• Minerva released a transcript of its 2Q26 earnings call attended by CEO Fernando Galletti de Queiroz and CFO/IR head Edison Ticle.
• 2Q net revenue BRL 14.1 billion, adjusted EBITDA BRL 1.2 billion, net income BRL 197 million; net leverage 2.9x with cash near BRL 15 billion.
• Management forecast working-capital release from inventory sales of up to BRL 3 billion in 3Q, supporting leverage near 2.2x–2.3x by year-end.
• Full-year EBITDA implied at around BRL 5 billion or above, despite margin pressure from higher cattle prices.
• Liability management included redemption of USD 166 million of the 2028 bond, buyback of USD 67 million of the 2031 bond, issuance of USD 600 million 2036 bond.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Minerva SA published the original content used to generate this news brief on August 20, 2026, and is solely responsible for the information contained therein.