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SEC filingADM delivered modest growth in revenue, gross profit, and net income for Q1 FY2026, supported by improved oilseeds processing volumes and stronger results in ADM Investor Services and Carbohydrate Solutions — though Ag Services and Oilseeds margins declined, reflecting ongoing market volatility.
ADM Investor Services results improved due to increased trading volumes and higher customer balances — a key contributor to earnings stability. The increase in processed oilseeds volumes was primarily tied to improved crush utilization across North and South America, supporting top-line growth despite commodity price headwinds. In Carbohydrate Solutions, tighter North America ethanol stocks — stemming from initial weather-related slowdowns in plant operations and supply chains — combined with strong export demand and positive Renewable Volume Obligations (RVO) clarity to lift margins. Meanwhile, Animal Nutrition subsegment operating profit rose year-over-year, driven by portfolio actions, increased focus on higher-margin product lines, ongoing cost optimization, and foreign exchange gains.