JBS N.V.
For the period ended Jun 30, 2026. Filed Aug 10, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 10, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the quarterly period ended June 30, 2026
OR
| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from January 1, 2026 to June 30, 2026
Commission file number 001-42678
JBS N.V.
(Exact name of registrant as specified in its charter)
| Netherlands | 98-1861274 |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| Stroombaan 16, 5th FloorAmstelveen, Netherlands | 1181 VX |
| (Address of Principal Executive Offices) | (Zip Code) |
(3120)6564700
Registrant’s telephone number, including area code
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Class A common shares, par value €0.01 per share | JBS | New York Stock Exchange |
Securities registered pursuant to Section 12(g) of the Act: None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:
Title of Each Class
2.500% Senior Notes due 2027*
3.000% Senior Notes due 2029*
3.750% Senior Notes due 2031*
3.000% Sustainability-Linked Senior Notes due 2032*
3.625% Sustainability-Linked Senior Notes due 2032*
5.750% Senior Notes due 2033*
6.750% Senior Notes due 2034*
5.950% Senior Notes due 2035*
5.500% Senior Notes due 2036*
4.375% Senior Notes due 2052*
6.500% Senior Notes due 2052*
7.250% Senior Notes due 2053*
6.375% Senior Notes due 2055*
6.250% Senior Notes due 2056*
6.375% Senior Notes due 2066*
- The Registrant, JBS USA Foods Group Holdings, Inc. and JBS USA Food Company Holdings are the co-issuers of these notes. JBS USA Foods Group Holdings, Inc. and JBS USA Food Company Holdings are indirect wholly-owned subsidiaries of the Registrant.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes x Noo
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes x Noo
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☒ | Accelerated filer | o |
|---|---|---|---|
| Non-accelerated filer | o | Smaller reporting company | o |
| Emerging growth company | o | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
Yeso No☒
As of June 30, 2026, there were 776,086,920 Class A common shares, par value of €0.01 per share, and 294,842,267 Class B common shares, par value of €0.10 per share, outstanding.
EXPLANATORY NOTE
JBS N.V., a public limited liability company (naamloze vennootschap) organized under the laws of the Netherlands, qualifies as a “foreign private issuer,” as such term is defined in Rule 405 under the Securities Act of 1933, as amended, and Rule 3b-4 under the Securities Exchange Act of 1934, as amended. Although, as a foreign private issuer, JBS N.V. is not required to do so, beginning with this quarterly report on Form 10-Q (this “Quarterly Report”), JBS N.V. has voluntarily elected to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K with the United States Securities and Exchange Commission (“SEC”) instead of filing the reporting forms available to foreign private issuers. JBS N.V.’s voluntary filing of this Quarterly Report does not affect its status as a foreign private issuer.
In addition, as a foreign private issuer voluntarily filing this Quarterly Report, JBS N.V. has not prepared, and is not required to prepare, its financial statements in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). Instead, JBS N.V.’s audited annual consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) Accounting Standards, as issued by the International Accounting Standards Board (“IASB”) (“IFRS – Accounting Standards”), and JBS N.V.’s unaudited condensed consolidated interim financial information included elsewhere in this Quarterly Report have been prepared in accordance with IAS 34 – Interim Financial Reporting, as issued by the IASB. IFRS – Accounting Standards differs in certain material respects from U.S. GAAP. JBS N.V.’s financial statements (as defined elsewhere in this Quarterly Report) have not been reconciled to U.S. GAAP, and no reconciliation is provided in this Quarterly Report. Accordingly, JBS N.V.’s reported financial position, results of operations and cash flows may not be comparable to those of U.S. domestic registrants that report under U.S. GAAP, and readers should exercise caution in making any such comparison.
| Page | |
|---|---|
| CERTAIN DEFINED TERMS | i |
| CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS | iii |
| Part I - Financial Information | v |
| Item 1. Financial Statements | v |
| Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations | 51 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 86 |
| Item 4. Controls and Procedures | 87 |
| Part II - Other Information | 88 |
| Item 1. Legal Proceedings | 88 |
| Item 1A. Risk Factors | 88 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 88 |
| Item 3. Defaults Upon Senior Securities | 88 |
| Item 4. Mine Safety Disclosures | 88 |
| Item 5. Other Information | 88 |
| Item 6. Exhibits | 88 |
| SIGNATURES | 90 |
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