From Yahoo Finance: 2025-03-25 17:10:00

Brazil-based JBS, the world’s largest meat packer, saw a sharp rise in net profit in the final quarter of 2024, reaching 2.412 billion reais, up from 83 million reais the year prior. The company’s U.S. beef division faced challenges due to high cattle prices, but still managed to increase EBITDA to 647.1 million reais.

JBS reported adjusted EBITDA of 10.789 billion reais, surpassing analysts’ predictions of 9.888 billion reais. CEO Gilberto Tomazoni highlighted the strength of the company’s U.S. beef business, despite the scarcity and high cost of cattle. The division’s margins improved to 1.7% in the fourth quarter of 2024.

Tomazoni also praised the turnaround of Seara, JBS’ processed foods division in Brazil, with double-digit margins and an EBITDA of 2.627 billion reais in the final quarter of 2024, marking a 292% increase from the previous year. JBS recorded a consolidated net revenue of 116.7 billion reais in the fourth quarter, a 21% increase from the same period in 2023.

In 2024, JBS’ adjusted EBITDA reached 39 billion reais with an adjusted margin of 9.4%, up 4.7 percentage points from the previous year. The company reported a net profit of 9.615 billion reais, reversing a net loss of about 1 billion reais in 2023. JBS attributed the improved profitability to all business units.



Read more at Yahoo Finance: Brazil’s JBS reports rise in quarterly profit