On Monday, August 31, 2026, Minerva (BEEF3) clarified in a notice to the market that it closed the second quarter of 2026 (2Q26) with net leverage of 2.9x, according to the quarterly financial information for the period ended June 30, 2026.
The company stated that, as already disclosed in the 2ITR/26, it has been persistently seeking opportunities to optimize its debt profile, using cash generation to reduce debt and leverage. The strategy includes active management of long-term liabilities, with repurchase and cancellation of bonds in the secondary market, which totaled more than R$ 1.2 billion since the beginning of 2026, according to the cited report.
In the notice, Minerva explained that, during the “Financial Day” event, the Chief Financial and Investor Relations Officer commented, based on already disclosed data, on a leverage level considered appropriate and an example of a time horizon to reach it. The company emphasized, however, that this example should not be analyzed in isolation, as it was part of the discussion on the short- and medium-term deleveraging strategy.
Minerva further clarified that the reference to a possible 18- to 24-month period to reach a certain leverage level does not constitute any forecast, stressing that, in a highly volatile macroeconomic environment, deleveraging targets may be constantly reassessed and readjusted.
