BRF SA ( (BRFS) ) has released its Q4 earnings. Here is a breakdown of the information BRF SA presented to its investors.
BRF S.A., a leading global food company in the protein sector, has reported a historic financial performance for the year 2024, marking a significant milestone in its strategic recovery journey. The company achieved record profits and EBITDA, with net revenue reaching R$ 61.4 billion, a 14% increase from the previous year. This growth was driven by operational efficiency, market diversification, and strategic investments in both domestic and international markets. Key highlights include a record EBITDA of R$ 10.5 billion and a net income of R$ 3.7 billion, the highest in the company’s history, alongside a substantial reduction in net debt and the resumption of shareholder remuneration.
BRF’s Brazil segment saw a remarkable performance with a 7.4% increase in annual revenue, driven by a robust processed foods portfolio and strategic brand campaigns. The company maintained its leadership in the domestic market with Sadia and Perdigão brands, achieving significant market share gains. Internationally, BRF reported record profitability with a 20.2% EBITDA margin, supported by market diversification and the recovery of protein prices. The company expanded its footprint with new export authorizations and strategic acquisitions, including a stake in Addoha Poultry Company in Saudi Arabia and a new production facility in China.
The company’s commitment to sustainability was evident as it became the first Brazilian food company to have its climate targets approved by the Science Based Targets Initiative. BRF also made strides in its ESG agenda, achieving 100% monitoring of grain suppliers and supporting community initiatives. The company’s operational efficiency was further enhanced by the BRF+ program, contributing R$ 1.5 billion in savings.
Looking ahead, BRF is poised for sustainable growth in 2025, focusing on expanding its processed products capacity and maximizing revenue through market diversification. The company aims to continue its trajectory of efficiency, agility, and value generation, leveraging its strong brand portfolio to cater to diverse consumer profiles globally.