Bunge Ltd
BMV:BG
Bunge Ltd
Bunge Ltd., a global agribusiness and food company, weaves its narrative from the roots up, beginning with the essential task of sourcing and processing agricultural commodities. Founded in 1818, Bunge has transformed into a linchpin of the global food supply chain, dealing in grains and oilseeds that are the foundation of countless products. Operating across nearly 40 countries, the company has established a formidable infrastructure to connect farmers, who produce the raw materials, with consumers who rely on the finished products. The business thrives on its ability to manage complex logistics, vast networks of grain silos, and cutting-edge processing facilities that crush oilseeds into meal for animal feed and edible oils for cooking.
The heart of Bunge’s profitability lies in its integrated operations that capitalize on various stages of the agricultural supply chain to extract value. By leveraging its extensive asset base and trading acumen, Bunge adeptly navigates the volatile world of commodity markets, managing risks and optimizing returns. Revenue streams flow from processing activities, where soybeans, canola, and other seeds are transformed into valuable end products. Moreover, Bunge’s merchandising capability, which involves buying, selling, and storing agricultural commodities, turns market fluctuations into opportunities. This relentless focus on efficiency and strategic positioning up and down the supply chain has enabled Bunge to maintain a pivotal role in feeding the world, all while delivering robust returns to its stakeholders.
Bunge Ltd., a global agribusiness and food company, weaves its narrative from the roots up, beginning with the essential task of sourcing and processing agricultural commodities. Founded in 1818, Bunge has transformed into a linchpin of the global food supply chain, dealing in grains and oilseeds that are the foundation of countless products. Operating across nearly 40 countries, the company has established a formidable infrastructure to connect farmers, who produce the raw materials, with consumers who rely on the finished products. The business thrives on its ability to manage complex logistics, vast networks of grain silos, and cutting-edge processing facilities that crush oilseeds into meal for animal feed and edible oils for cooking.
The heart of Bunge’s profitability lies in its integrated operations that capitalize on various stages of the agricultural supply chain to extract value. By leveraging its extensive asset base and trading acumen, Bunge adeptly navigates the volatile world of commodity markets, managing risks and optimizing returns. Revenue streams flow from processing activities, where soybeans, canola, and other seeds are transformed into valuable end products. Moreover, Bunge’s merchandising capability, which involves buying, selling, and storing agricultural commodities, turns market fluctuations into opportunities. This relentless focus on efficiency and strategic positioning up and down the supply chain has enabled Bunge to maintain a pivotal role in feeding the world, all while delivering robust returns to its stakeholders.
EPS Guidance: Bunge expects full-year 2026 adjusted EPS between $7.50 and $8, using current market conditions and futures curves, with limited benefit assumed from potential US biofuel policy changes.
Viterra Integration: The Viterra acquisition was completed, with integration delivering cost and operational synergies; $190 million in synergies are expected in 2026, ahead of schedule.
Quarterly Performance: Q4 adjusted EPS was $1.99, down from $2.13 the prior year, while adjusted segment EBIT rose to $756 million from $546 million, with all segments showing improvement.
Cash Flow & Capital Allocation: Full-year adjusted funds from operations topped $1.7 billion; $459 million was paid in dividends, $551 million in share repurchases, and $1.2 billion invested in growth CapEx.
2026 Cadence: Earnings are expected to be heavily weighted to the second half of 2026 (around a 30-70 split), with a particularly light Q1 due to market and policy uncertainty.
Market Environment: Operating conditions remain complex, with geopolitical tensions, shifting trade flows, and pending US biofuel policy creating uncertainty but also potential upside if policy is finalized.
Strong Liquidity: Year-end liquidity remains robust with about $9 billion in available credit facilities.
