BRF S.A. (BRFS) Q2 2025 Earnings Call Transcript


BRF S.A. (NYSE:BRFS) Q2 2025 Earnings Conference Call August 15, 2025 9:00 AM ET

Company Participants

Fabio Luis Mendes Mariano – Chief Financial & Investor Relations Officer and Member of Executive Board
Miguel de Souza Gularte – Global CEO & Member of Executive Board

Conference Call Participants

Guilherme Palhares – Santander Investment Securities Inc., Research Division
Gustavo Troyano – Itaú Corretora de Valores S.A., Research Division
Henrique R. Brustolin – Banco Bradesco BBI S.A., Research Division
Julia Zaniolo – BofA Securities, Research Division
Lucas Ferreira – JPMorgan Chase & Co, Research Division
Lucas T. Mussi – Morgan Stanley, Research Division
Thiago A. Bortoluci – Goldman Sachs Group, Inc., Research Division

Unidentified Company Representative

Good morning, ladies and gentlemen. Welcome to BRF conference for the results related to the second quarter of 2025. This teleconference is being recorded, and the replay can be accessed at the company website at ri.brf-global.com. The presentation is also available for download in this moment. [Operator Instructions]

Before we proceed, I would like to take the advantage to reinforce that prospective statements are based on beliefs and assumptions of BRF direction and information available for the company. These statements may involve risks and uncertainties having insight that they are about future events and therefore, depends on circumstances that may or may not happen.

Investors, analysts and reporters may take into account that events related to the macroeconomic environment segment and other factors may make the results be materially and relevantly different from those expressed in the prospective statements present in this conference.

Miguel Gularte and Fabio Mariano. I’d like to give the floor now to Mr. Miguel, who will start the presentation. Please, Mr. Miguel, you can go on.

Miguel de Souza Gularte

Good morning. We would like to thank everyone for joining our conference for the



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