EARNINGS PER SHARE
Share information provided below, including references to Net income attributable to Bunge shareholders, Weighted-average number of shares outstanding, and Earnings per share have been calculated based on Bunge’s registered shares.
The following table sets forth the computation of basic and diluted earnings per share:
 Year Ended December 31,
(US$ in millions, except for share data)202520242023
Income from continuing operations$846 $1,188 $2,337 
Net income attributable to noncontrolling interests and redeemable noncontrolling interests(27)(51)(94)
Income from continuing operations attributable to Bunge$819 $1,137 $2,243 
Loss from discontinued operations, net of tax(3)— — 
Net income available to Bunge shareholders$816 $1,137 $2,243 
Weighted-average number of shares outstanding:   
Basic165,042,767 140,539,652 148,804,387 
Effect of dilutive shares:   
—stock options and awards (1)
1,424,173 1,683,569 1,983,530 
Diluted166,466,940 142,223,221 150,787,917 
Basic earnings per share:   
Net income from continuing operations$4.97 $8.09 $15.07 
Net loss from discontinued operations(0.02)— — 
Net income attributable to Bunge shareholders—basic$4.95 $8.09 $15.07 
Diluted earnings per share:   
Net income from continuing operations$4.93 $7.99 $14.87 
Net loss from discontinued operations(0.02)— — 
Net income attributable to Bunge shareholders—diluted$4.91 $7.99 $14.87 
(1)The weighted-average shares outstanding-diluted exclude less than 1 million outstanding stock options or contingently issuable restricted stock units, which were not dilutive and not included in the computation of earnings per share for the years ended December 31, 2025, 2024, and 2023.

Historical Timeline

Fiscal YearFiled
2025Feb 19, 2026Showing above
2024Feb 20, 2025
2023Feb 22, 2024

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.