BGBunge Global
We are a premier agribusiness solutions company, connecting farmers to consumers and delivering essential food, feed and fuel to the world. 10-K, Item 1
- Employees
- 34,000
- Headquarters
- Geneva, V8
- CEO
- Gregory A. Heckman
- Next results
- around Feb 3, 2027
8 paragraphs in Risk Factors of the 10-K filed Feb 19, 2026 with nothing like them in the 10-K filed Feb 20, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 31 Consumer staples companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
We participate in an intensely competitive industry with numerous global and regional competitors. Over the past few years, certain of our competitors have added oilseed processing and refining capacity in response to growing demand. Additionally, in conjunction with the recent increase in demand for renewable biodiesel feedstocks, we have experienced additional competition for refining capacity from traditional petroleum companies, particularly in the United States.
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To compete effectively, we must continuously focus on improving efficiency in our production and distribution operations, including through business optimization initiatives, developing and offering products that meet customer needs, optimizing our geographic presence in key markets, developing and maintaining appropriate market share and customer relationships, supporting socially responsible and sustainable corporate and business practices, and promoting our environmental stewardship.
We also compete for talent in our industries, particularly commercial personnel. Competition could cause us to lose market share and talented employees, exit certain lines of business, increase marketing or other expenditures, increase our raw material costs or reduce pricing, each of which could have an adverse effect on our business and profitability.
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capital markets in the future on favorable terms, as well as impair our ability to compete effectively relative to competitors with higher credit ratings.
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•Our ability to successfully combine the legacy businesses of Bunge and Viterra;
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Glencore PLC ("Glencore"), Canada Pension Plan Investment Board ("CPP Investments"), and British Columbia Investment Management Corporation, shareholders of Viterra at the time of the acquisition, represent approximately 17%, 14% and 3%, respectively, of our outstanding registered shares, or in the aggregate approximately 34% of Bunge's outstanding registered shares as of December 31, 2025. At the closing of the Acquisition, we entered into shareholder's agreements with each of Glencore and CPP Investments, pursuant to which, among other things, each of Glencore and CPP Investments will have the right to designate:
•two individuals for nomination to the Board of Bunge so long as such shareholder continues to own at least 10% of the total outstanding registered shares; and
•one individual for nomination to the Board so long as such shareholder continues to own at least 5% but less than 10% of the outstanding registered shares.
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New in the latest 10-Q
18 paragraphs in the 10-Q filed Oct 29, 2026 with nothing like them in the 10-Q filed Jul 29, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Effective October 2, 2026, Bunge extended the maturity date of its existing $ 1.1 billion 364-day revolving credit agreement (the "$ 1.1 Billion 364-Day Revolving Credit Agreement") to October 1, 2027. Bunge had no borrowings outstanding at September 30, 2026 under the $ 1.1 Billion 364-Day Revolving Credit Agreement.
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Effective October 3, 2026, Bunge extended the maturity date of its existing $ 4.2 billion 5-year revolving credit agreement (the "$ 4.2 Billion Revolving Credit Agreement") to October 3, 2031. Bunge had no borrowings outstanding at September 30, 2026 under the $ 4.2 Billion Revolving Credit Agreement.
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Also, effective October 3, 2026, Bunge extended the maturity date of its existing $ 3.5 billion 3-year revolving agreement (the "$ 3.5 Billion Revolving Facility Agreement") to October 3, 2029. Bunge had $ 1,150 million of borrowings outstanding at September 30, 2026 under the $ 3.5 Billion Revolving Facility Agreement.
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Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
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Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
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Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
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Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
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Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
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Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
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Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
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Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
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Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
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Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
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Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
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Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
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(1) See Note 13 - Debt to our condensed consolidated financial statements for a description of current period activity related to these facilities, including October 2026 actions resulting in extended maturities.
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As of US$ in millions September 30, 2026 September 30, 2025 December 31, 2025 Short-term debt $ 6,471 $4,446 $3,883 Long-term debt, including current portion 10,275 11,143 10,168 Total debt $ 16,746 $15,589 $14,051 Nine Months Ended September 30, 2026 Nine Months Ended September 30, 2025 Year Ended
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Market risk
September 30, 2026 December 31, 2025 (US$ in millions) Value Market Value Market
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 29, 2026 against Item 1A of the 10-K filed Feb 19, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
Read in the 10-Q ↗
In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A. Risk Factors” in our 2025 Annual Report on Form 10-K, which could materially affect our business, financial condition or future results. The risks described in our Annual Report on Form 10-K are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition, and/or operating results.
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
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