Q1 25 EPS
$1.81
BEAT +38.31%
Est. $1.31
Q1 25 Revenue
$11.64B
MISS 11.20%
Est. $13.11B
vs S&P Since Q1 25
+39.4%
BEATING MARKET
BG +67.8% vs S&P +28.4%
Market Reaction
Did BG Beat Earnings? Q1 2025 Results
Bunge Global delivered a stronger-than-expected first quarter, posting adjusted diluted EPS of $1.81 against a consensus estimate of $1.31, a beat of 38.31%, even as revenue of $11.64 billion fell short of the $13.11 billion estimate by 11.20% and de… Read more Bunge Global delivered a stronger-than-expected first quarter, posting adjusted diluted EPS of $1.81 against a consensus estimate of $1.31, a beat of 38.31%, even as revenue of $11.64 billion fell short of the $13.11 billion estimate by 11.20% and declined 13.20% from the prior year. The key driver behind the earnings outperformance was a tariff-related surge in demand late in the period, as uncertainty around trade policy pulled forward farmer selling activity and customer purchasing, giving the quarter an unexpected late lift that CEO Greg Heckman described as a "better than expected start to 2025." On the segment level, Agribusiness Processing EBIT improved to $233.00 million from $180.00 million year-over-year, anchored by strength in Brazil, Europe, and Asia soy crush, while Refined and Specialty Oils remained under pressure from a more balanced supply-demand environment and U.S. Biofuel policy uncertainty. Despite the revenue shortfall, Bunge maintained its full-year 2025 adjusted EPS outlook of approximately $7.75, while trimming its net interest expense guidance to $220.00 million to $250.00 million.
Key Takeaways
- • Solid performance in Agribusiness driven by Processing, though down from last year
- • Higher results in Brazil, Europe and Asia soy crush value chains in Processing
- • Tariff-related timing shifts in demand and farmer activity benefited Q1
- • More balanced global supply and demand environment, particularly in U.S., impacted Refined and Specialty Oils
- • Improved performance in global grains and financial services in Merchandising
- • Lower ocean freight results weighed on Merchandising
- • More competitive pricing environment pressured South America Milling margins
- • Corporate expenses lower primarily due to performance-based compensation
BG YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
BG Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our team delivered a better than expected start to 2025, staying nimble in a quickly evolving market environment while continuing to serve our customers at both ends of the value chain. We announced agreements to sell our European margarine and U.S. corn milling businesses as we further align our assets with our global integrated value chains. We are in the final stage of regulatory approval for our combination with Viterra and are prepared to close quickly once received.”
— Greg Heckman, Q1 2025 Earnings Press Release
BG Earnings Trends
BG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BG EPS Trend
Earnings per share: estimate vs actual
BG Revenue Trend
Quarterly revenue: estimate vs actual
BG Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.83 | — | $21.86B | — |
| Q4 25 BEAT FY | $1.89 | $1.99 | +5.29% | $23.76B | +7.79% |
| FY Full Year | $7.34 | $7.57 | +3.11% | $70.33B | +2.50% |
| Q3 25 BEAT | $1.97 | $2.27 | +15.32% | $22.16B | -4.47% |
| Q2 25 BEAT | $1.08 | $1.31 | +20.92% | $12.77B | +2.76% |
| Q1 25 BEAT | $1.31 | $1.81 | +38.31% | $11.64B | -11.20% |