Written Commentary
CHICAGO–(BUSINESS WIRE)– ADM (NYSE: ADM) today reported financial results for the fourth quarter and the full year ended December 31, 2025, and provided its current outlook for 2026.
Fourth-quarter 2025 Key Takeaways:
- Net earnings of $456 million, with adjusted net earnings 1 of $422 million
- EPS 2 of $0.94, with adjusted EPS 1,2 of $0.87
Full-year 2025 Key Takeaways:
- Net earnings of $1.1 billion, with adjusted net earnings 1 of $1.7 billion
- EPS 2 of $2.23, with adjusted EPS 1,2 of $3.43
- Cash flows provided by operating activities of $5.5 billion, with cash flows from operations before working capital 1,3 of $2.7 billion
“2025 was marked by a dynamic global trade landscape, and ongoing uncertainty around U.S. biofuel policy created a challenging operating environment for ADM. Despite these external headwinds, the business units showed impressive resilience and we delivered meaningful progress in the areas within our control. We advanced portfolio optimization initiatives, executed targeted cost-reduction actions, improved plant efficiency, generated strong cash flow, and achieved an important safety milestone by having the lowest injury rate on record,” said Chair of the Board and CEO Juan Luciano.
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