The St. Louis-based agricultural dealer reported net income of $95 million, or 49 cents a share, a significant drop from the $602 million recorded during the same period last year. However, when excluding one-off items, Bunge posted adjusted earnings of $1.99 per share, beating the analyst consensus of $1.81. This performance came on the back of $23.76 billion in sales, which outpaced market estimates despite an 83% spike in the cost of goods sold.

Diversified Growth Amid Volatility

Aggressive expansion across Bunge’s core divisions, particularly in South America, drove revenue growth. The soybean processing and refining segment saw revenue climb 32% to $11.05 billion, bolstered by strong activity in Argentina and Brazil. Other sectors showed even more explosive volume:

• Softseed processing and refining sales more than doubled to $4.55 billion.
• Grain merchandising and milling revenue more than tripled to $6.98 billion.
• Total cost of sales reached $22.75 billion, reflecting the inflationary pressure on global crops.

Chief Executive Greg Heckman emphasized the company's ability to navigate volatile markets through its diversified global footprint. For the long term, Bunge issued a 2026 adjusted earnings forecast ranging between $7.50 and $8.00 per share, compared to its 2025 projection of $7.57. Heckman stated that while market visibility remains limited, the company’s expanded infrastructure allows it to better manage risk and connect farmers to shifting global demand for food, feed, and fuel.