MINERVA FOODS FILES FREE CASH FLOW OF R$ 990 MILLION IN THE FOURTH QUARTER OF 2024

Financial Performance - In 2024, the total free cash flow reached R$2.4 billion, resulting in an annualized free cash flow yield of approximately 85$ 943.7 million, marking a record for a single quarter, with an EBITDA margin of 8.8%, up by 56% compared to 4Q23 and 16% compared to 3Q24 [3] - Consolidated gross revenue for the fourth quarter of 2024 was R$11.4 billion, a 76$ 10.7 billion, also a record level, reflecting a 74% increase year-over-year and a 26% increase quarter-over-quarter [6] Operational Expansion - The company completed the acquisition of ten industrial and commercial facilities in Brazil, Argentina, and Chile, increasing its operational footprint to 46 industrial units with a daily processing capacity of 41,789 cattle and 25,716 sheep [7] - Since 2018, the company has accumulated around R$ 9 billion in free cash flow generation, indicating strong operational efficiency and cash generation capabilities [2] Market Position - In 2024, exports accounted for 53% of the total gross revenue, reinforcing the company's leadership in beef exports in South America with a market share of approximately 20% [4] - The United States and China represented 33% and 20% of Minerva Foods's exports from South America in the fourth quarter, highlighting the benefits of geographic diversification [5]