{"id":11704,"date":"2026-05-12T12:01:21","date_gmt":"2026-05-12T15:01:21","guid":{"rendered":"https:\/\/www.frigol.com.br\/?post_type=noticias&p=11704"},"modified":"2026-07-06T12:03:16","modified_gmt":"2026-07-06T15:03:16","slug":"frigol-reports-net-income-of-brl-11-1-million-in-the-first-quarter","status":"publish","type":"noticias","link":"https:\/\/www.frigol.com.br\/en\/noticias\/frigol-reports-net-income-of-brl-11-1-million-in-the-first-quarter\/","title":{"rendered":"FriGol Reports Net Income of BRL 11.1 Million in the First Quarter"},"content":{"rendered":"

May 12, 2026<\/strong><\/p>\n

Quarter marked by industrial processing partnerships covering three facilities in Rond\u00f4nia<\/strong><\/p>\n

May 12, 2026<\/strong> \u2013 FriGol, one of Brazil’s leading and most established beef processors, reported gross revenue of BRL 1.05 billion<\/strong> in the first quarter of 2026, up 3.2%<\/strong> compared with the same period of the previous year. Net revenue<\/strong> reached BRL 999.2 million<\/strong>, an increase of 2.8%<\/strong> year over year.<\/p>\n

EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization)<\/strong> totaled BRL 33.3 million<\/strong>, representing a 242% year-over-year increase<\/strong>, with an EBITDA margin of 3.3%<\/strong>. Net income<\/strong> reached BRL 11.1 million<\/strong>, a significant increase compared with BRL 1.0 million<\/strong> reported in the first quarter of 2025.<\/p>\n

“Despite the seasonal characteristics typically seen in our industry during the first quarter, the volatility in international markets, and the tight cattle supply\u2014which drove higher cattle prices\u2014we delivered growth across our key financial indicators, reflecting the strength of our operating strategy and disciplined financial management,”<\/em> said Luciano Pascon, CEO of FriGol<\/strong>.<\/p>\n

During the quarter, the Company processed 136,604 head of cattle<\/strong>, a 14% decrease<\/strong> compared with the same period last year, reflecting the current stage of Brazil’s cattle cycle.<\/p>\n

FriGol considers its balanced exposure to both domestic and international markets a key competitive advantage, enabling the Company to prioritize the most profitable sales channels. This strategy was reflected during the quarter, with the domestic market accounting for 54% of gross revenue<\/strong>, compared with 49%<\/strong> in the first quarter of 2025.<\/p>\n

In Brazil, FriGol continued to focus on expanding sales of value-added branded products<\/strong>, including its Chef, Angus, BBQ Secrets, and A\u00e7ougue Completo<\/strong> product lines, which recorded a 13% increase in sales volume<\/strong> year over year.<\/p>\n

The Company also expanded its presence in Brazil’s wholesale supermarket segment (“cash-and-carry”), opening two new A\u00e7ougue Completo FriGol in-store butcher shops<\/strong> and six FriGol Butcher Shop locations<\/strong> during the quarter.<\/p>\n

International sales represented 46% of gross revenue<\/strong>, compared with 51%<\/strong> in the same period of 2025.<\/p>\n

China remained FriGol’s largest export destination, accounting for 64.8% of export revenue<\/strong>. However, due to the recently imposed import quota established by the Chinese authorities, export volumes declined during the quarter, although this impact was partially offset by higher average selling prices.<\/p>\n

Israel remained the Company’s second-largest export market, accounting for 10.3%<\/strong> of export revenue, followed by Hong Kong (4.3%)<\/strong> and Europe (3.2%)<\/strong>. At the same time, FriGol continued to diversify its export portfolio, with other international markets representing 17.4% of export revenue<\/strong>, compared with 13%<\/strong> in the first quarter of 2025 and 6%<\/strong> in 2024, demonstrating the consistency of the Company’s market diversification strategy.<\/p>\n

Growing demand from Southeast Asian countries, particularly Indonesia<\/strong> and the Philippines<\/strong>, was one of the quarter’s highlights, with export volumes increasing 255% year over year<\/strong>.<\/p>\n

Consistent with this diversification strategy, CEO Luciano Pascon<\/strong> and Export Director Rog\u00e9rio Bonato<\/strong> conducted an extensive business development agenda in the United States<\/strong> and Canada<\/strong> during March, strengthening relationships with customers and pursuing new commercial opportunities.<\/p>\n

Expansion in Rond\u00f4nia<\/h2>\n

The first quarter also marked a significant milestone in FriGol’s expansion strategy through industrial processing service agreements with RioBeef<\/strong> and DistriBoi<\/strong> in the state of Rond\u00f4nia, covering three processing facilities<\/strong>\u2014two located in Ji-Paran\u00e1<\/strong> and one in Rolim de Moura<\/strong>.<\/p>\n

These partnerships expand the Company’s cattle procurement base in one of Brazil’s most established livestock-producing regions. In addition, the facilities hold strategic export approvals that will enable FriGol to further diversify its international sales, targeting markets such as Canada<\/strong> and Chile<\/strong>, while also providing access to the United States<\/strong>, a market for which FriGol previously did not hold export eligibility. The Company’s first shipment to the U.S. was completed in April through the Rolim de Moura facility.<\/p>\n

“Beginning in April, all three facilities reached the expected production levels, and the results will be reflected in our next quarterly earnings report. We remain highly optimistic. Despite this year’s challenges, we expect a significant increase in production and revenue, reinforcing our position among Brazil’s four largest beef processors,”<\/em> said Pascon.<\/p>\n

Financial Strength<\/h2>\n

FriGol ended the quarter with cash and cash equivalents of BRL 415.4 million<\/strong>, an 80% increase<\/strong> compared with the first quarter of 2025, and a Net Debt-to-EBITDA ratio of 1.7x<\/strong>, a leverage level considered very healthy for the industry.<\/p>\n

“We remain committed to optimizing our capital structure by securing lower-cost funding to support the Company’s sustainable long-term growth. One of the highlights of the quarter was the successful issuance of our fourth Agribusiness Receivables Certificate (CRA), which generated demand well above the initial target and broadened participation among qualified individual investors,”<\/em> said Carlos Corr\u00eaa, CFO of FriGol<\/strong>.<\/p>\n

During the first quarter, FriGol successfully completed its fourth issuance of Agribusiness Receivables Certificates (CRA)<\/strong>, totaling BRL 250 million<\/strong>. Bradesco BBI<\/strong> acted as Lead Coordinator, BTG Pactual<\/strong> served as Joint Bookrunner, and Opea<\/strong> acted as the securitization agent.<\/p>\n

About FriGol<\/h2>\n

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 Len\u00e7\u00f3is Paulista (S\u00e3o Paulo)<\/strong>, \u00c1gua Azul do Norte (Par\u00e1)<\/strong>, and S\u00e3o F\u00e9lix do Xingu (Par\u00e1)<\/strong>. FriGol also operates three additional facilities through industrial processing service agreements<\/strong>, in partnership with RioBeef<\/strong> in Ji-Paran\u00e1 (Rond\u00f4nia)<\/strong> and DistriBoi<\/strong> in Ji-Paran\u00e1<\/strong> and Rolim de Moura (Rond\u00f4nia)<\/strong>. The Company has a significant presence in both domestic and international markets, exporting to more than 60 countries<\/strong> across the Americas, Europe, the Middle East, Asia, and Africa.<\/p>\n

Media Contacts<\/h2>\n

Elaine Daffara<\/strong>
\nelaine.daffara@frigol.com.br<\/a>
\n+55 (14) 98181-0183<\/p>\n

Gleice Bernardini<\/strong>
\nmarketing@frigol.com.br<\/a>
\n+55 (14) 98181-0235<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-11704","noticias","type-noticias","status-publish","hentry"],"yoast_head":"\nFriGol Reports Net Income of BRL 11.1 Million in the First Quarter - Frigol SA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.frigol.com.br\/en\/noticias\/frigol-reports-net-income-of-brl-11-1-million-in-the-first-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FriGol Reports Net Income of BRL 11.1 Million in the First Quarter - Frigol SA\" \/>\n<meta property=\"og:description\" content=\"May 12, 2026 Quarter marked by industrial processing partnerships covering three facilities in Rond\u00f4nia May 12, 2026 \u2013 FriGol, one of Brazil’s leading and most established beef processors, reported gross revenue of BRL 1.05 billion in the first quarter of 2026, up 3.2% compared with the same period of the previous year. 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