FriGol reports record revenue of US$805M in 2025

BRAZIL – FriGol, a long‑established beef processing company in Brazil, reported total gross revenue of R$4.5 billion (US$805 million) for the full year of 2025, an increase of 22% from 2024, while net revenue reached R$4.3 billion (US$770 million) in the same period.

The company logged earnings before interest, taxes, depreciation and amortisation (EBITDA) of R$323.9 million (US$58 million) in 2025, marking an 81% year‑on‑year increase and translating into a 7.6% EBITDA margin.

FriGol’s chief executive officer, Luciano Pascon, said the results reflect the continued execution of the company’s model, built on operational efficiency, disciplined capital management, and focused value creation.

Net profit for the year was R$156.7 million (US$28 million), a 28% decrease compared with the previous year, influenced by one‑off tax effects recorded in 2024, according to FriGol’s financial disclosures.

In 2025, the company introduced the FriGol Mais Program, a strategy that includes efficiency improvements, and FriGol’s chief financial officer, Carlos Corrêa, said this initiative contributed 30% of the firm’s EBITDA for the year.

Higher prices in international markets helped lift sales, with foreign shipments accounting for 56% of total revenue in 2025, up from 52% in 2024. China remained FriGol’s top export market, followed by Israel.

Sales to markets beyond China, Israel and Hong Kong grew to 14% of export revenue in 2025, up 2 percentage points from the prior year, the company said.

On the domestic front, where 44% of revenue was generated, FriGol concentrated on expanding its premium product lines, including Chef, Angus, BBQ Secrets and Açougue Completo, and recorded an 11% increase in volume for those segments.

The Açougue Completo line also expanded through the opening of 10 additional stores, bringing the total to 65 partner supermarket locations by year‑end 2025.

At year‑end, FriGol’s balance sheet showed R$323.6 million (US$58 million) in cash and a leverage ratio of 1.1x net debt to EBITDA, a level the company described as healthy for its sector.

2025 Fourth Quarter Performance
In the final quarter of 2025, FriGol posted gross revenue of R$1.16 billion (US$208 million) and net revenue of R$1.11 billion (US$199 million), with EBITDA of R$51.3 million (US$9 million) at a 4.6% margin, and net profit of R$13.5 million (US$2.4 million).

Traceability and Sustainability
During the year, FriGol also launched its FriGol Farm program to extend socio‑environmental monitoring across its cattle supply chain, aiming to increase traceability to indirect suppliers and support efforts to reduce deforestation risk.

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