JBS Reports US$221 Million Net Income in the First Quarter of 2026

JBS, one of the world's largest food companies, reported a net income of US$221 million in the first quarter of 2026, on net revenue of US$21.6 billion, marking an 11% increase from the prior year. The company also posted an adjusted EBITDA of US$1.13 billion and a strong Return on Equity (ROE) of 22.1%, while maintaining its dollar-denominated leverage at a balanced 2.77x. This robust performance was primarily driven by strong operations in JBS Brazil and the consistent performance of its Seara business unit, bolstered by resilient global demand, which collectively helped to offset significant challenges from the North American cattle cycle. Management emphasized an austerity approach focused on operational excellence and cash generation, despite a 20% increase in Capital Expenditure (CapEx) to US$2.4 billion and typical seasonal cash flow consumption due to supplier payments. The company's CFO highlighted that a solid financial position and active Liability Management strategy provide crucial protection against market volatility.