JBS — Third Quarter 2026 Earnings Summary

JBS N.V. reported third-quarter 2026 net sales of $22.7 billion, representing a 1% increase from the prior year, while adjusted EBITDA under IFRS declined 36% to $1.18 billion. Net income attributable to JBS shareholders fell to $164 million, or $0.15 per share, compared to $581 million and $0.52 per share in the same period last year. The company's leverage ratio increased to 3.54x due to lower operating performance, driven by reduced exports to China and challenging market conditions in the beef and pork sectors. Despite these headwinds, JBS Beef North America returned to positive adjusted EBITDA under US GAAP, and the company expanded its liquidity to $8.2 billion.