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

Minerva Foods Reports Record Financial Performance

Minerva S.A., a prominent player in the South American beef export market, has reported a remarkable net revenue of R$ 57.2 billion for the year ending in June 2026. The latest figures exhibit a significant growth rate of 29.1% compared to the previous year, highlighting the company’s robust operational resilience and ongoing success in global markets.

Revenue Breakdown and Performance

In the second quarter of 2026 (Q2 2026), Minerva Foods achieved a net revenue of R$ 14.1 billion, reflecting a year-over-year increase of 1.3% and an impressive 5.2% rise compared to the first quarter. This revenue growth can be attributed to several factors, including a well-diversified product portfolio and strategic market positioning in key consumer areas.

The company’s consolidated gross revenue for Q2 2026 reached R$ 15.1 billion, with exports representing a noteworthy 57% of this total. For the broader 12 months leading up to June 2026, the cumulative gross revenue amounted to R$ 609 billion, underscoring Minerva’s status as a leading global beef exporter.

EBITDA and Net Income Surge

Minerva Foods reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of R$ 1.2 billion for Q2 2026, achieving an EBITDA margin of 8.7%. This marks a 10% increase from Q1 2026, which can be seen as a strong indicator of the company's ability to capitalize on market opportunities through its varied operations. Additionally, the overall EBITDA for the last 12 months totaled R$ 4.9 billion, boosting the annual margin to 8.6%.

The net income for Q2 2026 soared to R$ 196.9 million, more than doubling from R$ 87.3 million in the previous quarter. In the first half of 2026, net income reached approximately R$ 284.2 million, while the total for the last 12 months showed an impressive figure of R$ 489.2 million.

Financial Strength and Future Outlook

An essential metric for evaluating the financial health of Minerva Foods is its net leverage ratio (Net Debt/LTM Adjusted EBITDA), which stood at 2.9x at the end of June 2026. This improvement from 3.2x in the previous year indicates a strengthened capital structure and a commitment to fiscal discipline in managing liabilities.

With continuous demand for animal proteins and varying dynamics across global trade and production, Minerva Foods is well-positioned to leverage its scale and geographic diversification. The company’s capabilities enable it to combine origins and destinations, enhancing its competitiveness across markets.

Bonds and Financial Strategy

In early 2026, Minerva Foods made significant strides in managing its debt, repurchasing approximately US$ 66.9 million of its 2031 bonds. Combined with the redemption of about US$ 166.0 million of the 2028 bonds, this brings the total bond repurchases to approximately US$ 232.9 million in 2026 alone. Over the last two years, the company has successfully bought back about US$ 617.7 million in international bonds.

Furthermore, the recent issuance of US$ 600 million in 2036 bonds, which attracted 2.5 times the demand, exemplifies the confidence investors have in Minerva Foods. This strategic move not only enhances the company's capital structure but also extends the maturity profile of its debt, better positioning it for future growth.

A Leader in Global Food Security

Minerva Foods' operations span across Brazil, Paraguay, Argentina, Uruguay, Colombia, Chile, and Australia, employing over 35,000 individuals with 46 industrial facilities and numerous distribution centers worldwide. With internationally recognized brands like Cabaña Las Lilas and Estância 92, Minerva Foods plays a crucial role in the global food supply chain.

In conclusion, Minerva Foods remains a cornerstone of South America's agricultural and economic landscape, committed to meeting consumer demand while achieving remarkable financial performance.