Brazil's Batista family group J&F reports first public quarterly results

Jbs NV

19/05/2026 21:25

By Luciana Magalhaes

SAO PAULO, May 19 (Reuters) - Brazil's J&F, which controls meatpacker JBS JBS.N and other assets belonging to the Batista family, released its first public quarterly results, reporting net revenue of 119.6 billion reais ($23.73 billion) in the first quarter, up 1.8% from a year earlier.

The release is part of a broader shift in the group's structure, as J&F recently moved from an investment holding to an operational company organized into business units.

J&F said revenue growth was driven by strong performances across the board, but particularly from its energy arm Ambar Energia, whose revenue jumped 186.8% to 2.3 billion reais following the integration of new assets, and mining unit Lhg Mining, which saw net revenue rise 196.4% to 1.5 billion reais.

Combined, the energy, mining, pulp, and consumer goods units posted a 77% revenue increase compared to the same period last year, reaching 6 billion reais.

The consolidation of J&F as an operational company with centralized financial management is bringing greater stability to cash generation and more efficient capital allocation, according to Fernando Storchi, the company's chief financial officer.

($1 = 5.0405 reais)

(Reporting by Luciana Magalhaes; Editing by Mark Porter)

((Luciana.NovaesMagalhaes@thomsonreuters.com;))