GOAL (GOLL4), currently in judicial recovery in the United States pursuant to Chapter 11 procedure, recorded a net loss of 5.1 billion dollars in the fourth quarter of 2024 (4T24), according to the report on the results published on Friday (28).
The value represents a significant worsening on the loss of 1.09 billion R $ reported in the same period of 2023 – an increase of almost five times. In 2024 accumulated, the airline added a loss of $ 6 billion, compared to 1.2 billion R $ in 2023.
The Ebitda (profit before interest, taxes, depreciation) was negative at $ 443 million, reversing the positive result of 1.6 billion dollars in the fourth quarter of 2023.
On the other hand, the net revenues of the company in the quarter were $ 5.5 billion, a growth of 9.5% on 4T23. In 2024 consolidated, the revenue amounted to $ 19.1 billion, up 1.9% compared to the previous year.
Goll4: Debt and Expenses
In accumulated of the year, the total costs advanced by 2.9% due to the strong currency devaluation, according to the company. Between October and December 2024, the costs and operational expenses amounted to $ 6.5 billion, with an increase of 68.7% compared to the 3.8 billion dollars recorded in 4T23.
The gross debt at the end of the 4T24 reached 34.7 billion dollars, an increase of 73% in the same period of the previous year. This growth has been attributed to the devaluation of the loan of royal and financial DIP (debtor loan in possession).
New projections for 2025
Gol also published its new financial projections for 2025. The company estimates a net revenue between 22.1 billion dollars and 22.7 billion dollars for the year.
The expectation for the applicant Ebitda varies from $ 5.7 billion to $ 5.9 billion. These projections consider an average exchange rate of $ 6.04 per dollar in 2025.
Around 1:30 pm on Friday (28), the Goll4 shares operated at a drop of 3.42% in B3, the Brazilian stock exchange, listed at $ 1.41.
Source: Terra
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