# JBS N.V

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/JBS N.V).

## Overview

JBS N.V. is a Netherlands-incorporated holding company for a global animal-protein group processing and marketing beef, pork, lamb, poultry, prepared foods and plant-based products. Its integrated businesses also include leather, collagen, hygiene and beauty products, metal packaging, biodiesel and other value-chain activities across Brazil, the United States, Canada, Mexico, Australia, the United Kingdom, Argentina and Uruguay.

## Products & services

• Beef processing and fresh beef products
• Pork processing and prepared pork foods
• Poultry and prepared poultry products
• Lamb, prepared foods and plant-based proteins
• Leather, collagen and animal by-products
• Metal packaging, biodiesel and related products

- **Beef North America** (30%) — JBS USA beef processing, by-products, value-added meats and European plant-based products.
- **Pork USA** (20%) — Fresh pork, case-ready products, prepared foods and pork-processing inputs.
- **Poultry** (20%) — Chicken and other poultry products sold through brands including Pilgrim's and Moy Park.
- **Brazil and international animal proteins** (20%) — Beef, pork, poultry and lamb processing and marketing across Brazil and other markets.
- **Value-added and complementary businesses** (10%) — Prepared foods, leather, collagen, packaging, biodiesel and related products.

- Beef processing and fresh beef products
- Pork processing and prepared pork foods
- Poultry and prepared poultry products
- Lamb, prepared foods and plant-based proteins
- Leather, collagen and animal by-products
- Metal packaging, biodiesel and related products

## Customers

JBS sells fresh and processed animal proteins to retailers, foodservice operators, wholesalers, distributors and further processors. Retail customers purchase branded, private-label and case-ready products, while further processors use pork cuts, trimmings and by-products in bacon, sausage, deli meats, pet food, feed and other applications. The group also serves industrial customers requiring leather, collagen, packaging, biodiesel and other animal-protein value-chain outputs.

- **Retailers and supermarkets** (primary) — Buy fresh, frozen, prepared and case-ready meat for consumer sale.
- **Foodservice and distributors** (primary) — Purchase portioned, branded and prepared proteins for restaurants and institutions.
- **Further food processors** (primary) — Use pork cuts, hams, bellies and trimmings in bacon, sausage and deli products.
- **Industrial and ingredient buyers** (secondary) — Buy leather, collagen, by-products, packaging and biodiesel inputs.
- **Feed, fertilizer and pet food companies** (secondary) — Use animal by-products and rendered materials in formulation and manufacturing.

- Retailers buy branded, private-label and case-ready meat products
- Foodservice customers purchase portioned and prepared proteins
- Further processors use pork cuts, hams, bellies and trimmings
- Industrial buyers use leather, collagen and animal by-products
- Feed, fertilizer, pet food and automotive industries buy by-products

## Geography

JBS N.V. operates an integrated production and marketing network spanning Brazil, the United States, Canada, Mexico, Australia, the United Kingdom, Argentina and Uruguay. North American operations include JBS USA beef and pork activities, while Brazil remains an important base for beef and other animal-protein operations. International facilities and export channels connect production regions with retail, foodservice and industrial customers worldwide; the available excerpts do not provide country-level revenue percentages.

- **Brazil** — Material operating geography disclosed, but no revenue share provided.
- **United States** — Material operating geography disclosed, but no revenue share provided.
- **Canada** — Operating geography disclosed, but no revenue share provided.
- **Mexico** — Operating geography disclosed, but no revenue share provided.
- **Australia** — Operating geography disclosed, but no revenue share provided.
- **United Kingdom** — Operating geography disclosed, but no revenue share provided.
- **Argentina** — Operating geography disclosed, but no revenue share provided.
- **Uruguay** — Operating geography disclosed, but no revenue share provided.

- Brazil supports beef processing and broader animal-protein operations
- United States includes major beef, pork and prepared-food businesses
- Canada and Mexico extend North American processing and distribution
- Australia, Argentina and Uruguay add livestock and protein operations
- United Kingdom supports poultry and international food businesses
- Exports expose results to prices, trade rules and currency movements

## Strategy

JBS's strategy is built around geographic diversification, vertical integration and a broad portfolio spanning commodity proteins, branded foods and complementary value-chain businesses. The group uses brands such as Seara, Pilgrim's, Moy Park, Friboi, Swift and Primo to serve multiple channels while adding value through prepared foods, by-products and industrial applications. Environmental supplier monitoring, resource management and sustainability-linked financing support operating resilience and stakeholder access.

- **Portfolio and geographic diversification** (long-term) — Multiple proteins and countries reduce dependence on one market or species cycle.
- **Value-added and branded foods** (medium-term) — Prepared, case-ready and branded products deepen customer relationships beyond commodity sales.
- **Value-chain integration** (long-term) — By-product and adjacent businesses improve resource utilization and broaden revenue sources.
- **Environmental and sourcing controls** (medium-term) — Supplier traceability and emissions performance affect market access, financing and reputation.

- Diversify across beef, pork, poultry, lamb and prepared foods
- Use global production assets to balance regional protein cycles
- Expand branded and case-ready products with higher customer specificity
- Monetize by-products through leather, collagen, feed and fertilizer
- Maintain supplier monitoring for environmental and sourcing risks
- Link selected financing terms to greenhouse-gas reduction targets

## Risks

JBS's earnings are exposed to livestock and raw-material prices, domestic and export meat prices, consumer demand and foreign-exchange movements across its operating countries. The business also faces biosecurity, climate, environmental-sourcing, labor and regulatory risks because it relies on large processing networks and agricultural supply chains. Leverage, interest rates, antitrust matters and sustainability-linked financing requirements can further affect cash flows, financing costs and stakeholder confidence.

- **Protein price and raw-material volatility** [high] — Meat prices and livestock input costs can move independently, changing processing economics.
- **Foreign-exchange volatility** [high] — Operations and sales span currencies including the Brazilian real, U.S. dollar and other local currencies.
- **Trade and export disruption** [high] — Fresh and processed products depend on export approvals, tariffs and market access.
- **Animal disease and biosecurity** [high] — Disease outbreaks can restrict movement, reduce supply and interrupt processing facilities.
- **Environmental and supplier compliance** [high] — Deforestation, emissions or traceability failures can lead to penalties, lost customers or financing costs.
- **Debt and interest-rate exposure** [high] — The group uses substantial debt financing, including revolving facilities and sustainability-linked notes.
- **Labor and plant operations** [medium] — Labor disputes, wage inflation or staffing shortages can reduce plant utilization and increase costs.

- Livestock and raw-material price changes can compress processing spreads
- Export restrictions and tariffs can disrupt international protein sales
- Currency movements affect translated earnings and cross-border costs
- Disease outbreaks can reduce livestock availability and raise costs
- Environmental sourcing failures can damage market access and reputation
- Labor disruption and rising labor costs can impair plant utilization

## Accounting

Revenue is generated primarily from sales of fresh, frozen, processed and prepared products, making shipment volumes, customer terms and the timing of transfer of control important to reported revenue. Goodwill impairment testing is highly judgmental because recoverable values depend on projected growth, margins, capital expenditure, working capital, terminal growth and discount rates for cash-generating units such as Brazil Beef and USA Pork. Analysts should also monitor foreign-currency translation, inventory valuation, provisions and sustainability-linked debt terms because operational volatility can affect both reported earnings and liabilities.

- **Goodwill impairment** — Changes in assumptions can produce material non-cash impairment charges.
- **Revenue recognition** — Shipment timing and customer terms affect quarterly revenue comparability.
- **Inventory valuation** — Price changes can affect cost of sales, inventory balances and margins.
- **Foreign-currency translation** — Exchange movements affect reported revenue, assets, liabilities and equity.
- **Sustainability-linked debt accounting** — Failure to meet targets may increase future interest expense.
- **Provisions and contingencies** — Changes in probability or settlement estimates can affect expenses and liabilities.

- IFRS 15 timing affects recognition when meat products transfer to customers
- Inventory valuation reflects livestock, raw-material and finished-product prices
- Goodwill tests use forecasts, terminal growth and discount rates
- Brazil Beef and USA Pork are significant goodwill-testing cash units
- Currency translation affects consolidated assets, liabilities and earnings
- Debt terms may change interest expense if sustainability targets are missed

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*Last updated: 2026-09-24T11:21:54.434131+00:00*