Cosan S.A. (CSAN) Q2 2025 Earnings Call Transcript

Cosan S.A. (NYSE:CSAN) Q2 2025 Earnings Conference Call August 15, 2025 9:00 AM ET

Company Participants

Marcelo Eduardo Martins – CEO & Vice Chairman
Rodrigo Araujo Alves – Chief Financial & Investor Relations Officer

Conference Call Participants

Gabriel Coelho Barra – Citigroup Inc., Research Division
Gustavo Sadka – Banco Bradesco BBI S.A., Research Division
Matheus Enfeldt – UBS Investment Bank, Research Division
Monique Martins Greco Natal – Itaú Corretora de Valores S.A., Research Division
Thiago Callegari L. Duarte – Banco BTG Pactual S.A., Research Division

Operator

Good morning, everyone, and thank you for waiting. Welcome to Cosan’s Second Quarter 2025 Earnings Release Conference Call. [Operator Instructions]. The conference call is being recorded and will be available on the company’s IR website at cosan.com.br. [Operator Instructions]

Please note that the information contained in this presentation and in statements that may be made during the conference call regarding Cosan’s business prospects, projections and operating and financial goals constitute the beliefs and assumptions of the company’s management as well as information currently available. Forward-looking considerations are not a guarantee of performance. They involve risks, uncertainties and assumptions as they refer to future events and, therefore, depend on circumstances that may or may not materialize. Investors should bear in mind that overall economic circumstances, market conditions and other operating factors may affect Cosan’s future performance and lead to results that differ materially from those expressed in such forward-looking statements.

I will now turn it over to Mr. Rodrigo Araujo.

Rodrigo Araujo Alves

Hello, everyone. Welcome to our earnings call for the second quarter of 2025. We start with our usual disclaimers about future projections and future operations of the company.

So starting with the highlights of the second quarter of 2025, we start with our EBITDA under management of roughly BRL 6 billion this quarter. slightly