Bunge Global SA (NYSE:BG) delivered stronger-than-expected fourth-quarter results on Wednesday, although the agribusiness group offered a restrained earnings outlook for 2026 that came in below market expectations.
Shares were little changed in after-hours trading following the release.
For the quarter, Bunge reported adjusted earnings of $1.99 per share, topping the analyst consensus of $1.89. Revenue reached $23.76 billion, exceeding expectations of $22.87 billion. Adjusted EBIT improved across all business segments, which the company said reflected “disciplined execution and the Company’s expanded footprint and capabilities” after completing its merger with Viterra.
On a full-year basis, adjusted earnings for 2025 totaled $7.57 per share, down from $9.19 in the previous year.
Looking to 2026, Bunge forecast adjusted earnings in a range of $7.50 to $8.00 per share, falling short of the $8.94 per-share consensus estimate. Management pointed to “limited forward visibility amid dynamic market conditions” as the reason for its conservative stance.
“2025 was a year of significant achievement for Bunge,” CEO Greg Heckman said. “We completed our transformational combination with Viterra, advanced major growth projects across our global network while successfully navigating evolving markets and geopolitical uncertainty.”
Operationally, the Soybean Processing and Refining segment posted modestly stronger results, largely driven by South America, with improved processing and refining performance in Argentina and Brazil. Results in Softseed Processing and Refining also improved, supported by higher average processing margins and the contribution of Viterra’s assets.
Bunge said it will provide further detail on its long-term strategy, synergy realization, and capital allocation plans at its Investor Day on March 10.