By Brazil Stock Guide – Fictor Alimentos (B3: FICT3) disclosed that it received the formal resignation of UHY Bendoraytes & Cia Auditores as its independent auditor for the financial statements of the year ended December 31, 2025, with immediate termination of the audit services contract. The move comes as the company’s controlling shareholder, Fictor Holding S.A., undergoes judicial recovery proceedings in Brazil, intensifying scrutiny over governance and reporting timelines.
According to the filing, UHY cited “supervening circumstances” that directly affect the essential assumptions required to maintain the professional relationship and regulatory conditions necessary for continuing audit work under Brazilian auditing standards. The statement explicitly refers to the ongoing court-supervised restructuring of Fictor Holding S.A. and Fictor Invest Ltda., both under the same control structure.
Auditor resignations close to year-end reporting are typically viewed as sensitive by investors, particularly when linked to financial distress at the controlling level. Fictor said it is making its “best efforts” to appoint a replacement auditor and will keep the market informed about any potential impact on the issuance of its 2025 financial statements.
Governance Under Scrutiny
Although the listed company and its controlling shareholder are legally distinct entities, restructuring at the holding level can affect market perception of stability, access to credit, and operational continuity. Minority shareholders and creditors tend to reassess exposure when governance risk intersects with financial distress.