Minerva Foods Q2 2026 earnings report

Minerva S.A., a South American leader in beef exports, reported its second quarter 2026 earnings on August 12, 2026. Net revenue for 2Q26 totaled R$ 14.1 billion, up 1.3% year-over-year and 5.2% sequentially. Over the last twelve months, net revenue reached R$ 57.2 billion, a 29.1% increase. EBITDA for the quarter was R$ 1.2 billion with an 8.7% margin, and LTM EBITDA grew 22.1% to R$ 4.9 billion. Net income more than doubled sequentially to R$ 196.9 million. Net leverage improved to 2.9x from 3.2x a year earlier. The company also highlighted its debt management activities, including repurchases of international bonds totaling US$ 232.9 million year-to-date and the issuance of US$ 600 million in 2036 bonds, which was 2.5 times oversubscribed. Minerva operates in Brazil, Paraguay, Argentina, Uruguay, Colombia, Chile, and Australia, and serves customers in over 100 countries.