Darling Ingredients reports DGD JV Q4 net income $55M; full-year loss $68M on weaker margins

DARLING INGREDIENTS INC.

2025-FY EPS reported $0.39 revenue$6,135,877,000

DGD Q4 2025 net income $55M, sold 285.3M gallons; Darling's share of DGD Adj. EBITDA $58M ($0.41/gal).
DGD FY 2025 net loss ($68M) vs $298M profit in 2024; sold 1.003B gallons; Darling's share of DGD Adj. EBITDA $104M ($0.21/gal).
JV partner reported its renewable diesel segment Q4 operating income $92M; DGD stand-alone had $24M unfavorable LCM adjustment in Q4.
CEO says DGD and core business strengthened sequentially in Q4; anticipates solid improvement over prior outlook.
Darling will release Q4/FY 2025 results Feb 11 after market; conference call Feb 12.

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