10-K annual report · filed Feb 17, 2026

Archer Daniels Midland (ADM) FY2025 10-K Annual Report

Short answer

Archer Daniels Midland (ADM) filed its fiscal 2025 10-K annual report with the SEC on Feb 17, 2026. It reported revenue of $25.0B (+2.4% year over year) and net income of $1.1B.

  • Top risk flagged: Regulatory risk: EU Deforestation Regulation postponement impacted sales volumes and margins in Crushing and Refined Products segments in 2025

FY2025 key financial metrics · XBRL

Revenue
$25.0B
+2.4% YoY
Net income
$1.1B
−40.1% YoY
Gross margin
20.2%
−3.5 pp YoY
EPS (diluted)
$2.23
−38.9% YoY
ROE
4.7%
−3.4 pp YoY
Operating cash flow
$5.5B
+95.4% YoY

Source: XBRL data from the Archer Daniels Midland (ADM) FY2025 10-K on SEC EDGAR. USD.

Archer Daniels Midland FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business model not described directly; filing references other documents for business details
  • No new products, services, or segments introduced or emphasized in this filing
  • No strategic shifts or competitive positioning changes disclosed within this section
  • No quantitative metrics (employees, R&D, market share) provided in this excerpt
  • Filing predominantly incorporates information by reference to 2026 proxy statement, unusual for 10-K business section

Management Discussion & Analysis

  • Revenue and profitability data not provided in the disclosed MD&A excerpt
  • Cash flow, capital allocation details not disclosed
  • No forward-looking guidance or emerging risk commentary included

Risk Factors

  • Regulatory risk: EU Deforestation Regulation postponement impacted sales volumes and margins in Crushing and Refined Products segments in 2025
  • Geopolitical risk: Russia-Ukraine conflict escalations caused logistical issues and farmer retention problems in Black Sea business
  • Operational risk: South America Origination faced slower farmer selling of corn amid logistical and weather challenges in 2025
  • Competitive risk: EMEA Starches and Sweeteners segment pressured by higher corn costs and increased competition in 2025
  • Financial risk: Recorded $372M impairments due to alternative protein investments and $283M restructuring charges in 2025

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