MINERVA FOODS ACHIEVES NET PROFIT OF 655 MILLION IN 2022
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.
- Consolidated gross revenue increased by 15% year-on-year to R$ 32.9 billion.
- Exports accounted for approximately 70% of total revenue, reinforcing leadership with a 20% market share.
- Net income rose to R$ 655 million, up about 10% from 2021.
- Adjusted EBITDA totaled R$ 3.1 billion, indicating strong operational performance.
- Proposed dividends of R$ 336.7 million reflect a payout of over 50%.
- Net leverage at 2.15x remains a concern for financial stability.
Adjusted EBITDA was R$ 3,1 billion and net leverage was 2,15x
Consolidated gross revenue for the year was
EBITDA, in turn, was
Another highlight was net income, which totaled
Net leverage, adjusted for the acquisition of ALC (
For the third consecutive year, the company was listed in the 2022/2023 Corporate Sustainability Index (ISE) and the Efficient Carbon Index (ICO2), and for the first year it was listed on the 2022/2023 CDP Brazil Climate Resilience Index (ICDPR70). All three indexes are present in the
DIVIDENDS
In 2022, the company once again maintained its commitment to generating value and underpinned by good operational and financial performance, Minerva Foods´ Management will propose to the Shareholders' Meeting the payment of additional dividends of
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