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Stock impact report

Goldman Sachs Maintains a Hold Rating on Cosan S.A. (CSAN) [Yahoo! Finance]

Cosan S.A. ADS (CSAN) 
Company Research Source: Yahoo! Finance
?The rating comes after Cosan S.A. (NYSE:CSAN) reported fiscal Q4 and full-year 2025 results on March 9. The company reported a net loss of R$5.8 billion for fiscal Q4 2025, reflecting 38% year-over-year improvement from R$9.3 billion net loss a year ago. For the full-year the net loss increased from R$9.4 billion in 2024 to a loss of R$9.7 billion in 2025. ?Management noted that the quarterly performance was impacted by non-recurring and non-cash impairment charges related to certain assets at Raízen, a Joint Venture that has been facing challenges due to increased debt of 55.3 billion reais by the end of December 2025. You can read about the challenges faced by Raízen here . Excluding the effects of Raízen, the company's net loss for the quarter was R$713 million and R$4.0 billion for the year. ?Notably, the company's net debt reduced 58% year-over-year to R$9.8 billion, mainly driven by capital injections from public offerings, the sale of Rumo shares, and favorable foreign ex Show less Read more
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