Pilgrim's Pride (PPC) Q4 2025 Earnings Transcript

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Thu, February 12, 2026 astatine 10:31 AM CST 42 min read

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Thursday, Feb. 12, 2026 astatine 9:00 a.m. ET

• Chief Executive Officer — Fabio Sandri

• Chief Financial Officer — Matthew R. Galvanoni

Fabio Sandri: So for the fiscal twelvemonth 2025, we established caller fiscal milestones arsenic nett revenues reached $18,500,000,000 and adjusted EBITDA roseate to $2,300,000,000. Our adjusted EBITDA borderline was 12.3%. In the U.S., accordant execution of our strategies, on with beardown chickenhearted demand, bolstered our demand. Demand from our cardinal customers grew importantly implicit the class mean for the year. Our marque gathering accelerated arsenic the combined retail income of Just BARE crossed caller and prepared reached $1,000,000,000, further diversifying our portfolio and resonating with consumers. Operational excellence efforts improved efficiencies successful processing and unrecorded operations successful Big Bird, mitigating commodity cutout volatility passim the year. Given these efforts, the U.S. grew some successful apical enactment and bottommost line.

Europe completed respective projects to heighten the ratio of its manufacturing footprint, consolidated backmost bureau support, and optimized premix and innovation. Key lawsuit partnerships strengthened arsenic income and measurement some accrued compared to past year. Our portfolio of cardinal brands continued to grow, further diversifying our portfolio. Based connected these efforts, margins and wide adjusted EBITDA continued to improve. Mexico grew income done accrued income volumes of branded offerings crossed caller and prepared, and maturation with cardinal customers contempt commodity pricing volatility. Equally important, we initiated a bid of investments successful some caller and prepared to thrust profitable maturation portion reducing the volatility of our business. For 2025, we reported nett revenues of BRL 4.5 billion.

We had adjusted EBITDA of BRL 450 cardinal and our adjusted EBITDA borderline was 9.2%. Our Q4 results bespeak the robust quality of our strategies to thrust beardown margins during changing marketplace conditions. In the U.S., Fresh accrued marketplace stock done continued absorption connected quality, service, and innovation. Our caller concern improved efficiencies some successful works and unrecorded operations. Prepared foods continued to thrust category-leading maturation crossed retail and foodservice, further diversifying our portfolio. Investments to turn our beingness successful cardinal customers, summation capableness worth added, and heighten operational ratio proceed to advancement arsenic planned. In Europe, we accrued wide adjusted EBITDA compared to the aforesaid 4th anterior year.