Minerva SA
BOVESPA:BEEF3

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Minerva SA
BOVESPA:BEEF3
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Price: 6.03 BRL -1.79% Market Closed
Market Cap: 5.9B BRL

Minerva SA
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

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.

Key Financials
Gross Revenue
BRL 16.3 billion
Net Revenue
BRL 15.5 billion
EBITDA
BRL 1.4 billion
EBITDA Margin
8.9%
Net Income
BRL 120 million
Operating Cash Flow
BRL 3.4 billion
Free Cash Flow
BRL 2.5 billion
Net Debt
BRL 11.8 billion
Net Leverage (Net Debt / EBITDA)
2.5x
Cash Position
BRL 14.9 billion
Debenture Issuance
BRL 2 billion
Bond Buyback/Cancellation (2025 YTD)
BRL 2.3 billion
Subscription Warrants Exercised (Q3)
BRL 30 million
Outstanding Subscription Warrants
BRL 969.3 million
Other Earnings Calls

Management

Mr. Norberto Lanzara Giangrande Jr.
Executive Chairman of the Board
No Bio Available
Mr. Fernando Galletti de Queiroz
Chief Executive Officer
No Bio Available
Mr. Luis Ricardo Alves Luz
Chief Operating Officer
No Bio Available
Ms. Tamara Leite Ferreira Lopes
Executive Sustainability Manager
No Bio Available
Taciano Custodio
Sustainability Management
No Bio Available

Contacts

Address
SAO PAULO
Barretos
Av. Antonio Manco Bernardes,s/n, Chacara Minerva
Contacts