JBS N.V. (JBS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to JBS's third quarter of 2025 results conference call. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session and instructions will be given at that time. As a reminder, this conference is being recorded. Any statements eventually made during this conference call in connection with the company business outlook Projections, operating and financial targets, and potential growth should be understood as merely forecasts based on the company's management expectations in relation to the future of JBS. Such expectations are highly dependent on the industry and market conditions and therefore are subject to change. Are present with us today, Gilberto Tamazoni, Global CEO of JBS, Guilherme Cavalcanti, Global CFO of JBS, Wesley Batista Filho, CEO of JBS USA, and Christian Aziz, Investor Relations Director. Now I'll turn the conference over to Gilberto Tamazoni, Global CEO of JBS. Mr. Tamazoni, you may be beginning your presentation. Good morning, everyone. Thank you for joining us today. The third quarter of 2025, once again, demonstrated the strength and consistency of JBS, a global multi-protein platform. And more important, how we operate with discipline, agility, and resilience. We achieved a record net sales, which grew across all business units. This performance reinforced the balance and the scales of our operation and showed our ability to manage the platform practically, mitigating the impact of local market cycles. Net income reached $581 million, and the return on equity over the last 12 months was 23.7%, reflecting solid, sustainable performance. We continue to navigate a challenging cattle cycle in the United States, marked by historical high price and tight supply. Even in this enviro...