JBS Reports Third Quarter 2026 Results
Key Highlights
- ➤Net sales $22.7 billion, up 1% year over year
- ➤IFRS adjusted EBITDA $1,181 million, down 36% year over year
- ➤Adjusted EPS $0.16, versus $0.54 year over year
- ➤Net leverage increased to 3.54x from 2.39x year over year
- ➤Revolving credit facility increased to $4.2 billion; liquidity reached $8.2 billion
Expert Statements
Gilberto Tomazoni, Global CEO of JBS
“In 3Q26, JBS faced a more challenging operating environment across several of its business units. The weaker operating performance resulted in an increase in leverage to 3.54x. JBS Beef North America returned to positive adjusted EBITDA under US GAAP, supported by better market conditions and continued improvements in operational integration, commercial execution and industrial efficiency. JBS Brazil’s third-quarter performance was impacted by lower exports to China following the completion of the 2026 quota. At the beginning of the fourth quarter Chinese demand strengthened as the market began positioning for the 2027 quota. The Brazilian domestic market also enters a seasonally stronger consumption period. Together, JBS Beef North America and JBS Brazil are showing more constructive market dynamics at the beginning of the fourth quarter.”
JBS N.V. (NYSE: JBS; B3: JBSS32) announces today its 3Q26 results. The numbers reported herein are in US dollars, in accordance with International Financial Reporting Standards (IFRS), unless otherwise specified.
(in millions, except per share data) Third QuarterNine Months Ended 2026202520262025 Net Sales$ 22,738$ 22,597$ 68,246$ 63,121 Adjusted EBITDA (IFRS)¹ ²$ 1,181$ 1,835$ 3,744$ 5,116 Adjusted EBITDA (USGAAP)¹ ³$ 1,001$ 1,624$ 3,174$ 4,305 Adjusted Operating Income (IFRS)¹ ²$ 521$ 1,251$ 1,827$ 3,431 Adjusted Operating Income (USGAAP)¹ ³$ 597$ 1,276$ 2,007$ 3,309 Net Income Attributable to JBS²$ 164$ 581$ 283$ 1,609 Earnings Per Share Attributable to JBS²$ 0.15$ 0.52$ 0.26$ 1.45 Adjusted Earnings Per Share Attributable to JBS¹ ²$ 0.16$ 0.54$ 0.48$ 1.57 Twelve Months Ended 3Q26 3Q25 Leverage (Net Debt / Adjusted EBITDA LTM)¹ ² 3.54x 2.39x Interest Coverage (Adjusted EBITDA LTM / Net Interest Expenses LTM)¹ ² 4.34x 6.84x ROE LTM ¹ ² 8.2% 23.7% ROIC LTM ¹ ² 11.1% 16.7% (1) Reconciliations for non-GAAP measures are provided in subsequent sections within this release. (2) IFRS (3) USGAAP (non-audited)
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