The earnings call highlighted CSN's strong performance in several segments, particularly in EBITDA growth and debt reduction. However, challenges such as the impact of iron ore prices and intense competition in the steel market were noted. The overall sentiment is cautiously optimistic, with significant achievements balanced by market challenges.

Company Guidance

During the CSN earnings call for the second quarter of 2025, several metrics highlighted the company's performance and strategic direction. CSN achieved an EBITDA of BRL 2.6 billion, with a margin of 23.5%, marking an expansion of 5% and an increase of 1.4 percentage points compared to the first quarter of 2025. The company reduced its gross debt by BRL 5.7 billion, bringing leverage below 7 points compared to the previous year. Despite a drop in mining EBITDA due to lower iron ore prices, CSN maintained operational excellence with mining cash costs at less than $21 per ton. In the steel segment, a focus on value over volume amidst competitive pressures led to a 79% year-on-year increase in EBITDA, reaching a 10.8% margin for the quarter. The cement segment saw an 8% growth in sales volume and a 10% increase in net revenue, resulting in an EBITDA margin of 24%. Logistics also set a new EBITDA record at BRL 519 million, with a 44.1% margin, partly bolstered by the integration of Tora. The company's CapEx grew by 18.2% quarter-over-quarter, driven by infrastructure investments, while adjusted cash flow remained negative due to accelerated expansion projects and financial expenses. Looking forward, the company aims to continue deleveraging and enhancing cost control across its diversified portfolio to achieve its annual goals.

Strong EBITDA Growth

CSN achieved an EBITDA of BRL 2.6 billion with a margin of 23.5%, an expansion of 5% and 1.4 percentage points compared to the first quarter of 2025.

Deleveraging Success

The company reduced gross debt by BRL 5.7 billion this quarter, significantly lowering leverage.

Record Mining Sales

The mining segment achieved the second highest sales in history, with volumes reaching 11.8 million tons.

Steel Segment Profitability

Despite market challenges, the steel segment reported a 79% year-on-year increase in EBITDA and reached a 10.8% margin.

Cement Segment Resilience

Cement sales volumes grew by 8% quarterly, with a 10% increase in net revenue and an EBITDA margin of 24%.

Logistics and Energy Segment Achievements

The logistics segment achieved a new EBITDA record, and the energy segment saw a fivefold increase in EBITDA compared to the same period in 2024.

Companhia Siderúrgica Nacional (SID) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SID Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	-0.02 / -	-0.098	―	―	―
Jul 31, 2025	2025 (Q2)	-0.02 / 0.02	-0.029	162.07% (+0.05)
May 08, 2025	2025 (Q1)	-0.03 / -0.10	-0.068	-44.12% (-0.03)
Mar 12, 2025	2024 (Q4)	-0.13 / -0.01	0.124	-108.87% (-0.14)
Nov 12, 2024	2024 (Q3)	0.15 / -0.10	-0.024	-308.33% (-0.07)
Aug 12, 2024	2024 (Q2)	-0.06 / -0.03	0.029	-200.00% (-0.06)
May 09, 2024	2024 (Q1)	0.03 / -0.07	-0.118	42.37% (+0.05)
Mar 06, 2024	2023 (Q4)	0.13 / 0.12	0.002	6100.00% (+0.12)
Nov 13, 2023	2023 (Q3)	0.06 / -0.02	0.02	-220.00% (-0.04)	―	―
Aug 02, 2023	2023 (Q2)	0.10 / 0.03	0.041	-29.27% (-0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SID Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$1.45	$1.39	-4.14%
May 08, 2025	$1.72	$1.58	-8.14%
Mar 12, 2025	$1.46	$1.58	+8.22%
Nov 12, 2024	$1.86	$1.75	-5.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Companhia Siderúrgica Nacional (SID) report earnings?

Companhia Siderúrgica Nacional (SID) is schdueled to report earning on Nov 12, 2025, TBA (Confirmed).

What is Companhia Siderúrgica Nacional (SID) earnings time?

Companhia Siderúrgica Nacional (SID) earnings time is at Nov 12, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SID EPS forecast?

SID EPS forecast for the fiscal quarter 2025 (Q3) is -0.02.

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