Financial Data and Key Metrics Changes - The reported fourth quarter earnings per share (EPS) was $0.49, a significant decrease from $4.36 in the fourth quarter of 2024, impacted by unfavorable mark-to-market timing differences and notable items related to pension plan settlements and integration costs [8][9] - Adjusted EPS for the fourth quarter was $1.99, down from $2.13 in the prior year, while adjusted segment earnings before interest and taxes (EBIT) rose to $756 million from $546 million year-over-year [9][12] - Net interest expense increased to $176 million compared to the previous year, reflecting the addition of Viterra [12] Business Line Data and Key Metrics Changes - In the soybean processing and refining segment, results improved due to higher processing and refining outcomes in Argentina and Brazil, despite lower results in North America [9][10] - The soft seed processing and refining segment saw higher results driven by better processing margins and the addition of Viterra's assets [10] - Grain merchandising and milling segment results improved due to global wheat and barley performance, offset by lower results in corn and ocean freight [11] Market Data and Key Metrics Changes - The environment remains complex with geopolitical tensions and trade flow uncertainties affecting farmer and consumer behavior [7] - The company expects full year 2026 adjusted EPS in the range of $7.50-$8, reflecting limited forward visibility particularly regarding U.S. biofuel policy [7][16] Company Strategy and Development Direction - The completion of the Viterra combination is seen as a major milestone, enhancing connectivity and information flow across the organization, which is expected to unlock durable synergies over time [4][5] - The company is focused on navigating trade flows and geopolitical volatility while connecting farmers to end market demand across food, feed, and fuel [6] - Continuous improvement and portfolio optimization are emphasized as part of the company's transformation journey [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the complex operating environment with limited visibility, particularly regarding U.S. biofuel policy, but expresses confidence in the company's ability to deliver value [7][19] - The company is optimistic about the capabilities built through the Viterra integration, which is expected to enhance customer service and risk management [18][19] Other Important Information - The company generated over $1.7 billion of adjusted funds from operations, with approximately $1.25 billion of discretionary cash flow available after capital expenditures [12][13] - The adjusted leverage ratio was 1.9 times at the end of the fourth quarter, reflecting the impact of acquisition debt from Viterra [14] Q&A Session Summary Question: Impact of RVO on margins and guidance - Management indicated that the outlook does not assume any changes from the Renewable Volume Obligation (RVO) but noted improvements in U.S. curves driven by RVO expectations [21][23] Question: Earnings cadence for the year - The company expects a first half to second half earnings split of approximately 30/70, with a lighter first half compared to typical seasonality [26][27] Question: Guidance methodology - The company confirmed that it uses the same approach for guidance based on forward curves and market conditions, without making speculative adjustments [33][34] Question: Synergies from Viterra integration - Management expects to realize about $190 million in synergies in 2026, ahead of schedule, with a run rate of approximately $220 million by year-end [50][51] Question: Biofuel policy and market opportunities - Management expressed optimism about the potential for biofuel policy to drive demand, although no significant contributions are included in the current forecast [94][96]

分组1 - Bunge Global reported quarterly earnings of $1.99 per share, exceeding the Zacks Consensus Estimate of $1.82 per share, but down from $2.13 per share a year ago, representing an earnings surprise of +9.54% [1] - The company achieved revenues of $23.76 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 8.00%, compared to $13.54 billion in revenues a year ago [2] - Bunge Global has outperformed the S&P 500, with shares increasing by approximately 31.2% since the beginning of the year, while the S&P 500 gained 1.1% [3] 分组2 - The earnings outlook for Bunge Global is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $1.64 on $23 billion in revenues, and for the current fiscal year, it is $8.95 on $94.87 billion in revenues [7] - The Agriculture - Products industry, to which Bunge Global belongs, is currently ranked in the top 12% of over 250 Zacks industries, indicating strong potential for performance [8]

Q4 2025 Earnings Results Review February 4, 2026 Forward-Looking Statements • Today's presentation includes forward-looking statements that reflect Bunge's current views with respect to future events, financial performance and industry conditions. • These forward-looking statements are subject to various risks and uncertainties. Bunge has provided additional information in its reports on file with the Securities and Exchange Commission concerning factors that could cause actual results to differ materially ...

Earnings Performance - Full-year GAAP diluted EPS decreased to $4.93 from $7.99 in the prior year, with adjusted EPS at $7.57 compared to $9.19[3] - Q4 GAAP diluted EPS was $0.49, down from $4.36 in the prior year, while adjusted EPS was $1.99 versus $2.13[3] - For the year ended December 31, 2025, Bunge reported a net income attributable to shareholders of $93 million, compared to a net loss of $14 million in 2024, resulting in a diluted earnings per share of $0.55 versus a loss of $0.10 in the previous year[39] - Adjusted Net income per share from continuing operations for the year 2025 was $7.57, down from $9.19 in 2024[61] Net Income and Sales - Net income attributable to Bunge for Q4 2025 was $95 million, a significant drop from $602 million in Q4 2024; full-year net income was $816 million compared to $1,137 million in 2024[4] - Total net sales for 2025 reached $70.329 billion, a significant increase from $53.108 billion in 2024, reflecting a growth of approximately 32.4% year-over-year[50] Operational Performance - Soybeans processed increased to 11,460 thousand metric tons in Q4 2025 from 9,645 thousand metric tons in Q4 2024, with net sales rising to $11,045 million from $8,374 million[9] - Softseeds processed rose to 3,481 thousand metric tons in Q4 2025 from 2,410 thousand metric tons in Q4 2024, with net sales increasing to $4,545 million from $1,808 million[11] - Grain merchandising volumes surged to 26,194 thousand metric tons in Q4 2025 from 8,344 thousand metric tons in Q4 2024, with net sales reaching $6,982 million compared to $2,242 million[15] EBIT and Financial Metrics - Corporate EBIT for the quarter ended December 31, 2025, was $(315) million, compared to $(164) million in the same quarter of 2024[17] - The company's EBIT for 2025 was $1.533 billion, down from $1.792 billion in 2024, indicating a decline of about 14.5%[50] - Total EBIT for Q4 2025 was $264 million, a decrease of 65.5% from $767 million in Q4 2024[61] - Adjusted Total EBIT for the year ended December 31, 2025, was $2,034 million, slightly up from $2,017 million in 2024[61] Cash Flow and Capital Expenditures - Cash provided by operating activities decreased to $844 million in 2025 from $1,900 million in 2024, primarily due to lower net income[18] - The company anticipates capital expenditures in the range of $1.5 to $1.7 billion for 2026[20] - Cash provided by operating activities for the year ended December 31, 2025, was $844 million, a decrease from $1,900 million in 2024[66] Corporate Expenses and Liabilities - Selling, general and administrative expenses increased to $2.113 billion in 2025 from $1.776 billion in 2024, reflecting a rise of approximately 18.9%[50] - Bunge's total liabilities rose to $27.106 billion in 2025, up from $13.950 billion in 2024, indicating an increase of about 94.5%[51] - The increase in Corporate expenses was primarily driven by the addition of Viterra, impacting overall financial results[17] Future Outlook - The company anticipates sharing more details on long-term outlook and capital allocation priorities at the Investor Day on March 10[2] - The company expects full-year 2026 adjusted EPS to be in the range of $7.50 to $8.00[20] - The projected Adjusted Net income per share for 2026 is provided without reconciliation to projected Net Income per share due to uncertainties in market price movements[59] Acquisitions and Investments - The company incurred $4.201 billion in acquisitions of businesses in 2025, marking a significant investment in growth strategies[53] - The integration of Viterra is expected to yield operational and commercial synergies, strengthening Bunge's market position[2] Tax and Other Income - The adjusted effective income tax rate for the full year was approximately 23% for both 2025 and 2024[19] - The company recorded a $(119) million net other income for the quarter ended December 31, 2025, compared to $206 million in 2024[16] - Certain gains and charges for the quarter included a $200 million gain, impacting overall net income[16]

ST. LOUIS--(BUSINESS WIRE)-- #Earnings--Bunge Global SA (NYSE: BG) today reported fourth quarter and full-year 2025 results. ...

Core Insights - Bunge Global SA (BG) is set to report its fourth-quarter 2025 results on February 4, with projected sales of $22 billion, reflecting a 62.5% year-over-year growth, while earnings per share (EPS) are expected to decline by 14.6% to $1.82 [1][5]. Financial Performance - The Zacks Consensus Estimate for BG's fourth-quarter sales is $22 billion, indicating a significant increase of 62.5% compared to the same quarter last year [1][5]. - The consensus estimate for earnings is $1.82 per share, which represents a year-over-year decline of 14.6% [1][5]. - Earnings estimates have decreased by 4.2% over the past 60 days [1]. Earnings Surprise History - Bunge has outperformed the consensus estimate in three of the last four quarters, with an average surprise of 11.75% [2][3]. Earnings ESP and Zacks Rank - The Earnings ESP for Bunge is currently -2.85%, and it holds a Zacks Rank of 3 (Hold), indicating that the model does not predict a definitive earnings beat this time [6][7]. Factors Influencing Q4 Performance - The fourth-quarter performance is expected to benefit from the Viterra acquisition, completed in July 2025, which has strengthened Bunge's global agricultural network and expanded its reach across major crops [7]. - The Soybean Processing and Refining segment is anticipated to show higher margins and processed volumes due to increased production capacity in Argentina [9]. - The Softseed Processing and Refining segment is also expected to improve, driven by higher average margins and contributions from Viterra's assets [10]. - In the Grain Merchandising and Milling segment, higher contributions from wheat milling and the sugar business are expected, although softer global wheat and corn merchandising may offset some gains [12]. Corporate Expenses - An increase in corporate expenses is anticipated, primarily due to the Viterra acquisition and performance-based compensation [13]. Stock Performance - Bunge's shares have increased by 51.9% over the past year, significantly outperforming the industry average growth of 2.9% [14].

Core Viewpoint - Bunge (BG) is a leading global agribusiness and food company with a market capitalization of $22.3 billion, demonstrating strong technical momentum and a 100% "Buy" opinion from Barchart [1][6][7]. Financial Performance - Bunge's stock has gained 46.19% over the past 52 weeks and is currently trading at $113.28, with a 50-day moving average of $97.99 [7]. - The company has made 18 new highs and is up 26.58% over the past month, with a Relative Strength Index (RSI) of 72.71 [7]. - Revenue is projected to increase by 30.02% this year and another 34.57% next year, while earnings are estimated to decrease by 20.11% this year and increase by 21.79% next year [8]. Analyst Ratings - Analyst sentiment is mixed, with Bunge receiving 8 "Strong Buy," 1 "Moderate Buy," and 1 "Hold" rating, and price targets ranging from $80 to $120 [8]. - Value Line rates the stock "Average" with price targets between $50 and $135, while CFRA's Market Scope rates it a "Hold" with a price target of $103 [8]. - Morningstar considers the stock to be Fairly Valued, and 19,920 investors are following the stock on Seeking Alpha, which rates it a "Hold" [8]. Technical Indicators - Bunge scored a new 3-Year high of $119.57 on January 29 [4]. - The stock has a Weighted Alpha of +59.04 and maintains its Trend Seeker "Buy" signal [7]. - The trailing price-earnings ratio is 15.3x, and the dividend yield is 2.49% [7].

Group 1 - The soft commodity sector, including grains, livestock, and dairy products, is gaining momentum and attracting market attention, alongside the strong performance of hard commodities like gold and silver [1] - The VanEck Agribusiness ETF (MOO.US) offers diversified exposure across the agricultural value chain, including fertilizers, machinery, and food processing, rather than solely betting on spot prices [1] - Nutrien (NTR.US) has seen a nearly 20% increase over the past two weeks and is considered a strong stock in the agricultural sector [1] Group 2 - CF Industries Holdings (CF.US) has risen over 18% year-to-date and has recorded four consecutive weeks of gains, marking its longest winning streak since last year [2] - Archer Daniels Midland (ADM.US) has increased approximately 17% this year, with a dividend yield close to 3%, and has recently broken through the key $65 resistance level [2] - Darling Ingredients (DAR.US) has seen a cumulative increase of about 23% over the past three months, with its stock price recently surpassing the critical $40 resistance level [2]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Bunge Global (BG) - Bunge Global currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, BG shares increased by 5.37%, outperforming the Zacks Agriculture - Products industry, which rose by 2.63% [5] - In a longer timeframe, BG's shares have risen by 20.08% over the past quarter and 47.17% over the last year, compared to the S&P 500's increases of 2.92% and 14.29%, respectively [6] Trading Volume - BG's average 20-day trading volume is 1,596,016 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, 2 earnings estimates for BG have been revised upwards, while 1 estimate was revised downwards, leading to an increase in the consensus estimate from $7.22 to $7.39 [9] - For the next fiscal year, there have been 2 upward revisions and 1 downward revision in earnings estimates [9] Conclusion - Given the positive momentum indicators and earnings outlook, BG is positioned as a solid buy candidate for investors seeking short-term gains [11]

Core Viewpoint - Allstate Corp has initiated a new position in Bunge Global SA, acquiring 4,855 shares valued at approximately $394,000 during the third quarter [2]. Institutional Investment Activity - Several institutional investors have adjusted their stakes in Bunge Global, with Geode Capital Management increasing its position by 2.3%, now holding 3,535,869 shares valued at $282.68 million after purchasing an additional 80,082 shares [3]. - LSV Asset Management raised its holdings by 2.1%, owning 2,135,862 shares worth $171.47 million after buying 43,343 shares [3]. - Norges Bank entered a new position valued at $149.38 million [3]. - Charles Schwab Investment Management increased its stake by 6.2%, now owning 1,702,989 shares valued at $136.72 million after acquiring 99,320 shares [3]. - Amundi lifted its holdings by 8.9%, owning 1,477,573 shares worth $117.29 million after buying 120,626 shares [3]. - Hedge funds and institutional investors collectively own 86.23% of Bunge Global's stock [3]. Analyst Ratings and Price Targets - BMO Capital Markets raised its price target for Bunge Global from $95.00 to $110.00, rating the stock as "outperform" [4]. - Stephens increased its price target from $85.00 to $115.00, giving an "overweight" rating [4]. - UBS Group boosted its target from $100.00 to $108.00 [4]. - JPMorgan Chase & Co. raised its target from $109.00 to $117.00, maintaining an "overweight" rating [4]. - Zacks Research upgraded the stock from "hold" to "strong-buy" [4]. - The average rating for the stock is "Buy" with an average target price of $110.67 [4]. Company Financial Performance - Bunge Global reported earnings of $2.27 per share for the last quarter, exceeding the consensus estimate of $2.23 by $0.04 [6]. - The company generated revenue of $22.16 billion, slightly below the consensus estimate of $22.46 billion [6]. - The quarterly revenue increased by 71.6% compared to the same quarter last year [6]. - The net margin was 2.20% and return on equity was 9.06% [6]. - Analysts project earnings per share of 7.94 for the current year [6]. Stock Performance and Metrics - Bunge Global's stock opened at $113.55, with a market capitalization of $21.96 billion [5]. - The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.83, and a current ratio of 1.66 [5]. - The stock has a one-year low of $67.40 and a high of $114.00, with a fifty-day moving average of $96.00 and a two-hundred-day moving average of $88.38 [5]. Insider Trading Activity - VP Christos Dimopoulos sold 25,300 shares at an average price of $94.37, totaling approximately $2.39 million, resulting in a 19.49% decrease in ownership [7]. - Following the sale, the VP holds 104,537 shares valued at about $9.87 million [7]. - Company insiders own 0.80% of the company's stock [7]. Company Overview - Bunge Global is a leading agribusiness and food company involved in processing oilseeds and grains, producing sugar and bioenergy, and supplying fertilizers [9]. - The company operates an integrated value chain that includes origination, processing, and distribution, serving food processors, livestock producers, and retail customers globally [9]. - Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane [9].