Brazil's Raizen widens loss in second quarter of 2025/26 crop

Cosan

14/11/2025 21:02

SAO PAULO, Nov 14 (Reuters) - Brazilian sugar processor Raizen RAIZ4.SA reported on Friday a net loss of 2.3 billion reais ($425.6 million) in the second quarter of the 2025/26 crop, compared to a 158 million-real loss in the same period a year earlier.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 12.8% to 3.3 billion reais, missing analysts' estimates of 3.6 billion reais.

Net revenue came in at 59.9 billion reais, down 17.8% but above analysts' forecast of 57.4 billion reais.

Raizen said the loss reflects weaker operational results and higher financial expenses.

It also cited a change in the value of non-biological asset and a 1 billion real effect from asset sales and hibernation.

Raizen is a joint venture of Brazilian conglomerate Cosan CSAN3.SA and Shell SHEL.L.

($1 = 5.4039 reais)

 (Reporting by Andre Romani; editing by Gabriel Araujo)

 ((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))