Gol Linhas Aéreas Inteligentes (GOLL54) Q1 2025 earnings summary

Executive summary

• Report covers Q1 2025, with financials reviewed by EY and no exceptions noted to IFRS and Brazilian standards.

• Company remains under Chapter 11 bankruptcy protection, with significant restructuring and capital initiatives ongoing.

• Operations, including passenger, cargo, and loyalty programs, continue normally during reorganization.

Financial highlights

• Net revenue reached R$5.63 billion, up from R$4.71 billion year-over-year.

• Net income for the quarter was R$1.38 billion, compared to R$3.79 billion in Q1 2024.

• EBITDA and EBIT not explicitly disclosed, but gross profit was R$1.62 billion.

• Basic EPS: R$0.094 (common), R$3.274 (preferred); prior year: R$0.258 and R$9.035.

• Cash and equivalents at quarter-end: R$2.06 billion (consolidated).

Outlook and guidance

• Management expects successful implementation of the reorganization plan to strengthen capital structure and support future growth.

• Company aims to raise up to US$1.85 billion in new capital post-Chapter 11 exit.