ADM · 8-K · 20260804PR000040

Operating Expense Trends

Archer-Daniels-Midland Co · 2026-08-04 · Importance 42 · Surprise 40

Second-quarter selling, general, and administrative expense increased 12.6% to $1.026 billion from $911 million, exceeding the materiality threshold of $680 million. Corporate results improved by $38 million to a $460 million expense, reflecting the non-recurrence of prior-year impairment losses and lower financing costs. Higher performance-based compensation and an $80 million increase in unallocated corporate function costs partially offset the improvement. Six-month SG&A increased 7.8% to $1.987 billion from $1.843 billion.

Key facts

• Corporate results improved in 2Q26 reflecting the non-recurrence of prior-year quarter impairment losses and lower financing costs, partially offset by higher performance-based compensation source
• Selling, general, and administrative expenses for the quarter ended June 30, 2026: $1,026 million source
• ADM reported depreciation and amortization for six months ended June 30, 2026: $586 million source
• Corporate other income - net for the six months ended June 30, 2026: $50 million source
• ADM's four-quarter Adjusted Return on Invested Capital (Adjusted ROIC) as of June 30, 2026: 7.8% source
• Return on Invested Capital (ROIC) as of June 30, 2026: 6.7% source