JBS · JBS N.V.

JBS N.V.'s 2025 performance was marked by record revenue of $86 billion, achieved amidst a complex global operating environment. The company attributes this resilience to its diversified platform across proteins, geographies, and channels, which is designed to navigate industry cycles and supply-demand imbalances. A pivotal strategic milestone was the completion of a dual listing in the United States and Brazil, which the company states has strengthened its global positioning, expanded its investor base, and improved market visibility and liquidity. Management highlights a structural, long-term trend in global food consumption, with protein demand growing due to its association with health, energy, and well-being, even as overall calorie intake stabilizes. To capitalize on this shift, JBS is executing a clear growth strategy. This includes the acquisition of Mantiqueira, entering the table egg category to expand affordable protein access, and a $135 million investment in a new breakfast sausage facility in Perry, Iowa, aimed at capturing growth in breakfast occasions. The company's outlook emphasizes continuing to strengthen its existing model by improving productivity, expanding its value-added product portfolio, and deepening customer connections, rather than pursuing a reinvention.