By Brazil Stock Guide – BRF SA (BRFS3) reported late Thursday that second-quarter net income reached 735 million reais ($134 million), down 32.8% from the same period in 2024, according to InfoMoney. The result marked a sharp year-on-year drop despite topping some market expectations.
Adjusted earnings before interest, taxes, depreciation and amortization came in at 2.5 billion reais, a 4.5% decline from a year earlier. Analysts surveyed by LSEG had expected net income of 762.2 million reais and Ebitda of 2.42 billion reais.
Net revenue rose 2.9% from the prior year to 15.37 billion reais, exceeding projections.
“We had a historic semester, the best first half in the company’s history,” Chief Executive Officer Miguel Gularte told reporters. “BRF is reaping the rewards of a series of actions it has undertaken.”
Gularte said China remains a strategic market for the meatpacker. “China will once again be a relevant and demanding client, and we will be ready to serve it. We cannot set a date, but we, as a country and as a sector, meet all the requirements,” he said.