Welcome to our dedicated page for Minerva Sa news (Ticker: MRVSY), a resource for investors and traders seeking the latest updates and insights on Minerva Sa stock.
Minerva S.A. reports news on its role as a South American exporter of fresh beef, beef by-products, lamb, and processed foods through the MRVSY ADR and B3-listed BEEF3 shares. Company updates commonly cover quarterly and annual results under BRGAAP and IFRS, with recurring detail on net revenue, EBITDA, free cash flow, leverage, exports, and dividend actions.
Minerva Foods operates across Brazil, Paraguay, Argentina, Uruguay, Colombia, Chile, and Australia, serving global markets through industrial units, international offices, and distribution centers. News also includes operating-footprint changes, acquisition integration, production capacity, bond repurchases, and demand trends tied to beef, lamb, and processed product exports.
Minerva Foods, a leading beef exporter in South America, partners with Imaflora to launch the Carbon On Track program, aimed at measuring carbon balances of farms across Brazil, Argentina, Colombia, Paraguay, and Uruguay. This initiative involves 25 farms and emphasizes sustainable livestock practices, yielding a 44% reduction in GHG emissions compared to global averages. Preliminary results were disclosed at COP 26, showcasing the program's environmental and economic benefits, with potential for carbon credit certification and improved agricultural practices.
Minerva Foods (MRVSY), a leader in South American beef exports, reported record net revenue of R$7.4 billion for 3Q21, a 43% increase YoY. EBITDA also reached an all-time high of R$648.1 million, up 17% YoY. The company's net income was R$72.4 million for the quarter, with a total of R$449 million for the first nine months of 2021. Free cash generation continued positively, totaling R$53 million in 3Q21. Minerva announced an interim dividend of R$200 million, yielding approximately 12%. The company holds a 20% market share in South America.
Minerva Foods, a leader in South American beef exports, has achieved 100% compliance with social and environmental requirements in an audit by the Public Prosecutor's Office in Pará, Brazil. This milestone reinforces the company's commitment to sustainable cattle ranching and environmental protection. Minerva Foods employs advanced geographic information systems to monitor over 14 million hectares of supplier farms, ensuring adherence to strict legal standards. Additionally, the company aims for zero net emissions by 2035, focusing on eliminating illegal deforestation across South America.
Minerva Foods, a leader in South American beef exports, reported strong financial results for 2Q21. The company achieved a net income of R$116.7 million, with a net revenue of R$6.3 billion, reflecting a 43% increase year-on-year. Free cash flow remained positive for the 14th consecutive quarter, totaling approximately R$1.4 billion over the past year. EBITDA also showed growth, reaching R$544.9 million, while exports constituted 70% of gross revenue, maintaining a 20% market share in South America.
Amyris, Inc. (Nasdaq: AMRS) announced a partnership with Minerva Foods to develop sustainable molecules for animal protein production. Funded by Minerva, Amyris aims to create solutions for meat preservation that enhance shelf-life and reduce CO2 emissions. The first commercialization is anticipated within 18 months. This partnership is expected to generate several million dollars in revenue for Amyris this year, furthering its growth into the fermentation-based protein market. Definitive agreements are to be finalized by Q2 2021.