JBS NV is finally seeing some recovery in its US beef business, but the improvement wasn’t enough to outweigh the impact of China’s import restrictions on the world’s largest meatpacker. Weaker results in Brazil and Australia dragged third-quarter profits lower, as both countries hit an annual quota limit for shipments into China earlier this year.
Overall, JBS reported adjusted Ebitda fell 36% to $1.18 billion, below analyst estimates of $1.33 billion. The company’s shares slumped as much as 7.4% in after-hours trading Monday in New York. JBS’s Brazil unit saw a 54% drop in adjusted earnings before items such as interest and taxes.
The weaker performance came despite some positive signs in the company’s US beef business, which booked adjusted losses of $2 million before items including interest and taxes, narrower than the $42 million loss in the same period of 2025. Meanwhile, the net debt to adjusted Ebitda ratio jumped to 3.5 times, from 2.4 a year earlier.
JBS also announced a deal with its controlling shareholder J&F Group to acquire full ownership of cosmetics and personal care business Flora for $542 million.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing