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Minerva Sa (MRVSY), a leader in South American beef exports and global processed meats, provides investors with essential updates through this centralized news hub. Track operational developments, strategic acquisitions, and market positioning in the competitive animal protein sector.
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Minerva Foods (MRVSY) reported strong financial results for Q4 2024, with free cash flow of R$ 990 million and a record quarterly EBITDA of R$ 943.7 million. The company achieved an EBITDA margin of 8.8%, marking a 56% increase from Q4 2023.
Consolidated gross revenue reached R$ 11.4 billion in Q4 2024, up 76% year-over-year, with exports representing 53%. For the full year 2024, gross revenue totaled R$ 36.3 billion, a 27% increase from 2023. The United States (33%) and China (20%) were key export markets.
The company expanded its operations by acquiring ten facilities across South America, now operating 46 industrial units with a daily processing capacity of 41,789 cattle and 25,716 sheep. Net leverage stood at 3.7x following this acquisition. Additionally, Minerva completed a buyback of US$ 69 million in 2031 Bonds.
Minerva Foods reported strong financial results for Q3 2024, with net profit of R$ 94.1 million. The company achieved record quarterly net revenue of R$ 8.5 billion, up 11% quarter-over-quarter and 20% year-over-year. EBITDA reached R$ 813 million with a 9.6% margin. Exports represented 60% of gross revenue, maintaining the company's leadership in South American beef exports with 20% market share. Free cash flow was R$ 667.3 million in Q3. The company completed acquisition of Marfrig South America's assets, expanding to 46 industrial units with increased daily slaughter capacity.
Minerva Foods has completed the acquisition of Marfrig assets in Brazil, Chile, and Argentina, following approval from Brazil's antitrust authority. The transaction includes 13 slaughter and deboning plants for cattle and sheep in Brazil, one cattle plant in Argentina, and a lamb plant in Chile, plus a distribution center. This expansion increases Minerva's daily slaughter capacity to 22,336 head in Brazil and 5,978 head in Argentina. The deal, valued at approximately R$7.5 billion, positions Minerva as the second-largest beef producer in South America and the leading beef supplier to China. Three additional plants in Uruguay are pending regulatory approval.
Minerva Foods (B3: BEEF3 | OTC – Nasdaq International: MRVSY) reported strong financial results for Q2 2024. Consolidated gross revenue reached R$ 8.2 billion, with exports accounting for 61%. The company's EBITDA was R$ 744.6 million, showing an 18.4% increase from the previous quarter, with a 9.7% EBITDA margin. Net revenue rose to R$ 7.7 billion, up 6.7% quarter-on-quarter and 5.4% year-on-year. Minerva Foods also reported a net profit of R$ 95.4 million for the period.
The company's free cash flow for Q2 2024 was R$ 404.1 million, with a notable free cash flow yield of 40% over the last twelve months. Minerva Foods maintained its leadership in South American beef exports with a market share of approximately 20%. The company's net leverage ratio stood at 2.98x at the end of June, adjusted for recent acquisitions and prepayments.
Minerva Foods, the leading South American beef exporter, reported a consolidated gross revenue of BRL 7.7 billion in the first quarter of 2024. The company's EBITDA reached BRL 628.9 million, with a free cash flow of BRL 367 million for the period. Minerva Foods also highlighted its sustainability achievements, including monitoring 100% of its direct supplier farms in Argentina and ranking among the top ten best-rated companies in Brazil for its environmental initiatives.
Minerva Foods reported strong annual results for 2022, with consolidated gross revenue of R$ 32.9 billion, a 15% increase from the previous year. Exports contributed to approximately 70% of total revenue, solidifying its position as a leading beef exporter in South America with a 20% market share. The company achieved an EBITDA of R$ 2.8 billion and a net income of R$ 655 million, both reflecting year-on-year growth. Additionally, adjusted EBITDA reached R$ 3.1 billion. For shareholders, Minerva proposes dividends totaling R$ 336.7 million, maintaining a payout exceeding 50%. Net leverage was reported at 2.15x, the lowest since 2007.
