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BRF HAS BEST FIRST QUARTER IN ITS HISTORY AND ADVANCES IN THE JOURNEY OF GROWTH

• Profit reaches R$1.2 billion, double that of 1Q24, and EBITDA reaches R$2.8 billion, a record for a first quarter • Revenue grows 16% compared to the same period in 2024 and reaches R$15.5 billion

São Paulo, May 15, 2025 – BRF, one of the largest food companies in the world and owner of the brands Sadia, Perdigão, Qualy and Banvit, started the year 2025 presenting the best first quarter in the company's history. With solid results and consistent advances in its efficiency and growth journey, the company recorded a net profit of R$1.2 billion, double the same period last year, and net income of R$15.5 billion, an increase of 16% compared to 1Q24. Adjusted EBITDA grew 30%, reaching R$2.8 billion, a record for the period, while free cash flow reached R$1.3 billion. The company's leverage reached its lowest level in history (0.54x) and allowed the company to continue investing in growth, guided by financial discipline.

The BRF+ program raised R$305 million through the continuous improvement of operational indicators, contributing to the increase in factory occupancy and sales volumes. “The impressive figures for the first quarter show that efficient management made it possible to continuously improve performance, with greater occupancy of current assets, allowing us to create the foundations for sustainable growth, always with financial discipline and a focus on value generation,” says Miguel Gularte, CEO of BRF.

In Brazil, EBITDA reached R$1.3 billion (versus R$931 million in 1Q24) and a margin of 17.1%, a gain of 2 percentage points compared to the same period in 2024. The results were driven by the highest historical volume for a first quarter, with emphasis on processed products and the contribution of the in natura category to the segment's margin. Commercial execution has advanced, strengthening the presence of products in a greater number of points of sale in the country. The company also reduced FIFO to an all-time low in the quarter and strengthened its brand connections with consumers through renewed strategic sponsorships and value-added product innovations.

In the international segment, the company once again presented healthy levels of profitability and volume growth, driven by its market diversification strategy. EBITDA was R$1.4 billion (compared to R$1.1 billion in 1Q24) and margin of 19.1%, a gain of 2.2 percentage points compared to the first quarter of 2024. BRF obtained 12 new export authorizations in the quarter, totaling 187 since 2022, including the resumption of exports from the Rio Verde (GO) plant to China. In addition, BRF strengthened its presence in Chile with Sadia debuting in the hamburger category.

In the Halal market, BRF increased sales volumes due to Ramadan and the share of value-added items in revenue. The company's brands remain market leaders in the Middle East, with Sadia in the Gulf countries and Banvit in Türkiye.

“We continued with our growth plans and increased BRF’s global presence in the first months of 2025. In Brazil, we signed an agreement to purchase 50% of Gelprime; in China, we completed the acquisition of the processed food plant in Henan; in Saudi Arabia, we acquired 26% of Addoha Poultry Company and announced the construction of a new processed food plant in Jeddah, boosting our relevance with a focus on value-added products”, says Marcos Molina, Controller and Chairman of the Boards of Directors of BRF and Marfrig.

“In this quarter, debt decreased to 5.9 billion, leverage closed the year at 0.54, the lowest level in history, and free cash generation continues to support our growth in a sustainable manner,” highlights BRF's Vice President of Finance and IR, Fábio Mariano. 

BRF started the year with important advances in employee engagement, reaching an 89% satisfaction rate, an increase of 4 p.p. compared to 2024, remaining above the average for high-performance companies. In the Sustainability agenda, the company recorded relevant achievements, being present in the portfolios of the Carbon Efficient Index and the Corporate Sustainability Index (ISE), both from B3.

BRF remains committed to the growth journey that began three years ago with a strategy focused on operational efficiency, innovation and global presence, to build an increasingly strong and sustainable company.