Dole plc · NYSE:DOLE
Dole — Q3 2026 Earnings Presentation
27 slides from Dole's earnings presentation, Nov 9, 2026
Slide 1: Results Presentation Q3'26
Results Presentation Q3’26
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: Q3'26 Review & Capital Allocation Update
Q3’26 Review & Capital Allocation Update
Slide 4: Q3'26 Review
Q3’26 Review • Solid Group performance despite a challenging operating environment • Significant strategic progress over the last 18 +3.8% Revenue growth months, creating a more focused and resilient Group • Balance sheet further strengthened by strong Q3 free cash flow and Ecuador port sale proceed
Slide 5: Capital Allocation Update
Capital Allocation Update ROUTINE • Q3’26: $21.8M / YTD’26: $64.4M CAPITAL • Focused on future growth, capacity and efficiencies EXPENDITURE • Completed Greenfood Fresh Produce acquisition in Scandinavia; DEVELOPMENT integration underway and plans progressing for the multi-year INVESTMENTS developme
Slide 6: Operational Review Q3'26
Operational Review Q3’26
Slide 7: Fresh Fruit
Fresh Fruit • Improved underlying banana pricing in North America; supply impacted by adverse weather, including the effects of El Niño • Banana volumes remained strong in Europe; pricing stable • Adverse weather impacted pineapple supply • Pineapple production costs remain elevated, including from
Slide 8: Diversified Fresh Produce - EMEA
Diversified Fresh Produce - EMEA • Resilient segment performance against a very strong comparative period • Strong performance in Scandinavia; focus on integration of Greenfood Fresh Produce business • Trading conditions in South Africa continue to be impacted by the conflict in the Middle East 8
Slide 9: Diversified Fresh Produce - Americas & ROW
Diversified Fresh Produce - Americas & ROW • Another strong quarter across the segment • Strong performance in our North American business • Positive volume growth across key products, including kiwi, avocados, grapes and tomatoes • Fourth quarter marks the start of several key export seasons from C
Slide 10: Financial Review Q3'26
Financial Review Q3’26
Slide 11: Group Results
Group Results $’M unless stated Q3’26 Q3’25 YTD’26 YTD’25 Revenue 2,366 2,279 7,208 6,807 Net Income 48.3 13.8 121.2 76.0 Net Income attributable to Dole plc 38.5 5.1 95.8 54.0 Diluted EPS - $ 0.41 0.05 1.00 0.56 Non-GAAP performance measures (2) Adjusted EBITDA 84.1 80.8 301.1 322.7 Adjusted Net In
Slide 12: Segment Results
Segment Results $’M Q3’26 Q3’25 YTD’26 YTD’25 Adjusted Adjusted Adjusted Adjusted Revenue Revenue Revenue Revenue EBITDA(2) EBITDA(2) EBITDA(2) EBITDA(2) Fresh Fruit 819 28.8 890 27.2 2,729 131.6 2,741 163.2 Diversified Fresh Produce - EMEA 1,091 39.5 998 40.7 3,224 115.4 2,991 117.4 Diversified Fre
Slide 13: Fresh Fruit
Fresh Fruit Revenue drivers: REVENUE $’M • Higher banana pricing in North America; higher banana volumes in Europe -8.0% 890 819 YoY • Tariff-related impacts • Lower banana volumes in North America; Q3’25 Q3’26 lower pineapple volumes in Europe Adjusted EBITDA drivers: ADJUSTED EBITDA $’M • Improved
Slide 14: Diversified Fresh Produce - EMEA
Diversified Fresh Produce - EMEA REVENUE $’M Revenue drivers: +9.3% • Acquisition of Greenfood Fresh Produce 998 1,091 YoY • Underlying growth in Scandinavia • Lower revenue in Spain Q3’25 Q3’26 Adjusted EBITDA drivers: ADJUSTED EBITDA $’M • Improved performance in Scandinavia, Ireland and the UK -3
Slide 15: Diversified Fresh Produce - Americas & ROW
Diversified Fresh Produce - Americas & ROW REVENUE $’M Revenue drivers: • Higher volumes in the North American +14.1% business 420 479 YoY • Growth across key product categories, including kiwi, avocados, grapes and Q3’25 Q3’26 tomatoes ADJUSTED EBITDA $’M Adjusted EBITDA drivers: • Strong performan
Slide 16: Cash Flow and Financial Position
Cash Flow and Financial Position FREE CASH FLOW (2) • Strong free cash flow generation in $’M Q3’26 Q3’25 YTD’26 YTD’25 Q3’26, reflecting positive working Net cash provided by / (used 132.2 87.4 123.7 26.9 capital movements, tariff-related in) operating activities Cash Capex (21.8) (20.9) (64.4) (93
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 $380M–$390M ~$90M ~$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 Nine Months Ended Sep 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025 (U.S. Dollars in thousands) Net income (Reported GAAP) $48,303 $13,825 $121,165 $75,973 Loss from discontinued operati
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 Nine Months Ended Sep 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 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 Sep 30, 2026 Dec 31, 2025 Sep 30, 2025 (U.S. Dollars in thousands) Debt (Reported GAAP) Long-term debt, net (716,830) (799,814) (899,299) Current maturities (47,565) (57,668) (57,445) Bank overdrafts (16,798) (9,611) (14,706) Total debt, net (781,193) (867,093) (971,450) Ad
Slide 26: Free Cash Flow from Continuing Operations
Free Cash Flow from Continuing Operations Nine Months Ended Sep 30, 2026 Sep 30, 2025 (U.S. Dollars in thousands) Net cash provided by operating activities - continuing operations (Reported GAAP) $123,681 $26,941 Less: Capital expenditures (Reported GAAP) (64,382) (93,101) Free Cash Flow from Contin
Slide 27: Contact
Contact investors@doleplc.com