an S.A.(US:CSAN)2024-08-16 07:16Financial Performance - EBITDA under management reached BRL 71 billion, compared to BRL 62 billion in 2Q23[4] - Cosan Corporate reported a net result of -BRL 227 million, an improvement from -BRL 10 billion in 2Q23[4] - Cosan Corporate received BRL 21 billion in dividends and IoC, significantly higher than the BRL 267 million in 2Q23[4] Debt and Coverage - Cosan Corporate's net debt stood at BRL 213 billion, down from BRL 227 billion in 1Q24[4] - The Debt Service Coverage Ratio (DSCR) for Cosan Corporate was 13x LTM, up from 11x in 1Q24[4] - The average maturity of Cosan's debt is 64 years, with an average cost of 141%[13] Portfolio Performance - Rumo experienced a 3% increase in transported volume, reaching 209 billion RTK, and a 32% increase in the average tariff[5, 21] - Compass saw higher EBITDA (+42%) due to the start of operations of Edge's TRSP[5] - Moove's EBITDA grew by 16%, driven by commercial strategy and procurement intelligence[5] - Raízen experienced lower adjusted EBITDA (-29%) due to the marketing strategy of own sugar and ethanol volumes[5] - Vale contributed positively to Cosan's results, with a net contribution of BRL 440 million[5]