Raízen reports a loss of R$ 2.312 billion in 2Q25/26, an increase of 1,361% compared to 2Q24/25.

By Leandro Silveira São Paulo, 11/14/2025 - Raízen recorded a net loss of R$ 2.312 billion in the second quarter of the 2025/26 crop year (July 1 to September 30, 2025). The result represented an increase of 1,361% compared to the loss of R$ 158.3 million in the same period of the previous crop year. Net revenue fell 17.8%, from R$ 72.909 billion to R$ 59.910 billion in the annual comparison. The operating result measured by adjusted Ebitda (earnings before interest, taxes, depreciation, and amortization) totaled R$ 3.348 billion, a decrease of 12.8% from the R$ 3.840 billion in the second quarter of 2024/25. According to the company, the quarterly result "reflects the lower volume of sugar and ethanol sold in the EAB segment and the circumstantial contraction of margins in Argentina Fuel Distribution, pressured by the devaluation of the Argentine peso." The net loss was influenced by the "increase in financial expenses due to the higher debt balance and the rise in the average ...