Archer Daniels Midland Co. (ADM) reported its financial results for the third quarter ended Sept. 30, 2025, showing mixed performance amid a dynamic global environment. The company posted net earnings of $108 million, with adjusted net earnings of $448 million. Adjusted earnings per share (EPS) stood at 92 cents, down 16% from the prior year quarter.
Revenues for the quarter reached $20.37 billion, slightly up from $19.94 billion a year earlier. Total segment operating profit declined 19% to $845 million, reflecting challenges in key areas including lower crush margins and muted demand due to delayed biofuel policy and international trade issues.
ADM’s Agriculture Services and Oilseeds segment saw operating profit fall 21% to $379 million. While Ag Services improved 78% due to higher export activity, crushing profits dropped 93% amid margin pressures. The Carbohydrate Solutions segment’s operating profit decreased 26% to $336 million, impacted by lower global starch and sweetener demand and higher corn costs in Europe, Middle East, and Africa. However, the Nutrition segment delivered a 24% profit increase to $130 million, driven by growth in both human and animal nutrition.
Year-to-date, ADM’s net earnings declined 50% to $622 million, with adjusted EPS down 29% to $2.56. The company generated $5.8 billion in operating cash flow through the first nine months, supporting ongoing portfolio optimization and cost-saving initiatives.
Chairman and CEO Juan Luciano highlighted ADM’s focus on operational efficiency and portfolio adjustments to navigate macroeconomic uncertainties. “We advanced our portfolio optimization initiatives, accomplished cost savings through targeted streamlining, efficiently ran our plants, and generated robust cash flow,” Luciano said.
Looking ahead, ADM revised its full-year 2025 adjusted EPS guidance to $3.25 to $3.50 per share, down from an earlier estimate of about $4.00, primarily reflecting lower crush margins. The company remains committed to leveraging its asset network and skilled workforce to provide reliable support to farmers, customers, and investors through market cycles.
ADM will host a webcast on Nov. 4 to discuss results and outlook in detail.
