Cosan S.A. released its fourth-quarter 2024 earnings, revealing a negative net income of R$900 million for the full year 2024. This loss was primarily influenced by the depreciation of the Brazilian Real and mark-to-market impacts on its total return swap.
Despite the net loss, the company reported an EBITDA under management of approximately R$30 billion for the full year 2024, excluding nonrecurring items. This indicates underlying operational performance separate from the financial impacts.
The financial results underscore the challenging macroeconomic environment faced by Cosan. Management's focus remains on addressing its capital structure and improving overall profitability in the coming periods.
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