The stock may react positively to the record revenue and improved global positioning from the dual listing, despite the EBITDA decline. Investors should monitor the Beef North America segment's ability to manage cattle price pressures and the integration of new acquisitions like Mantiqueira for future growth potential.
Price Chart
Executive Summary
JBS N.V. filed its 2025 annual report, highlighting record revenue of $86.2 billion and net income of $2.2 billion, driven by strong performance across segments and strategic investments. The company completed its dual listing on the NYSE and B3, enhancing global visibility and liquidity. Despite a significant loss in its Beef North America segment due to high cattle prices, overall results were positive, with growth in other segments like Pilgrims Pride and Australia. The filing also details ongoing sustainability initiatives and governance updates.
Key Facts
- Record revenue of $86.2 billion in 2025, up 11.7% YoY
- Net income of $2.2 billion, up 13.3% YoY
- Adjusted EBITDA of $6.8 billion, down 5% YoY
- Beef North America segment reported a $319.5 million loss due to high cattle prices
- Pilgrims Pride segment grew Adjusted EBITDA by 3.7% to $2.8 billion
- Australia segment Adjusted EBITDA grew 37.9% to $916 million
- Completed dual listing on NYSE and B3 in June 2025
- Announced $150 million investment in Oman multiprotein platform
- Acquired 50% stake in Mantiqueira, entering egg sector
Financial Impact
Revenue increased by $9 billion, net income increased by $262 million, but Adjusted EBITDA decreased by $360 million
Risk Factors
- High cattle prices continue to pressure Beef North America margins
- Geopolitical tensions in Middle East could impact Oman investment
- Regulatory scrutiny on environmental and labor practices
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-044089 |
| Document: ea0286401-6k_jbsnv.htm | 0001213900-26-044089 |
| Document: 0001213900-26-044089-index-headers.html | 0001213900-26-044089 |
| Document: 0001213900-26-044089-index.html | 0001213900-26-044089 |
| Document: 0001213900-26-044089.txt | 0001213900-26-044089 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | EFFECT | $12.42 | awaiting T+20 | — | $12.39 (−0.24%) |
Sep 15, 2026 5w ago | 8-K | $12.22 $13.02 | ▲ +6.55% | ▲ +4.48% | $12.39 (+1.39%) |
Aug 18, 2026 9w ago | 425 / 8-K | $13.75 $12.06 | ▼ −12.29% | ▼ −10.34% | $12.39 (−9.89%) |
Aug 10, 2026 11w ago | 8-K | $13.02 $12.58 | ▲ +3.38% | ▲ +2.32% | $12.39 (+4.84%) |
Aug 10, 2026 11w ago | Press Release | $13.02 $12.58 | ▲ +3.38% | ▲ +2.32% | $12.39 (+4.84%) |
Aug 7, 2026 11w ago | 6-K | $14.23 $13.03 | ▼ −8.43% | ▼ −8.04% | $12.39 (−12.93%) |
Aug 5, 2026 11w ago | 6-K | $13.69 $13.14 | ▼ −4.02% | ▼ −4.62% | $12.39 (−9.50%) |
Jul 31, 2026 12w ago | 6-K | $13.76 $13.44 | ▼ −2.33% | ▼ −3.56% | $12.39 (−9.96%) |
Jun 15, 2026 19w ago | 6-K | $12.19 $11.80 | ▼ −3.20% | ▼ −2.45% | $12.39 (+1.64%) |
May 14, 2026 23w ago | 6-K | $12.94 $12.54 | ▼ −3.11% | ▼ −2.25% | $12.39 (−4.27%) |
US Market Status
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