Group 1 - The total revenue of the companies on the Fortune Global 500 list is approximately $41.7 trillion, which is over one-third of the global GDP, representing a growth of about 1.8% compared to last year [1] - The minimum sales revenue required to be listed increased from $32.1 billion to $32.2 billion [1] - The total net profit of the listed companies grew by approximately 0.4% year-on-year to about $2.98 trillion [1] Group 2 - In the food and beverage sector, the list of companies remains unchanged, but many did not continue the significant ranking improvements seen last year [3] - PepsiCo and Coca-Cola are exceptions, showing resilience in a challenging environment [3] Group 3 - In the "Food: Consumer Products" sub-list, the companies listed are Nestlé, PepsiCo, and Mondelez International, with PepsiCo being the only company to see an increase in ranking and growth in both revenue and profit [5] - Nestlé's revenue increased by 0.2% to $103.7495 billion, while its profit decreased by 0.9% to $12.361 billion [6] - PepsiCo's revenue grew by 0.4% to $91.854 billion, and profit increased by 5.6% to $9.578 billion [9] Group 4 - Mondelez International's ranking dropped by 14 places to 436, with revenue growth of 1.2% to $36.441 billion, but profit decreased by 7% to $4.611 billion [9] - Mars, Inc. is not listed but has a significant revenue of $54.6 billion, which would place it at 267th if it were included [11] Group 5 - In the "Beverages" sub-list, Coca-Cola had the highest revenue growth of 2.9% to $47.061 billion [13] - Anheuser-Busch InBev and Fomento Económico Mexicano maintained stable revenue and rankings, while Heineken's revenue decreased by 1.8% [15] Group 6 - In the "Food: Food Service" sub-list, Compass Group improved its ranking by 28 places to 370, with a revenue increase of 10.5% to $42.002 billion [17] - Starbucks' ranking fell by 23 places to 441, with a slight revenue increase of 0.6% to $36.176 billion [17] Group 7 - In the "Food Production" sub-list, ADM remains at the top despite a drop of 26 places to 143, with revenue of $85.530 billion [22] - JBS and Wilmar International follow, with JBS rising 9 places to 167 [23] Group 8 - China Resources ranked 67th with a revenue of $129.624 billion, up 5 places [26] - COFCO Group ranked 133rd with a revenue of $88.26 billion, down 27 places [28] Group 9 - Walmart remains the largest company globally for the twelfth consecutive year, with a revenue increase of 5.1% to $680.985 billion and a profit increase of 25.3% to $19.436 billion [30] - Saudi Aramco leads in profit with approximately $105 billion, despite a year-on-year decline of about 13% [32] Group 10 - A total of 130 Chinese companies made the list, with 49 improving their rankings and 68 declining [34] - Pinduoduo saw the most significant ranking increase among Chinese companies, rising 176 places to 266 [34]

Market Overview - The S&P 500 and Nasdaq reached intra-day record highs but closed in the red, with the Dow down 204 points (-0.46%), S&P 500 down 18 points (-0.30%), Nasdaq down 80 points (-0.38%), and Russell 2000 down 13 points (-0.61%) [1] - Trade deals are progressing but lack the strength to drive the market higher, with Q2 earnings showing some weaknesses outside of Big Tech [2] Federal Reserve Policy - A new announcement on Fed policy is expected, with the current interest rate of 4.25-4.50% likely to remain unchanged for the fifth consecutive FOMC meeting [3] - Some analysts anticipate dissent among Fed members regarding the need for rate cuts despite current unemployment at +4.1% and inflation at +2.7% [3] Earnings Reports - **Starbucks (SBUX)**: Reported Q3 earnings of $0.50 per share, missing the consensus of $0.65, attributed to a one-time charge of $0.11. Revenues were $9.50 billion, exceeding expectations of $9.30 billion. Same-store sales fell -2% compared to a -1.3% consensus [4][5] - **Visa (V)**: Reported earnings of $2.98 per share, beating expectations of $2.86, with revenues of $10.2 billion surpassing the $9.87 billion forecast. Despite strong performance, shares fell -3% in after-hours trading [6] - **Booking Holdings (BKNG)**: Reported Q2 earnings of $55.40 per share, exceeding the $50.59 estimate, with revenues of $6.8 billion above the $6.56 billion consensus. Gross bookings reached $46.7 billion [7] - **Mondelez (MDLZ)**: Reported earnings of $0.73 per share, beating estimates by $0.05, with revenues of $8.98 billion exceeding the $8.88 billion expectation. The company faced challenges from rising cocoa prices and tariffs [8] Upcoming Market Events - The earnings season is expected to peak with reports from major companies like Microsoft and Meta Platforms, along with others such as Ford and Qualcomm [9] - Private-sector payroll data from ADP is anticipated, with a consensus of +64K jobs for July, following a previous decline of -33K [10] - Q2 GDP is projected to rebound to +2.3% from Q1's -0.5%, influenced by tariff policies and economic outlook improvements [10]

Mondelez (MDLZ) reported $8.98 billion in revenue for the quarter ended June 2025, representing a year-over- year increase of 7.7%. EPS of $0.73 for the same period compares to $0.86 a year ago. Here is how Mondelez performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for Mondelez here>>> While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

Core Insights - Mondelez (MDLZ) reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.68 per share, but down from $0.86 per share a year ago [1] - The earnings surprise was +7.35%, and the company has surpassed consensus EPS estimates three times in the last four quarters [2] - Mondelez generated revenues of $8.98 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.18% and up from $8.34 billion year-over-year [3] Earnings Performance - The company had a previous quarter earnings expectation of $0.65 per share but reported $0.74, resulting in a surprise of +13.85% [2] - The current consensus EPS estimate for the upcoming quarter is $0.82 on revenues of $9.84 billion, and for the current fiscal year, it is $3.03 on revenues of $38.49 billion [8] Stock Performance - Mondelez shares have increased approximately 16.5% since the beginning of the year, outperforming the S&P 500's gain of 8.6% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Outlook - The Food - Miscellaneous industry, to which Mondelez belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, which may impact stock performance [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which investors can track [6]

Product Innovation - Hershey and Mondelez are combining Reese's peanut butter cup and Oreo cookie [1] - The combination is in response to consumer demand [1]

Financial Data and Key Metrics Changes - The company reported good Q2 results with strong pricing, although volume mix remained flat after accounting for downsizing [5] - The bottom line was slightly better than expected, indicating overall financial health [5] Business Line Data and Key Metrics Changes - The chocolate category showed significant pricing increases and revenue growth management (RGM) actions aligning with expectations [6] - The biscuits category in North America is experiencing a decline in volume, while emerging markets are showing double-digit growth [10][12] Market Data and Key Metrics Changes - North America is facing consumer anxiety and a focus on essential items, leading to a decline in the biscuits category [9][10] - Emerging markets, particularly Brazil, India, and Mexico, are experiencing sustained volume and value growth despite softer consumer confidence [11][12] Company Strategy and Development Direction - The company aims to boost productivity and implement incremental pricing in North America to counteract inflation and improve profitability [14][16] - There is a focus on maintaining share gains in alternate channels such as club and dollar stores [16] Management Comments on Operating Environment and Future Outlook - Management does not anticipate a material rebound in the North American category for the remainder of the year, citing ongoing consumer sentiment challenges [13][17] - The company remains cautious about the impact of cocoa prices and consumer behavior on future earnings, with a focus on maintaining gross profit dollar growth [45][46] Other Important Information - The company is actively managing its debt and share repurchase strategy, indicating a pragmatic approach to capital deployment [65] - There is no significant impact from GLP-1 drugs on current volumes, with economic factors being the primary driver of consumer behavior [67][69] Q&A Session Summary Question: Insights on key geographies and North America actions - Management highlighted a strong quarter in Europe but acknowledged challenges in North America, emphasizing the need for demand-driving actions [4][6] Question: Clarification on guidance for the second half - Management confirmed that the guidance reflects a realistic view of the tougher areas, particularly in chocolate and the U.S. market [20][23] Question: Cocoa market outlook and pricing strategy - Management discussed favorable cocoa market fundamentals and potential pricing strategies for 2026, indicating a cautious but optimistic approach [25][44] Question: Impact of consumer behavior on pricing and volume - Management reassured that the planned pricing increases are selective and aimed at protecting key consumer price points [54][56] Question: Retailer destocking in North America - Management attributed retailer destocking to cash flow management and a slowdown in consumption, indicating a strategy to shift focus to value channels [75][76]

Financial Data and Key Metrics Changes - The company reported good overall Q2 results with slight better-than-expected bottom line performance despite volume mix being flattish when adjusted for downsizing [6][7] - The company maintained its full-year outlook, indicating confidence in its financial performance [7] Business Line Data and Key Metrics Changes - The chocolate category showed significant pricing increases and strong performance, aligning with expectations [7] - The biscuits category in North America is experiencing a decline in volume, while emerging markets are showing double-digit growth with sustained volume and value increases [11][39] Market Data and Key Metrics Changes - North America is facing consumer anxiety and a focus on essential items, leading to a decline in the biscuits category [9][10] - Emerging markets, particularly Brazil, India, and Mexico, are performing well despite softer consumer confidence [11][12] Company Strategy and Development Direction - The company is focusing on pricing strategies and cost control to boost profitability, especially in North America [14][16] - There is a plan to increase productivity and explore opportunities in alternate channels to offset challenges in traditional retail [16][17] Management's Comments on Operating Environment and Future Outlook - Management does not anticipate a material rebound in the North American category for the remainder of the year, citing ongoing consumer sentiment issues [13][17] - The company is cautious about the impact of cocoa prices and consumer behavior on future performance, particularly in the context of inflation and economic uncertainty [25][42] Other Important Information - The company is actively managing its debt and share repurchase strategy, indicating a pragmatic approach to capital deployment [62][64] - There is no significant impact from GLP-1 drugs on current volumes, with economic factors being the primary driver of consumer behavior [66][68] Q&A Session Summary Question: Insights on key geographies and actions in North America - Management highlighted a strong performance in Europe and challenges in North America, with plans for incremental pricing and cost control measures [5][13] Question: Clarification on guidance for the second half - Management reaffirmed guidance, accounting for tougher areas like chocolate and North America, while remaining vigilant on market conditions [19][20] Question: Cocoa market outlook and pricing strategy - Management discussed favorable cocoa market fundamentals and potential pricing strategies for 2026, emphasizing the need for careful monitoring [24][25] Question: Impact of consumer behavior on North American volumes - Management attributed volume declines to economic anxiety rather than GLP-1 drugs, indicating a minimal effect from the latter [66][68] Question: Retailer destocking in North America - Management explained that retailer destocking was driven by cash flow management and an overall slowdown in consumption, with expectations for recovery in Q3 [71][74]

Financial Performance - Q2 2025 - Organic Net Revenue grew by 5.6%, driven by a 7.1 percentage point increase in pricing, offset by a 1.5 percentage point decline in volume/mix[11] - Adjusted Gross Profit decreased by 11.3%[11] - Adjusted EPS decreased by 14.5%[11] - Free Cash Flow YTD 2025 reached $0.8 billion[11] Financial Performance - YTD 2025 - Organic Net Revenue grew by 4.3%, with a 6.8 percentage point increase from pricing and a 2.5 percentage point decline in volume/mix[11] - Adjusted Gross Profit decreased by 11.7%[11] - Adjusted EPS decreased by 16.5%[11] Regional Performance - Q2 2025 - Emerging Markets Organic Net Revenue grew by 10.2%, with a 0.8 percentage point decline in volume/mix[24] - Developed Markets Organic Net Revenue grew by 2.7%, with a 1.8 percentage point decline in volume/mix[24] - North America revenue growth decreased 3.4% with volume/mix decreasing 2.4 percentage points[32] - Europe revenue growth increased 12.5% with volume/mix decreasing 1.3 percentage points[32] Category Performance - Q2 2025 - Chocolate Organic Net Revenue grew by 16.9%, with a 3.8 percentage point decline in volume/mix[26] - Biscuits & Baked Snacks Organic Net Revenue grew by 1.6%, with a 0.1 percentage point increase in volume/mix[26] Outlook - The company is maintaining its 2025 outlook, expecting approximately 5% Organic Net Revenue growth and over $3 billion in Free Cash Flow[50]

[PART I FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents Mondelēz International's unaudited condensed consolidated financial statements for Q2 and H1 2024-2025, covering earnings, cash flows, and comprehensive notes [Condensed Consolidated Statements of Earnings](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Earnings) Q2 2025 net revenues increased to **$8.98 billion** with net earnings at **$641 million**, while H1 2025 net revenues grew to **$18.30 billion**, but net earnings decreased to **$1.04 billion** Key Earnings Data (in millions, except per share data) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net revenues** | $8,984 | $8,343 | $18,297 | $17,633 | | **Gross profit** | $2,937 | $2,797 | $5,367 | $7,547 | | **Operating income** | $1,172 | $854 | $1,852 | $3,581 | | **Net earnings attributable to Mondelēz International** | $641 | $601 | $1,043 | $2,013 | | **Diluted EPS attributable to Mondelēz International** | $0.49 | $0.45 | $0.80 | $1.49 | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to **$71.02 billion**, total liabilities rose to **$44.77 billion** due to higher debt, and total equity slightly decreased to **$26.25 billion** Balance Sheet Summary (in millions) | Account | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $12,750 | $13,242 | | **Total Assets** | $71,020 | $68,497 | | **Total Current Liabilities** | $19,883 | $19,549 | | **Long-Term Debt** | $18,116 | $15,664 | | **Total Liabilities** | $44,773 | $41,539 | | **Total Equity** | $26,247 | $26,958 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) H1 2025 net cash from operating activities decreased to **$1.40 billion**, with **$591 million** used in investing and **$862 million** in financing, including **$1.65 billion** in share repurchases and **$1.23 billion** in dividends Cash Flow Summary for the Six Months Ended June 30 (in millions) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $1,400 | $2,146 | | **Net cash used in investing activities** | $(591) | $(847) | | **Net cash used in financing activities** | $(862) | $(1,604) | | **Capital expenditures** | $(582) | $(666) | | **Repurchases of Common Stock** | $(1,653) | $(1,074) | | **Dividends paid** | $(1,233) | $(1,151) | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail key accounting policies and events, including the **Evirth acquisition**, a **$282 million** pension settlement loss, **$1.6 billion** in share repurchases, and a Q2 2025 effective tax rate of **26.9%** - On November 1, 2024, the company acquired Evirth, a Chinese cake and pastry manufacturer, for **$255 million** in cash, resulting in **$125 million** of goodwill assigned to the AMEA segment[31](index=31&type=chunk)[33](index=33&type=chunk) - In Q2 2025, the company recognized a non-cash pre-tax settlement loss of **$282 million** from the buy-out conversion of the Mondelēz Global LLC Retirement Plan for U.S. salaried employees[74](index=74&type=chunk) - A new share repurchase program authorizing up to **$9.0 billion** was approved effective January 1, 2025. In the first six months of 2025, the company repurchased **27 million shares** for approximately **$1.6 billion**[87](index=87&type=chunk)[88](index=88&type=chunk) - The effective tax rate for Q2 2025 was **26.9%**, down from **34.7%** in Q2 2024, driven by the jurisdictional mix of earnings and lower mark-to-market losses on derivatives[96](index=96&type=chunk) Net Revenue by Product Category - Q2 2025 vs Q2 2024 (in millions) | Category | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Biscuits & Baked Snacks | $4,575 | $4,357 | +5.0% | | Chocolate | $2,661 | $2,233 | +19.2% | | Gum & Candy | $950 | $957 | -0.7% | | Beverages | $227 | $266 | -14.7% | | Cheese & Grocery | $571 | $530 | +7.7% | | **Total Net Revenues** | **$8,984** | **$8,343** | **+7.7%** | [Management's Discussion and Analysis (MD&A)](index=30&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 2025 performance, noting a **7.7%** net revenue increase and **5.6%** organic growth, but Adjusted EPS decreased **12.0%** to **$0.73** due to higher input costs and unfavorable volume/mix [Overview and Recent Developments](index=30&type=section&id=Overview%20and%20Recent%20Developments) The company faces macroeconomic challenges including elevated cocoa prices, continued operations in Russia (**4.0%** of Q2 revenue), and a newly approved **$1.2 billion** multi-year ERP system upgrade program - The company expects to continue facing significantly higher operating costs, particularly for cocoa, as market prices have increased significantly and are likely to remain elevated[110](index=110&type=chunk) - In Q2 2025, Russia generated **4.0%** of consolidated net revenue, up from **2.9%** in Q2 2024. The company has suspended new capital investments and advertising in Russia but continues operations to maintain food supply continuity[114](index=114&type=chunk) - In July 2024, the Board approved a **$1.2 billion** multi-year program to upgrade global ERP and supply chain systems, with expected completion by year-end 2028[121](index=121&type=chunk) [Consolidated Results of Operations](index=37&type=section&id=Consolidated%20Results%20of%20Operations) Q2 2025 net revenues grew **7.7%** to **$9.0 billion** with **5.6%** organic growth, but Adjusted Operating Income margin contracted to **14.3%**, and Adjusted EPS fell **12.0%** to **$0.73** due to higher input costs Q2 2025 vs Q2 2024 Performance Summary | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Net Revenues | $8,984M | $8,343M | +7.7% | | Organic Net Revenue (Non-GAAP) | $8,814M | $8,343M | +5.6% | | Operating Income | $1,172M | $854M | +37.2% | | Adjusted Operating Income (Non-GAAP) | $1,283M | $1,492M | -14.0% | | Diluted EPS | $0.49 | $0.45 | +8.9% | | Adjusted EPS (Non-GAAP) | $0.73 | $0.83 | -12.0% | - Q2 Organic Net Revenue growth of **5.6%** was driven by a **+7.1 percentage point** impact from pricing, partially offset by a **-1.5 percentage point** impact from unfavorable volume/mix[148](index=148&type=chunk) - Adjusted Operating Income (constant currency) decreased by **$239 million** in Q2, primarily driven by higher input costs (**-$860M**) and unfavorable volume/mix (**-$129M**), which were not fully offset by higher net pricing (**+$589M**) and lower SG&A (**+$141M**)[150](index=150&type=chunk) [Results of Operations by Reportable Segment](index=46&type=section&id=Results%20of%20Operations%20by%20Reportable%20Segment) In Q2 2025, Europe's revenue surged **18.7%** and AMEA grew **14.7%**, while North America's revenue fell **3.5%** and Latin America decreased **3.1%**, with most segments experiencing operating income declines Q2 2025 Net Revenue Change by Segment | Segment | Q2 2025 Net Revenue (M) | % Change vs Q2 2024 | Key Drivers | | :--- | :--- | :--- | :--- | | Latin America | $1,194 | -3.1% | Unfavorable currency (-8.5pp) and volume/mix (-2.2pp), offset by pricing (+7.6pp) | | AMEA | $1,821 | +14.7% | Higher pricing (+7.9pp), acquisition impact (+6.4pp), and favorable volume/mix (+0.7pp) | | Europe | $3,412 | +18.7% | Higher pricing (+13.8pp) and favorable currency (+6.2pp), offset by unfavorable volume/mix (-1.3pp) | | North America | $2,557 | -3.5% | Unfavorable volume/mix (-2.4pp) and lower pricing (-1.0pp) | Q2 2025 Segment Operating Income Change | Segment | Q2 2025 Op. Income (M) | % Change vs Q2 2024 | | :--- | :--- | :--- | | Latin America | $133 | -7.6% | | AMEA | $271 | -6.6% | | Europe | $514 | -6.5% | | North America | $454 | -16.7% | [Liquidity and Capital Resources](index=51&type=section&id=Liquidity%20and%20Capital%20Resources) H1 2025 net cash from operations decreased to **$1.4 billion**, total debt increased to **$20.9 billion**, and the company paid **$1.23 billion** in dividends while increasing the Q3 dividend by **6%** - Net cash from operating activities decreased to **$1.4 billion** in H1 2025 from **$2.1 billion** in H1 2024, primarily due to lower cash-basis net earnings and working capital movements[202](index=202&type=chunk)[203](index=203&type=chunk) - Total debt rose to **$20.9 billion** at June 30, 2025, from **$17.7 billion** at December 31, 2024[210](index=210&type=chunk) - A quarterly cash dividend was declared at **$0.50 per share**, a **6%** increase, payable in October 2025[206](index=206&type=chunk) [Commodity Trends](index=52&type=section&id=Commodity%20Trends) The company faces significant cost pressures, primarily from elevated cocoa prices, which are expected to remain high, potentially impacting profitability despite mitigation efforts through hedging and pricing actions - The primary driver of increased aggregate commodity costs in H1 2025 was higher cocoa prices, along with packaging, dairy, energy, and other ingredients[213](index=213&type=chunk) - The company expects to face elevated cocoa costs in the near- and medium-term and acknowledges it may not be able to increase prices sufficiently to fully cover these incremental costs, potentially leading to a significant adverse impact on profitability[216](index=216&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=56&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company is exposed to market risks from currency, commodity, and interest rates, using derivative instruments to mitigate earnings fluctuations and adverse impacts on operating results - The company's main market risk exposures are to currency exchange rates, commodity prices, and interest rates[223](index=223&type=chunk) - Derivative instruments are principally used to reduce significant, unanticipated earnings fluctuations from market volatility[224](index=224&type=chunk) [Controls and Procedures](index=56&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[226](index=226&type=chunk) - No material changes to internal control over financial reporting occurred during the quarter ended June 30, 2025[227](index=227&type=chunk) [PART II OTHER INFORMATION](index=57&type=section&id=PART%20II%20OTHER%20INFORMATION) [Legal Proceedings](index=57&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 10 for details on legal proceedings, including an ongoing class action lawsuit related to 2011 wheat futures and a settled European Commission investigation - Information regarding legal proceedings is detailed in Note 10, Commitments and Contingencies[229](index=229&type=chunk) [Risk Factors](index=57&type=section&id=Item%201A.%20Risk%20Factors) There were no material changes to the risk factors previously disclosed in the company's 2024 Annual Report on Form 10-K - There were no material changes to the risk factors disclosed in the company's 2024 Annual Report on Form 10-K[230](index=230&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=57&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) In Q2 2025, the company repurchased approximately **1.7 million shares** at an average price of **$64.46**, with **$7.4 billion** remaining under the current repurchase authorization through December 31, 2027 Issuer Purchases of Equity Securities for Q2 2025 | Period | Total Shares Purchased | Average Price Paid per Share | Value of Shares Remaining for Repurchase (M) | | :--- | :--- | :--- | :--- | | April 2025 | 588,992 | $64.70 | $7,507 | | May 2025 | 1,134,281 | $64.33 | $7,434 | | June 2025 | 945 | $67.22 | $7,434 | | **Total Q2** | **1,724,218** | **$64.46** | **$7,434** | - A new **$9.0 billion** share repurchase program is authorized through December 31, 2027. As of June 30, 2025, approximately **$7.4 billion** remained under this authorization[232](index=232&type=chunk) [Other Information](index=57&type=section&id=Item%205.%20Other%20Information) No directors or executive officers adopted or terminated Rule 10b5-1(c) trading plans or other non-Rule 10b5-1 trading arrangements during Q2 2025 - During Q2 2025, no directors or executive officers adopted or terminated insider trading arrangements under Rule 10b5-1(c)[234](index=234&type=chunk) [Exhibits](index=58&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with Form 10-Q, including employee benefit plans, CEO and CFO certifications, and financial statements in iXBRL format - Exhibits filed include management compensatory plans, CEO/CFO certifications (Rules 13a-14(a)/15d-14(a) and Section 906), and iXBRL data files[235](index=235&type=chunk)

Exhibit 99.1 1-847-943-5678 1-847-943-5454 news@mdlz.com ir@mdlz.com Second Quarter Highlights 1 Net Revenues +7.7%, Organic Net Revenues +5.6%, Volume/Mix -1.5% Diluted EPS increased 8.9% to $0.49 Adjusted EPS was $0.73 which declined 14.5% on a constant currency basis Year-to-date cash provided by operating activities was $1.4 billion and Free Cash Flow was $0.8 billion Return of capital to shareholders was $2.9 billion in the first half of the year Announcing +6% increase to quarterly dividend CHICAGO, I ...