JBS Reports Revenue Growth Amid Cattle Cost Pressures

JBS concluded the first quarter of 2026 with notable financial performance, achieving a net revenue of $21.6 billion, marking an 11% increase compared to the same period the previous year. The company's net profit stood at $221 million. This growth was primarily driven by operations in Brazil and the consistent performance of Seara across both domestic and international markets.

Within the global protein sector, significant dynamics were observed. In the United States, the beef division faced challenges due to a tight cattle supply and increased acquisition costs, resulting in a negative EBITDA for that unit. This prompted JBS to implement organizational and operational adjustments aimed at simplifying structures and enhancing efficiency.

Meanwhile, JBS USA Pork reported an EBITDA margin of 13.5%, underpinned by domestic demand for affordable proteins and the expansion of its branded and higher value-added product portfolio. Similarly, Seara sustained growth in both the domestic and export markets, despite a more complex operational environment in key regions. The company emphasized investments in brand development, innovation, and the expansion of its high-value product portfolio.

Pilgrim’s Pride demonstrated operational stability despite climate-related challenges during the winter months. The company utilized this period to undertake industrial modernizations and make product mix adjustments aimed at future growth.

In Australia, rising cattle costs also impacted operations, but higher volumes in both domestic and export markets supported revenue. Productivity gains and operational execution were highlighted as key factors supporting margins.

Alongside industrial operations, JBS focused on financial discipline and cash generation, increasing capital expenditures while reinforcing its debt management strategy. The company extended debt maturities and maintained its leverage within its defined target.