Cosan S.A. ( (CSAN) ) has released its Q3 earnings. Here is a breakdown of the information Cosan S.A. presented to its investors.
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Cosan S.A. is a Brazilian conglomerate with diversified interests across sectors such as energy, logistics, and agribusiness, and is known for its strategic investments and operational efficiency. In the third quarter of 2024, Cosan faced a challenging macroeconomic environment with high interest rates but managed to implement effective capital allocation and liability management strategies. Key financial highlights included a net income of R$293 million, a 57% drop from the previous year due to lower contributions from equity pickup, and a reduction in gross debt to R$24.2 billion. The company’s EBITDA under management grew modestly to R$8.2 billion, with notable performances from subsidiaries like Rumo and Moove, despite challenges in other areas. Looking ahead, Cosan remains focused on optimizing its capital structure and continuing its strategic investments, supported by a stable management team aligned with its long-term goals.
