$JBS · JBS N.V.
JBS N.V. filed its Q3 FY2026 10-Q. Nine-month revenue rose 8.1% to $68.25B from $63.12B, but net income collapsed 81% to $334.3M from $1.79B. Operating profit fell to $1.60B from $3.21B, driven by a $1.61B gross profit decline to $7.33B. Q3 net income was $188.9M versus $164.4M attributable to shareholders.
- Nine-month net income fell 81% YoY to $334.3M from $1.79B.
- EPS dropped to $0.26 from $1.45 for the nine-month period.
- Operating profit fell to $1.60B from $3.21B YoY.
- Gross profit declined to $7.33B from $8.43B YoY.
- Q3 beef segment Adjusted EBITDA was -$1.9M versus -$41.7M a year earlier.
Extended-hours last trade $12.30, down 6.25% vs the $13.12 regular close, signaling a negative reaction to the sharp profit decline.
An 81% collapse in nine-month net income despite 8% revenue growth signals severe margin compression in JBS's core beef business.
Beef segment losses contrast with Pilgrim's Pride and Seara, which posted positive Adjusted EBITDA, highlighting margin pressure concentrated in North American beef.
Beef segment swung to a Q3 Adjusted EBITDA loss of $1.9M, and finance expense rose to $1.79B from $1.48B, pressuring profitability.