BRF stock rises ahead of MBRF's third-quarter results

Published on 11/12/2026 at 01:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BRF stock moved sharply higher before MBRF's third-quarter report. National Beef's filing offered investors an early view of the beef business.

Results Loom After Sharp Rally

MBRF shares rose 12.7 percent on November 9 after a U.S. filing offered an early view of National Beef.
Third-quarter results are expected after the Brazilian market closes on Thursday, November 12.
Investors still await figures covering MBRF's poultry, processed-food and beef operations.

BRF, BRBRFSACNOR8, Illustration mit AI erstellt.

MBRF, the group formed through the combination of Marfrig and BRF, saw its shares rise 12.7 percent to BRL 17.59 on Monday, November 9, according to The Rio Times. The move came ahead of MBRF's third-quarter results, which are expected after the close of trading on Thursday, November 12.

U.S. Filing Raises Expectations

The rally followed a November 6 filing by U.S. Premium Beef, which owns a minority stake in National Beef, the U.S. beef processor controlled by MBRF. National Beef reported net sales of USD 3.72 billion for the 13 weeks ended September 26, up 2.3 percent from a year earlier, while net income increased 83 percent to USD 15.2 million.

The filing gives investors an early indication of one part of MBRF's portfolio, but it does not cover the group's poultry and processed-food businesses. The Rio Times noted that National Beef's operating profitability remained thin despite the increase in earnings, leaving the broader MBRF report as the next test for the investment case.

Thursday Report Is The Next Test

MBRF's second-quarter net income was BRL 69 million, down 19 percent from a year earlier, while adjusted EBITDA rose 5.4 percent to BRL 3.203 billion. The third quarter of 2025 was the first comparable period after the Marfrig-BRF combination and included net income of BRL 94 million, creating a low comparison base for the new report.

For investors, the publication timing matters. The share move preceded the company's own figures, so the latest market reaction reflects expectations rather than confirmed third-quarter revenue, earnings or margins.

Business Mix Sets MBRF Apart

MBRF operates across beef, poultry and processed foods, with the Sadia brand among the group's consumer businesses and National Beef providing a North American beef platform. It is a large Brazilian meat and food exporter competing with Minerva and JBS in protein markets. Compared with Minerva's beef-focused profile, MBRF has a broader mix that combines beef with poultry and branded processed products.