MINERVA FOODS'S FILES NET PROFIT OF R$ 94.1 MILLION IN THE THIRD QUARTER OF 2024

In the period, net revenue totaled R$ 8.5 billion and EBITDA was R$ 813 million

BARRETOS, Brazil, Nov. 6, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A., B3: BEEF3 | OTC, Nasdaq International: MRVSY), a multinational food company and one of the global leaders in beef production, committed to creating connections between people, food and nature, presents its financial results for the third quarter of 2024 (3Q24) to the market. The following financial and operational information is presented in BRGAAP, in Reais (R$), per International Financial Reporting Standards (IFRS).

Consolidated gross revenue in 3Q24 was R$ 9 billion, up by 11% on 2Q24, and up by 20% year on year, with exports representing 60% of the total. In the twelve months to September 2024, gross revenue totaled R$ 31.4 billion, up by 7% on the period from October 2022 to September 2023, with exports accounting for 62%, reinforcing our leadership in beef exports in South America with a market share of approximately 20%.

Net revenue was R$ 8.5 billion in 3Q24, a quarterly ...