Minerva Foods Reports Remarkable R$ 962.5 Million EBITDA for Q1 2025
Minerva Foods Achieves Record EBITDA in Q1 2025
Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a prominent player in the beef export market in South America, revealed its astonishing financial performance for the first quarter of 2025. With an EBITDA of R$ 962.5 million, the company not only set a new quarterly record but also exhibited robust growth when compared to the previous year.
Financial Highlights of Q1 2025
In terms of gross revenue, Minerva Foods reported impressive figures amounting to R$ 11.9 billion, reflecting a 55% increase year-on-year and a 4% rise compared to the last quarter of 2024. A significant portion of this revenue, about 56%, was generated from exports, underscoring the company’s dominance in the international beef market.
For the past twelve months, the cumulative gross revenue reached R$ 40.6 billion, a notable 37% increase from the same period last year. This remarkable performance encompassed a net revenue of R$ 11.2 billion for Q1 2025, representing a 56% rise compared to Q1 2024 and a 5% increase over the previous quarter.
In terms of profitability, Minerva Foods' EBITDA margin stood at 8.6%, with a total EBITDA of R$ 3.5 billion recorded over the past year. Notably, the company achieved an adjusted EBITDA of R$ 4.3 billion, reflecting the pro forma performance of newly acquired assets.
The net result for the company during the first quarter of 2025 was a solid positive figure of R$ 185 million. Furthermore, with regard to leverage, the Net Debt/Adjusted EBITDA ratio remained stable at 3.7x at the end of March.
Capital Increase Initiated
In its recent Extraordinary General Meeting held on April 29, Minerva Foods approved a pivotal capital increase of up to R$ 2 billion. This initiative, facilitating the issuance of 386.8 million new shares, aims to reduce the company’s debt levels and enhance its overall financial stability.
Commitment to Sustainability
Minerva Foods has demonstrated its commitment to sustainability with its continuous inclusion in the Carbon Efficient Index (ICO2) and the Corporate Sustainability Index by B3, the Brazilian Stock Exchange, marking its fifth consecutive year of acknowledgment. Furthermore, the company received an upgrade from Tier 4E to Tier 3D in the Business Benchmark on Farm Animal Welfare (BBFAW), solidifying its reputation as the leading company in Latin America for good animal welfare practices within the beef protein segment.
About Minerva Foods
Minerva Foods stands as the largest beef exporter in South America, catering to over 100 countries with a diverse range of products including lamb and beef derivatives. Operating in countries such as Brazil, Argentina, Paraguay, Uruguay, and Colombia, the company has a workforce exceeding 30,000 employees. Its extensive operational network includes 46 industrial units, 17 international offices, and 23 distribution centers globally, reinforcing its capacity to meet the demands of the international market.
As the company continues to expand its reach and enhance its operational efficiencies, it remains a key player in both the South American beef market and the global meat industry.