Key Takeaways
- Bunge Full-year 2025 GAAP diluted EPS was $4.93, down from $7.99 in 2024; adjusted EPS was $7.57, down from $9.19.
- Fourth-quarter 2025 GAAP diluted EPS was $0.49, compared with $4.36 a year earlier; adjusted EPS was $1.99 vs. $2.13.
- Bunge said it completed its combination with Viterra and began capturing operational and commercial synergies.
- Adjusted segment EBIT rose in Q4 across all segments, while Corporate and Other results reflected integration-related costs.
- The company guided to 2026 adjusted EPS of $7.50–$8.00 and expects capex of $1.5–$1.7 billion.
Overview of Bunge's Fourth-Quarter and Full-Year 2025 Performance
Bunge Global SA (NYSE: BG) reported fourth-quarter and full-year 2025 results, highlighting progress on integration and growth projects across its global network.
Greg Heckman, Bunge’s Chief Executive Officer, said: “2025 was a year of significant achievement for Bunge. We completed our transformational combination with Viterra, advanced major growth projects across our global network while successfully navigating evolving markets and geopolitical uncertainty.”
He added: “I’m incredibly proud of how our team executed, integrating two world-class organizations, aligning on our operating model, and beginning to capture operational and commercial synergies.”
Bunge Earnings Summary
Full-Year 2025
- Net income attributable to Bunge: $816 million (vs. $1.137 billion in 2024)
- GAAP diluted EPS: $4.93 (vs. $7.99)
- Adjusted diluted EPS: $7.57 (vs. $9.19)
Fourth Quarter 2025
- Net income attributable to Bunge: $95 million (vs. $602 million in Q4 2024)
- GAAP diluted EPS: $0.49 (vs. $4.36)
- Adjusted diluted EPS: $1.99 (vs. $2.13)
Bunge Segment Updates
Oilseeds Processing and Refining
Bunge reported higher Q4 adjusted segment EBIT across its oilseeds-related segments, citing disciplined execution and expanded capabilities following the combined footprint.
Grain Merchandising and Milling
Bunge reported higher segment results, supported by improved performance in wheat and barley merchandising and wheat milling, partially offset by lower global corn merchandising and ocean freight.
Outlook and Next Milestones For Bunge
Heckman said: “While forward visibility remains limited amid dynamic market conditions, our expanded capabilities, more balanced global footprint and diversified value chains give us the tools to better adapt, manage risk, and continue connecting farmers to global demand for food, feed and fuel in any environment.”
Bunge expects full-year 2026 adjusted EPS in the range of $7.50 to $8.00. The company also expects an adjusted effective tax rate of 23% to 27%, net interest expense of $575 million to $625 million, capital expenditures of $1.5 billion to $1.7 billion, and depreciation and amortization of approximately $975 million.
Heckman said the company plans to share additional details on long-term outlook, synergy capture, and capital allocation priorities at its Investor Day on March 10.
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