  We present a spectrophotometric analysis of S Ori J053825.4-024241, a
candidate member close to the substellar boundary of the young (1-8 Myr),
nearby (~360 pc) sigma Orionis star cluster. Our optical and near-infrared
photometry and low-resolution spectroscopy indicate that S Ori J053825.4-024241
is a likely cluster member with a mass estimated from evolutionary models at
0.06+0.07-0.02 Msol, which makes the object a probable brown dwarf. The radial
velocity of S Ori J053825.4-024241 is similar to the cluster systemic velocity.
This target, which we have classified as an M 6.0+-1.0 low-gravity object,
shows excessemission in the near-infrared and anomalously strong photometric
variability for its type (from the blue to the J band), suggesting the presence
of a surrounding disc. The optical spectroscopic observations show a continuum
excess at short wavelengths and a persistent and resolved Halpha emission
(pseudo-equivalent width of ~-250 AA) in addition to the presence of other
forbidden and permitted emission lines, which we interpret as indicating
accretion from the disc and possibly mass loss. We conclude that despite the
low mass of S Ori J053825.4-024241, this object exhibits some of the properties
typical of active classical T Tauri stars.
