Cosan Income Statement

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
Revenue	40,419	43,951	39,468	39,323	26,093
Revenue Growth (YoY)	-8.04%	11.36%	0.37%	50.70%	27.67%
Cost of Revenue	27,243	30,236	28,550	30,557	20,263
Gross Profit	13,176	13,715	10,919	8,766	5,830
Selling, General & Admin	4,378	4,421	3,879	3,034	2,125
Other Operating Expenses	7,365	10,732	3,879	3,034	2,125
Total Operating Expenses	11,743	15,153	7,757	6,069	4,250
Operating Income	1,432	-1,438	3,162	2,697	1,580
Interest Income	-17,747	-5,711	7,121	6,431	10,700
Interest Expense	8,950	7,637	11,337	4,707	2,528
Other Non-Operating Income (Expense)	-10,217	-12,518	-7,485	-11,387	-3,846
Total Non-Operating Income (Expense)	-19,014	-10,592	10,973	-249.37	9,382
Pretax Income	-17,581	-12,030	14,135	2,448	10,962
Provision for Income Taxes	2,203	3,191	274.43	-118.4	-445.58
Net Income	-9,722	-9,424	1,094	1,176	6,312
Minority Interest in Earnings	-472.28	1,262	3,790	1,645	384.32
Earnings From Discontinued Operations	-	273.88	45.42	49.85	-
Net Income to Common	-9,722	-9,424	1,094	1,176	6,312
Net Income Growth	-	-	-6.94%	-81.37%	634.41%
Shares Outstanding (Basic)	625	466	467	467	459
Shares Outstanding (Diluted)	618	466	469	469	460
Shares Change (YoY)	32.64%	-0.64%	-0.01%	1.92%	-0.11%
EPS (Basic)	-15.56	-20.64	2.32	2.48	13.76
EPS (Diluted)	-15.76	-20.64	2.32	2.48	13.72
EPS Growth	-	-	-6.45%	-81.92%	639.51%
Free Cash Flow	4,567	5,247	4,008	5,441	372.35
Free Cash Flow Growth	-12.96%	30.89%	-26.33%	1361.21%	-77.05%
Free Cash Flow Per Share	7.39	11.27	8.55	11.61	0.81
Dividends Per Share	-	0.451	-	0.429	0.803
Dividend Growth	-	-	-	-46.61%	211.62%
Gross Margin	32.60%	31.20%	27.66%	22.29%	22.34%
Operating Margin	3.54%	-3.27%	8.01%	6.86%	6.06%
Profit Margin	-48.95%	-34.63%	35.12%	6.53%	43.72%
FCF Margin	11.30%	11.94%	10.16%	13.84%	1.43%
EBITDA	5,323	2,430	6,526	5,712	4,084
EBITDA Margin	13.17%	5.53%	16.54%	14.53%	15.65%
EBIT	1,432	-1,438	3,162	2,697	1,580
EBIT Margin	3.54%	-3.27%	8.01%	6.86%	6.06%
Effective Tax Rate	-12.53%	-26.52%	1.94%	-4.84%	-4.06%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q