Darling Ingredients Inc. delivered a strong fourth quarter in 2025, with solid EBITDA growth and sequential gross margin improvement, despite lower fat prices. The company strategically realigned its portfolio, resulting in restructuring and asset impairment charges, and enhanced its liquidity by monetizing Production Tax Credits.

For Q3 2025, Darling Ingredients reported net income of $19.4 million and EPS of $0.12, driven by continued strength in Feed and Food Ingredients, offset by losses in the Fuel segment. Total revenue reached $1.56 billion, with Combined Adjusted EBITDA of $244.9 million and capital expenditures totaling $90.1 million. DGD sold 250 million gallons of renewable fuel during the quarter, generating a negative $0.02 EBITDA per gallon to Darling.

Darling Ingredients reported flat revenue but significantly lower net income due to weaker Diamond Green Diesel results, while maintaining capital discipline and advancing strategic initiatives.

Darling Ingredients posted a net loss for Q1 2025, driven by significantly weaker results at its Diamond Green Diesel joint venture and lower finished product pricing. Despite these challenges, the company maintained positive cash flow, repurchased shares, and reduced debt.