A Emgepron (Naval Project Management Company) states, through a note, that the primary deficit of R$17.797 billion predicted for 2026 – the largest among federal state-owned companies – results “exclusively from strategic investments”, and not from losses. The deficit forecast was released by the government on Thursday (12) in the first budget and financial programming decree of the year.
According to the note, Emgepron received capitalization of R$ 10.25 billion via the Union Budget between 2017 and 2019 to build five ships for the Navy. These resources had a positive impact on the state-owned company’s results.
As of 2020, they began to be recorded as a primary deficit, as they were applied to the construction of ships.
“The investments made in the 2025 financial year correspond to the natural advancement of the schedule and do not indicate any losses to the company”, says the note. “Emgepron presents annual net profit, the result of its operations and businesses, and has the prospect of continuing these positive results in the coming years, according to the annual statement to be released in a timely manner.”
