Brazilian Meat Giant MBRF, the JBS-Marfrig Merger, Lifts Profit 27%

Brazil · Business

Key Facts

—Net income rises 27% MBRF Global Foods (MBRF3) reported a Q1 2026 net profit of R$111 million (about US$22 million), a sharp turnaround that signals early traction for the newly merged meat processor.

—Price targets cut Despite the profit jump, brokerages XP Investimentos and Banco Safra lowered their equity price targets on MBRF3, a cautionary signal for investors watching the stock.

—Second post-merger print This is only MBRF’s second full quarterly report as a combined company, offering a clearer view of the merger’s early financial footprint for shareholders.