Brazil’s Cogna Posts R$220M Profit Amid One-Off Noise

2026-03-12 - 10:33

3 Key Points —Net income of R$220 million ($42.6M) in 4Q25 looks like a steep decline from the R$925.8 million posted a year earlier, but the 4Q24 base was inflated by non-recurring reversals of tax contingencies worth hundreds of millions — stripping those out, the underlying business improved. —Recurrent EBITDA of R$769.1 million ($148.8M) dipped