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Bunge Global SA (BG) FY2024 results: revenue $53.1 billion, down 10.8% on the year

Bunge Global SA (BG) reported revenue of $53.1 billion for fiscal 2024, the year ended 31 December 2024, down 10.8% on the year before. Net income was $1.1 billion, down 49.3%, and diluted earnings per share $7.99. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.

Revenue
$53.1 billion
-10.8% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$1.1 billion
-49.3% on the year
FY2017FY2024
Diluted EPS
$7.99
-46.3% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue53,10859,54067,232-10.8%
Cost of revenue49,71554,69563,550-9.1%
Gross profit3,3934,8453,682-30.0%
Gross margin6.4%8.1%5.5%
Research and development30.035.033.0-14.3%
Selling, general and administrative1,7761,7151,369+3.6%
Interest expense471516403-8.7%
Pre-tax income1,5243,0512,066-50.0%
Income tax336714388-52.9%
Effective tax rate22.0%23.4%18.8%
Net income1,1372,2431,610-49.3%
Net margin2.1%3.8%2.4%
Diluted EPS$7.99$14.87$10.51-46.3%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,9003,308-5,549-42.6%
Capital expenditure1,3761,122555+22.6%
Free cash flow5242,186-6,104-76.0%
Free cash flow margin1.0%3.7%-9.1%
Cash from investing-1,114-1,0096,499
Cash from financing-90.0-856-769
Depreciation and amortisation468451408+3.8%
Share-based compensation65.069.065.0-5.8%
Buybacks1,100600200+83.3%
Dividends paid378383349-1.3%
Dividend per share$2.72$2.61$2.40+4.1%
Diluted shares, weighted142m151m153m-5.7%
Shares outstanding at period endn/an/a150m

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity9,91310,8519,224-8.6%
Non-controlling interest1,032963732+7.2%
Redeemable equity4.01.04.0+300.0%
Debt6,2384,8824,651+27.8%
Operating lease liabilities595566547+5.1%
Finance lease liabilities80.057.016.0+40.4%
Other liabilities7,0378,0529,406-12.6%
Total liabilities and equity24,89925,37224,580-1.9%
Fixed assets5,2544,5413,617+15.7%
Goodwill453489470-7.4%
Intangible assets321398360-19.3%
Investments658247282+166.4%
Cash and equivalents3,3112,6021,104+27.2%
Receivables2,1482,5922,829-17.1%
Inventory6,4917,1058,408-8.6%
Other assets6,2637,3987,510-15.3%
Total assets24,89925,37224,580-1.9%

10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.