Brazil Holding Cosan Back in Profit
Brazil's Cosan returned to a US$34 million profit in the third quarter and cut expanded net debt 48% to US$1.7 billion, the company said on 13 November. The post Brazil Holding Cosan Back in Profit appeared first on The Rio Times .
Brazilian holding company Cosan returned to profitability in the third quarter of 2026, reversing a significant loss from the previous year. The company reported a net profit of R$190 million (around US$34 million) attributable to controlling shareholders, compared to a loss of R$1.185 billion (around US$209 million) in the same period last year.
The turnaround resulted from higher contributions from its investees, improved financial results, and reduced overhead costs. Notably, the company recorded no equity-method income from its partnership with Raízen, as the fuel venture did not impact its profit this time. Net revenue for Cosan grew by 6% to R$11.288 billion (about US$1.99 billion), while adjusted EBITDA, which measures operating profit before interest, tax, and depreciation, reached R$4.361 billion (about US$770 million), a 55% increase from the same quarter in 2025.
The rail division, Rumo, reported a R$439 million (around US$77 million) profit, up 6%, and its adjusted EBITDA declined by 4% to R$2.217 billion (about US$391 million). Gas distribution group Compass saw its net profit rise 37% to R$591 million (about US$104 million), despite a 4% drop in gas volumes. Cosan's lubricants arm, Moove, reported a 26% increase in net revenue to R$3.078 billion (about US$543 million), and Radar, the land business, recorded an 11% increase in EBITDA to R$117 million (about US$21 million).
Cosan's net debt, measured broadly, decreased to R$9.5 billion (about US$1.7 billion) by the end of September 2026, a 48% reduction from the prior year and a 3% increase from the end of June.
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