August 14, 2026 – FriGol, one of Brazil’s leading and most traditional beef processors, reported record gross and net revenues in the second quarter of 2026, of R$1.62 billion and R$1.55 billion, respectively, representing increases of 56.5% and 57.6% compared with the same period last year.

“Revenue was driven by higher prices in the Chinese market, and we sought to make the best possible use of the quota established by the country. In the domestic market, we recorded 70% growth, even in a scenario of stable consumption and prices. Our strategy was to focus efforts on higher value-added products and expand our presence into new markets, such as the states of Rondônia, Acre, Amazonas and Roraima,” says Luciano Pascon, CEO of FriGol.

EBITDA (earnings before interest, taxes, depreciation and amortization) totaled R$52.9 million in the quarter, down 65.7% year over year, with a 3.4% margin. Net income was R$2.2 million, down 97.5% from R$86.6 million recorded in the second quarter of 2025 — a historically strong quarter for the company, resulting in a higher comparison base.

Quarterly profitability was pressured by higher cattle prices, amid a scenario of lower cattle supply affecting the entire production chain in Brazil. Despite this scenario, the company slaughtered 225,527 head of cattle during the quarter, an increase of 45.9% compared with the same period in 2025, driven by the partnership established this year for industrial processing services at three plants in Rondônia, two located in Ji-Paraná and one in Rolim de Moura.

“Profitability was impacted by the cattle cycle, a movement affecting the entire industry and not specific to FriGol. Given this scenario, we have advanced measures aimed at improving operational efficiency. With the integration of the plants in Rondônia virtually completed, we are continuing to restructure our operations, seeking to capture synergies and optimize fixed costs and expenses. We expect the results of these initiatives to begin to be reflected in the coming periods,” says Carlos Corrêa, CFO of FriGol.

Exports accounted for 52.4% of gross revenue in the quarter, while the Brazilian market represented 47.6%.

In the international market, China remained the company’s main export destination, accounting for 75.5% of international revenue. Chile followed, with 5%; Hong Kong, with 4%; Indonesia, with 2.4%; Israel, with 2.3%; and Europe, with 1.4%. Other markets accounted for 9.4% of international revenue.

This is the first time Chile has ranked as the company’s second-largest export destination. Together with volumes shipped to other countries, such as the United States and Canada, exports to the Americas increased 815% year over year. This is also the first time Indonesia has ranked fourth among the company’s main markets. Export volumes to Southeast Asia, including other destinations such as the Philippines, increased 37% during the period. These developments reflect the company’s strategy of diversifying its markets.

In the domestic market, the strategy remains focused on higher value-added products. The Chef, Angus, BBQ Secrets and Açougue Completo product lines recorded 20% growth in sales volume compared with the same period last year.

The highlight of the quarter was the expansion of FriGol’s Açougue Completo concept, with the opening of five stores in the state of São Paulo, in addition to two Açougue FriGol stores in Porto Velho, marking the arrival in the state of Rondônia of the butcher shop format featuring a customized layout and technical assistance. Of the total new stores, three were opened in partnership with major cash-and-carry retailers, continuing the strategy launched by the company last year.

Reinforcing its financial strength, FriGol ended the second quarter with cash of R$468.6 million, 127% higher than in the same period of 2025. The company reported leverage of 2.2 times net debt to LTM EBITDA, a healthy level that supports the company’s expansion strategy. During the period, FriGol maintained its A.br corporate rating, with a stable outlook, assigned by Moody’s, reinforcing its access to the capital markets. In addition, the fourth issuance of Agribusiness Receivables Certificates (CRA), totaling R$250 million and completed in March, supported the company’s strategy of strengthening its cash position, reducing financial costs and extending the debt maturity profile.

First Half

In the first half of 2026, net revenue totaled R$2.55 billion, up 30.4% compared with the same period in 2025, while the company maintained a positive net income of R$13.3 million, despite the high cost of raw materials.

About FriGol

FriGol is one of Brazil’s leading and most traditional beef processing companies. Founded in 1992 by the Gonzaga Oliveira family, which has been active in the meat industry since 1970, the company has three wholly owned industrial facilities located in Lençóis Paulista (São Paulo), Água Azul do Norte (Pará) and São Félix do Xingu (Pará), as well as three facilities operating under industrial processing service agreements, in partnership with RioBeef in Ji-Paraná (Rondônia), and with DistriBoi in Ji-Paraná (Rondônia) and Rolim de Moura (Rondônia). The company has a significant presence in both domestic and international markets, with operations reaching more than 60 countries across the Americas, Europe, the Middle East, Asia and Africa.