v3.26.1
Loans and Financing
 3 Months Ended
Mar. 31, 2026
Loans and Financing [Abstract]  
Loans and financing

16 Loans and financing

 

   Average         Payment   Current   Non-current 
Type  annual interest
rate		   Currency  Index  terms / non- current debt  March 31, 2026   December 31,
2025		   March 31,
2026		   December 31,
2025		 
Foreign currency                             
Working capital - Dollar   3.92%  USD  SOFR  2030   13,083    9,859    1,749    1,832 
CRA - Agribusiness Credit Receivable Certificates   5.36%  USD  —  2029   1,581    712    65,456    65,478 
CRA - Agribusiness Credit Receivable Certificates   5.30%  USD  —  2029   510    510    18,807    18,788 
CRA - Agribusiness Credit Receivable Certificates   5.49%  USD  —  2035   582    518    19,963    20,024 
Export credit note   4.94%  USD  SOFR  2026   258,006    254,903    
—
    
—
 
Others   5.77%  Several  Several  Several   1,266    1,026    1,071    1,967 
                                   
                  275,028    267,528    107,046    108,089 
Local currency                                  
Notes 2.50% JBS Lux 2027   2.50%  USD  —  2027   552    1,207    105,377    105,257 
Notes 3.00% JBS Lux 2029   3.00%  USD  —  2029   2,900    7,350    592,187    591,547 
Notes 3.75% JBS Lux 2031   3.75%  USD  —  2031   6,111    1,438    489,685    489,565 
Notes 3.00% JBS Lux 2032   3.00%  USD  —  2032   11,250    3,667    985,530    984,999 
Notes 3.63% JBS Fin 2032   3.63%  USD  —  2032   7,316    15,998    957,754    957,352 
Notes 5.75% JBS Lux 2033   5.75%  USD  —  2033   47,508    23,356    1,631,467    1,630,496 
Notes 6.75% JBS Lux 2034   6.75%  USD  —  2034   4,239    29,387    1,488,529    1,487,988 
Notes 5.95% JBS USA 2035   5.95%  USD  —  2035   26,444    11,404    987,785    987,336 
Notes 5.50% JBS Lux 2036   5.50%  USD  —  2036   14,323    33,611    1,231,982    1,231,402 
Notes 4.38% JBS Lux 2052   4.38%  USD  —  2052   6,344    16,078    888,210    888,144 
Notes 6.50% JBS Lux 2052   6.50%  USD  —  2052   33,261    7,826    1,527,007    1,526,891 
Notes 7.25% JBS Lux 2053   7.25%  USD  —  2053   24,469    7,975    883,891    883,791 
Notes 6.38% JBS USA 2055   6.38%  USD  —  2055   4,648    16,469    731,038    730,804 
Notes 6.25% JBS Lux 2056   6.25%  USD  —  2056   6,293    38,194    1,235,326    1,235,094 
Notes 6.38% JBS Lux 2066   6.38%  USD  —  2066   47,281    31,167    984,299    984,113 
Notes 4.25% PPC 2031   4.25%  USD  —  2031   15,508    6,955    787,563    787,139 
Notes 3.50% PPC 2032   3.50%  USD  —  2032   2,536    10,320    893,193    892,925 
Notes 6.25% PPC 2033   6.25%  USD  —  2033   14,254    28,508    911,289    910,910 
Notes 6.88% PPC 2034   6.88%  USD  —  2034   12,891    4,201    487,973    487,594 
Working Capital - Euros   2.25%  EUR  Euribor  2026 - 28   37,709    38,159    15,306    14,343 
Working Capital - Pounds   5.65%  GBP  —  2026   5,347    9,557    
—
    
—
 
CDC - Direct credit to consumers   14.99%  BRL  —  2026   293    907    
—
    
—
 
Livestock financing   9.00%  BRL  —  2035   396    211    11,496    10,904 
Livestock financing - Pre   14.65%  BRL  CDI  2026   124,547    114,282    
—
    
—
 
Livestock financing   14.65%  BRL  CDI  2026   251    410    
—
    
—
 
CRA - Agribusiness Receivables Certificates   15.45%  BRL  CDI  2028   350    2,319    54,727    51,912 
CRA - Agribusiness Receivables Certificates   7.45%  BRL  IPCA  2029 - 65   34,151    26,262    2,292,482    2,138,931 
Rivalea ING Credit Facility   5.20%  AUD  BBSN  —   303    
—
    68,745    
—
 
PPC Term Loan Revolving Credit Facility   3.50%  USD  —  —   27,169    33,701    
—
    
—
 
Primo ANZ Credit Facility   5.25%  AUD  BBSN  —   142    
—
    36,590    
—
 
Others   4.68%  Several  Several  —   46,306    44,638    138,377    139,957 
                  565,092    565,557    20,417,808    20,149,394 
                                   
                  840,120    833,085    20,524,854    20,257,483 

Average annual interest rate: Refers to the weighted average nominal cost of interest at the reporting date. The loans and financings are fixed by a fixed rate or indexed to rates: CDI, Euribor, SOFR, IPCA, among others.

 

On March 31, 2026, the availability under Brasil revolving credit facilities was US$500 million and on December 31, 2025 US$500 million. In the United States the revolving credit facilities on March 31, 2026, was US$2.9 billion and on December 31, 2025 US$3.0 billion.

 

The non-current portion of the principal payment schedule of loans and financing is as follows:

 

Maturity  March 31,
2026		 
     
2027   236,295 
2028   116,163 
2029   648,528 
2030   156,621 
2031   1,368,559 
Maturities after 2031   17,998,688 
    20,524,854 

 

16.1 Guarantees and contractual restrictions (“covenants”)

 

The Group was in compliance with all of its debt financial covenant restrictions on March 31, 2026 and until the date that these interim financial statements were approved.