Companhia Siderúrgica Nacional ( (SID) ) has released its Q4 earnings. Here is a breakdown of the information Companhia Siderúrgica Nacional presented to its investors.
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Companhia Siderúrgica Nacional (CSN) is a major Brazilian steel producer and mining company, known for its integrated operations in steel, mining, cement, logistics, and energy sectors. It stands out for its resilience and efficiency in the steel industry.
CSN reported strong financial results for the fourth quarter of 2024, achieving its best quarter of the year despite seasonal challenges. The company attributed its success to solid operational performance, price improvements, and effective cost control, resulting in an adjusted EBITDA of R$ 3.3 billion for the quarter and R$ 10.2 billion for the year.
Key highlights include a significant recovery in iron ore prices, which boosted the mining segment’s results, achieving an adjusted EBITDA margin surpassing 50%. The cement segment also reached new profitability levels with an EBITDA margin of 33%, while the steel segment saw a strong margin recovery with an adjusted EBITDA of R$ 655.9 million. Additionally, CSN’s strategic sale of a stake in CMIN and disciplined M&A activities reinforced its commitment to reducing leverage.
Despite a net loss of R$ 85 million in the fourth quarter, CSN showed an 88.7% improvement over the previous quarter, driven by strong operational results. The company remains focused on reducing leverage and improving cash flow, with a record cash reserve of nearly R$ 25 billion.
Looking ahead, CSN’s management remains optimistic about the company’s prospects, emphasizing continued operational excellence and strategic initiatives to enhance profitability and reduce debt levels in 2025.