can advance in the distribution of dividends. So from this perspective, our policy of dividends is flexible, and even with companies, like, in a certain way, mimicking our policy of dividends. But yes, every time we want to improve, we always want to improve, we always want to bring something for the shareholder that the shareholder expects. Only that right now, we are fighting these regulatory issues and some issues about working capital, which are being analyzed. Thank you. Continuing giving continuity to our next question, Diogo Teixeira, analyst, analyst buy- side. He questions the expectations for the, for the price revision for 2025. Well, Diogo, thank you for your issue. As a regulatory agency, it is in the finance board, in the company, I can say that we speak about price revision every day with our regulation area. Obviously, the company does not disseminate expectations, whether about readjustments or price revisions, but we can say what is official and how what we are doing to reach the objectives that are of... So first, to say that we are on June, July 29, we had a bid done by the company to hire a company that will do we will analyze the asset, incremental asset report in 2024. It will be measured by the agency in another way, because obviously, there we would not have enough time to include the investments of 2024, this is natural, and this is an important step in the price revision. We are hiring this, and it's in a phase of analysis of the technical issues to see whether the company fulfills the requirements. The agency, on the other hand, we are having meetings in the sense we have a system of movement of asset base, which is sealed. Everything that was done by 2020, our technicians, together with the agency's technicians, are dealing with this movement. This is an important element for the making up of the future balance, price. Another important point is that on the second price review that concluded recently for 2023, the company, through its technicians and specialized companies, found some differences, some that in terms of what the agency determines its regulatory rules. So Agepar rules could be discussed in the third RTP. The company is looking for elements to show to the agency that what the company is requesting makes sense, so that the agency can review from the third consider something in favor of the company, what the company is requesting. So we have a timeline by the agency that first is the price revision on the date, on the date, to respect the date. Our adjustment date for price revision, it has to be in May 17. We understand it's important for Sanepar, it's important for the citizen, it's important for the investors. And the second step, we are taking all the measures in the sense that the investments the company made, we have to put in the base, they are careful and necessary investments, a lot of effort, very diligently, in the sense that we have, at the end of the third cycle, a price which is fair and balanced, that all the parties seek, the regulating agency, Sanepar, and the users. So that's the truth. That's the truth. We cannot have a high price, and that we, we'll not have. And the users do not, cannot afford to pay, and then we cannot. So what we need is to look at a price that is in balance with all the needs. Of course, so we have, Agepar has the competency. We give all the elements. We try to prove to them, with data, with documents, that everything has been done. We delivered all the documents and making all the management in the sense of showing the diligence of the company, the careful investments, efficient costs, so that they can judge us and determine the price Thank you. We close the session of Q&A, and we hand over the word to Abel Demetrio for his final considerations. Well, thank you all for your participation in this video conference. I don't know if the president wants to make any additional comment. So I wish you all a very good weekend. It's very cold here in Curitiba, so if you want, you can come and spend some cold here. I want to thank you for the opportunity and make myself available, an open talk and sincere talk, and in a transparent way, with austerity and working to have the necessary efficiency to meet the demands for the management. And this is a commitment that I want to make and to make known to all of you. Thank you for the opportunity, and have you all a very good day. The video conference related to the results of Sanepar is concluded. Have an excellent day all of you.