Bunge Global to see revenue slide slow ahead of Viterra merger close

Bunge Global (NYSE: BG) is laying the groundwork for a recovery following two years of sharp revenue declines, as it nears completion of its acquisition of Viterra, a global agriculture network that connects producers and consumers to supply agricultural products. The US agribusiness giant has overhauled its portfolio and shifted from a regional matrix-based structure to a more centralized global operating model.

While 2025 is set to mark a third consecutive year of revenue contraction, the pace of decline is expected to ease. Consensus estimates from Visible Alpha forecast a -1% year-on-year dip in revenue to $52.6 billion, following steeper falls of -10.8 in 2024 and -11.4% in 2023.

Segment-wise, the outlook is more tempered. Agribusiness revenue is projected to fall -3%, an improvement from the -10% decline last year. Milling Products is expected to contract -2%, compared with an -18% drop previously. Meanwhile, the Refined and Specialty Oils segment is forecast to return to growth, rising +6% after a -13% fall in 2024.

However, earnings remain under pressure. Diluted earnings per share (EPS) is forecast to fall -6% to $7.50 in 2025, after plunging -46% last year amid softer agricultural markets, rising supply, and uncertainty over global demand. Analysts have also been watching for clarity on US tax credits for renewable diesel, as well as trade tensions with major partners including China, Canada, Mexico, and the EU.

The company’s long-awaited merger with Viterra is now close to the finish line after securing final regulatory approval from China recently. This marked the last major hurdle for the deal, which had faced scrutiny in several jurisdictions. Canada and the EU granted conditional clearance, while Australia raised competition concerns. The transaction is now expected to close by early July.