ADM reports Q4 2025 results, provides 2026 guidance

USA – Archer‑Daniels‑Midland Company (ADM) reported financial results for the fourth quarter and full year ended December 31, 2025, and provided its current outlook for 2026, highlighting strong cash generation, margin recovery initiatives, and a measured view of market improvement.  

For Q4 2025, ADM posted net earnings of US$456 million and adjusted net earnings of US$422 million, with GAAP EPS of US$0.94 and adjusted EPS of US$0.87.  

For the full year 2025, ADM recorded net earnings of US$1.1 billion and adjusted net earnings of US$1.7 billion, with GAAP EPS of US$2.23 and adjusted EPS of US$3.43.   

The company generated US$5.5 billion of cash flows from operating activities and US$2.7 billion of cash flows from operations before working capital, underscoring robust cash conversion despite a dynamic global trade environment.  

Segment Outlook  

Agriculture Services and Oilseeds profit fell 31% to US$444 million in Q4, with Crushing down 69% amid North and South American margin pressures.  

For the full year, Agriculture Services and Oilseeds’ operating profit was $1.6 billion, 34% lower than in 2024.  

Carbohydrate Solutions profit dipped 6% to US$299 million while Nutrition declined 11% to US$78 million, affected by lower insurance reimbursements.   

For the full year, the Carbohydrate Solutions segment’s operating profit was US$1.2 billion, down 12% compared to the prior year.  

For the full year, the Nutrition segment’s operating profit was US$417 million, an 8% increase compared to the prior year.  

Nutrition revenue held steady at US$1.4 billion annually, with growth in flavors and specialty ingredients offsetting human and animal nutrition softness.   

The company marked its 376th consecutive quarterly dividend, underscoring its commitment to shareholders.  

For the fourth quarter of 2025, Corporate and Other Business costs increased by approximately 25% compared to the fourth quarter of 2024.   

The increase was primarily due to higher charges related to revaluation losses, including impairment, contingency, and restructuring charges, which were partially offset by lower interest expense, higher other income, and lower unallocated corporate function costs.  

2026 Outlook  

Looking to 2026, ADM guided adjusted EPS between US$3.60 and US$4.25, anticipating biofuel policy clarity and global trade improvements to bolster oilseed processing and nutrition demand.   

This outlook aligns with strategic priorities in sustainable sourcing and portfolio streamlining, positioning ADM for recovery in an over US$100 billion agribusiness landscape.  

The guidance assumes continued focus on margin recovery, disciplined capital allocation, and the execution of productivity initiatives across the company’s origination, processing, and nutrition platforms.  

ADM emphasized priorities for 2026 that include capturing efficiency gains, optimizing working capital, and selectively investing in growth areas such as plant‑based ingredients and value‑added nutrition solutions. 

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