Jbs N.v.
A Brazilian meat-processing giant and one of the world's largest producers of beef, poultry, and pork, selling under familiar brands like Swift, Pilgrim's Pride, and Seara to grocers and restaurants around the globe. It began in 1953 as a small butcher shop in Anápolis, Brazil, opened by José Batista Sobrinho, who supplied meat to workers building the new capital, Brasília. The company's name comes from the founder's initials, JBS.
10-Q · Quarter ended Jun 30, 2026 · SEC filing ↗
The Beef North America remained deeply unprofitable. rose 15.7% to $23.1 billion, but fell 68.7% to $374 million as a 16.5% increase in raw material costs, led by record cattle prices, compressed margins to 1.6%. The company's core profitability challenge is unchanged, and debt has climbed to $22.7 billion.
Net income fell 87% to $145M on record cattle costs and higher interest, despite 12% revenue growth driven by price and volume gains.
We are exposed to various market risks arising from our normal business activities. These market risks, which are beyond our control, primarily involve the possibility that changes in interest rates, inflation, exchange rates and commodity prices will adversely affect the value…
We are exposed to various market risks arising from our normal business activities. These market risks, which are beyond our control, primarily involve the possibility that changes in interest rates, inflation, exchange rates and commodity prices will adversely affect the value of our financial assets and liabilities or future cash flows and earnings. Our risk management strategy is designed to mitigate the financial impact derived from our exposure to market risks, and accordingly, we have used and may continue to use interest rate, exchange rates and commodity derivative instruments, cash and receivables to mitigate these market risks. Our hedging activities are governed by a financial risk management department, which follows corporate governance standards and guidelines for our company that are established by our risk management committee and approved by our board of directors. 86 Table of Contents For more information about our risk management, see note 25 to our unaudited interim financial statements, which are included in Part I, Item I of this Quarterly Report, and note 27 to our audited financial statements, which are included in our Form 20-F.
Read original filing text →The information required with respect to this item can be found in Part I, Item 1, “Note 19. Provisions for legal proceedings” in this Quarterly Report and is incorporated by reference into this Part II, Item 1.
The information required with respect to this item can be found in Part I, Item 1, “Note 19. Provisions for legal proceedings” in this Quarterly Report and is incorporated by reference into this Part II, Item 1.
Read original filing text →For a discussion of our potential risks and uncertainties, please see “Item 3. Key Information—D. Risk Factors” and “Part I—Item 5—Operating and Financial Review and Prospects” in our Form 20-F and “Part I—Item 2—Management’s Discussion and Analysis of Financial Condition and Re…
For a discussion of our potential risks and uncertainties, please see “Item 3. Key Information—D. Risk Factors” and “Part I—Item 5—Operating and Financial Review and Prospects” in our Form 20-F and “Part I—Item 2—Management’s Discussion and Analysis of Financial Condition and Results of Operations” herein, in each case as updated by our periodic filings with the SEC. There have been no material changes to the risk factors previously disclosed in our Form 20-F.
Read original filing text →