Marfrig earnings rose 13% in the second quarter

Marfrig Global Foods released late last week its results for the second quarter, closed on June 30, showing a 13% year-on-year increase in earnings.

Net margin reached R$ 85 million, while EBITDA (the company’s operating result) was R$ 3 billion.

Marfrig divides its operations into three segments: North America, South America and BRF. In North America, results were tighter due to the shortage of cattle for slaughter that continues to keep the market overheated. Operating volume fell 5.6% year-on-year, and exports dropped 14.4%. Nevertheless, it achieved a 2.6% increase in gross margin and 0.8% EBITDA.

In South America, comparing with the units it currently owns (after the sale of plants to Minerva), sales volume rose 7.8%, with gross margin up 17.5% and EBITDA up 10.9%.

BRF delivered the best results, with a substantial 26.8% increase in gross margin and 16.4% EBITDA.

Marfrig’s total revenue was R$ 37.8 billion, up 8.6%.

Marfrig’s debt decreased year-on-year. The ratio between debt and profit-generating capacity dropped to 2.71, compared to 3.38 times in Q2 2024.