The company registered its first positive results from investments in corn ethanol and sugarcane sugar plants
CerradinhoBio turned its losses into a profit of R$ 72.2 million in the second quarter of the 2024/25 crop season, marking the first positive results from its investments in corn ethanol and sugarcane sugar factories.
In the last quarter, the company began producing raw sugar (VHP), totaling 98,000 tons. The sales of this product alone generated R$ 111.3 million in revenue.
Another source of additional revenue came from the expansion of its corn ethanol production capacity, with the inauguration of a new plant in Maracaju (MS), which processes only corn, and the expansion of the plant in Chapadão do Céu (GO). The company’s total ethanol production (from both sugarcane and corn) more than doubled, reaching 480 million liters.
The company’s total net revenue for the quarter rose by 43.9%, reaching R$ 878.2 million. The adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) from the sugarcane business increased by 21.9%, reaching R$ 117.6 million, while the adjusted EBITDA from the corn business surged from R$ 8 million to R$ 180.1 million.
In a statement, Renato Pretti, CEO of CerradinhoBio, said that “the good results obtained during this period directly reflect the contribution of this production unit, in addition to increased profitability and industrial efficiency.”
The operational improvements reduced the financial pressure on the company. With a net debt of R$ 2.5 billion—a 6.8% increase compared to the previous year—the ratio between EBITDA and net debt (leverage) dropped from 5.01 times last year to 2.96 times.
