Raizen nearly triples fourth-quarter net loss on rising debt, new impairments (updated)

Cosan

29/06/2026 23:43

Updates with more earnings details throughout

    SAO PAULO, June 29 (Reuters) - Brazilian sugar and ethanol producer Raizen RAIZ4.SA on Monday posted a 7.3 billion real ($1.41 billion) net loss for the final quarter of its 2025/26 crop, almost tripling the loss from a year earlier due to higher indebtedness and new asset impairments.
Raizen, which had sought an out-of-court debt restructuring this year amid a worsening financial outlook, reported an almost 70% net debt increase in the January-March quarter from a year earlier, to 58.2 billion reais ($11.3 billion), lifting its net financial expenses.
The quarterly loss was also boosted by new impairments and provisions of assets totaling 22.5 billion reais -- including those related to taxes, power plants and its halted Santa Elisa mill -- with Raizen citing "significant uncertainty regarding operational continuity."
       Still, Raizen's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 46% year-on-year, to 2.9 billion reais. Net revenue, on the other hand, fell some 11% to 51.3 billion reais.
     
($1 = 5.1733 reais)

(Reporting by Andre Romani, Editing by Iñigo Alexander)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))