Seaboard (SEB) Q4 2025 earnings summary

Executive summary

• Net sales for Q4 2025 were $2,410 million, down from $2,482 million in Q4 2024.

• Net earnings attributable to shareholders rose to $253 million in Q4 2025 from $154 million in Q4 2024.

• For the full year 2025, net sales reached $9,746 million, up from $9,100 million in 2024.

• Full-year net earnings attributable to shareholders were $496 million, a significant increase from $88 million in 2024.

Financial highlights

• Operating income for Q4 2025 was $65 million, compared to $114 million in Q4 2024.

• Full-year operating income was $239 million in 2025, up from $156 million in 2024.

• Earnings per common share for Q4 2025 were $264.13, up from $158.58 in Q4 2024.

• Full-year EPS was $514.46 in 2025, compared to $90.62 in 2024.

Key financial ratios and metrics

• Average number of shares outstanding was 957,855 in Q4 2025 and 971,055 in Q4 2024.

• Quarterly dividend declared at $2.25 per share; annual dividend at $9.00 per share for both 2025 and 2024.