ADM(US:ADM)2025-11-04 13:30Financial Performance - Q2 2025 - Adjusted Earnings Per Share decreased by 10% compared to the prior year quarter[6] - Total Segment Operating Profit was $830 million, a decrease of 10% compared to the prior year quarter, attributed to lower total segment operating profit[6] - Adjusted Return on Invested Capital (ROIC) was 69%[45] - Cash flows from operations before working capital decreased by $459 million due to lower total segment operating profit[7] Financial Performance - 1H 2025 - Adjusted Earnings Per Share was $163, a decrease of 35% compared to the prior year period[6] - Total Segment Operating Profit was $16 billion, a decrease of 26% compared to the prior year period[6] - Cash flows from operations before working capital was $12 billion[6] Segment Performance - Ag Services & Oilseeds segment operating profit declined by 17% in Q2 2025 compared to Q2 2024, with Ag Services down 7% and Crushing down 75%, while RPO rose 14%[14] - Carbohydrate Solutions segment operating profit decreased by 6% in Q2 2025 compared to Q2 2024, driven by lower international volumes and margins in Starches & Sweeteners[17] - Nutrition segment achieved an approximate 5% increase in both revenue and operating profits in Q2 2025 compared to Q2 2024, with Human Nutrition revenue up approximately 4% and Animal Nutrition revenue holding steady[24] Cash Flow and Capital Allocation - Invested $596 million in capital expenditures in 1H 2025, with capex now expected to be in the range of $13 billion - $15 billion for 2025[28] - Returned $495 million of excess cash to shareholders through dividends during 1H 2025[28] Full Year 2025 Outlook - The company expects adjusted earnings per share of approximately $400[31]