Cosan reported a challenging third quarter with an EBITDA of BRL 7.4 billion, down BRL 1 billion year-over-year, resulting in a net loss of BRL 1.2 billion due to heightened financial expenses and operational pressures across its business segments.
- EBITDA decline attributed primarily to lower performance in Moove, Radar, and Raizen, with overall net income turning negative.
- Rumo showed a 4% increase in EBITDA despite reduced average tariffs, underscoring efforts to enhance competitiveness in Brazilian logistics.
- Compass reported a 6% growth in EBITDA driven by increased residential segment volumes, enhancing margin profiles.
- Raizen’s fuel distribution segment achieved healthier margins, benefiting from regulatory actions against irregular players.
- Company is prioritizing capital restructuring to strengthen its financial position following management changes and strategic asset reviews.
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