Raízen’s R$ 15.6B Loss Lays Bare a Debt Crisis With No Easy Exit

2026-02-13 - 10:15

3 Key Points — Net loss expanded six-fold to R$ 15.65 billion (~$2.7B), driven by a non-cash R$ 11.1 billion (~$1.9B) asset impairment triggered by credit rating downgrades. Even excluding the write-down, the underlying loss was R$ 4.5 billion (~$776M) — nearly double the year-ago loss. — Net debt surged 43% to R$ 55.3 billion