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Bunge Business Segments

Business, geographic, and product segment breakdowns

Bunge generates $80.5B in annual revenue across 4 key segments: Grain Merchandising and Milling ($22.9B), Softseed Processing and Refining ($13.6B), Soybean Processing and Refining ($39.2B), and Tropical Oils and Specialty Ingredients ($1.2B). Based on the Q1 2026 filing.

Grain Merchandising and Milling (TTM)$22.9BSoftseed Processing and Refining (TTM)$13.6BSoybean Processing and Refining (TTM)$39.2BTropical Oils and Specialty Ingredients$1.2B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$24.3B
P/E Ratio35.59
ROE5.13%

Products & Services

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Merchandising Products$2.1B$4.1B$4.1B$4.1B$4.1B—
Other Products$750K$750K$750K$750K$750K—

Geographic

Total assessment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Brazil$5M$461M$24M$30M$0$594M

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rest of world$1.6B———$3.2B—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rest of world$5.8B$7.6B$7.6B$7.6B$7.6B—

Business Segments

Disposal Group, Including Discontinued Operation, Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Tropical Oils and Specialty Ingredients—————$193M
Other Oilseeds Processing and Refining————$180M—

Liabilities held for sale (Note 2)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Tropical Oils and Specialty Ingredients—————$58M
Other Oilseeds Processing and Refining————$58M—

Additions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling$0$199.3M$199.3M$199.3M$199.3M—
Other Oilseeds Processing and Refining$0$0$0$0$0—
Softseed Processing and Refining$0$267.5M$267.5M$267.5M$267.5M—
Soybean Processing and Refining$500K$203M$203M$203M$203M—

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$232M$150M$194M$195M$251M$153M
Tropical Oils and Specialty Ingredients—$124M———$114M
Grain Merchandising and Milling$33M$18M$31M$59M$75M$42M
Softseed Processing and Refining$42M$11M$15M$37M$45M$24M

Cost, Depreciation, Amortization and Depletion

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$49M$49M$52M$78M$85M$84M
Grain Merchandising and Milling$14M$16M$12M$77M$58M$65M
Softseed Processing and Refining$21M$19M$21M$42M$43M$42M
Tropical Oils and Specialty Ingredients—$22M———$26M

Cost, Direct Material

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$7.4B$6B$6.8B$9.9B$10.2B$8.7B
Grain Merchandising and Milling$1.9B$2.2B$2.2B$6.1B$6.4B$6.9B
Softseed Processing and Refining$1.5B$1.3B$1.3B$3.1B$4.1B$3.5B
Tropical Oils and Specialty Ingredients—$899M———$905M

Cost, Industrial, Fixed

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$201M$200M$213M$248M$264M$266M
Grain Merchandising and Milling$64M$62M$67M$120M$183M$136M
Softseed Processing and Refining$71M$64M$77M$127M$119M$133M
Tropical Oils and Specialty Ingredients—$67M———$82M

Depreciation, depletion and amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$50M$49M$52M$78M$86M$84M
Grain Merchandising and Milling$16M$17M$12M$83M$64M$70M
Softseed Processing and Refining$20M$19M$21M$44M$41M$43M
Tropical Oils and Specialty Ingredients—$30M———$34M

Disposals

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling$0$0$0$0$0—
Other Oilseeds Processing and Refining$0$0$0$0$0—
Softseed Processing and Refining$0$0$0$0$0—
Soybean Processing and Refining$0$0$0$0$0—

EBIT

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$409M$271M$460M$337M$157M$209M
Tropical Oils and Specialty Ingredients—$5M———$110M
Grain Merchandising and Milling$177M$46M$187M$21M$211M-$76M
Softseed Processing and Refining$140M$82M$19M$236M$184M$76M

Foreign currency translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling-$2M$0$0$0$0—
Other Oilseeds Processing and Refining-$2.3M$4.5M$4.5M$4.5M$4.5M—
Softseed Processing and Refining-$1.8M$4.3M$4.3M$4.3M$4.3M—
Soybean Processing and Refining-$4.3M$4M$4M$4M$4M—

Goodwill, Foreign Exchange Translation Of Accumulated Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling$0$0$0$0$0—
Other Oilseeds Processing and Refining-$250K$2M$2M$2M$2M—
Softseed Processing and Refining-$250K$0$0$0$0—
Soybean Processing and Refining-$250K$0$0$0$0—

Goodwill, Gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling$122M———$892M—
Other Oilseeds Processing and Refining$142M———$153M—
Softseed Processing and Refining$92M———$1.2B—
Soybean Processing and Refining$205M———$1B—

Goodwill, Impaired, Accumulated Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling$3M———$3M—
Other Oilseeds Processing and Refining$50M———$58M—
Softseed Processing and Refining$19M———$19M—
Soybean Processing and Refining$36M———$36M—

Goodwill, Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling$0$0$0$0$0—
Other Oilseeds Processing and Refining$0$0$0$0$0—
Softseed Processing and Refining$0$0$0$0$0—
Soybean Processing and Refining$0$0$0$0$0—

Goodwill, Written off Related to Sale of Business Unit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling$0$6.8M$6.8M$6.8M$6.8M—
Other Oilseeds Processing and Refining$0$0$0$0$0—
Softseed Processing and Refining$0$0$0$0$0—
Soybean Processing and Refining$0$0$0$0$0—

Income (loss) from affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining—$11M$2M$6M$3M$5M
Grain Merchandising and Milling—-$1M$2M$2M$8M$0
Softseed Processing and Refining$0-$5M—$0—$0
Tropical Oils and Specialty Ingredients—$0———$0

Inventories (Note 5)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$3.6B——$6.6B$5.4B$7.5B
Grain Merchandising and Milling$959M——$3.6B$4.2B$4B
Softseed Processing and Refining$1.1B——$2.2B$2.7B$3B
Tropical Oils and Specialty Ingredients————$924M$1B

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$8.4B$6.7B$7.8B$10.9B$11B$9.6B
Grain Merchandising and Milling$2.2B$2.4B$2.3B$6.4B$7B$7.2B
Softseed Processing and Refining$1.8B$1.5B$1.5B$3.7B$4.5B$3.9B
Tropical Oils and Specialty Ingredients—$1.1B———$1.2B

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining-$19.3M$45M———-$46M
Tropical Oils and Specialty Ingredients—-$5M———-$17M
Grain Merchandising and Milling$13.5M$30M———$6M
Softseed Processing and Refining-$11.3M$8M———$1M
Other Oilseeds Processing and Refining-$17M-$7M-$7M-$7M-$7M—

Ownership interest (as a percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling————50.0%—
Soybean Processing and Refining————50.0%—

Readily marketable inventories at fair value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$3.2B——$6B$4.8B$6.9B
Grain Merchandising and Milling$805M——$3.3B$3.9B$3.7B
Softseed Processing and Refining$878M——$1.9B$2.4B$2.5B
Tropical Oils and Specialty Ingredients————$306M$403M

Reclassification to assets held for sale

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Grain Merchandising and Milling—$0$0$0$0—
Other Oilseeds Processing and Refining—-$1.8M-$1.8M-$1.8M-$1.8M—
Softseed Processing and Refining—$0$0$0$0—
Soybean Processing and Refining—$0$0$0$0—

Sales from commodity contracts (ASC 815)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$6.8B$5.4B$6.2B$9.2B$9B$7.7B
Grain Merchandising and Milling$1.7B$1.9B$1.8B$5.8B$6.3B$6.6B
Softseed Processing and Refining$974M$714M$686M$2.8B$3.5B$2.8B
Tropical Oils and Specialty Ingredients—$10M———$23M

Selling, General and Administrative Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$121M$109M$113M$143M$187M$143M
Grain Merchandising and Milling$58M$59M$62M$145M$125M$127M
Softseed Processing and Refining$42M$35M$38M$58M$81M$61M
Tropical Oils and Specialty Ingredients—$58M———$61M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Soybean Processing and Refining$10.1B$11.5B—$18.8B$16.3B$18.6B
Grain Merchandising and Milling$4.5B$5.1B—$14.1B$14.1B$14.3B
Softseed Processing and Refining$2.6B$2.6B—$7.1B$7.6B$7.9B
Tropical Oils and Specialty Ingredients—$3.3B———$4.1B

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Oilseeds Processing and Refining$92M———$95M—

Aggregate amortization expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Refined and Specialty Oils Segment$5.3M$5.3M$5.3M$5.3M$5.3M—