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Minerva Foods Reports Net Revenue of R$56.2 Billion in 12 Months

MRVSY
  • Minerva S.A. reported 3Q26 net revenue of R$14.5 billion, a 3.0% increase from 2Q26, driven by higher beef prices despite lower cattle availability in Brazil & reduced shipments to China.
  • Twelve-month net revenue totaled R$56.2 billion, representing a 9.5% year-over-year growth.
  • Gross margin reached 17.1% in 3Q26, with gross profit of R$2.5 billion, offsetting a 24% year-over-year rise in cattle slaughter costs.
  • Quarterly EBITDA was R$1.2 billion (8.3% margin), a 13.6% decrease from 3Q25, while twelve-month EBITDA reached R$4.7 billion, up 2.7%.
  • Net leverage stood at 3.2x at the end of September 2026, with R$13.9 billion in cash & cash equivalents available to cover debt amortization through 2029.
  • The company repurchased & cancelled approximately US$234.6 million (R$1.2 billion) of bonds in the international market & R$66.2 million of local debt securities year-to-date.
  • Minerva posted a net loss of R$717.3 million in 3Q26, impacted by a negative financial result of R$1.6 billion, compared to a net income of R$120.0 million in 3Q25.
  • Twelve-month net loss narrowed by 56.7% to R$348.2 million from R$803.9 million in the prior-year period.
  • Gross revenue growth was led by Paraguay (R$2.5 billion, +50.5% YoY), Argentina (R$1.7 billion, +44.0% YoY), Australia (+25.0% YoY), & Colombia (+27.0% YoY).
  • Brazilian operations generated R$8.1 billion in gross revenue, a 19.0% decline from 3Q25 due to lower cattle availability & reduced shipments to China.
  • CEO Fernando Galletti de Queiroz highlighted the company's geographic diversification & operational flexibility as key factors in navigating challenging market conditions.
Company
Minerva Foods
Keywords
Minerva Foods