Cosan S.A. (CSAN) — Financial statements
Income statement, balance sheet, and cash flow for Cosan S.A. — annual and quarterly history with growth and margin analysis.
| Metric (BRL Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 39,625↓9.8% | 43,951↑11.4% | 39,468↑0.4% | 39,323↑50.7% | 26,093 | |
| Cost of Revenue | 26,708↓11.7% | 30,236↑5.9% | 28,550↓6.6% | 30,557↑50.8% | 20,263 | |
| Gross Profit | 12,917↓5.8% | 13,715↑25.6% | 10,919↑24.6% | 8,766↑50.4% | 5,830 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 2,845↑12.6% | 2,528↑43.8% | 1,758↑25.4% | 1,402 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 1,576↑16.7% | 1,351↑5.8% | 1,276↑76.4% | 723 | |
| SG&A Expenses | 4,292↓2.9% | 4,421↑14.0% | 3,879↑27.8% | 3,034↑42.8% | 2,125 | |
| Other Expenses | 112↑65079.1% | 0.17↑100.0% | -546↓144.1% | -224↓13.8% | -197 | |
| Operating Expenses | 4,404↓0.4% | 4,421↑32.7% | 3,332↑18.6% | 2,811↑45.7% | 1,928 | |
| Total Costs & Expenses | 31,112↓10.2% | 34,657↑8.7% | 31,882↓4.5% | 33,367↑50.4% | 22,192 | |
| Operating Results | ||||||
| Operating Income | 8,513↓8.4% | 9,294↑22.5% | 7,586↑27.4% | 5,955↑52.6% | 3,902 | |
| Depreciation & Amortization | 3,814↑17.0% | 3,260↓3.1% | 3,365↑11.6% | 3,014↑20.4% | 2,504 | |
| EBITDA | 12,327↓6.7% | 13,217↓6.4% | 14,117↑26.8% | 11,136↓12.0% | 12,650 | |
| EBIT | 8,513↓14.5% | 9,957↓7.4% | 10,752↑32.4% | 8,121↓20.0% | 10,146 | |
| Interest & Other Income | ||||||
| Net Interest Income | 969↑120.6% | -4,706↓50.3% | -3,130↑4.9% | -3,292↓14.2% | -2,882 | |
| Interest Income | 3,170↑29.9% | 2,441↓2.7% | 2,508↑15.2% | 2,177↑115.1% | 1,012 | |
| Interest Expense | 2,201↓69.2% | 7,146↑26.8% | 5,638↑3.1% | 5,469↑40.4% | 3,895 | |
| Non-Operating Income | 0.00↑100.0% | -663↑79.0% | -3,165↓46.1% | -2,166↑65.3% | -6,244 | |
| Other Income / Expenses | -16,347↓12.4% | -14,539↓488.0% | -2,473↑25.1% | -3,303↓240.6% | 2,349 | |
| Income Before Tax | -7,834↓49.4% | -5,245↓202.6% | 5,114↑92.8% | 2,653↓57.6% | 6,251 | |
| Income Tax Expense | 2,160↓32.3% | 3,191↑1062.6% | 274↑331.8% | -118↑73.4% | -446 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -9,994↓18.5% | -8,436↓274.3% | 4,839↑74.6% | 2,771↓58.6% | 6,696 | |
| Net Income from Discontinued Operations | 0.00↓100.0% | 274↑503.0% | 45↓8.9% | 50 | 0.00 | |
| Net Income | -9,531↓1.1% | -9,424↓961.1% | 1,094↓6.9% | 1,176↓81.4% | 6,312 | |
| Bottom-Line Net Income | -9,531↑1.7% | -9,698↓986.1% | 1,094↓6.9% | 1,176↓81.4% | 6,307 | |
| EPS (Basic) | -15.28↓42.5% | -10.72↓1008.5% | 1.18↓60.9% | 3.02↓54.8% | 6.68 | |
| EPS (Diluted) | -15.28↓46.6% | -10.42↓998.3% | 1.16↓61.3% | 3.00↓55.0% | 6.66 | |
| Weighted Average Shares | 625↓31.0% | 905↓3.0% | 934↓0.1% | 935↑1.9% | 917 | |
| Weighted Average Diluted Shares | 625↓33.0% | 931↓0.6% | 937↓0.0% | 937↑1.9% | 920 | |
* All figures in Millions of BRL, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.