U.S. Premium Beef reported a FY 2025 net loss of USD 19.82 million, compared with net income of USD 7.51 million a year earlier. Equity in National Beef’s results swung to a FY 2025 net loss of USD 19.77 million from net income of USD 6.78 million, as lower gross margins per head and higher costs weighed on profitability. Selling, general and administrative expense rose 5% to USD 3.4 million. Interest income fell 27% to USD 2.19 million, driven by lower cash balances. Net working capital totaled USD 36.2 million as of FY 2025 year-end, including cash and cash equivalents of USD 14.1 million.

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