Bunge Beats Q1 Earnings Estimates Despite Revenue Drop

Bunge Global reported a first-quarter net profit of $201 million, or $1.48 per share, down from $244 million, or $1.68 per share, a year earlier, with revenue falling to $11.64 billion from $13.42 billion. Despite the declines, adjusted earnings of $1.81 per share surpassed analyst estimates of $1.28 to $1.35. The company's performance was supported by higher processing margins, tariff-related timing shifts, and increased export volumes of crops such as corn and soybeans, although the core agribusiness segment experienced a 16.2% revenue decrease. Bunge reaffirmed its 2025 adjusted earnings outlook of $7.75 per share and cited ongoing confidence amid market uncertainties, including U.S. biofuel policy uncertainty. The refined and specialty oils segment benefited from a more balanced global supply and demand environment. Overall, Bunge exceeded earnings expectations and remains optimistic for the year.