CHS Inc., the nation’s leading agricultural cooperative, reported net income of $597.9 million for the fiscal year ended Aug. 31, 2025, down from $1.1 billion in 2024. Consolidated revenues fell to $35.5 billion from $39.3 billion, primarily due to lower commodity prices.
Despite the revenue decline, CHS delivered strong volumes across its businesses, demonstrating operational resilience. The Energy segment posted a pretax loss of $7 million, a $436 million decrease from the prior year, impacted by reduced crude oil discounts, tighter refining margins, and planned maintenance at its McPherson, Kansas refinery.
The Agriculture segment earned $245.7 million pretax, down $97 million from 2024, reflecting lower grain and oilseed margins amid global market pressures. However, increased volumes in crop protection and nutrients, along with strong ag retail performance, helped offset some challenges.
Nitrogen production saw a pretax gain of $159.5 million, up $8.3 million, driven by favorable market conditions for urea through the CF Nitrogen joint venture. Corporate and Other earnings rose $41.8 million to $216.6 million, bolstered by strong results from the Ventura Foods joint venture.
President and CEO Jay Debertin emphasized CHS’s commitment to operational excellence and cost management. The cooperative plans to return $120 million in cash patronage and equity redemptions to farmer-owners and member cooperatives in fiscal 2026, reinforcing its dedication to supporting U.S. agriculture and strengthening supply chains.
