Brazil Meat Giant Profit Doubles on Tax Gain
MBRF, the Brazilian meat group formed by Marfrig and BRF, earned US$37 million in the third quarter, up 123.5%, while revenue slipped 0.8%. The post Brazil Meat Giant Profit Doubles on Tax Gain appeared first on The Rio Times .
Brazil's largest meat company, MBRF Global Foods, saw its net profit more than triple in the third quarter of 2026 thanks to a tax gain of about R$529 million (around US$94 million). This came as net revenue declined slightly, down 0.8% to R$41.424 billion (US$7.3 billion). The company's overall adjusted EBITDA, a measure of operating cash earnings, increased modestly by 1.6% to R$3.558 billion (US$630 million).
Despite this modest increase, the debt-to-EBITDA ratio rose, indicating a higher level of leverage. While exports drove much of the revenue growth, domestic sales fell. The company credited efficiency gains and geographic diversification for the profit jump, but noted that tax effects can be one-off events. The results highlight the importance of export markets, particularly the United States, Asia, and the Middle East, for the company's financial performance.
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