📮 Posting losses

Brazil’s state-controlled postal company, Correios, has announced a sweeping restructuring plan amid mounting losses and a deep financial crisis. The strategy includes a loan of BRL 20 billion (USD 3.7 billion) being arranged through public and private banks, backed by a federal government guarantee.

Correios reported net losses of BRL 4.37 billion in the first half of 2025 — already surpassing its total losses for all of 2024. Revenue fell 9.5% year over year to BRL 8.9 billion, while expenses reached BRL 13.4 billion, driven largely by…

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