JBS reports record revenue of US$86.2 billion and closes 2025 with US$2 billion in net profit
Performance was driven by expanding operating results, greater discipline in resource allocation, and a focus on generating value for shareholders.
JBS reported record net revenue of US$86 billion in its 2025 results, a 12% increase compared to 2024. In Brazilian reais, this amount is close to half a trillion. Net profit grew 15% during the period, consolidating at US$2 billion for the year. The main drivers of these annual results were the operations of Pilgrim's Pride, JBS Australia, and Seara, which experienced strong expansion and value creation.
The year's performance demonstrates the resilience of the Company's global multi-protein and multi-platform strategy, resulting in discipline and agility in different market contexts. JBS reported adjusted IFRS EBITDA of US$6.8 billion and an EBITDA margin of 7.9% for the consolidated year 2025.
“Ending 2025 with 15% revenue growth—the highest in our history—proves the strength and resilience of our diversified platform, both in protein and geographies. At the same time, the 15% increase in profit reinforces the consistency of our execution, sustaining robust margins and our ability to continue generating growth and value for shareholders,” stated Gilberto Tomazoni, Global CEO of JBS.
The solidity of the results throughout 2025 was also reflected in the evolution of the return on equity (ROE), which was 25% in the last 12 months. Compared to the consolidated result of 2024, the indicator advanced 3.2 percentage points.
The performance was driven by the expansion of operating results, greater discipline in resource allocation, and a focus on generating value for shareholders. Earnings per share (EPS ) jumped 15% compared to 2024, closing 2025 at US$1.89.
Dollar leverage ended the year at 2.39 times, in line with the company's long-term target and stable compared to Q3 2025. In addition to this indicator, JBS has a comfortable amortization schedule, with no significant debt maturities foreseen until 2031 and a highly competitive debt cost, with coupons until 2032 positioned below US Treasury rates.
For Guilherme Cavalcanti, JBS Global CFO, the 2025 results demonstrate the company's efficiency and discipline in capital allocation. "Our strategy allowed us to maintain our leverage between 2x and 3x, and work with an extremely long debt profile. This gives us the financial security and liquidity necessary to navigate the volatility of cycles and continue delivering solid returns to our investors." For the year to date, free cash flow totaled US$400 million.
Pilgrim’s Pride: With an EBITDA margin of 15.2% for the year, Pilgrim's Pride continued to grow, supported by the strength of its operations and disciplined management. The fresh meat portfolio benefited from strong demand in the American market, and diversification through branded product offerings achieved a historic milestone with Just Bare, reaching US$1 billion in sales. In the European and Mexican operations, results continued to improve, with factory optimization, management integration, and a better product mix.
JBS Australia: JBS Australia reported an EBITDA margin of 11.3%, reflecting growth in volumes in both the domestic and international markets. The beef segment was the main driver of profitability. Improved prices and volumes offset the 20% increase in cattle costs projected for 2025, according to Meat & Livestock Australia (MLA). The pork and salmon segments also showed better margins, driven by operational execution and increased productivity.
Seara: Seara recorded an EBITDA margin of 16.9% in 2025, driven by the highest export volume in its history, despite temporary restrictions in key markets such as China and Europe, and strong domestic sales performance. The growth in sales and volumes was a result of strong commercial execution, continued brand consolidation, and constant innovation, adding greater value to the portfolio. Among the value-added innovations, the brand launched the Seara Protein line, frozen meals with higher protein content, a line of products for preparation in the Air Fryer, and snacks in partnership with Netflix.
JBS Brasil: With an EBITDA margin of 6.2% for the year, JBS Brasil presented strong revenue growth. Friboi recorded the highest processing volume in its history, reflecting strong demand and expansion in the foreign market, as well as the strength of the brand, solid commercial execution, improved service levels, and the continuous offering of value-added products through Friboi+ in the domestic market. Friboi was once again recognized as Top of Mind, winning in the meat category for the sixth consecutive time and in the barbecue category for the second consecutive time, reinforcing its leadership in Brazil.
Beef North America: In the United States, JBS Beef North America achieved record revenue of US$28 billion in 2025, sustained by strong demand in the United States. The beef sector continues with prices at historically high levels, reflecting the lower availability of animals amidst the current American cattle cycle. The herd is the smallest in 75 years.
Furthermore, imports of live cattle from Mexico faced restrictions starting in May 2025 due to sanitary issues, impacting market supply in the United States.
JBS USA Pork: JBS USA Pork reported record net revenue of $8.4 billion for the year. This performance was driven by strong demand and the expansion of its portfolio of branded and value-added products in the domestic market and also in exports. During the year, the Company announced the expansion of its pre-cooked bacon and breakfast sausage production through the acquisition of a plant in Iowa, as well as the construction of a new unit announced in the same state.
“The Company is delivering growth and value with financial discipline. The high profitability reflects the success of the strategy and the excellent execution of our team,” stated Tomazoni.
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