Bunge Updates Segment Reporting and FY2025 Outlook Following Viterra Merger

Bunge Global SA, has announced changes to its segment and volume reporting to align with the company’s value chain operating structure following its combination with Viterra Limited, completed on 2 July 2025. Alongside these changes, Bunge has updated its full-year 2025 adjusted earnings per share (EPS) outlook to reflect the combined company, projecting EPS in the range of approximately $7.30 to $7.60, with second-half adjusted EPS expected between $4.00 and $4.25.

Greg Heckman, Chief Executive Officer of Bunge, stated, “We are pleased to announce our new segmentation and supplemental volume reporting, which we believe provides investors with a clear understanding of the key drivers of our combined company’s results and value chains. We are also updating our full-year 2025 adjusted EPS outlook to include the addition of Viterra to our results following the completion of our combination.”

The new segment reporting structure, effective from the third quarter of 2025, presents results under four main operating segments:

• Soybean Processing and Refining

• Softseed Processing and Refining

• Other Oilseeds Processing and Refining

• Grain Merchandising and Milling

Bunge will continue to report Corporate and Other results separately. The restructuring primarily reflects the realignment of oilseed operations by commodity type and the consolidation of grain merchandising and milling operations into a single reportable segment. These changes correspond to how the company’s CEO reviews financial information to allocate resources and assess performance.

In addition, Bunge has enhanced its volume reporting to align with the new segment structure and its primary income-generating activities. Volumes will now be reported as follows:

• Soybean Processing and Refining: oilseed volumes processed (crushed) during the period, merchandised volumes sold to third-party customers, and a supplemental refined oil production volume.

• Softseed Processing and Refining: processed oilseed volumes, merchandised sales volumes, and supplemental refined oil production volume.

• Other Oilseeds Processing and Refining: sales volumes to third-party customers.

• Grain Merchandising and Milling: sales volumes to third-party customers.

Certain prior-year Bunge standalone amounts have been recast to conform to the new segment and volume reporting structure. These adjustments do not impact previously reported consolidated balance sheets, statements of income, comprehensive income, changes in equity, redeemable noncontrolling interests, or cash flows. The recast data for the four quarters and fiscal year ended 2024, as well as the first two quarters of 2025, accompanies the announcement.

Bunge’s previous full-year 2025 adjusted EPS outlook of approximately $7.75, provided on its second-quarter earnings call on 30 July 2025, excluded the impact of the combination with Viterra. The updated outlook reflects shares issued as part of the transaction, less any repurchased through the third quarter, as well as the current margin and macroeconomic environment.

The company noted that it will provide a more detailed discussion of its full-year outlook, including specific market drivers, during its third-quarter earnings call scheduled for 5 November 2025.

This updated reporting and outlook underscore Bunge’s efforts to integrate Viterra into its operations and provide investors with a clearer view of its performance across key segments and value chains.