Minerva swings to 717.3 million reais quarterly loss in third quarter 2026

what happened

Minerva S.A., according to TradingView, reported a net loss of R$717.3 million for the third quarter of 2026, compared with net income of R$120.0 million in the same period of 2025. Net revenue reached R$14.5 billion, up 3.0% from the second quarter of 2026. Over the last 12 months, revenue rose roughly 9.5% to R$56.2 billion.

Quarterly EBITDA came in at R$1.2 billion, down 13.6% year on year, although gross margin improved. The company attributes the loss to a negative financial result of R$1.6 billion. Trailing 12-month EBITDA reached R$4.7 billion, up 2.7%. Net leverage stood at 3.2x at the end of September 2026.

why it matters

For markets, the key signal is the swing to a quarterly loss and the drop in quarterly EBITDA, set against lower cattle availability and reduced shipments to China. Trailing growth in revenue and EBITDA softens the picture, but sentiment would need stronger profitability in coming quarters and more clarity on financial costs.

market impact

Minerva shares (BEEF3): quarterly loss and weaker EBITDA weigh on the stock

• ▼BEEF3 (Minerva shares) pressure down — the quarterly loss and EBITDA decline weaken the profitability outlook

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