JBS reported net income of US$221 million in the first quarter of 2026, down 56% from US$500 million in the same period of 2025. The company's net revenue grew 11%, reaching US$21.6 billion from January to March. ✓
Press quotes (2)
"Net Income Attributable to JBS³ | $ 221 | $ 500 |"
"A receita líquida somou US$ 21,6 bilhões de janeiro a março, alta de 11% na comparação anual"
The US beef operation — which generated US$7.167 billion in revenue during the period — posted negative EBITDA of US$267 million, with a -3.7% margin. According to the company, the unit faced a "perfect storm" with the lowest cattle availability in one of the most acute phases of the American cattle cycle. ✓
Press quotes (2)
"A JBS Beef North America registrou receita de US$ 7,167 bilhões no 1º trimestre de 2026. O Ebitda dessa unidade foi negativo em US$ 267 milhões. A margem ficou em -3,7%."
"A operação de carne bovina nos EUA enfrentou uma "tempestade perfeita": a menor disponibilidade de gado em meio a uma das fases mais agudas do ciclo pecuário"
Brazilian operations partially offset the negative US results. JBS Brazil achieved record revenue for a first quarter of US$3.78 billion, while Seara maintained an EBITDA margin of 15.5% with revenue of US$2.379 billion. Seara's growth reflected sustained sales in both domestic and export markets, despite facing impacts from the Iran conflict in key Middle Eastern markets. ✓
Press quotes (2)
"A JBS Brasil alcançou receita líquida recorde para um 1º trimestre: US$ 3,78 bilhões"
"A Seara registrou margem Ebitda de 15,5% no 1º trimestre de 2026. A companhia teve US$ 2,379 bilhões em receita líquida"
"We remain firmly focused on operational excellence and adopted an austerity approach to strengthen cash generation," said Gilberto Tomazoni, JBS global CEO. The company maintained balanced leverage at 2.77x and extended the average debt maturity to 15.6 years, with no significant maturities until 2031. ✓
Press quotes (2)
"No 1º trimestre de 2026, permanecemos firmemente focados na excelência operacional... adotamos uma abordagem de austeridade para reforçar a geração de caixa"
"A alavancagem em dólar encerrou o trimestre em um patamar equilibrado de 2,77x"
JBS reported net income of US$221 million in Q1 2026, down 56% versus US$500 million in Q1 2025
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
Brazilian chicken exports to Middle East fell 18.5% in March 2026 due to Iran war
JBS acquired 80% of Oman holding for US$150 million in February 2026 for halal market expansion
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How did the Iran war and Strait of Hormuz closure specifically impact Seara's revenues in the Middle East?
Why it's still unknown: Sources mention that the Iran conflict impacted Seara operations, but don't quantify specific revenue or volume losses for the company
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When does JBS expect the American cattle cycle to normalize and US beef operations to return to profitability?
Why it's still unknown: The company mentions ongoing organizational adjustments but provides no timeline for profitability recovery
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What was the impact of the 80% Oman holding acquisition for US$150 million on first quarter results?
Why it's still unknown: The transaction was announced in February 2026 but there's no breakdown of its impact on reported quarterly results