J&F Investimentos

What J&F Investimentos does

J&F Investimentos S.A. is a privately held, family-controlled Brazilian conglomerate founded in 1953 and controlled by brothers Wesley and Joesley Batista. Operating across five essential sectors — energy, pulp, mining, hygiene and beauty, and food — the group reported consolidated net revenue of R$500 billion in 2025 (with Q1 2026 revenue from wholly-controlled businesses of R$119.6 billion, up 77% year-over-year) and employs approximately 297,000 people across more than 20 countries, 180,000 of them based in Brazil.

The portfolio is anchored by JBS, the world's largest protein-based food company (US$86.2 billion in 2025 revenue, US$2 billion net profit), supplemented by Eldorado Brasil in sustainable cellulose pulp, Âmbar Energia in power generation, distribution and commercialization (including the recently assumed Amazonas Energia distributor), Lhg Mining in manganese and iron ore (12 million tonnes per year), Flora in cosmetics and cleaning, PicPay (Brazil's second-largest digital bank with 67 million customers, Nasdaq-listed under ticker PICS since January 2026), and the recently acquired Eletronuclear nuclear operator. There is no technology platform architecture described in the input; the underlying "technology" is a diversified operating portfolio of physical-asset businesses in commodities, energy, consumer goods, and financial services rather than software or proprietary technology products.

Revenue mechanics flow through operating subsidiaries rather than directly to the holding company — selling protein products, pulp, electricity, mining output, consumer goods, and financial services across roughly 20 countries. The holding entity allocates capital across its portfolio, executing significant M&A (US$2.8 billion Eldorado in 2025; Eletronuclear in March 2026; Logás in March 2026) and supplying strategic oversight to wholly- and majority-owned subsidiaries while retaining family control at the parent level (J&F holds over 90% voting power in Nasdaq-listed PicPay).

Name

J&F Investimentos

Legal name

J&F S.A.

Website

https://www.jfinvest.com.br/

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

J&F Investimentos is a privately held, family-controlled Brazilian conglomerate founded in 1953 that operates across five sectors — energy, pulp, mining, hygiene and beauty, and food — through wholly-owned subsidiaries including JBS, Eldorado Brasil, Âmbar Energia, Flora, Lhg Mining, PicPay, and Eletronuclear, serving customers in more than 20 countries.

Ownership category

akta.pro rank

Product category

Diversified Industrial Conglomerate

NAICS

Management of Companies and Enterprises (5511), Management of Companies and Enterprises (55111)

SIC

Investors, Nec (6799)

akta.pro primary industry

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)

akta.pro secondary industry

Family Office Services (Single & Multi-Family Office) (FSABADAF)

Keywords

• Private holding company
• Diversified industrial conglomerate
• Protein food production
• Energy generation distribution
• Family-owned conglomerate

Headquarters

HQ city

Rio

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Core offering

J&F Investimentos is a privately held family-controlled conglomerate that owns and operates operating subsidiaries across five essential sectors: Energy (generation, distribution, commercialization via Âmbar Energia and Eletronuclear), Pulp (Eldorado Brasil), Mining (Lhg Mining - manganese and iron ore at 12 million tonnes per year), Hygiene and Beauty (Flora - cosmetics and cleaning), and Foods (JBS - the world's largest protein-based food company). It also controls PicPay, Brazil's second-largest digital bank with 67 million customers. The parent holding entity provides capital allocation, strategic oversight, and growth investment across the portfolio.

Product overview

J&F S.A. (J&F Investimentos) is a major private family-controlled conglomerate operating across five essential sectors: Energy, Pulp, Mining, Hygiene and Beauty, and Food. The portfolio includes: Âmbar Energia (energy generation, distribution and commercialization), Flora (cosmetics and cleaning products), Eldorado Brasil (sustainable pulp production), JBS (world's largest protein-based food company), Lhg Mining (manganese and iron ore mining), PicPay (digital bank and fintech), and Eletronuclear (nuclear energy through acquisition). J&F operates in over 20 countries with approximately 297,000 employees (180,000 in Brazil) and reported R$500 billion in net revenue in 2025.

Differentiator

Problem solved

Functional benefit

Brands

• JBS: World's largest protein-based food company with operations in poultry, pork, beef processing. Reported record revenue of US$ 86.2 billion in 2025 with US$ 2 billion net profit.
• Eldorado Brasil
• Âmbar Energia
• Flora
• Lhg Mining
• PicPay

Products and services

• Âmbar Energia Energy generation, distribution, commercialization and energy solutions subsidiary of J&F. Operates thermal power plants including UTE Santa Cruz and UTE Araucária II, and assumed control of Amazonas Energia in April 2026.
• JBS World's largest protein-based food company, controlled by J&F. Produces beef, poultry, pork, and processed foods. Includes subsidiaries Pilgrim's Pride, JBS Australia, and Seara. In 2025, JBS achieved record revenue of US$ 86.2 billion with US$ 2 billion net profit.
• Eldorado Brasil Sustainable pulp producer from Brazil, majority-owned by J&F Investimentos. Operates pulp mills and produces cellulose for global markets.
• Flora Leader in various cosmetics and cleaning segments under the J&F conglomerate. Offers hygiene and beauty products including personal care and household cleaning items.
• Lhg Mining Manganese and iron ore mining operation producing 12 million tons per year. Part of J&F's expansion into the mining sector, acquiring operations previously controlled by Vale.
• PicPay Brazilian digital bank and fintech platform controlled by the Batista family through J&F Investimentos. Brazil's second-largest digital bank with 67 million total customers and 42 million active consumers (as of September 2025). Listed on Nasdaq under ticker PICS in January 2026. Offers digital banking services, deposits, loans, and payment solutions.
• Eletronuclear Nuclear energy company acquired by J&F Investimentos from Eletrobras for $98.2 million. Operates Angra 1 and Angra 2 nuclear power plants and oversees the Angra-3 development project.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Cargill: Cargill is the largest privately-held US company and a family-influenced global food/agriculture conglomerate with activities in protein, trading, risk management and ingredients. Directly comparable to J&F's food segment (JBS) and as a similarly private, family-led multinational food-and-commodities platform.
• Koch Industries: Koch Industries is the largest US private company, family-controlled by the Koch family with operations spanning energy, chemicals, paper, commodities and finance. Compares to J&F as a comparable in scale, family governance and sectoral breadth.
• Tyson Foods: Tyson Foods is the largest US protein processor and a global incumbent in beef, poultry and prepared foods. Comparable to J&F's JBS subsidiary as a broad incumbent competing with JBS across multiple protein categories and geographies.

Direct peers

• Votorantim: Votorantim is one of Brazil's largest privately-held family-controlled industrial conglomerates, with diversified operations across cement, metals, banking, energy and agribusiness. It is the closest Brazilian analogue to J&F in structure, governance model and multi-sector footprint.
• Marfrig Global Foods: Marfrig is a major Brazilian protein/food company and direct competitor to JBS in beef processing globally. It serves as the most direct peer for J&F's flagship JBS subsidiary across protein markets, especially in South America.
• Itaúsa: Itaúsa is a Brazilian family-controlled holding company (Cotuba family) that holds controlling stakes in Itaú Unibanco, Dexco, Alpargatas and others. It is a direct peer in the role of a long-duration Brazilian family investment holding vehicle.
• Vale S.A. Vale is Brazil's largest mining company and the global iron-ore leader. Lhg Mining was formed by acquiring iron-ore and manganese operations previously under Vale, making Vale a direct sectoral peer in J&F's Mining business unit.
• Cosan S.A. Cosan is a Brazilian publicly-traded holding company that controls energy (Raízen), logistics (Rumo), commodities (Amyris/Moa) and other industrial assets. Its multi-sector diversified holding model with controlling-family influence closely mirrors J&F's structure.
• BRF S.A. BRF is a major Brazilian-listed processed-foods company, a peer to JBS in poultry and processed proteins and a fellow food export platform serving global protein markets from a Brazil base.
• Minerva Foods: Minerva Foods is a leading Brazilian beef exporter and additional competitor to JBS in Latin American protein markets. Comparable as a Brazilian-domiciled protein platform serving global beef demand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about J&F Investimentos