Minerva posts record quarterly profit for April–June

Minerva reported a solid financial performance in the second quarter of 2025, with a strong recovery in its main operating and financial indicators. Net profit reached R$ 458.3 million (about US$ 84 million), up 380.2% from the same period last year.

Analysts, on average, had expected net profit of R$ 175 million for the period, according to estimates compiled by LSEG and reported by Money Times. The company said this is the highest quarterly level in its history and reflects continued progress in integrating acquired units, capturing synergies.

EBITDA rose 74.9% year-on-year, totaling R$ 1.302 billion, driven by greater industrial and commercial activity.

Net revenue reached R$ 13.9 billion, up 81.6% from Q2 2024. This growth was accompanied by a significant increase in volumes: physical sales reached 507.1 thousand tons (+39.8%), while slaughter totaled 1.491 million head, a 35.6% year-on-year increase.

During a conference call with analysts, Minerva’s CFO announced the company’s intention to resume paying dividends to shareholders by the end of this year. According to Edinson Ticle, the proposal to reduce the company’s share capital by R$ 577 million, presented to the extraordinary general meeting on August 28, aims to clean up the company’s balance sheet so it can resume dividend payments by the end of this year.

“We are absorbing the accumulated loss through the end of 2024 to make room to resume paying dividends based on results from 2025 onward,” Ticle said.