Cosan (B3: CSAN3) financial statements
The consolidated income statement, balance sheet and cash flow statement of Cosan for its last 10 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 135,118m in total assets and BRL 5,304m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 40,419m | BRL 43,951m | BRL 39,468m | BRL 39,737m | BRL 24,907m | BRL 13,509m | BRL 13,560m | BRL 10,299m | BRL 7,671m | BRL 7,542m |
| Cost of sales | BRL 27,243m | BRL 30,236m | BRL 28,550m | BRL 30,753m | BRL 18,568m | BRL 9,816m | BRL 9,588m | BRL 7,694m | BRL 5,046m | BRL 4,587m |
| Gross profit | BRL 13,176m | BRL 13,715m | BRL 10,919m | BRL 8,984m | BRL 6,339m | BRL 3,693m | BRL 3,972m | BRL 2,605m | BRL 2,625m | BRL 2,955m |
| Operating profit | −BRL 199.9m | BRL 3,505m | BRL 13,011m | BRL 7,860m | BRL 8,676m | BRL 2,429m | BRL 3,600m | BRL 2,753m | BRL 2,867m | BRL 2,793m |
| Profit before tax | −BRL 7,991m | −BRL 5,245m | BRL 5,114m | BRL 2,702m | BRL 5,900m | BRL 1,167m | BRL 3,201m | BRL 2,421m | BRL 1,968m | BRL 1,486m |
| Income tax | BRL 2,203m | BRL 3,191m | BRL 274.4m | −BRL 118.4m | −BRL 450.8m | BRL 257.9m | BRL 728.8m | BRL 517.1m | BRL 457.7m | BRL 60.2m |
| Net profit | −BRL 9,722m | −BRL 9,424m | BRL 1,094m | BRL 1,176m | BRL 6,123m | BRL 851.9m | BRL 2,425m | BRL 1,652m | BRL 1,315m | BRL 1,036m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 135,118m | BRL 141,266m | BRL 139,865m | BRL 134,485m | BRL 97,842m | BRL 35,761m | BRL 32,865m | BRL 28,790m | BRL 28,539m | BRL 27,300m |
| Current assets | BRL 40,088m | BRL 30,774m | BRL 28,610m | BRL 25,578m | BRL 27,293m | BRL 11,436m | BRL 11,337m | BRL 7,590m | BRL 7,780m | BRL 6,304m |
| Cash | BRL 27,244m | BRL 16,904m | BRL 14,658m | BRL 13,302m | BRL 16,174m | BRL 4,614m | BRL 6,077m | BRL 2,697m | BRL 3,150m | BRL 3,991m |
| Total liabilities | BRL 104,108m | BRL 101,868m | BRL 88,884m | BRL 86,316m | BRL 68,972m | BRL 24,255m | BRL 21,804m | BRL 17,867m | BRL 18,242m | BRL 16,507m |
| Current liabilities | BRL 15,548m | BRL 17,913m | BRL 16,159m | BRL 15,798m | BRL 12,957m | BRL 6,415m | BRL 6,166m | BRL 3,994m | BRL 4,991m | BRL 3,223m |
| Equity | BRL 5,304m | BRL 10,904m | BRL 20,955m | BRL 20,653m | BRL 14,741m | BRL 10,848m | BRL 10,554m | BRL 9,929m | BRL 9,447m | BRL 8,966m |
| Equity including minorities | BRL 31,010m | BRL 39,398m | BRL 50,981m | BRL 48,169m | BRL 28,870m | BRL 11,506m | BRL 11,061m | BRL 10,923m | BRL 10,297m | BRL 10,792m |
| Minority interests | BRL 25,705m | BRL 28,495m | BRL 30,026m | BRL 27,516m | BRL 14,129m | BRL 658.1m | BRL 507.5m | BRL 994.4m | BRL 850.6m | BRL 1,827m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 13,027m | BRL 13,081m | BRL 10,276m | BRL 9,972m | BRL 5,222m | BRL 2,143m | BRL 2,808m | BRL 2,694m | BRL 1,793m | BRL 2,235m |
| Investing cash flow | −BRL 76.1m | −BRL 4,488m | −BRL 4,303m | −BRL 20,609m | BRL 5,005m | −BRL 2,341m | BRL 686.2m | −BRL 88.0m | BRL 205.1m | BRL 1,172m |
| Financing cash flow | −BRL 2,352m | −BRL 6,606m | −BRL 4,517m | BRL 8,169m | BRL 1,049m | −BRL 1,537m | −BRL 148.2m | −BRL 3,147m | −BRL 2,849m | −BRL 2,513m |
| Dividends paid | −BRL 2,693m | −BRL 3,447m | −BRL 2,582m | −BRL 1,908m | −BRL 1,841m | −BRL 765.0m | −BRL 945.2m | −BRL 1,045m | −BRL 1,239m | −BRL 1,900m |
Where each figure comes from
From the annual financial statements (DFP) that Cosan files with the CVM, the Brazilian securities regulator. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Cosan page.
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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.