JBS N.V. (JBS)

JBS N.V. is a Netherlands-incorporated holding company, headquartered in Amstelveen, that sits above JBS S.A. and its subsidiaries. It describes itself as the largest protein company and one of the largest food companies in the world by net revenue. The group was founded in 1953 in Anápolis, Goiás, Brazil, as a small slaughterhouse. It grew through organic expansion and acquisitions, including Swift, Pilgrim's Pride (PPC), Seara, Moy Park, Cargill's U.S. pork business, Primo Smallgoods, Huon Aquaculture and TriOak Foods, and in 2025 it entered the egg sector through Mantiqueira. In 2025 it reported net revenue of US$86.2 billion, net income of US$2.2 billion and Adjusted EBITDA of US$6.8 billion. Its shares trade as BDRs on B3 and as Class A Common Shares on the NYSE following a 2025 corporate restructuring.

The company prepares, packages and delivers fresh, frozen, value-added and branded beef, poultry, pork, fish, lamb and egg products. It reports seven business segments. The text describes three of them: Brazil (slaughter, cold storage, meat processing, and by-products such as leather and collagen; US$15.3 billion revenue), Seara (chicken and pork processing and value-added foods; US$9.2 billion revenue), and Beef North America (JBS USA beef processing, by-product sales and value-added products such as pizza toppings, plus plant-based businesses in Europe). Brands include Swift, Pilgrim's Pride, Just Bare, Gold'n Plump, Seara, Friboi, Mantiqueira, Great Southern, Moy Park, Primo, Rivalea, Huon and Beehive. By capacity it ranks as the largest global beef producer (over 78,000 head of cattle per day) and poultry producer (over 14.0 million chickens per day), and the second-largest pork producer (over 149,000 hogs per day). It also leads in lamb, regional fish and Brazilian table eggs.

It sells to more than 330,000 customers in about 197 countries on six continents, mainly retailers (supermarkets, club stores) and foodservice companies (restaurants, hotels, distributors and other processors). By production, 2025 net revenue came 51% from the United States, 29% from South America, 8% from Australia, 7% from Europe and 7% from Mexico and Canada. By consumption, 74% was domestic and 26% export. Asia, mainly China, Japan and South Korea, was 50% of export revenue, and Africa and the Middle East were 12%. The company is expanding in prepared foods and halal markets, with Seara plants in Saudi Arabia and the UAE and a planned multi-protein venture in Oman.

Operations are spread across the United States, Canada, Mexico, Puerto Rico, Brazil, Australia, the United Kingdom and continental Europe. Facilities are sited to balance raw material supply with proximity to consumers. The company owns about 82% of PPC, and BNDESPar held 18.61% of JBS N.V. as of March 2026. Capital spending goes mainly to acquisitions, strategic investments, plant expansion and modernization, new business units and new plants. Examples include a US$135 million sausage facility in Iowa, US$200 million for beef plant upgrades in Texas and Colorado, and a US$400 million prepared foods plant being built by Pilgrim's in Georgia. The text names no specific competitors or suppliers.