| Investments in equity-accounted investees, associates and joint venture |
10 Investments in equity-accounted investees, associates and joint
venture
Changes in the investments:
Refers to investments in associate and joint venture:
| | |
| |
Equity | |
| | |
Participation | |
Balance at January 1, 2026 | | |
Disposal | | |
Profit distribution | | |
Exchange variation | | |
Changes in the equity of investees | | |
Proportionate share of
income | | |
Balance at
March 31,
2026 | |
| Meat Snacks Partners, LLC (1) | |
50% | |
| 23,301 | | |
| (29,429 | ) | |
| — | | |
| 1,091 | | |
| 5,037 | | |
| — | | |
| — | |
| JBS Foods Ontario, Inc. | |
100% | |
| 18,751 | | |
| — | | |
| — | | |
| 1,009 | | |
| (1,009 | ) | |
| 49 | | |
| 18,800 | |
| Birla Societá Agricola Srl | |
20% | |
| 1,854 | | |
| — | | |
| — | | |
| 100 | | |
| (137 | ) | |
| (7 | ) | |
| 1,810 | |
| Mantiqueira Alimentos S.A. (2) | |
48.5% | |
| 128,874 | | |
| — | | |
| (591 | ) | |
| 8,016 | | |
| (172 | ) | |
| 144,677 | | |
| 280,804 | |
| Mantiqueira International B.V. (3) | |
48.5% | |
| (1,168 | ) | |
| — | | |
| — | | |
| (108 | ) | |
| 90 | | |
| (6,304 | ) | |
| (7,490 | ) |
| Total | |
| |
| 171,612 | | |
| (29,429 | ) | |
| (591 | ) | |
| 10,108 | | |
| 3,809 | | |
| 138,415 | | |
| 293,924 | |
| | |
| |
Equity | |
| | |
Participation | |
Balance at
January 1,
2025 | | |
Profit
distribution | | |
Changes in the
equity of
investees | | |
Proportionate
share of
income | | |
Balance at
March 31,
2025 | |
| Meat Snacks Partners, LLC | |
50% | |
| 19,334 | | |
| (1,943 | ) | |
| 700 | | |
| 2,385 | | |
| 20,476 | |
| JBS Foods Ontario, Inc. | |
100% | |
| 17,372 | | |
| — | | |
| — | | |
| 361 | | |
| 17,733 | |
| Birla Societá Agricola Srl | |
20% | |
| 1,606 | | |
| — | | |
| 62 | | |
| (11 | ) | |
| 1,657 | |
| Total | |
| |
| 38,312 | | |
| (1,943 | ) | |
| 762 | | |
| 2,735 | | |
| 39,866 | |
| (1) | In January 2026, JBS S.A. concluded the sale of its 50% equity interest in the joint venture Meat Snack
Partners for the amount of US$42.8 million. |
| (2) | The Company, through its subsidiary JBS Holding, formalized on January
27, 2025, an agreement to acquire 48.5% of the total share capital and 50% of the voting shares of Mantiqueira Alimentos Ltda., a leading
company in organic eggs (produced without antibiotics, hormones, and with free-range hens). The transaction received unconditional approval
from CADE (Administrative Council for Economic Defense) on February 26, 2025 and was finalized on April 1st, 2025. On December 10, 2025
JBS N.V. received from JBS Participações S.A. 100% of the equity interest held in JBS Holding Ltda., as an in-kind dividend
distribution. The transaction did not involve any cash outlay and was recorded at the carrying amount of the investment. |
| (3) | Mantiqueira International was incorporated on August 20, 2025, and is accounted for as a joint venture
in which JBS N.V. holds a 48.5% equity interest. On November 14, 2025, JBS N.V., through its direct subsidiary Mantiqueira International
and its indirect subsidiary Mantiqueira USA Inc., entered into an agreement to acquire 100% of the equity interests of Hickman’s
Egg Ranch, one of the leading egg producers in the United States. |
|