# EDGAR Filing Document

**Accession Number:** 0001715696
**File Stem:** 0001140361-25-031237
**Filing Date:** 2025-8
**Character Count:** 13549
**Document Hash:** 3d2f2fc37c4fb6100e69fe3a77693296
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-031237.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001140361-25-031237

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JBS N.V.
- **CENTRAL INDEX KEY:** 0001791942
- **STANDARD INDUSTRIAL CLASSIFICATION:** MEAT PACKING PLANTS [2011]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** P7

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95184
- **FILM NUMBER:** 251219219

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** STROOMBAAN 16
- **STREET 2:** 5E VERDIEPING
- **CITY:** AMSTELVEEN
- **PROVINCE COUNTRY:** P7
- **BUSINESS PHONE:** 31206564700

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** STROOMBAAN 16
- **STREET 2:** 5E VERDIEPING
- **CITY:** AMSTELVEEN
- **PROVINCE COUNTRY:** P7

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JBS B.V.
- **DATE OF NAME CHANGE:** 20221121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Swift Foods B.V.
- **DATE OF NAME CHANGE:** 20200203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Violet Holdings B.V.
- **DATE OF NAME CHANGE:** 20191022
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNDES Participacoes S.A.
- **CENTRAL INDEX KEY:** 0001715696

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** AV. REPUBLICA DO CHILE, 100 - 20 ANDAR
- **STREET 2:** CENTRO
- **CITY:** RIO DE JANEIRO
- **STATE:** D5
- **ZIP:** 20031-917
- **BUSINESS PHONE:** 55 21 3747-7447

**MAIL ADDRESS:**
- **STREET 1:** AV. REPUBLICA DO CHILE, 100 - 20 ANDAR
- **STREET 2:** CENTRO
- **CITY:** RIO DE JANEIRO
- **STATE:** D5
- **ZIP:** 20031-917

## Exhibit 99.1

------

#### Exhibit 99.1<br>

JOINT FILING AGREEMENT

THIS JOINT FILING AGREEMENT (this "Agreement") is made and entered into as of this 14th day of August 2025, by and among BNDES Participações S.A. – BNDESPAR ("BNDESPAR") and Banco Nacional de Desenvolvimento Econômico e Social – BNDES ("BNDES").

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the parties to this Agreement hereby agree to prepare jointly and file timely (and otherwise to deliver as appropriate) all filings on Schedule 13D or 13G relating to their ownership (direct or otherwise) of any securities of JBS N.V. and any and all amendments thereto and any other document relating thereto (collectively, the "Filings") required to be filed by them pursuant to the Exchange Act. This Agreement may be included as an exhibit to any such joint filing. Each party to this Agreement further agrees and covenants to the other parties that it will fully cooperate with such other parties in the preparation and timely filing (and other delivery) of all such Filings. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Each party to this Agreement acknowledges that it shall be responsible for the timely filing of such Filings, and for the completeness and accuracy of the information concerning itself or contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the other parties to this Agreement contained herein or therein.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.

BNDES Participações S.A. — BNDESPAR

---

| |
|:---|
| By: /s/ Marcelo Marcolino |
| Marcelo Marcolino |
| Attorney-in-fact |
| By: /s/ Márcio Bernardo Spata |
| Márcio Bernardo Spata |
| Attorney-in-fact |
| Banco Nacional de Desenvolvimento Econômico e Social — BNDES |
| By: /s/ Marcelo Marcolino |
| Marcelo Marcolino |
| Attorney-in-fact |
| By: /s/ Márcio Bernardo Spata |
| Márcio Bernardo Spata |
| Attorney-in-fact |

---

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** JBS N.V.

**Title of Class of Securities:** Class A Common Shares, Euro 0.01 par value per share

**CUSIP Number:** N4732M103

**Date of Event Which Requires Filing of this Statement:** 06/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>BNDES Participacoes S.A. | Names of Reporting Persons<br>BNDES Participacoes S.A. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D5 | Citizenship or Place of Organization<br>D5 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>201676700 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>201676700 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>201676700 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>201676700 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>24.77% | Percent of Class Represented by Amount in Row (9)<br>24.77% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** Percentage of the class beneficially owned is calculated based on 814,216,001 Class A Common Shares of the Issuer outstanding as of July 2, 2025.

---

| 1. | Names of Reporting Persons<br>Banco Nacional de Desenvolvimento Economico e Social | Names of Reporting Persons<br>Banco Nacional de Desenvolvimento Economico e Social |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D5 | Citizenship or Place of Organization<br>D5 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>201676700 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>201676700 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>201676700 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>201676700 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>24.77% | Percent of Class Represented by Amount in Row (9)<br>24.77% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** These shares are directly beneficially owned by BNDESPAR, which is a wholly-owned subsidiary of BNDES. BNDESPAR's Board of Executive Officers is responsible for making decisions related to voting or disposing of the reported shares. The Board of Executive Officers of BNDESPAR is comprised of 10 members, all of which are also officers of BNDES. Decisions of the Board of Executive Officers of BNDESPAR are taken at meetings by a majority of the members present. The officers of BNDES are appointed by the Board of Directors of BNDES.

Percentage of the class beneficially owned is calculated based on 814,216,001 Class A Common Shares of the Issuer outstanding as of July 2, 2025.

---

**Item 1(a). Name of Issuer:**
JBS N.V.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
Stroombaan 16, 5th Floor, Amstelveen, Netherlands, 1181 VX

**Item 2(a). Name of Person Filing:**
(i) BNDES Participacoes S.A. - BNDESPAR
(ii) Banco Nacional de Desenvolvimento Economico e Social - BNDES (collectively, the "Reporting Persons")

**Item 2(b). Address of Principal Business Office:**
Av. Republica do Chile, 100 - Centro, Rio de Janeiro, R.J., Brazil

**Item 2(c). Citizenship:**
Federative Republic of Brazil

**Item 2(d). Title of Class of Securities:**
Class A Common Shares, Euro 0.01 par value per share

**Item 2(e). CUSIP Number:**
N4732M103

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

201,676,700
These shares are directly beneficially owned by BNDESPAR, which is a wholly-owned subsidiary of BNDES. BNDESPAR's Board of Executive Officers is responsible for making decisions related to voting or disposing of the reported shares. The Board of Executive Officers of BNDESPAR is comprised of 10 members, all of which are also officers of BNDES. Decisions of the Board of Executive Officers of BNDESPAR are taken at meetings by a majority of the members present. The officers of BNDES are appointed by the Board of Directors of BNDES.

**(b) Percent of class:**

24.77%
Percentage of class beneficially owned by the Reporting Persons is calculated based on 814,216,001 Class A Common Shares of the Issuer outstanding as of July 2, 2025.
The shares beneficially owned by the Reporting Persons represent 5.36% of the total outstanding voting power in the Issuer. The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Persons by the voting power held by all holders of the Issuer's outstanding Class A Common Shares (814,216,001), who are entitled to one vote per share, combined with the voting power held by all holders of the Issuer's outstanding Class B Common Shares (294,842,184), who are entitled to ten votes per share.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

0

**(ii) Shared power to vote or to direct the vote:**

201,676,700

**(iii) Sole power to dispose or to direct the disposition of:**

0

**(iv) Shared power to dispose or to direct the disposition of:**

201,676,700

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**BNDES Participacoes S.A.**

**Date:** 08/14/2025

**By:** /s/ MARCELO MARCOLINO

**Name & Title:** Marcelo Marcolino, Attorney-in-fact

**Banco Nacional de Desenvolvimento Economico e Social**

**Date:** 08/14/2025

**By:** /s/ MARCELO MARCOLINO

**Name & Title:** Marcelo Marcolino, Attorney-in-fact