From Poder360 · Gabriel Lopes · · 1m 40s
JBS Profit Falls 71.7% in Q3 2026
JBS profit drops 71.7% to $164.4 million in Q3 2026 amid rising costs and export pressures.
In brief
JBS profit drops 71.7% to $164.4 million in Q3 2026 amid rising costs and export pressures. JBS reported a 71.7% drop in Q3 2026 profit to $164.4 million due to higher beef costs and export commitments to China. Originally reported by Poder360.
JBS Q3 2026 Results
JBS reported revenue of $22.7 billion in Q3 2026, a 0.6% increase from Q3 2025.
Profit Decline
Net profit fell 71.7% to $164.4 million, down from $425 million a year ago.
Ebitda Drop
Adjusted Ebitda dropped 35.6% to $1.18 billion, with a 5.2% margin.
Cost Drivers
Higher beef costs in North America and Brazil impacted profits.
Export Commitments
JBS fulfilled 2026 export commitments to China, affecting Q3 2026 results.
Swine Market
Global pork surplus contributed to lower profits.
Regional Performance
JBS Brazil saw a 54% drop in adjusted Ebitda to $141.2 million.
JBS USA Pork
JBS USA Pork reported a 83% decline in adjusted Ebitda to $37 million.
Seara Performance
Seara had a 2.5% increase in adjusted Ebitda to $330.6 million with a 13.2% margin.
North America Performance
JBS North America reported positive adjusted Ebitda of $21.4 million.
Cash Flow
Free cash flow was negative $167.4 million, down from positive $383.5 million a year ago.
Leverage Increase
Leverage rose to 3.54x, up from 2.39x in Q3 2025 and 3.10x in Q2 2026.
Debt Details
Debt was $19.3 billion with a 14.4-year average maturity and $8.2 billion liquidity.
Management Statement
Tomazoni noted constructive market dynamics for Q4 2026 with stronger Chinese demand.
The takeaway
JBS reported a 71.7% drop in Q3 2026 profit to $164.4 million due to higher beef costs and export commitments to China.
