Bunge Reports Third Quarter 2025 Results
Bunge Global SA (NYSE: BG) today reported third quarter 2025 results.
-
Q3 GAAP diluted EPS from continuing operations of
$0.86 $1.56 $2.27 $2.29 - Strong execution across value chains leveraging increased footprint and capabilities, particularly in Soybean and Softseed Processing and Refining
-
Repurchased
$545 million -
Continue to expect adjusted full-year 2025 EPS in the range of
$7.30 $7.60 $4.00 $4.25
- Overview
Greg Heckman, Bunge’s Chief Executive Officer said, “In our first full quarter since closing the Viterra transaction, our combined team delivered strong results in a complex market and regulatory environment across nearly all regions. We’re beginning to realize the benefits of our expanded global platform. By aligning the business around our proven end-to-end value chain model, we’re unlocking efficiencies—optimizing our footprint, coordinating larger flows, and running at higher utilization, while serving customers more effectively.”
“Even in a challenging external environment, our people, assets, and systems position us to adapt with agility, manage risk with discipline, and continue connecting farmers with consumers of essential food, feed, and fuel. The advantages we’re capturing today will compound over time, driving greater long-term value for all stakeholders.”
- Financial Highlights
Three Months Ended
|
|
Nine Months Ended
|
|||||||||||
(US$ in millions, except per share data) |
|
2025 |
|
|
2024 |
|
|
|
2025 |
|
|
2024 |
|
Net income attributable to Bunge |
$ |
166 |
|
$ |
221 |
|
|
$ |
721 |
|
$ |
535 |
|
Net income per share from continuing operations-diluted (a) |
$ |
0.86 |
|
$ |
1.56 |
|
|
$ |
4.62 |
|
$ |
3.73 |
|
|
|
|
|
|
|
||||||||
Mark-to-market timing differences (b) |
$ |
0.87 |
|
$ |
0.16 |
|
|
$ |
0.57 |
|
$ |
1.91 |
|
Certain (gains) & charges (c) |
$ |
0.54 |
|
$ |
0.57 |
|
|
$ |
0.37 |
|
$ |
1.42 |
|
Adjusted Net income per share from continuing operations-diluted (a)(d) |
$ |
2.27 |
|
$ |
2.29 |
|
|
$ |
5.56 |
|
$ |
7.06 |
|
|
|
|
|
|
|
||||||||
Segment EBIT (d) (e) |
$ |
671 |
|
$ |
537 |
|
|
$ |
1,731 |
|
$ |
1,427 |
|
Mark-to-market timing differences (b) |
|
246 |
|
|
3 |
|
|
|
120 |
|
|
343 |
|
Certain (gains) & charges (c) |
|
7 |
|
|
19 |
|
|
|
(148 |
) |
|
19 |
|
Adjusted Segment EBIT (d) |
$ |
924 |
|
$ |
559 |
|
|
$ |
1,703 |
|
$ |
1,789 |
|
|
|
|
|
|
|
||||||||
Corporate and Other EBIT (d)(f) |
$ |
(268 |
) |
$ |
(130 |
) |
|
$ |
(462 |
) |
$ |
(402 |
) |
Certain (gains) & charges (c) |
|
101 |
|
|
62 |
|
|
|
171 |
|
|
185 |
|
Adjusted Corporate and Other EBIT (d) |
$ |
(167 |
) |
$ |
(68 |
) |
|
$ |
(291 |
) |
$ |
(217 |
) |
|
|
|
|
|
|
||||||||
Total EBIT (d) |
$ |
403 |
|
$ |
407 |
|
|
$ |
1,269 |
|
$ |
1,025 |
|
Mark-to-market timing differences (b) |
|
246 |
|
|
3 |
|
|
|
120 |
|
|
343 |
|
Certain (gains) & charges (c) |
|
108 |
|
|
81 |
|
|
|
23 |
|
|
204 |
|
Adjusted Total EBIT (d) |
$ |
757 |
|
$ |
491 |
|
|
$ |
1,412 |
|
$ |
1,572 |
|
| (a) |
In the third quarter of 2025, Bunge concluded the sale of Viterra Limited's ("Viterra") business in |
|
| (b) | Mark-to-market timing impact of certain commodity and freight contracts, readily marketable inventories ("RMI"), and related economic hedges associated with committed future operating capacity and sales. See note 2 in the Additional Financial Information section of this release for details. |
|
| (c) | Certain (gains) & charges included in Total earnings before interest and tax ("EBIT") and Net income attributable to Bunge. See Additional Financial Information for details. |
|
| (d) |
Segment earnings before interest and tax ("Segment EBIT"), Adjusted Segment EBIT, Corporate and Other EBIT, Adjusted Corporate and Other EBIT, Total EBIT, Adjusted Total EBIT, and Adjusted Net income per share from continuing operations-diluted are non-GAAP financial measures. Reconciliations to the most directly comparable |
|
| (e) | Segment EBIT comprises the aggregate EBIT of Bunge’s Soybean Processing and Refining, Softseed Processing and Refining, Other Oilseeds Processing and Refining, and Grain Merchandising and Milling reportable segments, and excludes Corporate and Other activities. |
|
| (f) | Corporate and Other includes salaries and overhead for corporate functions, including acquisition and integration costs related to the Viterra Acquisition, that are not allocated to the Company’s individual reporting segments, as well as certain other activities including Bunge Ventures, the Company's captive insurance activities, and accounts receivable securitization activities. Corporate and Other also includes historical results of Bunge's previously recognized Sugar & Bioenergy segment. |
- Third Quarter Results
Reportable Segments
Soybean Processing and Refining
|
Three Months Ended |
|
Nine Months Ended |
||||||||||
(US$ in millions) |
Sep 30, 2025 |
Sep 30, 2024 |
|
Sep 30, 2025 |
Sep 30, 2024 |
||||||||
Volumes (in thousand metric tons) |
|
|
|
|
|
||||||||
Soybeans processed |
|
12,139 |
|
|
9,343 |
|
|
|
29,553 |
|
|
27,179 |
|
Soybeans merchandised |
|
7,246 |
|
|
3,070 |
|
|
|
13,577 |
|
|
10,175 |
|
Refined soy oil production |
|
932 |
|
|
908 |
|
|
|
2,693 |
|
|
2,620 |
|
|
|
|
|
|
|
||||||||
Net Sales |
$ |
10,857 |
|
$ |
7,857 |
|
|
$ |
25,268 |
|
$ |
23,556 |
|
|
|
|
|
|
|
||||||||
Gross Profit |
$ |
498 |
|
$ |
295 |
|
|
$ |
1,391 |
|
$ |
812 |
|
|
|
|
|
|
|
||||||||
Selling, general and administrative expense |
$ |
(143 |
) |
$ |
(111 |
) |
|
$ |
(365 |
) |
$ |
(344 |
) |
|
|
|
|
|
|
||||||||
Foreign exchange gains (losses) – net |
$ |
(42 |
) |
$ |
15 |
|
|
$ |
9 |
|
$ |
(58 |
) |
|
|
|
|
|
|
||||||||
EBIT attributable to noncontrolling interests |
$ |
(3 |
) |
$ |
4 |
|
|
$ |
(13 |
) |
$ |
12 |
|
|
|
|
|
|
|
||||||||
Other income (expense) - net |
$ |
21 |
|
$ |
50 |
|
|
$ |
27 |
|
$ |
97 |
|
|
|
|
|
|
|
||||||||
Income (loss) from affiliates |
$ |
6 |
|
$ |
(31 |
) |
|
$ |
19 |
|
$ |
(56 |
) |
|
|
|
|
|
|
||||||||
Segment EBIT |
$ |
337 |
|
$ |
222 |
|
|
$ |
1,068 |
|
$ |
463 |
|
Mark-to-market timing differences |
|
141 |
|
|
45 |
|
|
|
(45 |
) |
|
449 |
|
Certain (gains) & charges |
|
— |
|
|
19 |
|
|
|
— |
|
|
19 |
|
Adjusted Segment EBIT |
$ |
478 |
|
$ |
286 |
|
|
$ |
1,023 |
|
$ |
931 |
|
Soybean Processing and Refining results improved in all regions reflecting a combination of higher margins, strong execution and the addition of Viterra’s South American assets. In our destination value chain, higher results were primarily driven by processing in
Higher processed volumes primarily reflected the combined company's increased production capacity in
Softseed Processing and Refining
|
Three Months Ended |
|
Nine Months Ended |
||||||||||
(US$ in millions) |
Sep 30, 2025 |
Sep 30, 2024 |
|
Sep 30, 2025 |
Sep 30, 2024 |
||||||||
Volumes (in thousand metric tons) |
|
|
|
|
|
||||||||
Softseeds processed |
|
3,129 |
|
|
2,135 |
|
|
|
7,270 |
|
|
6,898 |
|
Softseeds merchandised |
|
1,032 |
|
|
178 |
|
|
|
1,142 |
|
|
518 |
|
Refined oil production |
|
711 |
|
|
696 |
|
|
|
2,102 |
|
|
2,136 |
|
|
|
|
|
|
|
||||||||
Net Sales |
$ |
3,661 |
|
$ |
1,589 |
|
|
$ |
6,707 |
|
$ |
5,143 |
|
|
|
|
|
|
|
||||||||
Gross Profit |
$ |
289 |
|
$ |
168 |
|
|
$ |
443 |
|
$ |
656 |
|
|
|
|
|
|
|
||||||||
Selling, general and administrative expense |
$ |
(58 |
) |
$ |
(35 |
) |
|
$ |
(131 |
) |
$ |
(104 |
) |
|
|
|
|
|
|
||||||||
Foreign exchange gains (losses) – net |
$ |
11 |
|
$ |
3 |
|
|
$ |
43 |
|
$ |
(15 |
) |
|
|
|
|
|
|
||||||||
EBIT attributable to noncontrolling interests |
$ |
(1 |
) |
$ |
— |
|
|
$ |
(2 |
) |
$ |
— |
|
|
|
|
|
|
|
||||||||
Other income (expense) - net |
$ |
(5 |
) |
$ |
(4 |
) |
|
$ |
(10 |
) |
$ |
(14 |
) |
|
|
|
|
|
|
||||||||
Income (loss) from affiliates |
$ |
— |
|
$ |
— |
|
|
$ |
(6 |
) |
$ |
— |
|
|
|
|
|
|
|
||||||||
Segment EBIT |
$ |
236 |
|
$ |
132 |
|
|
$ |
337 |
|
$ |
523 |
|
Mark-to-market timing differences |
|
39 |
|
|
1 |
|
|
|
34 |
|
|
(33 |
) |
Certain (gains) & charges |
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
Adjusted Segment EBIT |
$ |
275 |
|
$ |
133 |
|
|
$ |
371 |
|
$ |
490 |
|
Higher Softseed Processing and Refining results were driven by higher average margins and the addition of Viterra’s softseed assets and capabilities. In
Higher softseed processed volumes primarily reflected the combined company’s increased production capacity in
Other Oilseeds Processing and Refining
|
Three Months Ended |
|
Nine Months Ended |
||||||||||
(US$ in millions) |
Sep 30, 2025 |
Sep 30, 2024 |
|
Sep 30, 2025 |
Sep 30, 2024 |
||||||||
Volumes (in thousand metric tons) |
|
639 |
|
|
665 |
|
|
|
1,881 |
|
|
1,912 |
|
|
|
|
|
|
|
||||||||
Net Sales |
$ |
1,207 |
|
$ |
1,064 |
|
|
$ |
3,442 |
|
$ |
3,034 |
|
|
|
|
|
|
|
||||||||
Gross Profit |
$ |
144 |
|
$ |
189 |
|
|
$ |
268 |
|
$ |
458 |
|
|
|
|
|
|
|
||||||||
Selling, general and administrative expense |
$ |
(57 |
) |
$ |
(63 |
) |
|
$ |
(176 |
) |
$ |
(185 |
) |
|
|
|
|
|
|
||||||||
Foreign exchange (losses) gains – net |
$ |
(2 |
) |
$ |
(7 |
) |
|
$ |
(5 |
) |
$ |
(21 |
) |
|
|
|
|
|
|
||||||||
EBIT attributable to noncontrolling interests |
$ |
(8 |
) |
$ |
(13 |
) |
|
$ |
(10 |
) |
$ |
(30 |
) |
|
|
|
|
|
|
||||||||
Other income (expense) - net |
$ |
— |
|
$ |
(3 |
) |
|
$ |
(5 |
) |
$ |
(13 |
) |
|
|
|
|
|
|
||||||||
Segment EBIT |
$ |
77 |
|
$ |
104 |
|
|
$ |
72 |
|
$ |
210 |
|
Mark-to-market timing differences |
|
(27 |
) |
|
(41 |
) |
|
|
27 |
|
|
(59 |
) |
Certain (gains) & charges |
|
1 |
|
|
— |
|
|
|
1 |
|
|
— |
|
Adjusted Segment EBIT |
$ |
51 |
|
$ |
63 |
|
|
$ |
100 |
|
$ |
151 |
|
For Other Oilseeds Processing and Refining, higher results in
Grain Merchandising and Milling
|
Three Months Ended |
|
Nine Months Ended |
||||||||||
(US$ in millions) |
Sep 30, 2025 |
Sep 30, 2024 |
|
Sep 30, 2025 |
Sep 30, 2024 |
||||||||
Volumes (in thousand metric tons) |
|
24,080 |
|
|
8,964 |
|
|
|
40,972 |
|
|
28,316 |
|
|
|
|
|
|
|
||||||||
Net Sales |
$ |
6,428 |
|
$ |
2,397 |
|
|
$ |
11,146 |
|
$ |
7,831 |
|
|
|
|
|
|
|
||||||||
Gross Profit |
$ |
143 |
|
$ |
122 |
|
|
$ |
301 |
|
$ |
391 |
|
|
|
|
|
|
|
||||||||
Selling, general and administrative expense |
$ |
(145 |
) |
$ |
(68 |
) |
|
$ |
(266 |
) |
$ |
(203 |
) |
|
|
|
|
|
|
||||||||
Foreign exchange (losses) gains – net |
$ |
(15 |
) |
$ |
1 |
|
|
$ |
(41 |
) |
$ |
(10 |
) |
|
|
|
|
|
|
||||||||
Other income (expense) - net |
$ |
37 |
|
$ |
21 |
|
|
$ |
263 |
|
$ |
64 |
|
|
|
|
|
|
|
||||||||
Income (loss) from affiliates |
$ |
2 |
|
$ |
4 |
|
|
$ |
3 |
|
$ |
(11 |
) |
|
|
|
|
|
|
||||||||
Segment EBIT |
$ |
21 |
|
$ |
79 |
|
|
$ |
254 |
|
$ |
231 |
|
Mark-to-market timing differences |
|
93 |
|
|
(2 |
) |
|
|
104 |
|
|
(14 |
) |
Certain (gains) & charges |
|
6 |
|
|
— |
|
|
|
(149 |
) |
|
— |
|
Adjusted Segment EBIT |
$ |
120 |
|
$ |
77 |
|
|
$ |
209 |
|
$ |
217 |
|
In Grain Merchandising and Milling, higher results in wheat milling and ocean freight, plus the addition of the sugar business, were partially offset by lower results in global wheat and corn merchandising. Higher volumes primarily reflected the combined company’s larger grain handling footprint and capabilities. Prior year results included corn milling, which was divested earlier this year.
Corporate and Other
|
Three Months Ended |
|
Nine Months Ended |
||||||||||
(US$ in millions) |
Sep 30, 2025 |
Sep 30, 2024 |
|
Sep 30, 2025 |
Sep 30, 2024 |
||||||||
Gross Profit |
$ |
(11 |
) |
$ |
(2 |
) |
|
$ |
(5 |
) |
$ |
(5 |
) |
|
|
|
|
|
|
||||||||
Selling, general and administrative expense |
$ |
(275 |
) |
$ |
(160 |
) |
|
$ |
(538 |
) |
$ |
(489 |
) |
|
|
|
|
|
|
||||||||
Foreign exchange gains (losses) – net |
$ |
(7 |
) |
$ |
2 |
|
|
$ |
8 |
|
$ |
3 |
|
|
|
|
|
|
|
||||||||
Other income (expense) - net |
$ |
24 |
|
$ |
23 |
|
|
$ |
71 |
|
$ |
78 |
|
|
|
|
|
|
|
||||||||
Income (loss) from affiliates |
$ |
— |
|
$ |
6 |
|
|
$ |
— |
|
$ |
8 |
|
|
|
|
|
|
|
||||||||
Corporate and Other EBIT |
$ |
(268 |
) |
$ |
(130 |
) |
|
$ |
(462 |
) |
$ |
(402 |
) |
Certain (gains) & charges |
|
101 |
|
|
62 |
|
|
|
171 |
|
|
185 |
|
Adjusted Corporate and Other EBIT |
$ |
(167 |
) |
$ |
(68 |
) |
|
$ |
(291 |
) |
$ |
(217 |
) |
Corporate
|
Three Months Ended |
|
Nine Months Ended |
||||||||||
(US$ in millions) |
Sep 30, 2025 |
Sep 30, 2024 |
|
Sep 30, 2025 |
Sep 30, 2024 |
||||||||
Corporate EBIT |
$ |
(278 |
) |
$ |
(154 |
) |
|
$ |
(485 |
) |
$ |
(462 |
) |
Certain (gains) & charges |
|
101 |
|
|
62 |
|
|
|
171 |
|
|
185 |
|
Adjusted Corporate EBIT |
$ |
(177 |
) |
$ |
(92 |
) |
|
$ |
(314 |
) |
$ |
(277 |
) |
Other
|
Three Months Ended |
|
Nine Months Ended |
||||||
(US$ in millions) |
Sep 30, 2025 |
Sep 30, 2024 |
|
Sep 30, 2025 |
Sep 30, 2024 |
||||
Other EBIT |
$ |
10 |
$ |
24 |
|
$ |
23 |
$ |
60 |
Certain (gains) & charges |
|
— |
|
— |
|
|
— |
|
— |
Adjusted Other EBIT |
$ |
10 |
$ |
24 |
|
$ |
23 |
$ |
60 |
The increase in Corporate expenses were primarily driven by the addition of Viterra and performance-based compensation. Prior year Other results included income of
Cash Flow
|
Nine Months Ended |
||||
|
Sep 30, 2025 |
Sep 30, 2024 |
|||
Cash provided by (used for) operating activities |
$ |
(503 |
) |
$ |
847 |
Certain reconciling items to Adjusted funds from operations (3) |
|
1,684 |
|
|
436 |
Adjusted funds from operations (3) |
$ |
1,181 |
|
$ |
1,283 |
Cash used for operations in the nine months ended September 30, 2025 was
Income Taxes
For the nine months ended September 30, 2025, income tax expense was
- Outlook(4)
Taking into account the current margin and macro environment and forward curves, as well as third quarter results, Bunge continues to expect full-year 2025 adjusted EPS in the range of
The Company expects the following for 2025: an adjusted annual effective tax rate in the range of
- Conference Call and Webcast Details
Bunge Global SA’s management will host a conference call at 8 a.m. Eastern (7 a.m. Central) on Wednesday, November 5, 2025 to discuss the Company’s results.
Additionally, a slide presentation to accompany the discussion of results will be posted on www.bunge.com.
To access the webcast, go to “Events & Presentations” under “News & Events” in the “Investor Center” section of the company’s website. Select “Q3 2025 Bunge Global SA Conference Call” and follow the prompts. Please go to the website at least 15 minutes prior to the call to register and download any necessary audio software.
To listen to the call, please dial 1-844-735-3666. If you are located outside
A call replay will be available later in the day on November 5, 2025, continuing through December 5, 2025. To access it, please dial 1-877-344-7529 in
- About Bunge
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~37,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they’re grown to where they’re needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in
- Website Information
We routinely post important information for investors on our website, www.bunge.com, in the "Investors" section. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases,
- Cautionary Statement Concerning Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations and projections about our future results, performance, prospects and opportunities. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward looking statements. The following factors, among others, could cause actual results to differ from these forward looking statements:
-
the impact on our employees, operations, and facilities from the war in
Ukraine and the resulting economic and other sanctions imposed onRussia , including the impact on us resulting from the continuation and/or escalation of the war and sanctions againstRussia ; - the effect of weather conditions and the impact of crop and animal disease on our business;
- the impact of global and regional economic, agricultural, financial and commodities market, political, social and health conditions;
- changes in government policies and laws affecting our business, including agricultural and trade (including tariff) policies, financial markets regulation and environmental, tax and biofuels regulation;
- the impact of seasonality;
- the impact of government policies and regulations;
- the outcome of pending regulatory and legal proceedings;
- our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances, including without limitation Bunge’s business combination with Viterra;
- the impact of industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products that we sell and use in our business, fluctuations in energy and freight costs and competitive developments in our industries;
- the effectiveness of our capital allocation plans, funding needs and financing sources;
- the effectiveness of our risk management strategies;
- operational risks, including industrial accidents, natural disasters, pandemics or epidemics, wars and cybersecurity incidents;
- changes in foreign exchange policy or rates;
- the impact of our dependence on third parties;
- our ability to attract and retain executive management and key personnel; and
- other factors affecting our business generally.
The forward looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances.
You should refer to "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 20, 2025, as well as other risks and uncertainties set forth from time to time in reports subsequently filed with the SEC.
- Additional Financial Information
Certain gains and (charges), quarter-to-date
The following table provides a summary of certain gains and (charges) that may be of interest to investors, including a description of these items and their effect on Net income (loss) attributable to Bunge, Earnings per share diluted and EBIT for the three month periods ended September 30, 2025 and 2024.
(US$ in millions, except per share data) |
Net Income (Loss)
|
Earnings
|
EBIT |
|||||||||||||||
Three months ended September 30, |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
|
|
|
|
|
|
||||||||||||
Reportable Segments: |
$ |
(7 |
) |
$ |
(19 |
) |
$ |
(0.04 |
) |
$ |
(0.13 |
) |
$ |
(7 |
) |
$ |
(19 |
) |
Soybean Processing and Refining |
$ |
— |
|
$ |
(19 |
) |
$ |
— |
|
$ |
(0.13 |
) |
$ |
— |
|
$ |
(19 |
) |
Impairment of equity method investment |
|
— |
|
|
(19 |
) |
|
— |
|
|
(0.13 |
) |
|
— |
|
|
(19 |
) |
|
|
|
|
|
|
|
||||||||||||
Softseed Processing and Refining |
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
||||||||||||
Other Oilseeds Processing and Refining |
$ |
(1 |
) |
$ |
— |
|
$ |
(0.01 |
) |
$ |
— |
|
$ |
(1 |
) |
$ |
— |
|
Acquisition and integration costs |
|
(1 |
) |
|
— |
|
|
(0.01 |
) |
|
— |
|
|
(1 |
) |
|
— |
|
|
|
|
|
|
|
|
||||||||||||
Grain Merchandising and Milling |
$ |
(6 |
) |
$ |
— |
|
$ |
(0.03 |
) |
$ |
— |
|
$ |
(6 |
) |
$ |
— |
|
Acquisition and integration costs |
|
(6 |
) |
|
— |
|
|
(0.03 |
) |
|
— |
|
|
(6 |
) |
|
— |
|
|
|
|
|
|
|
|
||||||||||||
Corporate and Other: |
$ |
(100 |
) |
$ |
(62 |
) |
$ |
(0.50 |
) |
$ |
(0.44 |
) |
$ |
(101 |
) |
$ |
(62 |
) |
Acquisition and integration costs |
|
(100 |
) |
|
(62 |
) |
|
(0.50 |
) |
|
(0.44 |
) |
|
(101 |
) |
|
(62 |
) |
|
|
|
|
|
|
|
||||||||||||
Total |
$ |
(107 |
) |
$ |
(81 |
) |
$ |
(0.54 |
) |
$ |
(0.57 |
) |
$ |
(108 |
) |
$ |
(81 |
) |
See Definition and Reconciliation of Non-GAAP Measures. |
||||||||||||||||||
Reportable Segments
Soybean Processing and Refining
EBIT for the three months ended September 30, 2024 included a
Other Oilseeds Processing and Refining
EBIT for the three months ended September 30, 2025 included
Grain Merchandising and Milling
EBIT for the three months ended September 30, 2025 included
Corporate and Other
The following is a summary of acquisition and integration costs related to the completed business combination with Viterra recorded in the Company's Condensed Consolidated Statements of Income (Loss).
|
Three Months Ended |
|||||
(US$ in millions) |
Sep 30, 2025 |
Sep 30, 2024 |
||||
Cost of goods sold |
$ |
— |
|
$ |
(5 |
) |
Selling, general and administrative expenses |
|
(101 |
) |
|
(57 |
) |
Interest expense |
|
(13 |
) |
|
(5 |
) |
Income tax (expense) benefit |
|
14 |
|
|
5 |
|
Net income (loss) |
$ |
(100 |
) |
$ |
(62 |
) |
Certain gains and (charges), year-to-date
The following table provides a summary of certain gains and (charges) that may be of interest to investors, including a description of these items and their effect on Net income (loss) attributable to Bunge, Earnings per share diluted and EBIT for the nine month periods ended September 30, 2025 and 2024.
|
|
|
|
|
|
|
||||||||||||
(US$ in millions, except per share data) |
Net Income (Loss)
|
Earnings
|
EBIT |
|||||||||||||||
Nine months ended September 30, |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
|
|
|
|
|
|
||||||||||||
Reportable Segments: |
$ |
111 |
|
$ |
(19 |
) |
$ |
0.71 |
|
$ |
(0.13 |
) |
$ |
148 |
|
$ |
(19 |
) |
Soybean Processing and Refining |
$ |
— |
|
$ |
(19 |
) |
$ |
— |
|
$ |
(0.13 |
) |
$ |
— |
|
$ |
(19 |
) |
Impairment of equity method investment |
|
— |
|
|
(19 |
) |
|
— |
|
|
(0.13 |
) |
|
— |
|
|
(19 |
) |
|
|
|
|
|
|
|
||||||||||||
Softseed Processing and Refining |
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
||||||||||||
Other Oilseeds Processing and Refining |
$ |
(1 |
) |
$ |
— |
|
$ |
(0.01 |
) |
$ |
— |
|
$ |
(1 |
) |
$ |
— |
|
Acquisition and integration costs |
|
(1 |
) |
|
— |
|
|
(0.01 |
) |
|
|
(1 |
) |
|
— |
|
||
|
|
|
|
|
|
|
||||||||||||
Grain Merchandising and Milling |
$ |
112 |
|
$ |
— |
|
$ |
0.72 |
|
$ |
— |
|
$ |
149 |
|
$ |
— |
|
Gain on sale of a business |
|
118 |
|
|
— |
|
|
0.75 |
|
|
— |
|
|
155 |
|
|
— |
|
Acquisition and integration costs |
|
(6 |
) |
|
— |
|
|
(0.03 |
) |
|
— |
|
|
(6 |
) |
|
— |
|
|
|
|
|
|
|
|
||||||||||||
Corporate and Other: |
$ |
(169 |
) |
$ |
(185 |
) |
$ |
(1.08 |
) |
$ |
(1.29 |
) |
$ |
(171 |
) |
$ |
(185 |
) |
Acquisition and integration costs |
|
(169 |
) |
|
(185 |
) |
|
(1.08 |
) |
|
(1.29 |
) |
|
(171 |
) |
|
(185 |
) |
|
|
|
|
|
|
|
||||||||||||
Total |
$ |
(58 |
) |
$ |
(204 |
) |
$ |
(0.37 |
) |
$ |
(1.42 |
) |
$ |
(23 |
) |
$ |
(204 |
) |
See Definition and Reconciliation of Non-GAAP Measures. |
||||||||||||||||||
Reportable Segments
Soybean Processing and Refining
EBIT for the nine months ended September 30, 2024 included a
Other Oilseeds Processing and Refining
EBIT for the nine months ended September 30, 2025 included
Grain Merchandising and Milling
EBIT for the nine months ended September 30, 2025 included
EBIT for the nine months ended September 30, 2025 also included a
Corporate and Other
The following is a summary of acquisition and integration costs related to the completed business combination with Viterra recorded in the Company's Condensed Consolidated Statements of Income (Loss).
|
Nine Months Ended |
|||||
(US$ in millions) |
Sep 30, 2025 |
Sep 30, 2024 |
||||
Cost of goods sold |
$ |
(3 |
) |
$ |
(5 |
) |
Selling, general and administrative expenses |
|
(168 |
) |
|
(180 |
) |
Interest expense |
|
(20 |
) |
|
(13 |
) |
Income tax (expense) benefit |
|
22 |
|
|
13 |
|
Net income (loss) |
$ |
(169 |
) |
$ |
(185 |
) |
- Condensed Consolidated Earnings Data (Unaudited)
Three Months Ended
|
|
Nine Months Ended
|
|||||||||||
(US$ in millions, except per share data) |
|
2025 |
|
|
2024 |
|
|
|
2025 |
|
|
2024 |
|
Net sales |
$ |
22,155 |
|
$ |
12,908 |
|
|
$ |
46,567 |
|
$ |
39,566 |
|
Cost of goods sold |
|
(21,092 |
) |
|
(12,136 |
) |
|
|
(44,169 |
) |
|
(37,254 |
) |
Gross profit |
|
1,063 |
|
|
772 |
|
|
|
2,398 |
|
|
2,312 |
|
Selling, general and administrative expenses |
|
(678 |
) |
|
(437 |
) |
|
|
(1,476 |
) |
|
(1,325 |
) |
Foreign exchange gains (losses) – net |
|
(55 |
) |
|
14 |
|
|
|
14 |
|
|
(101 |
) |
Other income (expense) – net |
|
77 |
|
|
87 |
|
|
|
346 |
|
|
212 |
|
Income (loss) from affiliates |
|
8 |
|
|
(20 |
) |
|
|
16 |
|
|
(58 |
) |
EBIT attributable to noncontrolling interest (a) (1) |
|
(12 |
) |
|
(9 |
) |
|
|
(29 |
) |
|
(15 |
) |
Total EBIT |
|
403 |
|
|
407 |
|
|
|
1,269 |
|
|
1,025 |
|
Interest income |
|
57 |
|
|
33 |
|
|
|
162 |
|
|
112 |
|
Interest expense |
|
(202 |
) |
|
(127 |
) |
|
|
(412 |
) |
|
(358 |
) |
Income tax (expense) benefit |
|
(86 |
) |
|
(89 |
) |
|
|
(290 |
) |
|
(236 |
) |
Noncontrolling interest share of interest and tax (a) (1) |
|
(3 |
) |
|
(3 |
) |
|
|
(5 |
) |
|
(8 |
) |
Income (loss) from continuing operations, net of tax |
|
169 |
|
|
221 |
|
|
|
724 |
|
|
535 |
|
Income (loss) from discontinued operations, net of tax |
|
(3 |
) |
|
— |
|
|
|
(3 |
) |
|
— |
|
Net income (loss) attributable to Bunge (1) |
$ |
166 |
|
$ |
221 |
|
|
$ |
721 |
|
$ |
535 |
|
|
|
|
|
|
|
||||||||
Net income (loss) attributable to Bunge shareholders - diluted |
|
|
|
|
|
||||||||
Continuing operations |
$ |
0.86 |
|
$ |
1.56 |
|
|
$ |
4.62 |
|
$ |
3.73 |
|
Discontinued operations |
|
(0.02 |
) |
|
— |
|
|
|
(0.02 |
) |
|
— |
|
Net income (loss) per share - diluted |
$ |
0.84 |
|
$ |
1.56 |
|
|
$ |
4.60 |
|
$ |
3.73 |
|
Weighted–average shares outstanding - diluted |
|
198 |
|
|
142 |
|
|
|
157 |
|
|
144 |
|
(a) The line items "EBIT attributable to noncontrolling interest" and "Noncontrolling interest share of interest and tax" when combined, represent consolidated Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests on a |
- Condensed Consolidated Balance Sheets (Unaudited)
September 30, |
|
December 31, |
|||
(US$ in millions) |
2025 |
|
2024 |
||
Assets |
|
|
|
||
Cash and cash equivalents |
$ |
1,315 |
|
$ |
3,311 |
Time deposits under trade structured finance program |
|
546 |
|
|
— |
Trade accounts receivable, net |
|
3,494 |
|
|
2,148 |
Inventories (a) |
|
13,312 |
|
|
6,491 |
Assets held for sale |
|
194 |
|
|
8 |
Other current assets |
|
7,858 |
|
|
4,000 |
Total current assets |
|
26,719 |
|
|
15,958 |
Property, plant and equipment, net |
|
11,550 |
|
|
5,254 |
Operating lease assets |
|
1,747 |
|
|
932 |
Goodwill and other intangible assets, net |
|
3,097 |
|
|
774 |
Investments in affiliates |
|
1,490 |
|
|
779 |
Other non-current assets |
|
1,695 |
|
|
1,202 |
Total assets |
$ |
46,298 |
|
$ |
24,899 |
|
|
|
|
||
Liabilities and Equity |
|
|
|
||
Short-term debt |
$ |
4,446 |
|
$ |
875 |
Current portion of long-term debt |
|
1,334 |
|
|
669 |
Letter of credit obligations under trade structured finance program |
|
546 |
|
|
— |
Trade accounts payable |
|
4,780 |
|
|
2,777 |
Current operating lease obligations |
|
491 |
|
|
286 |
Liabilities held for sale |
|
73 |
|
|
10 |
Other current liabilities |
|
4,427 |
|
|
2,818 |
Total current liabilities |
|
16,097 |
|
|
7,435 |
Long-term debt |
|
9,809 |
|
|
4,694 |
Non-current operating lease obligations |
|
1,152 |
|
|
595 |
Other non-current liabilities |
|
1,949 |
|
|
1,226 |
Total liabilities |
|
29,007 |
|
|
13,950 |
Redeemable noncontrolling interest |
|
61 |
|
|
4 |
Total equity |
|
17,230 |
|
|
10,945 |
Total liabilities, redeemable noncontrolling interest and equity |
$ |
46,298 |
|
$ |
24,899 |
(a) Includes RMI of |
|||||
- Condensed Consolidated Statements of Cash Flows (Unaudited)
Nine Months Ended
|
|||||||
(US$ in millions) |
|
2025 |
|
|
|
2024 |
|
Operating Activities |
|
|
|
||||
Net income (loss) (1) |
$ |
755 |
|
|
$ |
558 |
|
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities: |
|
|
|
||||
Foreign exchange (gain) loss on net debt |
|
(251 |
) |
|
|
39 |
|
Depreciation, depletion and amortization |
|
477 |
|
|
|
345 |
|
Share-based compensation expense |
|
54 |
|
|
|
49 |
|
Deferred income tax expense (benefit) |
|
(88 |
) |
|
|
(43 |
) |
(Gain) loss on sale of investments and property, plant and equipment |
|
(155 |
) |
|
|
(2 |
) |
Results from affiliates |
|
(16 |
) |
|
|
39 |
|
Other, net |
|
98 |
|
|
|
86 |
|
Changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions: |
|
|
|
||||
Trade accounts receivable |
|
(35 |
) |
|
|
382 |
|
Inventories |
|
(799 |
) |
|
|
(557 |
) |
Secured advances to suppliers |
|
(281 |
) |
|
|
146 |
|
Trade accounts payable and accrued liabilities |
|
(48 |
) |
|
|
(386 |
) |
Advances on sales |
|
(310 |
) |
|
|
(179 |
) |
Net unrealized (gain) loss on derivative contracts |
|
(125 |
) |
|
|
533 |
|
Margin deposits |
|
(28 |
) |
|
|
(152 |
) |
Recoverable and income taxes, net |
|
179 |
|
|
|
(148 |
) |
Marketable securities |
|
34 |
|
|
|
7 |
|
Other, net |
|
36 |
|
|
|
130 |
|
Cash provided by (used for) operating activities |
|
(503 |
) |
|
|
847 |
|
Investing Activities |
|
|
|
||||
Payments made for capital expenditures |
|
(1,185 |
) |
|
|
(887 |
) |
Acquisitions of businesses (net of cash acquired) |
|
(4,116 |
) |
|
|
— |
|
Proceeds from investments |
|
1,237 |
|
|
|
739 |
|
Payments for investments |
|
(2,471 |
) |
|
|
(872 |
) |
Settlement of net investment hedges |
|
(34 |
) |
|
|
(4 |
) |
Proceeds from disposal of business and property, plant and equipment |
|
946 |
|
|
|
6 |
|
Proceeds from sale of investments in affiliates |
|
100 |
|
|
|
103 |
|
Payments for investments in affiliates |
|
(69 |
) |
|
|
(23 |
) |
Other, net |
|
68 |
|
|
|
(19 |
) |
Cash provided by (used for) investing activities |
|
(5,524 |
) |
|
|
(957 |
) |
Financing Activities |
|
|
|
||||
Net borrowings (repayments) of short-term debt |
|
2,451 |
|
|
|
(6 |
) |
Net proceeds (repayments) of long-term debt |
|
2,252 |
|
|
|
1,284 |
|
Debt issuance costs |
|
(17 |
) |
|
|
(24 |
) |
Repurchases of registered or common shares |
|
(545 |
) |
|
|
(600 |
) |
Dividends paid to registered or common shareholders |
|
(324 |
) |
|
|
(287 |
) |
Contributions from (Return of capital to) noncontrolling interest |
|
30 |
|
|
|
41 |
|
Sale of redeemable noncontrolling interest |
|
206 |
|
|
|
— |
|
Acquisition of noncontrolling interest |
|
(18 |
) |
|
|
— |
|
Other, net |
|
(14 |
) |
|
|
(32 |
) |
Cash provided by (used for) financing activities |
|
4,021 |
|
|
|
376 |
|
Effect of exchange rate changes on cash and cash equivalents, and restricted cash |
|
3 |
|
|
|
— |
|
Net increase (decrease) in cash and cash equivalents, and restricted cash |
|
(2,003 |
) |
|
|
266 |
|
Cash and cash equivalents, and restricted cash - beginning of period |
|
3,328 |
|
|
|
2,623 |
|
Cash and cash equivalents, and restricted cash - end of period |
$ |
1,325 |
|
|
$ |
2,889 |
|
- Definition and Reconciliation of Non-GAAP Measures
This earnings release contains certain "non-GAAP financial measures" as defined in Regulation G of the Securities Exchange Act of 1934. Bunge has reconciled these non-GAAP financial measures to the most directly comparable
Total EBIT and Adjusted Total EBIT
Bunge uses earnings before interest and tax ("EBIT”) to evaluate the operating performance of its individual reportable segments as well as Corporate and Other results. Total EBIT excludes EBIT attributable to noncontrolling interests and EBIT attributable to discontinued operations. Bunge also uses Segment EBIT, Corporate and Other EBIT and Total EBIT to evaluate the operating performance of Bunge’s reportable segments and Total reportable segments together with Corporate and Other activities. Segment EBIT is the aggregate of the earnings before interest and taxes of each of Bunge’s Soybean Processing and Refining, Softseed Processing and Refining, Other Oilseeds Processing and Refining, and Grain Merchandising and Milling reportable segments. Total EBIT is the aggregate of the earnings before interest and taxes of Bunge’s reportable segments, together with its Corporate and Other activities.
Adjusted Segment EBIT, Adjusted Corporate and Other EBIT and Adjusted Total EBIT, are calculated by excluding temporary mark-to-market timing differences, as defined in note 2 below, and certain gains and (charges), as described in "Additional Financial Information" above, from Segment EBIT, Corporate and Other EBIT, and Total EBIT, respectively.
Segment EBIT, Corporate and Other EBIT, Total EBIT, Adjusted Segment EBIT, Adjusted Corporate and Other EBIT, and Adjusted Total EBIT are non-GAAP financial measures and are not intended to replace Net income (loss) attributable to Bunge, the most directly comparable
Net Income (loss) attributable to Bunge to Adjusted Net Income (loss) from continuing operations attributable to Bunge
Adjusted Net Income (loss) from continuing operations excludes temporary mark-to-market timing differences, as defined in note 2 below, and certain gains and (charges), as described in "Additional Financial Information" above, and Income (loss) from discontinued operations, net of tax and is a non-GAAP financial measure. This measure is not a measure of Net income (loss) attributable to Bunge, the most directly comparable
We also have presented projected Adjusted Net income per share from continuing operations for 2025. This information is provided only on a non-GAAP basis without reconciliation to projected Net Income per share for 2025, the most directly comparable
Below is a reconciliation of Net income (loss) attributable to Bunge, to Total EBIT, and Adjusted Total EBIT:
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||||
(US$ in millions) |
|
2025 |
|
|
2024 |
|
|
|
2025 |
|
|
2024 |
|
Net income (loss) attributable to Bunge |
$ |
166 |
|
$ |
221 |
|
|
$ |
721 |
|
$ |
535 |
|
Interest income |
|
(57 |
) |
|
(33 |
) |
|
|
(162 |
) |
|
(112 |
) |
Interest expense |
|
202 |
|
|
127 |
|
|
|
412 |
|
|
358 |
|
Income tax expense (benefit) |
|
86 |
|
|
89 |
|
|
|
290 |
|
|
236 |
|
(Income) loss from discontinued operations, net of tax |
|
3 |
|
|
— |
|
|
|
3 |
|
|
— |
|
Noncontrolling interest share of interest and tax |
|
3 |
|
|
3 |
|
|
|
5 |
|
|
8 |
|
Total EBIT |
$ |
403 |
|
$ |
407 |
|
|
$ |
1,269 |
|
$ |
1,025 |
|
|
|
|
|
|
|
||||||||
Soybean Processing and Refining EBIT |
$ |
337 |
|
$ |
222 |
|
|
$ |
1,068 |
|
$ |
463 |
|
Softseed Processing and Refining EBIT |
|
236 |
|
|
132 |
|
|
|
337 |
|
|
523 |
|
Other Oilseeds Processing and Refining EBIT |
|
77 |
|
|
104 |
|
|
|
72 |
|
|
210 |
|
Grain Merchandising and Milling EBIT |
|
21 |
|
|
79 |
|
|
|
254 |
|
|
231 |
|
Segment EBIT |
$ |
671 |
|
$ |
537 |
|
|
$ |
1,731 |
|
$ |
1,427 |
|
|
|
|
|
|
|
||||||||
Corporate and Other EBIT |
$ |
(268 |
) |
$ |
(130 |
) |
|
$ |
(462 |
) |
$ |
(402 |
) |
|
|
|
|
|
|
||||||||
Total EBIT |
$ |
403 |
|
$ |
407 |
|
|
$ |
1,269 |
|
$ |
1,025 |
|
Mark-to-market timing difference |
|
246 |
|
|
3 |
|
|
|
120 |
|
|
343 |
|
Certain (gains) & charges |
|
108 |
|
|
81 |
|
|
|
23 |
|
|
204 |
|
Adjusted Total EBIT |
$ |
757 |
|
$ |
491 |
|
|
$ |
1,412 |
|
$ |
1,572 |
|
Below is a reconciliation of Net income (loss) attributable to Bunge, to Adjusted Net income (loss) from continuing operations attributable to Bunge:
|
Three Months Ended
|
|
Nine Months Ended
|
|||||||
(US$ in millions, except per share data) |
2025 |
2024 |
|
|
2025 |
|
2024 |
|||
Net income (loss) attributable to Bunge |
$ |
166 |
$ |
221 |
|
$ |
721 |
|
$ |
535 |
Adjustment for Mark-to-market timing difference |
|
174 |
|
22 |
|
|
90 |
|
|
274 |
(Income) loss from discontinued operations, net of tax |
|
3 |
|
— |
|
|
3 |
|
|
— |
Adjusted for Certain (gains) and charges: |
|
|
|
|
|
|||||
Gain on sale of a business |
|
— |
|
— |
|
|
(118 |
) |
|
— |
Acquisition and integration costs |
|
107 |
|
62 |
|
|
176 |
|
|
185 |
Impairment of equity method and other investments |
|
— |
|
19 |
|
|
— |
|
|
19 |
Adjusted Net income (loss) from continuing operations attributable to Bunge |
$ |
450 |
$ |
324 |
|
$ |
872 |
|
$ |
1,013 |
Weighted-average shares outstanding - diluted (a) |
|
198 |
|
142 |
|
|
157 |
|
|
144 |
Adjusted Net income (loss) per share from continuing operations - diluted |
$ |
2.27 |
$ |
2.29 |
|
$ |
5.56 |
|
$ |
7.06 |
(a) There were less than 1 million anti-dilutive outstanding stock options or contingently issuable restricted stock units excluded from the weighted-average number of shares outstanding for each of the three and nine months ended September 30, 2025 and 2024. |
||||||||||
Adjusted Funds From Operations
Adjusted FFO is calculated by excluding from Cash provided by (used for) operating activities, foreign exchange gain (loss) on net debt, working capital changes, net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests, and mark-to-market timing differences after tax. Adjusted FFO is a non-GAAP financial measure and is not intended to replace Cash provided by (used for) operating activities, the most directly comparable
- Notes
(1) |
A reconciliation of Net income (loss) attributable to Bunge, to Net income (loss) is as follows: |
Three months ended
|
Nine months ended
|
|||||||||
(US$ in millions) |
|
2025 |
|
2024 |
|
|
2025 |
|
2024 |
|
Net income (loss) attributable to Bunge |
$ |
166 |
$ |
221 |
|
$ |
721 |
$ |
535 |
|
EBIT attributable to noncontrolling interest |
|
12 |
|
9 |
|
|
29 |
|
15 |
|
Noncontrolling interest share of interest and tax |
|
3 |
|
3 |
|
|
5 |
|
8 |
|
Net income (loss) |
$ |
181 |
$ |
233 |
|
$ |
755 |
$ |
558 |
|
(2) |
Mark-to-market timing difference comprises the estimated net temporary impact resulting from unrealized period-end gains/losses associated with the fair valuation of certain forward contracts, RMI, and related futures contracts associated with our committed future operating capacity and sales. The impact of these mark-to-market timing differences, which is expected to reverse over time due to the forward contracts, RMI, and related futures contracts being part of an economically-hedged position, is not representative of the operating performance of our business. |
|
|
||
(3) |
A reconciliation of Cash provided by (used for) operating activities to Adjusted funds from operations (FFO) is as follows: |
|
Nine months ended September 30, |
||||||
(US$ in millions) |
|
2025 |
|
|
|
2024 |
|
Cash provided by (used for) operating activities |
$ |
(503 |
) |
|
$ |
847 |
|
Foreign exchange gain (loss) on net debt |
|
251 |
|
|
|
(39 |
) |
Working capital changes |
|
1,377 |
|
|
|
224 |
|
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests |
|
(34 |
) |
|
|
(23 |
) |
Mark-to-Market timing difference, after tax |
|
90 |
|
|
|
274 |
|
Adjusted FFO |
$ |
1,181 |
|
|
$ |
1,283 |
|
(4) |
We have not presented a comparable |
View source version on businesswire.com: https://www.businesswire.com/news/home/20251105608909/en/
Investor Contact:
Mark Haden
Bunge Global SA
Mark.Haden@bunge.com
Media Contact:
Bunge News Bureau
Bunge Global SA
636-359-0797
news@bunge.com
Source: Bunge Global SA
