The Board of Directors of Marfrig Global Foods (MBRF3), MBRF, approved on November 12, 2026 a new share buyback program, authorizing the purchase of up to 15,000,000 common shares. The goal is to maximize value creation for shareholders through efficient management of the capital structure. The maximum term for purchases is 18 months, from November 12, 2026 to May 12, 2028.
At the same meeting, the board approved the cancellation of 16,819,310 treasury shares, with no reduction in share capital. Capital is now divided into 1,363,620,233 common shares. After the cancellation, the company holds 5,680 treasury shares, and there are 723,883,084 shares outstanding in the market.
The board also terminated early the previous buyback program, approved on September 24, 2025 and amended on November 10, 2025, which was set to run until March 24, 2027.
The shares acquired may be held in treasury, canceled, sold on the market, or used in the share-based compensation plan approved at the shareholders' meeting on April 24, 2026. The program may include structured swap transactions (exchange of financial flows) with financial institutions. The brokerage firms acting as intermediaries are J.P. Morgan CCVM, Safra Distribuidora de Títulos e Valores Mobiliários and Santander CCVM.
The buyback will be funded by profit and capital reserves, except for legally excluded reserves, and by realized earnings for the current fiscal year. The board believes the transaction will not impair the fulfillment of obligations to creditors or the payment of mandatory dividends, given the company's liquidity and cash generation.
Is MBRF3 worth investing in?
- Price
- R$ 17.76
- as of 11/11/2026
- Dividend yield
- 0.00 %
- P/L
- 68.24
- P/VPA
- 2.19
