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Bunge Global (BG) investor relations material
Bunge Global Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed the transformational combination with Viterra, expanding global footprint, origination, merchandising, processing, and distribution capabilities, and delivering early cost and commercial synergies.
Achieved strong operational execution in 2025, with all segments showing higher results in Q4 and realization of integration synergies ahead of schedule.
Transformation efforts have resulted in a more agile, diversified, and resilient organization, positioning for continued value creation.
The environment remains complex due to geopolitical tensions, evolving trade flows, and biofuel policy uncertainty, especially in the U.S.
Financial highlights
Full-year 2025 adjusted EPS was $7.57, down from $9.19 in 2024; Q4 adjusted EPS was $1.99, compared to $2.13 in the prior year.
Adjusted total EBIT for 2025 was $2,034 million, nearly flat year-over-year; Q4 adjusted total EBIT was $756 million, up from $546 million.
Net income attributable to shareholders for 2025 was $816 million, down from $1,137 million in 2024.
Net sales for 2025 were $70.3 billion, up from $53.1 billion year-over-year.
Adjusted funds from operations for 2025 were $1,733 million.
Outlook and guidance
2026 adjusted EPS is expected in the range of $7.50 to $8.00.
Projected adjusted annual effective tax rate for 2026 is 23%–27%; net interest expense $575–$625 million; capital expenditures $1.5–$1.7 billion; depreciation/amortization ~$975 million.
Earnings expected to be weighted 30/70 between first and second half of 2026, with Q1 particularly light.
Guidance does not include potential upside from finalization of U.S. biofuel policy (RVO) or SAF market developments.
- TimeTickerHeadlineOpen
- 6 FebSCW
Q2 2025 revenue surged 120% y/y, driven by a record Asian contract and a tripled backlog. - 6 FebSCW
Q1 2025 revenue jumped 97% year-over-year, with strong backlog and major new contracts secured. - 6 FebSCW
Q3 revenue up 39% y/y, backlog at 58.3 mln PLN, Space leads growth with global contracts. - 6 FebGHM
Q3 FY26 delivered 21% revenue growth, record backlog, and raised full-year guidance. - 6 FebPENG
All proposals passed, with no questions raised and results to be filed on Form 8-K. - 6 FebJKHY
Record revenue and net income growth drive raised guidance and strong segment performance. - 6 FebMGY
Record production, strong free cash flow, and disciplined capital returns defined 2025. - 6 FebQNST
Record Q2 revenue, $50.2M net income, HomeBuddy acquisition, and AI drive growth. - 6 FebOPGN
Shareholders will vote on seven key proposals, including a new equity plan and company name change. - 6 FebCDP
2025 FFO/share up 5.8% with strong leasing; 2026 outlook positive amid record defense spending.
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Frequently asked questions
Oilseed and Grain
Bunge Limited is a Swiss-American company with a significant presence in the agricultural sector. Its business activities encompass a range of products, including edible oils, milled grain, and sugar, which are distributed internationally. However, the company is primarily involved in the sourcing, processing, and supply of oilseed and grain products. The company also provides products and services to various industries, including food manufacturing and bioenergy. Bunge is incorporated in Switzerland, but the headquarters are located in St. Louis and its shares are listed on the NYSE.
Over 200 Years of History
Bunge was founded in 1818 by Johann Peter Gottlieb Bunge in Amsterdam, Netherlands. Originally established as an import-export trading business, the company quickly grew, expanding its operations across Europe. In the late 19th century, Bunge began expanding into South America, initially in Argentina but subsequently expanding into neighboring countries. This period saw Bunge venturing into various aspects of the food production chain, including milling, processing, and distribution. Post-World War II, Bunge began a period of global expansion. The company extended its reach beyond South America into North America, Europe, Asia, and other parts of the world. In the years leading up to the turn of the millennium, the company divested various parts of its business to focus solely on agribusiness, eventually going public in 2001.
The Operations
Bunge Limited operates primarily in the agribusiness and food production sector, focusing on the sourcing, processing, and distribution of agricultural commodities and products. Its core business activities encompass a wide range of operations, from the procurement of raw agricultural materials like soybeans, wheat, and corn, to processing these commodities into products such as vegetable oils, protein meals, and milled grain products. Some companies operating in the same sector include AAK, Wilmar International, and Archer Daniels Midland.
The company serves a number of sectors and some major customer groups include:
Food and Beverage Companies: Bunge supplies ingredients such as oils, milled grain products, and specialty fats to manufacturers of packaged foods and beverages.
Foodservice Providers: The company provides cooking oils, shortenings, and other ingredients to restaurants and fast-food chains.
Livestock Producers: Bunge offers protein meals and animal feed products to the livestock industry, supporting the production of meat, dairy, and eggs.
Industrial Users: In addition to food-related businesses, Bunge caters to industrial customers, providing products like biofuels and industrial oils.
Retailers: The company also supplies packaged consumer products, including cooking oils and baking ingredients.
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