Fintech PR
MINERVA FOODS FILES FREE CASH FLOW OF R$ 990 MILLION IN THE FOURTH QUARTER OF 2024
In 2024, free cash flow totals R$ 2.4 billion, which means a free cash flow yield (annualized) of approximately 85% p.a. The company has accumulated around R$ 9 billion in free cash generation since 2018.
SAO PAULO, March 19, 2025 /PRNewswire/ — Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a leader in the export of fresh beef and its derivatives in South America, which also operates in the processed products segment, presents its results for the fourth quarter of 2024 (4Q24) to the market. The financial and operational information is presented in BRGAAP, in Reais (R$), in accordance with International Financial Reporting Standards (IFRS).
The free cash flow for the fourth quarter of 2024, after Financial Expenses, Capex, and Working Capital, was R$ 990 million. In 2024, total free cash flow amounted to R$ 2.4 billion, representing an annualized free cash flow yield of approximately 85% per year.* Since 2018, the Company has accumulated around R$ 9 billion in free cash flow generation.
The EBITDA for the fourth quarter of 2024 was R$ 943.7 million, a record for a single quarter, with an EBITDA margin of 8.8%, up by 56% on the same period of 2023 (4Q23), and 16% on the previous quarter (3Q24). Year-to-date, the EBITDA reached R$3.1 billion, with an EBITDA margin of 9.2%. Adjusted EBITDA, considering the pro forma performance of new assets over 10 months, totaled R$ 4.3 billion.
Consolidated gross revenue for the fourth quarter of 2024 was R$ 11.4 billion, up by 76% on the same period in 2023, and 27% over the previous quarter, with exports accounting for 53% of the total. In 2024, gross revenue totaled R$ 36.3 billion, an increase of 27% over 2023, with exports reaching 58%, reinforcing our leadership in beef exports in South America, with a market share of approximately 20%.
It is worth noting that the United States accounted for 33% and China for 20% of Minerva Foods’s exports from South America in the fourth quarter, reaffirming the benefits of the geographic diversification strategy and the Company’s ability to arbitrate the global animal protein market.
Net revenue totaled R$ 10.7 billion in the fourth quarter of 2024, a record level for a single quarter, up 74% compared to the same period in 2023, and 26% on a quarterly basis. In 2024, consolidated net revenue totaled R$ 34.1 billion, up 27% compared to 2023.
Net leverage at the end of December, measured through the Net Debt/Adjusted EBITDA indicator for the last 12 months, ended the quarter at 3.7x, after the disbursement related to the acquisition of Marfrig’s assets in South America.
At the end of October, the Company completed the acquisition of ten industrial and commercial facilities located in Brazil, Argentina, and Chile, expanding its operational footprint with 13 additional production plants and 1 distribution center. As a result, the Company now operates a total of 46 industrial units, with a daily processing capacity of 41,789 cattle and 25,716 sheep.
At the end of 2024, Minerva Foods completed the buyback of a portion of 2031 Bonds, totaling US$ 69 million, with a coupon of 4.375%. The effective cancellation of these bonds occurred in early 2025.
*Based on the closing price BEEF3 on 03/11/2025.
About Minerva Foods
Minerva Foods is a leader in beef exports in South America and also operates in the processed segment, selling its products to more than 100 countries. In addition to Brazil, Minerva Foods is present in Paraguay, Argentina, Uruguay, and Colombia, and has specialized sheep plants in Australia, totaling more than 40,000 employees. The company serves five continents with beef, lamb, and their derivatives, and currently operates 46 industrial units, 17 international offices, and 23 distribution centers.
View original content:https://www.prnewswire.co.uk/news-releases/minerva-foods-files-free-cash-flow-of-r-990-million-in-the-fourth-quarter-of-2024-302406466.html
Fintech PR
NUNC Capital launches €20 Million Venture Building Initiative investing in emerging Ukraine’s Defense technologies
AMSTERDAM, March 27, 2025 /PRNewswire/ — Today, Amsterdam based NUNC Capital has announced a €20 million early-stage Venture Building Initiative to invest in emerging Ukrainian defense technologies. The plan is to create a strategic bridge between Europe’s defense markets and Ukraine’s innovative defense technology ecosystem. By establishing a Forward Operating Base in Ukraine, NUNC Capital invests in local boots on the ground to source and support start-ups developing disruptive defense solutions.
NUNC Capital’s CEO, Bram Oostvogel: “Since 2013, NUNC Capital invests in innovative defense solutions. Recent geopolitical developments on the world stage have led us to decide to expand our field of work to Ukraine to contribute, create and cooperate with local defense start-ups. We intend to address critical capability gaps in Europe while leveraging Ukraine’s accelerated battlefield innovation. This aligns with the recent calls in Europe urging the mobilization of private funding and better utilization of existing financial instruments.”
Investment Focus
The Venture Building Initiative will focus on strategic domains where significant innovation potential exists. The focus on these specific areas aligns with global trends in defense innovation: electronic warfare, unmanned systems, smart materials, sensors & payloads, GPS-denied communication and navigation. This targeted approach addresses specific areas where European strategic autonomy requires strengthening while leveraging Ukrainian expertise developed through operational experience. NUNC Capital is proud partner of the Brave1 investor community, supporting cutting-edge defense solutions, and partner of the expanding European Defense Tech network, which fosters innovation in defense technologies.
About NUNC Capital
NUNC Capital is a venture-building investment firm focusing on defense technology. Since 2013, NUNC Capital has successfully established a niche portfolio of defense companies operating in critical domains such as advanced materials, unmanned systems, strategic sourcing & supply and mission-critical software. By investing knowledge, network and resources in disruptive Defense technologies and start-ups, NUNC Capital invests in the future, building Defense companies that make a real difference for the man on the ground. For more information please visit: www.nunccapital.com.
View original content:https://www.prnewswire.co.uk/news-releases/nunc-capital-launches-20-million-venture-building-initiative-investing-in-emerging-ukraines-defense-technologies-302413075.html
VICTORIA, Seychelles, March 27, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the listing of CORN (CORN) on both spot and futures markets, scheduled for March 28, 2025 (UTC). The listing on MEXC will be accompanied by an exciting Airdrop+ rewards event totaling 149,000 USDT.
CORN represents a next-generation blockchain solution built on Arbitrum Orbit, offering unprecedented scalability and efficiency for Bitcoin-centric applications. The project introduces groundbreaking features including Bitcorn (BTCN) as its gas token, the popCORN System for long-term incentives, and LayerZero technology for seamless cross-chain asset transfers. By supporting Stylus, CORN enables developers to create smart contracts using multiple programming languages, pushing the boundaries of blockchain innovation.
To celebrate the CORN listing, MEXC will launch an extraordinary Airdrop+ event with a massive 149,000 USDT prize pool. The event, which will run from March 27 to April 6, 2025, will offer multiple opportunities to participate:
Benefit 1: Deposit and share 80,000 USDT in Futures bonus (New user exclusive)
Benefit 2: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 3: Invite new users and share 19,000 USDT in Futures (For all users)
MEXC has established itself as an industry leader by consistently providing users with early access to promising eb3 projects. In 2024, MEXC introduced 2,376 new tokens, with 1,716 of those being initial listings. According to the latest TokenInsight report, MEXC leads the industry with the highest number of spot listings at 461 and the fastest listing speed. Additionally, the exchange consistently adds new tokens in bi-weekly cycles, showcasing its exceptional ability to quickly capture market trends.
Looking ahead, MEXC will continue to enhance its platform by providing advantages such as low fees, deep liquidity, a wide selection of trending tokens, and daily airdrops, enabling traders to access high-potential projects early, receive generous rewards, and enjoy an optimal trading experience.
For full event details and participation rules, visit the event page.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
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View original content:https://www.prnewswire.co.uk/news-releases/mexc-announces-corn-corn-listing-with-massive-149-000-usdt-prize-pool-302413048.html
LONDON, March 27, 2025 /PRNewswire/ — Wirex, a leading web3 money app, is strengthening its position as the go-to payment solution for travelers with the launch of Wirex Travel, a new booking platform offering up to 65% off hotel prices and up to 8% cashback for users who pay with their Wirex card.
As a pioneer in borderless payments, Wirex has long provided travelers with benefits like zero foreign exchange fees, interbank exchange rates, and crypto rewards. Now, Wirex Travel extends these advantages by giving users a smarter way to book accommodations while maximizing their savings and rewards.
Designed as a user-friendly travel marketplace, Wirex Travel provides access to thousands of hotel deals worldwide, with seamless payment options in both crypto and traditional currencies.
“Travel should be simple, seamless, and rewarding. With Wirex Travel, we’re helping users unlock incredible hotel deals while earning generous rewards when they pay with their Wirex card,” said Pavel Matveev, Co-Founder of Wirex. “This is another step toward making travel more accessible and cost-effective for our global user base.”
Key Features of Wirex Travel:
- Global Hotel Bookings – Access thousands of hotels worldwide at exclusive prices.
- Up to 65% Off – Book hotels at significantly reduced rates.
- Up to 8% Cashback – Earn rewards when paying with a Wirex card.
- Fiat & Crypto Payments – Pay seamlessly with Bitcoin, USDT, or traditional currencies.
- Exclusive Deals – Unlock special offers available only to Wirex users.
With Wirex Travel, Wirex continues to push the boundaries of digital payments, making travel more affordable, rewarding, and crypto-friendly.
For more information, visit Wirex Travel.
Notes to editors:
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
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View original content:https://www.prnewswire.co.uk/news-releases/wirex-launches-travel-booking-platform-with-crypto-payments–rewards-302413029.html
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