Cosan Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	12,898	16,904	14,658	13,302	16,174	4,614
Short-Term Investments	3,204	3,273	0.69	88.96	-	848.82
Trading Asset Securities	-	-	3,408	2,422	4,373	2,428
Cash & Short-Term Investments	16,102	20,176	18,067	15,813	20,547	7,891
Cash Growth	-16.60%	11.68%	14.25%	-23.04%	160.40%	-5.59%
Accounts Receivable	3,985	3,730	3,439	3,878	2,635	1,625
Other Receivables	2,019	2,030	2,034	2,174	1,928	723
Receivables	6,003	5,761	5,473	6,052	4,563	2,348
Inventory	2,112	2,073	1,793	1,869	1,149	685.9
Restricted Cash	11.95	28.01	7.86	8.02	-	-
Other Current Assets	2,656	2,736	3,270	1,836	1,034	511.81
Total Current Assets	26,886	30,774	28,610	25,578	27,293	11,436
Property, Plant & Equipment	35,026	32,978	30,753	26,961	24,596	501.22
Long-Term Investments	9,959	21,337	29,452	33,813	11,732	11,293
Goodwill	1,699	-	1,392	1,460	1,133	977.31
Other Intangible Assets	24,776	26,331	21,258	20,662	16,649	9,068
Long-Term Accounts Receivable	1,222	1,380	1,203	1,368	918.79	715.07
Long-Term Deferred Tax Assets	3,621	4,495	5,609	4,474	3,052	629.59
Other Long-Term Assets	22,550	23,970	21,587	20,169	12,469	1,140
Total Assets	125,739	141,266	139,865	134,485	97,842	35,761
Accounts Payable	4,344	5,169	4,208	4,641	3,481	1,919
Accrued Expenses	1,322	1,433	1,537	1,484	1,089	562.96
Short-Term Debt	-	4,403	-	-	148.93	1,537
Current Portion of Long-Term Debt	3,890	-	4,882	4,542	4,092	814.84
Current Portion of Leases	994.42	1,008	733.06	550.53	405.82	20.47
Current Income Taxes Payable	327.95	414.82	445.93	204.39	71.22	374.34
Other Current Liabilities	4,095	5,486	4,352	4,375	3,668	1,187
Total Current Liabilities	14,974	17,913	16,159	15,798	12,957	6,415
Long-Term Debt	57,024	62,052	52,022	48,445	41,418	13,075
Long-Term Leases	5,363	5,502	4,543	2,982	2,862	59.3
Long-Term Unearned Revenue	14.85	16.59	19.13	624.8	36.44	-
Pension & Post-Retirement Benefits	590.85	526.62	617.65	575.84	669.48	728.68
Long-Term Deferred Tax Liabilities	5,999	5,974	5,225	5,469	3,818	1,271
Other Long-Term Liabilities	9,719	9,883	10,298	12,421	7,211	2,319
Total Liabilities	93,685	101,868	88,884	86,316	68,972	23,868
Common Stock	8,183	8,833	8,683	8,403	6,366	5,727
Additional Paid-In Capital	1,161	-	2,562	2,320	-	-
Retained Earnings	-3,919	-649.81	9,490	9,470	10,656	6,896
Treasury Stock	-78.35	-50.71	-93.92	-107.14	-69.06	-583.94
Comprehensive Income & Other	554.77	2,772	314.33	567.55	-2,212	-1,192
Total Common Equity	5,901	10,904	20,955	20,653	14,741	10,848
Minority Interest	26,153	28,495	30,026	27,516	14,129	1,045
Shareholders' Equity	32,054	39,398	50,981	48,169	28,870	11,893
Total Liabilities & Equity	125,739	141,266	139,865	134,485	97,842	35,761
Total Debt	67,271	72,965	62,180	56,519	48,927	15,507
Net Cash (Debt)	-50,833	-52,675	-44,017	-21,029	-28,365	-7,616
Net Cash Per Share	-27.33	-28.02	-23.48	-11.22	-15.42	-4.92
Filing Date Shares Outstanding	1,859	1,863	1,868	1,867	1,869	1,530
Total Common Shares Outstanding	1,859	1,863	1,868	1,867	1,869	1,530
Working Capital	11,912	12,862	12,451	9,780	14,336	5,021
Book Value Per Share	3.17	5.85	11.22	11.06	7.89	7.09
Tangible Book Value	-20,574	-15,427	-1,695	-1,469	-3,041	802.37
Tangible Book Value Per Share	-11.07	-8.28	-0.91	-0.79	-1.63	0.52
Land	2,560	-	2,218	2,135	2,001	262.44
Machinery	14,468	-	10,798	9,937	9,714	289.85
Construction In Progress	8,636	-	4,786	4,315	3,245	53.42

Source: S&P Global Market Intelligence. Standard template. Financial Sources.