{"id":39589,"date":"2025-05-10T11:36:05","date_gmt":"2025-05-10T11:36:05","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/10\/brazils-csn-mineracao-posts-69-5m-q1-loss\/"},"modified":"2025-05-10T11:36:05","modified_gmt":"2025-05-10T11:36:05","slug":"brazils-csn-mineracao-posts-69-5m-q1-loss","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/10\/brazils-csn-mineracao-posts-69-5m-q1-loss\/","title":{"rendered":"Brazil\u2019s CSN Minera\u00e7\u00e3o posts $69.5M Q1 loss"},"content":{"rendered":"
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Brazil’s CSN Minera\u00e7\u00e3o (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). <\/p>\n

According to InfoMoney, the company’s downturn was primarily caused by exchange rate fluctuations <\/a>affecting its foreign currency cash holdings.<\/p>\n

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

The reduction was mostly caused by normal seasonality and significant rainfall, which hindered transit quantities.<\/p>\n

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.<\/p>\n

Stable prices, rising costs<\/h2>\n

Unit net revenue was US$61.96 per ton, unchanged from both the prior\u2002quarter and year-ago quarter, which is consistent with relatively flat iron ore prices during the period. <\/p>\n

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.<\/p>\n

CSN Minera\u00e7\u00e3o 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.<\/p>\n

Gross profit for the quarter was R$1.17 billion ($227.4 million), down 34.1% from 4q24. <\/p>\n

The gross margin fell to 34.4%, attributable mostly to a lesser dilution of fixed costs as volume fell.<\/p>\n

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

Administrative and\u2002financial pressures<\/h2>\n

General\u2002and administrative expenses increased to R$57.6 million ($11.5 million), a 16.9% uptick quarter-over-quarter, driven by a one-off effect. <\/p>\n

Nonetheless, despite a higher sales volume, these costs were 21.1% lower than those in\u2002Q1 2024, indicating a turnaround in cost control initiatives.<\/p>\n

Equity income was R$37 million ($7.2 million), a decrease of 16.4% compared to the fourth quarter\u2002due to seasonality and lower rail logistics activity via the MRS railroad.<\/p>\n

One of the reasons behind the quarterly loss was the impact of the weaker\u2002currency on CSN Minera\u00e7\u00e3o’s dollar-denominated cash reserves.<\/p>\n

Shareholder returns of $252.8 million have been approved<\/h2>\n

CSN Minera\u00e7\u00e3o’s board approved a substantial shareholder distribution of R$1.3 billion ($252.8 million). <\/p>\n

This included R$1.09 billion ($212 million) in interim dividends and R$210 million ($40.8 million) in interest under equity (JCP).<\/p>\n

The business indicated that stockholders on record as of Monday, May 12, will be eligible for the distribution.<\/p>\n

The payment will be finished by December 31, 2025, with the exact date to be revealed later.s.<\/p>\n

The post Brazil’s CSN Minera\u00e7\u00e3o posts $69.5M Q1 loss<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Brazil’s CSN Minera\u00e7\u00e3o (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 <\/p>\n","protected":false},"author":1,"featured_media":39590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-39589","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=39589"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/39590"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=39589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=39589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=39589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}