#Brazil #São Paulo #Minerva Foods #Beef Export #South America

Minerva Foods Reports Record Financial Results for 2026

Minerva S.A., the foremost exporter of beef in South America, has released its financial report for the second quarter of 2026, showcasing a remarkable achievement in net revenue totaling R$ 57.2 billion over the last twelve months. This figure reflects a substantial year-on-year growth of 29.1%, emphasizing the company's robust market presence and operational efficiency in a competitive landscape.

The net revenue for the second quarter reached R$ 14.1 billion, marking a 1.3% increase compared to the same quarter the previous year and a healthy 5.2% rise from the first quarter of 2026. The data illustrates an ongoing upward trend in Minerva's operational performance, consistently capitalizing on both domestic and international market opportunities.

Minerva's gross revenue for the second quarter also saw significant numbers, totaling R$ 15.1 billion, of which 57% was attributed to exports. This strong export performance underscores the company's pivotal role in global food security, particularly in the face of rising demands for animal protein worldwide.

One of the highlights of the report is the EBITDA, which reached R$ 1.2 billion for the quarter, showcasing an EBITDA margin of 8.7%. This represents a 10% increase compared to the previous quarter, further demonstrating the company’s resilience and its ability to navigate through varying market dynamics efficiently. Additionally, the total EBITDA over the past year amounted to R$ 4.9 billion, reflecting a 22.1% increase.

The net income for the second quarter was reported at R$ 196.9 million, which is more than double from R$ 87.3 million recorded in the first quarter of the year. This brings the total net income for the first half of 2026 to approximately R$ 284.2 million, and R$ 489.2 million over the past twelve months. Such significant figures not only indicate a successful operational strategy but also a commitment to maximizing shareholder value.

Minerva Foods has also made strategic moves within its capital structure, successfully reducing net leverage to 2.9x by the end of June 2026. This marks a decrease from 3.2x in the same quarter last year, showcasing the company’s focus on financial discipline and sustainable growth.

As a global player in the food industry, Minerva Foods operates across several countries including Brazil, Argentina, Uruguay, and Colombia, employing over 35,000 people and running 46 industrial facilities. This extensive network allows the company to leverage its scale, creating efficiencies and opportunities for value enhancement across its operations.

Moreover, during the first half of 2026, the company took proactive steps in managing its debt, repurchasing approximately US$ 66.9 million of its bonds due in 2031 and redeeming US$ 166.0 million of the 2028 bonds. These actions are part of Minerva's broader strategy to optimize financial liabilities and enhance its capital structure.

The issuance of US$ 600 million in 2036 Bonds, which was 2.5 times oversubscribed, indicates the market's strong confidence in Minerva Foods. By extending its debt maturity profile, the company is positioning itself favorably for future growth.

In summary, Minerva Foods has not only demonstrated its leadership in the South American beef export market but also its capability to adapt and thrive in a dynamically changing global environment. As demand for protein rises and markets evolve, the company is strategically positioned to leverage its strengths, drive value creation, and ensure a robust return on invested capital for its stakeholders.