Bunge Global SA
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −1.15%.
Did BG Beat Earnings? Q4 2025 Results
Bunge Global delivered a stronger-than-expected fourth quarter, with adjusted EPS of $1.99 beating the $1.89 consensus estimate by 5.29% and revenue of $23.76 billion clearing Wall Street's $22.04 billion forecast by 7.79%, representing a striking 75.5% jump from the year-ago period. The standout driver behind the revenue surge was the completed Viterra combination, which dramatically expanded Bunge's grain-handling and softseed processing footprint, with Grain Merchandising volumes nearly tripling to 26,194 thousand metric tons and Softseed Processing adjusted EBIT vaulting to $209 million from just $75 million a year earlier. GAAP results told a different story, with diluted EPS falling to $0.49 from $4.36, weighed by $118 million in pension settlement losses and $49 million in acquisition and integration costs tied to Viterra. Looking ahead, Bunge guided full-year 2026 adjusted EPS of $7.50 to $8.00, with capital expenditures of $1.50 to $1.70 billion, as the company prepares to detail its long-term synergy capture strategy at its March 10 Investor Day.
- Completed transformational combination with Viterra, expanding global footprint and capabilities
- Higher Q4 adjusted EBIT in all segments driven by disciplined execution
- Soybean Processing driven by higher processing and refining results in Argentina and Brazil
- Softseed Processing driven by higher average processing margins and addition of Viterra's softseed assets
- Other Oilseeds driven by stronger specialty oils performances in Asia and North America
- Grain Merchandising driven by global wheat and barley merchandising and wheat milling
- Higher processed and merchandised volumes reflecting expanded production capacity and origination footprint
- Beginning to capture operational and commercial synergies from Viterra combination
“2025 was a year of significant achievement for Bunge. We completed our transformational combination with Viterra, advanced major growth projects across our global network while successfully navigating evolving markets and geopolitical uncertainty. I'm incredibly proud of how our team executed, integrating two world-class organizations, aligning on our operating model, and beginning to capture operational and commercial synergies.”
Bunge Global CEO, on the earnings call
Forward Guidance & Outlook
Bunge expects full-year 2026 adjusted EPS in the range of $7.50 to $8.00. The company expects an adjusted annual effective tax rate of 23% to 27%, net interest expense of $575 to $625 million, capital expenditures of $1.5 to $1.7 billion, and depreciation and amortization of approximately $975 million. Forward visibility remains limited amid dynamic market conditions. An Investor Day is planned for March 10 to share details on long-term outlook, synergy capture, and capital allocation priorities.
BG YoY Financials
BG Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.