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MINERVA FOODS FILES FREE CASH FLOW OF R$ 990 MILLION IN THE FOURTH QUARTER OF 2024

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In 2024, free cash flow totals R$ 2.4 billion, which means a free cash flow yield (annualized) of approximately 85% p.a. The company has accumulated around R$ 9 billion in free cash generation since 2018.

SAO PAULO, March 19, 2025 /PRNewswire/ — Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a leader in the export of fresh beef and its derivatives in South America, which also operates in the processed products segment, presents its results for the fourth quarter of 2024 (4Q24) to the market. The financial and operational information is presented in BRGAAP, in Reais (R$), in accordance with International Financial Reporting Standards (IFRS).

The free cash flow for the fourth quarter of 2024, after Financial Expenses, Capex, and Working Capital, was R$ 990 million. In 2024, total free cash flow amounted to R$ 2.4 billion, representing an annualized free cash flow yield of approximately 85% per year.* Since 2018, the Company has accumulated around R$ 9 billion in free cash flow generation.

The EBITDA for the fourth quarter of 2024 was R$ 943.7 million, a record for a single quarter, with an EBITDA margin of 8.8%, up by 56% on the same period of 2023 (4Q23), and 16% on the previous quarter (3Q24). Year-to-date, the EBITDA reached R$3.1 billion, with an EBITDA margin of 9.2%. Adjusted EBITDA, considering the pro forma performance of new assets over 10 months, totaled R$ 4.3 billion.

Consolidated gross revenue for the fourth quarter of 2024 was R$ 11.4 billion, up by 76% on the same period in 2023, and 27% over the previous quarter, with exports accounting for 53% of the total. In 2024, gross revenue totaled R$ 36.3 billion, an increase of 27% over 2023, with exports reaching 58%, reinforcing our leadership in beef exports in South America, with a market share of approximately 20%.

It is worth noting that the United States accounted for 33% and China for 20% of Minerva Foods’s exports from South America in the fourth quarter, reaffirming the benefits of the geographic diversification strategy and the Company’s ability to arbitrate the global animal protein market.

Net revenue totaled R$ 10.7 billion in the fourth quarter of 2024, a record level for a single quarter, up 74% compared to the same period in 2023, and 26% on a quarterly basis. In 2024, consolidated net revenue totaled R$ 34.1 billion, up 27% compared to 2023.

Net leverage at the end of December, measured through the Net Debt/Adjusted EBITDA indicator for the last 12 months, ended the quarter at 3.7x, after the disbursement related to the acquisition of Marfrig’s assets in South America.

At the end of October, the Company completed the acquisition of ten industrial and commercial facilities located in Brazil, Argentina, and Chile, expanding its operational footprint with 13 additional production plants and 1 distribution center. As a result, the Company now operates a total of 46 industrial units, with a daily processing capacity of 41,789 cattle and 25,716 sheep.

At the end of 2024, Minerva Foods completed the buyback of a portion of 2031 Bonds, totaling US$ 69 million, with a coupon of 4.375%. The effective cancellation of these bonds occurred in early 2025.

*Based on the closing price BEEF3 on 03/11/2025.

About Minerva Foods

Minerva Foods is a leader in beef exports in South America and also operates in the processed segment, selling its products to more than 100 countries. In addition to Brazil, Minerva Foods is present in Paraguay, Argentina, Uruguay, and Colombia, and has specialized sheep plants in Australia, totaling more than 40,000 employees. The company serves five continents with beef, lamb, and their derivatives, and currently operates 46 industrial units, 17 international offices, and 23 distribution centers.

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State Grid Xinjiang Information & Telecommunication Company: Achieving Online Lean Control of Engineering Finance

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URUMQI, China, March 21, 2025 /PRNewswire/ — Recently, the State Grid Xinjiang Information & Telecommunication Company has successfully completed the development of a final account report management system. This initiative focuses on annual financial priorities, tightly integrates material, engineering, and asset chains, and strengthens the lean control of engineering assets. 

In terms of business promotion, the entire project finance process is now fully systematized, connecting projects from completion and operation through settlement to final accounts. By leveraging online management and data flow, the traditional mode of passively receiving offline financial settlement data for final accounts has been transformed into an online platform that provides real-time visibility into project completion and operational materials. This significantly enhances the timeliness of cost collection, settlement, and final accounts. 

Regarding functional implementation, the system has established seamless integration with both the project construction management system and the ERP system. It enables automatic acquisition of project construction milestone node information, automatic association of asset transfer cards, and automatic push notifications for critical documents such as completion reports, production transfer notices, equipment inventories, and settlement reports. These features allow financial personnel to promptly access important node information, enabling them to monitor in real time the provisional assessment transfer, settlement, and final account transfer processes, thereby promoting timely business-finance alignment. 

In terms of application effectiveness, the settlement and final account reports, along with the split management of capital transfer assets, play a crucial role in overall production and operations. Through comprehensive project financial control, financial personnel can ensure timely handover of settlement data after project completion and commissioning, prevent delays in final account transfers, and guarantee reasonable splitting of transferred assets. This drives synergy among project completion, settlement, and final accounts, enhancing overall efficiency. 

Moving forward, the State Grid Xinjiang Information & Telecommunication Company will continue to collaborate closely with various units to refine system functionality, streamline data flows across all links, further optimize statistical statements covering the entire project lifecycle, and maintain real-time oversight of overall project progress. These efforts aim to improve the efficiency of project final accounts and capital transfers.

View original content:https://www.prnewswire.com/apac/news-releases/state-grid-xinjiang-information–telecommunication-company-achieving-online-lean-control-of-engineering-finance-302407750.html

SOURCE State Grid Xinjiang Information & Telecommunication Company

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Innovative Multicurrency Wallet Development Company Blurs The Lines Between Traditional Banking & Crypto Economy

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NEW DELHI, March 21, 2025 /PRNewswire/ — Amidst the swift transformation of the digital financial landscape, where the lines between traditional banking and the crypto economy continue to blur, a pioneering multicurrency wallet development company, Nadcab Labs is redefining how users interact with digital and fiat currencies. By integrating advanced blockchain technology with banking-grade security, the company offers next-gen cryptocurrency wallet development solutions designed to empower businesses, crypto exchanges, and fintech innovators with seamless, secure, and scalable multicurrency wallet platforms.

These cutting-edge solutions are transforming the financial ecosystem by bridging the gap between conventional financial systems and the decentralized digital economy. They offer users the flexibility to manage multiple fiat and cryptocurrencies effortlessly in one unified interface. With the rise in global crypto adoption, the need for versatile wallet solutions is more critical than ever, and Nadcab Labs stands out by providing tailor-made wallet applications that support multiple assets, facilitate instant cross-border payments, and incorporate real-time currency conversion features, delivering an unmatched user experience. 

Speaking on the growing demand for robust digital wallets, Aman Vaths, Founder of Nadcab Labs, said, “The future of finance is hybrid, and our mission is to equip businesses with wallet solutions that not only support digital assets but also integrate traditional banking functionalities to meet the evolving needs of global users.” 

Backed by a team of blockchain experts, the company offers end-to-end wallet development services including private key encryption, two-factor authentication, biometric security, and multi-signature support, ensuring that users’ assets remain secure against cyber threats.

As part of its holistic approach, the company also specializes as a cryptocurrency exchange development company, delivering white-label crypto exchange solutions that are scalable, secure, and compliant with global regulatory standards, thereby enabling businesses to enter the crypto trading market seamlessly. With an added focus on smart contract development services, the company ensures that its wallets and exchange platforms are integrated with highly secure, efficient, and customizable smart contracts, automating transactions and eliminating intermediaries for faster and more transparent operations. 

Furthermore, their blockchain development services play a pivotal role in strengthening the backend of multicurrency wallets, offering high-performance distributed ledger solutions that enhance data integrity, transaction speed, and platform scalability. By incorporating AI-driven analytics, real-time monitoring, and decentralized finance (DeFi) features, the company’s wallet solutions empower users to lend, borrow, and stake assets, driving greater engagement and financial inclusion.

Businesses partnering with this multicurrency wallet development company benefit from not only technical excellence but also strategic consulting, market analysis, and marketing support, ensuring that their digital wallet solutions align perfectly with industry demands and user expectations. 

The company’s unwavering commitment to security, innovation, and customer satisfaction has earned it a solid reputation in the global fintech and crypto industries, making it the go-to partner for startups, enterprises, and financial institutions seeking to capitalize on the booming digital asset market. With its extensive expertise in cryptocurrency wallet development, cryptocurrency exchange development company services, smart contract development services, and blockchain development services, the company is driving the next wave of financial transformation, helping businesses blur the boundaries between traditional finance and the decentralized crypto economy.

With its relentless focus on innovation and excellence, this multicurrency wallet development company is setting a new standard in the digital finance ecosystem, ushering in a future where traditional banking and the crypto economy seamlessly coexist.

To explore how their comprehensive wallet and exchange solutions can elevate your blockchain strategy and empower your business in the digital age, visit www.nadcab.com.

Media Contact
Enjilla
Marketing Executive, Nadcab Labs
Email: info@nadcab.com 
Phone: +91 7880936432
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Eddid ONE Launches Japanese and Singapore Stock Trading

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Making Global Portfolio Building Effortless

HONG KONG, March 21, 2025 /PRNewswire/ — Eddid Financial (“the Group”) is delighted to announce that its flagship trading app, Eddid ONE, has officially launched Japanese and Singapore stock trading, marking a significant expansion into two of Asia’s most influential financial markets. With this launch, Eddid ONE now provides clients with access to an extensive range of trading services, including Hong Kong stocks, US stocks, Japanese stocks, Singapore stocks, Hong Kong and global futures, forex, mutual funds, and virtual assets, empowering investors to build diversified global investment portfolios and seize opportunities worldwide.

Japan, the world’s fourth-largest economy, is home to the Tokyo Stock Exchange, one of the most active stock markets in Asia. It hosts some of the world’s leading companies in technology, automotive, manufacturing, finance, and entertainment. Singapore, on the other hand, has established itself as a major financial hub in Southeast Asia, and had been ranked as one of the freest economies for many times, thanks to its strong economic foundation and international outlook. The Singapore Exchange has become a magnet for multinational corporations and investors, earning global recognition as a leader in the Real Estate Investment Trusts (REITs) market.

Building on the earlier introduction of Bitcoin (BTC) and Ethereum (ETH) trading, the addition of Japanese and Singapore stock trading further enhances Eddid ONE’s portfolio flexibility. Designed for investors seeking seamless cross-border, multi-asset trading solutions, the platform delivers a streamlined, all-in-one trading experience.

Looking ahead, the Eddid ONE team remains committed to expanding into new international markets and broadening its range of investment products. By continually innovating and enhancing its offerings, Eddid ONE strives to provide clients with the tools they need to navigate global markets and achieve their investment goals effortlessly.

About Eddid Financial

Anchored in Hong Kong, Eddid Financial is an all-encompassing financial group centered around fintech and dedicated to integrating cutting-edge artificial intelligence technologies and other latest technologies into its enterprise DNA. The diversified businesses of Eddid Financial range from retail to institutional and include but are not limited to fintech, internet finance, wealth management, asset management, in-vestment banking, and virtual assets. Eddid Financial is committed to providing one-stop financial services and products to customers through high-quality investment solutions.

Members of the Group hold a variety of licenses and memberships across key financial markets. These include Hong Kong Securities and Futures Commission (SFC) regulated activities (“RA”) licenses for types 1, 2, 3, 4, 5, 6, and 9; SEHK and HKCC participant (OTP-C broker number: 0974 and 0977), Insurance Broker Company license; Trust or Company Service Provider License in Hong Kong. Additionally, our fully owned U.S. broker-dealer subsidiary, Eddid Securities USA Inc., maintains approved membership with the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC), and the Nasdaq Stock Market LLC (NQX), and is a registered broker dealer with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the United States.

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SOURCE Eddid Financial

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