Dole Plc · NYSE:DOLE
Dole — Q3 2025 Earnings Presentation
27 slides from Dole's earnings presentation, Nov 10, 2025
Slide 1: Results Presentation Q3'25
Results Presentation Q3‘25
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: Q3'25 Highlights
Q3’25 Highlights
Slide 4: Q3'25 Highlights
Q3’25 Highlights • Strength of broadly based business model delivered a good result for Q3’25, in line with market expectations • Strong growth in Diversified segments partially offset an expected temporary decrease in Fresh Fruit due to higher procurement costs • Completed sale of Fresh Vegetable d
Slide 5: Operational Review Q3'25
Operational Review Q3’25
Slide 6: Fresh Fruit
Fresh Fruit • Launch of Colada Royale - a game-changing new variety of non-GMO pineapple that has been conventionally bred by Dole to offer a uniquely indulgent taste featuring hints of coconut and piña colada • Higher sourcing costs for bananas driven by tightness of supply • Demand for bananas rem
Slide 7: Diversified Fresh Produce EMEA
Diversified Fresh Produce EMEA • Strong performance in third quarter, continuing positive momentum seen in H1’25 • Continued strong underlying growth in markets that have performed well all year • Seeing benefits of investments made in our distribution and logistics capabilities in the Nordics • Con
Slide 8: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce Americas & ROW • Another strong result delivered in third quarter • Strong performance in South American export business • Continued good performance in the North American market • Post quarter end, announced the integration of Dole Diversified North America (“DDNA”) into O
Slide 9: Financial Review Q3'25
Financial Review Q3’25
Slide 10: Group Results
Group Results Q3’25 Q3’24 YTD’25 YTD’24 Revenue - $’m 2,279 2,062 6,807 6,308 Income from Continuing Operations (1) - $’m 24.1 15.1 121.1 142.7 Net Income - $’m 13.8 21.5 76.0 175.0 Net Income attributable to Dole plc - $’m 5.1 14.4 54.0 164.7 Diluted EPS from Continuing Operations - $ 0.16 0.08 1.0
Slide 11: Segment Results
Segment Results $’m Q3’25 Q3’24 YTD’25 YTD’24 Adjusted Adjusted Adjusted Adjusted Revenue Revenue Revenue Revenue EBITDA EBITDA EBITDA EBITDA Fresh Fruit 890 27.2 799 42.9 2,741 163.2 2,474 183.0 Diversified Fresh Produce – EMEA 998 40.7 900 30.4 2,991 117.4 2,698 99.0 Diversified Fresh Produce – Am
Slide 12: Fresh Fruit
Fresh Fruit REVENUE $’M +11.5% 799 890 YoY Q3'24 Q3'25 ▪ Revenue increased due to higher worldwide ADJUSTED EBITDA $’M volumes and pricing of bananas, pineapples and plantains ▪ Decrease in Adjusted EBITDA due to higher 42.9 -36.7% sourcing costs of bananas, pineapples and 27.2 YoY plantains, and lo
Slide 13: Diversified Fresh Produce EMEA
Diversified Fresh Produce EMEA REVENUE $’M +10.9% YoY 900 998 +5.6% LFL (3) ▪ Revenue increase primarily due to strong Q3'24 Q3'25 underlying performance in Scandinavia, Spain and the Netherlands, as well as a favorable ADJUSTED EBITDA $’M impact from FX translation +34.2% YoY ▪ Adjusted EBITDA incr
Slide 14: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce AMERICAS & ROW REVENUE $’M +7.7% YoY 390 420 +7.9% LFL (3) Q3'24 Q3'25 ▪ Increase in revenue driven by growth in most commodities sold in the North American ADJUSTED EBITDA $’M market +46.2% YoY ▪ Adjusted EBITDA increase driven by improved performance in the southern hemis
Slide 15: Capital Allocation and Net Leverage
Capital Allocation and Net Leverage CASH CAPEX (4) Continuing Operations Q3’25: $(20.9m) | YTD’25: $(93.1m) NET DEBT & NET LEVERAGE (5) FREE CASH FLOW (5) Continuing Operations $’m Sep 30, 2025 Sep 30, 2024 Q3’25: $66.5m | YTD’25 $(66.2m) Total Gross Debt (979.1) (992.6) Cash and Cash Equivalents 31
Slide 16: FY'25 Outlook & Capital Allocation
FY’25 Outlook & Capital Allocation
Slide 17: FY'25 Outlook
FY’25 Outlook Adjusted EBITDA Routine Capex Interest Expense Continuing Operations Continuing Operations Targeting upper end of $380-$390m ~ $85m* ~$67m range Prior guidance: ~$100m No change Prior guidance: ~$380 - $390m * Excludes c. $25m of expected investments in FY’25 to support the rehabilitat
Slide 18: Capital Allocation Framework
Capital Allocation Framework ROUTINE CAPITAL • Annual expenditure broadly in line with annual depreciation charge EXPENDITURE • Allocate capital to high return development projects which align with DEVELOPMENT group strategy EXPENDITURE • Investments by way of Capital Expenditure or M&A • Progressiv
Slide 19: Development Expenditure Pipeline
Development Expenditure Pipeline Areas of investment focus Own Production Packaging, Handling, Ripening ▪ Increase control of own ▪ Investments across production of tropical operations, e.g. produce ➢ Cherry packing – Chile ▪ Further partnerships with ➢ Ripening – France, Spain diversified producers
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 refinancing expenses; and (8) the Company’s share of these items from equity method investments. this presentation, we also present Dole plc’s Adjusted EBIT, Adjusted EBIT
Slide 23: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation RECONCILIATION FROM NET INCOME TO ADJUSTED EBITDA - UNAUDITED Three Months Ended Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 (U.S. Dollars in thousands) Net income (Reported GAAP) $13,825 $21,515 $75,973 $175,016 Loss (
Slide 24: Adjusted Net Income Reconciliation
Adjusted Net Income Reconciliation RECONCILIATION FROM NET INCOME ATTRIBUTABLE TO DOLE PLC SHAREHOLDERS TO ADJUSTED NET INCOME – UNAUDITED Three Months Ended Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 (U.S. Dollars in thousands, except per share amo
Slide 25: Like for Like Analysis – Q3'25
Like for Like Analysis – Q3’25 Revenue for the Three Months Ended Impact of Foreign Impact of Like-for-like September 30, September 30, Currency Acquisitions and Increase 2024 2025 Translation Divestitures (Decrease) (U.S. Dollars in thousands) Fresh Fruit $798,781 $226 $ - $91,349 $890,356 Diversif
Slide 26: Like for Like Analysis – YTD'25
Like for Like Analysis – YTD’25 Revenue for the Nine Months Ended Impact of Foreign Impact of Like-for-like September 30, September 30, Currency Acquisitions and Increase 2024 2025 Translation Divestitures (Decrease) (U.S. Dollars in thousands) Fresh Fruit $2,474,461 $537 $ - $266,094 $2,741,092 Div
Slide 27: Thank you
Thank you james.oregan@doleplc.com