Minerva Foods stock reports BRL 14.1 billion Q2 revenue

Published on 09/30/2026 at 06:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Minerva Foods delivered BRL 1.2 billion in Q2 EBITDA with an 8.7 percent margin. Net leverage stood at 2.9 times EBITDA at June 30, 2026.

Minerva, BRBEEFACNOR6, Illustration mit AI erstellt.

Minerva Foods stock is tied to a balance between operating scale and debt reduction as the company reported BRL 14.1 billion in net revenue for Q2 2026. The quarter's adjusted EBITDA reached BRL 1.2 billion with an 8.7 percent margin, according to Yahoo Finance on August 13, 2026.

Q2 revenue reaches BRL 14.1 billion

The result gives Minerva a substantial operating base heading into the second half of 2026. Q2 net revenue increased 5 percent from Q1, while adjusted EBITDA rose 10 percent quarter over quarter to BRL 1.2 billion, as reported in the earnings call.

Over the 12 months ending in June 2026, net revenue reached BRL 57 billion, up 29 percent year over year. Consolidated EBITDA totaled BRL 4.9 billion over the same period, an increase of 22 percent, while the EBITDA margin was 8.6 percent.

Debt reduction shapes capital allocation

Minerva ended Q2 2026 with net leverage of 2.9 times net debt to EBITDA. The company also reported BRL 14.3 billion in net debt and BRL 15 billion in cash at June 30, 2026, according to the earnings call.

That balance sheet explains the dividend policy. Money Times reported on September 1, 2026, that Minerva intends to limit distributions to the mandatory 25 percent of adjusted annual net profit while leverage remains above 2.5 times. The company also repurchased and canceled more than BRL 1.2 billion of debt securities during 2026.

BTG keeps a neutral stance

According to Money Times on September 1, 2026, BTG Pactual maintained a neutral recommendation and a BRL 7.00 price target for the next 12 months. The bank's central test is whether working-capital release and operating cash flow can reduce leverage toward 1.7 times EBITDA.

Minerva stock stays linked to deleveraging

Minerva Foods had a market capitalization of BRL 3.9 billion as of September 29, 2026. Its Q2 net income was BRL 196.9 million, while operating cash flow was negative BRL 54.6 million for the quarter, making cash conversion and debt repayment the key financial measures for the next reporting cycle.