JBS reports Q2 net loss of $102 million on $23.9 billion sales; names next CEO
JBS reported second-quarter 2026 net sales of $23.9 billion, up 14% from a year earlier, but posted a net loss attributable to the company of $102 million, or -$0.10 per share, compared with net income of $528 million, or $0.48 per share, in the prior-year quarter. The company also said Wesley Batista Filho, 34, will become Global CEO in January 2027, succeeding Gilberto Tomazoni, which matters to shareholders because it sets a new leadership structure.
Key points
- Net sales of $23.9 billion for the quarter ended June 30, 2026, versus $21.0 billion a year earlier.
- Net loss attributable to JBS of $102 million (-$0.10 per share), versus net income of $528 million ($0.48 per share); adjusted EPS was $0.20 versus $0.52.
- IFRS Adjusted EBITDA of $1,429 million, down 18%; net leverage was 3.1x.
- Wesley Batista Filho to become Global CEO effective January 2027; Gilberto Tomazoni steps down as Global CEO and will become Vice Chairman and Senior Advisor.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.