Dole Plc · NYSE:DOLE
Dole — Q4 2025 Earnings Presentation
25 slides from Dole's earnings presentation, Feb 25, 2026
Slide 1: Results Presentation Q4'25 and FY'25
Results Presentation Q4’25 and FY’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: FY'25 Key Developments
FY’25 Key Developments
Slide 4: FY'25 Key Developments
FY’25 Key Developments ✓ Strong operating result for the year: Adjusted EBITDA of $395 million, ahead of latest guidance ✓ Successfully completed sale of Fresh Vegetables division ✓ Agreement to sell port assets in Ecuador for expected net proceeds of ~$75 million ✓ Completed $1.2 billion renewal of
Slide 5: Operational Review Q4'25
Operational Review Q4’25
Slide 6: Fresh Fruit
Fresh Fruit • Demand for bananas remains strong in both North America and Europe • Industry experienced elevated sourcing costs of bananas, pineapples and plantains in Q4 • Continuing to make good progress with rehabilitation of Storm Sara impacted farms in Honduras • Pineapple innovation, including
Slide 7: Diversified Fresh Produce EMEA
Diversified Fresh Produce EMEA • Good performance in final quarter, adding to the strong growth delivered over 2025 • Continued strong underlying growth in markets that have performed well all year • Investments in our distribution and logistics capabilities in the Nordics driving growth • Continued
Slide 8: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce Americas & ROW • Positive fourth quarter performance, consolidating a year of strong growth • Strong growth in key products in North America • South American export business demonstrated robust operational performance • Expect to deliver a solid result for Chilean Cherry se
Slide 9: Financial Review Q4'25
Financial Review Q4’25
Slide 10: Group Results
Group Results Q4'25 Q4'24 FY'25 FY'24 Revenue - $’m 2,366 2,167 9,173 8,475 Income from Continuing Operations (1) - $’m 6.8 29.6 127.9 172.3 Net Income (Loss) - $’m 6.0 (31.6) 82.0 143.4 Net (Loss) Income attributable to Dole plc - $’m (2.7) (39.1) 51.3 125.5 Diluted EPS from Continuing Operations -
Slide 11: Segment Results
Segment Results $’m Q4'25 Q4'24 FY'25 FY'24 Adjusted Adjusted Adjusted Adjusted Revenue Revenue Revenue Revenue EBITDA (3) EBITDA (3) EBITDA (3) EBITDA (3) Fresh Fruit 874 26.6 819 31.9 3,615 189.8 3,293 214.8 Diversified Fresh Produce – EMEA 1,026 32.6 911 32.5 4,017 150.0 3,609 131.5 Diversified F
Slide 12: Fresh Fruit
Fresh Fruit REVENUE $’M +6.7% 819 874 YoY Q4'24 Q4'25 ▪ Revenue increased due to higher volumes of ADJUSTED EBITDA $’M bananas as well as higher pricing of bananas, pineapples and plantains, partially offset by lower volumes of pineapples and plantains 31.9 -16.6% ▪ Decrease in Adjusted EBITDA due t
Slide 13: Diversified Fresh Produce EMEA
Diversified Fresh Produce EMEA REVENUE $’M 911 1,026 +12.7% YoY ▪ Revenue increase primarily due to strong Q4'24 Q4'25 underlying performance in Spain, France and South Africa, as well as a favorable impact ADJUSTED EBITDA $’M from FX translation ▪ Adjusted EBITDA increased due to higher +0.3% earni
Slide 14: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce AMERICAS & ROW REVENUE $’M 486 +5.0% 463 YoY ▪ Revenue increase driven by growth in most Q4'24 Q4'25 commodities sold in the North American market, along with growth in southern ADJUSTED EBITDA $’M hemisphere export products such as cherries and blueberries ▪ Adjusted EBITD
Slide 15: Capital Allocation and Net Leverage
Capital Allocation and Net Leverage CASH CAPEX (4) Continuing Operations Q4'25: $(28.4m) | FY'25: $(121.5m) NET DEBT & NET LEVERAGE (5) FREE CASH FLOW (5) Continuing Operations $’m Dec 31, 2025 Dec 31, 2024 Q4'25: $67.9m | FY'25 $1.7m Total Gross Debt (874.3) (967.1) Cash and Cash Equivalents 267.8
Slide 16: FY'26 Outlook & Strategic Priorities
FY’26 Outlook & Strategic Priorities
Slide 17: FY'26 Outlook
FY’26 Outlook Adjusted EBITDA Routine Capex Interest Expense At least $400m ~ $100m ~$60m 17
Slide 18: 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 19: Q&A
Q&A
Slide 20: Appendix: Non-GAAP Measures and Reconciliations
Appendix Non-GAAP Measures and Reconciliations
Slide 21: 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 gain or adding the loss on asset sales for assets held for sale and actively marketed property, adding impairment this presentation, we also present Dole plc’s Adjusted EB
Slide 22: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation RECONCILIATION FROM NET INCOME TO ADJUSTED EBITDA - UNAUDITED Three Months Ended Year Ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 (U.S. Dollars in thousands) Net income (Reported GAAP) $6,002 $(31,597) $81,975 $143,419 Loss from discon
Slide 23: 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 Year Ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 (U.S. Dollars in thousands, except per share amounts) Net (
Slide 24: Free Cash Flow from Continuing Operations
Free Cash Flow from Continuing Operations RECONCILIATION Nine Months Ended Three Months Ended Year Ended September 30, 2025 December 31, 2025 December 31, 2025 (U.S. Dollars in thousands,) Net cash provided by operating activities – continuing operations 26,941 96,265 123,206 (Reported GAAP) Less: C
Slide 25: Thank you
Thank you james.oregan@doleplc.com