Cosan S.A. released its first-quarter 2026 earnings presentation alongside the results announcement on May 14, 2026. The company posted consolidated net sales of R$9.03 billion, a slight decline from R$9.66 billion in the prior-year quarter.39
Strong EBITDA Growth
EBITDA surged to R$3.17 billion, up significantly from R$1.98 billion year-over-year, fueled by robust performances in the Compass, Moove, and Rumo segments.39 The net loss narrowed to R$1.34 billion from R$1.94 billion in Q1 2025, with basic earnings per share at R$(0.40).39
Segment Breakdown
- Compass (Gas & Energy): Net sales reached R$3.16 billion, with EBITDA of R$1.33 billion.
- Moove (Lubricants): Generated net sales of R$2.46 billion and EBITDA of R$236 million.
- Rumo (Logistics): Reported net sales of R$3.28 billion and leading EBITDA of R$1.58 billion.
- Radar: Net sales of R$128 million, EBITDA R$103 million.
These figures reflect operational strength across core businesses.39
Balance Sheet and Strategic Moves
Cash and equivalents stood at R$17.5 billion, down from R$27.2 billion. The company reduced debt by R$6.2 billion via debenture and bond redemptions, while securing new long-term funding. Cosan repurchased 52.6 million shares for R$271 million and received insurance proceeds from a Moove plant fire and gains from selling its remaining Vale stake.39
Officials highlighted ongoing deleveraging efforts and liquidity maintenance amid challenges at joint venture Raízen, which entered reorganization; Cosan’s investment there is fully written down with no further obligations.39
