Minerva S.A. ( (MRVSY) ) has released its Q4 earnings. Here is a breakdown of the information Minerva S.A. presented to its investors.
Minerva S.A., a leading South American exporter of fresh beef and cattle byproducts, has reported its financial results for the fourth quarter and full year of 2024. The company, which also operates in the processed foods segment, has expanded its operations significantly with the acquisition of new industrial units in Brazil, Argentina, and Chile.
In 2024, Minerva S.A. achieved record financial performance, with gross revenue reaching R$36.3 billion, a 27% increase from the previous year. The company’s EBITDA for the year was R$3.1 billion, with an EBITDA margin of 9.2%. The fourth quarter alone saw a record net revenue of R$10.7 billion and an EBITDA of R$943.7 million. These results were bolstered by strong export performance, which accounted for 58% of the total revenue, highlighting Minerva’s robust position in the global beef market.
Key financial metrics for Minerva S.A. in 2024 included a free cash flow of R$2.4 billion and a net leverage ratio of 3.7x. The company also made significant strides in its ESG initiatives, achieving 100% monitoring of direct supplier farms for illegal deforestation and expanding its renewable energy projects. Additionally, Minerva’s strategic acquisition of Marfrig South America’s assets has increased its cattle slaughtering capacity by almost 40%.
Looking ahead, Minerva S.A. remains optimistic about its growth prospects in 2025 and beyond. The company plans to continue integrating its newly acquired assets to enhance operational efficiency and capitalize on synergies. With a strong focus on sustainability and innovation, Minerva aims to maintain its leadership in the South American beef export market while meeting the growing global demand for high-quality beef.