Slide 1: Second Quarter 2026 Earnings Call
WORLD KINECT SECOND QUARTER 2026 EARNINGS CALL JULY 23, 2026
Slide 2: Disclaimer and Cautionary Note Regarding Forward-Looking Statements
DISCLAIMER AND CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements, including comments about World Kinect Corporation’s expectations regarding future plans, performance and acquisitions are forward-looking statements that are subject to a range of uncertainties and risks that cou
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES We believe that the non-GAAP financial measures we present (collectively, the “Non-GAAP Measures”), when considered in conjunction with our financial information prepared in accordance with GAAP, are useful to investors to further aid in evaluating our ongoing financial p
Slide 4: Executive Team
EXECUTIVE Ira M. Birns TEAM CEO John P. Rau President Mike Tejada EVP & CFO © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved. 4
Slide 5: Business Overview
“” BUSINESS OVERVIEW We delivered an exceptional quarter, reflecting solid execution by our .” team and the strength of our business during a period of significant market volatility. Continued volatile market conditions associated with the conflict in the Middle East created meaningful opportunities
Slide 6: Financial Overview
FINANCIAL OVERVIEW Mike Tejada EVP & CFO © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved. 6
Slide 7: Consolidated 2Q 2026 Financial Highlights
CONSOLIDATED 2Q 2026 FINANCIAL HIGHLIGHTS $ MILLIONS (EXCEPT EPS) 2Q 2026 2Q 2025 VOLUME 1 3,903 4,220 GROSS PROFIT $365 $232 ADJ. GROSS PROFIT 3 $350 $232 NET INCOME (LOSS) 2 $50 ($339) DILUTED EPS $0.94 ($6.06) ADJ. NET INCOME 3 $66 $33 ADJ. EPS 3 $1.29 $0.59 ADJ. EBITDA 3 $136 $87 OPERATING CASH
Slide 8: Consolidated 2Q 2026 Financial Highlights
CONSOLIDATED Volumes1 Adjusted Gross Profit2 2Q 2026 MM $MM FINANCIAL -8.6% +50.5% 4,220 HIGHLIGHTS 3,856 $349.7 1,856 1,760 $232.4 $208.0 1,021 $138.0 914 $79.7 $27.0 1,343 1,181 $67.4 $62.1 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Aviation 1. Includes gallons and gallon equivalents. 2Q26 Excludes volume re
Slide 9: Aviation
Q2 2026 Volumes Gross Profit AVIATION Gallons in MM $MM Q2 2026 vs Q2 2025 -5% +51% Second quarter 2026 gross profit was 1,856 C $208.0 1,760 $208 million, the highest quarterly gross $38.0 profit in the history of the segment, an increase of 51%, primarily attributable to stronger physical inventor
Slide 10: Marine
Q2 2026 MARINE Volumes Gross Profit Metric Tons in MM $MM Q2 2026 vs Q2 2025 -10% +195% 3.9 $79.7 Second quarter 2026 gross profit was $80 million, the highest quarterly gross profit 3.5 in the history of the segment, an increase of 195%, primarily driven by higher profit contribution from our core
Slide 11: Land
Q2 2026 LAND Volumes1 Adjusted Gross Profit Gallons in MM $MM -12% -8% Q2 2026 vs Q2 2025 1,343 $67.4 $62.1 Second quarter 2026 Land Adjusted gross 1,181 profit was $62 million and Land Adjusted income from operations was $20 million, an increase of $19 million from the prior-year period, principall
Slide 12: Adjusted Operating Expenses
ADJUSTED Consolidated Adjusted Operating Expenses OPERATING ($MM) EXPENSES1 $233 Second Quarter highlights Second quarter 2026 adjusted operating $186 $181 $181 expenses were $233 million, an increase $173 of 35%, which reflects higher variable compensation tied to our strong results, the inclusion
Slide 13: Further Raising Fiscal Year 2026 Adjusted EPS Guidance
FURTHER RAISING FISCAL Adjusted EPS YEAR 2026 ADJUSTED EPS1 $3.20 - $3.40 GUIDANCE $2.65 - $2.85 $2.20 - $2.40 $1.91 1. Please see Appendix for a reconciliation of this non-GAAP measure to its most directly comparable GAAP measure. 2. Not a guarantee of actual future performance. Actual performance
Slide 14: Disciplined Capital Allocation
DISCIPLINED Capital Returned to Shareholders CAPITAL $MM ALLOCATION $138.5 $126.3 $38.5 $110.2 $41.3 $20.9 $100.0 $85.0 $89.3 Dividends Year Ended Year Ended For the Six Months Share December 31, 2024 December 31, 2025 Ended June 30, 2026 Repurchases © Copyright 2026 World Kinect Corporation. Propri
Slide 15: Q&A
Q&A © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved.
Slide 16: Appendix
APPENDIX © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved.
Slide 17: Non-GAAP Reconciliation (1/7)
NON-GAAP RECONCILIATION (1/7) For the Three Months Ended June 30, For the Six Months Ended June $ in millions, except per share data 2025 2026 Net Income Diluted Net Income Diluted (Loss) Earnings per (Loss) Earnings per share 1 share 1 GAAP Measure ($339.4) ($6.06) $48.4 $0.94 Impact of adjustments
Slide 18: Non-GAAP Reconciliation (2/7)
NON-GAAP RECONCILIATION (2/7) $ in millions For the Three Months Ended June 30, For the Six M 2025 2026 Net income (loss) including noncontrolling interest ($339.1) $49.8 Interest expense and other financing cost, net 25.7 30.6 Provision (benefit) for income taxes (109.6) 16.6 Depreciation and amort
Slide 19: Non-GAAP Reconciliation (3/7)
NON-GAAP RECONCILIATION (3/7) $ in millions For the Three Months Ended June 30, September 30, December 31, March 31, June 30, 2025 2025 2025 2026 2026 Operating Expenses GAAP Measure $577.5 $186.8 $511.3 $214.9 $269.1 Acquisition and divestiture related expenses (0.0) (0.0) (0.8) (0.2) - Non-core di
Slide 20: Non-GAAP Reconciliation (4/7)
NON-GAAP RECONCILIATION (4/7) $ in millions For the Three Months Ended June 30, For the Six 2025 2026 Gross Profit GAAP Measures $232.4 $365.1 Non-core divestitures and business exits 1 - (15.4) Gross Profit Adjusted Non-GAAP Measures 232.4 349.7 1. Adjustment related to land gross profit, there are
Slide 21: Non-GAAP Reconciliation (5/7)
NON-GAAP RECONCILIATION (5/7) For the Year Ended For the Year Ended For the Six Months December 31, December 31, Ended June 30, $ in millions 2024 2025 2026 Dividends paid 38.5 41.3 20.9 Shares repurchased 100.0 85.0 89.3 Total shareholder returns $138.5 $126.3 $110.2 $ in millions For the Three Mon
Slide 22: Non-GAAP Reconciliation (6/7)
NON-GAAP RECONCILIATION (6/7) Land Segment For the Three Months Ended June 30, $ in millions 2025 2025 2026 2026 Gross Profit Operating Gross Profit Operating Income (loss) Income (loss) GAAP Measure $67.4 ($366.9) $77.5 $6.3 Non-core divestitures and business exits - - (15.4) 4.1 Goodwill and other
Slide 23: Non-GAAP Reconciliation (7/7)
NON-GAAP RECONCILIATION (7/7) $ in millions, except per share data For the Three Months Ended June 30, 2025 For the Three Months Ended June 30, 2026 GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP Aviation Gross Profit $138.0 $0.0 $138.0 $208.0 $0.0 $208.0 Operating Expenses 66.3 (2.6) 63.7 103.
Slide 24: Investor Relations Contact
INVESTOR Braulio Medrano RELATIONS Senior Director FP&A and Investor Relations investor@worldfuel.com CONTACT © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved.