Coruripe reports record sugar and ethanol output but lower revenue, secures R$1.5 bn from precatório monetization

Brazilian sugar‑ethanol processor Coruripe announced that its 2026/27 harvest, up to May, saw cane milling rise 31.1% to 3.34 million t, sugar‑equivalent production climb 38% to 7.98 million sacks and ethanol output nearly double, up 97% to 103,500 m³. The surge in volumes was offset by falling sugar prices – the average sugar price fell 16.5% to R$ 97.98 per sack – leading to a 14.4% drop in consolidated gross revenue to R$ 457 million and a 26.4% fall in sugar revenue. Net loss narrowed to R$ 91.1 million and EBITDA fell 14% to R$ 130.7 million, while the gross margin improved to 28.1%.

On 29 May the company received roughly R$ 1.5 billion from the monetisation of precatórios, re‑classifying the amount from “other rights” to cash and equivalents. The cash inflow will be reflected in the June financial statements and is expected to help further reduce its bank debt, which already fell 35.7% to R$ 2.41 billion. Coruripe highlighted that about 69% of its VHP sugar for the new crop is already hedged, mitigating price volatility.