Cargill reported revenue of $154 billion in fiscal year 2025, which ended last May, according to the company's annual report. The amount represents a 3.75% decrease from the $160 billion in the previous fiscal year. The privately held company, with businesses focused on meat, grains, and food ingredients, continues to restructure in the face of falling grain prices and the reduction of the cattle herd in the United States, according to the report.
The company's restructuring began in September of last year.
Cargill reduced the number of business units from five to three and announced at the end of 2024 the dismissal of 5% of its global workforce, or about 8,000 workers.
In the annual report, Cargill CEO Brian Sikes highlighted the acquisition of the entirety of SJC Bioenergia in April of this year. The acquisition will help "meet the growing market needs for biofuels and expand our presence in the renewable energy sector," he stated.