Minerva Foods' free cash flow reaches R$2.5 billion in the third quarter of 2025.

Core Insights - Minerva Foods reported record financial results for the third quarter of 2025, with free cash flow reaching R$ 2.5 billion, the highest level recorded in a single quarter [2][11] - The company achieved net revenue of R$ 15.5 billion, marking an 82.5% increase year over year and an 11.5% increase compared to the previous quarter [3][5] - Net leverage decreased to 2.5x, the lowest level since 2022, indicating improved financial stability [2][5] Financial Performance - Free cash flow for the third quarter of 2025 was R$ 2.5 billion, contributing to a total of R$ 10.9 billion since 2018 [2] - Consolidated net revenue for the quarter was R$ 15.5 billion, with a total of R$ 51.3 billion over the last 12 months, reflecting a 73.9% increase year over year [3] - EBITDA for the third quarter was R$ 1.4 billion, with an EBITDA margin of 8.9%, up 70.8% year over year [4] Operational Highlights - Consolidated gross revenue reached R$ 16.3 billion, an increase of 80.1% compared to the same period in 2024, with exports accounting for 61% of the total [5] - Sales volume grew by 10% and revenue increased by 11% compared to the previous quarter, leading to a lower SG&A-to-revenue ratio of 9.3% [6] - The integration of new assets progressed consistently, contributing to solid operational and financial results [6] Capital Structure - The company exercised 5,847,096 subscription bonuses from a capital increase, totaling R$ 30.2 million, with R$ 969.3 million in remaining subscription bonuses expected to strengthen capital structure [7] - Minerva Foods announced the repurchase and cancellation of USD 75.7 million related to the 2031 Bond, totaling approximately R$ 402.6 million [8]