CSANY on OTC
Cosan S.A.
We are a publicly-held company incorporated under the laws of Brazil on July 8, 1966 for an indefinite term.1
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerCSANY on OTC1
- IndustryRetail-Auto Dealers & Gasoline Stations1
- HeadquartersD51
- Incorporated inBrazil2
- Business addressAv. Brigadeiro Faria Lima, 4100, 16Th Floor, Sao Paulo, Sp, D5 04538-1322
- Filer categoryLarge accelerated filer2
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We are a publicly-held company incorporated under the laws of Brazil on July 8, 1966 for an indefinite term. Cosan S.A. is registered with the Junta Comercial do Estado de São Paulo in Brazil under registration number 35.300.177.045. Our legal name is Cosan S.A. and our commercial name is “ Cosan. ” Our registered office is located at Av. Brigadeiro Faria Lima, 4,100 – 16 th floor, São Paulo – SP, 04538-132, Brazil and our general telephone and fax numbers are 55 11 3897-9797 and 55 11 3897-9799, respectively. Our website is https://www.cosan.com.br/en. In addition, the SEC maintains a website that contains information which we have filed electronically with the SEC, including our annual reports, periodic reports and other filings, which can be accessed at https://www.sec.gov. The information contained on our website, any website mentioned in this annual report or any website directly or…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.
Key numbers, fiscal 2024
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Raizen brought in 85% of the revenue Cosan S.A. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Raizen | 221.7B BRL | 251.2B BRL | 228.8B BRL |
| Compass [member] | 17.8B BRL | 18.4B BRL | 16.6B BRL |
| Rumo [member] | 10.9B BRL | 13.9B BRL | 13.8B BRL |
| Moove [member] | 10.1B BRL | 10.2B BRL | 9.3B BRL |
| Radar | 743.4M BRL | 1.4B BRL | 653.8M BRL |
Regions
B R brought in 86% of the revenue Cosan S.A. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| B R | 33.8B BRL | 38.2B BRL | 34.7B BRL |
| Europe | 3.1B BRL | 3.1B BRL | 3.2B BRL |
| United States | 2.5B BRL | 2.4B BRL | 2.2B BRL |
| Latin America | 144.9M BRL | 304.1M BRL | 278.2M BRL |
| Asia and Other [member] | 40.9M BRL |
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue69¢30.2B BRL
- Other costs7¢2.9B BRL
- Interest17¢7.6B BRL
- Income tax7¢3.2B BRL
Out of 44.0B BRL in revenue.4 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | 40.4B BRL | 44.0B BRL | 39.5B BRL |
| Cost of sales | -27.2B BRL | -30.2B BRL | -28.5B BRL |
| Gross profit | 13.2B BRL | 13.7B BRL | 10.9B BRL |
| Selling expenses | -1.9B BRL | -1.6B BRL | -1.4B BRL |
| General and administrative expenses | -2.5B BRL | -2.8B BRL | -2.5B BRL |
| Other operating income (expenses), net | 3.2B BRL | 1.5B BRL | 3.9B BRL |
| Impairment | -1.5B BRL | -3.2B BRL | |
| Operating expenses | -2.7B BRL | -6.0B BRL | 45.8M BRL |
| Profit before equity in earnings of investees, finance results and income taxes | 10.5B BRL | 7.7B BRL | 11.0B BRL |
| Impairment in associate | -4.7B BRL | ||
| Interest in earnings of associates | 219.9M BRL | 1.7B BRL | 350.4M BRL |
| Interest in (losses) earnings of joint ventures | -10.9B BRL | -1.2B BRL | 1.7B BRL |
| Equity in (losses) earnings of investees | -10.7B BRL | -4.2B BRL | 2.0B BRL |
| Finance expense | -8.9B BRL | -7.6B BRL | -11.3B BRL |
| Finance income | 3.6B BRL | 2.7B BRL | 3.0B BRL |
| Foreign exchange, net | 2.4B BRL | -5.7B BRL | 1.8B BRL |
| Net effect of derivatives | -4.8B BRL | 2.0B BRL | -1.4B BRL |
| Finance results, net | -7.8B BRL | -8.7B BRL | -7.9B BRL |
| (Loss) profit before income taxes | -8.0B BRL | -5.2B BRL | 5.1B BRL |
| Current | -1.3B BRL | -2.0B BRL | -1.6B BRL |
| Deferred | -916.8M BRL | -1.2B BRL | 1.4B BRL |
| Income taxes | -2.2B BRL | -3.2B BRL | -274.4M BRL |
| (Loss) profit for the year from continued operations | -10.2B BRL | -8.4B BRL | 4.8B BRL |
| Profit for the year from discontinued operations, net of tax | 273.9M BRL | 45.4M BRL | |
| (Loss) profit for the year | -10.2B BRL | -8.2B BRL | 4.9B BRL |
| Remeasurement gain on defined benefit plans | 2.5M BRL | 150.9M BRL | 18.3M BRL |
| Loss in fair value of financial liabilities designated at fair value through profit or loss attributable to changes in credit risk | -89.3M BRL | ||
| Income tax impact | 25.7M BRL | -43.6M BRL | -65.5M BRL |
| Items that will never be reclassified to profit or loss | -61.0M BRL | 107.3M BRL | -47.2M BRL |
| Foreign currency translation differences | -55.0M BRL | 537.1M BRL | -172.5M BRL |
| Gain (loss) on cash flow hedge | 242.3M BRL | -538.3M BRL | -132.3M BRL |
| Income tax impact | -42.0M BRL | 144.6M BRL | 7.1M BRL |
| Items that are or may be reclassified subsequently to profit or loss | 145.2M BRL | 143.5M BRL | -297.7M BRL |
| Total other comprehensive income (loss), net of tax | 84.2M BRL | 250.8M BRL | -345.0M BRL |
| Comprehensive (loss) income from continued operations | -10.1B BRL | -8.2B BRL | 4.5B BRL |
| Comprehensive income from discontinued operations | 273.9M BRL | 45.4M BRL | |
| Owners of the Company | -9.7B BRL | -9.4B BRL | 1.1B BRL |
| Non-controlling interests | -472.3M BRL | 1.3B BRL | 3.8B BRL |
| Owners of the Company | -9.6B BRL | -9.2B BRL | 841.2M BRL |
| Non-controlling interests | -462.8M BRL | 1.3B BRL | 3.7B BRL |
| Total comprehensive (loss) income for the year | -10.1B BRL | -7.9B BRL | 4.5B BRL |
| Basic | -3.89 BRL | -5.16 BRL | 0.58 BRL |
| Diluted | -3.94 BRL | -5.16 BRL | 0.58 BRL |
| Basic | 0.10 BRL | 0.01 BRL | |
| Diluted | 0.10 BRL | 0.01 BRL |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 27.2B BRL | 16.9B BRL | 14.7B BRL | 13.3B BRL | |
| Restricted cash | 45.8M BRL | 28.0M BRL | |||
| Marketable securities | 2.6B BRL | 3.3B BRL | |||
| Trade receivables | 3.5B BRL | 3.7B BRL | |||
| Derivative financial instruments | 311.0M BRL | 905.3M BRL | |||
| Inventories | 2.0B BRL | 2.1B BRL | |||
| Receivables from related parties | 199.5M BRL | 197.1M BRL | |||
| Income tax receivable | 1.2B BRL | 793.7M BRL | |||
| Other current tax receivable | 1.0B BRL | 886.1M BRL | |||
| Dividend receivable | 35.4M BRL | 153.5M BRL | 255.8M BRL | ||
| Sectorial financial assets | 338.3M BRL | 221.9M BRL | |||
| Other financial assets | 612.0K BRL | 675.0K BRL | |||
| Other current assets | 993.7M BRL | 629.4M BRL | |||
| Total current assets before held for sale | 39.4B BRL | 29.8B BRL | |||
| Current assets held for sale | 652.2M BRL | 978.8M BRL | |||
| Total current assets | 40.1B BRL | 30.8B BRL | |||
| Trade receivables | 148.9M BRL | 265.4M BRL | |||
| Marketable securities | 404.2M BRL | 113.4M BRL | |||
| Restricted cash | 183.0M BRL | 146.3M BRL | |||
| Deferred tax assets | 3.7B BRL | 4.5B BRL | |||
| Receivables from related parties | 20.3M BRL | 202.8M BRL | |||
| Income tax receivable | 195.8M BRL | 264.3M BRL | |||
| Other non-current tax receivable | 1.8B BRL | 1.3B BRL | |||
| Judicial deposits | 1.1B BRL | 1.1B BRL | |||
| Derivative financial instruments | 2.0B BRL | 2.9B BRL | |||
| Sectorial financial assets | 390.6M BRL | 509.7M BRL | |||
| Other non-current assets | 919.7M BRL | 739.4M BRL | |||
| Other financial assets | 5.2M BRL | 3.8M BRL | |||
| Investment in associates | 1.7B BRL | 10.7B BRL | |||
| Investment in joint ventures | 60.4M BRL | 10.5B BRL | 11.7B BRL | ||
| Property, plant and equipment | 26.8B BRL | 23.0B BRL | |||
| Intangible assets and goodwill | 26.7B BRL | 26.3B BRL | |||
| Contract assets | 1.0B BRL | 1.1B BRL | |||
| Right-of-use assets | 9.7B BRL | 10.0B BRL | |||
| Investment property | 18.2B BRL | 16.8B BRL | |||
| Non-current assets | 95.0B BRL | 110.5B BRL | |||
| Total assets | 135.1B BRL | 141.3B BRL | |||
| Loans, borrowings and debentures | 3.9B BRL | 4.4B BRL | |||
| Leases | 983.0M BRL | 1.0B BRL | |||
| Derivative financial instruments | 1.9B BRL | 2.5B BRL | |||
| Trade payables | 4.1B BRL | 5.2B BRL | |||
| Employee benefits payables | 771.6M BRL | 794.9M BRL | |||
| Income tax payables | 153.3M BRL | 414.8M BRL | |||
| Other taxes payable | 525.2M BRL | 637.8M BRL | |||
| Dividends payable | 226.5M BRL | 96.7M BRL | |||
| Reduction of capital payable | 486.3M BRL | ||||
| Concessions payable | 189.1M BRL | 166.3M BRL | |||
| Related party payables | 320.9M BRL | 416.4M BRL | |||
| Sectorial financial liabilities | 96.7M BRL | 64.7M BRL | |||
| Other financial liabilities | 1.1B BRL | 770.1M BRL | |||
| Other current liabilities | 1.2B BRL | 895.2M BRL | |||
| Total current liabilities before held for sale | 15.5B BRL | 17.8B BRL | |||
| Liabilities related to assets held for sale | 86.1M BRL | 86.1M BRL | |||
| Total current liabilities | 15.5B BRL | 17.9B BRL | |||
| Loans, borrowings and debentures | 60.3B BRL | 62.1B BRL | |||
| Leases | 5.4B BRL | 5.5B BRL | |||
| Put option liability on subsidiary shares | 3.8B BRL | ||||
| Derivative financial instruments | 771.3M BRL | 966.1M BRL | |||
| Trade payables | 19.0M BRL | 19.3M BRL | |||
| Employee benefits payables | 23.4M BRL | 19.1M BRL | |||
| Other taxes payable | 176.7M BRL | 255.2M BRL | |||
| Income tax payables | 78.9M BRL | ||||
| Provision for legal proceedings | 2.1B BRL | 2.0B BRL | 1.7B BRL | ||
| Concessions payable | 3.8B BRL | 3.6B BRL | |||
| Related party payables | 1.2M BRL | 1.1M BRL | |||
| Post-employment benefits | 536.4M BRL | 526.6M BRL | |||
| Deferred tax liabilities | 6.1B BRL | 6.0B BRL | |||
| Sectorial financial liabilities | 2.2B BRL | 2.0B BRL | |||
| Deferred income | 14.4M BRL | 16.6M BRL | |||
| Other financial liabilities | 2.8B BRL | 297.7M BRL | |||
| Other non-current liabilities | 399.8M BRL | 749.9M BRL | |||
| Non-current liabilities | 88.6B BRL | 84.0B BRL | |||
| Total liabilities | 104.1B BRL | 101.9B BRL | |||
| Share capital | 10.3B BRL | 10.3B BRL | 8.8B BRL | ||
| Treasury shares | -76.2M BRL | -50.7M BRL | |||
| Additional paid-in capital | 4.2B BRL | 2.2B BRL | |||
| Accumulated other comprehensive income | 625.6M BRL | 565.9M BRL | |||
| Retained losses | -9.7B BRL | -649.8M BRL | |||
| Equity attributable to owners of the Company | 5.3B BRL | 10.9B BRL | |||
| Non-controlling interests | 25.7B BRL | 28.5B BRL | 30.0B BRL | ||
| Total shareholders' equity | 31.0B BRL | 39.4B BRL | 51.0B BRL | 48.2B BRL | |
| Total liabilities and shareholders' equity | 135.1B BRL | 141.3B BRL |
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 27.2B BRL | 16.9B BRL | 14.7B BRL | 13.3B BRL | |
| Restricted cash | 45.8M BRL | 28.0M BRL | |||
| Marketable securities | 2.6B BRL | 3.3B BRL | |||
| Trade receivables | 3.5B BRL | 3.7B BRL | |||
| Derivative financial instruments | 311.0M BRL | 905.3M BRL | |||
| Inventories | 2.0B BRL | 2.1B BRL | |||
| Receivables from related parties | 199.5M BRL | 197.1M BRL | |||
| Income tax receivable | 1.2B BRL | 793.7M BRL | |||
| Other current tax receivable | 1.0B BRL | 886.1M BRL | |||
| Dividend receivable | 35.4M BRL | 153.5M BRL | 255.8M BRL | ||
| Sectorial financial assets | 338.3M BRL | 221.9M BRL | |||
| Other financial assets | 612.0K BRL | 675.0K BRL | |||
| Other current assets | 993.7M BRL | 629.4M BRL | |||
| Total current assets before held for sale | 39.4B BRL | 29.8B BRL | |||
| Current assets held for sale | 652.2M BRL | 978.8M BRL | |||
| Total current assets | 40.1B BRL | 30.8B BRL | |||
| Trade receivables | 148.9M BRL | 265.4M BRL | |||
| Marketable securities | 404.2M BRL | 113.4M BRL | |||
| Restricted cash | 183.0M BRL | 146.3M BRL | |||
| Deferred tax assets | 3.7B BRL | 4.5B BRL | |||
| Receivables from related parties | 20.3M BRL | 202.8M BRL | |||
| Income tax receivable | 195.8M BRL | 264.3M BRL | |||
| Other non-current tax receivable | 1.8B BRL | 1.3B BRL | |||
| Judicial deposits | 1.1B BRL | 1.1B BRL | |||
| Derivative financial instruments | 2.0B BRL | 2.9B BRL | |||
| Sectorial financial assets | 390.6M BRL | 509.7M BRL | |||
| Other non-current assets | 919.7M BRL | 739.4M BRL | |||
| Other financial assets | 5.2M BRL | 3.8M BRL | |||
| Investment in associates | 1.7B BRL | 10.7B BRL | |||
| Investment in joint ventures | 60.4M BRL | 10.5B BRL | 11.7B BRL | ||
| Property, plant and equipment | 26.8B BRL | 23.0B BRL | |||
| Intangible assets and goodwill | 26.7B BRL | 26.3B BRL | |||
| Contract assets | 1.0B BRL | 1.1B BRL | |||
| Right-of-use assets | 9.7B BRL | 10.0B BRL | |||
| Investment property | 18.2B BRL | 16.8B BRL | |||
| Non-current assets | 95.0B BRL | 110.5B BRL | |||
| Total assets | 135.1B BRL | 141.3B BRL | |||
| Loans, borrowings and debentures | 3.9B BRL | 4.4B BRL | |||
| Leases | 983.0M BRL | 1.0B BRL | |||
| Derivative financial instruments | 1.9B BRL | 2.5B BRL | |||
| Trade payables | 4.1B BRL | 5.2B BRL | |||
| Employee benefits payables | 771.6M BRL | 794.9M BRL | |||
| Income tax payables | 153.3M BRL | 414.8M BRL | |||
| Other taxes payable | 525.2M BRL | 637.8M BRL | |||
| Dividends payable | 226.5M BRL | 96.7M BRL | |||
| Reduction of capital payable | 486.3M BRL | ||||
| Concessions payable | 189.1M BRL | 166.3M BRL | |||
| Related party payables | 320.9M BRL | 416.4M BRL | |||
| Sectorial financial liabilities | 96.7M BRL | 64.7M BRL | |||
| Other financial liabilities | 1.1B BRL | 770.1M BRL | |||
| Other current liabilities | 1.2B BRL | 895.2M BRL | |||
| Total current liabilities before held for sale | 15.5B BRL | 17.8B BRL | |||
| Liabilities related to assets held for sale | 86.1M BRL | 86.1M BRL | |||
| Total current liabilities | 15.5B BRL | 17.9B BRL | |||
| Loans, borrowings and debentures | 60.3B BRL | 62.1B BRL | |||
| Leases | 5.4B BRL | 5.5B BRL | |||
| Put option liability on subsidiary shares | 3.8B BRL | ||||
| Derivative financial instruments | 771.3M BRL | 966.1M BRL | |||
| Trade payables | 19.0M BRL | 19.3M BRL | |||
| Employee benefits payables | 23.4M BRL | 19.1M BRL | |||
| Other taxes payable | 176.7M BRL | 255.2M BRL | |||
| Income tax payables | 78.9M BRL | ||||
| Provision for legal proceedings | 2.1B BRL | 2.0B BRL | 1.7B BRL | ||
| Concessions payable | 3.8B BRL | 3.6B BRL | |||
| Related party payables | 1.2M BRL | 1.1M BRL | |||
| Post-employment benefits | 536.4M BRL | 526.6M BRL | |||
| Deferred tax liabilities | 6.1B BRL | 6.0B BRL | |||
| Sectorial financial liabilities | 2.2B BRL | 2.0B BRL | |||
| Deferred income | 14.4M BRL | 16.6M BRL | |||
| Other financial liabilities | 2.8B BRL | 297.7M BRL | |||
| Other non-current liabilities | 399.8M BRL | 749.9M BRL | |||
| Non-current liabilities | 88.6B BRL | 84.0B BRL | |||
| Total liabilities | 104.1B BRL | 101.9B BRL | |||
| Share capital | 10.3B BRL | 10.3B BRL | 8.8B BRL | ||
| Treasury shares | -76.2M BRL | -50.7M BRL | |||
| Additional paid-in capital | 4.2B BRL | 2.2B BRL | |||
| Accumulated other comprehensive income | 625.6M BRL | 565.9M BRL | |||
| Retained losses | -9.7B BRL | -649.8M BRL | |||
| Equity attributable to owners of the Company | 5.3B BRL | 10.9B BRL | |||
| Non-controlling interests | 25.7B BRL | 28.5B BRL | 30.0B BRL | ||
| Total shareholders' equity | 31.0B BRL | 39.4B BRL | 51.0B BRL | 48.2B BRL | |
| Total liabilities and shareholders' equity | 135.1B BRL | 141.3B BRL |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| (Loss) profit before income taxes | -8.0B BRL | -5.2B BRL | 5.1B BRL |
| Depreciation and amortization | 3.9B BRL | 3.9B BRL | 3.4B BRL |
| Impairment | 1.5B BRL | 3.2B BRL | |
| Impairment in associate | 4.7B BRL | ||
| Interest in earnings (losses) of subsidiaries and associates | -219.9M BRL | -1.7B BRL | -350.4M BRL |
| Interest in earnings (losses) of joint ventures | 10.9B BRL | 1.2B BRL | -1.7B BRL |
| Loss (gain) on disposed assets | 99.3M BRL | -141.9M BRL | 17.0M BRL |
| Share-based payment | 71.7M BRL | 65.9M BRL | 207.7M BRL |
| Change in fair value of investment properties | -1.4B BRL | -1.3B BRL | -2.3B BRL |
| Provision for legal proceedings | 333.7M BRL | 313.9M BRL | 204.2M BRL |
| Interest, derivatives, monetary and foreign exchange, net | 9.8B BRL | 10.2B BRL | 9.4B BRL |
| Sectorial financial assets and liabilities, net | 116.5M BRL | -37.1M BRL | -110.1M BRL |
| Provisions for employee benefits | 465.5M BRL | 454.9M BRL | 419.2M BRL |
| Allowance for expected credit losses | 44.5M BRL | 52.8M BRL | 74.7M BRL |
| Profit on sale of investment | -32.4M BRL | 383.2M BRL | |
| Revenue from insurance claims | -940.6M BRL | ||
| Deferred income | 3.3M BRL | -598.0M BRL | |
| Income from finance investments | -9.1M BRL | -1.3B BRL | |
| Previously recognized gain in other comprehensive income reclassified to profit | -206.4M BRL | ||
| Other | -79.3M BRL | -267.3M BRL | 245.0M BRL |
| Cash flows from operating activities before changes in working capital | 16.3B BRL | 15.7B BRL | 12.7B BRL |
| Trade receivable | 539.7M BRL | 546.2M BRL | 573.7M BRL |
| Inventories | -107.8M BRL | 159.7M BRL | -83.2M BRL |
| Other taxes, net | -921.0M BRL | -641.9M BRL | -455.5M BRL |
| Income taxes paid | -1.2B BRL | -1.2B BRL | -361.7M BRL |
| Related parties, net | -128.3M BRL | 105.5M BRL | -188.8M BRL |
| Trade payables | -246.6M BRL | -180.9M BRL | -252.8M BRL |
| Employee benefits | -515.5M BRL | -542.2M BRL | -356.2M BRL |
| Provision for legal proceedings | -319.8M BRL | -305.3M BRL | -461.6M BRL |
| Derivative financial instruments | -48.8M BRL | -9.2M BRL | 2.9M BRL |
| Other financial liabilities | 75.1M BRL | -26.3M BRL | -566.1M BRL |
| Judicial deposits | -36.7M BRL | -149.1M BRL | -22.9M BRL |
| Post-employment benefit obligation | -42.9M BRL | -37.5M BRL | -34.2M BRL |
| Other assets and liabilities, net | -250.1M BRL | -372.4M BRL | -244.3M BRL |
| Changes in working capital | -3.2B BRL | -2.7B BRL | -2.5B BRL |
| Net cash generated from operating activities | 13.0B BRL | 13.1B BRL | 10.3B BRL |
| Capital contribution to associates | -15.7M BRL | -30.0M BRL | -47.3M BRL |
| Capital reduction in associates | 26.5M BRL | ||
| Capital contribution in joint ventures | -12.3M BRL | ||
| Acquisition of subsidiary, net of acquired cash | -615.6M BRL | -962.4M BRL | -702.6M BRL |
| Sale (purchase) of marketable securities, net | 988.9M BRL | 551.0M BRL | -508.0M BRL |
| Restricted cash | -56.8M BRL | 42.0M BRL | -60.5M BRL |
| Dividends received from subsidiaries and associates | 107.4M BRL | 1.0B BRL | 254.9M BRL |
| Dividends received from joint venture | 45.6M BRL | 293.9M BRL | 906.5M BRL |
| Dividends received from finance investment | 87.6M BRL | 1.3B BRL | |
| Other financial assets | -134.0K BRL | -621.0K BRL | -7.5M BRL |
| Cash in the incorporation operation | 99.0M BRL | ||
| Acquisition of property, plant and equipment, intangible and contract assets | -8.5B BRL | -7.8B BRL | -6.3B BRL |
| Proceeds from the sale of investments | 8.9B BRL | 2.7B BRL | 645.8M BRL |
| Related parties | 25.6M BRL | ||
| Operation discontinued | 7.4M BRL | 24.5M BRL | 62.7M BRL |
| Acquisition of subsidiary | -251.7M BRL | -17.0M BRL | |
| Receipt of derivative financial instruments, except debt | 1.0M BRL | 103.1M BRL | 168.3M BRL |
| Payment of derivative financial instruments, except debt | -1.1B BRL | -427.3M BRL | -156.6M BRL |
| Cash received on the sale of fixed assets and intangible assets | 9.5M BRL | 36.9M BRL | 4.6M BRL |
| Cash received of insurance compensation for loss of fixed asset | 209.2M BRL | ||
| Net cash used in investing activities | -76.1M BRL | -4.5B BRL | -4.3B BRL |
| Proceeds from loans, borrowings and debentures | 11.5B BRL | 17.0B BRL | 12.8B BRL |
| Principal repayment of loans, borrowings and debentures | -14.3B BRL | -12.2B BRL | -8.1B BRL |
| Payment of interest on loans, borrowings and debentures | -4.7B BRL | -4.8B BRL | -3.6B BRL |
| Payment of derivative financial instruments | -2.8B BRL | -2.9B BRL | -2.9B BRL |
| Proceeds from derivative financial instruments | 1.0B BRL | 1.1B BRL | 1.2B BRL |
| Costs of banking operations with derivatives | -29.8M BRL | -586.9M BRL | |
| Principal repayment of leases | -744.6M BRL | -694.3M BRL | -490.0M BRL |
| Payment of interest on leases | -428.0M BRL | -377.3M BRL | -236.9M BRL |
| Capital increase | 10.3B BRL | ||
| Capital reduction in associates | -498.0M BRL | -205.0M BRL | -24.3M BRL |
| Payments to redeem entitys shares and acquisition of treasury shares | -34.0M BRL | -192.9M BRL | -103.3M BRL |
| Acquisition of non-controlling shareholders' shares- Cosan Nove | -2.2B BRL | ||
| Acquisition of non-controlling shareholders shares - Cosan Dez | -3.6B BRL | ||
| Dividends paid | -1.7B BRL | -2.8B BRL | -2.6B BRL |
| Dividends paid for preferred shares | -994.6M BRL | -668.0M BRL | |
| Gain on banking operations with derivatives | 22.1M BRL | 21.0M BRL | |
| Cash received from financing secured by shares | 2.8B BRL | ||
| Cash received from issuance of preferred shares of subsidiary | 4.0B BRL | ||
| Payment of share-based compensation | -13.6M BRL | ||
| Net cash used in financing activities | -2.4B BRL | -6.6B BRL | -4.5B BRL |
| Increase in cash and cash equivalents | 10.6B BRL | 2.0B BRL | 1.5B BRL |
| Effect of the foreign exchange rate changes | -258.6M BRL | 257.9M BRL | -100.0M BRL |
| Right-of-use assets recognized | 731.9M BRL | 1.2B BRL | 2.0B BRL |
| Payment for acquisition of assets in installments | 763.8M BRL | 1.3B BRL | 860.6M BRL |
No quarter-by-quarter statement was filed.
Leadership
Who has led Cosan S.A., and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerMarcelo Eduardo Martins Mar 31, 2026 to now10
Board members and other officers (11)
- Chief Finance OfficerRafael Bergman Mar 18, 2026 to now11
- Chief Finance OfficerDe Barros Sobrinho Jose Cezario Menezes Sep 10, 2026 to now12
- Board memberSimon Flavia Cruz Mar 18, 2026 to now13
- Board memberSoares Luis Claudio Rapparini Mar 18, 2026 to now14
- Board memberWhitaker Carneiro Ralph Gustavo Rosenberg Mar 18, 2026 to now15
- Board memberRubens Ometto Silveira Mello Mar 24, 2026 to now16
- Board memberRenato Antonio Secondo Mazzola Mar 25, 2026 to now17
- Board memberMarcelo Eduardo Martins Mar 31, 2026 to now10
- Board memberBurkhard Otto Cordes Apr 2, 2026 to now18
- Board memberAndre Santos Esteves Apr 13, 2026 to now19
- General counselMaria Rita De Carvalho Drummond Mar 18, 2026 to now20
Former names
- Cosan S.A. Industria e ComercioMar 19, 2008 to Jun 3, 20112
Timeline
- Mar 31, 2026New chief executive Marcelo Eduardo Martins becomes CEO10
Filings
167 filings to the SEC since October 2021: 9 annual reports, 19 insider forms, 4 large holders, 135 other. The latest 20:
- Oct 15, 202620-F/A EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 10, 20263 EDGAR
- Sep 8, 20266-K EDGAR
- Sep 8, 202625 EDGAR
- Aug 20, 20266-K EDGAR
- Aug 18, 20266-K EDGAR
- Aug 17, 20266-K EDGAR
- Aug 17, 20266-K EDGAR
- Aug 17, 20266-K EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Jul 9, 20266-K EDGAR
- Jun 17, 20266-K EDGAR
- May 26, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 15, 20266-K EDGAR
The 167 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
8 open-market trades by officers, directors and large owners since October 2021: 4 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 26, 2026 | Cordes Burkhard OttoDirector | Buy | 70,000 | $4.26 | $298.2K | Form 4 |
| May 22, 2026 | Mello Rubens Ometto SilveiraDirector | Sale | 77,640 | $3.44 | $267.1K | Form 4 |
| May 19, 2026 | Martins Marcelo EduardoChief Executive Officer | Buy | 2,441,528 | $5.14 | $12.5M | Form 4 |
| May 18, 2026 | Cordes Burkhard OttoDirector | Buy | 89,000 | $4.47 | $397.8K | Form 4 |
| Apr 17, 2026 | Drummond Maria Rita de Carvalho | Sale | 37,400 | $5.48 | $205.0K | Form 4 |
| Apr 16, 2026 | Drummond Maria Rita de Carvalho | Sale | 36,200 | $5.48 | $198.4K | Form 4 |
| Apr 15, 2026 | Drummond Maria Rita de Carvalho | Sale | 35,800 | $5.57 | $199.4K | Form 4 |
| Apr 10, 2026 | Martins Marcelo EduardoChief Executive Officer | Buy | 1,599,086 | $7.05 | $11.3M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Queluz Holdings Ltd.SCHEDULE 13D/A, 3 filings Jun 14, 2022 to Nov 12, 202521
- BlackRockSCHEDULE 13G, 1 filing Feb 14, 202522
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 63. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Monaco Asset Management SAM | 3,665,444 | $10.6M | 3.9% | +330,631 |
| UBS Group AG | 3,030,378 | $8.7M | 0.0% | +2,166,940 |
| Renaissance Technologies LLC | 2,799,382 | $8.1M | 0.0% | −1,011,287 |
| Aquamarine Financial (Cayman) Ltd | 2,096,904 | $6.0M | 0.3% | No change |
| Marshall Wace, Llp | 674,857 | $1.9M | 0.0% | −1,695,953 |
| Jane Street Group, LLC | 514,859 | $1.5M | 0.0% | −81,706 |
| Naman Capital Ltda | 271,941 | $783.2K | 0.2% | No change |
| Citadel Advisors LLC | 269,968 | $777.5K | 0.0% | −120,190 |
| BTG Pactual Asset Management US LLC | 247,680 | $713.3K | 0.1% | No change |
| Barometer Capital Management Inc. | 214,000 | $616.3K | 0.2% | +42,400 |
| XTX Topco Ltd | 211,497 | $609.1K | 0.0% | −25,847 |
| Morgan Stanley | 206,085 | $593.5K | 0.0% | −1,141,235 |
| LPL Financial LLC | 170,019 | $489.7K | 0.0% | +161 |
| Millennium Management LLC | 118,525 | $341.4K | 0.0% | −52,917 |
| Two Sigma Investments, LP | 113,942 | $328.2K | 0.0% | −388,112 |
| Vanguard Capital Management LLC | 110,475 | $318.2K | 0.0% | No change |
| Tudor Investment Corp Et Al | 100,000 | $288.0K | 0.0% | New |
| Massar Capital Management, LP | 85,068 | $245.0K | 0.1% | −215,104 |
| Capital Asset Advisory Services LLC | 72,345 | $208.4K | 0.0% | New |
| Fmr LLC | 59,247 | $170.6K | 0.0% | +52,250 |
| Pekin Hardy Strauss, Inc. | 59,000 | $169.9K | 0.0% | −6,000 |
| BlackRock, Inc. | 58,094 | $167.3K | 0.0% | −9,768 |
| Optiver Holding B.V. | 57,403 | $165.3K | 0.0% | New |
| Vident Advisory, LLC | 53,454 | $153.9K | 0.0% | +27,981 |
| Privium Fund Management B.V. | 52,000 | $149.8K | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCosan S.A. filings on SEC EDGAR
- 2SEC EDGARCosan S.A. filings on SEC EDGAR
- 3
- 4SEC EDGARCosan S.A. 10-K for fiscal 2024
- 5
- 6SEC EDGARCosan S.A. 10-K for fiscal 2018
- 7SEC EDGARCosan S.A. 10-K for fiscal 2019
- 8SEC EDGARCosan S.A. 10-K for fiscal 2020
- 9SEC EDGARCosan S.A. 10-K for fiscal 2021
- 10
- 11
- 12
- 13SEC EDGARSimon Flavia Cruz, Board member
- 14
- 15
- 16
- 17
- 18SEC EDGARBurkhard Otto Cordes, Board member
- 19SEC EDGARAndre Santos Esteves, Board member
- 20
- 21
- 22SEC EDGARBlackRock SCHEDULE 13G on Cosan S.A.