financetom
Business
financetom
/
Business
/
Brazil's Cosan cuts net loss to $1.12 billion in the fourth quarter
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil's Cosan cuts net loss to $1.12 billion in the fourth quarter
Mar 11, 2026 7:06 AM

SAO PAULO, March 10 (Reuters) - Brazilian conglomerate

Cosan ( CSAN ) reported on Tuesday a fourth-quarter net loss

of 5.8 billion reais ($1.12 billion), cutting its year-earlier

net loss by 38%.

Companies in Cosan's ( CSAN ) portfolio posted combined earnings

before interest, taxes, depreciation and amortization (EBITDA)

of 7.76 billion reais, down 3% year-over-year.

* Cosan's ( CSAN ) portfolio includes companies such as Raizen

, Rumo ( RUMOF ), Compass, Moove and Radar.

* Cosan ( CSAN ) last year raised over 10 billion reais through share

offerings to alleviate its debt.

* The firm said it took key steps in 2025 towards

strengthening its capital structure and reducing leverage.

* "We started 2026 with a simplified organizational

structure and the execution of debt prepayments," Cosan ( CSAN ) said in

the earnings report.

($1 = 5.1651 reais)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Graco to Shift Remaining Minneapolis Operations to Northwest Metro Area
Graco to Shift Remaining Minneapolis Operations to Northwest Metro Area
May 26, 2025
12:13 PM EDT, 05/21/2025 (MT Newswires) -- Graco ( GGG ) said Wednesday it will move the rest of its Riverside Minneapolis operations and corporate staff to its expanding sites in the northwest metro area. The company said it has operated along the Mississippi River in Northeast Minneapolis since the 1940s, but many teams have already relocated to facilities in...
Precore Gold Appoints Jacques Trottier as Head of Advisory Board
Precore Gold Appoints Jacques Trottier as Head of Advisory Board
May 26, 2025
12:13 PM EDT, 05/21/2025 (MT Newswires) -- Precore Gold (PRCG.CN) Wednesday appointed Jacques Trottier, a geologist and mining professional with more than 35 years experience, as head of Precore Gold's Advisory Board. Trottier is the founder and presently acts as the Executive Chairman of the Board of Amex Exploration, a junior gold exploration company. Jacques Trottier will undoubtedly make an...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
'Neocloud' Crusoe secures $11.6 billion funding for Texas data center
'Neocloud' Crusoe secures $11.6 billion funding for Texas data center
May 26, 2025
May 21 (Reuters) - AI infrastructure startup Crusoe has secured an additional $11.6 billion in funding to expand a data center it is constructing in Abilene, Texas to eight buildings from two, it said on Wednesday, bringing the total amount raised to $15 billion. Launched in 2018 as a cryptocurrency business, Crusoe has pivoted to building artificial intelligence infrastructure and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved