Correios Post R$ 1.93 Billion Loss in Third Quarter
State-owned company losses grew 18.4% in a year as the government plans a multi-billion injection by 2027
Correios reported a negative result of R$ 1.93 billion between July and September 2026. This figure represents an 18.4% increase compared to the loss recorded in the same period of the previous year.
In the first nine months of the year, the deficit reached R$ 7.48 billion. This value exceeds the negative result observed in the same period of 2025 by 27.2%.
The company's net revenue fell by 8.1% in the quarter, totaling R$ 3.83 billion. Gross profit also suffered a sharp reduction, dropping to R$ 93.4 million during the period.
Financial expenses for the state-owned company rose by 75% in the quarter, reaching R$ 740.5 million. Year-to-date, these costs have more than doubled to reach R$ 2.5 billion.
The company maintains a negative net worth and seeks rebalancing through loans totaling R$ 19 billion. The federal government plans to allocate R$ 6 billion to the state-owned firm by the end of 2027 to sustain operations.
Spotted an error? Write to suporte@criptoico.com.br.
