Corteva closes 2025 with an increase in seed prices.

Corteva ended 2025 with sales growth, advancements in seeds and crop protection, and strong cash generation. The company reported net revenue of US$17,4 billion, up 3% from 2024. Organic sales grew 4%, with gains in all regions. Net income from continuing operations was US$1,20 billion.

Seed performance supported the annual result. Segment sales grew 4% to US$9,9 billion. Organic sales advanced 5%. Price and mix rose 3%, driven by newer technologies and a value-based pricing strategy. Volume increased 2%, with corn sales in North America and Brazil standing out. The segment's operating EBITDA reached US$2,64 billion.

Crop protection

The crop protection segment also advanced in 2025. Net sales grew 2%, totaling US$7,5 billion. Organic growth was 3%. Volume increased 5%, supported by new products, herbicides, and biologicals. Prices fell 2% due to competitive dynamics in Latin America. The segment's operating EBITDA reached US$1,35 billion, a 6% increase year-over-year.

Cash generation was a highlight. Cash from continuing operations reached US$3,5 billion, a 51% increase. Free cash flow totaled US$2,9 billion, a 69% increase. The company returned more than US$1,5 billion to shareholders throughout the year.

In the fourth quarter, net revenue totaled US$3,91 billion, a 2% decrease year-over-year. The result mainly reflected seasonal effects and the postponement of deliveries to the beginning of 2026.

Corporate separation

The company maintained its corporate separation schedule, with completion expected in the second half of 2026. Corteva also finalized a broad agreement with Bayer, which expands operational freedom, accelerates the path to royalty neutrality in 2026, and expands licensing opportunities in corn, canola, and cotton. The agreement involves a disbursement of US$610 million, concentrated in the first quarter of 2026.

For 2026, the company projects growth. Operating EBITDA is expected to be between US$4,0 billion and US$4,2 billion. Operating profit per share is expected to range from US$3,45 to US$3,70. The estimate considers firm agricultural demand, price pressure in some regions, and an estimated tariff impact of US$80 million.