CSN 2Q25 Financial Results

SEC Filing 6-K (0001292814-25-002849)

Companhia Siderúrgica Nacional (CSN) reported its financial results for the second quarter of 2025 (2Q25). The company achieved a net revenue of R$ 10,693.3 million, a slight decrease of 2.0% compared to the previous quarter. The cost of goods sold (COGS) was R$ 7,967.2 million, down 4.9% from the previous quarter, reflecting lower steel sales and raw material costs. Gross profit increased by 7.7% to R$ 2,726.1 million, with a gross margin of 25.5%. Adjusted EBITDA was R$ 2,643.0 million, with a margin of 23.5%, up 1.4 percentage points from the previous quarter. The company recorded a net loss of R$ 130.4 million, an 82.2% improvement from the previous quarter. CSN's steel segment saw a 20.0% increase in adjusted EBITDA to R$ 581.3 million, while the mining segment achieved a record iron ore production of 11,602 thousand tons. The logistics segment also performed well, with a 52.7% increase in net revenue to R$ 1,176.9 million. Despite challenges in the market, CSN demonstrated resilience and efficiency in its operations.