MINERVA FOODS REPORTS RECORD NET REVENUE OF R$ 57,2 BILLION FOR THE PAST 12 MONTHS

Rhea-AI Summary

Minerva Foods (OTC: MRVSY) reported 2Q26 net revenue of R$ 14.1 billion, up 1.3% year over year and 5.2% versus 1Q26. LTM 2Q26 consolidated net revenue reached a record R$ 57.2 billion, a 29.1% increase versus LTM 2Q25.

2Q26 EBITDA was R$ 1.2 billion, with an 8.7% margin; LTM EBITDA totaled R$ 4.9 billion, up 22.1%, with an 8.6% margin. Net income was R$ 196.9 million in 2Q26 and R$ 489.2 million over the last 12 months. Net leverage fell to 2.9x, from 3.2x in 2Q25.

Minerva Foods repurchased US$ 232.9 million (R$ 1.2 billion) of bonds in 1H26 and US$ 617.7 million (R$ 3.4 billion) since early 2025, and issued US$ 600 million of 2036 bonds, reportedly 2.5 times oversubscribed, extending its debt maturity profile.

Positive

• LTM net revenue R$ 57.2 billion, +29.1% vs. LTM 2Q25
• 2Q26 EBITDA R$ 1.2 billion, 8.7% margin; LTM EBITDA R$ 4.9 billion
• 2Q26 net income R$ 196.9 million, more than double 1Q26 (R$ 87.3 million)
• Net leverage reduced to 2.9x LTM Adjusted EBITDA from 3.2x in 2Q25
• Bond repurchases US$ 232.9 million in 1H26; US$ 617.7 million since early 2025
• New 2036 bond issuance of US$ 600 million, 2.5x oversubscribed, extending maturities

Negative

• None.

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EBITDA totaled R$ 1.2 billion in 2Q26, with an EBITDA margin of 8.7%. Over the last 12 months, EBITDA totaled R$ 4.9 billion, up 22.1%, with an EBITDA margin of 8.6%

SÃO PAULO, Aug. 12, 2026 /PRNewswire/ -- Minerva S.A. (BM&FBOVESPA: BEEF3 | OTC - Nasdaq International: MRVSY), a South American leader in the export of fresh beef and beef products, with additional operations in the processed foods segment, reports its earnings for the second quarter of 2026. The financial and operational information presented herein is stated in Brazilian Reais (R$) and prepared in accordance with BRGAAP and International Financial Reporting Standards (IFRS).

In 2Q26, Minerva Foods' net revenue totaled R$ 14.1 billion, up 1.3% year over year and 5.2% compared with 1Q26. Over the last 12 months ended June 2026 (LTM 2Q26), consolidated net revenue totaled R$ 57.2 billion, an increase of 29.1% compared with LTM 2Q25.

Consolidated gross revenue totaled R$ 15.1 billion in 2Q26, with exports accounting for 57% of the total. Over the last 12 months ended June 2026 (LTM 2Q26), total gross revenue reached R$ 609 billion.

EBITDA totaled R$ 1.2 billion in 2Q26, with an EBITDA margin of 8.7%. Compared with 1Q26, EBITDA increased by 10%, reflecting Minerva Foods' operational resilience and its ability to capitalize on commercial opportunities through its diversified platform.

Net income totaled R$ 196.9 million in 2Q26, more than doubling from R$ 87.3 million in 1Q26. In 1H26, net income totaled approximately R$ 284.2 million, while over the last 12 months it reached R$ 489.2 million.

At the end of June 2026, net leverage, measured as Net Debt/LTM Adjusted EBITDA, stood at 2.9x, down from 3.2x in 2Q25. The year-over-year variation of 0.3x reflects the continued strengthening of the Company's capital structure and its commitment to financial discipline.

Against a global backdrop of consistent demand for animal protein and differing trade and production dynamics across markets, Minerva Foods' scale and geographic diversification continue to provide the flexibility to combine origins, destinations, and opportunities for greater competitiveness.

South America continues to strengthen its role in global food security, supported by its production competitiveness and export capacity. In this context, Minerva Foods remains well positioned to meet demand across key consumer markets and to translate its operational scale into greater efficiency, value creation, and returns on capital.

Bond Issuance

In 1H26, the Company repurchased approximately US$ 66.9 million of its 2031 Bond. Combined with the redemption of the 2028 Bond, totaling US$ 166.0 million, these transactions brought year-to-date repurchases to US$ 232.9 million, equivalent to R$ 1.2 billion. Since the beginning of 2025, the Company has repurchased approximately US$ 617.7 million, or R$ 3.4 billion, of bonds issued in the international market. In addition, the Company repurchased approximately R$ 66.2 million of debt securities in the local market.

The Company remains focused on opportunities to manage its financial liabilities, seeking a less costly and more efficient capital structure. The recent issuance of US$ 600 million in 2036 Bonds—which was 2.5 times oversubscribed —along with other initiatives in the local capital markets, reinforces this strategy and contributes to extending the Company's debt maturity profile.

About Minerva Foods

Minerva Foods is a global food company and the leading exporter of beef in South America. The company owns internationally recognized brands such as Cabaña Las Lilas, Estância 92 and PUL and serves customers in more than 100 countries.

Minerva Foods is part of Minerva S.A., which also includes Minerva Energy, Minerva Biodiesel, Minerva Ingredients, Minerva Casings, Minerva Leather and MyCarbon.

With operations in Brazil, Paraguay, Argentina, Uruguay, Colombia, Chile and Australia, the group employs more than 35,000 people and operates 46 industrial facilities, 18 international offices and 23 distribution centers, supplying beef, lamb and processed products to customers across five continents.

 

View original content:https://www.prnewswire.com/news-releases/minerva-foods-reports-record-net-revenue-of-r-57-2-billion-for-the-past-12-months-302850203.html

SOURCE Minerva Foods

FAQ

How much net revenue did Minerva Foods (MRVSY) report for 2Q26 and the last 12 months?

Minerva Foods reported net revenue of R$ 14.1 billion in 2Q26 and R$ 57.2 billion over the last 12 months. According to Minerva Foods, this represents 1.3% year-over-year quarterly growth and 29.1% growth in LTM net revenue versus LTM 2Q25.

What were Minerva Foods (MRVSY) EBITDA and margins in 2Q26 and LTM 2Q26?

Minerva Foods generated EBITDA of R$ 1.2 billion in 2Q26, with an 8.7% margin. According to Minerva Foods, LTM 2Q26 EBITDA totaled R$ 4.9 billion, up 22.1%, with an 8.6% EBITDA margin over the same 12‑month period.

What net income did Minerva Foods (MRVSY) post in 2Q26 and over the last 12 months?

Minerva Foods reported net income of R$ 196.9 million in 2Q26 and R$ 489.2 million over the last 12 months. According to Minerva Foods, 2Q26 net income more than doubled from R$ 87.3 million reported in 1Q26.

How has Minerva Foods (MRVSY) net leverage changed by June 2026?

Minerva Foods’ net leverage was 2.9x Net Debt/LTM Adjusted EBITDA at the end of June 2026. According to Minerva Foods, this compares with 3.2x in 2Q25, reflecting a 0.3x reduction and a stronger capital structure.

What bond repurchases and new bond issuance did Minerva Foods (MRVSY) complete by 1H26?

Minerva Foods repurchased US$ 232.9 million of bonds in 1H26 and US$ 617.7 million since early 2025. According to Minerva Foods, it also issued US$ 600 million of 2036 bonds, reportedly 2.5 times oversubscribed, extending its debt maturity profile.

What portion of Minerva Foods (MRVSY) 2Q26 gross revenue came from exports?

Exports accounted for 57% of Minerva Foods’ consolidated gross revenue in 2Q26. According to Minerva Foods, total consolidated gross revenue in the quarter reached R$ 15.1 billion, underscoring the company’s focus on international markets for fresh beef and beef products.