By Brazil Stock Guide – Marfrig Global Foods S.A. (MRFG3.SA) approved a share repurchase program authorizing the acquisition of up to 25 million common shares, according to minutes from a board meeting held on Sept. 24, 2025.
The buyback represents 1.74% of the company’s total shares and 3.23% of those currently outstanding. The program is aimed at “maximizing shareholder value through efficient capital management,” the company said in the filing.
The program will last up to 18 months, from Sept. 24, 2025, through March 24, 2027. Purchases will be made on B3, Brazil’s stock exchange, at prevailing market prices. Marfrig’s executive board will decide the timing and size of transactions.
Three financial institutions were appointed to intermediate operations: J.P. Morgan CCVM S.A., Safra Distribuidora de Títulos e Valores Mobiliários and Santander CCVM S.A.
Marfrig said it may hold up to 10% of its shares in treasury, equivalent to 77.3 million shares. The company will use retained earnings and capital reserves to finance the transactions, based on its second-quarter 2025 financial statements.
Repurchased shares may be kept in treasury, canceled, or allocated to executive compensation plans such as stock options. The board affirmed the buyback won’t affect dividend payments or the company’s obligations to creditors.
The company will disclose details in a material fact filing, as required by CVM Resolution 80.