Bunge Global SA

BG 10-K · FY 2025

BG FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 70,329 53,108 +32.4%
Show Product Lines breakouts
Merchandising Products 16,583 8,518 +94.7%
Milling 1,545 1,555 -0.6%
Other Oilseeds Processing and Refining 4,633 4,151 +11.6%
Other Products 3 3 0.0%
Softseed Processing and Refining 11,252 6,951 +61.9%
Soybean Processing and Refining 36,313 31,930 +13.7%
Show Business Segments breakouts
Grain Merchandising and Milling · Intersegment Elimination -1,796 -1,568 -14.5%
Grain Merchandising and Milling · Operating Segments 18,128 10,073 +80.0%
Other Oilseeds Processing and Refining · Intersegment Elimination -335 -334 -0.3%
Other Oilseeds Processing and Refining · Operating Segments 4,633 4,151 +11.6%
Softseed Processing and Refining · Intersegment Elimination -1,442 -918 -57.1%
Softseed Processing and Refining · Operating Segments 11,252 6,951 +61.9%
Soybean Processing and Refining · Intersegment Elimination -661 -824 +19.8%
Soybean Processing and Refining · Operating Segments 36,313 31,930 +13.7%
Show Geography breakouts
CH 15,602 14,254 +9.5%
NL 8,612 1,328 +548.5%
Rest of world 30,478 23,339 +30.6%
US 15,637 14,187 +10.2%
Show Consolidation Items breakouts
Corporate & Other 3 3 0.0%
Corporate Non Segment 3 3 0.0%
Intersegment Elimination -4,234 -3,644 -16.2%
Operating Segments 70,326 53,105 +32.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 13,545 11,520 +17.6%
Cost of Revenue -66,920 -49,715 -34.6%
Gross Profit 3,409 3,393 +0.5%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 844 715 +18.0%
Selling, General & Administrative -2,113 -1,776 -19.0%
Show Business Segments breakouts
Grain Merchandising and Milling · Operating Segments -391 -261 -49.8%
Other Oilseeds Processing and Refining · Operating Segments -231 -254 +9.1%
Softseed Processing and Refining · Operating Segments -212 -146 -45.2%
Soybean Processing and Refining · Operating Segments -552 -465 -18.7%
Show Consolidation Items breakouts
Corporate Non Segment -727 -650 -11.8%
Interest And Other Income 202 163 +23.9%
Interest Expense -628 -471 -33.3%
Foreign Currency Transaction Gain Loss Before Tax -51 -189 +73.0%
Other Non-Operating Income (Expense) 289 442 -34.6%
Income Loss From Related Parties 26 -38 +168.4%
Show Business Segments breakouts
Grain Merchandising and Milling · Operating Segments 11 -7 +257.1%
Softseed Processing and Refining · Operating Segments -5
Soybean Processing and Refining · Operating Segments 22 -51 +143.1%
Show Consolidation Items breakouts
Corporate Non Segment -2 19 -110.5%
Operating Segments 28 -57 +149.1%
Income Before Taxes 1,134 1,524 -25.6%
Show Consolidation Items breakouts
Operating Segments 1,134 1,524 -25.6%
Income Tax Expense (Benefit) -288 -336 +14.3%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 846 1,188 -28.8%
Income Loss From Discontinued Operations Net Of Tax -3
Net Income 843 1,188 -29.0%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 33 -39 +184.6%
Net Income Loss Attributable To Noncontrolling Interest -27 -51 +47.1%
Net Income 816 1,137 -28.2%
Income Loss From Continuing Operations Per Basic Share 4.97 8.09 -38.6%
Income Loss From Discontinued Operations Net Of Tax Per Basic Share -0.02
EPS (Basic) 4.95 8.09 -38.8%
Income Loss From Continuing Operations Per Diluted Share 4.93 7.99 -38.3%
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share -0.02
EPS (Diluted) 4.91 7.99 -38.5%
Revenue 16,944 15,550 +9.0%
Show Business Segments breakouts
Grain Merchandising and Milling · Operating Segments 2,234 2,165 +3.2%
Other Oilseeds Processing and Refining · Operating Segments 4,471 4,075 +9.7%
Softseed Processing and Refining · Operating Segments 3,618 3,150 +14.9%
Soybean Processing and Refining · Operating Segments 6,618 6,157 +7.5%
Show Consolidation Items breakouts
Corporate & Other 3 3 0.0%
Other Revenue 53,385 37,558 +42.1%
Show Business Segments breakouts
Grain Merchandising and Milling · Operating Segments 15,894 7,908 +101.0%
Other Oilseeds Processing and Refining · Operating Segments 162 76 +113.2%
Softseed Processing and Refining · Operating Segments 7,634 3,801 +100.8%
Soybean Processing and Refining · Operating Segments 29,695 25,773 +15.2%
Research & Development 28 30 -6.7%
Comprehensive Income 1,383 489 +182.8%
Wtd Avg Shares (Basic) 165,042,767 140,539,652 +17.4%
Wtd Avg Shares (Diluted) 166,466,940 142,223,221 +17.0%
Net Income Loss Available To Common Stockholders Basic 816 1,137 -28.2%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,135 3,311 -65.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 226 534 -57.7%
Time Deposits Under Trade Structured Finance Program 208
Accounts Receivable 3,870 2,148 +80.2%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 3 2 +50.0%
Inventory 13,198 6,491 +103.3%
Show Business Segments breakouts
Grain Merchandising and Milling 4,233 959 +341.4%
Other Oilseeds Processing and Refining · Operating Segments 924 899 +2.8%
Softseed Processing and Refining · Operating Segments 2,663 1,082 +146.1%
Soybean Processing and Refining · Operating Segments 5,378 3,551 +51.5%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 58 54 +7.4%
Assets Of Disposal Group Including Discontinued Operation Current 191 8 +2287.5%
Other Assets Current 5,789 4,000 +44.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 37 35 +5.7%
Total Current Assets 24,391 15,958 +52.8%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 324 625 -48.2%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 4,436 3,007 +47.5%
Marketable Securities (Current) 861 484 +77.9%
Show Investment Type breakouts
Certificates Of Deposit 503 136 +269.9%
Equity Securities 4 21 -81.0%
Foreign Government Debt Securities 146 229 -36.2%
Other 208 98 +112.2%
Non-Current Assets
Operating Lease Right-of-Use Assets 1,686 932 +80.9%
Goodwill 3,141 453 +593.4%
Show Business Segments breakouts
Grain Merchandising and Milling 889 119 +647.1%
Other Oilseeds Processing and Refining 95 92 +3.3%
Softseed Processing and Refining 1,160 73 +1489.0%
Soybean Processing and Refining 997 169 +489.9%
Show Business Acquisition breakouts
ViOil 20
Deferred Tax Assets 890 645 +38.0%
Other Non-Current Assets 938 557 +68.4%
Total Assets 44,528 24,899 +78.8%
Show Business Segments breakouts
Grain Merchandising and Milling · Operating Segments 14,104 4,483 +214.6%
Other Oilseeds Processing and Refining · Operating Segments 3,805 3,182 +19.6%
Softseed Processing and Refining · Operating Segments 7,649 2,638 +190.0%
Soybean Processing and Refining · Operating Segments 16,345 10,109 +61.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 1,038 1,149 -9.7%
Show Consolidation Items breakouts
Corporate Non Segment 2,625 4,487 -41.5%
Operating Segments 41,903 20,412 +105.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 8,096 5,516 +46.8%
Property, Plant & Equipment (Q)
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 714 455 +56.9%
Intangible Assets 309 321 -3.7%
Long Term Investments 136 174 -21.8%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 11,678 5,254 +122.3%
Intangible Assets Net Excluding Goodwill 309 321 -3.7%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 1,495 779 +91.9%
Current Liabilities
Short Term Borrowings 3,883 875 +343.8%
Show Short Term Debt Type breakouts
Bilateral Short-Term Credit Line 900
Commercial Paper 300
Line Of Credit 2,083 875 +138.1%
Other short-term debt 2,983 875 +240.9%
Revolving Credit Facility 600
Current Portion of Long-Term Debt 1,337 669 +99.9%
Letter Of Credit Obligations Under Trade Structured Finance Program 208
Accounts Payable 4,881 2,777 +75.8%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 81 80 +1.2%
Operating Lease Liability Current 499 286 +74.5%
Liabilities Of Disposal Group Including Discontinued Operation Current 61 10 +510.0%
Show Business Segments breakouts
Corporate And Other · Disposal Group Heldforsale Not Discontinued Operations 3
Other Oilseeds Processing and Refining · Disposal Group Heldforsale Not Discontinued Operations 58
Other Liabilities Current 4,258 2,818 +51.1%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 45 34 +32.4%
Total Current Liabilities 15,127 7,435 +103.5%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 126 114 +10.5%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 3,926 2,674 +46.8%
Accrued Liabilities 1,390 840 +65.5%
Deferred Revenue (Current) 814 501 +62.5%
Debt Current 5,220 1,544 +238.1%
Show Short Term Debt Type breakouts
Secured Debt 1,024 187 +447.6%
Non-Current Liabilities
Long-Term Debt 8,831 4,694 +88.1%
Show Long-Term Debt Type breakouts
Secured Debt 159 131 +21.4%
Deferred Tax Liabilities 988 379 +160.7%
Operating Lease Liabilities 1,097 595 +84.4%
Other Non-Current Liabilities 1,063 847 +25.5%
Long-Term Debt 10,168 5,363 +89.6%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 10,220 5,373 +90.2%
Show Debt Instrument breakouts
1.00% Senior Notes due 2028 - Euro 779
2.00% Senior Notes due 2026 575
2.75% Senior Notes due 2031 994 993 +0.1%
3.20% Senior Notes due 2031 557
3.25% Senior Notes due 2026 700 699 +0.1%
3.75% Senior Notes due 2027 599 598 +0.2%
4.10% Senior Notes due 2028 398 397 +0.3%
4.20% Senior Notes due 2029 794 793 +0.1%
4.55% Senior Notes due 2030 645
4.65% Senior Notes due 2034 791 790 +0.1%
4.90% Senior Notes due 2027 443
5.15% Senior Notes due 2035 643
5.25% Senior Notes due 2032 307
Other long-term debt 271 263 +3.0%
Term loan due 2027 - SOFR plus 1.000% 250 250 0.0%
Term loan due 2028 - SOFR plus 1.200% 250 250 0.0%
Term loan due 2028 - SOFR plus 1.225% 300
Term loan due 2028 - SOFR plus 1.225% 1,000
Show Consolidated Entities breakouts
Subsidiaries · Collateralized Debt Obligations 200
Total Liabilities (Q)
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 126 174 -27.6%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 5,150 3,881 +32.7%
Other Liabilities
Redeemable Noncontrolling Interest Equity Carrying Amount 53 4 +1225.0%
Stockholders' Equity
Registered Shares Value Issued 2 1 +100.0%
Additional Paid-In Capital 9,841 5,325 +84.8%
Retained Earnings 13,152 12,838 +2.4%
Accumulated Other Comprehensive Income -6,084 -6,702 +9.2%
Show Retirement Plan Type breakouts
Other Postretirement Benefit Plans Defined Benefit -12 -4 -200.0%
Pension Plans Defined Benefit -31 -136 +77.2%
Treasury Stock Common Value -1,007 -1,549 +35.0%
Total Stockholders' Equity 15,904 9,913 +60.4%
Minority Interest 1,465 1,032 +42.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 17,369 10,945 +58.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -43 -140 +69.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent -418 -309 -35.3%
Accumulated Other Comprehensive Income -6,084 -6,702 +9.2%
Accumulated Translation Adjustment -5,623 -6,253 +10.1%
Additional Paid In Capital 9,841 5,325 +84.8%
Noncontrolling Interest 1,465 1,032 +42.0%
Registered Shares 2 1 +100.0%
Retained Earnings 13,152 12,838 +2.4%
Treasury Stock Common -1,007 -1,549 +35.0%
Total Liabilities & Equity 44,528 24,899 +78.8%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Asset Impairment Charges 53 41 +29.3%
Foreign Currency Transaction Gain Loss Unrealized -216 174 -224.1%
Depreciation & Amortization 703 468 +50.2%
Show Business Segments breakouts
Grain Merchandising and Milling · Operating Segments 176 65 +170.8%
Other Oilseeds Processing and Refining · Operating Segments 110 116 -5.2%
Softseed Processing and Refining · Operating Segments 125 78 +60.3%
Soybean Processing and Refining · Operating Segments 265 187 +41.7%
Show Consolidation Items breakouts
Corporate Non Segment 27 22 +22.7%
Operating Segments 676 446 +51.6%
Allocated Share Based Compensation Expense 73 65 +12.3%
Deferred Income Taxes And Tax Credits -62 -10 -520.0%
Gain Loss On Disposition Of Assets1 -160 -205 +22.0%
Income Loss From Equity Method Investments -26 19 -236.8%
Other Non-Cash Items 138 65 +112.3%
Change in Accounts Receivable -469 169 -377.5%
Change in Inventory -700 96 -829.2%
Secured Advances To Suppliers 22 207 -89.4%
Increase Decrease In Accounts Payable And Accrued Liabilities 153 -538 +128.4%
Change in Deferred Revenue -58 51 -213.7%
Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1 395 262 +50.8%
Increase Decrease In Margin Deposits Outstanding -79 36 -319.4%
Recoverable Taxes Provisions Item -11 -242 +95.5%
Increase Decrease In Trading Securities 15 -36 +141.7%
Increase Decrease In Other Operating Capital Net 230 90 +155.6%
Net Cash from Operations 844 1,900 -55.6%
Deferred Income Taxes -62 -10 -520.0%
Investing Activities
Capital Expenditures -1,723 -1,376 -25.2%
Payments To Acquire Businesses Net Of Cash Acquired -4,201
Proceeds From Sale And Maturity Of Marketable Securities 2,753 887 +210.4%
Payments To Acquire Marketable Securities -2,995 -1,285 -133.1%
Payments For Proceeds From Hedge Investing Activities -85 71 -219.7%
Proceeds From Sale Of Property Plant And Equipment 953 8 +11812.5%
Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates 100 728 -86.3%
Payments To Acquire Interest In Subsidiaries And Affiliates -72 -61 -18.0%
Other Investing Activities 43 -86 +150.0%
Net Cash from Investing -5,227 -1,114 -369.2%
Financing Activities
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less 1,094 137 +698.5%
Proceeds From Short Term Debt Maturing In More Than Three Months 2,096 1,064 +97.0%
Repayments Of Short Term Debt Maturing In More Than Three Months -1,327 -1,077 -23.2%
Proceeds From Issuance Of Long Term Debt 3,602 2,045 +76.1%
Repayments Of Long Term Debt -2,370 -753 -214.7%
Debt Issuance Costs -29 -24 -20.8%
Share Repurchases -551 -1,100 +49.9%
Payments Of Dividends Common Stock -459 -378 -21.4%
Proceeds From Contributed Capital 30 53 -43.4%
Proceeds From Minority Shareholders 206
Payments For Repurchase Of Redeemable Noncontrolling Interest -18
Proceeds From Payments For Other Financing Activities -45 -57 +21.1%
Net Cash from Financing 2,229 -90 +2576.7%
Supplemental
Income Taxes Paid 186 520 -64.2%
Interest Paid 562 434 +29.5%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -8 9 -188.9%
Net Change in Cash -2,162 705 -406.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,166 3,328 -65.0%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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