Marfrig posts net profit of R$88 million in Q1, up 40.3%
Marfrig Global Foods ended the first quarter of 2025 with a net profit of R$88 million, up 40.3% compared to R$63 million in the same period of 2024, the company reported this Thursday (15).
EBITDA rose 20.8% compared to the first quarter of 2024, from R$2.646 billion to R$3.196 billion. The EBITDA margin was 8.3%, down from 8.7% a year earlier.
Net revenue increased 27%, from R$30.371 billion in the first quarter of 2024 to R$38.562 billion from January to March this year.
According to the company, consolidated net debt closed the first quarter of 2025 at R$38.125 billion, a drop of 5.3% compared to the same period in 2024.
Leverage, measured by the ratio between net debt and adjusted EBITDA, went from 3.43 times at the end of March 2024 to 2.69 times at the end of the first quarter of this year.
Operating cash flow reached R$3.079 billion from January to March. Consolidated investments in the first quarter were R$1.439 billion.
The North American operation, led by National Beef, recorded net revenue of US$ 3.266 billion, an increase of 15.4% compared to the same period in 2024.
Managerial EBITDA was US$6 million, down 89.7%. The EBITDA margin for the operation was 0.2%, compared to 2.1% a year earlier.
The total volume sold by the unit was 502 thousand tons, an increase of 5.2%. Of the total, 432 thousand tons were destined for the domestic market and another 69 thousand tons for the foreign market.
In the South American operation, net revenue increased 35.2%, to R$4.082 billion in the first quarter of 2025.
EBITDA reached R$453 million, up 56.2%, while the EBITDA margin was 11.1% compared to 9.6% a year earlier.
Sales volume was 206 thousand tons, 24.5% higher year-on-year. 66 thousand tons were exported and 139 thousand tons were destined for the domestic market.
The company classified BRF's result, with net revenue of R$15.425 billion (up 15.7% in one year), EBITDA of R$2.752 billion (+30.1%) and EBITDA margin of 17.8%, as “excellent”.
Marfrig's chairman of the board of directors, Marcos Molina, reported in the document disclosing the results of the first quarter that the company continues to seek “the best allocation of capital and the reduction of financial leverage”.
He also highlighted the “eighth consecutive quarter of reduction” in leverage, currently at 2.69 times in reais. “When measured in dollars, financial leverage was 2.63 times,” he said.
According to Molina, Marfrig “further strengthened” joint initiatives with BRF, “intensifying the joint use” of brands. “Our increasing integration was fundamental to mitigate the non-recurring effects and seasonality of the first quarter,” he reinforced.
The executive also highlighted that the strategic decision to concentrate production in industrial complexes with a greater focus on high value-added products “was fundamental for the South American Operation to present growth of more than 35% in net sales revenue, reaching R$4.1 billion in the first quarter of 2025”.
The results in South America and BRF “were fundamental” to offset the challenging quarter of the operation in North America, “which is experiencing a period of low animal availability and higher raw material costs”.
Molina also highlighted that the conclusion of the acquisition of the confinement and agricultural production units of MFG Agropecuária Ltda. in the first quarter of this year was “another important step” to guarantee the supply of raw materials; mitigating the cost of idleness of industrial complexes and the supply of high-quality animals, added the Chairman of the Board of Directors of Marfrig.
CNN Brasil
