What is Corteva's overall financial performance for the third quarter of 2025?

Corteva reported a net loss of $320 million ($0.47 per share) for the third quarter of 2025, an improvement compared to the net loss of $524 million ($0.76 per share) in the same period last year. Net sales increased by 13% to $2.62 billion, driven by a 12% rise in volume and favorable currency movements, partially offset by a slight price decrease.

What are the key drivers behind the sales growth?

Sales growth was primarily driven by a 12% increase in volume across both segments. The Seed segment saw a significant 33% increase in net sales due to early safrinha season deliveries in Brazil and recovery in Argentina. The Crop Protection segment's net sales grew 4%, fueled by demand for new products, herbicides, and biologicals. Favorable currency impacts also contributed positively.

What is the significance of the announced separation into two companies?

Corteva announced its intention to separate its seed and crop protection businesses into two independent, publicly traded companies. This strategic move is expected to unlock greater value for shareholders by allowing each business to focus on its distinct market dynamics and growth opportunities, operate with enhanced agility, and potentially attract a wider investor base suited to each segment's profile. The separation is planned as a tax-free spin-off.

How did the company manage its costs and profitability?

Despite increased sales, the company's cost of goods sold also rose, but as a percentage of net sales, it improved in the nine-month period due to ongoing cost and productivity actions and lower commodity prices. Operating EBITDA improved significantly for both the third quarter and the nine-month period, indicating effective cost management and operational efficiencies, particularly in the Seed segment with strong pricing and royalty income, and in Crop Protection with raw material deflation and productivity savings.

CTVA 10-Q Quarterly Report Q3 FY2025 — Revenue, Net Income, EPS

Summary

Corteva, Inc. reported a net loss of $320 million, or $0.47 per share, for the third quarter of 2025, a significant improvement from the prior year's loss of $524 million, or $0.76 per share. This turn-around was driven by a substantial increase in net sales, which grew 13% to $2.62 billion, fueled by a 12% volume increase and a favorable 2% currency impact, partially offset by a 1% price decline. The company's Seed segment showed particular strength, with net sales up 33% driven by early deliveries in Brazil and recovery in Argentina, while the Crop Protection segment also saw a 4% increase in net sales due to demand for new products. For the nine-month period, net sales increased by 4% to $13.49 billion, with net income reaching $1.65 billion, a significant improvement from $958 million in the prior year. This performance reflects strategic execution in both segments, with the Seed segment benefiting from strong pricing and volume growth and the Crop Protection segment seeing benefits from raw material deflation and productivity savings. The company also announced its intent to separate into two independent publicly traded companies, one focused on seeds and the other on crop protection, a move expected to unlock further value.

Financial Highlights

52 data points

Beta

Revenue

$2.62B

0.4% Gross Margin

Net Income

-$320.00M

-0.1% Net Margin

EPS (Diluted)

$-0.47

Total Assets

$42.20B

Cash & Equivalents

$2.51B

Free Cash Flow

$193.00M

Financial Statements

Beta

Revenue	$2.62B
Cost of Revenue	$1.64B
Gross Profit	$974.00M
R&D Expenses	$351.00M
SG&A Expenses	$725.00M
Net Income	-$320.00M
EPS (Basic)	$-0.47
EPS (Diluted)	$-0.47
Shares Outstanding (Basic)	678.70M
Shares Outstanding (Diluted)	678.70M

Key Highlights

1Net sales increased 13% year-over-year to $2.62 billion in Q3 2025, driven by a 12% volume increase and favorable currency impacts.
2Net loss improved to $320 million ($0.47/share) in Q3 2025, compared to a net loss of $524 million ($0.76/share) in Q3 2024.
3The Seed segment's net sales surged 33% in Q3 2025, primarily due to strong volume growth from early deliveries in Brazil and recovery in Argentina.
4Crop Protection segment's net sales grew 4% in Q3 2025, supported by demand for new products, herbicides, and biologicals.
5For the first nine months of 2025, net sales increased 4% to $13.49 billion, and net income rose to $1.65 billion from $958 million in the prior year.
6Corteva announced its intent to separate into two independent, publicly traded companies focused on seeds and crop protection, expected to be completed in 2026.
7Operating EBITDA for the nine months ended September 30, 2025, improved to $3.40 billion from $2.85 billion in the prior year.

Corteva, Inc. Quarterly Report for Q3 Ended Sep 30, 2025

Summary

Financial Highlights

Key Highlights

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