Cosan publishes transcript of 2Q26 earnings call

Cosan held its 2Q26 earnings call with the CEO, the CFO and the head of investor relations.

• Expanded net debt fell to BRL 9.2 billion.
• Net loss narrowed to BRL 320 million despite a BRL 233 million TUP São Luís impairment.
• Holding-company debt prepayments totaled nearly BRL 9 billion through June.
• Expanded gross debt declined to BRL 16.5 billion.
• Management began delisting Cosan ADSs from the NYSE to cut costs; SEC deregistration is targeted later, with 2026 obligations still in place.
• The CEO confirmed talks to sell part of the Rumo stake and rejected a Moove IPO for now, with no plan to sell the asset.