Minerva Foods Reports Impressive R$ 13.4 Billion Revenue in Q1 2026
Minerva S.A., a key player in the South American beef export sector, has disclosed its financial results for the first quarter of 2026, highlighting an impressive net revenue of R$ 13.4 billion. This reflects a notable increase of 19.8% when compared to the same period in 2025. Throughout the last twelve months ending March 2026, the company achieved a consolidated net revenue totaling R$ 57 billion, marking a record for the company and demonstrating a 49.8% growth year-over-year.
In terms of gross revenue, Minerva Foods reported R$ 14.5 billion for Q1 2026, which represents a 21.3% rise over the first quarter of the previous year. Exports have played a crucial role in this growth, accounting for approximately 55% of total revenue. Over the trailing twelve months, gross revenue soared to R$ 60.6 billion, up 49.2% from the previous year, with exports composing 59% of this revenue.
The company's EBITDA reached R$ 1.1 billion for the quarter, translating to an EBITDA margin of 8.3%. This marks a 16.2% improvement compared to Q1 2025. When looking at the entire last twelve months, EBITDA climbed to an unprecedented R$ 5 billion, maintaining a margin of 8.7%.
Net income for the first quarter was R$ 87.3 million, contributing to a robust net income of R$ 750.6 million for the twelve months leading to March 2026. The firm’s net leverage, measured by the Net Debt to LTM EBITDA ratio, was stable at 2.7x as of the end of March 2026, showcasing financial stability in a fluctuating market environment.
Amidst the current volatility in the Northern Hemisphere, South America is solidifying its role as a vital element in global food security. Minerva Foods continues to assert its leadership within the industry through the implementation of efficient practices and innovation. The commitment to traceability and efficient execution underlines the company's resilience and optimism in the global protein market.
In a recent Ordinary General Meeting held on April 28, 2026, the board approved the allocation of R$ 30.8 million in supplementary dividends. When combined with R$ 162.1 million distributed as frontloading in late 2025, total dividends for the fiscal year amount to R$ 192.9 million, reflecting a payout ratio of 25%. This decision underscores Minerva’s dedication to enhancing shareholder value while upholding financial prudence.
Minerva Foods is recognized globally for its premium food products and holds a leadership position in beef exports across South America. The company operates several brands, including Cabaña Las Lilas, Estância 92, and Pul, which are acclaimed for their quality. Minerva Foods operates in over 100 countries and is part of a larger conglomerate that includes Minerva Energy, Minerva Biodiesel, and other ventures.
With over 30,000 employees and 46 industrial facilities alongside 18 international offices and 23 distribution centers, Minerva Foods is dedicated to delivering top-notch beef, lamb, and processed products worldwide. As the company strengthens its operational framework, it remains alert for new market openings, ready to navigate the dynamic global protein landscape.