MARB BONDCO PLC

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company earned a profit after tax of $3.12m for the financial year ended 31 December 2024 (2023: $9.37m) and has net liabilities of $36.32m as at 31 December 2024 (2023: $39.44m). The Company has received a letter of support from Marfrig Global Foods S.A. that they will ensure all liabilities of the Company are paid as they fall due and to provide any additional financial support that may be required in the future. On the basis of the above, the Directors have concluded that the Company has no material uncertainties which would cast a significant doubt on the Company's ability to continue as a going concern over the period of assessment.”

Significant events

• “On the 14th January 2021, Marfrig Global Foods S.A. (the "Ultimate Parent Company") announced to its shareholders and the market that its subsidiary Marb Bondco PLC had concluded, on this date, its international bonds offering for the total amount of $1.5 billion with a coupon rate of 3.95% p.a maturing 2031.”
• “During the year, the Company repurchased the principal amount of $60.70m and paid $48.12m of interest. At 31 December 2024 the balance of bonds payable amounted to $1.16 billion.”
• “The first bond with a face value of $750,000,000 was issued on 15 March 2017 with an interest rate of 7% per annum. ... The bond was redeemed in transactions taking place in January 2021 and March 2021 and a new replacement bond was issued in its place.”
• “The second bond with a face value of $1,000,000,000 was issued on 18 January 2018 ... The bond was redeemed in transactions taking place in January 2021 and February 2021 and a new replacement bond was issued in its place.”
• “The third bond with a face value of $1,500,000,000 was issued on 29 January 2021 with an interest rate of 3.950% per annum. The bond will be repaid in full on 29 January 2031.”
• “During the year, the Company redeemed the bonds issued amounting to face value $60,697,000 (June 2024).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +7.9%

  -£29,236,471 → -£26,924,388

• Employees

  —

  Not reported

• Profit before tax

  -91.3%

  £7,500,371 → £651,594

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers