Minerva Profit Falls 57% to US$36 Million as Debt Costs Bite

Minerva, one of South America's largest beef exporters, earned R$196.9 million (about US$36 million) in the second quarter of 2026, down 57% from a year earlier. Revenue rose to a quarterly record, but higher financial expenses from debt tied to its Marfrig plant acquisition, along with pricier cattle, drove profit sharply lower.