Core Insights - Bunge Global SA reported second-quarter 2025 adjusted earnings of $1.31 per share, exceeding the Zacks Consensus Estimate of $1.19 by 10.1%, but reflecting a 24.3% year-over-year decline due to weak segment performance [1][9] - The company completed the acquisition of Viterra, enhancing its global agricultural network, while also selling its U.S. corn milling business to streamline its portfolio [2] - Bunge Global's net sales were $12.8 billion, down 3.6% year-over-year, yet surpassing the Zacks Consensus Estimate of $11.36 billion [2] Financial Performance - The cost of sales was $12 billion, a 4% decrease from the prior year, while gross profit increased by 11% year-over-year to $738 million [3] - Selling and administrative expenses decreased by 7% year-over-year to $418 million, leading to an operating profit of $538 million, a 191% increase from the previous year [3] - Adjusted total segment operating profit fell 28% year-over-year to $293 million, with total segment operating margin contracting by 80 basis points to 2.3% [4] Segment Performance - Agribusiness segment sales declined 5% year-over-year to $9.2 billion, with adjusted operating profit down 22% to $233 million due to lower merchandising and processing results [5] - Refined & Specialty Oils segment sales rose 2% year-over-year to $3.2 billion, but adjusted operating profit dropped 40% to $116 million, impacted by poor performance in North America and Europe [7] - Milling segment sales increased by 2% year-over-year to $409 million, with adjusted operating profit declining by 4% to $27 million [8] Cash Flow and Balance Sheet - Cash used in operating activities was $1.36 billion in the first half of 2025, compared to an outflow of $0.48 billion in the same period last year, primarily due to changes in working capital [10] - Cash and cash equivalents stood at $6.8 billion at the end of Q2 2025, up from $3.3 billion at the end of 2024, while long-term debt increased to $7 billion from $4.7 billion [11] 2025 Outlook - The company maintains its adjusted earnings per share guidance of $7.75 for 2025, indicating a 15.7% year-over-year decline, excluding the impact of the Viterra acquisition [12] Stock Performance - Bunge Global's shares have decreased by 33.4% over the past year, compared to a 20.9% decline in the industry [13]