the Loss of post office It could reach R$ 23 billion in 2026, if the restructuring plan is not implemented, According to internal estimates obtained value. For this year, the state-owned company expects R$10 billion to be needed to close accounts.
“In recent years, we have faced a difficult scenario: declining revenues, increasing costs and loss of space in the parcel market, from 51% to 25%. Together, these factors predict losses that could reach R$10 billion in 2025 and R$23 billion in 2026, if nothing is done,” the state-owned company says, in a document obtained by the company. value.
The company recorded a loss of R$4.3 billion in the first half of the year. The monthly loss ranges between R$700 million and R$750 million, under the pressure of expenses that are considered rigid and difficult to adjust.
The company’s management approved the restructuring plan this week. One of the planned measures is specifically a loan guaranteed by treasure.
A new round of financing
As it turns out value, Banks have until November 25 to submit their proposals for the new round of financing opened by the Post Office. The state-owned company decided to relaunch the operation after the first attempt resulted in prices much higher than acceptable.
In this round, the offer continues to offer up to R$20 billion, but with more flexible rules. It is expected to obtain at least R$10 billion needed to close accounts this year, as long as the cost remains within the ceiling of 120% of the CDI, which is the reference that the National Treasury adopts when granting approval for operations of this type.
The logic is to distribute fundraising efforts over more than one round, which could attract small banks that did not participate in the first process, mainly limited to large institutions.
After the 25th, Curios will be able to send the Union Guarantee request to the Treasury to make the process viable. The state-owned company will not only present the structured credit process with participating banks and specific financial terms, but will also submit a corporate restructuring plan, a document considered essential to support the granting of the guarantee.
Transferring dormant properties and new points of sale
In addition to the loan, the restructuring plan also includes a Transfer of passive propertiesrevised to a potential of up to R$1.5 billion. Another central point would be A New PDV (Voluntary Separation Programme)Which should reduce the number of employees by at least 10 thousand. Each 5,000 subscriptions represent about R$1 billion in annual savings, and the program pays for itself in less than 12 months, according to interviewers.
The complete plan was designed in three phases. The first, already underway, seeks to stabilize the process by approving new financing, regulating payments, reviewing contracts, strengthening controls and restoring regularity to deliveries. The second, scheduled for 2026 and 2027, involves modernization and structural cuts, with the automation of logistics, the reorganization of inefficient units and the reduction of the Postal Saúde deficit, with the aim of returning to profit in 2027.
The third phase, from now on, prepares the company for growth, through strategic partnerships, adoption of new technologies and adjustments to the business model to regain competitiveness in the logistics sector.
Opportunity with logistics for medicines and vaccines
One example of an opportunity that the state-owned company has analyzed is logistics Medicines and vaccines. Interlocutors state that this front could be developed through partnerships or joint ventures, which maintain control of the state-owned company with the union and, at the same time, allow Curios to operate in a more profitable sector.
In this arrangement, a specialized company can install cold rooms inside operations centers, while the state-owned company handles logistics services.
Correios already has the installed capacity to do this, but additional investment is needed. There are still other business partnerships planned. End-to-end last mile delivery (the last stage of delivery logistics) will remain the responsibility of the state-owned company, as it is a constitutional responsibility.
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