BRF (BRFS) Company Report

Analyst Coverage

Research analysts who have asked questions during BRF earnings calls.

Guilherme Palhares

Santander

3 questions for BRFS

Also covers: ABEV, JBS, MRRTY +2 more

Lucas Ferreira

JPMorgan Chase & Co.

3 questions for BRFS

Also covers: ABEV, AGRO, ASAIY +7 more

Gustavo Troyano

Itau BBA

2 questions for BRFS

Also covers: AGRO, JBS, JBSAY +1 more

Henrique Brustolin

Bradesco BBI

2 questions for BRFS

Also covers: ABEV, AGRO3.SA, CCU +4 more

Leonardo Alencar

XP Investimentos

2 questions for BRFS

Also covers: ABEV, JBS, JBSAY +1 more

Lucas Mussi

Morgan Stanley

2 questions for BRFS

Also covers: JBS

Ricardo Boiati

Safra

2 questions for BRFS

Also covers: JBS, MRRTY

Thiago Duarte

BTG Pactual

2 questions for BRFS

Also covers: ABEV, AGRO, AGRO3.SA +4 more

Giulia Zamiello

Bank of America

1 question for BRFS

Guilherme Padares

Banco Santander, S.A.

1 question for BRFS

Gustavo Trojanu

Itaú BBA

1 question for BRFS

Heiko Brussellini

Unidentified Firm

1 question for BRFS

Isabella Simonato

Bank of America

1 question for BRFS

Also covers: ABEV, AGRO, CSAN +3 more

Leandro Fontanesi

Banco Bradesco BBI

1 question for BRFS

Pedro Fonseca

XP Inc.

1 question for BRFS

Also covers: AGRO3, AGRO3.SA, LND

Renata Fonseca Cabral Sturani

Citibank

1 question for BRFS

Also covers: ABEV, FMX, KOF

Thiago Bertolucci

The Goldman Sachs Group, Inc.

1 question for BRFS

Also covers: KOF

Thiago Bortoluci

Goldman Sachs

1 question for BRFS

Also covers: ARCO, FMX, JBS +3 more

Latest news

Recent press releases and 8-K filings for BRFS.

BRF S.A. and Marfrig Global Foods S.A. Announce Merger Closing and New Organizational Structure

BRFS

M&A

Management Change

CEO Change

The merger of shares issued by BRF S.A. by Marfrig Global Foods S.A. closed on September 22, 2025.
Following the merger, the boards of directors of both companies approved a new organizational structure and composition of the Board of Officers.
Miguel de Souza Gularte was appointed Global Chief Executive Officer, and Jose Ignacio Scoseria Rey was appointed Chief Financial, Investor Relations, Management and Technology Officer for both BRF and Marfrig.
Several executives are transitioning or departing, including Marcel Sacco from BRF and Rui Mendonça Júnior and Tang David from Marfrig.

Sep 23, 2025, 12:53 AM

6-K

BRF and Marfrig Announce Closing of Share Merger

BRFS

M&A

Delisting/Listing Issues

BRF S.A. and Marfrig Global Foods S.A. announced the closing of their Merger of Shares on September 22, 2025, following the satisfaction of all precedent conditions.
As a result of the merger, Marfrig's share capital increased, and 602,799,006 Marfrig common shares will be issued to BRF's shareholders.
The exchange ratio for BRF shareholders is 0.8521 Marfrig common shares for each 1 BRF common share.
BRF's shares ceased trading on B3 on September 22, 2025, and new Marfrig shares will be credited to BRF shareholders' accounts on September 23, 2025, with Marfrig's shares trading under the ticker MBRF3 on B3 starting the same day.

Sep 22, 2025, 10:53 PM

6-K

BRF S.A. Board Approves Share Cancellation, NYSE Delisting, and SEC Reporting Suspension

BRFS

Delisting/Listing Issues

Share Buyback

M&A

On September 18, 2025, BRF S.A.'s Board of Directors approved the cancellation of 90,280,787 common shares held in treasury, which will result in the company's capital stock being divided into 1,592,192,459 common shares.
The Board also approved requests to delist its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE) and to suspend its reporting obligations before the Securities and Exchange Commission (SEC).
These actions, along with the conversion of the company's registration with the Brazilian Securities and Exchange Commission (CVM) from a category "A" to a category "B" issuer, are subject to the closing of the Merger of Shares, which is scheduled to occur on September 22, 2025.