Slide 1: Results Presentation Q2'26
Results Presentation Q2’26
Slide 2: Disclaimer
Disclaimer Today’s presentation includes forward-looking statements that reflect looking statements speak only as of the date on which such statements are Dole plc’s current views with respect to future events, financial made, and we do not undertake any obligation to update any forward- performance
Slide 3: Q2'26 Review & Capital Allocation Update
Q2’26 Review & Capital Allocation Update
Slide 4: Q2'26 Review
Q2’26 Review • Healthy consumer demand across the Group • Q2 result lower, as anticipated, due to Fresh Fruit cost pressures • Diversified model resilient, supported by strong Diversified Americas performance • Development pipeline advanced with disciplined capital allocation • Post quarter-end: – C
Slide 5: Capital Allocation Update
Capital Allocation Update ROUTINE • Q2 routine capex: $25 million CAPITAL • Focused on future growth, capacity and efficiencies EXPENDITURE • Ireland: Glass house bolt-on, strengthening sourcing and supply base DEVELOPMENT • Sweden: Post quarter-end, acquired Greenfood Fresh Produce business, INVEST
Slide 6: Operational Review Q2'26
Operational Review Q2’26
Slide 7: Fresh Fruit
Fresh Fruit • Profitability impacted by higher fuel, shipping and sourcing costs • European banana volumes strong; North America banana pricing higher, volumes lower • Adverse weather conditions impacted pineapple availability, resulting in lower volumes across all markets • Continued strength of th
Slide 8: Diversified Fresh Produce EMEA
Diversified Fresh Produce EMEA • Revenue broadly stable; Adjusted EBITDA lower versus a strong comparative result • Scandinavia again a strong contributor • Portfolio diversity helped balance mixed market conditions • South Africa exports impacted by Middle East disruption 8
Slide 9: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce Americas & ROW • Another strong quarter: key contributor to Group performance • Strong performance in our North American business • Higher North American volumes and improved Southern Hemisphere export pricing • Continued benefits from recent investments and berry restructu
Slide 10: Financial Review Q2'26
Financial Review Q2’26
Slide 11: Group Results
Group Results Q2’26 Q2’25 H1’26 H1’25 Revenue - $’M 2,499 2,428 4,842 4,528 Net Income - $’M 35.1 18.0 72.9 62.1 Net Income attributable to Dole plc - $’M 26.0 10.0 57.3 48.9 Diluted EPS - $ 0.27 0.10 0.60 0.51 Non-GAAP performance measures (2) Adjusted EBITDA - $’M 116.8 137.1 217.1 241.9 Adjusted
Slide 12: Segment Results
Segment Results $’M Q2’26 Q2’25 H1’26 H1’25 Adjusted Adjusted Adjusted Adjusted Revenue Revenue Revenue Revenue EBITDA(2) EBITDA(2) EBITDA(2) EBITDA(2) Fresh Fruit 973 50.3 972 72.7 1,911 102.8 1,851 136.1 Diversified Fresh Produce - EMEA 1,111 45.9 1,101 49.0 2,134 75.9 1,993 76.6 Diversified Fresh
Slide 13: Fresh Fruit
Fresh Fruit • Revenue drivers: REVENUE $’M • Strong European banana volumes and 0% higher North America banana pricing 972 973 YoY offset by lower North America banana volumes • Lower pineapple volumes due to adverse Q2'25 Q2'26 weather affecting fruit availability ADJUSTED EBITDA $’M • Adjusted EBI
Slide 14: Diversified Fresh Produce - EMEA
Diversified Fresh Produce - EMEA REVENUE $’M • Revenue drivers: +1% • Growth in Scandinavia and favorable FX 1,101 1,111 YoY • Lower revenue in Spain against a strong prior-year comparative Q2'25 Q2'26 • Adjusted EBITDA drivers: ADJUSTED EBITDA $’M • Lower overall result versus strong prior- year co
Slide 15: Diversified Fresh Produce - Americas & ROW
Diversified Fresh Produce - Americas & ROW REVENUE $’M • Revenue drivers: • Higher kiwi, avocado and North American +14% cherry volumes in North American 386 440 YoY business • Improved Southern Hemisphere export Q2'25 Q2'26 pricing ADJUSTED EBITDA $’M • Adjusted EBITDA drivers: • Improved profitabi
Slide 16: Cash Flow and Financial Position
Cash Flow and Financial Position FREE CASH FLOW (2) • H1 free cash flow improved materially $’M Q2’26 Q2’25 H1’26 H1’25 versus prior year, despite normal first- Net cash provided by / (used 14.0 18.3 (8.5) (60.4) half working capital seasonality in) operating activities Cash Capex (24.8) (19.3) (42.
Slide 17: FY'26 Outlook & Strategic Priorities
FY’26 Outlook & Strategic Priorities
Slide 18: FY'26 Outlook
FY’26 Outlook Adjusted EBITDA Routine Capex Interest Expense ~$400M ~$100M ~$58M 18
Slide 19: FY'26 Strategic Priorities
FY’26 Strategic Priorities Strengthen our Execute on our marketplace development pipeline position in core while maintaining a business areas disciplined approach and categories to capital allocation Position Continue our ourselves to focus on cost work efficiently control and in a dynamic macro ope
Slide 20: Q&A
Q&A
Slide 21: Appendix: Non-GAAP Measures and Reconciliations
Appendix Non-GAAP Measures and Reconciliations
Slide 22: Non-GAAP Measures
Non-GAAP Measures Dole plc’s results are determined in accordance with U.S. GAAP. In addition to its results under U.S. GAAP, in income on deferred transaction consideration, adding acquisition and transaction costs, adding restructuring this presentation, we also present Dole plc’s Adjusted EBIT, A
Slide 23: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation RECONCILIATION FROM NET INCOME TO ADJUSTED EBITDA - UNAUDITED Three Months Ended Six Months Ended Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Jun 30, 2025 (U.S. Dollars in thousands) Net income (Reported GAAP) $35,127 $17,989 $72,862 $62,148 Loss from discontinued operation
Slide 24: Adjusted Net Income Reconciliation
Adjusted Net Income Reconciliation RECONCILIATION FROM NET INCOME ATTRIBUTABLE TO DOLE PLC TO ADJUSTED NET INCOME - UNAUDITED Three Months Ended Six Months Ended Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Jun 30, 2025 (U.S. Dollars in thousands, except per share amounts) Net income attributable to Dole
Slide 25: Net Debt and Net Leverage
Net Debt and Net Leverage Jun 30, 2026 Dec 31, 2025 Jun 30, 2025 (U.S. Dollars in thousands) Debt (Reported GAAP) Long-term debt, net (969,121) (799,814) (998,876) Current maturities (39,480) (57,668) (73,639) Bank overdrafts (22,886) (9,611) (25,404) Total debt, net (1,031,487) (867,093) (1,097,919
Slide 26: Free Cash Flow from Continuing Operations
Free Cash Flow from Continuing Operations Three Months Ended Six Months Ended Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Jun 30, 2025 (U.S. Dollars in thousands) Net cash provided by / (used in) operating activities - continuing operations (Reported $13,964 $18,344 $(8,503) $(60,446) GAAP) Less: Capital
Slide 27: Thank you
Thank you james.oregan@doleplc.com