Bunge Global SA reported a strong start to 2025, with first-quarter adjusted earnings per share of $1.81, surpassing expectations despite a challenging market environment. The company maintained its full-year adjusted EPS outlook of approximately $7.75.
Greg Heckman, Bunge's Chief Executive Officer, highlighted the company's agility in navigating rapidly changing markets. "Our team delivered a better than expected start to 2025, staying nimble in a quickly evolving market environment while continuing to serve our customers at both ends of the value chain," Heckman said.
The company's Agribusiness segment showed solid performance, particularly in Processing, although results were down from the previous year. Refined and Specialty Oils reflected a more balanced supply and demand environment, especially in the U.S.
Bunge reported Q1 GAAP diluted EPS of $1.48, compared to $1.68 in the prior year. Adjusted Total EBIT for the quarter was $362 million, down from $676 million in Q1 2024.
The company continues to strengthen its business alignment with global value chains, announcing agreements to divest regional corn milling and margarine businesses. Bunge is also in the final stages of the regulatory process for its Viterra transaction.
Looking ahead, Bunge expects full-year results in Agribusiness to be slightly lower than previously forecast and down from last year, primarily due to lower Processing results. Refined and Specialty Oils are anticipated to perform similarly to previous outlooks but down from the prior year.
Despite market challenges, Bunge remains confident in its ability to execute its strategy and create value for stakeholders through its global integrated value chains.
