Quarterly ResultAug 13, 2026, 02:01 PM
National Steel 2Q26 Net Loss R$773.1M; Adj. EBITDA R$2.77B
AI Summary
National Steel Company (CSN) reported a net loss of R$ 773.1 million in 2Q26, a deterioration from the previous quarter, primarily due to higher financial expenses from exchange-rate fluctuations. Despite this, net revenue increased by 6.6% sequentially to R$ 11,306.2 million, and Adjusted EBITDA grew 4.8% to R$ 2,772.6 million, driven by strong operational performance across segments. The company achieved a positive free cash flow of R$ 808.1 million, marking a significant turnaround, while net debt saw a slight increase to R$ 42,138.2 million.
Key Highlights
- Net Revenue reached R$ 11,306.2 million, up 6.6% sequentially and 5.7% year-over-year.
- Reported a Net Loss of R$ 773.1 million, a deterioration from the previous quarter.
- Adjusted EBITDA was R$ 2,772.6 million, increasing 4.8% sequentially with a 23.4% margin.
- Free Cash Flow turned positive at R$ 808.1 million, reflecting solid operating performance.
- Consolidated Net Debt increased slightly to R$ 42,138.2 million, with leverage at 3.49x.
- Steel segment Net Revenue grew 8.5% sequentially to R$ 6,075.7 million due to market recovery.
- Mining segment sales volume reached 11,849 thousand tons, up 23.0% sequentially.
- Investments totaled R$ 1,414.0 million, an increase of 25.6% versus the previous quarter.
Price Impact
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