MBRF Global Foods Company S.A. (MBRF3) Earnings Call Transcripts

MBRF Global Foods Company S.A.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, MBRF Global Foods Company S.A. reported consolidated net revenue of BRL 39.5 billion and net income of BRL 111 million, reflecting a solid performance amid strong global protein demand. The company achieved an adjusted EBITDA of BRL 3.1 billion with a margin of 7.8%. Management maintained a positive outlook for the remainder of the year, signaling that 2026 is expected to outperform 2025, driven by operational efficiencies and strong export growth, particularly in the Halal segment.

Reported metrics

Guidance from management

Management maintained a positive outlook for 2026, expecting it to outperform 2025, with continued focus on operational efficiencies and export growth, particularly in the Halal segment.

What management said

Yes. We feel very good about beef demand as we see it both on the retail and foodservice side, nothing is really different from what it's been. Now I will say that typically, what happens when we get to record price levels on items, there'll be a delay in when the bookings occur. And that's kind of what we saw in March with the big spike in the cutout. They'll let the inventories draw down and then they'll replenish....

It was not the strategic done by the company. It was due to product demand really -- it was not strategic on our part. It was market context and demand. For the products. we use that tool is the tool to realize suppliers in our capital structure Depending on the demand we may use it more or less?

What analysts pressed on

Analysts expressed concerns regarding the sustainability of margins in the domestic market and the impact of geopolitical events on supply chains. There were also questions about the company's ability to manage working capital pressures effectively throughout the year.

Main topics on the call

• Strong Revenue Performance — MBRF reported consolidated net revenue of BRL 39.5 billion, which is consistent with the same period last year. CEO Miguel Gularte noted, "We posted net income of BRL 111 million, ahead of the level reported in the same ...
• EBITDA Margin Stability — The adjusted EBITDA margin was reported at 7.8%, with total adjusted EBITDA reaching BRL 3.1 billion. This reflects the strength of MBRF's business model and operational efficiencies, as highlighted by CFO Jose Scoseria ...
• Synergy Capture Initiatives — Management reported BRL 126 million in synergy capture for the quarter, contributing to improved operational efficiency. Gularte emphasized, "We continue to advance on synergy capture through the optimization of our capi...
• Export Growth in Halal Segment — The company achieved record profitability in its Halal segment with an adjusted EBITDA margin of 15.6%. Gularte stated, "We executed well and expanded our export market share in Gulf countries by 12 percentage points bet...

Read the full MBRF Global Foods Company S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 25 MBRF Global Foods Company S.A. earnings call transcripts on record, spanning February 20, 2020 to May 15, 2026. Based on this history, MBRF Global Foods Company S.A. reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MBRF3

Exchange

BOVESPA

Country

BR

Sector

Consumer Staples

Industry

Food Products

Calls on record

25

First call

February 20, 2020

Most recent

May 15, 2026

Reporting cadence

quarterly