JBS N.V. Q2 FY26 Results

In 2Q26, JBS once again reported a record revenue, reflecting the strength of the Company’s multi-geography and multi-protein platform. Compared to last year, profitability was pressured by a tough comparison base, as the poultry operations had posted record results in 2Q25. Compared to the first quarter, profitability already showed an improvement in the majority of our business units. The quarter recorded a net loss of $102 million, while adjusted net income totaled $218 million, translating into adjusted EPS of $0.20. The main non-recurring items adjusted in net income were: (i) $172 million in premiums, interest, and costs associated with the tender offers for the bond and the CRA (Brazilian local debenture); (ii) antitrust settlements of $133 million; and (iii) the final calculation of the bargain purchase price gain on the acquisition of Mantiqueira Alimentos, totaling $81 million; among others. Leverage ended 2Q26 at 3.1x, slightly above the Company’s long-term target. We also joined the Russell 1000 and Russell 3000 indices, an important milestone that contributes to stock liquidity, expands our shareholder base, and enhances our global visibility. During the quarter, we returned value to our shareholders through a $1 billion dividend payment. Wesley has a track record of success at JBS and knows our business deeply. He started at the ground level of operations, going on to lead JBS Brazil and Seara to excellent results. Over the past three years, he has led JBS in the United States, where we generate more than half of our revenue, building a stronger, more competitive business and delivering important strategic advances across our operations. I’m confident he is the right leader to guide JBS through its next chapter. He understands our business, our culture and our people, and I believe he will continue building on our strong foundation while leading the Company to new opportunities for growth and value creation. It has been an honor to lead this great company over the past eight years. JBS is stronger, more diversified and better positioned for the future than at any point in its history. With a strong leadership team, a clear strategy and exceptional businesses around the world, I believe this is the right time for the Company to begin its next chapter under Wesley’s leadership. I am deeply grateful to our team members, customers, producer partners and shareholders for their trust and support throughout this journey. I wish Wesley every success.

I’m honored to take on this responsibility and build on the extraordinary work accomplished by Tomazoni during his tenure as CEO. Having worked alongside him for more than a decade, Tomazoni and I have built a great working relationship and a shared vision – grounded in the Company’s values. Our priorities remain clear: supporting our team members, serving our customers and producer partners, operating with excellence and creating long-term value for our shareholders. I look forward to working with our teams around the world as we continue building an even stronger JBS