March 10, 2026

EBITDA reaches a record BRL 323.9 million, the highest in the Company’s history

March 10, 2026 – FriGol, one of Brazil’s leading and most established beef processors, reported gross revenue of BRL 4.5 billion and net revenue of BRL 4.3 billion in 2025, representing 22% year-over-year growth for both metrics.

EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) reached BRL 323.9 million, an 81% increase year over year, with an EBITDA margin of 7.6%.

“The highest EBITDA and strongest revenue performance in FriGol’s history reflect the continued execution of our business model, built on operational excellence, disciplined capital management, and the creation of sustainable long-term value,” said Luciano Pascon, CEO of FriGol.

Net income totaled BRL 156.7 million, down 28% compared with the previous year, primarily reflecting non-recurring tax effects recognized in 2024.

“In 2025, we launched the FriGol Mais Program, whose core pillars include Operational Efficiency. The program delivered outstanding results, accounting for approximately 30% of our operating performance, measured by EBITDA,” said Carlos Corrêa, CFO of FriGol.

Higher prices in international markets had a positive impact on the Company’s financial performance. As a result, exports accounted for 56% of total revenue, compared with 52% in the previous year.

China remained FriGol’s largest export destination, followed by Israel. At the same time, the Company further diversified its international sales, with markets outside China, Israel, and Hong Kong accounting for 14% of export revenue, an increase of 2 percentage points compared with 2024.

In the domestic market, which represented 44% of total revenue, FriGol continued to expand its portfolio of value-added branded products, including Chef, Angus, BBQ Secrets, and Açougue Completo, whose combined sales volume increased 11% year over year. The Açougue Completo retail concept also expanded with the opening of 10 new in-store butcher shops, ending the year with 65 locations operating within partner supermarket chains.

Reflecting the Company’s disciplined financial management and solid capital structure, FriGol closed the year with cash and cash equivalents of BRL 323.6 million and a Net Debt-to-EBITDA ratio of 1.1x, a leverage level considered very healthy for the industry.

Fourth Quarter 2025 Results

During the fourth quarter, FriGol reported gross revenue of BRL 1.16 billion and net revenue of BRL 1.11 billion. EBITDA totaled BRL 51.3 million, with an EBITDA margin of 4.6%, while net income reached BRL 13.5 million.

Sustainability

The year also marked a significant milestone in FriGol’s sustainability journey with the launch of FriGol Farm, a program designed to provide cattle suppliers with tools to monitor the environmental and social compliance of their own suppliers—known as indirect suppliers. The initiative expands traceability across additional tiers of the beef supply chain and contributes to mitigating deforestation risks.

About FriGol

FriGol is one of Brazil’s leading and most established beef processors. Founded in 1992 by the Gonzaga Oliveira family, which has operated in the beef industry since 1970, the Company operates three wholly owned processing facilities located in Lençóis Paulista (São Paulo), Água Azul do Norte (Pará), and São Félix do Xingu (Pará). FriGol also operates three additional processing facilities through industrial processing service agreements, in partnership with RioBeef in Ji-Paraná (Rondônia) and DistriBoi in Ji-Paraná and Rolim de Moura (Rondônia). The Company has a strong presence in both domestic and international markets, exporting to more than 60 countries across the Americas, Europe, the Middle East, Asia, and Africa.

Media Contacts

Elaine Daffara
elaine.daffara@frigol.com.br
+55 (14) 98181-0183

Gleice Bernardini
marketing@frigol.com.br
+55 (14) 98181-0235