The Andersons, Inc. reported a total revenue of $11.01 billion for the fiscal year ending December 31, 2025, a decrease of 2.2% from $11.26 billion in 2024. The company's gross profit increased to $713.7 million, up from $693.9 million in the previous year, reflecting a gross margin of 6.5%. The net income attributable to the company was $95.7 million, translating to earnings per share of $2.81, down from $3.35 in 2024. The decline in revenue was primarily attributed to lower commodity prices and reduced volumes in the Agribusiness segment, which saw sales drop to $8.26 billion from $8.46 billion in 2024.
Significant operational changes included the acquisition of the remaining 49.9% interest in The Andersons Marathon Holdings LLC (TAMH) for $425 million, completed on July 31, 2025. This acquisition allowed the company to consolidate its ethanol production operations fully, which contributed nearly $40 million in incremental income before taxes in the latter half of the year. The company also deconsolidated ELEMENT, LLC, which had been a variable interest entity, resulting in a pretax gain of $6.5 million. The restructuring of the company's segments, effective January 1, 2025, combined the former Trade and Nutrient & Industrial segments into a new Agribusiness segment.
The company reported a total employee count of 2,137 as of December 31, 2025, with operations spanning approximately 180 locations across North America and Europe. The Agribusiness segment's grain storage capacity decreased to 271 million bushels from 291 million in 2024, primarily due to the closure of underperforming locations and an incident at a grain terminal in Texas. The Renewables segment continued to perform well, with ethanol production setting a record, although it faced challenges from higher corn basis and natural gas costs.
Looking ahead, The Andersons, Inc. anticipates a more favorable market environment in 2026, driven by expected increases in corn plantings and strong domestic demand for premium ingredients. The company expects to invest between $200 million and $225 million in property, plant, and equipment in 2026, focusing on both growth and maintenance capital. The management remains optimistic about the potential for improved margins in the Agribusiness segment, supported by favorable export demand and traditional basis appreciation opportunities.
About Andersons, Inc.
The Andersons, Inc. is a diversified North American agriculture company operating in trade, renewables, and nutrient & industrial segments. It merchandises grains and commodities, produces and markets ethanol and biofuels, and manufactures and distributes agricultural nutrients, turf products, and industrial chemicals. Serving farmers, ethanol plants, and commercial customers, the company leverages extensive logistics, processing facilities, and risk management to provide integrated agricultural supply chain solutions.
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