10 best sugar stocks to buy now Cosan (NYSE:CSAN) reported a narrower first-quarter net loss and highlighted a series of debt-reduction measures, while management said the holding company remains focused on deleveraging and simplifying its portfolio.
Fernando Tinel, Cosan’s Head of Investor Relations and ESG, said the company ended Q1 2026 with a net loss of BRL 1.6 billion, an improvement of BRL 0.2 billion compared with Q1 2025
The result included an approximately BRL 1 billion impact tied to the prepayment of 2029 and 2031 bonds, recorded in financial results and deferred income tax lines, with no cash effect. Tinel said the impact was partially offset by improved portfolio performance. Expanded net debt rose 18% quarter-over-quarter, which Tinel attributed mainly to the absence of relevant dividends in the period and the impact of debt prepayments carried out during the quarter.
Compared with the same period in 2025, expanded net debt declined 34%, reflecting proceeds from a capital increase received in the final quarter of last year. The company’s interest coverage ratio fell to 0.4 times from 0.9 times in the previous quarter. Tinel said the decline was mainly due to lower dividends received over the last 12 months, as the effect of Compass’ capital reduction no longer contributes to the metric’s numerator.