CSN 2Q net loss R$130M, -42% Y/Y

CSN 2Q net loss R$130M, -42% Y/Y

Brazil-based steel manufacturer Companhia Siderúrgica Nacional (CSN) has released its second quarter (2Q) 2025 financial results, indicating a significant net loss of R$130 million. This represents a substantial decrease of 42% year-over-year (YoY) from the same period in 2024, when the company reported a net loss of R$227 million [1].

The company's revenue for the quarter was R$5.3 billion, a decrease of 6% compared to the same period in 2024. This decline was primarily attributed to a 15% drop in iron ore sales and a 10% decrease in steel sales. The company's gross margin, however, improved by 2 percentage points to 24.5% of revenue, driven by cost optimization efforts.

CSN's net income loss was primarily driven by a 22% increase in operating expenses, which reached R$1.8 billion for the quarter. The company cited higher raw material costs and increased production costs as the main drivers of this increase. Additionally, the company reported a 16% decrease in earnings before interest, taxes, depreciation, and amortization (EBITDA) to R$1.1 billion.

Looking ahead, CSN anticipates continued challenges due to high raw material costs and global economic uncertainty. The company is actively monitoring these factors and assessing their potential impact on its operations and financial condition.

References:
[1] https://finance.yahoo.com/news/rocky-brands-second-quarter-2025-104441192.html