Brazil federal state-owned companies report 22% profit increase

Federal state-owned companies in Brazil recorded an aggregate profit of R$ 113.1 billion during the first half of 2026, representing a 22% increase compared to 2025. When excluding Petrobras, the group maintained a positive result of R$ 27.8 billion.

Revenue for these companies also grew by 17.5%, reaching R$ 767.7 billion in the same period. Comparing the first and second quarters of 2026, profits rose by 76.5% and revenue increased by 18%.

These figures were released in a quarterly bulletin by the Secretariat for Coordination and Governance of State-Owned Enterprises (Sest), under the Ministry of Management and Innovation in Public Services. Elisa Leonel, the secretary of Sest, noted that the evolution reinforces a positive outlook for the second half of 2026.