Research · Sep 3, 2026
Bunge Global FY25 revenue $70.33B (+32% on Viterra combination); op income $1.30B (-20%); NI $816M (-28%); EPS $4.91. Adj EPS ~$7.40 FY25 (vs $7.99 FY24). Viterra combination completed Q3 — first quarter as combined company. End-to-end value chain operating model + One Bunge integration. Soybean Processing higher in all regions Q4. Softseed Processing higher in Argentina + Europe (Viterra assets). $1.2B growth capex; $551M buybacks; ~$1.7B adj funds from operations. Total debt $16.95B (+138% YoY for Viterra). FY26 guide: adj EPS $7.50-$8.00; capex $1.5-$1.7B; net interest $575-$620M; D&A ~$975M.
Research · Apr 30, 2026
Bunge raised FY26 adjusted EPS guidance by ~20% on strong Q1 processing results and Viterra integration gains, but the filing reveals a $122M swing in grain merchandising EBIT that the tape has overlooked. Processing strength is structural (Viterra capacity), but the guidance raise is partially inflated by $336M in mark-to-market timing differences and elevated integration costs that may not normalize as quickly as assumed.
Research · Apr 10, 2026
War disruptions choke sugar exports from a key hub, spiking prices to benefit producers ADM and BG while pressuring Hershey, Mondelez, and KDP margins. Bunge leads conviction with 32% revenue growth and attractive P/E; Hershey trails as most vulnerable.
Research · Apr 10, 2026
Bunge Global approved a performance-based executive incentive program on March 26, 2026, linking compensation to Viterra acquisition synergies through 2028. Post-merger revenue surged 32% to $70.3B in FY2025, but margins compressed; this alignment could unlock FCF and EPS growth. Bullish on BG shares amid 33% 3M gains and attractive valuation.
