Correios Misses Delivery Targets Nationwide as Cash Crunch Deepens

Overview

• No state unit hit its on‑time delivery goal in the latest assessment, with nationwide performance at 90.18% against a 95.54% target and Roraima posting the worst rate at 64.84%, as the North concentrated most of the weakest results.
• Correios attributes the delays to backlogs and shortages of outsourced labor and says it is prioritizing payments to logistics vendors, hiring emergency regional operators, optimizing transport routes, and adding extra national and overnight trips.
• Internal reports show international parcel volumes fell from 149 million to 41 million between January and September year over year, with related revenue dropping from R$3.2 billion to R$1.1 billion and total revenue sliding 12.7% to R$12.3 billion in the same period.
• The company now projects a R$5.8 billion loss for 2025 and a R$9.1 billion deficit for 2026, notes a R$3.23 billion decline in cash inflows in January–September 2025, and acknowledges a vicious cycle in which deteriorating operations erode client relationships that generate over half of sales.
• Correios obtained a Treasury‑backed loan and is seeking additional government capital, as an O Globo column argues the crisis reflects structural inefficiencies rather than Remessa Conforme alone and a federal deputy requests oversight by the TCU, CGU, and PGR.