The main balances and transactions between related parties are presented and described below. Amounts charged include borrowing costs, interest and management fees, when applicable.


		Balance sheet position		Statements of income effect
	Reimbursement of administrative and funding cost	September 30, 2026	December 31, 2025	September 30, 2026	September 30, 2025
Laguz I Fundo de Investimento (1)	Selic	(123,608)	(147,123)	(14,484)	(8,798)
J&F (2)	IPCA	17,124	(43,876)	(9,889)	(5,728)
Flora Produtos de Higiene e Limpeza S.A.	CDI	20,962	41,231	2,634	—
		(85,522)	(149,768)	(21,739)	(14,526)

(1)In May 2025, the indirect subsidiary JBS S.A. acquired tax credit rights from the related party Laguz I Fundo de Investimento through an agreement providing for 20 installments as of September 30, 2026, with final maturity in April 2028. These tax credits originate from a judicial claim related to the export credit premium incentive. The case has already been definitively settled in favor of the taxpayer, and is currently in the final stage of assessment and confirmation of the credit balance. The credit rights were acquired at an approximate discount of 35%, and the credits will be used to offset JBS S.A.'s tax obligations once the case is finalized and the use of the credits is authorized by the relevant regulatory authorities. The credits have been recorded under “Other non-current assets” in the financial statements.

(2)The net balance receivable from J&F S.A. refers to: (i) US$87,316 receivable, arising from the settlement agreement entered into between JBS S.A., J&F S.A., and certain former executives of the Company, which resulted in the definitive termination of the dispute addressed in arbitration proceeding, under which J&F S.A. committed to settle the amount in accordance with the terms and conditions set forth in the agreement; and (ii) US$70,192 payable, related to the purchase of the Araputanga Plant, to be settled in 8 installments as of September 30, 2026, with final maturity in May 2027.

The Group entered into an agreement with Banco Original, under which Banco Original acquires receivables held against certain domestic and international customers. The assignments are negotiated without recourse, through the definitive transfer of risks and benefits of the receivables to Banco Original. On September 30, 2026, the Group had US$950,247 (US$764,183 as of December 31, 2025) in assigned receivables. For the nine-month period ended September 30, 2026, the Group recorded financial costs related to this operation in the amount of US$101,449 (US$86,291 for the nine-month period ended September 30, 2025), which were recorded in the financial statements as financial expenses.

On September 30, 2026, the indirect subsidiary JBS S.A. and some of its subsidiaries held balances with Banco Original totaling US$612,498 (US$454,781 on December 31, 2025), recorded under cash and cash equivalents. Financial investments, including CDBs (Bank Deposit Certificates) and similar instruments, yield returns equivalent to the CDI (Interbank Deposit Certificate) according to the specified term and investment amount. For the nine-month period ended September 30, 2026, interest earned from these investments amounted to US$25,596 (US$36,432 for the nine-month period ended September 30, 2025), recorded in the financial statements as financial income.

The indirect subsidiary JBS S.A. has cattle purchase commitments for future delivery with certain suppliers, including the related party JBJ Agropecuária (“JBJ”), ensuring the acquisition of cattle at a fixed or adjustable price, without any cash effect on the Company until these commitments mature. Under this forward delivery contract, JBJ has already advanced financing through banks in a reverse factoring arrangement. On September 30, 2026 the balance of this transaction was US$197,041 (US$115,804 on December 31, 2025).

The Company maintains recurring commercial relationships with Flora Produtos de Higiene e Limpeza S.A., involving commitments for the sale of raw materials, with tallow being the principal commodity sold. Transactions are conducted on arm’s-length terms and are individually formalized through purchase orders.

Key management personnel consist of the members of the Board of Directors and the Company's executive officers. Members of the Board of Directors are appointed by contract and have a formal relationship with the Company, but are not entitled to typical corporate benefits associated with an employment relationship. The Company’s executive officers maintain an employment relationship through labor contracts entered into in accordance with the applicable legislation in each country.