Cosan (NYSE:CSAN), the Brazilian conglomerate with interests spanning sugar, ethanol, energy, and logistics, reported a net loss of $1.07 billion for the fourth quarter.
The Sao Paulo-based company faced significant headwinds during the period, ending the fiscal year with widened losses despite a multi-billion dollar revenue stream.
On a per-share basis, the company posted a loss of $1.32.
When adjusted for non-recurring costs and one-time accounting items, the loss narrowed to 16 cents per share.
The results reflect the ongoing complexity of Cosan’s portfolio, which includes major holdings in Raízen, Rumo, and Compass, all of which have been navigating a volatile macroeconomic environment in South America’s largest economy.
For the full year, Cosan reported a total net loss of $1.74 billion, or $2.82 per share.
Despite the bottom-line deficit, the company generated $7.24 billion in revenue for the 12-month period.
Management has recently focused on deleveraging and streamlining its capital structure, including potential asset sales and equity offerings, to offset the impact of high interest rates and operational shifts within its subsidiaries.