Bunge (BG) quarter year Financial Results Summary
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Bunge Global SA (BG) Q4 2025 Financial Results Summary
St. Louis, MO – February 4, 2026 – Bunge Global SA (NYSE: BG) today reported its financial results for the fourth quarter and full-year 2025.
Key Highlights
- Full-Year Financial Performance:
- GAAP diluted EPS: $4.93, down 38% from $7.99 in 2024.
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Adjusted EPS: $7.57, down 18% from $9.19 in 2024.
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Q4 Financial Performance:
- GAAP diluted EPS: $0.49, a decrease of 89% compared to $4.36 in Q4 2024.
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Adjusted EPS: $1.99, down 7% from $2.13 in Q4 2024.
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Net Income:
- Q4: $95 million, a decrease of 84% from $602 million in Q4 2024.
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Full-Year: $816 million, down 28% from $1,137 million in 2024.
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Adjusted Net Income per Share from Continuing Operations:
- Q4: $1.99 vs. $2.13 (down 7%).
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Full-Year: $7.57 vs. $9.19 (down 18%).
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Segment Performance:
- Total EBIT for Q4: $264 million, a drop of 65% from Q4 2024 ($767 million).
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Total EBIT for 2025: $1,533 million, down 15% from $1,792 million in 2024.
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Adjusted Total EBIT:
- Q4: $622 million, up 40% from $445 million in Q4 2024.
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Full-Year: $2,034 million, slightly up 1% from $2,017 million in 2024.
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Cash Flow:
- Cash provided by operating activities in 2025: $844 million, down 56% from $1,900 million in 2024.
- Adjusted funds from operations: $1,733 million, up 3% from $1,682 million in 2024.
Business Segments Overview
1. Soybean Processing and Refining
- Q4 Volumes: Processed 11,460 thousand metric tons (up 19% from Q4 2024) and merchandised 6,912 thousand metric tons (up 32%).
- Net Sales: $11,045 million (up 32% from $8,374 million in Q4 2024).
- Segment EBIT: $157 million (down 62% from $409 million a year ago).
2. Softseed Processing and Refining
- Q4 Volumes: Processed 3,481 thousand metric tons (up 45% from Q4 2024).
- Net Sales: $4,545 million (up 152% from $1,808 million in Q4 2024).
- Segment EBIT: $184 million (up 31% from $140 million in Q4 2024).
3. Other Oilseeds Processing and Refining
- Q4 Volumes: 586 thousand metric tons (down 10% from Q4 2024).
- Net Sales: $1,191 million (up 7% from Q1 2024).
- Segment EBIT: $46 million (up from $6 million in Q4 2024).
4. Grain Merchandising and Milling
- Q4 Volumes: 26,194 thousand metric tons (up 214% from Q4 2024).
- Net Sales: $6,982 million (up 212% from $2,242 million in Q4 2024).
- Segment EBIT: $211 million (up 19%).
Dividend and Share Repurchase
- A total of $459 million was paid in dividends to common shareholders.
- The company repurchased approximately $551 million worth of registered common shares in 2025.
Outlook for 2026
- Expected Adjusted EPS: Between $7.50 to $8.00.
- Tax Rate: Expected adjusted annual effective tax rate range of 23% to 27%.
- Capital Expenditures: Projected in the range of $1.5 billion to $1.7 billion.
Conclusion
As reported, Bunge Global SA experienced significant challenges in its financial performance in 2025 versus the prior year, particularly in net income and earnings per share. Adjusted totals across various segments reflected strong execution and the impact of the recent Viterra business combination. The company anticipates stabilizing its financial outlook and maintaining dividend payments moving into 2026.
This summary provides a detailed overview of Bunge Global SA’s Q4 2025 financial results, highlighting performance metrics and overall business health as of the reporting date.
Here are the extracted tables from the press release:
Condensed Consolidated Statements of Income (in US$ in millions)
| Quarter Ended | Year Ended | |||
|---|---|---|---|---|
| December 31, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | |
| Net sales | $23,762 | $13,542 | $70,329 | $53,108 |
| Cost of goods sold | -$22,751 | -$12,461 | -$66,920 | -$49,715 |
| Gross profit | $1,011 | $1,081 | $3,409 | $3,393 |
| Selling, general and administrative expenses | -$637 | -$451 | -$2,113 | -$1,776 |
| Foreign exchange (losses) gains – net | -$65 | -$88 | -$51 | -$189 |
| Other income (expense) – net | -$57 | $230 | $289 | $442 |
| Income (loss) from affiliates | $10 | $20 | $26 | -$38 |
| EBIT attributable to noncontrolling interest(a) (1) | $2 | -$25 | -$27 | -$40 |
| Total EBIT | $264 | $767 | $1,533 | $1,792 |
| Interest income | $40 | $51 | $202 | $163 |
| Interest expense | -$216 | -$113 | -$628 | -$471 |
| Income tax (expense) benefit | $2 | -$100 | -$288 | -$336 |
| Noncontrolling interest share of interest and tax(a) (1) | $5 | -$3 | — | -$11 |
| Income (loss) from continuing operations, net of tax | $95 | $602 | $819 | $1,137 |
| Income (loss) from discontinued operations, net of tax | — | — | -$3 | — |
| Net income (loss) attributable to Bunge(1) | $95 | $602 | $816 | $1,137 |
| Net income (loss) attributable to Bunge shareholders – diluted | ||||
| Continuing operations | $0.49 | $4.36 | $4.93 | $7.99 |
| Discontinued operations | — | — | -$0.02 | — |
| Net income (loss) per share – diluted | $0.49 | $4.36 | $4.91 | $7.99 |
| Weighted–average shares outstanding – diluted | 195 | 138 | 166 | 142 |
Condensed Consolidated Balance Sheets (in US$ in millions)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Cash and cash equivalents | $1,135 | $3,311 |
| Time deposits under trade structured finance program | $208 | — |
| Trade accounts receivable, net | $3,870 | $2,148 |
| Inventories(a) | $13,198 | $6,491 |
| Assets held for sale | $191 | $8 |
| Other current assets | $5,789 | $4,000 |
| Total current assets | $24,391 | $15,958 |
| Property, plant and equipment, net | $11,678 | $5,254 |
| Operating lease assets | $1,686 | $932 |
| Goodwill and other intangible assets, net | $3,450 | $774 |
| Investments in affiliates | $1,495 | $779 |
| Other non-current assets | $1,828 | $1,202 |
| Total assets | $44,528 | $24,899 |
| Liabilities and Equity | ||
| Short-term debt | $3,883 | $875 |
| Current portion of long-term debt | $1,337 | $669 |
| Letter of credit obligations under trade structured finance program | $208 | — |
| Trade accounts payable | $4,881 | $2,777 |
| Current operating lease obligations | $499 | $286 |
| Liabilities held for sale | $61 | $10 |
| Other current liabilities | $4,258 | $2,818 |
| Total current liabilities | $15,127 | $7,435 |
| Long-term debt | $8,831 | $4,694 |
| Non-current operating lease obligations | $1,097 | $595 |
| Other non-current liabilities | $2,051 | $1,226 |
| Total liabilities | $27,106 | $13,950 |
| Redeemable noncontrolling interest | $53 | $4 |
| Total equity | $17,369 | $10,945 |
| Total liabilities, redeemable noncontrolling interest and equity | $44,528 | $24,899 |
Please note that both tables contain financial data relevant to Bunge’s performance as per the press release, formatted in Markdown for clear presentation.