Archer Daniels Midland Co. (ADM) reported second-quarter 2025 net earnings of USD 219 million, down from a year earlier, with adjusted net earnings of USD 452 million. Earning per share (EPS) was USD 0.45, while adjusted EPS fell 10% to USD 0.93.

Revenue performance was pressured by weaker margins in key segments, with total segment operating profit down 10% to USD 830 million. Year-to-date, ADM posted USD 632 million in earnings before income taxes, down 57% from the same period in 2024.

The company tightened its full-year adjusted EPS guidance to about USD 4.00, saying improved margins are expected to benefit mainly in Q4 and beyond.

In Ag Services & Oilseeds, profit dropped 17% as lower demand, trade policy uncertainty, and weaker vegetable oil markets hit results. Crushing fell 75%, while Refined Products and Other rose 14%. Animal Nutrition improved on stronger margins and cost controls.

CEO Juan Luciano said ADM is advancing cost-saving realignments and portfolio simplification, and that biofuel policy clarity should help the business exit 2025 with “strong momentum.”