Cosan S.A. (BVMF:CSAN3)
Brazil · Delayed Price · Currency is BRL 3.320
+0.110 (3.43%)
Aug 13, 2026, 5:05 PM GMT-3
Cosan Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Net Income | -9,518 | -9,722 | -9,424 | 1,094 | 1,176 | 6,123 |
Depreciation & Amortization | 3,894 | 3,891 | 3,869 | 3,365 | 3,014 | 2,222 |
Other Amortization | 434.11 | 452.94 | 113.14 | 64.59 | 244.34 | 119.89 |
Loss (Gain) From Sale of Assets | 84 | 99.32 | -141.86 | 17.02 | 13.04 | -6.77 |
Asset Writedown & Restructuring Costs | -65.03 | 52.48 | 1,882 | -2,260 | -1,312 | -17.12 |
Loss (Gain) From Sale of Investments | 84.09 | -122.3 | 346.14 | -110.13 | -988.08 | 246.1 |
Loss (Gain) on Equity Investments | 9,501 | 10,665 | 4,183 | -2,046 | -326.72 | -4,720 |
Stock-Based Compensation | 67.65 | 71.73 | 65.9 | 207.71 | 99.09 | 50.41 |
Provision & Write-off of Bad Debts | 34.51 | 44.48 | 52.84 | 74.71 | 28.46 | -3.03 |
Other Operating Activities | 11,783 | 10,838 | 14,788 | 12,320 | 8,731 | 2,466 |
Change in Accounts Receivable | 121.97 | 539.73 | 546.22 | 573.74 | -6.33 | -315.61 |
Change in Inventory | 1.39 | -107.77 | 159.67 | -83.17 | -423.43 | -243.62 |
Change in Accounts Payable | -90.19 | -246.61 | -180.87 | -252.81 | 510.62 | 679.77 |
Change in Unearned Revenue | - | - | - | - | 592.6 | - |
Change in Income Taxes | -1,132 | -1,241 | -1,200 | -1,272 | -1,091 | -1,113 |
Change in Other Net Operating Assets | -1,432 | -2,188 | -1,978 | -1,416 | -290.97 | -265.25 |
Operating Cash Flow | 13,768 | 13,027 | 13,081 | 10,276 | 9,972 | 5,222 |
Operating Cash Flow Growth | 7.02% | -0.42% | 27.29% | 3.05% | 90.97% | 143.70% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Capital Expenditures | -8,473 | -8,460 | -7,835 | -6,268 | -4,531 | -4,067 |
Sale of Property, Plant & Equipment | 43.24 | 9.47 | 36.93 | 4.64 | 9.32 | 3.09 |
Cash Acquisitions | -829.29 | -867.34 | -979.43 | -702.58 | -5,289 | 7,117 |
Divestitures | -11 | - | - | 99.04 | - | - |
Investment in Securities | -277.84 | 9,945 | 3,234 | 83.01 | -12,219 | 1,094 |
Other Investing Activities | -41.62 | -703.25 | 1,055 | 2,481 | 1,303 | 857.69 |
Investing Cash Flow | -9,589 | -76.07 | -4,488 | -4,303 | -20,727 | 5,005 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Long-Term Debt Issued | - | 11,547 | 16,983 | 12,786 | 23,887 | 11,391 |
Long-Term Debt Repaid | - | -15,039 | -12,882 | -8,545 | -15,679 | -10,950 |
Net Debt Issued (Repaid) | -3,556 | -3,492 | 4,101 | 4,241 | 8,208 | 440.39 |
Issuance of Common Stock | 10,313 | 10,280 | - | - | 2.37 | 8.43 |
Repurchase of Common Stock | -282.3 | -532.03 | -397.88 | -103.28 | -84.59 | -34.53 |
Common Dividends Paid | -2,278 | -2,693 | -3,447 | -2,582 | -1,908 | -1,841 |
Other Financing Activities | -5,453 | -5,915 | -6,862 | -6,072 | 2,068 | 2,476 |
Financing Cash Flow | -1,257 | -2,352 | -6,606 | -4,517 | 8,286 | 1,049 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Foreign Exchange Rate Adjustments | -267.18 | -258.63 | 257.9 | -100 | -404.34 | 283.67 |
Net Cash Flow | 2,655 | 10,340 | 2,245 | 1,357 | -2,872 | 11,560 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Free Cash Flow | 5,295 | 4,567 | 5,247 | 4,008 | 5,441 | 1,155 |
Free Cash Flow Growth | 23.67% | -12.96% | 30.89% | -26.33% | 370.97% | 5.96% |
Free Cash Flow Margin | 13.31% | 11.30% | 11.94% | 10.16% | 13.84% | 4.64% |
Free Cash Flow Per Share | 1.76 | 1.83 | 2.82 | 2.14 | 2.90 | 0.63 |
Levered Free Cash Flow | 511.6 | -3,687 | 181.68 | -1,905 | -1,274 | -615.13 |
Unlevered Free Cash Flow | 4,958 | 684.48 | 4,228 | 1,106 | 1,682 | 1,620 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 Interest Paid | 5,516 | 5,160 | 5,137 | 3,789 | 3,654 | 142.48 |
Cash Income Tax Paid | 1,132 | 1,241 | 1,200 | 361.73 | 318.85 | 462.12 |
Change in Working Capital | -2,531 | -3,243 | -2,654 | -2,451 | -708.2 | -1,258 |