| Equity |
20 Equity
| a. | Share capital: On March 31, 2026, the Group’s
share capital consisted of 814,216,001 class A common shares and 294,842,184 class B common shares, totaling US$41,560. (US$35,114
on December 31, 2025). |
| b. | Share Premium: On March 31, 2026, the Group’s
capital reserve amounted to US$8,319,267 (US$7,310,818 on December 31, 2025). |
| b.1 | Allocation of results: On March 25, 2026, the Board
of Directors approved the allocation of the 2025 fiscal year results, totaling US$2,085,772, to the Share Premium. |
| c.1 | Dividends: On March 25, 2026, the Board of Directors of JBS N.V. approved the payment of dividends of US$1.00 per share, totaling US$1,070,877 to be paid on June 17, 2026. Shareholders of record as of the close of trading on May 18, 2026, shall be entitled to receive the dividends. |
| d.1 | Non-controlling interest: Material non-controlling
interest as of March 31, 2026 consisted of the 17.8% (17.7% as of December 31, 2025), of PPC common stock not owned by JBS
USA. JBS USA’s voting rights in PPC are limited to 82.2% as of March 31, 2026 (82.3% as of December 31, 2025) of the
total. The profit allocated to the PPC non-controlling interest was US$20,091 and US$54,679 for the three-month period ended March 31,
2026 and 2025, respectively. The accumulated non-controlling interest in PPC was US$797,568 as of March 31, 2026 (US$790,254 as
of December 31, 2025). For the three-month period ended March 31, 2026, purchase of treasury stock by PPC was nil (nil for
the three-month period ended March 31, 2025). Below are the PPC total net sales, net income, cash provided by operations, total
assets and total liabilities for the periods indicated. |
| | |
Three month period ended
March 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Net Revenue | |
| 4,532,633 | | |
| 4,463,009 | |
| Net Income | |
| 101,450 | | |
| 296,033 | |
| Net cash provided by operating activities | |
| 140,818 | | |
| 126,891 | |
| | |
March 31,
2026 | | |
December 31,
2025 | |
| | |
| | |
| |
| Total assets | |
| 10,202,688 | | |
| 10,343,530 | |
| Total liabilities | |
| 6,466,195 | | |
| 6,649,799 | |
| Total equity | |
| 3,736,493 | | |
| 3,693,731 | |
|