Minerva SA
BOVESPA:BEEF3
Minerva SA
Minerva SA engages in the production and market of beef products. The company is headquartered in Barretos, Sao Paulo. The company went IPO on 2007-07-20. The firm's activities are divided into two business segments: Meat and Livestock. The Meat division is involved in the production and sale of fresh beef. This segment includes beef, pork and poultry processing, as well as production and sale of cattle byproducts, such as hides or giblets. The Livestock division focuses on live cattle export. The firm operates slaughterhouses in Brazil, Paraguay Uruguay, Colombia and Argentina, meat processing plant in Brazil and two proteins processing plants in Argentina. The Firm owns numerous subsidiaries, such as Minerva Dawn Farms Industria e Comercio de Proteinas SA, CSAP Companhia Sul Americana de Pecuaria SA and Athena Foods SA, among others.
Minerva SA engages in the production and market of beef products. The company is headquartered in Barretos, Sao Paulo. The company went IPO on 2007-07-20. The firm's activities are divided into two business segments: Meat and Livestock. The Meat division is involved in the production and sale of fresh beef. This segment includes beef, pork and poultry processing, as well as production and sale of cattle byproducts, such as hides or giblets. The Livestock division focuses on live cattle export. The firm operates slaughterhouses in Brazil, Paraguay Uruguay, Colombia and Argentina, meat processing plant in Brazil and two proteins processing plants in Argentina. The Firm owns numerous subsidiaries, such as Minerva Dawn Farms Industria e Comercio de Proteinas SA, CSAP Companhia Sul Americana de Pecuaria SA and Athena Foods SA, among others.
Record Results: Minerva Foods reported all-time high Q3 2025 net revenue of BRL 15.5 billion (up 82% YoY) and record EBITDA of BRL 1.4 billion (up 71% YoY), with an 8.9% margin.
Integration Complete: The company completed integration of its newly acquired assets ahead of schedule, driving scale and synergy benefits.
Strong Cash Flow: Free cash flow reached a record BRL 2.5 billion in Q3, with BRL 2.9 billion generated over the last 12 months.
Deleveraging: Net leverage dropped to 2.5x, the lowest since 2022, as net debt fell to BRL 11.8 billion.
Exports Driving Growth: Exports made up 61% of quarterly gross revenue, with Asia (especially China) and NAFTA as key destinations.
Optimistic Outlook: Management highlighted favorable global beef market trends, ongoing supply constraints in key regions, and reinforced confidence in future growth.
Dividend Policy: With leverage back to target, the company may revisit dividend payouts, pending final 2025 results and potential tax changes.
