Cosan S.A. Files 6-K with Business Operations Update

TL;DR

Cosan S.A. dropped a 6-K detailing its biz ops for 2023 and prior years. Check it for the latest.

AI Summary

Cosan S.A. filed a Form 6-K on May 29, 2024, providing a discussion of its business and operations for the years ending December 31, 2023, and 2022, as well as for the three preceding years. The filing is in accordance with Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.

Why It Matters

This filing provides investors with updated information on Cosan S.A.'s financial performance and operational status, crucial for assessing the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a routine filing providing business and operational updates, not indicating any immediate financial distress or significant new risks.

Key Numbers

• 2023 — Fiscal Year End (Included in business operations discussion)
• 2022 — Fiscal Year End (Included in business operations discussion)

Key Players & Entities

• Cosan S.A. (company) — Registrant
• 001-40155 (dollar_amount) — Commission File Number
• 20240529 (date) — Filing Date
• December 31, 2023 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $300 million — Total Return Swaps worth approximately R$300 million during the year. Finally, we distribute
• $800 million — ring the year. Finally, we distributed R$800 million to our shareholders as dividends. Nel
• $39.5 billion — Cosan's consolidated net revenue was R$39.5 billion in 2023, practically stable in relation
• $10.9 billion — y segment: At Rumo , net revenue was R$10.9 billion in 2023 (+11%). Revenue increased for a
• $17.8 billion — Operation. Compass' net revenue was R$17.8 billion in 2023 (-10%), partly due to the lower
• $10.1 billion — vs. 2022. At Moove , net revenue was R$10.1 billion in 2023 (+12%), thanks to the strong sa
• $743 million — quisition. At Radar, net revenue was R$743 million in 2023, compared to R$835 million in 2
• $835 million — was R$743 million in 2023, compared to R$835 million in 2022. Operating Cost The cost of
• $28.6 billion — s sold by Cosan's subsidiaries totaled R$28.6 billion in the fiscal year ended December 31, 2
• $16.4 billion — ansportation and others decreased from R$16.4 billion in 2022 to R$14.3 billion in 2023 , dri
• $14.3 billion — creased from R$16.4 billion in 2022 to R$14.3 billion in 2023 , driven by the cost of the mol
• $1.2 billion — as distribution network increased from R$1.2 billion in 2022 to R$1.5 billion in 2023. Final
• $1.5 billion — ncreased from R$1.2 billion in 2022 to R$1.5 billion in 2023. Finally, costs decreased due t
• $0.3 billion — all energy agreements, with effect of R$0.3 billion. Gross Profit With these results, C
• $11.0 billion — sults, Cosan delivered gross profit of R$11.0 billion in 2023 (+25%), mainly due to the segme

Filing Documents

• MainDocument.htm (6-K) — 9646KB
• img0c6a9e4242124ea6a484.jpg (GRAPHIC) — 19KB
• img71aa074b4f4642e5b5fb.jpg (GRAPHIC) — 5KB
• img93577f9182b14d56b26b.jpg (GRAPHIC) — 13KB
• imgaf948744226b4ae38a6a.jpg (GRAPHIC) — 26KB
• imgbaa6319019f24555b090.jpg (GRAPHIC) — 4KB
• imgd47fb3ff348e4fe0b507.jpg (GRAPHIC) — 19KB
• imge7f7cdcad1d842ccab0d.jpg (GRAPHIC) — 2KB
• 0001554855-24-000433.txt ( ) — 9770KB

financial statements of Cosan S.A. ("Company") , identified as parent

financial statements of Cosan S.A. ("Company") , identified as parent company and consolidated, respectively, which comprise the statement of financial position as at December 31, 2023, and the respective statements of income, comprehensive income, changes in equity and cash flows for the year then ended, as well as the corresponding notes to the financial statements, including material accounting policies and other explanatory information. In our opinion, the accompanying financial statements present fairly, in all material respects, the individual and consolidated financial position of the Company as at December 31, 2023, its individual and consolidated financial performance and its individual and consolidated cash flows for the year then ended in accordance with Brazilian accounting practices and International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). Basis for opinion on the individual and consolidated financial statements We conducted our audit in accordance with Brazilian and International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the "Auditor's Responsibilities for the Audit of the Individual and Consolidated Financial Statements" section of our report. We are independent of the Company and its controlled companies in accordance with the relevant ethical principles established in the Code of Ethics for Professional Accountants and in the professional standards issued by the Brazilian Federal Council of Accounting (CFC), and we have fulfilled our other ethical responsibilities in accordance with these standards. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion. Emphasis Restatement of the individual and consolidated financial statements As described in Note 3.1, the individual and consolidated financial statements for the year ended December 31, 2023, ar

financial statements, we consider this to be a key audit matter

financial statements, we consider this to be a key audit matter. Audit response Our audit procedures included, among others: Understanding of relevant internal control environment related to deferred tax assets and liabilities, including internal controls over the analysis of the realization of such t

View Full Filing

View this 6-K filing on SEC EDGAR