Archer Daniels Midland

2021-03-16 2021-03-16 0000007084 adm:AOTAndMaizeMember srt:MaximumMember 2021-03-16 2021-03-16 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 1-44 ARCHER-DANIELS-MIDLAND CO MPANY (Exact name of registrant as specified in its charter) Delaware 41-0129150 (State or other jurisdiction of incorporation or organization) (I. R. S. Employer Identification No.) 77 West Wacker Drive, Suite 4600 Chicago, Illinois   60601 (Address of

principal executive offices) (Zip Code) ( 312 ) 634-8100 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value ADM NYSE Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13

or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.          Yes    ☒   No ☐ . Indicate by check mark whether the registrant has

submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).     Yes    ☒   No   ☐ . Indicate by check mark whether the registrant is a

large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer ☒ Accelerated Filer

☐ Emerging Growth Company ☐ Non-accelerated Filer ☐ Smaller Reporting Company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the

registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes   ☐   No   ☒ . Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Common Stock, no par value – 481,959,583 shares (July 30, 2026) SAFE HARBOR STATEMENT This

Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical or current fact included in this Quarterly Report on Form 10-Q, are forward-looking statements. You can identify forward-looking statements by

the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “outlook,” “forecast,” “will,” “should,” “can

have,” “likely,” “goals,” “objectives,” “priorities,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. For example, all statements the Company makes relating to its future results of operations and underlying assumptions, growth

opportunities, operational execution and improvements, progress on the Company’s strategic priorities, changes to the margin environment, earnings improvements, future demand, future investments, policy changes, capital allocation priorities and actions, the biofuels environment, global trade and tariff conditions, energy prices, and global market volatility are forward-looking statements.

All forward-looking statements are subject to significant risks, uncertainties and changes in circumstances that could cause actual results and outcomes to differ materially from those expressed or implied in the forward-looking statements, including, without limitation, (1) operational risks related to equipment failure, natural disasters, epidemics, pandemics, adverse weather conditions,

60 Item 6. Exhibits 61 Signatures 62 Table of Contents PART I - FINANCIAL INFORMATION ITEM 1.    CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) ARCHER-DANIELS-MIDLAND COMPANY CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (In millions, except per share amounts) Revenues $ 22,681   $ 21,166   $

43,171   $ 41,341   Cost of products sold 20,746   19,796   40,014   38,791   Gross Profit 1,935   1,370   3,157   2,550   Selling, general, and administrative expenses 1,026   911   1,987   1,843   Asset impairment, exit, and restructuring costs 13   137   25   175   Equity in (earnings) of unconsolidated

affiliates ( 142 ) ( 134 ) ( 231 ) ( 278 ) Interest and investment (income) expense ( 116 ) 70   ( 241 ) ( 68 ) Interest expense 148   159   297   317   Other (income) – net ( 82 ) ( 52 ) ( 152 ) ( 71 ) Earnings Before Income Taxes 1,088   279   1,472   632   Income tax expense 176   62   257   123   Net Earnings Including

Non-controlling Interests 912   217   1,215   509   Net earnings (loss) attributable to non-controlling interests 4   ( 2 ) 9   ( 5 ) Net Earnings Attributable to Archer-Daniels-Midland Company $ 908   $ 219   $ 1,206   $ 514   Weighted average number of shares outstanding – basic 485   484   485   483   Weighted average

number of shares outstanding – diluted 485   484   485   484   Basic earnings per common share $ 1.87   $ 0.45   $ 2.49   $ 1.06   Diluted earnings per common share $ 1.87   $ 0.45   $ 2.49   $ 1.06   Dividends per common share $ 0.52   $ 0.51   $ 1.04   $ 1.02   The accompanying notes are an integral part of

ADM: gross margin for the quarter ending 30 June 2026 was 8.5%.

ADM: net profit for the quarter ending 30 June 2026 was $908,000,000.00.

ADM: revenue for the quarter ending 30 June 2026 was $22,681,000,000.00.