Federal state companies recorded record revenues of R $ 1.3 trillion in 2024, with R $ 6.7 trillion in assets, annual increments of 4.9% and 10.9%, respectively. Net profit last year was R $ 116.6 billion, an annual drop of 41% pulled by reducing Petrobras profits (). The federal government stressed that, without the oil company, profit grew compared to 2023, reaching R $ 79.6 billion (+9.4%).
The data are contained in the aggregate report of federal state companies of 2024, released on Friday, 22, by the Ministry of Management and Innovation in Public Services (MGI).
The document also pointed out that federal state -owned companies are responsible for more than 440,000 direct jobs, representing 5.4% of GDP and totaling R $ 96 billion in investments.
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Last year, they distributed R $ 152.5 billion in dividends and interest on equity, being R $ 72.1 billion (47%) to the federal government and R $ 80.4 billion (53%) for its other shareholders.
“Public companies are part of our long -term sustainable development strategy. In the government of President Luiz Inacio Lula da Silva we will continue to work to strengthen and modernize state -owned companies and their governance mechanisms,” Management Minister Esther Dweck said in the report.
The minister also pointed out that state -owned companies are “central pieces” in housing, agricultural credit, small and medium enterprises and microentrepreneurs.
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MGI claimed that “primary deficits may be synonymous with good news.” The Central Bank (BC) periodically evaluates the primary results of a set of 20 non -dependent state -owned companies (Petrobras and financial sector companies are excluded). In BC statistics, these state -owned companies ended 2024 with operating profit of R $ 1.7 billion. At the same time, 11 registered primary deficit, totaling R $ 6.7 billion.
In the government’s argument, of the 11 state -owned companies who recorded deficit, only two of these also had damage, post office and infraero. “The others had or a combination of deficit and profit, for example for investing accumulated resources in previous exercises, or surplus and profit,” said the management folder.
“This apparent contradiction of results reinforces the importance of understanding the difference between the methodology that investigates deficit and surplus (primary result) and that calculates damage and profit (operational result),” the ministry added.
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The document also stressed that, from the point of view of the state as an investor, for every R $ 1 of the federal budget directed to state -owned companies, R $ 2.51 returned to the public coffers on the form of dividends and interest on equity, “demonstrating financial robustness and significant contribution to the national economy.”
The report information was extracted from the State Information System (Siest) in June 2025. In some cases, the MGI explained that the data were adjusted based on reports, financial statements and other documents from the companies themselves.
