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

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WEBVTT 00:00:00.031 -- 00:00:05.580 Good morning and welcome to JBS's third quarter of 2025 results conference call. 00:00:05.580 -- 00:00:08.865 At this time, all participants are in listen-only mode. 00:00:08.865 -- 00:00:12.712 Later, we will conduct a question and answer session and instructions will be given at 00:00:12.712 -- 00:00:17.099 that time. As a reminder, this conference is being recorded. 00:00:17.099 -- 00:00:21.686 Any statements eventually made during this conference call in connection with the company 00:00:21.686 -- 00:00:26.706 business outlook Projections, operating and financial targets, and potential 00:00:26.706 -- 00:00:31.696 growth should be understood as merely forecasts based on the company's management expectations 00:00:31.696 -- 00:00:37.067 in relation to the future of JBS. Such expectations are highly dependent on the industry 00:00:37.067 -- 00:00:41.375 and market conditions and therefore are subject to change. 00:00:41.375 -- 00:00:46.522 Are present with us today, Gilberto Tamazoni, Global CEO of JBS, 00:00:46.522 -- 00:00:51.829 Guilherme Cavalcanti, Global CFO of JBS, Wesley Batista 00:00:51.829 -- 00:00:57.075 Filho, CEO of JBS USA, and Christian Aziz, Investor Relations 00:00:57.075 -- 00:00:58.898 Director. 00:00:58.898 -- 00:01:03.844 Now I'll turn the conference over to Gilberto Tamazoni, Global CEO of JBS. 00:01:03.844 -- 00:01:07.626 Mr. Tamazoni, you may be beginning your presentation. 00:01:09.391 -- 00:01:12.957 Good morning, everyone. Thank you for joining us today. 00:01:12.957 -- 00:01:18.425 The third quarter of 2025, once again, demonstrated 00:01:18.425 -- 00:01:25.035 the strength and consistency of JBS, a global multi-protein platform. 00:01:25.035 -- 00:01:31.464 And more important, how we operate with disc...