THE Sequoia made “substantial” progress towards signing the terms of an individual transaction with the Attorney General of the National Treasury (PGFN) in order to settle debts involving federal taxes of a social and non-social nature, the company informed this Monday (8). Following the logistics and transport company, on November 17, PGFN issued an order requesting the submission, within 20 days, of documents allowing the proposed conditions to be maintained and the agreement to be completed. The Treasury had already issued the conditions on October 3, approved by the board of directors on November 14, 2025.
After procedures, it was agreed to accept PGFN’s proposal for payment in 15 months; withdrawal of legal discussions and direction of payments and unpaid balances to the Federal Revenue Service of Brazil (SRFB) for the transaction; progressive increase in maturities as debts are consolidated with the SRFB, but without exceeding a period of 15 months; grant reductions on interest and fines; use of credits resulting from tax losses; use of federal court orders that may be acquired, contributed or financed to the business after the term is signed; and expected signature of the term and payment of the first installment for January 2026.
All the effects of this transaction are reflected in the financial statements for the 1st quarter of 2025, the company specifies. In addition to the positive impact of the transaction, Sequoia highlights additional advantages such as obtaining a negative debt certificate, avoiding tax seizures for which a financial effort would be necessary in order to be able to offer legal guarantees, in addition to the cost of legal fees and other procedural costs.
In a second relevant fact, Sequoia reported the need to postpone the publication dates of the financial results for the second and third quarters of 2025.
The changes, explains the company, result from a review of the financial information, taking into account the evolution of the actions promoted by management in the financial restructuring, including the progress of the extrajudicial recovery plan approved on March 20, 2025 and the ongoing negotiations with the PGFN regarding tax debts.
The company informs that the publication of the balance sheet for the second quarter is scheduled for December 19, and that of the third quarter, for January 16, 2026.
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