{"id":96604,"date":"2025-11-11T16:17:43","date_gmt":"2025-11-11T19:17:43","guid":{"rendered":"https:\/\/murray.adv.br\/?p=96604"},"modified":"2025-11-11T16:17:43","modified_gmt":"2025-11-11T19:17:43","slug":"mbrf-posts-net-profit-of-r94m-in-first-earnings-report","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/mbrf-posts-net-profit-of-r94m-in-first-earnings-report\/","title":{"rendered":"MBRF posts net profit of R$94m in first earnings report"},"content":{"rendered":"
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Company formed by merger of Marfrig and BRF sees 62% drop in Q3 net income versus 2024<\/em><\/strong><\/h6>\n<\/div>\n<\/div>\n
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11\/11\/2025<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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MBRF, the company created from the\u00a0merger between Marfrig and BRF<\/a>, reported a net profit of R$94 million in the third quarter of 2025, a 62% decline compared with the R$248 million earned in the same period of 2024. This is the first earnings report released since the merger was announced in May.<\/p>\n<\/div>\n

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The company\u2019s net revenue reached R$41.8 billion, up 9.2% year over year, driven by a 3.7% increase in total sales volume to 2.1 million tonnes, a record for the group.<\/p>\n<\/div>\n

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Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) came in at R$3.5 billion, down 8.6% from a year earlier, while the adjusted EBITDA margin fell to 8.4%, from 10% in the third quarter of 2024. Gross profit totaled R$5.1 billion, a 3% decrease, with a gross margin of 12.3%, compared to 13.9% a year earlier.<\/p>\n<\/div>\n

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According to the company,\u00a0the figures were compared to Marfrig\u2019s consolidated results, which have included BRF\u2019s data since 2022, when Marfrig became the controlling shareholder<\/strong>. Previously, Marfrig recorded net income attributable to the controlling interest based on its ownership stake in BRF. Following the merger on September 22, Marfrig began to consolidate 100% of BRF\u2019s net profit.<\/p>\n<\/div>\n

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Since the merger occurred near the end of the third quarter, that effect was only partially reflected in the results. If the combination had been in effect for the entire quarter, MBRF\u2019s net income between July and September would have been close to R$200 million, according to sources familiar with the matter.<\/p>\n<\/div>\n

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The report also showed that financial leverage, measured by the ratio of net debt to adjusted EBITDA, stood at 3.09x, essentially flat compared with 3.07x in the same period of 2024.<\/p>\n<\/div>\n

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The consolidated results reflect the performance of the company\u2019s three main business segments. BRF accounted for 39% of total revenue, with a 5.4% increase in net sales but a 14.9% drop in EBITDA. The South American division represented 14% of revenue, with a 31.8% increase in EBITDA, while the North American division accounted for 47% of revenue, up 12.2% year on year.<\/p>\n<\/div>\n

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According to\u00a0Jos\u00e9 Ign\u00e1cio<\/strong>, MBRF\u2019s vice president of finance and investor relations, the lower profit reflects a temporary fluctuation. \u201cThe main driver of the decline in net income was BRF\u2019s operational performance<\/strong>, which, although still at very strong and healthy levels, saw a slight year-over-year contraction,\u201d he said in an interview.<\/p>\n<\/div>\n

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Among the factors weighing on BRF\u2019s performance, Mr. Ign\u00e1cio cited the closure of key export markets for Brazilian poultry, including China,\u00a0following confirmation of an avian influenza case\u00a0<\/a>at a commercial farm in Montenegro, Rio Grande do Sul, in May. With China\u2019s market reopening last Friday, MBRF expects an improvement in BRF\u2019s results in the coming months.<\/p>\n<\/div>\n

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MBRF CEO Miguel Gularte said the quarter was marked by strong commercial performance, with record sales volume and revenue, up 3.7% and 9.2%, respectively. \u201cThe quarterly results reinforce MBRF\u2019s potential,\u201d he added.<\/p>\n<\/div>\n

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In Brazil, growth was driven by processed products, with sales volume up 7%. In South America, sales grew nearly 18% year over year, while in the United States, performance remained solid despite a challenging environment. \u201cWe maintained strong results in North America, with efficient management of the cattle cycle and stable margins, even amid tighter cattle supply,\u201d said Mr. Ign\u00e1cio.<\/p>\n<\/div>\n

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The company also reported that of the R$1 billion in synergies identified at the start of the merger process, 60% should be captured within the first year of operations. Of that total, R$231 million are expected from corporate structure optimization, R$470 million from supply chain efficiencies, R$230 million from commercial and logistics improvements, and R$73 million from other initiatives.<\/p>\n

*By\u00a0Cleyton Vilarino, Globo Rural\u00a0\u2014 S\u00e3o Paulo<\/p>\n

Source: Valor International<\/p>\n

https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Company formed by merger of Marfrig and BRF sees 62% drop in Q3 net income versus 2024       11\/11\/2025 MBRF, the company created from the\u00a0merger between Marfrig and BRF, reported a net profit of R$94 million in the third quarter of 2025, a 62% decline compared with the R$248 million earned in the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[26586,26587],"class_list":["post-96604","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-first-earnings-report","tag-mbrf-posts-net-profit-of-r94m"],"yoast_head":"\nMBRF posts net profit of R$94m in first earnings report - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/mbrf-posts-net-profit-of-r94m-in-first-earnings-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MBRF posts net profit of R$94m in first earnings report - 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