Cosan S.A. Business Summary

Cosan S.A. (CSAN) operates as a diversified holding company that generates revenue through a vertically integrated portfolio spanning energy, logistics, and infrastructure. Its primary business segments include Raízen (a joint venture with Shell), a global leader in ethanol and sugar production and Brazil's largest fuel distributor; Compass, which manages natural gas distribution and energy trading; Rumo, the country’s largest independent rail logistics operator; and Moove, a global lubricants business operating the Mobil and Comma brands. The company’s revenue model is driven by a mix of commodity sales, regulated utility fees from gas distribution, and transaction-based logistics services for agricultural and industrial freight. Within the competitive landscape, Cosan competes directly with Vibra Energia in fuel distribution, São Martinho in the sugar and ethanol markets, and Archer Daniels Midland (ADM) in global agribusiness. Relative to these peers, Cosan occupies a unique position as a multi-sector powerhouse that captures value across the entire energy transition and logistics value chain in Latin America. Originally founded in 1936 by the Ometto family, the company is currently led by Chairman Rubens Ometto Silveira Mello, who is credited with transforming the business from a regional sugar mill into a global conglomerate. The executive team is headed by CEO Marcelo Eduardo Martins, who previously served as the group's Chief Strategy Officer and brings a pedigree from Salomon Smith Barney and Votorantim Cimentos. Financial operations are managed by CFO and Investor Relations Officer Rafael Bergman, an alumnus of the London Business School with extensive experience at Shell and Raízen, while Maria Rita de Carvalho Drummond serves as Chief Legal Officer. The company maintains high governance standards with a board that includes Vice Chairman André Santos Esteves, founder of BTG Pactual, and strategic oversight from major institutional investors including Shell, BlackRock, and Vanguard.