Archer-Daniels-Midland said earnings before income taxes for 2024 decreased 47%, or $2.0 billion, to $2.3 billion. The company cited lower pricing and execution margins and an impairment charge of $461 million related to its investment in Wilmar as factors, with increased sales volumes partially offsetting these declines.

10-KAnnual reportFiled Feb 20, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

Archer-Daniels-Midland said earnings before income taxes for 2024 decreased 47%, or $2.0 billion, to $2.3 billion. The company cited lower pricing and execution margins and an impairment charge of $461 million related to its investment in Wilmar as factors, with increased sales volumes partially offsetting these declines.
ADM said revenues for 2024 decreased $8.4 billion to $85.5 billion. The company cited lower sales prices of $16.0 billion as a factor, with higher sales volumes of $7.6 billion partially offsetting the decline.
The company said gross profit decreased $1.7 billion, or 23%, to $5.8 billion. Refined Products and Other margins decreased $709 million to $554 million, Crushing decreased $518 million to $991 million, while Animal Nutrition increased $62 million to $509 million.
Archer-Daniels-Midland said it recorded a benefit of $316 million related to the Blenders' Tax Credit for 2024. The company estimated a significant decrease in the Clean Fuel Production Credit available in 2025 compared with the Blenders' Tax Credit claimed during 2024.

Key figures

Fiscal year ended December 31, 2024

Revenue: $85.5B
Net income: $1.8B
EPS: $3.65
Gross profit: $5.8B
Operating cash flow: $2.8B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Earnings Before Income Taxes Down 47%, Including Wilmar Impairment

Archer-Daniels-Midland said earnings before income taxes for 2024 decreased 47%, or $2.0 billion, to $2.3 billion. The company cited lower pricing and execution margins and an impairment charge of $461 million related to its investment in Wilmar as factors, with increased sales volumes partially offsetting these declines.

Source · Based on the MD&A text of the filing

Revenues Decline $85.5 billion as Lower Sales Prices Offset Higher Sales Volumes

ADM said revenues for 2024 decreased $8.4 billion to $85.5 billion. The company cited lower sales prices of $16.0 billion as a factor, with higher sales volumes of $7.6 billion partially offsetting the decline.

Source · Based on the MD&A text of the filing

Gross Profit Down 23% Amid Segment Margin Changes

The company said gross profit decreased $1.7 billion, or 23%, to $5.8 billion. Refined Products and Other margins decreased $709 million to $554 million, Crushing decreased $518 million to $991 million, while Animal Nutrition increased $62 million to $509 million.

Source · Based on the MD&A text of the filing

Blenders' Tax Credit Benefit $316 million; Clean Fuel Production Credit Estimated to Decline in 2025

Archer-Daniels-Midland said it recorded a benefit of $316 million related to the Blenders' Tax Credit for 2024. The company estimated a significant decrease in the Clean Fuel Production Credit available in 2025 compared with the Blenders' Tax Credit claimed during 2024.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.