Second Quarter 2026 Overview You should refer to "Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations - Factors Affecting Operating Results" in our Annual Report on Form 10-K for the year ended December 31, 2025, for a discussion of key factors affecting operating results in each of our business segments. In addition, you should refer to "Item 9A, Controls and Procedures" in our Annual Report on Form 10-K for the year ended December 31, 2025, and to "Item 4, Controls and Procedures" in this Quarterly Report on Form 10-Q for the period ended June 30, 2026, for a discussion of our internal controls over financial reporting. Viterra Acquisition On July 2, 2025, we completed our previously announced acquisition (the "Acquisition") of Viterra Limited ("Viterra"). Pursuant to the terms of the business combination agreement, Viterra shareholders received approximately 65.6 million registered shares of Bunge, with an aggregate value of approximately $5.3 billion as of July 2, 2025, and approximately $1.9 billion in cash, in return for 100% of the outstanding equity of Viterra. This section is inclusive of the results of operations of Viterra from the date of Acquisition. Therefore, results attributable to Viterra are not included in the condensed consolidated statements of income for the three and six months ended June 30, 2025. As such, the Acquisition of Viterra is frequently one of the primary drivers of the year-over-year variances discussed throughout this section. Non-U.S. GAAP Financial Measures Total earnings before interest and taxes ("EBIT") is an operating performance measure used by Bunge’s management to evaluate reportable segment operating activities as well as Corporate and Other results. Bunge also uses Segment EBIT, Corporate and Other EBIT, and Total EBIT to evaluate the operating performance of Bunge’s reportable segments and Total reportable segments together with Corporate and Other activities. Segment EBIT is the aggregate of the EBIT of each of Bunge’s Soybean Processing and Refining, Softseed Processing and Refining, Tropical Oils and Specialty Ingredients, and Grain Merchandising and Milling reportable segments. Total EBIT is the aggregate of the EBIT of Bunge’s reportable segments, together with Corporate and Other activities. Bunge’s management believes Segment EBIT, Corporate and Other EBIT, and Total EBIT are useful measures of operating profitability since the measures allow for an evaluation of performance without regard to financing methods or capital structure. In addition, EBIT is a financial measure that is widely used by analysts and investors in Bunge’s industry. Total EBIT is a non-U.S. GAAP financial measure and is not intended to replace Net income (loss) attributable to Bunge shareholders, the most directly comparable U.S. GAAP financial measure. Further, Total EBIT excludes EBIT attributable to noncontrolling interests and is not a measure of consolidated operating results under U.S. GAAP and should not be considered as an alternative to Net income (loss) or any other measure of consolidated operating results under U.S. GAAP. See the reconciliation of Net income (loss) attributable to Bunge shareholders to Total EBIT below. Executive Summary Net income (loss) attributable to Bunge shareholders - For the three months ended June 30, 2026, Net income attributable to Bunge shareholders was $678 million, an increase of $324 million compared to $354 million, for the three months ended June 30, 2025. For the six months ended June 30, 2026, Net income attributable to Bunge shareholders was $746 million, an increase of $191 million, compared to $555 million for the six months ended June 30, 2025. The increase for the three and six months ended June 30, 2026, was primarily due to higher Segment EBIT partially offset by lower Corporate and Other EBIT, as further discussed in the Segment Results section below. Further, the increase was partially offset by higher net interest expense as a result of increased debt levels to finance the Viterra Acquisition, as well as higher income tax expense, as further described in the Consolidated Results of Operations section below. Net income (loss) attributable to Bunge shareholders - Earnings per share - diluted - For the three months ended June 30, 2026, Net income attributable to Bunge shareholders - diluted, was $3.47 per share, an increase of $0.86 per share, compared to $2.61 per share for the three months ended June 30, 2025. For the six months ended June 30, 2026, Net income attributable to Bunge shareholders - diluted, was $3.81 per share, a decrease of $0.29 per share, compared to income of $4.10 per share for the six months ended June 30, 2025. The increase for the three months ended June 30, 2026 was primarily due to higher Net income attributable to Bunge shareholders discussed above, partially offset by dilution from the issuance of registered shares as part of the Viterra Acquisition. The decrease for the six months ended June 30, 2026 is 40 Table of Contents primarily due to dilution from the issuance of registered shares as part of the Viterra Acquisition, partially offset by higher Net income attributable to Bunge shareholders discussed above. Total EBIT - For the three months ended June 30, 2026, Total EBIT was $1,060 million, an increase of $522 million compared to $538 million for the three months ended June 30, 2025. For the six months ended June 30, 2026, Total EBIT was $1,244 million, an increase of $378 million compared to Total EBIT of $866 million for the six months ended June 30, 2025. The increase in Total EBIT for the three and six months ended June 30, 2026, was primarily due to higher Segment EBIT, resulting primarily from more favorable results in our Soybean Processing and Refining and Softseed Processing and Refining segments, partially offset by less favorable results in our Grain Merchandising and Milling segment and lower Corporate and Other EBIT, resulting from higher Selling, general and administrative expenses. The Segment Overview section below provides further details as well as a reconciliation of Net income attributable to Bunge shareholders to Total EBIT. Liquidity and Capital Resources – At June 30, 2026, working capital, which equals Total current assets less Total current liabilities, was $9,481 million, a decrease of $1,580 million, compared to working capital of $11,061 million at June 30, 2025, and an increase of $217 million, compared to working capital of $9,264 million at December 31, 2025. The decrease in working capital at June 30, 2026, compared to June 30, 2025, was primarily due to elevated Cash and cash equivalents balances in the prior year in preparation for closing the Viterra Acquisition early in the third quarter of 2025, higher Trade accounts payable, and Other current liabilities, partially offset by higher Inventories. The increase in working capital at June 30, 2026, compared to December 31, 2025, was primarily due to higher Inventories, partially offset by higher Short-term debt, Other current liabilities, and lower Cash and cash equivalents, as further discussed in the Liquidity and Capital Resources section below. Consolidated Results of Operations Three Months Ended June 30, Six Months Ended June 30, 2026 2025 % Change 2026 2025 % Change Net sales $ 24,041 $ 12,769 88 % $ 45,902 $ 24,412 88 % Cost of goods sold (22,360) (12,031) 86 % (43,455) (23,077) 88 % Gross profit 1,681 738 128 % 2,447 1,335 83 % Selling, general and administrative expenses (606) (418) 45 % (1,137) (798) 42 % Interest income 43 46 (7) % 88 105 (16) % Interest expense (197) (106) 86 % (378) (210) 80 % Foreign exchange gains (losses) – net (26) 44 (159) % (120) 69 (274) % Other income (expense) – net 39 187 (79) % 92 269 (66) % Income (loss) from affiliates 9 3 200 % 12 8 50 % Income (loss) before income tax 943 494 91 % 1,004 778 29 % Income tax (expense) benefit (236) (124) 90 % (222) (204) 9 % Net income (loss) 707 370 91 % 782 574 36 % Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests (29) (16) 81 % (36) (19) 89 % Net income (loss) attributable to Bunge shareholders $ 678 $ 354 92 % $ 746 $ 555 34 % Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025 Net sales – Net sales increased 88%, to $24,041 million for the three months ended June 30, 2026. See Segment Results section below for further discussion. Cost of goods sold - Cost of goods sold increased 86%, to $22,360 million for the three months ended June 30, 2026. The increase in Cost of goods sold was primarily due to higher Net sales partially offset by more favorable mark-to-market results in the current period. 41 Table of Contents Selling, general, and administrative expenses - Selling, general, and administrative expenses increased 45%, to $606 million for the three months ended June 30, 2026. The increase is primarily due to increased labor costs as a result of the Viterra Acquisition. Interest - Interest income decreased 7%, to $43 million for the three months ended June 30, 2026. Interest expense increased 86%, to $197 million for the three months ended June 30, 2026. Lower interest income is the result of lower average balances in Cash and cash equivalents. Higher Interest expense is a result of higher debt levels, driven by the financing of the Viterra Acquisition, partially offset by lower average interest rates. Foreign exchange gains (losses) – net - Foreign exchange gains (losses) – net decreased 159%, to a loss of $26 million for the three months ended June 30, 2026. The net loss in the current quarter primarily reflects losses on U.S. dollar-denominated loans payable in non-U.S. dollar functional currency operations and the impact of hedging costs attributable to monetary assets in South America. Other income (expense) - net - Other income (expense) - net decreased 79% to a gain of $39 million for the three months ended June 30, 2026. The decrease was primarily due to the absence of a $155 million prior year gain on the sale of Bunge's North America corn milling business. Income tax (expense) benefit - Income tax (expense) benefit increased 90% to an income tax expense of $236 million for the three months ended June 30, 2026. The increase in income tax expense for the three months ended June 30, 2026 was primarily due to higher pre-tax income in 2026. Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025 Net sales – Net sales increased 88%, to $45,902 million for the six months ended June 30, 2026. See Segment Results section below for further discussion. Cost of goods sold - Cost of goods sold increased 88%, to $43,455 million for the six months ended June 30, 2026. The increase in Cost of goods sold was primarily due to higher Net sales as well as slightly less favorable mark-to-market results in the current period. Selling, general, and administrative expenses - Selling, general, and administrative expenses increased 42%, to $1,137 million for the six months ended June 30, 2026. The increase is primarily due to increased labor costs as a result of the Viterra Acquisition. Interest - Interest income decreased 16%, to $88 million for the six months ended June 30, 2026. Interest expense increased 80%, to $378 million for the six months ended June 30, 2026. Lower interest income is the result of lower average balances in Cash and cash equivalents. Higher Interest expense is a result of higher debt levels, driven by the financing of the Viterra Acquisition, partially offset by lower average interest rates. Foreign exchange gains (losses) – net - Foreign exchange gains (losses) – net decreased 274%, to a loss of $120 million for the six months ended June 30, 2026. The net loss in the current period primarily reflects the impact of hedging costs attributable to monetary assets in South America, as well as additional losses in South America on net monetary assets due to a weaker U.S. dollar. These losses are partially offset by gains on U.S. dollar-denominated loans payable in non-U.S. dollar functional currency operations. Other income (expense) - net - Other income (expense) - net decreased 66% to a gain of $92 million for the six months ended June 30, 2026. The decrease was primarily due to the absence of a $155 million prior year gain on the sale of Bunge's North America corn milling business recognized in the second quarter of 2025. Income tax (expense) benefit - Income tax (expense) benefit increased 9% to an income tax expense of $222 million for the six months ended June 30, 2026. The increase in income tax expense for the six months ended June 30, 2026 was primarily due to higher pre-tax income in 2026. 42 Table of Contents Segment Overview Effective in the third quarter of 2025, we changed our reportable segments to align with our new value chain operational structure as a result of the completion of the Acquisition of Viterra. Additionally, during the first quarter of 2026, the Other Oilseeds Processing and Refining segment was renamed to Tropical Oils and Specialty Ingredients. The segment name change had no impact on the composition of the Company’s existing four reportable segments, nor to the Company’s previously reported segment results or the consolidated financial statements. See Note 19 - Segment Information to our condensed consolidated financial statements. Therefore, our operations are now organized, managed and classified into four reportable segments based upon their similar economic characteristics, nature of products and services offered, production processes, types and classes of customer, and distribution methods. Reportable operations comprise our Soybean Processing and Refining, Softseed Processing and Refining, Tropical Oils and Specialty Ingredients, and Grain Merchandising and Milling reportable segments. Our remaining operations are not reportable segments, as defined by the applicable accounting standard, and are classified as Corporate and Other. Corporate and Other includes salaries and overhead for corporate functions, including acquisition and integration costs related to the Viterra Acquisition, that are not allocated to our individual reportable segments because the operating performance of each reportable segment is evaluated by the Company’s chief operating decision maker exclusive of these items, as well as certain other activities including Bunge Ventures, the Company’s captive insurance activities, accounts receivable securitization activities, and certain income tax assets and liabilities. Further, we enhanced our volume reporting in the third quarter of 2025 to align with the new segment reporting structure and with the Company’s primary income-generating activities. Volumes are now reported as follows: •Soybean Processing and Refining volumes represent (1) oilseed volumes processed (crushed) during a period, which approximate sales volumes to third parties during the same reporting period (2) merchandised volumes, which represent sales volumes of soybeans to third-party customers during a reporting period and (3) a supplemental refined oil production volume, representing the total refined volume during a reporting period. •Softseed Processing and Refining volumes represent (1) oilseed volumes processed (crushed) during a period, which approximate sales volumes to third parties during the same reporting period (2) merchandised volumes, which represent sales volumes of softseeds to third-party customers during a reporting period and (3) a supplemental refined oil production volume, representing the total refined volume during a reporting period. •Tropical Oils and Specialty Ingredients volumes represent sales volumes to third-party customers. •Grain Merchandising and Milling volumes represent sales volumes to third-party customers. Corresponding prior period amounts have been recast to conform to the current period presentations described above. 43 Table of Contents A reconciliation of Net income (loss) attributable to Bunge shareholders to Total EBIT follows: Three Months Ended June 30, Six Months Ended June 30, (US$ in millions) 2026 2025 2026 2025 Net income (loss) attributable to Bunge shareholders $ 678 $ 354 $ 746 $ 555 Interest income (43) (46) (88) (105) Interest expense 197 106 378 210 Income tax expense (benefit) 236 124 222 204 Noncontrolling interests' share of interest and tax (8) — (14) 2 Total EBIT $ 1,060 $ 538 $ 1,244 $ 866 Soybean Processing and Refining 804 460 1,013 731 Softseed Processing and Refining 273 19 349 101 Tropical Oils and Specialty Ingredients (24) (10) 86 (5) Grain Merchandising and Milling 173 187 97 233 Segment EBIT 1,226 656 1,545 1,060 Corporate and Other EBIT (166) (118) (301) (194) Total EBIT $ 1,060 $ 538 $ 1,244 $ 866 Reportable Segments Soybean Processing and Refining Three Months Ended June 30, Six Months Ended June 30, (US$ in millions, except volumes) 2026 2025 % Change 2026 2025 % Change Volumes (in thousand metric tons) Soybeans processed 11,524 9,304 24 % 22,281 17,414 28 % Soybeans merchandised 8,046 4,098 96 % 13,179 6,331 108 % Refined oil production 933 902 3 % 1,790 1,761 2 % Net sales $ 12,071 $ 7,750 56 % $ 21,623 $ 14,411 50 % Cost of goods sold (11,017) (7,192) 53 % (20,171) (13,518) 49 % Selling, general and administrative expenses (164) (113) 45 % (307) (222) 38 % Foreign exchange (losses) gains – net (53) 31 (271) % (100) 51 (296) % EBIT attributable to noncontrolling interests (38) (13) 192 % (34) (10) 240 % Other income (expense) – net 5 (5) 200 % (3) 6 (150) % Income (loss) from affiliates — 2 (100) % 5 13 (62) % Total Soybean Processing and Refining Segment EBIT $ 804 $ 460 75 % $ 1,013 $ 731 39 % Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025 Soybean Processing and Refining segment Net sales increased 56%, to $12,071 million for the three months ended June 30, 2026. The increase was primarily due to Net sales contributions from the Acquisition of Viterra, in addition to higher volumes in our legacy businesses across most regions, especially due to better farmer selling in South America. The increase is also attributable to higher prices across all regions due to strong global demand due to the conflict with Iran, as well as biofuel mandates in North America. 44 Table of Contents Segment EBIT increased 75%, to $804 million for the three months ended June 30, 2026. The net increase was primarily driven by higher results in our North America, Argentina, and global soybean processing businesses due to a more favorable processing environment and more favorable mark-to-market results. The increase is partially offset by foreign currency losses recognized in the current quarter on U.S. dollar-denominated loans payable in non-U.S. dollar functional currency operations in South America. Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025 Soybean Processing and Refining segment Net sales increased 50%, to $21,623 million for the six months ended June 30, 2026. The increase was primarily due to Net sales contributions from the Acquisition of Viterra, in addition to higher volumes in our legacy businesses across all regions, especially due to better farmer selling in South America. The increase is also attributable to higher prices across all regions due to strong global demand due to the conflict with Iran, as well as biofuel mandates in North America. Segment EBIT increased 39%, to $1,013 million for the six months ended June 30, 2026.The net increase was primarily driven by higher results in our North America, Argentina, and global soybean processing businesses due to a more favorable processing environment. The increase is partially offset by foreign currency losses recognized in the current year on remeasurement of foreign denominated balances in South America. Softseed Processing and Refining Three Months Ended June 30, Six Months Ended June 30, (US$ in millions, except volumes) 2026 2025 % Change 2026 2025 % Change Volumes (in thousand metric tons) Softseeds processed 3,490 1,947 79 % 6,771 4,141 64 % Softseeds merchandised 1,296 15 8540 % 2,702 110 2356 % Refined oil production 974 663 47 % 1,747 1,391 26 % Net sales $ 4,095 $ 1,531 167 % $ 7,999 $ 3,046 163 % Cost of goods sold (3,795) (1,486) 155 % (7,563) (2,892) 162 % Selling, general and administrative expenses (63) (38) 66 % (124) (73) 70 % Foreign exchange (losses) gains – net 42 16 163 % 48 32 50 % EBIT attributable to noncontrolling interests — (1) 100 % (3) (1) (200) % Other income (expense) – net (4) (2) 100 % (6) (5) 20 % Income (loss) from affiliates (2) (1) (100) % (2) (6) 67 % Total Softseed Processing and Refining Segment EBIT $ 273 $ 19 1,337 % $ 349 $ 101 246 % Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025 Softseed Processing and Refining segment Net sales increased 167%, to $4,095 million for the three months ended June 30, 2026. The increase was primarily due to Net sales contributions from the Acquisition of Viterra, in addition to higher average sales prices across all regions driven by strong demand from global biofuel mandates, elevated global energy prices as a result of the conflict with Iran, as well as sustained export meal and seeds demand. Global sun oil prices were also higher driven by elevated demand amid tight global supply following limited crop availability in the Black Sea and Europe. Softseeds processed were also higher in Argentina and Europe, partially driven by activity in Ukraine as a result of the acquisition of an oilseed crush facility from Varthomio completed in the fourth quarter of 2025. Segment EBIT increased 1,337%, to $273 million for the three months ended June 30, 2026. The increase was primarily due to improved results across all regions due to strong demand that drove higher prices as described above, as well as more favorable mark-to-market results in the current period. 45 Table of Contents Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025 Softseed Processing and Refining segment Net sales increased 163%, to $7,999 million for the six months ended June 30, 2026. The increase was primarily due to Net sales contributions from the Acquisition of Viterra, in addition to higher average sales prices across all regions driven by strong demand from global biofuel mandates, elevated global energy prices as a result of the conflict with Iran, and sustained export meal and seeds demand. Global sun oil prices were also higher driven by elevated demand amid tight global supply following limited crop availability in the Black Sea and Europe. Softseeds processed were also higher in Argentina and Europe, partially driven by activity in Ukraine as a result of the acquisition of an oilseed crush facility from Varthomio completed in the fourth quarter of 2025. Segment EBIT increased 246%, to $349 million for the six months ended June 30, 2026. The net increase was primarily due to improved results across most regions due to strong demand that drove higher prices as described above, partially offset by lower results in our North America business due to unfavorable mark-to-market results. Tropical Oils and Specialty Ingredients Three Months Ended June 30, Six Months Ended June 30, (US$ in millions, except volumes) 2026 2025 % Change 2026 2025 % Change Volumes (in thousand metric tons) 660 624 6 % 1,299 1,242 5 % Net sales $ 1,259 $ 1,152 9 % $ 2,487 $ 2,235 11 % Cost of goods sold (1,221) (1,096) 11 % (2,261) (2,111) 7 % Selling, general and administrative expenses (60) (61) (2) % (121) (119) 2 % Foreign exchange (losses) gains – net — (3) 100 % (4) (3) (33) % EBIT attributable to noncontrolling interests — — — % (11) (2) 450 % Other income (expense) – net (2) (2) — % (4) (5) (20) % Total Tropical Oils and Specialty Ingredients Segment EBIT $ (24) $ (10) (140) % $ 86 $ (5) 1,820 % Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025 Tropical Oils and Specialty Ingredients segment Net sales increased 9%, to $1,259 million for the three months ended June 30, 2026. The increase was primarily due to higher prices driven by higher commodity prices due to stronger vegetable oil demand and global biofuel mandates. To a lesser extent, higher prices were also attributable to elevated global vegetable oil prices resulting from the conflict with Iran. Volumes were also higher. Segment EBIT decreased 140%, to a loss of $24 million for the three months ended June 30, 2026. The decrease was primarily due to lower results in our tropical oils business driven by more unfavorable mark-to-market results. Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025 Tropical Oils and Specialty Ingredients segment Net sales increased 11%, to $2,487 million for the six months ended June 30, 2026. The increase was primarily due to higher sales prices in our tropical oils business driven by higher commodity prices due to higher vegetable oil prices from the conflict with Iran, especially in the first quarter of 2026, as well as stronger demand resulting from global biofuel mandates. Volumes were also higher. Segment EBIT increased 1,820%, to $86 million for the six months ended June 30, 2026. The increase was primarily due to favorable mark-to-market results in our tropical oils business, as well as higher Net sales as described above. 46 Table of Contents Grain Merchandising and Milling Three Months Ended June 30, Six Months Ended June 30, (US$ in millions) 2026 2025 % Change 2026 2025 % Change Volumes (in thousand metric tons) 23,852 8,382 185 % 50,410 16,892 198 % Net sales $ 6,614 $ 2,334 183 % $ 13,791 $ 4,718 192 % Cost of goods sold (6,325) (2,251) 181 % (13,457) (4,560) 195 % Selling, general and administrative expenses (129) (62) 108 % (256) (121) 112 % Foreign exchange (losses) gains – net (18) (14) (29) % (56) (26) (115) % EBIT attributable to noncontrolling interests 1 (3) (133) % (3) (5) (40) % Other income (expense) – net 19 181 (90) % 67 226 (70) % Income (loss) from affiliates 11 2 450 % 11 1 1,000 % Total Grain Merchandising and Milling Segment EBIT $ 173 $ 187 (7) % $ 97 $ 233 (58) % Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025 Grain Merchandising and Milling segment Net sales increased 183%, to $6,614 million for the three months ended June 30, 2026. The increase was primarily due to Net sales contributions from the Acquisition of Viterra. In addition, volumes in our global corn business increased driven by strong ethanol demand and increased farmer selling in North America. Volumes and prices in our global wheat and wheat milling businesses increased due to higher supply and demand across various regions. The above increases were partially offset by the lack of recurring sales from our North American corn milling business that was divested in the second quarter of 2025, as well as sales price decreases in our global corn business. Segment EBIT decreased 7%, to $173 million for the three months ended June 30, 2026. The decrease was primarily due to the absence of a prior year $155 million gain on the sale of Bunge's North America corn milling business, as well as higher Selling, general and administrative expenses in the current period as a result of the Viterra Acquisition. The decrease was partially offset by more favorable results in our ocean freight business as a result of rising freight prices and optimal fleet utilization. Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025 Grain Merchandising and Milling segment Net sales increased 192%, to $13,791 million for the six months ended June 30, 2026. The increase was primarily due to Net sales contributions from the Acquisition of Viterra. In addition, volumes in our global corn business increased driven by strong ethanol demand and increased farmer selling in North America. Volumes and prices in our global wheat and wheat milling businesses increased due to higher supply and demand across various regions. The above increases were partially offset by the lack of recurring sales from our North American corn milling business that was divested in the second quarter of 2025, as well as sales price decreases in our global corn business. Segment EBIT decreased 58%, to $97 million for the six months ended June 30, 2026. The decrease was primarily due to the absence of a prior year $155 million gain on the sale of Bunge's North America corn milling business recognized in the second quarter of 2025, as well as higher Selling, general and administrative expenses in the current period as a result of the Viterra Acquisition. The decrease was partially offset by more favorable results driven by contributions from the Acquisition of Viterra and the financial services business. Additionally, the favorable results in our ocean freight business during the second quarter of 2026, as described above, were partially offset by the unfavorable results recognized during the first quarter of 2026. 47 Table of Contents Corporate and Other Three Months Ended June 30, Six Months Ended June 30, (US$ in millions) 2026 2025 % Change 2026 2025 % Change Net sales $ 2 $ 2 — % $ 2 $ 2 — % Cost of goods sold (2) (6) (67) % (3) 4 175 % Selling, general and administrative expenses (190) (144) 32 % (329) (263) 25 % Foreign exchange (losses) gains – net 3 14 (79) % (8) 15 (153) % EBIT attributable to noncontrolling interests — 1 (100) % 1 1 — % Other income (expense) – net 21 15 40 % 38 47 (19) % Income (loss) from affiliates — — — % (2) — (100) % Total Corporate and Other EBIT $ (166) $ (118) (41) % $ (301) $ (194) (55) % Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025 Corporate and Other EBIT decreased 41%, to a loss of $166 million for the three months ended June 30, 2026. The decrease was primarily driven by an increase in Selling, general and administrative expenses as a result of the Viterra Acquisition. The Company recognized acquisition and integration costs within Corporate and Other EBIT of $35 million, and $38 million for three months ended June 30, 2026, and June 30, 2025, respectively. Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025 Corporate and Other EBIT decreased 55%, to a loss of $301 million for the six months ended June 30, 2026. The decrease was primarily driven by an increase in Selling, general and administrative expenses as a result of the Viterra Acquisition and the timing of performance-based compensation. The Company recognized acquisition and integration costs within Corporate and Other EBIT of $70 million for both the six months ended June 30, 2026, and June 30, 2025. Other income (expense) - net also decreased driven by a $15 million cash benefit received in the six months ended June 30, 2025 related to a prior investment in affiliate. 48 Table of Contents Liquidity and Capital Resources Our main financial objectives are to prudently manage financial risks, ensure consistent access to liquidity and minimize cost of capital in order to efficiently finance our business and maintain balance sheet strength. We generally finance our ongoing operations with cash flows generated from operations, issuances of commercial paper, borrowings under various bilateral and syndicated revolving credit facilities, term loans, and proceeds from the issuance of senior notes. Acquisitions and long-lived assets are generally financed with a combination of equity and long-term debt. Working Capital As of (US$ in millions, except current ratio) June 30, 2026 June 30, 2025 December 31, 2025 Cash and cash equivalents $ 593 $ 6,790 $ 1,135 Trade accounts receivable, net 3,931 2,258 3,870 Inventories 15,461 8,014 13,198 Other current assets (1) 6,230 4,383 6,188 Total current assets $ 26,215 $ 21,445 $ 24,391 Short-term debt $ 4,588 $ 3,535 $ 3,883 Current portion of long-term debt 1,200 690 1,337 Trade accounts payable 5,370 2,894 4,881 Current operating lease obligations 502 282 499 Other current liabilities (2) 5,074 2,983 4,527 Total current liabilities $ 16,734 $ 10,384 $ 15,127 Working capital (3) $ 9,481 $ 11,061 $ 9,264 Current ratio (3) 1.57 2.07 1.61 (1) Comprises Time deposits under trade structured finance program, Assets held for sale, and Other current assets (2) Comprises Letter of credit obligations under trade structured finance program, Liabilities held for sale, and Other current liabilities (3) Working capital is defined as Total current assets less Total current liabilities; Current ratio represents Total current assets divided by Total current liabilities Working capital was $9,481 million at June 30, 2026, an increase of $217 million from working capital of $9,264 million at December 31, 2025, and a decrease of $1,580 million from working capital of $11,061 million at June 30, 2025. Cash and Cash Equivalents - Cash and cash equivalents were $593 million at June 30, 2026, a decrease of $542 million from $1,135 million at December 31, 2025, and a decrease of $6,197 million from $6,790 million at June 30, 2025. The significant decrease from June 30, 2025 is due to an accumulation of Cash and cash equivalents levels in the prior period in preparation for closing of the Viterra Acquisition that occurred early in the third quarter of 2025. Cash balances are managed in accordance with our investment policy, the objectives of which are to preserve the principal value of our cash assets, maintain a high degree of liquidity, and deliver competitive returns subject to prevailing market conditions. Cash balances are typically invested in short-term deposits, money market funds, commercial paper programs with highly rated institutions, and in U.S. government securities. Please refer to the Cash Flows section of this report, below, for further details regarding the factors giving rise to the change in Cash and cash equivalents during the six months ended June 30, 2026. Trade accounts receivable, net - Trade accounts receivable, net were $3,931 million at June 30, 2026, an increase of $61 million from $3,870 million at December 31, 2025, and an increase of $1,673 million from $2,258 million at June 30, 2025. The increase from December 31, 2025 was primarily due to higher average sales prices driven by factors described in the Segment Overview section above, which were partially offset by higher receivables sold into our securitization program. The increase from June 30, 2025 was primarily due to an increase in receivables outstanding as of June 30, 2026 from the Acquisition of Viterra as well as increased Net sales in the current period driven by factors described in the Segment Overview section above, which were partially offset by higher receivables sold into our securitization program. 49 Table of Contents Inventories - Inventories were $15,461 million at June 30, 2026, an increase of $2,263 million from $13,198 million at December 31, 2025, and an increase of $7,447 million from $8,014 million at June 30, 2025. The increase from December 31, 2025 was primarily due to increased soybean volumes in conjunction with the timing of the South American harvest, as well as higher prices on most commodities. The increase from June 30, 2025 was primarily due to increased inventory balances from the Acquisition of Viterra and higher average prices on most commodities. RMI comprise agricultural commodity inventories, such as soybeans, soybean meal, soybean oil, corn, softseeds, softseed oil, and wheat that are readily convertible to cash because of their commodity characteristics, widely available markets and international pricing mechanisms. Total RMI reported at fair value was $13,311 million, $11,361 million, and $6,657 million at June 30, 2026, December 31, 2025, and June 30, 2025, respectively (see Note 5 - Inventories to our condensed consolidated financial statements). Other current assets - Other current assets were $6,230 million at June 30, 2026, an increase of $42 million from $6,188 million at December 31, 2025, and an increase of $1,847 million from $4,383 million at June 30, 2025. The increase from December 31, 2025 was attributable to an increase in prepaid commodity purchase contracts in conjunction with the timing of the South American harvest, an increase in unrealized gains on derivative contracts at fair value as a result of volatile commodity prices and exchange rate fluctuations, and an increase in margin deposits. These increases were partially offset by a reduction in marketable securities and other short-term investments based on dynamic investment strategies in South America, a decrease in secured advances to suppliers, which were converted to prepaid commodity contracts in conjunction with the timing of the South American harvest, a reduction in time deposits under the trade structured finance program, and the collection of our $80 million disposition receivable which resulted from the sale of 40% of our Spanish operating subsidiary. The increase from June 30, 2025 was primarily due to the Acquisition of Viterra. This increase was partially offset by lower unrealized gains on derivative contracts as a result of volatile commodity prices, a reduction in marketable securities and other short-term investments based on dynamic investment strategies in South America and the collection of our $80 million disposition receivable as noted above. Short-term debt - Short-term debt, including the Current portion of long-term debt, was $5,788 million at June 30, 2026, an increase of $568 million from $5,220 million at December 31, 2025, and an increase of $1,563 million from $4,225 million at June 30, 2025. The higher short-term debt level at June 30, 2026, compared to December 31, 2025 was due to higher borrowings by Bunge from its commercial paper program and revolving credit facilities, as well as higher borrowings under bilateral short-term credit lines entered into through our financing subsidiaries to fund working capital requirements as a result of the Acquisition of Viterra. The increase was partially offset by a decrease in the Current portion of long-term debt due to the repayment of $575 million of senior notes in April 2026, partially offset by $442 million 4.90% senior notes due in 2027 which became current in the second quarter of 2026. The increase from June 30, 2025 was due to an increase of borrowings under bilateral short-term credit lines entered into through our financing subsidiaries to fund working capital requirements. In addition, increased short-term debt levels at June 30, 2026 compared to June 30, 2025, resulted from an increase in the Current portion of long-term debt primarily due two senior notes maturing within the next year to a total of $1,142 million, compared to only $600 million in the prior period. The increase was partially offset by lower borrowings under the commercial paper program and revolving credit facilities in the current period based on our funding strategies, including the utilization of proceeds from the issuance of two tranches of senior notes in March 2026. Trade accounts payable - Trade accounts payable were $5,370 million at June 30, 2026, an increase of $489 million from $4,881 million at December 31, 2025, and an increase of $2,476 million from $2,894 million at June 30, 2025. The increase from December 31, 2025 was primarily due to higher inventory volumes in conjunction with the South American harvest and higher average commodity prices, partially offset by the timing of payments in North America. The increase from June 30, 2025 was primarily due to the Acquisition of Viterra, as well as higher average commodity prices in the current period. Other current liabilities - Other current liabilities were $5,074 million at June 30, 2026, an increase of $547 million from $4,527 million at December 31, 2025, and an increase of $2,091 million from $2,983 million at June 30, 2025. The increase from December 31, 2025 was primarily due to an increase in unrealized losses on derivative contracts as a result of volatile commodity prices and higher accrued dividends (see Note 17 - Equity to our condensed consolidated financial statements), partially offset by lower accrued liabilities as a result of variable compensation plan payments, lower time deposits under the trade structured finance program, and lower advances on sales driven by timing of receipts in North America. The increase from June 30, 2025 was primarily due to the Acquisition of Viterra, as well as an increase in unrealized losses on derivative contracts as a result of volatile commodity prices and higher accrued dividends. 50 Table of Contents Debt As highlighted in Note 13 - Debt and discussed further below, we utilize a variety of debt financing structures to maintain financial flexibility to meet our various financial objectives. Revolving Credit Facilities — At June 30, 2026, we had $8,835 million unused and available committed borrowing capacity, comprised of committed revolving credit facilities. The following table summarizes these facilities as of the periods presented: (US$ in millions) Committed Capacity Borrowings Outstanding Revolving Credit Facilities Maturities June 30, 2026 June 30, 2026 December 31, 2025 $1.1 Billion 364-day Revolving Credit Agreement 2026 $ 1,100 $ — $ — $3.5 Billion Revolving Facility Agreement 2028 3,500 830 600 $4.2 Billion Revolving Credit Agreement 2030 4,200 — — $865 Million Revolving Credit Agreement 2030 865 — — Total Revolving Credit Facilities $ 9,665 $ 830 $ 600 Commercial Paper Program - The following table summarizes the facility as of the periods presented: (US$ in millions) Program Capacity Borrowings Outstanding Commercial Paper Program (1) June 30, 2026 June 30, 2026 December 31, 2025 $3 Billion Commercial Paper Program $ 3,000 $ 564 $ 300 (1)The short-term credit ratings of the commercial paper program require Bunge to keep same day unused committed borrowing capacity under its long-term committed credit facilities in an amount greater or equal to the amount of commercial paper issued and outstanding. Short and long-term debt — As of US$ in millions June 30, 2026 June 30, 2025 December 31, 2025 Short-term debt $ 4,588 $ 3,535 $ 3,883 Long-term debt, including current portion 10,626 7,734 10,168 Total debt $ 15,214 $ 11,269 $ 14,051 Six Months Ended June 30, 2026 Six Months Ended June 30, 2025 Year Ended December 31, 2025 Average total debt outstanding $ 14,891 $ 7,263 $ 11,153 Our total debt was $15,214 million at June 30, 2026, an increase of $1,163 million from $14,051 million at December 31, 2025, and an increase of $3,945 million from $11,269 million at June 30, 2025. The higher total debt level at June 30, 2026, compared to December 31, 2025 was primarily due to an increase in short-term borrowings as described above and an increase in long-term debt, including current portion, due to the issuance of two tranches of senior notes ("2026 Senior Notes") for an aggregate principal amount of $1.2 billion in March 2026, partially offset by the repayment of $575 million of senior notes in April 2026. The higher total debt levels compared to June 30, 2025 were due to an increase in short-term borrowings as described above and an increase in long-term debt, including current portion, resulting from the issuance of the 2026 Senior Notes, as well as the issuance of two tranches of senior notes for an aggregate principal amount of $1.3 billion in August 2025. In addition, long-term debt includes senior notes outstanding as of June 30, 2026 obtained from the Acquisition of Viterra. The increase is partially offset by repayments of $1 billion in term loans and $600 million of senior notes in September 2025. See Note 13 - Debt to our condensed consolidated financial statements for further information. From time to time, through our financing subsidiaries, we enter into bilateral short-term credit lines as necessary. There were $1,080 million and $900 million borrowings outstanding under these bilateral short-term credit lines at June 30, 51 Table of Contents 2026 and December 31, 2025, respectively. No borrowings were outstanding as of June 30, 2025. The increase in the current period is primarily to support working capital requirements. In addition, Bunge's operating companies had $2,114 million, $2,083 million, and $1,288 million in short-term borrowings outstanding from local bank facilities at June 30, 2026, December 31, 2025, and June 30, 2025, respectively, to support working capital requirements. The outstanding borrowings as of June 30, 2026 and December 31, 2025 include short-term borrowings from local bank facilities as a result of the Acquisition of Viterra. Registered Senior Notes — BLFC, a wholly owned finance subsidiary of Bunge, had the following outstanding debt securities (collectively referred to as the "BLFC Notes") registered under the requirements of the Securities Act of 1933, as amended, at June 30, 2026. (US$ in millions) Aggregate Principal Amount Outstanding Balance Outstanding 3.25% Senior Notes due 2026 700 $ 700 4.90% Senior Notes due 2027 440 $ 442 3.75% Senior Notes due 2027 600 $ 599 4.10% Senior Notes due 2028 400 $ 399 4.20% Senior Notes due 2029 800 $ 795 4.55% Senior Notes due 2030 650 $ 646 3.20% Senior Notes due 2031 599 $ 561 2.75% Senior Notes due 2031 1,000 $ 994 5.25% Senior Notes due 2032 300 $ 306 4.80% Senior Notes due 2033 500 $ 495 4.65% Senior Notes due 2034 800 $ 792 5.15% Senior Notes due 2035 650 $ 644 5.15% Senior Notes due 2036 700 $ 694 Bunge unconditionally guarantees BLFC's obligations with respect to the BLFC Notes. Bunge's guarantees are unsecured and unsubordinated obligations of Bunge and rank equally with all other unsecured and unsubordinated obligations of Bunge. The guarantees provide that in the event of a default in payment of principal of, or interest on, BLFC Notes of a particular series, the holder of such series of senior debt securities may institute legal proceedings directly against Bunge to enforce the applicable guarantee without first proceeding against BLFC. As a holding company, Bunge is dependent upon dividends, loans, or advances or other intercompany transfers of funds from its subsidiaries to meet its obligations, including its obligations under the guarantee. The ability of certain of its subsidiaries to pay dividends and make other payments to Bunge may be restricted by, among other things, applicable laws, as well as agreements to which those subsidiaries may be party. Therefore, the ability of Bunge to make payments with respect to the guarantee may be limited. The BLFC Notes effectively rank junior to all liabilities of Bunge's subsidiaries (other than BLFC). In the event of a bankruptcy, liquidation, or dissolution of a subsidiary (other than BLFC) and following payment of its liabilities, the subsidiary may not have sufficient assets remaining to make payments to Bunge as a shareholder or otherwise. Credit Ratings — Bunge’s debt ratings and outlook by major credit rating agencies at June 30, 2026, were as follows: Short-term Debt (1) Long-term Debt Outlook Standard & Poor’s A-2 A- Stable Moody’s P-2 Baa1 Stable Fitch F-2 BBB+ Stable (1) Short-term debt rating applies only to the commercial paper program with BLFC as the issuer. Our debt agreements do not have any credit rating downgrade triggers that would accelerate maturity of our debt. However, credit rating downgrades would increase borrowing costs under our syndicated credit facilities (a credit rating upgrade, on the other hand, would reduce our borrowing cost) and, depending on their severity, could impede our ability to 52 Table of Contents obtain credit facilities or access the capital markets in the future on competitive terms. A significant increase in our borrowing costs could impair our ability to compete effectively in our business relative to competitors with higher credit ratings. Our credit facilities and certain senior notes require us to comply with specified financial and non-financial covenants including a maximum debt to capitalization ratio, as well as limitations related to incurring liens and secured indebtedness. We were in compliance with these covenants as of June 30, 2026. Equity Total equity is set forth in the following table: (US$ in millions) June 30, 2026 December 31, 2025 Registered shares $ 2 $ 2 Additional paid-in capital 9,838 9,841 Retained earnings 13,339 13,152 Accumulated other comprehensive income (loss) (6,014) (6,084) Treasury shares, at cost (1,212) (1,007) Total Bunge shareholders’ equity 15,953 15,904 Noncontrolling interest 1,389 1,465 Total equity $ 17,342 $ 17,369 Total Bunge shareholders’ equity was $15,953 million at June 30, 2026, compared to $15,904 million at December 31, 2025, an increase of $49 million. The increase was primarily due to $746 million of Net income (loss) attributable to Bunge and $70 million of income in Other comprehensive income (loss) resulting from favorable foreign exchange translation adjustments. These increases were partially offset by $555 million of declared dividends to shareholders and $249 million of share repurchases, as described in Note 17 - Equity to our condensed consolidated financial statements. Noncontrolling interests decreased to $1,389 million at June 30, 2026, from $1,465 million at December 31, 2025, primarily due to measurement period adjustments of $101 million in connection with noncontrolling interests recognized from the Acquisition of Viterra. Share repurchase program - As described in Note 17 - Equity to our condensed consolidated financial statements, there were aggregate remaining purchase authorizations of $3.0 billion as of June 30, 2026 under approved share repurchase programs. During the three and six months ended June 30, 2026, Bunge repurchased 1,966,107 registered shares for $249 million, completing share repurchases under a previously existing program. Cash Flows Six Months Ended June 30, (US$ in millions) 2026 2025 Cash provided by (used for) operating activities $ (1,126) $ (1,357) Cash provided by (used for) investing activities (275) (102) Cash provided by (used for) financing activities 832 4,938 Effect of exchange rate changes on cash and cash equivalents and restricted cash (1) 5 Net increase (decrease) in cash and cash equivalents and restricted cash $ (570) $ 3,484 Our cash flows from operations vary depending on, among other items, Net income and the market prices and timing of purchase and sale of our inventories. Generally, during periods when commodity prices are rising, our agribusiness operations require increased use of cash to support working capital to acquire inventories and fund daily settlement requirements on exchange traded futures that we use to minimize price risk related to purchase and sale of our inventories. During the six months ended June 30, 2026, our cash and cash equivalents and restricted cash decreased by $570 million, compared to an increase of $3,484 million during the six months ended June 30, 2025, as further explained below. 53 Table of Contents Operating: Cash used for operating activities was $1,126 million for the six months ended June 30, 2026, a decrease of $231 million, compared to cash used for operating activities of $1,357 million for the six months ended June 30, 2025. The reduction of cash used for operations was primarily driven by higher reported net income during the six months ended June 30, 2026 compared to the six months ended June 30, 2025, as discussed in the Segment Overview and Consolidated Results of Operations sections above, as well as higher depreciation as a result of the Acquisition of Viterra, partially offset by net changes in working capital, as discussed in the Working Capital section above. Certain of our non-U.S. operating subsidiaries are primarily funded with U.S. dollar-denominated debt, while currency risk is hedged with U.S. dollar-denominated assets. The functional currency of our operating subsidiaries is generally the local currency. The financial statements of our subsidiaries are calculated in the functional currency, and when the local currency is the functional currency, translated into U.S. dollars. U.S. dollar-denominated loans are remeasured into their respective functional currencies at exchange rates at the applicable balance sheet date. Also, certain of our U.S. dollar functional operating subsidiaries outside the U.S. are partially funded with local currency borrowings, while the currency risk is hedged with local currency denominated assets. Local currency loans in U.S. dollar functional currency subsidiaries outside the U.S. are remeasured into U.S. dollars at the exchange rate on the applicable balance sheet date. The resulting gain or loss is included in our condensed consolidated statements of income as Foreign exchange (losses) gains – net. For the six months ended June 30, 2026, we recorded a foreign currency gain on our debt of $98 million, which was included as an adjustment to reconcile Net income to Cash provided by (used for) operating activities in the line item Foreign exchange (gain) loss on net debt in our condensed consolidated statements of cash flows. These adjustments are required as the gains and losses are non-cash items that arise from financing activities and therefore will have no impact on cash flows from operations. Investing: Cash used for investing activities was $275 million for the six months ended June 30, 2026, an increase of $173 million, compared to cash used for investing activities of $102 million for the six months ended June 30, 2025. The increase was primarily due to the absence of the proceeds from the sale of Bunge's corn milling business in North America in the prior year, as well as cash payments of $105 million for the acquisition of substantially all assets related to the lecithin, soy protein concentrate and crush businesses of International Flavors and Fragrances, Inc. in the current period and the absence of $100 million in proceeds from the sale of BP Bunge Bioenergia that occurred in the prior year. The decrease was partially offset by increased proceeds from short-term investments related to certain investment strategies in Argentina. Financing: Cash provided by financing activities was $832 million for the six months ended June 30, 2026, a decrease of $4,106 million, compared to cash provided by financing activities of $4,938 million for the six months ended June 30, 2025. The decrease was primarily attributable to a decrease in net cash proceeds from short and long-term debt of $3,637 driven by prior year borrowings in preparation to fund the Acquisition of Viterra as well as a current period repayment of senior notes due in April 2026, partially offset by proceeds from the issuance of the 2026 Senior Notes in the first quarter of 2026. The decrease also is attributable to $249 million in repurchases of registered shares during the six months ended June 30, 2026, as well as the difference between $206 million of proceeds received from the sale of a redeemable noncontrolling interest related to our Spanish operating subsidiary in the prior period, compared to $80 million in deferred consideration received from the same sale of redeemable noncontrolling interest in the current period. Off-Balance Sheet Arrangements Please refer to Note 15 - Commitments and Contingencies to our condensed consolidated financial statements for details concerning our off-balance sheet arrangements that have or are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources. Dividends We paid a regular quarterly cash dividend distribution of $0.72 per share on June 1, 2026, to shareholders of record on May 22, 2026. On May 20, 2026, shareholders of Bunge Global SA approved a cash dividend distribution in the amount of $2.88 per share, payable in four equal quarterly installments of $0.72 per share beginning in the second quarter of fiscal year 2026 and ending in the first quarter of fiscal year 2027. The $0.72 per share dividend distribution represents a $0.02, or 3% increase from the Company’s previously approved quarterly cash dividend declared of $0.70 per share. 54 Table of Contents Critical Accounting Policies and Estimates Critical accounting policies are defined as those policies that are significant to our financial condition and results of operations and require management to exercise significant judgment. For a complete discussion of our accounting policies, see Note 1 to our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on February 19, 2026. For recent accounting pronouncements refer to Note 1 - Basis of Presentation, Principles of Consolidation, and Significant Accounting Policies, to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q. 55 Table of Contents