Oxidation of 5-hydroxymethylfurfural (HMF) using air or pure oxygen was performed in polytetrafluoroethylene capillary microreactors under gas–liquid slug flow, with Co/Mn/Br as the homogeneous catalyst in the acetic acid solvent. The temperature was varied from 90 to 165 °C at a pressure of 1 or 5 bar. At atmospheric pressure conditions (and 90 °C), acetaldehyde was further added as a co-oxidant to accelerate the reaction. At 150 °C, 5 bar oxygen and a residence time of 2.73 min, an HMF conversion of 99.2% was obtained, with the yields of 2,5-diformylfuran (DFF), 5-formylfurancarboxylic acid (FFCA) and 2,5-furandicarboxylic acid (FDCA) being 22.9%, 46.7%, and 23.8%, respectively. By operation under wetted slug flows and elevated partial ox...