10-KPeriod: FY2025

EIDP, Inc. Annual Report, Year Ended Dec 31, 2025

Filed February 12, 2026For Securities:CTA-PBCTA-PA

Summary

EIDP, Inc. (CTA-PB) reported solid performance for the fiscal year ended December 31, 2025. Net sales increased by 3% year-over-year to $17.4 billion, driven by a 1% increase in price and a 3% increase in volume, partially offset by a 1% unfavorable currency impact. The company demonstrated strong operational execution with a 6% increase in Segment Operating EBITDA to $3.99 billion, reflecting favorable Seed pricing and product mix, alongside ongoing cost and productivity improvements. A significant development for investors is Corteva's announcement of its intent to separate its Seed and Crop Protection businesses into two standalone public companies, a transaction expected to be completed in the second half of 2026. Shareholders were rewarded with capital returns, as the company returned approximately $1.5 billion to shareholders through share repurchases and dividends during the year. The Board of Directors approved a 6% increase in the quarterly dividend, signaling confidence in the company's financial health. Management remains focused on delivering innovation to farmers, executing its strategy efficiently, and deploying capital with discipline.

Key Highlights

  • 1Net sales increased by 3% to $17.4 billion, driven by higher prices and volumes.
  • 2Segment Operating EBITDA grew by 6% to $3.99 billion, reflecting strong operational performance and cost management.
  • 3Corteva announced plans to spin off its Seed and Crop Protection businesses into two separate companies in the second half of 2026.
  • 4The company returned approximately $1.5 billion to shareholders through dividends and share repurchases.
  • 5Quarterly dividend increased by 6%, demonstrating commitment to shareholder returns.
  • 6Continued investment in research and development to drive future innovation and product pipelines.
  • 7Strong geographical diversification with significant sales across North America, Latin America, EMEA, and Asia Pacific.

Frequently Asked Questions

Corteva plans to focus on executing its value creation framework, which includes delivering top-tier technology, gaining market share in seed trait out-licensing, driving operational improvements for cost and productivity benefits, and completing the intended separation of its Seed and Crop Protection businesses into two standalone companies in the second half of 2026. The company also aims to deliver innovation to farmers faster and deploy capital with discipline.

For the fiscal year ended December 31, 2025, Corteva reported net sales of $17.4 billion, a 3% increase from the prior year. Segment Operating EBITDA grew by 6% to $3.99 billion. The company also returned approximately $1.5 billion to shareholders through share repurchases and dividends.

Key risks highlighted in the filing include regulatory approvals for products, the success of pipeline products, public acceptance of biotechnology and agricultural products, intense competition, changes in government policies, evolving regulatory compliance costs, climate change and weather volatility, potential disruptions to supply chains and IT systems, litigation, and the successful execution of the proposed business separation. The company also faces risks related to input cost volatility and global operational challenges.

The planned spin-off aims to create two industry-leading, independent public companies focusing on either Seed or Crop Protection. This strategic move is intended to unlock further value by allowing each business to pursue its specific growth strategies and capital allocation priorities more effectively, potentially leading to enhanced shareholder value.