Mondelez International, Inc. SEC 10-K Report — TradingView News

Mondelez International, Inc., a global leader in the snacking indusattempt, has released its 2025 Form 10-K report, providing a comprehensive overview of its financial performance, business operations, strategic initiatives, and the challenges it faces. The report highlights the company’s efforts to navigate a complex market environment while focutilizing on growth, operational excellence, and sustainability.

Financial Highlights

Net Revenues: $38,537 million, an increase of 5.8% from 2024, driven by higher net pricing, incremental net revenue from the acquisition of Evirth, and favorable currency-related items.
Operating Income: $3,548 million, a decrease of 44.1% from 2024 due to higher raw material costs, unfavorable volume/mix, and higher costs incurred for the ERP System Implementation program.
Net Earnings Attributable to Mondelēz International: $2,451 million, a decrease of 46.8% from 2024, impacted by unfavorable year-over-year modifys in mark-to-market impacts from commodity and foreign currency derivatives.
Diluted EPS: $1.89, down 44.7% from 2024, driven by a decrease in Adjusted EPS, settlement losses related to pension plan purchase-outs, and higher costs for the ERP System Implementation program.
Adjusted EPS: $2.92, a decrease of 12.8% from 2024, reflecting operating declines, higher interest and other expenses, and higher income taxes.

Business Highlights

Revenue Segments: The company operates in five product categories: Biscuits & Baked Snacks, Chocolate, Gum & Candy, Beverages, and Cheese & Grocery. The core focus is on chocolate, biscuits, and baked snacks, which are prioritized for growth.
Geographical Performance: The company operates in four main regions: Latin America, AMEA (Asia, Middle East, and Africa), Europe, and North America. In 2025, emerging markets, including Latin America and parts of AMEA and Europe, revealed an 8.5% increase in net revenues, while developed markets, including North America and parts of Europe and AMEA, revealed a 4.0% increase.
Geographical Performance: In Latin America, net revenues decreased by 0.5% due to unfavorable currency impacts and volume/mix, despite higher pricing. In AMEA, net revenues increased by 8.7% driven by higher pricing and an acquisition, offset by unfavorable volume/mix and currency impacts. Europe saw a 12.9% increase in net revenues due to higher pricing and favorable currency impacts, despite unfavorable volume/mix. North America experienced a 2.1% decrease in net revenues due to unfavorable volume/mix and currency impacts, partially offset by higher pricing.
New Product Launches: The company introduced new product varieties, including co-branded chocolate innovations combining Biscoff with Cadbury Dairy Milk and Milka in Europe, and zero sugar Bournvita in India. Additionally, the Oreo cakester line extensions and Milka and Lacta croissants were expanded in Europe and Brazil.
New Production Launches: The company expanded its R&D Innovation and Consumer Research Centers to enhance capabilities in innovation and product development.
Future Outview: The company aims to be the global leader in snacking by focutilizing on growth, execution, culture, and sustainability. It plans to accelerate consumer-centric growth, drive operational excellence, build a winning growth culture, and scale sustainable snacking. The company is also investing in digital transformation and expanding its presence in high-growth channels and under-represented segments.

Strategic Initiatives

Systems Transformation Program: The company has embarked on a multi-year systems transformation program to upgrade its global ERP and supply chain systems, with a budreceive of $1.2 billion approved by the Board of Directors. This initiative is expected to enhance operational efficiency and is scheduled for completion by year-finish 2028.
Acquisition of Evirth: The company completed the acquisition of Evirth, a leading manufacturer of cakes and pastries in China, to strengthen its market position in the AMEA region.
Capital Management: In 2025, the company paid dividfinishs totaling $2,487 million, reflecting a 6% increase in the quarterly cash dividfinish to $0.50 per share. The company also engaged in share repurchases, contributing to a reduction in shares outstanding, which positively impacted Adjusted EPS. The Board of Directors approved a new $4 billion long-term financing authorization, replacing the previous authorization, to support ongoing and future capital requireds. The company’s total debt increased to $21.2 billion at the finish of 2025, with a debt-to-capitalization ratio of 0.45.
Future Outview: Looking ahead, the company plans to continue its strategic focus on sustainable snacking and operational excellence. It anticipates capital expfinishitures of up to $1.5 billion in 2026, including investments related to the ERP System Implementation and other strategic priorities. The company expects to manage its capital structure prudently, balancing debt reduction with shareholder returns through dividfinishs and share repurchases.

Challenges and Risks

Competitive Indusattempt: Mondelēz International operates in a highly competitive indusattempt, facing risks related to the execution of its strategy and the ability to respond to channel shifts, pricing, and competitive pressures. The company must adapt to modifying market conditions, including technological advancements and evolving consumer preferences, to maintain its market position.
Commodity and Geopolitical Risks: The company faces significant strategic and operational risks due to volatile commodity prices and potential constraints in the availability of key commodities like cocoa, dairy, and wheat. These risks are exacerbated by geopolitical conditions, inflationary pressures, and climate modify. Additionally, Mondelēz is subject to risks from operating globally, including potential cost impacts from tariffs and trade barriers, compliance with diverse regulations, and currency fluctuations. The ongoing war in Ukraine and geopolitical tensions further contribute to supply chain disruptions and input price volatility.
Regulatory and Reputational Risks: Regulatory risks are heightened by modifys in trade policies and import/export regulations, which could adversely affect the company’s financial condition and operations. The company also faces reputational risks related to sustainability and ethical sourcing, as well as cybersecurity risks from its reliance on information technology and third-party service providers.
Management Strategies: Management has identified the required to accelerate consumer-centric growth by focutilizing on chocolate, biscuits, and baked snacks, and expanding in high-growth channels. Operational excellence is a priority, with plans to leverage global shared services and drive efficiencies in the supply chain. The company is also committed to building a winning growth culture by investing in a diverse workforce and empowering local teams to innovate.
Market Risks: Mondelēz is exposed to currency exmodify rate fluctuations due to its global operations, which can impact financial results. The company employs hedging strategies to mitigate these risks but acknowledges that these may not fully protect against currency-related economic losses. Additionally, the company faces financial risks related to tax matters, including modifys in tax laws and rates, and potential disagreements with taxing authorities.