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v3.26.1

Operating segments (Tables) | 6 Months Ended
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Jun. 30, 2026
Disclosure of operating segments [abstract] |
Schedule of Operating Segment | The information by consolidated operational segments is as follows:
Six-month period ended June 30, 2026
| Brazil |  | Seara |  | Beef North America |  | Pork USA |  | Pilgrim’s Pride |  | Australia |  | Total reportable segments |  | All others segments |  | Elimination (*) |  | Total
Revenue from customers | 7,432,115 |  |  | 4,784,375 |  |  | 14,829,280 |  |  | 4,045,338 |  |  | 9,137,540 |  |  | 4,709,421 |  |  | 44,938,069 |  |  | 570,136 |  |  | — |  |  | 45,508,205 |
Intersegment revenue | 941,252 |  |  | 155,292 |  |  | 107,215 |  |  | 65,678 |  |  | 15,063 |  |  | 865 |  |  | 1,285,365 |  |  | 97,357 |  |  | (1,382,722) |  |  | — |
Net revenue | 8,373,367 |  |  | 4,939,667 |  |  | 14,936,495 |  |  | 4,111,016 |  |  | 9,152,603 |  |  | 4,710,286 |  |  | 46,223,434 |  |  | 667,493 |  |  | (1,382,722) |  |  | 45,508,205 |
Adjusted EBITDA (1) | 436,934 |  |  | 749,698 |  |  | (345,039) |  |  | 390,842 |  |  | 952,580 |  |  | 363,488 |  |  | 2,548,503 |  |  | 14,170 |  |  | — |  |  | 2,562,673 |
Six-month period ended June 30, 2025
| Brazil |  | Seara |  | Beef North America |  | Pork USA |  | Pilgrim’s Pride |  | Australia |  | Total reportable segments |  | All others segments |  | Elimination (*) |  | Total
Revenue from customers | 6,201,914 |  |  | 4,173,623 |  |  | 13,133,168 |  |  | 3,976,113 |  |  | 9,200,612 |  |  | 3,589,653 |  |  | 40,275,083 |  |  | 249,093 |  |  | — |  |  | 40,524,176 |
Intersegment revenue | 548,821 |  |  | 142,953 |  |  | 93,517 |  |  | 84,636 |  |  | 13,392 |  |  | 4,666 |  |  | 887,985 |  |  | 74,899 |  |  | (962,884) |  |  | — |
Net revenue | 6,750,735 |  |  | 4,316,576 |  |  | 13,226,685 |  |  | 4,060,749 |  |  | 9,214,004 |  |  | 3,594,319 |  |  | 41,163,068 |  |  | 323,992 |  |  | (962,884) |  |  | 40,524,176 |
Adjusted EBITDA (1) | 359,652 |  |  | 817,485 |  |  | (333,457) |  |  | 500,901 |  |  | 1,477,940 |  |  | 450,534 |  |  | 3,273,055 |  |  | 8,296 |  |  | — |  |  | 3,281,351 |
Three-month period ended June 30, 2026
| Brazil |  | Seara |  | Beef North America |  | Pork USA |  | Pilgrim’s Pride |  | Australia |  | Total reportable segments |  | All others segments |  | Elimination (*) |  | Total
Revenue from customers | 4,171,343 |  |  | 2,466,409 |  |  | 7,708,435 |  |  | 2,054,185 |  |  | 4,614,722 |  |  | 2,564,928 |  |  | 23,580,022 |  |  | 319,558 |  |  | — |  |  | 23,899,580 |
Intersegment revenue | 413,184 |  |  | 93,965 |  |  | 61,495 |  |  | 25,168 |  |  | 8,494 |  |  | 460 |  |  | 602,766 |  |  | 49,147 |  |  | (651,913) |  |  | — |
Net revenue | 4,584,527 |  |  | 2,560,374 |  |  | 7,769,930 |  |  | 2,079,353 |  |  | 4,623,216 |  |  | 2,565,388 |  |  | 24,182,788 |  |  | 368,705 |  |  | (651,913) |  |  | 23,899,580 |
Adjusted EBITDA (1) | 269,242 |  |  | 380,439 |  |  | (78,280) |  |  | 116,726 |  |  | 502,923 |  |  | 230,728 |  |  | 1,421,778 |  |  | 7,564 |  |  | — |  |  | 1,429,342 |
Three-month period ended June 30, 2025
| Brazil |  | Seara |  | Beef North America |  | Pork USA |  | Pilgrim’s Pride |  | Australia |  | Total reportable segments |  | All others segments |  | Elimination (*) |  | Total
Revenue from customers | 3,258,992 |  |  | 2,088,869 |  |  | 6,769,877 |  |  | 2,022,115 |  |  | 4,748,516 |  |  | 1,970,082 |  |  | 20,858,451 |  |  | 139,205 |  |  | — |  |  | 20,997,656 |
Intersegment revenue | 321,761 |  |  | 77,239 |  |  | 35,198 |  |  | 36,971 |  |  | 6,066 |  |  | 2,708 |  |  | 479,943 |  |  | 66,421 |  |  | (546,364) |  |  | — |
Net revenue | 3,580,753 |  |  | 2,166,108 |  |  | 6,805,075 |  |  | 2,059,086 |  |  | 4,754,582 |  |  | 1,972,790 |  |  | 21,338,394 |  |  | 205,626 |  |  | (546,364) |  |  | 20,997,656 |
Adjusted EBITDA (1) | 228,574 |  |  | 391,792 |  |  | (232,984) |  |  | 253,599 |  |  | 817,739 |  |  | 290,179 |  |  | 1,748,899 |  |  | 4,725 |  |  | — |  |  | 1,753,624 |
(*)Includes intercompany and intersegment transactions. (1)The Adjusted EBITDA is reconciled with the consolidated operating profit (loss), as follows:
Schedule of Adjusted EBITDA is Reconciled with the Consolidated Profit (Loss) Before Taxes | The Adjusted EBITDA is reconciled with the consolidated operating profit (loss), as follows:
| Six-month period ended June 30, |  | Three-month period ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Profit (loss) before taxes | 86,609 |  |  | 1,430,601 |  |  | (222,084) |  |  | 736,497 |
Share of profit of equity-accounted investees, net of tax | (14,794) |  |  | (10,556) |  |  | 123,621 |  |  | (7,821) |
Net finance expense | 1,009,781 |  |  | 567,950 |  |  | 695,572 |  |  | 376,404 |
Depreciation and amortization | 1,256,587 |  |  | 1,100,838 |  |  | 639,099 |  |  | 565,194 |
Antitrust agreements (1) | 157,375 |  |  | 133,638 |  |  | 132,731 |  |  | 54,090 |
Donations and social programs (2) | 535 |  |  | 1,132 |  |  | — |  |  | 605 |
Impairment of assets | — |  |  | 12,767 |  |  | — |  |  | 7,105 |
Restructuring (3) | 20,117 |  |  | 21,538 |  |  | 17,334 |  |  | 4,536 |
Fiscal payments and installments (4) | 9,605 |  |  | 2,378 |  |  | 9,605 |  |  | 2,378 |
Avian influenza | — |  |  | 5,612 |  |  | — |  |  | 5,612 |
Closure of plants (5) | 24,142 |  |  | — |  |  | 24,142 |  |  | — |
Other operating income (expense), net (6) | 12,716 |  |  | 15,453 |  |  | 9,322 |  |  | 9,024 |
Total Adjusted EBITDA for operating segments | 2,562,673 |  |  | 3,281,351 |  |  | 1,429,342 |  |  | 1,753,624 |
(1)Refers to the Agreements entered by JBS USA and its subsidiaries. (2)Refers to the donations, substantially composed of the Fundo JBS pela Amazônia. (3)Refers to the project implementation of multiple restructuring initiatives mainly in the indirect subsidiary Pilgrim’s Pride Corporation (PPC), which are registered as Other expenses, as well as other non-significant restructuring projects that are registered as General and administrative expenses. (4)Refers to the special payment program for installment plans of tax proceedings with exemption from fines and reduction of interest of the indirect subsidiary JBS S.A. (5)Refers to the costs associated with the permanent closure of the Memphis, Souderton, and Chattanooga plants, owned by the indirect subsidiary JBS USA. (6)Refers to several adjustments basically in JBS USA’s jurisdiction such as third-party advisory expenses related to acquisitions, insurance recovery, among others.
Schedule of Net Revenue and Total Assets Based on Geography | The net revenue and total assets are present below segregated by geographic area considering facilities location as additional information.
Six-month period ended June 30, 2026
| United States of America (2) |  | Mexico and Canada |  | Brazil (3) |  | Australia |  | Europe |  | Minor regions |  | Total |  | Intercompany elimination (1) |  | Total
Net revenue | 22,699,788 |  |  | 3,170,995 |  |  | 12,676,481 |  |  | 4,016,454 |  |  | 4,576,963 |  |  | 630,162 |  |  | 47,770,843 |  |  | (2,262,638) |  |  | 45,508,205 |
Six-month period ended June 30, 2025
| United States of America (2) |  | Mexico and Canada |  | Brazil (3) |  | Australia |  | Europe |  | Minor regions |  | Total |  | Intercompany elimination (1) |  | Total
Net revenue | 21,125,919 |  |  | 2,962,295 |  |  | 10,912,648 |  |  | 3,158,731 |  |  | 3,125,191 |  |  | 224,902 |  |  | 41,509,687 |  |  | (985,511) |  |  | 40,524,176 |
Three-month period ended June 30, 2026
| United States of America (2) |  | Mexico and Canada |  | Brazil (3) |  | Australia |  | Europe |  | Minor regions |  | Total |  | Intercompany elimination (1) |  | Total
Net revenue | 11,781,407 |  |  | 1,568,270 |  |  | 6,692,802 |  |  | 2,157,651 |  |  | 2,924,521 |  |  | 443,418 |  |  | 25,568,069 |  |  | (1,668,489) |  |  | 23,899,580 |
Three-month period ended June 30, 2025
| United States of America (2) |  | Mexico and Canada |  | Brazil (3) |  | Australia |  | Europe |  | Minor regions |  | Total |  | Intercompany elimination (1) |  | Total
Net revenue | 10,846,470 |  |  | 1,546,390 |  |  | 5,793,475 |  |  | 1,722,484 |  |  | 1,663,479 |  |  | 134,644 |  |  | 21,706,943 |  |  | (709,287) |  |  | 20,997,656 |
June 30, 2026
| United States of America (2) |  | Mexico and Canada |  | Brazil (3) |  | Australia |  | Europe |  | Minor regions |  | Total |  | Intercompany elimination (1) |  | Total
Total assets | 13,605,097 |  |  | 3,307,372 |  |  | 16,288,433 |  |  | 4,170,094 |  |  | 8,761,020 |  |  | 468,570 |  |  | 46,600,586 |  |  | (762,210) |  |  | 45,838,376 |
December 31, 2025
| United States of America (2) |  | Mexico and Canada |  | Brazil (3) |  | Australia |  | Europe |  | Minor regions |  | Total |  | Intercompany elimination (1) |  | Total
Total assets | 13,940,917 |  |  | 5,468,199 |  |  | 15,934,286 |  |  | 4,350,848 |  |  | 14,340,561 |  |  | 435,728 |  |  | 54,470,539 |  |  | (9,314,053) |  |  | 45,156,486 |
(1)Includes intercompany and intersegment transactions. (2)Amounts previously disclosed under the 'North and Central America' geographic area are now presented disaggregated into two distinct geographic areas: 'United States of America' and 'Mexico and Canada'. This disaggregation was performed retrospectively for information comparability purposes. (3) Amounts previously disclosed under the 'South America' geographic area are now presented on a disaggregated basis, with Brazil presented as a separate geographic area, while the remaining countries in the region are now grouped under 'Minor regions'. Prior-period information has been presented on a consistent basis for comparability purposes.

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