The company said growth was broad-based across all business units, underscoring the resilience of its global multiprotein operations. However, profitability declined as elevated cattle prices, higher input costs and inventory inflation weighed on margins.
IFRS Adjusted EBITDA fell 15% to US$1.84 billion, while Adjusted Operating Income dropped 22% to US$1.25 billion. Net income attributable to shareholders was US$581 million, down from US$693 million a year earlier.
In terms of regional performance, JBS Beef North America reported record sales but posted negative EBITDA as high cattle costs outpaced pricing. Pilgrim’s Pride delivered steady growth, with strong U.S. prepared foods sales and ongoing expansion of key customer partnerships. JBS Brazil saw robust export-led sales growth, with higher international volumes and pricing partly offset by rising cattle costs domestically. Seara achieved the highest export volumes in its history despite temporary export restrictions following a single avian influenza case in Brazil. JBS Australia delivered strong profitability, driven by beef exports and improved performance in pork and fish.
