Ingredion reports Q4 FY2025 results
The company posted strong fourth-quarter and full-year 2025 financial results, reflecting improved profitability across its global ingredient portfolio.
USA – Ingredion Incorporated, a leading global provider of ingredient solutions to the food and beverage manufacturing industry, announced its fourth quarter of 2025 and full-year 2025 financial results, showcasing record profitability despite softer volumes.
For the full year, net sales reached US$7.219 billion, down 3% from US$7.430 billion in 2024, primarily due to volume declines and price/mix pressures, though gross profit rose 2% to US$1.828 billion amid cost efficiencies.
Reported diluted earnings per share (EPS) climbed 15% to US$11.18 from US$9.71, while adjusted EPS increased to US$11.13 from US$10.65, driven by robust performance in Texture & Healthful Solutions and Food & Industrial Ingredients – LATAM segments.
In the fourth quarter, net sales fell 2% to US$1.757 billion from US$1.800 billion, while operating income surged 36% to US$220 million, driven by lower restructuring and impairment charges compared with the prior year.
Texture & Healthful Solutions posted 2% quarterly sales growth to US$591 million, fueled by 4% volume gains in clean-label and specialty offerings, alongside new capacity from upgrades to the Indianapolis facility; full-year segment operating income grew 16% to US$405 million.
Food & Industrial Ingredients–LATAM saw 1% Q4 sales rise to US$587 million and a 2% increase in full-year operating income to US$493 million as market conditions stabilized.
However, Food & Industrial Ingredients – US/Canada faced headwinds, with Q4 sales down 9% to US$463 million due to operational issues and weaker sweetener demand amid elevated canned beverage prices, leading to a 16% drop in full-year operating income to US$315 million.
Cash from operations totaled US$944 million for 2025, down from US$1.436 billion amid working capital investments, while capital expenditures hit US$433 million.
The company returned US$435 million to shareholders, including US$224 million in share repurchases and US$211 million in dividends.
Total assets grew to US$7.897 billion, with cash equivalents at US$1.031 billion.
President and CEO Jim Zallie highlighted momentum in high-value solutions and anticipated US/Canada recovery in 2026.
Ingredion forecasts 2026 reported and adjusted EPS of US$11.00 to US$11.80, with net sales up low to mid-single digits and operating income growing low single digits, supported by US$820 to US$940 million in operating cash flow.
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