Mondelez International (MDLZ) FY2025 10-K Annual Report

Filed: Feb 4, 2026
Consumer Staples
Food and Kindred ProductsSEC EDGAR

Mondelez International (MDLZ) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 4, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Mondelez International FY2025 10-K Analysis

Business Overview

  • Core business model: Manufacture and sale of global and local snack brands, focused on chocolate, biscuits, and baked snacks
  • New product emphasis: Co-branded chocolate innovations (Biscoff with Cadbury Dairy Milk, Milka), zero sugar Bournvita in India, and expanded cake/pastry lines including Oreo Cakester, Milka and Lacta croissants
  • Strategic shift: Increased local autonomy for commercial and innovation teams to enhance agility and better meet regional consumer preferences
  • Quantitative metric: Workforce of ~91,000 employees globally with a nearly 1% global pay equity gap between male and female employees performing similar work
  • Noteworthy fact: Enhanced R&D Innovation and Consumer Research Centers and expanded SnackFutures hub to accelerate mindful snacking product development and start-up collaborations

Management Discussion & Analysis

  • Revenue trends not explicitly stated; experienced pricing impacts and currency-related items totaling favorable $241M on Organic Net Revenue in 2025
  • Adjusted Operating Income affected by $94M favorable currency items; restructuring and ERP costs increased ($3M restructuring, $163M ERP in 2025) with margin impact unspecified
  • Emerging Markets revenue impacted by $134M currency-related headwinds; Developed Markets benefited from $375M favorable currency impacts
  • Capital allocation included $1.2B ERP system investment approved; pension settlement losses $282M (U.S.) and $54M (Canada) recognized during 2025, equity investment divestiture proceeds over $2.5B in 2024-25
  • Forward outlook highlights ongoing inflation, tariff risks, and geopolitical uncertainty (Ukraine, Russia, Middle East); expects continued volatility in consumer demand, raw material costs, and supply chain disruptions

Risk Factors

  • Regulatory risk from potential trade and tariff actions affecting countries where Mondelez operates, impacting global operations and costs
  • Macroeconomic volatility exposing Mondelez to currency fluctuations and inflation pressures in key international markets
  • Supply chain vulnerability due to reliance on agricultural commodities with fluctuating prices and weather-related disruptions
  • Competitive risk from rising private-label brands gaining market share in key snack categories
  • Financial risk from concentrated debt maturity profile with $1.5B due within next 18 months affecting liquidity management

Mondelez International FY2025 Key Financial Metrics
XBRL

Revenue

$38.5B

+5.8% YoY

Net Income

$2.5B

-46.8% YoY

Gross Margin

28.4%

-1075bp YoY

Operating Margin

9.2%

-820bp YoY

Net Margin

6.4%

-629bp YoY

ROE

9.5%

-763bp YoY

Total Assets

$71.5B

+4.4% YoY

EPS (Diluted)

$1.89

-44.7% YoY

Operating Cash Flow

$4.5B

-8.1% YoY

Source: XBRL data from Mondelez International FY2025 10-K filing on SEC EDGAR. All figures in USD.

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