Cosan SA reported a negative net income of BRL320 million in Q2 2026, a significant improvement compared to the same period of the previous year. The company reduced its expanded net debt by 20% quarter-over-quarter to BRL9.2 billion, driven by debt prepayments and divestment proceeds. General and administrative expenses decreased by 36% year-over-year, saving BRL49 million in the first half of 2026. Cosan also announced the sale of a portion of Radar's land portfolio for BRL1.85 billion, with proceeds expected to further reduce debt. The company is simplifying its structure by delisting ADSs and pursuing deregistration to reduce costs and enhance efficiency.
Cosan SA ADRQ2 net loss narrowed, expanded net debt cut 20% via prepayments and divestments, and G&A costs fell 36%
Compass Inc