CSN (NYSE: SID) financial statements
The consolidated income statement, balance sheet and cash flow statement of CSN 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 100,575m in total assets and BRL 12,876m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 44,798m | BRL 43,687m | BRL 45,438m | BRL 44,362m | BRL 47,912m | BRL 30,064m | BRL 25,436m | BRL 22,969m | BRL 18,525m | BRL 17,149m |
| Cost of sales | BRL 32,404m | BRL 31,991m | BRL 33,475m | BRL 31,054m | BRL 25,837m | BRL 19,125m | BRL 17,263m | BRL 16,106m | BRL 13,596m | BRL 12,640m |
| Gross profit | BRL 12,394m | BRL 11,697m | BRL 11,963m | BRL 13,308m | BRL 22,075m | BRL 10,939m | BRL 8,173m | BRL 6,863m | BRL 4,928m | BRL 4,509m |
| Operating profit | BRL 4,817m | BRL 4,270m | BRL 5,187m | BRL 7,641m | BRL 20,540m | BRL 5,714m | BRL 3,542m | BRL 6,947m | BRL 2,984m | BRL 1,945m |
| Finance costs | BRL 4,268m | BRL 4,052m | BRL 3,429m | BRL 2,316m | BRL 2,138m | BRL 1,922m | BRL 2,039m | BRL 2,142m | BRL 2,635m | BRL 3,044m |
| Profit before tax | −BRL 1,680m | −BRL 1,543m | BRL 1,035m | BRL 4,126m | BRL 18,596m | BRL 4,918m | BRL 1,411m | BRL 5,451m | BRL 520.3m | −BRL 577.0m |
| Income tax | — | — | — | BRL 1,959m | BRL 5,000m | BRL 625.5m | BRL 833.8m | BRL 250.3m | BRL 409.1m | BRL 266.5m |
| Net profit | −BRL 2,002m | −BRL 2,592m | −BRL 318.2m | BRL 1,554m | BRL 12,259m | BRL 3,794m | BRL 1,789m | BRL 5,074m | BRL 10.3m | −BRL 934.7m |
| Earnings per share | −BRL 1.51 | −BRL 1.95 | −BRL 0.24 | BRL 1.17 | BRL 8.91 | BRL 2.75 | BRL 1.30 | BRL 3.69 | BRL 0.0076 | −BRL 0.69 |
| Diluted earnings per share | −BRL 1.51 | −BRL 1.95 | −BRL 0.24 | BRL 1.17 | BRL 8.91 | BRL 2.75 | BRL 1.30 | BRL 3.69 | BRL 0.0076 | −BRL 0.69 |
| Depreciation and amortisation | BRL 4,150m | BRL 3,791m | BRL 3,379m | BRL 2,878m | BRL 2,218m | BRL 2,522m | BRL 1,519m | BRL 1,175m | BRL 1,409m | BRL 1,279m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 100,575m | BRL 103,907m | BRL 91,530m | BRL 85,354m | BRL 79,379m | BRL 63,002m | BRL 50,869m | BRL 47,328m | BRL 45,210m | BRL 44,154m |
| Current assets | — | — | — | — | BRL 34,972m | BRL 23,386m | BRL 12,726m | BRL 12,014m | BRL 11,881m | BRL 12,445m |
| Inventories | BRL 10,456m | BRL 10,440m | BRL 9,558m | BRL 11,289m | BRL 10,944m | BRL 4,818m | BRL 5,283m | BRL 5,040m | BRL 4,464m | BRL 3,964m |
| Property, plant and equipment | BRL 33,919m | BRL 30,426m | BRL 27,927m | BRL 27,927m | BRL 26,370m | BRL 21,531m | BRL 19,701m | BRL 18,047m | BRL 17,965m | BRL 18,136m |
| Goodwill | — | — | — | BRL 11.4m | — | — | — | BRL 3,591m | BRL 3,591m | BRL 3,591m |
| Cash | BRL 14,421m | BRL 23,310m | BRL 16,046m | BRL 11,991m | BRL 16,646m | BRL 9,945m | BRL 1,089m | BRL 2,248m | BRL 3,412m | BRL 4,871m |
| Total liabilities | — | — | — | — | — | BRL 344.5m | BRL 419.9m | — | — | — |
| Current liabilities | BRL 28,074m | BRL 25,116m | BRL 25,017m | BRL 22,475m | BRL 24,542m | BRL 14,726m | BRL 11,620m | BRL 11,439m | BRL 10,670m | BRL 5,497m |
| Equity | BRL 12,876m | BRL 12,271m | BRL 17,501m | BRL 19,489m | BRL 20,315m | BRL 9,913m | BRL 10,175m | BRL 8,703m | BRL 7,027m | BRL 6,195m |
| Equity including minorities | BRL 15,736m | BRL 15,459m | BRL 19,685m | BRL 21,816m | BRL 23,374m | BRL 11,252m | BRL 11,362m | BRL 10,013m | BRL 8,288m | BRL 7,385m |
| Minority interests | BRL 2,860m | BRL 3,188m | BRL 2,184m | BRL 2,327m | BRL 3,059m | BRL 1,338m | BRL 1,187m | BRL 1,311m | BRL 1,261m | BRL 1,190m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | −BRL 973.2m | BRL 8,651m | BRL 7,293m | BRL 2,043m | BRL 14,793m | BRL 9,577m | BRL 4,872m | BRL 2,208m | BRL 571.9m | BRL 275.9m |
| Investing cash flow | −BRL 6,123m | −BRL 1,120m | −BRL 4,589m | −BRL 11,455m | BRL 447.9m | −BRL 1,864m | −BRL 2,236m | −BRL 98.5m | −BRL 1,049m | −BRL 2,305m |
| Financing cash flow | −BRL 1,776m | −BRL 103.8m | BRL 1,324m | BRL 4,747m | −BRL 8,530m | BRL 1,185m | −BRL 3,789m | −BRL 3,257m | −BRL 993.8m | −BRL 883.0m |
| Capital expenditure | −BRL 5,936m | −BRL 5,494m | −BRL 4,408m | −BRL 3,352m | −BRL 2,865m | −BRL 1,684m | −BRL 2,216m | −BRL 1,317m | −BRL 1,059m | −BRL 1,629m |
| Dividends paid | −BRL 695.2m | −BRL 2,535m | −BRL 3,981m | −BRL 3,757m | −BRL 3,291m | −BRL 309.4m | −BRL 1,920m | −BRL 502.0m | BRL 0.0m | −BRL 0.1m |
Where each figure comes from
From the annual report (Form 20-F) that CSN files with the SEC. 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 CSN 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.