Bunge Global SA (BG) FY2025 results: revenue $70.3 billion, up 32.4% on the year

Bunge buys, stores, transports, processes, sells and distributes agricultural commodities and related products, and provides financial, risk management and logistics services around them. The filing describes the company as a leading global oilseed processor and producer of vegetable oils and protein meal on processing capacity and volume, a leading global grain merchandiser on volume, a leading seller of packaged plant-based oils worldwide, and a leading producer of wheat flours, bakery mixes and related products in South America. It traces its history to 1818 as a trading company in Amsterdam and now operates in more than 50 countries, with facilities in North and South America, Europe and Asia-Pacific. It is incorporated under Swiss law and domiciled in Geneva, having moved the holding company from Bermuda on 1 November 2023, with corporate headquarters in Chesterfield, Missouri. There are four reportable segments and a Corporate and Other category.

Soybeans

The purchase, storage, transportation, processing, distribution, refining, marketing and sale of soybeans and soybean products, along with biodiesel and fertiliser. Soybeans become protein meals and crude and refined vegetable oils and fats for the food, animal feed and biofuel industries, with processing capacity 47% in South America, 25% in North America, 15% in Asia-Pacific and 13% in Europe. Buyers are animal feed manufacturers, livestock producers, biofuel companies, other oilseed processors and users of refined oil, and the filing names ADM, Cargill, Louis Dreyfus, Wilmar and COFCO International as competitors. To secure its annual supply, particularly in Brazil, the company finances the farmers it buys from. In March 2025 it sold 40% of its Spanish subsidiary Bunge Iberica to Repsol while keeping control of it.

Softseeds

Canola, rapeseed and sunflower seed and the meals and oils made from them, plus biodiesel, with capacity 53% in Europe, 30% in North America, 13% in South America and 4% in Asia-Pacific. In 2025 Bunge bought the ViOil oilseed crush operation in western Ukraine, and in February 2023 it completed the disposal of its Russian operations.

Other oilseeds

Specialty products: palm oil, palm kernel oil, shea butter, coconut oil, other seed oils, soy protein concentrates and textured soy flour, refined, fractionated and blended at plants in North America, Europe, Asia-Pacific and Africa, with tolling operations in South America. The segment covers both business-to-business and consumer offerings and takes in the 80% owned Loders joint venture with IOI Corporation Berhad, while soy protein concentrate is made mainly in North America. Customers run from baked goods companies, snack producers, confectioners, restaurant chains and pet food companies to grocery chains and wholesalers buying own-brand or private label. In August 2025 the company agreed to buy the lecithin, soy protein concentrate and crush businesses of International Flavors and Fragrances, and in March 2025 it agreed to sell its European margarines and spreads business, both due to close in 2026.

Grain and milling

Corn, wheat, barley, cotton, pulses and sugar, with wheat and sugar milling assets mostly in South America and related ocean freight and financial services. The principal purchasers of grain are animal feed manufacturers, livestock producers and wheat and corn millers, while milling output goes to food processing, bakery and food service companies. A logistics network of trucks, railcars, river barges and ocean freight vessels, usually leased or contracted, feeds port terminals in major grain exporting regions. Financial services cover trade structured finance and risk management products for producers and end users of commodities. The North American corn milling business was sold in 2025.

Viterra and the group

The acquisition of Viterra closed on 2 July 2025 in a stock and cash transaction and affects the soybean, softseed and grain segments. Corporate and Other holds unallocated corporate costs including Viterra integration, Bunge Ventures, captive insurance, receivables securitisation and the historical results of the former sugar and bioenergy segment, whose 50% interest in BP Bunge Bioenergia was sold in October 2024. The company employed approximately 34,000 people at 31 December 2025, 43% in South America, 24% across Europe, the Middle East and Africa, 20% in North America and 13% in Asia-Pacific, many of them represented by labour unions under collective bargaining agreements.

From Bunge's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 19 February 2026: read the full 10-K.