Bunge Global SA reported its financial results for the fourth quarter and full year of 2025, marking a year of significant achievement and transformation. The company completed its combination with Viterra, expanded its global footprint, and advanced major growth projects while navigating evolving markets and geopolitical uncertainties.
For the full year, Bunge posted a GAAP diluted earnings per share (EPS) of $4.93, down from $7.99 in 2024. On an adjusted basis, excluding certain gains, charges, and mark-to-market timing differences, EPS was $7.57 compared to $9.19 the previous year. Fourth-quarter GAAP diluted EPS stood at $0.49, with an adjusted figure of $1.99.
Chief Executive Officer Greg Heckman highlighted the successful integration of two world-class organizations and the capture of operational and commercial synergies. “Our expanded capabilities and diversified value chains position us to better manage risk and connect farmers to global demand for food, feed, and fuel in any environment,” Heckman said.
Segment earnings before interest and tax (EBIT) increased across all business units in the fourth quarter, driven by disciplined execution and the company’s expanded production capacity, particularly in South America. Soybean processing and refining volumes rose, reflecting higher production in Argentina and Brazil, while softseed processing benefited from the addition of Viterra’s assets.
Bunge’s grain merchandising and milling segment saw higher volumes and improved results, supported by an expanded grain-handling footprint and large global grain crops. However, corporate expenses increased, primarily due to acquisition and integration costs related to the Viterra deal.
Cash provided by operating activities totaled $844 million for 2025, down from $1.9 billion in 2024, reflecting lower net income and changes in working capital. Adjusted funds from operations rose slightly to $1.73 billion.
Looking ahead, Bunge expects adjusted EPS for 2026 to range between $7.50 and $8.00. The company anticipates capital expenditures of $1.5 billion to $1.7 billion and an adjusted effective tax rate between 23% and 27%.
