Q3 2025 Cosan SA Earnings Call (English, Portuguese) Transcript
Key Points
- Cosan SA (CSAN) reported an increase in transported volumes for Rumo, leading to a 4% rise in EBITDA.
- Compass experienced higher distributed volumes and increased participation in the residential segment, resulting in a 6% growth in EBITDA.
- Moove showed a 13% increase in volumes sold compared to the second quarter of 2025, indicating a recovery in operations.
- Raizen benefited from favorable weather conditions, which increased the pace of sugarcane harvesting.
- Cosan SA (CSAN) successfully completed two capital offerings, significantly improving its capital structure and attracting new strategic investors.
- Cosan SA (CSAN) reported a decrease in EBITDA by BRL1 billion compared to 2024, primarily due to challenges faced by Moove and Raizen.
- The company experienced a lower net income of negative BRL1.2 billion, impacted by lower EBITDA and higher financial expenses.
- Raizen faced lower sugar prices and reduced production volumes due to drought and fires, affecting its EBITDA.
- Moove's EBITDA was 7% lower, and the company is working to eliminate logistics and tax inefficiencies following a fire at the Ridner plant.
- Cosan SA (CSAN) has a debt service coverage ratio of 1 times, indicating a need to enhance its capital structure further.
Good morning, everyone, and thank you for waiting. Welcome to Cosan's third quarter 2025 earnings release conference call. (Operator Instructions) The conference call is being recorded and will be available on the company's IR website at cosan.com.br. (Operator Instructions) Please note that the information contained in this presentation and in statements that may be made during the conference call regarding Cosan's business prospects, projections and operating and financial goals are based on beliefs and assumptions of the company's Executive Board as well as information currently available. Forward-looking considerations are not a guarantee of performance as they involve risks, uncertainties and assumptions and refer to future events that depend on circumstances that may or may not materialize.
Investors should bear in mind that overall economic circumstances market conditions as well as other operating factors may affect Cosan's future performance and lead to results that differ materially from those expressed in such forward-looking statements.
I will now turn it over to Mr. Rodrigo
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