Companhia Siderúrgica Nacional (SID) Q4 2025 Earnings Call March 12, 2026 10:30 AM EDT

Company Participants

Antonio Marco Rabello – CFO, Executive Director of Finance & Investor Relations and Member of Executive Board
Helena Guerra – Head of Sustainability, HSE & Assets
Benjamin Steinbruch – President of Executive Board, CEO & Director
Luis Martinez – Chief Commercial Officer & Member of Executive Board

Conference Call Participants

Rafael Barcellos – Banco Bradesco BBI S.A., Research Division
Daniel Sasson – Itaú Corretora de Valores S.A., Research Division
Marcelo Arazi – Banco BTG Pactual S.A., Research Division
Guilherme Nippes – XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Research Division
Henrique Tavian Marques – Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Good afternoon, ladies and gentlemen. At this time, we would like to welcome everyone to CSN’s Earnings Conference Call for the Fourth Quarter ’25 and full year. Today, we have with us the company’s executive officers. We would like to inform you that this event is being recorded.

[Operator Instructions]

The event can be accessed at ri.csn.com.br, where the presentation is also available. There will be a replay service for this call on the website. Before proceeding, we would like to state that some of the forward-looking statements or trends are based on current assumptions. and opinions of the company’s management. They may differ materially from those expressed herein, which do not constitute projections. In fact, actual results, performances or events may differ materially from those expressed or implied by forward-looking statements as a result of several factors, such as general and economic conditions in Brazil and other countries, interest rates and exchange rate levels, future rescheduling or prepayment of debt denominated in foreign currencies, protectionist measures in the U.S., Brazil and other countries, changes in laws and regulations and general competitive factors at a global, regional and national basis.

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