Importing , manufacturing & marketing food products
Baladi ended 2025 with stronger profitability, but the more important story is the shift from a short-term-bank-dependent balance sheet to one built around liquidity, equity and longer-dated funding.
Baladi’s Brazil risk is no longer mainly about purchase price or FX. It is about dependence on an approval chain for plants and poultry products that can block supply and force the company to carry a thicker balance-sheet cushion.
Baladi ended 2025 with a real capital-structure reset: much less short-term debt, much more equity, and a long-dated bond layer that now looks like routine funding rather than emergency breathing room.
