macro

Minerva Foods Lifts 12-Month Revenue to R$56.2 Billion as Losses Narrow

Minerva Foods posted a 3Q26 net loss of R$717.3 million, while 12-month revenue reached R$56.2 billion and the annual loss narrowed, according to TradingView.

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what happened

Brazilian beef exporter Minerva Foods has reported its third-quarter 2026 results, as published by TradingView. Net revenue in 3Q26 came to R$14.5 billion, up 3.0% from the second quarter, even though cattle supply fell, mainly in Brazil, and shipments to China dropped after Brazil used up its quota under China's safeguard measure.

Gross margin rose to 17.1%, helped by higher beef prices in exports and domestic sales, while the cost of cattle ready for slaughter climbed roughly 24% year over year. Quarterly EBITDA fell to R$1.2 billion, an 8.3% margin. The company booked a net loss of R$717.3 million, against net income of R$120.0 million a year earlier, mostly due to a negative financial result of R$1.6 billion. For the last twelve months, the loss narrowed by 56.7% to R$348.2 million.

why it matters

The revenue mix stands out for investors: growth in Paraguay, Argentina and Australia offset a 19.0% drop in Brazilian operations. Net leverage stood at 3.2x at the end of September, with R$13.9 billion in cash, and the company has repurchased about US$619.5 million of international bonds since early 2025.

tags

instruments

BEEF3MRVSYBRL/USDBrazilian beef exports

sources

  1. Minerva Foods Reports Net Revenue of R$56.2 Billion in 12 Months — TradingView, 11 November 2026 at 23:06 UTC

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