Bunge Global (BG) investor relations material

Executive summary

• Q2 2026 delivered strong results, with GAAP diluted EPS at $3.47 (up from $2.61) and adjusted EPS at $2.00 (up from $1.31), driven by robust Soybean and Softseed Processing and Refining performance, Viterra integration, and improved market conditions.

• Net income attributable to shareholders rose 92% year-over-year to $678 million, reflecting Viterra acquisition benefits and higher segment EBIT, partially offset by increased interest and tax expenses.

• Strategic initiatives, including Investor Day priorities and long-term value creation, remain on track.

Financial highlights

• Q2 net sales surged to $24.0 billion, up from $12.8 billion year-over-year, with gross profit more than doubling to $1.68 billion.

• Adjusted segment EBIT reached $796 million, up from $373 million; adjusted total EBIT for Q2 ranged from $665 million to $1,060 million, reflecting strong segment contributions.

• Net interest expense rose to $197 million, reflecting higher debt levels post-Viterra.

• Trailing 12-month adjusted ROIC was 8.4%, exceeding cost of capital.

• Cash provided by operating activities for Q2 2026 YTD was $1,291 million; discretionary cash flow was $1,053 million.

Outlook and guidance

• Full-year 2026 adjusted EPS guidance raised to $9.25–$9.75 from $9.00–$9.50.

• Segment outlook: Soybean Processing and Refining higher, Softseed Processing and Refining slightly higher, Tropical Oils and Specialty Ingredients unchanged, Grain Merchandising and Milling lower.

• Adjusted annual effective tax rate expected at 22%–26%; net interest expense $620–$660 million; capital expenditures $1.5–$1.7 billion; depreciation and amortization ~$975 million.