CSN Mineração (CMIN3) posted net income of R$ 222 million in the first quarter of 2026, reversing a R$ 357 million loss from the same period in 2025, according to financial statements filed with the Securities and Exchange Commission (CVM) on Wednesday (13). The reversal marks an operational turnaround for the 60-year-old miner, which operates under CNPJ 33.042.730/0013-48 with primary activity of iron ore extraction. ✓
Press quotes (2)
"A CSN Mineração registrou lucro líquido de R$ 222,1 milhões no primeiro trimestre de 2026, revertendo prejuízo líquido de R$ 357 milhões no primeiro trimestre de 2025, segundo demonstrações financeiras enviadas à Comissão de Valores Mobiliários (CVM) na noite desta quarta-feira (13)"
""cnpj": "33042730001348", "razao_social": "COMPANHIA SIDERURGICA NACIONAL", "situacao_cadastral": "ATIVA", "data_inicio_atividade": "1966-08-08", "atividade_principal": "Extração de minério de ferro""
Net revenue totaled R$ 3.165 billion in the period, down 7.2% from R$ 3.412 billion in the first three months of 2025. Iron ore sales remained practically stable at 9.636 million tons, compared to 9.640 million in the prior period. Adjusted Ebitda reached R$ 1.420 billion, a marginal 0.5% decline year-over-year, with margin rising from 41.8% to 44.9%. ✓
Press quotes (2)
"A receita líquida totalizou R$ 3,165 bilhões, queda de 7,2% ante os três primeiros meses de 2025. A companhia registrou vendas de 9,636 milhões de toneladas de ferro, praticamente estável com as 9,640 milhões anotadas no mesmo período do ano passado"
"Já o Ebitda Ajustado somou R$ 1,420 bilhão entre janeiro e março, leve recuo de 0,5% na comparação anual"
Financial results improved 52.4%, moving from R$ 1.315 billion negative in the first quarter of 2025 to R$ 626 million negative in the current period. Net debt fell 5.8% in the quarter to R$ 683 million, keeping leverage stable at 0.11 times measured by net debt to Ebitda. ✓
Press quotes (1)
"O resultado financeiro foi negativo em R$ 626 milhões entre janeiro e março, redução de 52,4% ante o R$ 1,315 bilhão negativo registrado no mesmo período de 2025"
Investments (capex) totaled R$ 431 million in the quarter, up 14.3% year-over-year, directed toward structural projects including P15 infrastructure development and works to increase operational efficiency. The company reported a balanced environment in the transatlantic iron ore market, with sustained prices despite weaker steel demand from China and rising global fuel costs due to Middle East conflict. ✓
Press quotes (2)
"o investimento subiu 14,3%, em linha com o avanço na execução de projetos estruturantes, com destaque para a evolução da infraestrutura da P15 e para as obras para aumentar a eficiência operacional da companhia"
"o início do ano foi marcado por um ambiente equilibrado no mercado transatlântico de minério de ferro, com preços sustentados apesar de um cenário de menor robustez para a demanda de aço na China e do aumento dos custos globais de combustíveis diante da escalada do conflito no Oriente Médio"
CSN Mineração reversed R$ 357 million loss in Q1 2025 to R$ 222 million profit in Q1 2026
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (1)
Capex of R$ 431 million in Q1 2026 represents 14.3% annual increase but 51.3% decline vs Q4 2025
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What were the specific operational factors that generated the reversal from loss to R$ 222 million profit?
Why it's still unknown: Attempt to obtain official financial statements (ITR) from CSN Mineração for Q1 2026 from CVM failed, limiting analysis to media-reported data without detailed performance driver breakdown
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How does CSN Mineração's performance compare with other Brazilian miners in the same period?
Why it's still unknown: No source provided sectoral comparative analysis or benchmarking with peers like Vale to contextualize whether recovery is CSN-specific or sectoral movement
Did not cover: Info Money Valor Econômico -
What is the company's guidance for upcoming quarters and sustainability of the recovery?
Why it's still unknown: Sources did not report management statements on future prospects or guidance for 2026
Did not cover: Info Money Valor Econômico