Cosan S.A. (CSAN) Shareholder/Analyst Call Transcript


Cosan S.A. (NYSE:CSAN) Shareholder/Analyst Call September 22, 2025 8:00 AM EDT

Company Participants

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

Conference Call Participants

Renato Secondo Mazzola – BTG Pactual Gestora de Recursos Ltda
Ralph Gustavo Rosenberg
Thiago Duarte – Banco BTG Pactual S.A., Research Division
Isabella Simonato – BofA Securities, Research Division
Matheus Enfeldt – UBS Investment Bank, Research Division
Gabriel Coelho Barra – Citigroup Inc., Research Division
Monique Greco – Itaú Corretora de Valores S.A., Research Division
Regis Cardoso – XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Research Division
Vicente Falanga Neto – Banco Bradesco BBI S.A., Research Division
Bruno Montanari – Morgan Stanley, Research Division

Presentation

Operator

Good morning, everyone, and thank you for holding. Welcome to Cosan’s conference call. [Operator Instructions. Please note that this conference call is being recorded and will be available on the company’s website, cosan.com.br, after the call. [Operator Instructions]. We emphasize that the information contained in this presentation and any statements that may be made during the conference call regarding Cosan’s business outlook, projections and operational and financial goals are specific to the implications and goals of the company’s management as well as currently available information.

Forward-looking statements are not guarantees of performance. They involve risks, uncertainties as they refer to future events and therefore, depend on situations that may or may not occur. Investors should understand that general economic conditions, market conditions and other operational factors may affect Cosan’s future performance and lead to results that vary materially from those expressed in such forward-looking statements.

I will now hand it over to Mr. Rodrigo Alves.

Rodrigo Alves
Chief Financial & Investor Relations Officer

Good morning, everyone. Thank you for participating on this call. Today, we will cover the material fact announced yesterday to capitalize Cosan and establish a strategic partnership. So first, we



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