Cosan S.A. ( (CSAN) ) has released its Q3 earnings. Here is a breakdown of the information Cosan S.A. presented to its investors.
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Cosan S.A. is a Brazilian conglomerate operating in the energy and logistics sectors, known for its diverse portfolio including rail logistics, natural gas distribution, and bioenergy production. In the third quarter of 2025, Cosan faced a challenging macroeconomic environment in Brazil, with high interest rates and declining commodity prices. Despite these challenges, the company reported solid results across its portfolio, with notable performances in Rumo’s transportation volumes and Compass’s natural gas distribution. However, the quarter was marked by a net loss of R$1.2 billion, primarily due to lower equity pickup contributions and a weaker financial result. Cosan’s EBITDA under management reached R$7.4 billion, a decrease from the previous year, while net debt increased slightly to R$18.2 billion. Looking ahead, Cosan’s management remains focused on strengthening its capital structure and reducing indebtedness through strategic equity offerings and operational efficiencies.

