Net Finance Expense

9 Months Ended

Sep. 30, 2025

22 Net finance expense

	Nine-month period ended September 30,						Three-month period ended September 30,
	2025			2024			2025			2024
Exchange rate variation		123,246			84,655			66,424			(68,731	)
Fair value adjustments on derivatives		(54,088	)		(353,763	)		(63,681	)		54,807
Interest expense ⁽¹⁾		(1,273,198	)		(1,251,090	)		(480,203	)		(399,416	)
Interest income ⁽²⁾		363,080			309,401			135,030			98,668
Bank fees and others		(135,138	)		(98,656	)		(65,719	)		(46,418	)
		(976,098	)		(1,309,453	)		(408,149	)		(361,090	)

Finance income		508,017			517,594			202,920			153,475
Finance expense		(1,484,115	)		(1,827,047	)		(611,069	)		(514,565	)
		(976,098	)		(1,309,453	)		(408,149	)		(361,090	)

⁽¹⁾

For the nine-month period ended September 30, 2025, the amount of US$909,415 (US$864,371 for the nine-month period ended September 30, 2024) refers to interest expenses from loans and financings.

⁽²⁾

For the nine-month period ended September 30, 2025, the amount of US$132,735 (US$136,247 for the nine-month period ended September 30, 2024) refers to interest income from short-term investments.

JBS N.V. 6-K