Marfrig 2Q FY26 net income drops 19.5% to R$ 69 million; net revenue rises 4.9% to R$ 40.72 billion

• Marfrig posted 2Q26 net revenue of R$ 40.72 billion, up 4.9% year over year.
• Adjusted EBITDA rose 5.4% to R$ 3.2 billion, while the adjusted EBITDA margin edged up 0.03 percentage points to 7.9%.
• Net income attributable to shareholders fell 19.5% to R$ 69 million.
• Net debt climbed 2.4% versus 1Q26 to R$ 45.01 billion, lifting leverage to 3.41x net debt/12-month adjusted EBITDA.
• Management highlighted record second-quarter sales volumes, R$ 158 million in synergies, and R$ 328 million captured under the MBRF+ efficiency program.

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