• YTD effects mirror quantity good points in each sections, call for for fresh generation, and outperformance on controllables
• Reduce Coverage YTD effects pushed by means of double-digit quantity expansion in fresh merchandise and biologicals
• Seed YTD effects mirror call for for latest hybrids and sorts, robust operational execution, and expansion in out-licensing
• Complete-year 2025 steerage³ raised because of year-to-date efficiency, incremental controllable lever advantages, and power of expansion platforms

INDIANAPOLIS, Nov. 4, 2025 /PRNewswire/ — Corteva, Inc. (NYSE: CTVA) (“Corteva” or the “Company”) these days reported monetary effects for the 3rd quarter and 9 months ended September 30, 2025.

2025 YTD Highlights

• Internet gross sales higher 4% as opposed to prior 12 months. Natural¹ gross sales higher 6% in the similar length with good points in virtually all areas.
• Seed web gross sales higher 5% and natural¹ gross sales higher 7%. Worth/Combine was once up 3% led by means of North The united states² and EMEA² with persevered execution at the Corporate’s price-for-value technique for fresh generation choices. Quantity higher 4%, essentially reflecting higher corn section in North The united states² and early safrinha deliveries in Latin The united states.
• Reduce Coverage web gross sales higher 3% and natural¹ gross sales higher 5%. Quantity higher 7%, pushed by means of fresh merchandise and biologicals call for. Worth declined 2% essentially because of the marketplace dynamics in Latin The united states.
• GAAP source of revenue and profits in line with proportion (EPS) from proceeding operations have been $1.74 billion and $2.54 in line with proportion, respectively.
• Running EBITDA¹ and Running EPS¹ have been $3.40 billion, and $3.11 in line with proportion, respectively.
• The Corporate up to date full-year 2025 steerage³ and expects web gross sales within the space of $17.7 billion to $17.9 billion. Running EBITDA¹ is predicted to be within the space of $3.8 billion to $3.9 billion. Running EPS¹ is predicted to be within the space of $3.25 to $3.35 in line with proportion.
• The Corporate equipped a initial view³ of 2026 and expects Running EBITDA¹ to be $4.1B on the midpoint of the space.

______________________________________________________________________________________

“We delivered a robust 3rd quarter around the corporate, reinforcing our conviction that our two companies will proceed to thrive as distant family firms.  In Reduce Coverage, call for for differentiated generation and productiveness good points backup margin enlargement, past Seed continues to take pleasure in its power in complicated genetics, expansion in out-licensing and ongoing value self-discipline.

Our deliberate split-up in the second one part of 2026 is pushed by means of our trust that it’ll manufacture long-term cost, as “New Corteva” and “SpinCo” give a boost to their positions as marketplace leaders with sharper center of attention, adapted capital allocation methods and higher flexibility.  Till later, we will be able to proceed to blast on our expansion platforms and fiscal framework as one corporate with a unifying visual: to force cost for farmers, shareholders, workers and the communities all of us name house.”

Chuck Magro
Prominent Govt Officer

______________________________________________________________________________________

Corporate Updates
On October 1, 2025, the Corporate introduced its plan to sovereign into two distant family firms: “New Corteva,” concerned about differentiated generation answers in compres coverage, together with biologicals, and “SpinCo,” devoted to complicated genetics and rising applied sciences together with gene enhancing, hybrid wheat, and biofuels.  The transaction is predicted to be finished in the second one part of 2026, topic to normal approvals.

Strategic Rationale

• Distinct Marketplace Alternatives: The split-up permits adapted innovation, operational design, and go-to-market methods for each and every corporate.
• Farmer-Centric Flexibility: Each firms shall be higher situated to bring extra possible choices and seriously wanted applied sciences to farmers, maximizing and protective surrenders in a dynamic world marketplace.
• Capital Allocation Optimization: Each and every trade can have the monetary flexibility and centered investment-grade credit score scores to pursue long-term expansion, each organically and thru acquisitions.

Launching from Energy

• During the first part of 2025, Corteva returned $7 billion in coins to shareholders since 2019.
• Corteva has invested $8.9 billion⁴ in cumulative analysis and construction since 2019.
• Corteva has introduced over 2,500 fresh Seed and Reduce Coverage merchandise since 2019.

Later Steps

• A devoted split-up control group has been established.
• The split-up is meant to qualify as a tax-free transaction for U.S. federal tax functions.
• Management and board transition making plans is ongoing.

Abstract of 3rd Quarter 2025
For the 3rd quarter ended September 30, 2025, web gross sales higher 13% as opposed to the identical length ultimate 12 months. Natural¹ gross sales higher 11%.

Quantity was once up 12% as opposed to prior 12 months on expansion in each Reduce Coverage and Seed. Reduce Coverage quantity higher 5% over the prior 12 months pushed essentially by means of call for for fresh merchandise, herbicides, and biologicals.  Seed quantity higher 27% as opposed to prior 12 months due essentially to early deliveries in Latin The united states in go of the safrinha season.

Worth was once ailing 1% as opposed to prior 12 months. Seed fee/combine was once up in just about all areas, offset by means of aggressive fee dynamics in Latin The united states for each Seed and Reduce Coverage.

GAAP source of revenue from proceeding operations next source of revenue taxes was once a lack of $308 million in 3rd quarter of 2025 in comparison to a lack of $519 million in 3rd quarter of 2024. Running EBITDA¹ for the 3rd quarter of 2025 was once source of revenue of $49 million, up 149% in comparison to prior 12 months.

Seed Abstract
Seed web gross sales have been $917 million in the 3rd quarter of 2025, up from $691 million in the 3rd quarter of 2024. The gross sales building up displays a 27% building up in quantity, a 4% building up in fee/combine, and a 2% favorable forex have an effect on.

Quantity expansion within the quarter displays early safrinha deliveries in Brazil, fix of corn acres in Argentina and higher corn gross sales in EMEA, partly offset by means of decrease oilseed section in APAC. The rise in fee is due essentially to higher out-licensing source of revenue and persevered call for for supremacy generation. 

Section working EBITDA was once a lack of $193 million within the 3rd quarter of 2025, an development of 40% from the 3rd quarter of 2024. Higher corn volumes, royalty source of revenue, and value advantages from productiveness and deflation drove the development as opposed to prior 12 months, partly offset by means of upper reimbursement expense, commissions, and analysis expense.  

Seed web gross sales have been $8.16 billion within the first 9 months of 2025, up 5% from the similar length of 2024. The gross sales building up displays a three% building up in fee/combine and a 4% building up in quantity, partly offset by means of a 2% unfavourable forex have an effect on.

Worth/Combine good points in maximum areas, led by means of North The united states, display call for for supremacy generation and the power of the portfolio, coupled with higher out-licensing source of revenue. Quantity expansion was once pushed essentially by means of higher corn section and proportion good points in North The united states, an early begin to safrinha deliveries in Brazil, and fix of corn acres in Argentina.  This was once partly offset by means of decrease soybean section in North The united states. Destructive forex affects have been led by means of the Brazilian Actual and the Canadian buck.

Section working EBITDA was once $2.51 billion for the primary 9 months of 2025, up 18% from the identical length of 2024. Industrial execution and marketplace proportion good points in North The united states, product combine, aid of web royalty expense, and ongoing value and productiveness movements greater than offset higher reimbursement, commissions, analysis expense and the unfavourable have an effect on of forex. Section working EBITDA margin stepped forward by means of roughly 340 foundation issues as opposed to the prior-year length.

Reduce Coverage Abstract
Reduce Coverage web gross sales have been roughly $1.70 billion within the 3rd quarter of 2025 in comparison to roughly $1.64 billion within the 3rd quarter of 2024. The gross sales building up over the prior length displays a 5% building up in quantity and a 1% favorable take pleasure in forex, partly offset by means of a 2% fee subside.

The rise in quantity was once essentially pushed by means of call for for fresh merchandise, herbicides, and biologicals. The associated fee subside was once essentially because of the aggressive pricing situation in Latin The united states, partly offset by means of North The united states fee will increase.  Destructive forex affects have been led by means of the Brazilian Actual.

Section working EBITDA was once $279 million within the 3rd quarter of 2025, up 13% from the 3rd quarter of 2024. Productiveness financial savings and quantity expansion greater than offset the unfavourable have an effect on of forex and worth force. Section working EBITDA margin stepped forward by means of roughly 135 foundation issues as opposed to the prior-year length.

Reduce Coverage web gross sales have been roughly $5.33 billion for the primary 9 months of 2025 in comparison to roughly $5.16 billion in the similar length of 2024. The gross sales building up displays a 7% building up in quantity, partly offset by means of a 2% subside in fee and a 2% unfavourable have an effect on from forex.

The building up in quantity was once pushed by means of call for for fresh merchandise, herbicides, fungicides, and biologicals.  The associated fee subside was once essentially because of marketplace dynamics in Latin The united states. Destructive forex affects have been led by means of the Brazilian Actual and the Turkish Lira.

Section working EBITDA was once $990 million for the primary 9 months of 2025, up 22% from the similar length ultimate 12 months. Uncooked subject material deflation, productiveness financial savings, and quantity expansion greater than offset the unfavourable have an effect on of forex, fee force, and better reimbursement and sinister debt expense in SG&A.  Section working EBITDA margin stepped forward by means of roughly 285 foundation issues as opposed to the prior-year length.

2025 Steerage and 2026 Initial View
The worldwide outlook for agriculture extra blended with robust call for and manufacturing, however stressed commodity costs and farmer margins.  World corn section was once up in 2025, maximum significantly in North The united states, pushed by means of favorable corn economics relative to soybeans, with expectancies for a mid-single digit planted section building up in Latin The united states.  We proceed to be expecting a massive compres manufacturing 12 months, however retaining month with report call for, to bring about decade-low world corn keep ranges.

World compres coverage {industry} volumes have stabilized and rebounded in maximum areas, past costs are starting to display indicators of stabilization. Because it relates to ongoing tariff negotiations all over the world, we don’t seem to be anticipating a subject material web have an effect on on our full-year 2025 effects given insurance policies in playground these days. 

The Corporate up to date full-year 2025 steerage with web gross sales anticipated to be within the space of $17.7 billion to $17.9 billion, expansion of ~5% on the mid-point.  Running EBITDA¹ is predicted to be $3.8 billion to $3.9 billion, expansion of 14% on the mid-point. Running EPS¹ is predicted to be $3.25 to $3.35 in line with proportion, expansion of 28% on the mid-point. The Corporate expects to repurchase roughly $1.0 billion of stocks in 2025.

For full-year 2026, the Corporate’s initial view of working EBITDA¹ is $4.1 billion on the mid-point, reflecting expansion of ~6%.

The Corporate isn’t in a position to reconcile its forward-looking non-GAAP monetary measures, to its maximum similar U.S. GAAP monetary measures, as it’s not able to expect with cheap simple task pieces outdoor of its regulate, equivalent to Important Pieces, with out unreasonable aim.

3rd Quarter Convention Name
The Corporate will host a are living webcast of its 3rd quarter 2025 profits convention name with buyers to talk about its effects and outlook the next day, November 5, 2025, at 9:00 a.m. ET. The slide presentation that accompanies the convention name is posted at the Corporate’s Investor Occasions and Displays web page. A replay of the webcast can also be to be had at the Investor Events and  Presentations page.

About Corteva
Corteva, Inc. (NYSE: CTVA) is an international pure-play agriculture corporate that mixes industry-leading innovation, high-touch buyer engagement and operational execution to profitably ship answers for the arena’s maximum urgent agriculture demanding situations. Corteva generates advantaged marketplace desire via its distinctive distribution technique, at the side of its balanced and globally numerous mixture of seed, compres coverage, and virtual services and products. With one of the crucial maximum known manufacturers in agriculture and a generation pipeline neatly situated to force expansion, the corporate is dedicated to maximizing productiveness for farmers, past operating with stakeholders all through the meals device because it fulfills its word to complement the lives of those that create and people who devour, making sure travel for generations to come back. Additional information will also be discovered at www.corteva.com.

Cautionary Observation About Ahead-Having a look Statements
This press leave comprises sure estimates and forward-looking statements inside the which means of Division 21E of the Securities Trade Work of 1934, as amended, and Division 27A of the Securities Work of 1933, as amended, which might be meant to be lined by means of the cover harbor provisions for forward-looking statements contained within the Personal Securities Litigation Reform Work of 1995, and could also be recognized by means of their significance of phrases like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates,” “outlook,” or alternative phrases of matching which means. All statements that deal with expectancies or projections in regards to the while, together with statements about Corteva’s monetary effects or outlook; technique for expansion; product construction; regulatory approvals; marketplace place; capital allocation technique; liquidity; sustainability objectives and tasks; the expected advantages of acquisitions, restructuring movements, or value financial savings tasks; and the result of contingencies, equivalent to litigation and environmental issues, are forward-looking statements.

Ahead-looking statements and alternative estimates are in response to sure suppositions and expectancies of while occasions which will not be correct or discovered. Ahead-looking statements and alternative estimates additionally contain dangers and uncertainties, a lot of which might be past the corporate’s regulate. Week the listing of things offered beneath is regarded as consultant, refuse such listing will have to be thought to be to be an entire observation of all possible dangers and uncertainties. Unlisted components might provide vital supplementary hindrances to the belief of forward-looking statements. Aftereffects of subject material variations in effects as in comparison with the ones expected within the forward-looking statements may just come with, amongst alternative issues, trade disruption, operational issues, monetary loss, prison legal responsibility to 3rd events and matching dangers, any of which may have a subject material antagonistic impact at the corporate’s trade, result of operations and fiscal status. One of the most notable components that would motive the corporate’s latest effects to vary materially from the ones projected in the sort of forward-looking statements come with: (i) failure to acquire or uphold the vital regulatory approvals for one of the crucial corporate’s merchandise; (ii) failure to effectively form and commercialize the corporate’s pipeline; (iii) impact of the level of family figuring out and acceptance or perceived family acceptance of the corporate’s biotechnology and alternative agricultural merchandise; (iv) impact of adjustments in agricultural and homogeneous insurance policies of governments and global organizations; (v) prices of complying with evolving regulatory necessities and the impact of latest or alleged violations of environmental rules or allow necessities; (vi) impact of situation trade and unpredictable seasonal and climate components; (vii) failure to conform to pageant and antitrust rules; (viii) impact of pageant within the corporate’s {industry}; (ix) competitor’s established order of an middleman platform for distribution of the corporate’s merchandise; (x) dangers homogeneous to contemporary investment and personnel discounts at U.S. executive companies; (xi) chance homogeneous to geopolitical and armed forces battle; (xii) impact of volatility within the corporate’s enter prices; (xiii) dangers homogeneous to the corporate’s world operations; (xiv) impact of business espionage and alternative disruptions to the corporate’s provide chain, knowledge generation or community methods; (xv) dangers homogeneous to environmental litigation and the indemnification duties of legacy EIDP liabilities in reference to the Corteva split-up; (xvi) have an effect on of the corporate’s dependence on 3rd events with admire to sure of its uncooked fabrics or licenses and commercialization; (xvii) failure of the corporate’s consumers to pay their money owed to the corporate, together with buyer financing techniques; (xviii) failure to successfully govern acquisitions, divestitures, alliances, restructurings, value financial savings tasks, and alternative portfolio movements; (xix) failure to boost capital throughout the capital markets or non permanent borrowings on phrases applicable to the corporate; (xx) will increase in pension and alternative post-employment get advantages plan investment duties; (xxi) dangers homogeneous to pandemics or epidemics; (xxii) capital markets sentiment against sustainability issues; (xxiii) the corporate’s highbrow component rights or protection towards highbrow component claims asserted by means of others; (xxiv) impact of counterfeit merchandise; (xxv) the corporate’s dependence on highbrow component cross-license oaths; (xxvi) dangers homogeneous to Corteva’s Break-up from DowDuPont; and (xxvii) dangers homogeneous to Corteva’s proposed split-up, together with, however no longer restricted to, whether or not the targets of the proposed split-up shall be accomplished; the phrases, construction, advantages and prices of any motion or transaction as a result of the proposed split-up; the timing of the sort of split-up or homogeneous motion and whether or not the sort of split-up shall be consummated in any respect; the danger the proposed split-up may just divert the eye and date of the corporate’s control; the danger of any sudden prices or bills as a result of the proposed split-up procedure or split-up itself; and the danger of any litigation on account of, or in relation to, the proposed split-up.   

Moreover, there could also be alternative dangers and uncertainties that Corteva is not able to recently determine or that Corteva does no longer recently be expecting to have a subject material have an effect on on its trade. The place, in any forward-looking observation or alternative estimate, an expectation or trust as to while effects or occasions is expressed, such expectation or trust is in response to the wave plans and expectancies of Corteva’s control and expressed in just right religion and believed to have a cheap foundation, however there will also be refuse word of honour that the expectancy or trust will end result or be accomplished or completed. Corteva disclaims and does no longer adopt any legal responsibility to replace or revise any forward-looking observation, excluding as required by means of acceptable legislation. An in depth dialogue of one of the crucial vital dangers and uncertainties which might motive effects and occasions to vary materially from such forward-looking statements is integrated within the “Risk Factors” division of Corteva’s Annual File on Mode 10-Okay, as changed by means of next Quarterly Stories on Modes 10-Q and Wave Stories on Mode 8-Okay.

Law G (Non-GAAP Monetary Measures)
This profits leave comprises knowledge that doesn’t comply with U.S. GAAP and are thought to be non-GAAP measures. Those measures might come with natural gross sales, natural expansion (together with by means of branch and patch), working EBITDA, working profits (loss) in line with proportion, and bottom source of revenue tax price. Control makes use of those measures internally for making plans and forecasting, together with allocating assets and comparing incentive reimbursement. Control believes that those non-GAAP measures very best mirror the continued efficiency of the Corporate all the way through the sessions offered and grant extra related and significant knowledge to buyers as they grant perception with admire to ongoing working result of the Corporate and a extra helpful comparability of 12 months over 12 months effects. Those non-GAAP measures complement the Corporate’s U.S. GAAP disclosures and will have to no longer be seen as an spare to U.S. GAAP measures of efficiency. Moreover, such non-GAAP measures will not be in step with matching measures equipped or impaired by means of alternative firms. Reconciliations for those non-GAAP measures to U.S. GAAP are equipped in the Decided on Monetary Knowledge and Non-GAAP Measures inauguration on web page A-5 of the Monetary Observation Schedules.

Corteva isn’t in a position to reconcile its forward-looking non-GAAP monetary measures to its maximum similar U.S. GAAP monetary measures, as it’s not able to expect with cheap simple task pieces outdoor of the Corporate’s regulate, equivalent to vital pieces, with out unreasonable aim. For vital pieces reported within the sessions offered, please see web page A-10 of the Monetary Observation Schedules. Starting January 1, 2020, the Corporate items sped up pay as you go royalty amortization expense as an important merchandise. Sped up pay as you go royalty amortization represents the non-cash rate related to the popularity of prematurely bills made to Monsanto in reference to the Corporate’s non-exclusive license in the US and Canada for Monsanto’s Genuity® Roundup Able 2 Handover® and Roundup Able 2 Xtend® herbicide tolerance characteristics. Because of the ramp-up of Enlist E3^TM, Corteva considerably diminished the quantity of goods with the Roundup Able 2 Handover® and Roundup Able 2 Xtend® herbicide tolerance characteristics starting in 2021, with anticipated minimum significance of the component platform thereafter. In 2023 and 2024, the corporate dedicated to restructuring actions to optimize the Reduce Coverage community of producing and exterior companions, which might be anticipated to be considerably entire in 2026. The corporate expects to report roughly $160 million to $175 million web pre-tax restructuring fees all the way through 2025 for those actions.

Natural gross sales is outlined as fee and quantity and excludes forex and portfolio and alternative affects, together with vital pieces. Running EBITDA is outlined as profits (loss) (i.e., source of revenue (loss) from proceeding operations earlier than source of revenue taxes) earlier than pastime, depreciation, amortization, non-operating advantages (prices), foreign currency echange good points (losses), and web unrealized acquire or loss from mark-to-market task for sure foreign exchange spinoff tools that don’t qualify for hedge accounting, aside from the have an effect on of vital pieces and split-up prices. Non-operating advantages (prices) is composed of non-operating pension and alternative post- business get advantages (OPEB) credit (prices), tax indemnification changes, and environmental remediation and prison prices related to legacy companies and websites. Tax indemnification changes relate to adjustments in indemnification balances, on account of the appliance of the phrases of the Tax Issues Oath, between Corteva and Dow and/or DuPont that are recorded by means of the Corporate as pre-tax source of revenue or expense.

Running profits (loss) in line with proportion is outlined as “earnings (loss) per common share from continuing operations – diluted” aside from the after-tax have an effect on of vital pieces, the after-tax have an effect on of split-up prices, the after-tax have an effect on of non-operating advantages (prices), the after-tax have an effect on of amortization expense related with intangible property current as of the Break-up from DowDuPont, and the after-tax have an effect on of web unrealized acquire or loss from mark-to-market task for sure foreign exchange spinoff tools that don’t qualify for hedge accounting. Even if amortization of the Corporate’s intangible property is excluded from those non-GAAP measures, control believes it’s notable for buyers to keep in mind that such intangible property give a contribution to earnings past. Amortization of intangible property that relate to year acquisitions will recur in while sessions till such intangible property had been absolutely amortized. Any while acquisitions might lead to amortization of supplementary intangible property. Internet unrealized acquire or loss from mark-to-market task for sure foreign exchange spinoff tools that don’t qualify for hedge accounting represents the non-cash web acquire (loss) from adjustments in truthful cost of sure undesignated foreign exchange spinoff agreements. Upon agreement, which is inside the similar calendar 12 months of execution of the pledge, the discovered acquire (loss) from the adjustments in truthful cost of the non-qualified international forex spinoff agreements will be reported in the related non-GAAP monetary measures, permitting quarterly effects to mirror the financial results of the foreign exchange spinoff agreements with out the ensuing unrealized mark to truthful cost volatility. Bottom source of revenue tax price is outlined because the efficient source of revenue tax price much less the impact of trade good points (losses), vital pieces, split-up prices, amortization of intangibles (current as of Corteva Break-up), mark-to-market (good points) losses on sure foreign exchange agreements no longer designated as hedges, and non-operating (advantages) prices.

® TM Corteva Agriscience and its affiliated firms.
11/4/2025

SOURCE Corteva Agriscience