JBS reports a doubling of profit in 2024
Meatpacker and tannery owner JBS achieved record revenue of $ 77 billion in 2024, 6% higher than in 2023.
Its annual profit of $7.2 billion was more than double the previous year’s figure.
JBS CEO Gilberto Tomazoni commented that its beef, chicken and beef businesses were strong. He said: “These results reflect the strength of our global multi protein platform and the precision of our operational strategy, which enables us to capitalise on opportunities across varied market cycles and geographies.”
Investments during the year included $50 million in a new plant in Saudi Arabia, a AU$110 million in salmon farming at Huon Aquaculture's facility, a R$560 million investment in Dourados to double its pork processing capacity, and a R$150 million to double its production at the Campo Grande plant, transforming it into the largest beef plant in Latin America.
