Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Investing

Brazil’s CSN Mineração posts $69.5M Q1 loss

admin by admin
May 10, 2025
in Investing
0
Brazil’s CSN Mineração posts $69.5M Q1 loss
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Brazil’s CSN Mineração (CMIN3), the mining arm of steel giant CSN, reported a net loss of R$357 million (approximately $69.5 million) in the first quarter of 2025, a significant decrease from the previous quarter’s net profit of over R$2.0 billion ($389.2 million).

According to InfoMoney, the company’s downturn was primarily caused by exchange rate fluctuations affecting its foreign currency cash holdings.

Adjusted net revenue in Q1 was R$3.41 billion ($662.9 million), a 12.7% decrease from the fourth quarter of 2024.

The reduction was mostly caused by normal seasonality and significant rainfall, which hindered transit quantities.

Despite the quarter-over-quarter reduction, revenue increased by 21.7% year on year, thanks to improved operational efficiency and a more advantageous exchange rate scenario, according to InfoMoney.

Stable prices, rising costs

Unit net revenue was US$61.96 per ton, unchanged from both the prior quarter and year-ago quarter, which is consistent with relatively flat iron ore prices during the period.

COGS for 1Q25 were R$2.24 billion ($435.5 million), up 5.3% from 4Q25 due to increasing purchases of grade ore and high freight charges.

CSN Mineração achieved a strong cash cost per ton of US$21.0/t, a marginal (2.9%) increase q-o-q but a significant (11.0%) year-on-year improvement due to recent operational efficiency gains.

Gross profit for the quarter was R$1.17 billion ($227.4 million), down 34.1% from 4q24.

The gross margin fell to 34.4%, attributable mostly to a lesser dilution of fixed costs as volume fell.

However, compared to the same period the previous year, gross profit climbed by 28.4%, with a margin improvement of 1.8 percentage points.

Administrative and financial pressures

General and administrative expenses increased to R$57.6 million ($11.5 million), a 16.9% uptick quarter-over-quarter, driven by a one-off effect.

Nonetheless, despite a higher sales volume, these costs were 21.1% lower than those in Q1 2024, indicating a turnaround in cost control initiatives.

Equity income was R$37 million ($7.2 million), a decrease of 16.4% compared to the fourth quarter due to seasonality and lower rail logistics activity via the MRS railroad.

One of the reasons behind the quarterly loss was the impact of the weaker currency on CSN Mineração’s dollar-denominated cash reserves.

Shareholder returns of $252.8 million have been approved

CSN Mineração’s board approved a substantial shareholder distribution of R$1.3 billion ($252.8 million).

This included R$1.09 billion ($212 million) in interim dividends and R$210 million ($40.8 million) in interest under equity (JCP).

The business indicated that stockholders on record as of Monday, May 12, will be eligible for the distribution.

The payment will be finished by December 31, 2025, with the exact date to be revealed later.s.

The post Brazil’s CSN Mineração posts $69.5M Q1 loss appeared first on Invezz

Previous Post

Expedia’s cost controls offer hope, but analysts see growth hurdles ahead

Next Post

Analyst urges investors to act as Lyft stock soars on buyback announcement

admin

admin

Next Post
Analyst urges investors to act as Lyft stock soars on buyback announcement

Analyst urges investors to act as Lyft stock soars on buyback announcement

Trending News

Swiss National Bank chief stresses tackling inflation as main goal

Swiss National Bank chief stresses tackling inflation as main goal

November 22, 2024
Joby Aviation: is it a good flying car stock to buy?

Joby Aviation: is it a good flying car stock to buy?

September 24, 2024
Amazon, Alphabet, Disney earnings reports: what investors should know

Amazon, Alphabet, Disney earnings reports: what investors should know

February 3, 2025
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.