JBS reports US$20.9B in Q2 revenue

BRAZIL – JBS has reported net revenue of US$20.9 billion in the second quarter of 2025, representing an 8.9 percent increase compared with the same period last year.

The rise was supported by its poultry businesses Seara and Pilgrim’s, which continue to anchor the company’s strategy of operating across multiple proteins and geographies.

From April to June, Seara achieved an adjusted EBITDA margin of 18.1 percent, while Pilgrim’s delivered 17.2 percent, reflecting solid operational results.

Quarterly net income climbed 60.6 percent year-over-year to US$528 million, and adjusted EBITDA reached US$1.7 billion with a margin of 8.4 percent.

According to the company, 75 percent of its sales in the quarter came from domestic markets, while 25 percent were exports, with CEO Gilberto Tomazoni pointing to diversification as a way to offset fluctuations in protein cycles.

Demand for poultry, particularly in the United States where households are eating more meals at home, contributed to performance, while beef and pork outcomes varied by region.

Seara continued to perform despite Brazil’s temporary avian flu concerns, with the World Organization for Animal Health declaring the country free of the disease in June.

Pilgrim’s operations in the United States, Mexico and Europe benefited from strong consumer demand and lower feed costs.

JBS Australia reported gains from better beef supply and aquaculture improvements, while JBS Brazil focused on commercial strategies to balance supply and demand.

The pork unit and JBS Beef North America faced mixed conditions, though the company expects improvements in the coming quarters as it expands value-added products.

At the end of June, JBS held US$3 billion in cash and US$3.4 billion in revolving credit lines, allowing it to cover debt maturities through 2032.

Investment activity in the United States

During the first half of the year, JBS announced US$135 million for a new sausage plant in Perry, Iowa, and US$200 million for upgrades to beef plants in Texas and Colorado.

It is also building a US$400 million prepared foods facility in Georgia through Pilgrim’s, while last week it committed US$100 million to acquire and expand a plant in Iowa that will become its largest U.S. bacon and ready-to-eat sausage facility.

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