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2026-07-30 23:45 UTC → 2026-07-31 20:52 UTC ·
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By the end of June Raízen disclosed a R$27.1 billion net loss for FY2025/26, driven by R$22.5 billion in asset‑impairment provisions, pushing gross debt to R$71.8 billion. President Nelson Gomes said the firm expects the court‑approved extrajudicial recovery plan to be confirmed by September, reaffirming the R$3.5 billion Shell injection, a potential R$500 million contribution from Aguassanta, and support from roughly 80 % of creditors. The fuel‑distribution arm posted a 35.5 % rise in adjusted EBITDA, while the bio‑energy segment fell. In July the company continued its planned asset disposals, selling the Caarapó sugar mill in Mato Grosso do Sul to Adecoagro for roughly R$760 million. These transactions are intended to improve liquidity but are not expected to materially lower leverage. On 30 July 2026 the São Paulo Court 3ª Vara de Falências e Recuperações Judiciais homologated Raízen’s extrajudicial recovery plan, authorising confirming the restructuring of about R$61.4 billion of unsecured debt. The proposal garnered decision was backed by 81.6 % support from of unsecured creditors and faced no objections. It calls for a capital increase of R$3.5‑R$4 billion funded by Shell Brasil and Aguassanta, with roughly Roughly 45 % of the restructured credits to will be converted into equity units at R$0.50 per unit and each, with the remaining 55 % to be refinanced through new debt instruments. instruments, and a capital increase of R$3.5‑R$4 billion to be funded by Shell Brasil and potentially Aguassanta. The plan also includes mandates the separation segregation of the fuel‑distribution and bio‑energy businesses and the divestment a programme of non‑strategic assets, keeping the restructuring on track toward asset divestments. Raízen said the March 2027 debt‑to‑equity conversion deadline while ownership negotiations court approval strengthens stakeholder confidence and provides a sustainable capital structure as it proceeds with IG4 Capital corporate reorganisation and other bidders continue. asset sales.