Bunge Global reported Q4 adjusted EPS of $1.99, topping the consensus estimate of $1.82 and down modestly from $2.13 a year earlier. Net sales jumped 75% year-over-year, primarily reflecting higher volumes following the transformational combination with Viterra. Total segment EBIT on an adjusted basis rose to $622 million from $445 million in Q4 2024, underscoring disciplined execution across the expanded footprint.

Soybean processing volumes climbed 19% to 11.46 million metric tons in Q4, while soybeans merchandised rose 32% to 6.91 million metric tons, driven by newly acquired assets in Argentina and Canada. Softseed processing surged 44% to 3.48 million metric tons, and grain merchandising volumes more than tripled to 26.19 million metric tons as origination capacity expanded in Europe and Asia. These increases translated into adjusted segment EBIT growth in soybean processing (+1.3%), softseed (+179%), and grain merchandising (+20%).

On a GAAP basis, Q4 diluted EPS fell to $0.49 from $4.36 a year ago, reflecting $0.95 per share of certain gains and charges, plus $0.55 per share of mark-to-market timing impacts. Corporate and Other expenses included $200 million of integration and acquisition costs, compared with a benefit of $136 million in the prior year. Full-year GAAP diluted EPS declined to $4.93 from $7.99 in 2024, while adjusted full-year EPS eased to $7.57.

Management highlighted completion of Viterra integration milestones, with expected run-rate synergies of $400 million by year-end. Capital allocation priorities include deleveraging toward a net debt/EBITDA target below 2.5x and incremental investments in South American processing capacity. The company will host an Investor Day on March 10 to detail long-term outlook, cost savings initiatives, and anticipated annual free cash flow generation exceeding $1 billion under stable market conditions.