Business · Companies · 10 hrs ago
JBS third-quarter profit falls 72% to $164 million
JBS reported third-quarter net profit of $164 million, down 72% from the same period a year earlier.
The Brazilian meat company said higher supplies of pork and chicken hurt results, while changes to China’s lower-tariff beef quota affected its operations in Brazil and Australia.
Its US beef unit returned to a positive margin, at 0.3%, after several quarters of losses, as the company saw signs of improvement in cattle supply and strong beef demand.
JBS’s adjusted earnings before interest, taxes, depreciation and amortisation fell 35.6% to $1.181 billion, below analysts’ expectations.
The company’s debt measure rose to 3.54 times, compared with 2.39 times in the third quarter of 2025.
JBS executives said they expect US beef operations to improve in 2027, helped by more cattle from Mexico and a new Chinese export quota.
The company also reported positive, but lower, margins in several other units, including Brazil, Australia and its poultry and pork businesses.
JBS reported third-quarter net profit of $164 million, down 72% from the same period last year.
Adjusted EBITDA was $1.181 billion, down 35.6% and below analysts’ expectation of $1.32 billion.
The company cited challenges across several businesses, including higher pork and chicken supply and the end of a favourable Chinese tariff quota affecting its Brazil and Australia operations.
Its US beef division returned to a positive margin of 0.3% after several quarters of negative margins.
JBS executives said they expect conditions to improve in 2027, particularly in US beef.
- Who
- JBS.
- What
- The company reported third-quarter net profit of $164 million, a 72% decline year on year.
- When
- The results were reported on Monday, November 9. The article identifies the period as the third quarter but does not state its year.
- Where
- JBS operations in several markets, including the United States, Brazil and Australia.
- Why
- JBS faced challenges across several businesses, including higher pork and chicken supply and the end of a favourable Chinese tariff quota affecting its Brazil and Australia operations.
This story does not have two clearly opposing sides.
JBS executives described the year as the most difficult for the company’s US beef business, amid the country’s lowest cattle supply in 75 years.
JBS returned to a positive margin of 0.3% in its US beef unit.
JBS reported third-quarter net profit of $164 million, down 72% year on year.
JBS executives said they expect conditions to improve, citing increased US cattle supply and sales under China’s new quota.
- Net profit
- $164 million
- Year-on-year profit change
- Down 72%
- Adjusted EBITDA
- $1.181 billion, down 35.6%
- Adjusted EBITDA analyst expectation
- $1.32 billion
- US beef margin
- 0.3%
- JBS leverage
- 3.54 times in July to September, compared with 2.39 times in the third quarter of 2025
What people are saying
The United States should have a much better year in 2027 than in 2026. Obviously, we still have to understand how big that difference will be, but we are very enthusiastic about next year.
A very difficult quarter... pork had a lot of supply, chicken also had supply during the quarter... but all our businesses have positive margins.