ADM · 8-K · 20261103PR000054

Working Capital Changes

Archer-Daniels-Midland Co · 2026-11-03 · Importance 63 · Surprise 64

Operating working capital was $9.678 billion at September 30, 2026, up from $7.176 billion a year earlier, an increase of $2.502 billion. Changes in operating assets and liabilities used $1.225 billion of cash in the first nine months of 2026, compared with providing $3.678 billion in the prior-year period. This working-capital movement contributed to the decline in reported operating cash flow to $1.788 billion from $5.765 billion.

Key facts

• ADM's other changes in operating assets and liabilities were a $1.225 billion use of cash in the nine months ended September 30, 2026, compared with a $3.678 billion source of cash in the same 2025 period. source
• ADM's year-to-date 2026 cash flows from operations before working capital were $3.0 billion, based on operating cash flow of $1.8 billion adjusted for a $1.2 billion working-capital outflow. source
• ADM's year-to-date 2025 cash flows from operations before working capital were $2.1 billion, based on operating cash flow of $5.8 billion adjusted for a $3.7 billion working-capital inflow. source