DEBT
Raízen posts growing debt and nods towards future capital injection
Raízen posted a net loss of BRL 15.6 billion. Photo: Company
Raízen, Brazil’s largest sugar and ethanol producer, is struggling to reassure investors after a bruising year marked by rising debt, steep credit downgrades and market speculation about whether it might seek court-supervised bankruptcy protection.
The company, jointly owned by British oil giant Shell and the Brazilian conglomerate Cosan, reported earnings on February 12 for Q3 of the 2025-26 crop year — covering October through December 2025 — as doubts about its financial health swirled around markets.
Raízen posted a net loss of BRL 15.6 billion (around USD 2.9 billion) in the quarter, six times higher than the BRL 2.57 billion it lost in the same period a year earlier. The company attributed much of the damage to…
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