Bunge Global SA (NYSE: BG) has released its fourth quarter and full-year 2024 financial results, revealing a challenging year for the agribusiness giant. The company reported a significant decrease in adjusted earnings per share (EPS) and provided a cautious outlook for 2025.
Key highlights from the report include:
Financial performance:
- Full-year 2024 adjusted EPS of $9.19, down from $13.66 in 2023
- Q4 adjusted EPS of $2.13, compared to $3.70 in the prior year
- Lower results in Agribusiness Processing, partially offset by higher Merchandising performance
Strategic developments:
- Late stages of regulatory processes for Viterra and CJ Selecta acquisitions
- Substantial progress on growth investments and strategic partnerships
- Divestiture of sugar & bioenergy joint venture
- $1.1 billion in share repurchases throughout 2024
Sustainability milestone:
- Achieved 100% traceability and monitoring targets in Brazil
2025 outlook:
- Forecasting adjusted EPS of approximately $7.75
- Expects lower results in Agribusiness and Refined and Specialty Oils
- Anticipates improved performance in Milling and Corporate segments
Greg Heckman, Bunge's Chief Executive Officer, commented on the results and future prospects: "While we didn't end the year as we expected and our forward visibility is limited by the increased geopolitical uncertainty, we are confident that the work we've done to further strengthen our business will allow us to continue to create value for all stakeholders."
