BRF reports US$136M Q2 profit as bird flu limits exports

BRAZIL – Brazilian meat processor BRF is reporting a profit of US$136 million (735 million reais) in the second quarter of 2025, despite restrictions that followed a bird flu outbreak in May.

The company, the largest exporter of chicken worldwide, recorded earnings before interest, taxes, depreciation and amortization of about US$463 million (2.5 billion reais), which was in line with analysts’ projections.

Total sales for the quarter reached US$2.84 billion (15.36 billion reais), a 2.9 percent increase compared with the same period last year.

Industry data showed that Brazil’s overall poultry exports dropped 15 percent in the quarter, but BRF limited its own decline to 5 percent by redirecting some of its chicken products to the domestic market and shipping other cuts to different destinations.

At a press briefing, executives explained that while China has not yet reopened its market to Brazilian poultry, the company has confirmation that Saudi Arabia will resume imports.

Meanwhile, sales inside Brazil rose around 6 percent, supported by demand for processed foods, which delivered the company’s highest second quarter result on record.

Operating income from the domestic business stood at US$240 million (1.3 billion reais), with margins of 16.4 percent.

For its international operations, BRF maintained what it described as competitive pricing, reporting adjusted earnings of about US$222 million (1.2 billion reais) and a margin of 17.3 percent.

The company also expanded its market access during the quarter, securing 11 new export authorizations, with Argentina and Canada among the destinations.

Looking at the first half of the year as a whole, BRF said it achieved its strongest six-month performance ever, with earnings before interest, taxes, depreciation and amortization totaling US$980 million (5.3 billion reais) and a net profit of US$351 million (1.9 billion reais).

The results indicate that while export restrictions from the bird flu outbreak weighed on trade volumes, BRF was able to adapt its supply and maintain profitability.

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