Increased harvest weights for Huon
Australian salmon farmer Huon Aquaculture delivered a strong performance in the third quarter, owner supported by increased harvest and higher fish weights, Brazilian owner JBS said yesterday.
The performance of the Tasmanian salmon operation was a bright spot in an otherwise challenging quarter for JBS, the world’s largest meat-packing company.
Although net sales of US $22.7 billion were up 1% from Q3 2025, earning before interest, tax, depreciation and amortisation, a measure of operating profit, fell to $1.181 billion, down 36% year on year.
Lower exports
Global chief executive Gilberto Tomazoni said JBS faced a more challenging operating environment across several of its business units in Q3, with JBS Brazil’s performance impacted by lower exports to China.
Sales of chicken in the United States went up, but demand for pork in the US was down.
JBS Australia profitability was pressured during the quarter by a more challenging environment in the beef business, but Huon did well. JBS didn’t provide any more detail, such as harvest volume or profit, for Huon.