Adjusted EBITDA for the period was US$1.3 billion with growth of 212% year-on-year, while the margin grew to 7.2%. JBS ended the quarter with net profit of US$332.3 million.

JBS Beef North America saw net sales grow by 6% year-on-year to US$5.6 billion while adjusted EBITDA was a loss of US$9.8 million and the EBITDA margin was down to -0.2%. JBS USA Pork reported a net sales increase of 6% to US$1.4 billion and an adjusted EBITDA improvement of 603% to US$313 million, while the margin grew to 16.4%.

JBS Australia had net sales of US$1.4 billion, up 4%, with adjusted EBITDA of US$124 million and a margin up to 8.6%. Meanwhile, PPC was up 5% in net sales to US$4.4 billion while adjusted EBITDA grew 86% to US$501 million with a margin up to 11.5%.

SEARA saw net sales grow by 5% to US$2.1 billion and adjusted EBITDA climb 751% to US$241 million, with a margin up 10.1 pp to 11.6%. Finally, JSB Brasil had net sales of US$2.9 billion, up 22% year-on-year, with adjusted EBITDA up 128% to US$120 million and the margin up to 4.5%.

CEO Gilberto Tomazoni said: “The strength of our results once again highlights the importance of our geographical and protein diversification In a traditionally weaker quarter for the global protein industry, the beef businesses in Brazil and Australia captured cattle cycle highs in both countries, while U.S. beef continues to experience weaker margins due to where we are in the region’s cattle cycle and seasonal conditions, as previously noted.”