Financial data released by the company, in the process of judicial recovery in the US, indicate dilution of shareholders
The preliminary and unused data released by Gol on Monday (5.MAI.2025) point to an 18% increase in the net revenue of the company from January to March 2025. The company designs that it will have revenue of R $ 5.6 billion during the sale of tickets and other services.
The result before interest, taxes, depreciation and amortization (EBITDA) should be R $ 1.54 billion, growth of 18% in the year. The recurrent EBITDA margin of 27.3% implies a retraction of 0.7 percentage point in the indicator.
Average revenue per airline passenger grew 5% in the period. Flight supply increased by 12% and the occupancy rate in the period increased 0.3 percentage point over the previous year and was 83.5%.
The company’s cash liquidity was $ 4.6 billion at the end of March, a 21%growth. Liquidity indicates the company’s ability to pay short -term debt.
According to Gol, there will be “Substantial Dilution” of the actions in circulation. The company is in the process of judicial recovery in the United States and will convert its debts into action. The company intends to pay up to $ 1.7 billion of debts that existed before judicial recovery and up to US $ 850 million of other obligations.
Judicial recovery is a legal process that allows companies in financial difficulties to restructure their debts to try to raise capital and continue to operate, with judicial supervision. It is an alternative to traditional bankruptcy, offering a chance of recovery and continuity of operations.
With the transformation of debt into action, creditors will receive shares from the company instead of money. As new actions are created and given to these creditors, the participation of current shareholders in the company in terms of percentage of the total actions decreases.
Gol estimates the receipt of US $ 330 million in investments from strategic partners up to 180 days after the end of the judicial recovery process. Of the total, US $ 180 million will be used to pay part of the process departure financing.
For the year, Gol revised estimates, projecting net revenue between R $ 22.1 billion and R $ 22.7 billion, and Ebitda between R $ 5.7 billion and R $ 5.9 billion.
