TTEN3 Contingencies: 93 Labor Cases, R$6.7M Provision
Not every FRE contingency page is a R$10bn tax stack. Três Tentos (TTEN3) discloses a high case count / low booked provision labor book — useful when agents assume “many suits ⇒ material balance-sheet risk.”
This page summarizes a contingencies/provisions analysis from the 2025 FRE. apicvm returns the filings.
The research question
> What judicial contingencies are disclosed, and do provisions match probable losses?
Contingency snapshot
| Category | Case count / notes | Provision |
|---|---|---|
| Labor | 93 suits + 3 MPT procedures; 56 probable | R$ 6,664 thousand |
| Civil | 35 suits; 1 probable | R$ 25 thousand |
| Environmental | 6 suits; 5 probable | R$ 159 thousand |
| Tax | 2 “possible” — described as not relevant | No specific provision detailed |
Company states these labor/civil/environmental matters are not relevant contingencies for the business, and that no individual case exceeds an internal relevance threshold of R$ 7 million.
TACs (conduct agreements)
- Older TAC (amended) on safety/working-hours rules: contractual fines e.g. R$ 5,000 per affected worker / R$ 25,000 per act (item-dependent).
- TAC dated 27 Feb 2025: fines such as R$ 10,000 per contract, R$ 5,000 for unqualified professionals, R$ 3,000 per contract — item-dependent.
- Mitigants cited: safety policies, CIPA, SST, training, contractor controls.
Provisioning policy (as stated)
Provision in full for probable losses per counsel; do not provision possible or remote. The reported category totals are consistent with that policy — but the FRE does not list per-case loss estimates, so independent sufficiency checks are limited.
Research takeaway
For mid-cap names, pull contingency sections with name=Conting to capture case counts, TAC fine schedules, and relevance thresholds — not only headline “litigation risk.”
Replicate with apicvm
export APICVM_KEY='apicvm_...'
export APICVM_URL='https://apicvm.dev'
curl -H "Authorization: Bearer $APICVM_KEY" \
"$APICVM_URL/v1/companies/resolve?query=TTEN3&by=ticker"
curl -H "Authorization: Bearer $APICVM_KEY" \
"$APICVM_URL/v1/documents?ticker=TTEN3&type=FRE&year=2025&name=Conting"
curl -X POST -H "Authorization: Bearer $APICVM_KEY" \
-H "Content-Type: application/json" \
-d '{"callback_url":"https://your-server/callback","document":{"id":"<id>"}}' \
"$APICVM_URL/v1/document-text-extractions"Methodology note
Findings above come from a completed Hold analysis of the company's public 2025 FRE. This is a research illustration, not investment, legal, or tax advice. Verify numbers against the original filing before trading, modeling, or publishing reports.
Limitations
- apicvm returns filings and extracted text — it does not classify risks or compute coverage ratios.
- Figures are as of the FRE filing date; later ITRs or facts relevantes can update them.
- Corpus coverage depends on ingestion lag.
Next steps
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