Ingredion reports 3% decline in 2025 net sales  

USA – Ingredion Incorporated, a global provider of ingredient solutions for the food and beverage manufacturing industry, has reported a 3% decline in net sales for the full year 2025 to US$7.219 billion, reflecting lower volumes and unfavorable price and mix dynamics across several markets. 

Despite the sales decline, the company delivered improved profitability. Gross profit increased 2% year-on-year to US$1.828 billion, supported by cost efficiencies and productivity initiatives.  

Net income rose 13% to US$729 million, equivalent to US$11.36 per share, compared with US$647 million, or US$9.88 per share, recorded in the previous fiscal year. 

Reported diluted earnings per share climbed 15% to US$11.18 from US$9.71, while adjusted EPS increased to US$11.13 from US$10.65. The improvement was driven primarily by strong contributions from the Texture & Healthful Solutions segment and the Food & Industrial Ingredients–Latin America business. 

In the fourth quarter, Ingredion posted net sales of US$1.757 billion, down 2% from US$1.800 billion a year earlier. However, operating income surged 36% to US$220 million, largely due to significantly lower restructuring and impairment charges compared with the prior-year period. 

Texture & Healthful Solutions delivered a 2% increase in fourth-quarter sales to US$591 million, supported by 4% volume growth in clean-label and specialty ingredients, as well as additional capacity from upgrades at the Indianapolis facility. Full-year operating income for the segment rose 16% to US$405 million. 

“Clean label remains one of the food industry’s fastest-growing areas, emphasizing its critical role in meeting consumers’ preference for authentic ingredients and simple food labels,” said President and Chief Executive Officer Jim Zallie.  

“Ingredion continues to be a leader in the clean label texturizing space due to the breadth and strength of its portfolio.” 

Food & Industrial Ingredients–Latin America recorded a 1% rise in fourth-quarter sales to US$587 million, while full-year operating income increased 2% to US$493 million as market conditions stabilized. 

In contrast, Food & Industrial Ingredients–US/Canada faced challenges, with fourth-quarter sales falling 9% to US$463 million due to operational disruptions and softer sweetener demand amid elevated canned beverage prices. Full-year operating income for the segment declined 16% to US$315 million. 

Cash flow from operations totaled US$944 million in 2025, down from US$1.436 billion, reflecting higher working capital investments. Capital expenditures reached US$433 million. Ingredion returned US$435 million to shareholders through share repurchases and dividends. 

Looking ahead, Ingredion forecasts 2026 reported and adjusted EPS of US$11.00 to US$11.80, with net sales expected to grow at low- to mid-single-digit rates. 

Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.