GPA agrees to restructure R$ 4.5 billion in debt

Brazilian retail giant GPA, known as Grupo Pão de Açúcar, reached an agreement with its main creditors to present an extrajudicial recovery plan. The measure outlines the restructuring of R$ 4.5 billion in debt. Following the announcement, the retailer's shares were down slightly more than 3% on the Ibovespa around 11:30 a.m.

GPA stated to the market that its stores will continue normal operations. The company noted that suppliers, customers, and commercial partners remain excluded from the process and will not be affected. According to market experts, securing the agreement of 46% of creditors allows GPA to postpone debt maturities, providing the company with operational breathing room.

The retail group faced major debt maturities in the first half of the year that threatened to deplete its cash reserves. Doubts about its operational continuity had previously emerged following its fourth-quarter 2025 financial report published in late February.

During that fourth quarter of 2025, GPA recorded sales of R$ 5.5 billion. Operating costs reached R$ 3.6 billion, and operating expenses totaled R$ 1.5 billion. With financial expenses of R$ 438 million alongside taxes and depreciation totaling R$ 472 million, the company posted a net loss of R$ 572 million for the quarter.