The primary result of federal state-owned companies reached the worst level for a first four-month period since 2002, while Correios advances in a restructuring plan after successive losses, negative equity, and credit raising to restore liquidity.
Record deficit of R$ 5.9 billion in federal state-owned companies marked the first four months of this year, a result equivalent to 0.14% of GDP and disclosed by the Central Bank this Friday (29), in a fiscal statistics report.
Canal JH Engenharia highlights that the indicator considers the primary result of federal public companies, but does not include Petrobras, Eletrobras, Caixa Econômica Federal, and Banco do Brasil. The exclusion helps to delimit the scope of the data.
Federal state-owned companies have the worst four-month period of the series
Since the beginning of the historical series in 2002, the performance from January to April is the worst ever recorded for a first four-month period. The loss exceeds the negative result of R$ 2.73 billion observed in the same period last year.
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The accumulated four months also approach the loss recorded throughout the year 2025. Within the analyzed period, January concentrated the worst monthly result, while April was the second worst month of this year.
Correios increase pressure on public companies
The scenario occurs amid the situation of Correios, a federal state-owned company. The company recorded a deficit of R$ 8.5 billion in 2025, a value three times greater than the negative result recorded in 2024.
It was the fourth consecutive year of loss in the state-owned company, a sequence that began after 2021, when Correios had a record profit of R$ 3.7 billion. The financial deterioration led the company to enter a restructuring process.
Restructuring attempts to recover financial predictability
The diagnosis pointed to negative equity of R$ 10.4 billion, an accumulated loss of R$ 6.057 billion until September 2025, and worsening quality and liquidity indicators.
The first phase of the plan seeks to reorganize the financial flow, regularize pending issues with suppliers and contractors, and recover predictability. In this process, Correios raised R$ 12 billion in credit with a pool of banks.
With information from CNN.

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