Earnings ·
Cosan reported a net loss of R$320 million for the second quarter of 2026, an improvement from the R$946 million loss…
CSANCosan S.A.
Cosan reported a net loss of R$320 million for the second quarter of 2026, an improvement from the R$946 million loss in the prior year period. The company completed a secondary IPO of Compass shares on B3, generating approximately R$2.3 billion in net proceeds, which facilitated early debt settlements totaling R$8.8 billion in the first half of 2026. Expanded net debt declined 20% to R$9.2 billion compared to the first quarter. Cosan announced a letter of intent to sell its Port São Luís terminal for an indicative price of R$300 million plus earn-outs, recording a corresponding impairment expense of R$247 million in the quarter. Additionally, Raízen’s out-of-court restructuring plan received court approval from 81.6% of unsecured creditors. Cosan operates as a diversified energy and logistics conglomerate based in Brazil.