#Brazil #São Paulo #Financial Performance #Minerva Foods #beef exports

Minerva Foods: A Landmark Year of Financial Growth

Minerva Foods, recognized as one of South America's foremost exporters of fresh beef, has recently reported unprecedented financial results for the fiscal year 2025. The company's total gross revenue reached an impressive R$ 58 billion, reflecting a significant increase of 59.7% from the previous year. Notably, beef exports accounted for a substantial 60% of this revenue, underscoring the company's dominant position in the global meat market.

The consolidated net revenue for the year stood at R$ 54.8 billion, marking a remarkable 60.9% growth compared to 2024. This achievement aligns with Minerva Foods' projections, as it reached the top end of its 2025 revenue guidance. During the fourth quarter alone, net revenue hit R$ 14.2 billion, representing a year-over-year increase of 32.6%.

Record EBITDA and Net Income

For the entirety of 2025, Minerva Foods recorded an EBITDA of R$ 4.8 billion, which is also a new record for the company. The EBITDA margin stood at a commendable 8.8%. In Q4 2025, the company achieved an EBITDA of R$ 1.2 billion with a margin of 8.2%, denoting a year-on-year growth of 24.1%. Furthermore, the net income reached an all-time high of R$ 848.3 million for the year, with the fourth quarter contributing R$ 85 million.

Free cash flow generation for 2025 also showcased robust performance, totaling R$ 1.5 billion. Cumulatively, since 2020, Minerva has generated an impressive R$ 8.9 billion in free cash flow, reflecting strong operational cash flow capabilities.

As of December 2025, the company's net leverage, indicated by the Net Debt to LTM EBITDA ratio, stood at a manageable 2.6x, demonstrating effective financial management and stability.

Dividends and Shareholder Value

In a move to reward its shareholders, Minerva's management intends to propose a distribution of R$ 30.8 million in additional dividends during the upcoming Annual General Meeting scheduled for April. Combined with an earlier distribution amounting to R$ 162.1 million at the end of 2025, the total dividends related to fiscal 2025 will reach R$ 192.9 million, emphasizing the company's commitment to enhancing shareholder value while adhering to solid financial principles.

Optimistic Outlook for 2026

Looking ahead, Minerva Foods is optimistic about the global beef market in 2026. Analysts predict continued positive market conditions, driven by a reduction in supply from key production regions like the United States and Europe, paired with robust consumer demand despite increasing prices. This equilibrium is expected to bolster protein price appreciation internationally, benefiting industry players with a strong global presence and versatile market strategies.

About Minerva Foods

Minerva Foods is a leading global food enterprise known for its high-quality beef brands, including Cabaña Las Lilas and Estância 92. Operating in over 100 countries, the company specializes in beef exports and also maintains a significant presence in the processed foods segment. As part of Minerva S.A., which encompasses various food and biodiesel ventures, the company employs over 30,000 individuals and operates 46 industrial units, 18 international offices, and 23 distribution centers worldwide. Through its commitment to quality and innovation, Minerva Foods continues to strengthen its impact on the food industry, delivering superior products to consumers around the globe.