Bunge Global Q4 Adjusted EPS Slides to $1.99 While Adjusted EBIT Soars 40%
Bunge Global’s Q4 adjusted EPS fell to $1.99 from $2.13 a year earlier as Viterra integration and mark-to-market timing charges weighed on results. Adjusted EBIT climbed 40% to $622 million, supported by net sales growth of 32% in soybean processing to $11.05 billion, 151% in softseed to $4.55 billion and 211% in grain merchandising to $6.98 billion.
1. Q4 Financial Highlights
Bunge Global delivered a strong Q4 performance, reporting adjusted EPS of $1.99 versus $2.13 in the prior year and beating the consensus estimate of $1.82 by 17 cents. Net income attributable to the company was $95 million, down from $602 million a year ago as higher costs related to the Viterra integration and mark-to-market timing differences offset a 75% year-over-year sales increase. Adjusted segment EBIT rose to $756 million, up from $546 million in Q4 2024, driven by volume growth and synergies in soybean and softseed processing.
2. Full-Year 2025 Performance
For the full year, Bunge reported GAAP diluted EPS of $4.93 compared with $7.99 in 2024, while adjusted EPS was $7.57 versus $9.19. Full-year net income totaled $816 million, down from $1.14 billion, reflecting one-time integration charges of $371 million and mark-to-market impacts of $255 million. Adjusted total EBIT climbed to $2.03 billion, modestly above last year’s $2.02 billion, supported by expanded origination and processing capacities in South America and Europe following the Viterra acquisition.
3. Segment Performance
In soybean processing and refining, volumes rose 19% to 11.46 million metric tons, driving net sales of $11.05 billion and adjusted EBIT of $302 million. Softseed processing volumes increased 44% to 3.48 million metric tons, with adjusted EBIT doubling to $209 million. Other oilseeds saw adjusted EBIT climb to $68 million on stronger specialty oils demand, while grain merchandising and milling volume more than tripled to 26.19 million metric tons, delivering adjusted EBIT of $177 million. Across segments, net sales reached $23.76 billion in Q4.
4. Integration Progress and Outlook
Bunge completed its transformational combination with Viterra in 2025, capturing initial synergies in Argentina and Canada that contributed to higher processing margins and expanded origination footprints. Integration-related costs of $200 million in Q4 are expected to taper as operational and commercial synergies accelerate. Management plans to outline long-term capital allocation priorities, projected cost savings of $150 million annually, and a refreshed growth strategy at its Investor Day on March 10.