#Brazil #São Paulo #Financial Performance #Minerva Foods #Beef Exporter

Minerva Foods’ Exceptional Q2 2025 Financial Results

On August 6, 2025, Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), recognized as a leading global food company and the largest beef exporter in South America, unveiled its outstanding financial performance for the second quarter of 2025 (Q2 2025). The company reported a staggering net revenue of R$13.9 billion for this quarter, setting a record high and reflecting a remarkable increase of 81.6% when compared to the same time frame last year (Q2 2024). Additionally, this figure represents a 24.3% rise compared to the previous quarter. For the twelve months leading up to this period, Minerva Foods achieved consolidated net revenue of R$44.3 billion, marking a year-on-year growth of 57.8%.

The second quarter was marked by a positive net result of R$458.3 million, the best quarterly result in the company's history, showcasing its strong operational efficiency and market position. Furthermore, the company reported an EBITDA of R$1,302.5 million for the quarter, another record figure, translating into an EBITDA margin of 9.4%. This was a significant improvement, as it indicated a 74.9% increase compared to Q2 2024 and a 35.3% uplift from the prior quarter. over the last twelve months, Minerva Foods logged an adjusted EBITDA of R$4.5 billion when considering the pro forma performance of new assets acquired within that timeframe.

Consolidated gross revenue, including all operations, stood at R$14.7 billion for the second quarter, evidencing an increase of 80.2% year-on-year and 23.3% quarter-over-quarter. Notably, exports comprised 60% of the total gross revenue, underlining Minerva Foods' strong foothold in international markets. Over the preceding twelve months, gross revenue reached R$47.1 billion, with exports contributing 57% to that figure.

Minerva's strategic approaches led to a decrease in net leverage, measured by the Net Debt/Adjusted EBITDA ratio, which concluded the quarter at 3.16x. The efficient integration of new assets is progressing favorably, exceeding initial expectations with a 50% increase in sales volume compared to the last quarter and a doubling of revenue. These developments have led to a significant reduction in sales, general, and administrative expenses (SGA), which accounted for only 10.1% of total revenue, marking the lowest ratio since Q2 2022.

In line with its growth initiatives, the company successfully completed a private capital increase worth R$2 billion, with the potential to raise an additional R$1 billion over the next three years through the exercise of subscription warrants. In a robust demonstration of investor confidence, the rights to this capital increase were fully subscribed, even against a backdrop of challenging macroeconomic conditions.

Commitment to Sustainability

Minerva Foods continues to demonstrate its commitment to sustainability and corporate responsibility. For five consecutive years, it has been included in the Corporate Sustainability Index (ISE B3) and Carbon Efficiency Index (ICO2 B3), which acknowledges its dedication to responsible practices. Minerva also received the