Key Takeaways:
- GAAP diluted EPS from continuing operations of $0.86 versus $1.56 a year ago; adjusted EPS of $2.27 versus $2.29
- Adjusted Total EBIT of $757 million, driven by strong Soybean and Softseed Processing and Refining performance
- Repurchased $545 million of shares during the quarter
- Full-year 2025 adjusted EPS outlook reaffirmed at $7.30–$7.60 (second-half adjusted EPS expected at $4.00–$4.25)
Bunge Global SA Overview of Q3 Performance
Bunge Global SA reported third quarter 2025 GAAP diluted EPS from continuing operations of $0.86, compared with $1.56 in the prior year; on an adjusted basis, EPS was $2.27 versus $2.29. Management cited strong execution across value chains in a complex market and regulatory environment, with early benefits from the Viterra integration. The company also executed $545 million of share repurchases in the quarter.
Segment Results and Adjusted Metrics
Oilseeds Processing and Refining Highlights
Adjusted Segment EBIT rose to $924 million from $559 million. In Soybean Processing and Refining, higher margins, increased South American capacity, and stronger destination processing lifted results; adjusted Segment EBIT was $478 million versus $286 million. Softseed Processing and Refining benefited from higher average margins and added assets, with adjusted Segment EBIT of $275 million versus $133 million.
Other Oilseeds and Grain Merchandising and Milling
Other Oilseeds Processing and Refining recorded adjusted Segment EBIT of $51 million versus $63 million, reflecting softer results in Asia and Europe offset by stronger North American specialty oils. Grain Merchandising and Milling posted adjusted Segment EBIT of $120 million versus $77 million, with higher wheat milling and ocean freight partially offset by lower global wheat and corn merchandising; volumes increased with the larger footprint.
Corporate and Other
Adjusted Corporate and Other EBIT was a loss of $167 million compared with a loss of $68 million, reflecting the addition of Viterra and performance-based compensation. Adjusted Total EBIT was $757 million, up from $491 million.
Outlook and Guidance From Bunge Global SA
Bunge Global SA continues to expect full-year 2025 adjusted EPS of $7.30 to $7.60, implying second-half adjusted EPS of $4.00 to $4.25. The company projects an adjusted annual effective tax rate of 23%–25%, net interest expense of $380–$400 million, capital expenditures of $1.6–$1.7 billion, and depreciation and amortization of about $710 million. Management highlighted that expanded scale and coordinated flows from the combined platform are expected to support utilization and risk management across regions.
