Marfrig’s second-quarter earnings in 2025 increased by 13% compared to the previous year, reaching R$ 85 million. Net revenue rose by 8.6% to R$ 37.7 billion, and adjusted Ebitda grew by 15% to R$ 3 billion. The company also lowered its leverage, with net debt decreasing from 3.38 times to 2.7 times Ebitda.
CFO David Tang mentioned to journalists on Thursday (14) that they were able to achieve growth and profitability even before facing a challenging economic situation in the United States, thanks to increased cash flow and improved operational management.
In South America, Marfrig generated R$ 4 billion in net revenue, showing a 10% increase compared to the previous year, with a 7.8% rise in sales volume. The Ebitda for the region reached R$ 439 million, with a margin of 10.9%. Export sales made up 55% of the total revenue.
“We aim to prioritize products with higher value for the domestic market. Around 75% of industrial goods in Brazil and Argentina are sold within their countries, and we are placing more emphasis on premium labels,” stated Rui Mendonça, the CEO of the company’s South American division.
The 50% tariff imposed by the United States on Brazilian meat on August 6 has only a minor impact, according to Marfrig. Brazil’s meat exports account for just 2.1% of the revenue from the South American operation and 0.18% of the total consolidated revenue.
“We promptly shifted our production focus. Instead of supplying the U.S., we redirected our products to other markets or used them for processed goods like burgers,” Mendonça mentioned. Additionally, he stated that they acquired 24 new international certifications by 2025.
In the United States, the company experienced reduced profits because of expensive livestock, but managed to generate $3.3 billion in revenue, representing a 5.3% increase, and achieved a positive Ebitda of $25 million, with a margin of 0.8%.
The CEO of the US operation, Tim Klein, mentioned that although the conditions are tough, there is a continued high demand for beef. Anticipated improved margins in 2027 are based on data indicating livestock retention and a decrease in cow slaughter.
Marfrig is currently waiting for Cade’s decision on the merger with BRF, expected to be reviewed starting August 20th. The resulting new entity, to be called MBRF, will have a global reach and an anticipated combined revenue of R$ 152 billion.
