From valorinternational · · 50s
Minerva Foods Reports Q3 Loss
Minerva Foods, South America's largest beef exporter, reports Q3 loss amid currency swings and high interest rates.
In brief
Minerva Foods, South America's largest beef exporter, reports Q3 loss amid currency swings and high interest rates. Minerva Foods posted a net loss of R$717.3 million in Q3 due to currency fluctuations, high interest rates, and cattle price hedges. Originally reported by valorinternational.
Financial Results
Minerva Foods reported a net loss of R$717.3 million in Q3 2026.
Key Drivers of Loss
High interest rates and currency swings impacted results, with no cash impact.
Hedging Effects
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R$150 million from inflation curve valuation and R$254.7 million from cattle price derivatives.
Operational Challenges
Fewer cattle slaughtered and higher costs due to Chinese market absence and freight renewals.
Regional Revenue Shifts
Revenue from Paraguay rose 50.5%, Argentina 44%, Colombia 27%, Australia 25%, and Uruguay 4%.
Expected Recovery
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Slaughter operations may recover R$150 million in Q4 after cattle are processed.
The big picture
Minerva Foods posted a net loss of R$717.3 million in Q3 due to currency fluctuations, high interest rates, and cattle price hedges.
