MINERVA FOODS REPORTS R$ 13.4 BILLION IN NET REVENUE IN THE FIRST QUARTER OF 2026

Rhea-AI Summary

Minerva Foods (OTC:MRVSY) reported Q1 2026 net revenue of R$ 13.4 billion, up 19.8% year-over-year, and LTM net revenue of R$ 57 billion, a record and up 49.8% YoY. Q1 EBITDA was R$ 1.1 billion (8.3% margin); LTM EBITDA reached a record R$ 5 billion (8.7% margin). Net income for Q1 totaled R$ 87.3 million; LTM net income was R$ 750.6 million. Net leverage was stable at 2.7x. The company approved total dividends of R$ 192.9 million for fiscal 2025 (25% payout).

Positive

• Q1 net revenue R$ 13.4 billion (+19.8% YoY)
• LTM net revenue R$ 57.0 billion (record; +49.8% YoY)
• Q1 EBITDA R$ 1.1 billion (EBITDA margin 8.3%; +16.2% YoY)
• LTM EBITDA R$ 5.0 billion (record; margin 8.7%)
• Dividend payout Total R$ 192.9 million for fiscal 2025 (25% payout)

Negative

• Q1 net income of R$ 87.3 million compared with R$ 13.4 billion in revenue (limited quarterly absolute profit)
• Exports represent 55% of Q1 revenue, concentrating exposure to external markets

News Market Reaction – MRVSY

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In the May 8 session, MRVSY declined 8.79%, reflecting a notable negative market reaction.

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For the 12 months ending in March 2026, the indicator totaled a record R$ 57 billion. EBITDA also reached a record annual level of R$ 5 billion.

SÃO PAULO, May 6, 2026 /PRNewswire/ -- MINERVA S.A. (BM&FBOVESPA: BEEF3 | OTC - Nasdaq International: MRVSY), a leading South American exporter of fresh beef and beef by-products, with operations in the processed foods segment as well, has announced its results for the first quarter of 2026. The financial and operational information presented below is reported in Brazilian reais (R$), in accordance with BRGAAP and IFRS (International Financial Reporting Standards).

In the first quarter of 2026, net revenue totaled R$ 13.4 billion, up by 19.8% over the same period of the previous year. In the last 12 months ending in March 2026 (LTM1Q26), consolidated net revenue totaled R$ 57 billion, a record level on an annual basis and an increase of 49.8% when compared to the same period of the previous year.

Consolidated gross revenue for the first quarter of 2026 totaled R$ 14.5 billion, an increase of 21.3% compared to the same period of 2025, with exports accounting for 55% of total revenue. In LTM1Q26, the gross revenue reached R$ 60.6 billion, up 49.2% year over year, with exports representing 59% of total revenue in the period.

EBITDA for the period totaled R$ 1.1 billion, with an EBITDA margin of 8.3%, representing growth of 16.2% compared to the first quarter of 2025. For the LTM1Q26, EBITDA reached a record R$ 5 billion, with a margin of 8.7%.

Net income for the first quarter of 2026 totaled R$ 87.3 million, while accumulated net income over the last 12 months ending in March 2026 reached R$ 750.6 million. Net leverage at the end of March 2026, measured by the Net Debt/LTM EBITDA ratio, remained stable at 2.7x.

Amid a volatile scenario in the Northern Hemisphere, South America continues to strengthen its position as a key pillar of global food security, while Minerva Foods reaffirms its leadership through disciplined and sustainable execution. By combining export leadership with innovation in traceability, the Company closes this cycle strengthened and optimistic, ready to seize new opportunities in the global protein market.

Dividends

At the Ordinary General Meeting held on April 28, 2026, the Company approved the distribution of R$ 30.8 million in supplementary dividends. Combined with the R$ 162.1 million distributed as frontloading at the end of 2025, total dividends related to fiscal year 2025 amount to R$ 192.9 million, representing a payout ratio of 25%. The result reinforces the Company's commitment to creating shareholder value while maintaining financial discipline.

About Minerva Foods

Minerva Foods is a global food company that owns the brands Cabaña Las Lilas, Estância 92, and Pul, internationally recognized for their excellence in quality and flavor. It is a leader in beef exports in South America and operates in more than 100 countries.

The company is part of Minerva S.A., which also includes the businesses Minerva Energy, Minerva Biodiesel, Minerva Ingredients, Minerva Casings, Minerva Leather, and MyCarbon.

With a strategic presence in Brazil, Paraguay, Argentina, Uruguay, Colombia, Chile, and Australia, the group has more than 30,000 employees and operates 46 industrial units, 18 international offices, and 23 distribution centers. Serving all five continents with beef, lamb, and processed products, Minerva Foods reaffirms its commitment to delivering high-quality, value-added food products to the global market.

View original content:https://www.prnewswire.com/news-releases/minerva-foods-reports-r-13-4-billion-in-net-revenue-in-the-first-quarter-of-2026--302764803.html

SOURCE Minerva Foods

FAQ

What were Minerva Foods (MRVSY) revenue results for Q1 2026?

Minerva reported Q1 2026 net revenue of R$ 13.4 billion. According to the company, this figure represents a 19.8% increase compared with Q1 2025 and reflects higher consolidated gross revenue and export sales.

How large was Minerva Foods (MRVSY) EBITDA in Q1 2026 and the last 12 months?

Q1 2026 EBITDA was R$ 1.1 billion with an 8.3% margin. According to the company, LTM EBITDA reached a record R$ 5.0 billion with an 8.7% margin, both reported under BRGAAP/IFRS.

What dividend did Minerva Foods (MRVSY) approve for fiscal year 2025?

The company approved total dividends of R$ 192.9 million for fiscal 2025, representing a 25% payout. According to the company, this includes R$ 30.8 million in supplementary dividends plus prior frontloading.

What was Minerva Foods (MRVSY) net leverage at March 2026 and why does it matter?

Net leverage was reported at 2.7x Net Debt/LTM EBITDA as of March 2026. According to the company, this indicates a stable leverage position measured against the last 12 months' EBITDA.

How much of Minerva Foods (MRVSY) revenue came from exports in Q1 2026?

Exports accounted for 55% of Q1 2026 total revenue. According to the company, exports remain a majority revenue channel, rising to 59% of gross revenue over the last 12 months to March 2026.