Meat processor JBS is announcing financial results for the fourth quarter and full year ended Dec. 31, 2025, which included record net revenue of $86 billion, an increase of 12% compared to 2024. Net income for the full year 2025 grew 13%, reaching $2 billion. The strong performance was driven primarily by Pilgrim’s Pride Corp., JBS Australia and Seara, all of which delivered significant organic growth and value creation.

JBS reported adjusted EBITDA under IFRS of $6.8 billion, with an EBITDA margin of 7.9% for the full year.

JBS USA beef and pork

JBS Beef North America reported record revenue of $28 billion, supported by strong US demand, as the beef sector faces historically high cattle prices due to reduced availability amid the current US cattle cycle — the smallest herd in 75 years. Additionally, imports of live cattle from Mexico were restricted beginning in May 2025 due to the New World screwworm outbreak, further tightening supply.

JBS USA Pork reported record net revenue of $8.4 billion, driven by strong domestic demand and growth in branded and value-added products. During the year, the company announced expansion of its pre-cooked bacon and breakfast sausage capacity through the construction of a new plant and the acquisition of a facility, both in Iowa.

“Our performance this year reflects our focus on commercial execution, operational excellence and the strength of our brands,” said Gilberto Tomazoni, global CEO of JBS .

Pilgrim’s Pride

Pilgrim’s Pride delivered an EBITDA margin of 15.2% for the year, supported by strong operational performance and disciplined management. Pilgrims’ fresh portfolio benefited from robust US demand, while diversification through branded products reached a milestone as Just Bare surpassed $1 billion in sales. In Europe and Mexico, results improved due to plant optimization, management integration and a stronger product mix.

JBS Australia

JBS Australia reported an EBITDA margin of 11.3%, driven by higher volumes in both domestic and export markets. Beef was the primary contributor to profitability. Improvements in prices and volumes offset a 20% increase in cattle costs in 2025, according to Meat & Livestock Australia. Pork and seafood also saw margin expansion through operational execution and productivity gains.

Brazil

Brazil-based Seara achieved an EBITDA margin of 16.9%, supported by the highest export volume in its history — despite temporary restrictions in key markets such as China and Europe — and strong domestic performance. Growth in sales and volume was driven by commercial execution, brand consolidation and continuous innovation that added value to the portfolio.

JBS Brazil delivered strong revenue growth with an EBITDA margin of 6.2%. Friboi reached the highest processing volume in its history, supported by strong demand, expanded export markets, brand strength, improved service levels and continued growth of value-added products through Friboi+ in the domestic market. Friboi was again recognized as Top of Mind, winning the meat category for the sixth consecutive year and the barbecue category for the second year.

Source: JBS