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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 reported strong results for 3Q22, revealing a record EBITDA of R$ 806.2 million, a 24.4% increase from the previous year, with a margin of 9.6%. The company's net revenue grew to R$ 8.4 billion, up 14.5% year-on-year. Free Cash Flow was positive at R$ 601 million, contributing to an accumulation of over R$ 4.5 billion since 2019. The Net Debt/EBITDA ratio improved to 2.18x, the lowest since 2008, reflecting a solid capital structure. The company also paid dividends of R$ 128.1 million in August.
Minerva Foods (MRVSY) reported a record EBITDA of R$ 778 million for 2Q22, a 43% year-on-year increase. Gross revenue reached R$ 9 billion, up 34% from 2Q21, with exports contributing to 71% of total revenue. The company achieved a net income of R$ 424.7 million and reduced net leverage to 2.3x. For the last twelve months, their EBITDA stood at R$ 2.8 billion, indicating a growth of 28%. A dividend payment of R$ 128 million was approved, equating to R$ 0.22 per share, showcasing the company's commitment to shareholder value.
Minerva Foods reported a strong performance in 1Q22, with consolidated gross revenue of R$7.6 billion, a 25% increase from 1Q21, and EBITDA of R$646 million, a record for the first quarter. Exports made up 70% of gross revenue, solidifying its status as South America's top beef exporter with a 20% market share. Net income reached R$114.6 million, while the company maintained a healthy capital structure with a 2.5x net debt/EBITDA ratio. A dividend of R$200 million was announced for shareholders.
Minerva Foods (OTC: MRVSY) announced its record financial performance for 2021, with consolidated gross revenue reaching R$ 28.6 billion, a 39% increase year-on-year. Net revenue hit R$ 26.9 billion, while EBITDA grew to R$ 2.4 billion. The company reported a free cash flow of R$ 1 billion and proposed R$ 200 million in supplementary dividends, resulting in a payout of 67% of annual net income. Minerva remains the leading beef exporter in South America, with a market share of approximately 23%.
Amyris, Inc. (Nasdaq: AMRS) has finalized a joint venture with Minerva Foods to improve the sustainability of animal protein production. The collaboration targets the Brazilian meat export industry, focusing on developing new molecules for reducing carbon intensity and creating sustainable packaging solutions. Regulatory approvals are in place, with expected first license revenue for Amyris by year-end 2021 and initial commercial production slated for 2022. The partnership aims to disrupt the animal protein market while enhancing Amyris' market reach and technology application.
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.
