Bunge backs FY25 adjusted EPS view ~$7.75, consensus $7.79

This forecast excludes the impact of announced acquisitions and divestitures that are expected to close during the year. In Agribusiness, full-year results are forecasted to be slightly lower than our previous outlook and down from last year primarily due to lower results in Processing. In Refined and Specialty Oils, full-year results are expected to be similar to our previous outlook and down from the prior year primarily driven by a more balanced supply and demand environment in North America. In Milling, full-year results are expected to be similar to our previous outlook and up from last year. In Corporate and Other, full-year results are expected to be more favorable than our previous outlook and the prior year. Additionally, the company expects the following for 2025: an adjusted annual effective tax rate in the range of 21% to 25%; net interest expense in the range of $220 to $250 million, which is down from our previous expected range of $250 to $280 million; capital expenditures in the range of $1.5 to $1.7 billion; and depreciation and amortization of approximately $490 million.