Cosan Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	27,244	16,904	14,658	13,302	16,174
Short-Term Investments	0.61	0.68	0.69	88.96	-
Trading Asset Securities	2,588	3,273	3,408	2,422	4,373
Cash & Short-Term Investments	29,833	20,177	18,067	15,813	20,547
Cash Growth	47.85%	11.68%	14.25%	-23.04%	160.40%
Accounts Receivable	3,670	3,881	3,439	3,878	2,635
Other Receivables	2,275	1,880	2,034	2,174	1,928
Receivables	5,945	5,761	5,473	6,052	4,563
Inventory	1,969	2,073	1,793	1,869	1,149
Restricted Cash	45.78	28.01	7.86	8.02	-
Other Current Assets	2,295	2,736	3,270	1,836	1,034
Total Current Assets	40,088	30,774	28,610	25,578	27,293
Property, Plant & Equipment	36,459	32,978	30,753	26,961	24,596
Long-Term Investments	2,191	21,341	29,452	33,813	11,732
Goodwill	1,764	1,585	1,392	1,460	1,133
Other Intangible Assets	24,943	24,746	21,258	20,662	16,649
Long-Term Accounts Receivable	1,202	1,402	1,203	1,368	918.79
Long-Term Deferred Tax Assets	3,704	4,495	5,609	4,474	3,052
Other Long-Term Assets	24,768	23,945	21,587	20,169	12,469
Total Assets	135,118	141,266	139,865	134,485	97,842
Accounts Payable	4,287	5,527	4,208	4,641	3,481
Accrued Expenses	1,409	1,490	1,537	1,484	1,089
Short-Term Debt	-	-	-	-	148.93
Current Portion of Long-Term Debt	3,919	4,403	4,882	4,542	4,092
Current Portion of Leases	982.99	1,008	733.06	550.53	405.82
Current Income Taxes Payable	153.31	414.82	445.93	204.39	71.22
Other Current Liabilities	4,797	5,070	4,352	4,375	3,668
Total Current Liabilities	15,548	17,913	16,159	15,798	12,957
Long-Term Debt	60,308	62,052	52,022	48,445	41,418
Long-Term Leases	5,430	5,502	4,543	2,982	2,862
Long-Term Unearned Revenue	14.36	16.59	19.13	624.8	36.44
Pension & Post-Retirement Benefits	559.83	545.72	617.65	575.84	669.48
Long-Term Deferred Tax Liabilities	6,125	5,974	5,225	5,469	3,818
Other Long-Term Liabilities	16,122	9,864	10,298	12,421	7,211
Total Liabilities	104,108	101,868	88,884	86,316	68,972
Common Stock	10,283	8,833	8,683	8,403	6,366
Additional Paid-In Capital	4,194	2,206	2,562	2,320	-
Retained Earnings	-9,722	-649.81	9,490	9,470	10,656
Treasury Stock	-76.15	-50.71	-93.92	-107.14	-69.06
Comprehensive Income & Other	625.55	565.86	314.33	567.55	-2,212
Total Common Equity	5,304	10,904	20,955	20,653	14,741
Minority Interest	25,705	28,495	30,026	27,516	14,129
Shareholders' Equity	31,010	39,398	50,981	48,169	28,870
Total Liabilities & Equity	135,118	141,266	139,865	134,485	97,842
Total Debt	70,640	72,965	62,180	56,519	48,927
Net Cash (Debt)	-40,403	-52,675	-44,017	-21,029	-28,365
Net Cash Per Share	-16.17	-28.28	-23.48	-11.22	-15.42
Filing Date Shares Outstanding	3,959	1,863	1,868	1,867	1,869
Total Common Shares Outstanding	3,959	1,863	1,868	1,867	1,869
Working Capital	24,539	12,862	12,451	9,780	14,336
Book Value Per Share	1.34	5.85	11.22	11.06	7.89
Tangible Book Value	-21,402	-15,427	-1,695	-1,469	-3,041
Tangible Book Value Per Share	-5.41	-8.28	-0.91	-0.79	-1.63
Land	2,579	2,568	2,218	2,135	2,001
Machinery	15,097	13,124	10,798	9,937	9,714
Construction In Progress	10,411	7,081	4,786	4,315	3,245

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.