(SeaPRwire) –    For the full year, EBITDA hit a record R$ 4.8 billion, while free cash flow reached R$ 1.5 billion.

SÃO PAULO, March 18, 2026 — Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a prominent South American exporter of fresh beef and by-products with a presence in the processed foods sector, has released its financial results for the fourth quarter of 2025 (4Q25). All financial and operational data are presented in Brazilian reais (R$) under BRGAAP, in alignment with International Financial Reporting Standards (IFRS).

Gross revenue for 2025 climbed to R$ 58 billion, marking a 59.7% year-over-year increase, with exports contributing 60% of that total. In the fourth quarter of 2025, consolidated gross revenue rose to R$ 15.1 billion, a 31.8% increase over the same period in 2024, with exports again accounting for 60% of revenue.

Consolidated net revenue for the year reached a record R$ 54.8 billion, representing a 60.9% growth compared to 2024 and hitting the upper range of the company’s 2025 guidance. Net revenue for the fourth quarter of 2025 was R$ 14.2 billion, up 32.6% from the prior-year period.

Annual EBITDA reached a record R$ 4.8 billion, reflecting an 8.8% margin. For the fourth quarter of 2025, EBITDA was R$ 1.2 billion, yielding an 8.2% margin and a 24.1% increase compared to 2024.

The company achieved its highest-ever annual profit, with net income totaling R$ 848.3 million for 2025. Net income for the fourth quarter of 2025 stood at R$ 85 million.

Free cash flow for 2025 totaled R$ 1.5 billion, bringing the cumulative free cash flow generated since 2020 to R$ 8.9 billion.

Driven by strong cash performance throughout the year, the company’s net leverage, calculated as the ratio of Net Debt to LTM EBITDA, concluded December at 2.6x.

Dividends
Management has proposed an additional dividend distribution of R$ 30.8 million, subject to approval at the Annual General Meeting in April. When added to the R$ 162.1 million distributed early at the end of 2025, the total dividend payout for the 2025 fiscal year reaches R$ 192.9 million (the mandatory minimum), underscoring Minerva Foods’ dedication to shareholder value and financial prudence.

The outlook for the global beef market in 2026 remains favorable, supported by a significant supply contraction from major producers in the U.S. and Europe, alongside resilient demand despite higher price points. This market dynamic is expected to bolster protein prices internationally, favoring companies with global operations and diversified market reach.

About Minerva Foods

Minerva Foods is a global food enterprise featuring internationally acclaimed brands such as Cabaña Las Lilas, Estância 92, and Pul. As a leader in South American beef exports, the company maintains operations in over 100 countries.

The company is a subsidiary of Minerva S.A., which also encompasses the business units Minerva Energy, Minerva Biodiesel, Minerva Ingredients, Minerva Casings, Minerva Leather, and MyCarbon.

With a strategic footprint spanning Brazil, Paraguay, Argentina, Uruguay, Colombia, Chile, and Australia, the group employs over 30,000 people across 46 industrial plants, 18 international offices, and 23 distribution centers. By supplying beef, lamb, and processed goods to all five continents, Minerva Foods continues its commitment to providing high-quality, value-added food products to the global market.