São Martinho S.A.'s Margins Decline Amid Lower Sugar Prices and Rainfall
São Martinho S.A.'s [SMTO3] sugar and ethanol margins declined significantly due to lower prices, heavy rainfall, and weak demand in the first quarter of 2027. Corn-based ethanol margins remained steady during this period.
The company's debt rose by 5% to BRL 5.2 billion between April and June, but its liquidity profile remains strong with no major maturities due soon.