Dole plc (NYSE:DOLE) ("Dole" or the "Group" or the "Company") today released its financial results for the three and six months ended June 30, 2026.

Second Quarter Highlights:

Revenue increased 2.9%, reflecting positive momentum across the Group
Profitability impacted by anticipated Fresh Fruit cost pressures
Strong performance in Diversified Fresh Produce - Americas & ROW partially offset lower result in Fresh Fruit, demonstrating resilience of our business model
Development pipeline advanced while maintaining disciplined approach to capital allocation
Post quarter end: completed sale of port in Ecuador for expected net proceeds of approximately $95 million; completed acquisition of Greenfood Fresh Produce division in Scandinavia

Financial Highlights

	Three Months Ended		Six Months Ended
	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025

	(U.S. Dollars in millions, except per share amounts) (Unaudited)
Revenue	2,499	2,428	4,842	4,528
Net Income	35.1	18.0	72.9	62.1
Net Income attributable to Dole plc	26.0	10.0	57.3	48.9
Diluted EPS	0.27	0.10	0.60	0.51
Adjusted EBITDA¹	116.8	137.1	217.1	241.9
Adjusted Net Income¹	43.7	53.2	74.9	86.2
Adjusted Diluted EPS¹	0.46	0.55	0.78	0.90

Commenting on the results, Carl McCann, Executive Chairman, said:

"The successful completion of the Ecuador port sale post quarter end for net proceeds of approximately $95 million supports our continued investment in growth opportunities, including recent acquisitions in EMEA.

We are pleased to deliver a second quarter result in line with our expectations. The quarter once again demonstrated the resilience of our diversified business model and our ability to navigate a challenging operating environment as we target full-year Adjusted EBITDA of approximately $400 million for 2026."

Group Results - Second Quarter

Revenue increased 2.9%, or $71.0 million, primarily due to positive operational performance in the Diversified Fresh Produce - Americas & ROW segment and a favorable impact from foreign currency translation of $30.3 million. On a like-for-like basis², revenue increased 1.7%, or $40.7 million.

Gross Profit decreased $23.0 million, primarily due to higher cost of sales which were impacted by higher fruit sourcing costs in the Fresh Fruit segment, partially offset by higher revenue.

Operating Income decreased $55.7 million primarily due to lower Gross Profit, higher SMG&A expenses primarily due to a non-recurring charge associated with the settlement of a historical legal matter and some restructuring costs, and higher gains on asset sales in the prior year following the sale of land in Hawaii.

Other income increased year over year, primarily reflecting favorable fair value adjustments on financial instruments.

Net Income increased to $35.1 million from $18.0 million in the prior year. The prior year was impacted by a loss of $35.0 million in discontinued operations (Fresh Vegetables). The year over year increase also reflected higher other income, lower interest expense and lower tax expense, partially offset by lower Operating Income.

Adjusted EBITDA decreased 14.8%, or $20.4 million, primarily driven by higher fruit sourcing costs in the Fresh Fruit segment, partially offset by good performance in the Diversified Fresh Produce - Americas & ROW segment, as well as a favorable impact of foreign currency translation of $1.4 million.

Adjusted Net Income decreased 17.7%, or $9.4 million, predominantly due to the decrease in Adjusted EBITDA noted above, partially offset by lower tax expense and interest expense. Adjusted Diluted EPS for the three months ended June 30, 2026 was $0.46 compared to $0.55 in the prior year.

Selected Segmental Financial Information

	Three Months Ended
	June 30, 2026					June 30, 2025

	(U.S. Dollars in thousands) (unaudited)
	Revenue			Adjusted EBITDA¹		Revenue			Adjusted EBITDA¹
Fresh Fruit	$	972,824		$	50,257	$	972,591		$	72,756
Diversified Fresh Produce - EMEA		1,111,431			45,931		1,100,797			48,984
Diversified Fresh Produce - Americas & ROW		440,114			20,574		386,348			15,378
Intersegment		(24,958	)		—		(31,309	)		—
Total	$	2,499,411		$	116,762	$	2,428,427		$	137,118

	Six Months Ended
	June 30, 2026					June 30, 2025

	(U.S. Dollars in thousands) (unaudited)
	Revenue			Adjusted EBITDA¹		Revenue			Adjusted EBITDA¹
Fresh Fruit	$	1,910,484		$	102,810	$	1,850,736		$	136,087
Diversified Fresh Produce - EMEA		2,133,755			75,896		1,992,884			76,644
Diversified Fresh Produce - Americas & ROW		860,125			38,368		749,761			29,209
Intersegment		(62,778	)		—		(65,550	)		—
Total	$	4,841,586		$	217,074	$	4,527,831		$	241,940

Second Quarter Segmental Commentary

Fresh Fruit

Revenue of $972.8 million is in line with prior year. Higher volumes of bananas sold in Europe and higher underlying banana pricing in North America were partially offset by lower banana volumes in North America. Pineapple volumes were lower across all markets, primarily due to adverse weather conditions affecting fruit availability.

Adjusted EBITDA decreased 30.9%, or $22.5 million, primarily driven by higher fruit sourcing costs, elevated shipping costs in both European and North American markets due to higher fuel costs, higher pineapple growing costs resulting from adverse weather conditions, as well as the continued strengthening of the Costa Rican Colón against the U.S. Dollar.

Diversified Fresh Produce – EMEA

Revenue increased 1.0%, or $10.6 million, primarily due to the favorable impact of foreign currency translation of $29.9 million, as a result of the strengthening of the Swedish krona and euro against the U.S. Dollar, as well as underlying growth in Scandinavia partially offset by lower revenue in Spain. On a like-for-like basis, revenue decreased 1.7%, or $19.2 million.

Adjusted EBITDA decreased 6.2%, or $3.1 million, primarily due to weaker performance in South Africa, the Netherlands and Spain. These decreases were partially offset by a favorable impact of $1.5 million from foreign currency translation, as well as strong performance in Scandinavia. On a like-for-like basis, Adjusted EBITDA decreased 8.2%, or $4.0 million.

Diversified Fresh Produce – Americas & ROW

Revenue increased 13.9%, or $53.8 million, primarily driven by higher volumes in our North America business, both from seasonal timing benefits with North American cherries and by good underlying growth in key products including kiwi and avocados. There was also higher revenue in our southern hemisphere export business due to positive season end pricing adjustments.

Adjusted EBITDA increased 33.8%, or $5.2 million, driven by a strong performance in our North American business, driven both by positive volume growth in kiwi and avocados and seasonal timing differences in cherries, as well as the continued benefit of the partial restructuring of our berry operations in the fourth quarter of 2025.

Capital Expenditures

Cash capital expenditures for the six months ended June 30, 2026 were $42.5 million. Expenditures included farming investments in Latin America, investments in distribution facilities and ripening rooms in Europe, as well as other machinery and equipment related to blueberry and avocado packing in Europe.

Free Cash Flow from Continuing Operations, Net Debt and Net Leverage

Free cash flow from continuing operations was an outflow of $51.0 million for the six months ended June 30, 2026, compared to an outflow of $132.6 million in the prior year. The improvement in free cash flow was due to lower seasonal working capital outflows and lower capital expenditures in the current year. Net Debt and Net Leverage as of June 30, 2026 was $746.1 million and 2.0x, respectively.

Net debt at quarter end was impacted by the first step of the Ecuador port sale transaction. As part of the transaction, the Company completed a pre-closing ownership restructuring in May, acquiring the remaining minority interest in the port business. The second and final step, the sale of the port business, closed on July 1, 2026 and the associated proceeds will be reflected in third quarter Net Debt and Net Leverage. The cumulative net cash proceeds of the Ecuador port sale transaction are expected to be approximately $95.0 million, including the pre-closing ownership restructuring, cash taxes to be paid and other transaction related costs.

Dividend

On August 7, 2026, the Board of Directors of Dole plc declared a cash dividend for the second quarter of 2026 of $0.085 per share, payable on October 7, 2026 to shareholders of record on September 16, 2026. A cash dividend of $0.085 per share was paid on July 8, 2026 for the first quarter of 2026.

Share Repurchase Program

During the quarter, we repurchased 719,290 shares at an average price of $13.88 per share, totaling $10.0 million. For the six months ended June 30, 2026, we repurchased 1,025,660 shares at an average price of $14.25 per share, totaling $14.6 million. As of June 30, 2026, $85.4 million remained available for repurchase under the share repurchase program.

Outlook for Fiscal Year 2026 (forward-looking statement)

As we move into the second half of the year, fuel and shipping costs remain elevated and geopolitical developments continue to create uncertainty. While some of the sharp cost increases experienced during the second quarter appear to be moderating, the operating environment remains complex.

Consumer demand across our key markets has remained resilient, supported by long-term health and wellness trends. We also expect to benefit from contractual pricing mechanisms and cost saving initiatives in Fresh Fruit, the effectiveness of our dynamic pricing model across the Diversified businesses, and positive returns from recent investments and development activity.

Taking these factors together, we are targeting full-year Adjusted EBITDA of approximately $400 million for 2026.

We continue to expect routine capital expenditures of approximately $100 million and interest expense of approximately $58 million for the full year.

Footnote Index

Refer to the Appendix of this release for an explanation and reconciliation of non-GAAP financial measures used in this release to comparable GAAP financial measures.
Like-for-like basis refers to the measure excluding the impact of foreign currency translation movements and acquisitions and divestitures. Refer to the Appendix and "Supplementary Reconciliation of Prior Year Segment Results to Current Year Segment Results" for further detail on these impacts and the calculation of like-for-like basis variances

About Dole plc

A global leader in fresh produce, Dole plc produces, markets, and distributes an extensive variety of fresh fruits and vegetables sourced locally and from around the world. Dedicated and passionate in exceeding our customers’ requirements in over 85 countries, our goal is to make the world a healthier and a more sustainable place.

Webcast and Conference Call Information

Dole plc will host a conference call and simultaneous webcast at 08:00 a.m. Eastern Time today to discuss the second quarter 2026 financial results. The webcast can be accessed at www.doleplc.com/investor-relations or directly at https://events.q4inc.com/attendee/911565068.

Forward-looking information

Certain statements made in this press release that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on management’s beliefs, assumptions, and expectations of our future economic performance, considering the information currently available to management. These statements are not statements of historical fact. The words "believe," "may," "could," "will," "should," "would," "anticipate," "estimate," "expect," "intend," "objective," "seek," "strive," "target" or similar words, or the negative of these words, identify forward-looking statements. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates, or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. Accordingly, there are, or will be, important factors that could cause our actual results to differ materially from those indicated in these statements. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. We caution that you should not place undue reliance on any of our forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made except as required by the federal securities laws.

Appendix

Condensed Consolidated Statements of Operations - Unaudited

	Three Months Ended						Six Months Ended
	June 30, 2026			June 30, 2025			June 30, 2026			June 30, 2025

	(U.S. Dollars and shares in thousands, except per share amounts)
Revenues, net	$	2,499,411		$	2,428,427		$	4,841,586		$	4,527,831
Cost of sales		(2,304,115	)		(2,210,127	)		(4,461,297	)		(4,127,338	)
Gross profit		195,296			218,300			380,289			400,493
Selling, marketing, general and administrative expenses		(148,438	)		(124,308	)		(272,218	)		(242,720	)
(Loss) gain on disposal of businesses		(28	)		48			1,164			409
Gain on asset sales		686			9,323			1,353			13,124
Impairment and asset write-downs of property, plant and equipment and lease assets		(22	)		(144	)		(1,134	)		(182	)
Operating income		47,494			103,219			109,454			171,124
Other income (expense), net		3,869			(18,716	)		8,407			(19,064	)
Interest income		4,367			2,955			8,572			5,995
Interest expense		(14,857	)		(17,516	)		(27,443	)		(34,698	)
Income from continuing operations before income taxes and equity earnings		40,873			69,942			98,990			123,357
Income tax expense		(14,802	)		(25,504	)		(36,784	)		(43,082	)
Equity method earnings		9,056			8,501			10,656			16,793
Income from continuing operations		35,127			52,939			72,862			97,068
Loss from discontinued operations, net of income taxes		—			(34,950	)		—			(34,920	)
Net income		35,127			17,989			72,862			62,148
Income attributable to noncontrolling interests		(9,143	)		(8,023	)		(15,581	)		(13,270	)
Net income attributable to Dole plc	$	25,984		$	9,966		$	57,281		$	48,878

Income per share - basic:
Continuing operations	$	0.27		$	0.47		$	0.60		$	0.88
Discontinued operations		—			(0.37	)		—			(0.37	)
Net income per share attributable to Dole plc - basic	$	0.27		$	0.10		$	0.60		$	0.51

Income per share - diluted:
Continuing operations	$	0.27		$	0.46		$	0.60		$	0.87
Discontinued operations		—			(0.36	)		—			(0.36	)
Net income per share attributable to Dole plc - diluted	$	0.27		$	0.10		$	0.60		$	0.51

Weighted-average shares:
Basic		95,046			95,145			95,110			95,127
Diluted		95,703			95,850			95,733			95,763

Condensed Consolidated Balance Sheets - Unaudited

	June 30, 2026			December 31, 2025

ASSETS	(U.S. Dollars and shares in thousands)
Cash and cash equivalents	$	291,705		$	267,854
Receivables, net of allowances of $66,225 and $75,500, respectively		928,270			804,621
Inventories, net of allowances of $4,074 and $3,659, respectively		423,983			509,260
Prepaid expenses and other current assets		111,726			94,316
Assets held for sale		84,161			75,689
Total current assets		1,839,845			1,751,740
Investments in unconsolidated affiliates		143,996			142,082
Actively marketed property		48,211			53,231
Property, plant and equipment, net of accumulated depreciation of $640,163 and $619,706, respectively		1,049,898			1,081,656
Operating lease right-of-use assets		415,243			371,366
Goodwill		429,545			434,345
DOLE® brand		306,280			306,280
Other intangible assets, net of accumulated amortization of $133,498 and $133,022, respectively		15,961			18,997
Other assets		154,349			147,758
Deferred income tax assets		88,860			88,669
Total assets	$	4,492,188		$	4,396,124
LIABILITIES AND EQUITY
Accounts payable	$	762,072		$	712,483
Accrued liabilities		475,471			573,008
Bank overdraft, notes payable and current portion of long-term debt, net		62,366			67,279
Current maturities of operating leases		79,408			71,379
Other current liabilities		38,249			56,285
Liabilities held for sale		22,240			14,047
Total current liabilities		1,439,806			1,494,481
Long-term debt, net		969,121			799,814
Operating leases, less current maturities		337,399			306,566
Deferred income tax liabilities		85,505			90,100
Other long-term liabilities		191,975			203,390
Total liabilities	$	3,023,806		$	2,894,351

Redeemable noncontrolling interests		34,248			29,716
Stockholders’ equity:
Common stock — $0.01 par value; 300,000 shares authorized; 94,459 and 95,163 shares outstanding as of June 30, 2026 and December 31, 2025, respectively		945			952
Additional paid-in capital		741,559			804,247
Retained earnings		717,282			676,371
Accumulated other comprehensive loss		(130,852	)		(117,467	)
Total equity attributable to Dole plc		1,328,934			1,364,103
Equity attributable to noncontrolling interests		105,200			107,954
Total equity		1,434,134			1,472,057
Total liabilities, redeemable noncontrolling interests and equity	$	4,492,188		$	4,396,124

Condensed Consolidated Statements of Cash Flows - Unaudited

	Six Months Ended
	June 30, 2026			June 30, 2025

Operating Activities	(U.S. Dollars in thousands)
Net income	$	72,862		$	62,148
Loss from discontinued operations, net of taxes		—			34,920
Income from continuing operations		72,862			97,068
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities - continuing operations:
Depreciation and amortization		55,769			54,777
Impairment and asset write-downs of property, plant and equipment and lease assets		1,134			182
Net gain on sale of assets		(1,353	)		(13,124	)
Net gain on sale of businesses		(1,164	)		(409	)
Net (gain) loss on financial instruments		(9,759	)		26,036
Stock-based compensation expense		3,262			3,185
Equity method earnings		(10,656	)		(16,793	)
Noncash debt refinancing expenses		—			1,921
Amortization of debt discounts and debt issuance costs		1,566			2,654
Deferred tax benefit		(3,161	)		(2,831	)
Pension and other postretirement benefit plan cost		4,621			2,868
Dividends received from equity method investments		6,596			6,268
Gain on insurance proceeds		—			(3,869	)
Other		—			(1,565	)
Changes in operating assets and liabilities:
Receivables, net of allowances		(132,369	)		(211,944	)
Inventories		81,227			25,736
Prepaids, other current assets and other assets		(27,508	)		(12,816	)
Accounts payable, accrued liabilities and other liabilities		(49,570	)		(17,790	)
Net cash used in operating activities - continuing operations		(8,503	)		(60,446	)
Investing activities
Sales of assets		7,465			10,076
Capital expenditures		(42,545	)		(72,196	)
Proceeds from sale of businesses, net of transaction costs and cash transferred		4,968			409
Insurance proceeds		—			18,971
Net sales (purchases) of unconsolidated affiliates		231			(1,589	)
Acquisition of noncontrolling interests associated with the Port Sale Transaction		(51,193	)		—
Other acquisitions, net of cash acquired		(2,303	)		(1,882	)
Other		(439	)		(14	)
Net cash used in investing activities - continuing operations		(83,816	)		(46,225	)
Financing activities
Proceeds from borrowings and overdrafts		1,068,317			1,151,108
Repayments on borrowings and overdrafts		(901,189	)		(1,002,113	)
Dividends paid to shareholders		(16,701	)		(15,934	)
Dividends paid to noncontrolling interests		(7,192	)		(7,962	)
Repurchases of Ordinary shares		(14,644	)		—
Tax payments for net settlement of share-based payments		(3,378	)		—
Other noncontrolling interest activity, net		(3,411	)		—
Payment of contingent consideration		(2,305	)		(919	)
Net cash provided by financing activities - continuing operations		119,497			124,180
Effect of foreign exchange rate changes on cash		(3,327	)		18,859
Net cash used in operating activities - discontinued operations		—			(23,870	)
Net cash used in investing activities - discontinued operations		—			(4,850	)
Cash used in discontinued operations, net		—			(28,720	)
Increase in cash and cash equivalents		23,851			7,648
Cash and cash equivalents at beginning of period, including discontinued operations		267,854			331,719
Cash and cash equivalents at end of period, including discontinued operations	$	291,705		$	339,367
Supplemental cash flow information:
Income tax payments, net of refunds	$	(40,822	)	$	(53,567	)
Interest payments on borrowings	$	(25,422	)	$	(32,119	)

Reconciliation from Net Income to Adjusted EBITDA - Unaudited

The following information is provided to give quantitative information related to items impacting comparability. Refer to the 'Non-GAAP Financial Measures' section of this document for additional detail on each item.

	Three Months Ended						Six Months Ended
	June 30, 2026			June 30, 2025			June 30, 2026			June 30, 2025

	(U.S. Dollars in thousands)
Net income (Reported GAAP)	$	35,127		$	17,989		$	72,862		$	62,148
Loss from discontinued operations, net of income taxes		—			34,950			—			34,920
Income from continuing operations (Reported GAAP)		35,127			52,939			72,862			97,068
Income tax expense		14,802			25,504			36,784			43,082
Interest expense		14,857			17,516			27,443			34,698
Mark to market (gains) losses		(3,148	)		17,153			(7,273	)		23,069
Gain on asset sales		—			(8,737	)		(47	)		(11,178	)
Loss (gain) on disposal of businesses		28			(48	)		(1,164	)		(409	)
Legal and restructuring costs		23,054			—			23,054			—
Asset write-downs, net of insurance proceeds		184			(3,617	)		184			(3,617	)
Impairment of property, plant and equipment and lease assets		73			—			984			—
Other items¹²		(89	)		3,190			(100	)		3,284
Adjustments from equity method investments		1,826			3,061			3,581			(2,651	)
Adjusted EBIT (Non-GAAP)		86,714			106,961			156,308			183,346
Depreciation		26,320			26,496			52,847			51,309
Amortization of intangible assets		1,381			1,737			2,922			3,468
Depreciation and amortization adjustments from equity method investments		2,347			1,924			4,997			3,817
Adjusted EBITDA (Non-GAAP)	$	116,762		$	137,118		$	217,074		$	241,940

____________________
¹	For the three months ended June 30, 2026, other items is primarily comprised of $0.9 million of interest income on deferred transaction consideration, offset by $0.8 million of acquisition and transaction costs. For the three months ended June 30, 2025, other items is primarily comprised of $3.2 million of net debt refinancing expenses.
²	For the six months ended June 30, 2026, other items is primarily comprised of $1.8 million of interest income on deferred transaction consideration, offset by $1.7 million of acquisition and transaction costs. For the six months ended June 30, 2025, other items is primarily comprised of $3.2 million of net debt refinancing expenses

Reconciliation from Net Income attributable to Dole plc to Adjusted Net Income - Unaudited

	Three Months Ended						Six Months Ended
	June 30, 2026			June 30, 2025			June 30, 2026			June 30, 2025

	(U.S. Dollars and shares in thousands, except per share amounts)
Net income attributable to Dole plc (Reported GAAP)	$	25,984		$	9,966		$	57,281		$	48,878
Loss from discontinued operations, net of income taxes		—			34,950			—			34,920
Income from continuing operations attributable to Dole plc		25,984			44,916			57,281			83,798
Adjustments:
Amortization of intangible assets		1,381			1,737			2,922			3,468
Mark to market (gains) losses		(3,148	)		17,153			(7,273	)		23,069
Gain on asset sales		—			(8,737	)		(47	)		(11,178	)
Loss (gain) on disposal of businesses		28			(48	)		(1,164	)		(409	)
Legal and restructuring costs		23,054			—			23,054			—
Asset write-downs, net of insurance proceeds		184			(3,617	)		184			(3,617	)
Impairment of property, plant and equipment and lease assets		73			—			984			—
Other items^3,4		844			3,190			1,745			3,284
Adjustments from equity method investments		(1,832	)		12			(1,768	)		(7,432	)
Income tax on items above and discrete tax items		(2,494	)		(190	)		(316	)		(2,131	)
NCI impact of items above		(330	)		(1,260	)		(684	)		(2,620	)
Adjusted Net Income for Adjusted EPS calculation (Non-GAAP)	$	43,744		$	53,156		$	74,918		$	86,232

Adjusted earnings per share – basic (Non-GAAP)	$	0.46		$	0.56		$	0.79		$	0.91
Adjusted earnings per share – diluted (Non-GAAP)	$	0.46		$	0.55		$	0.78		$	0.90
Weighted average shares outstanding – basic		95,046			95,145			95,110			95,127
Weighted average shares outstanding – diluted		95,703			95,850			95,733			95,763

____________________
³	For the three months ended June 30, 2026, other items is primarily comprised of $0.8 million of acquisition and transaction costs. For the three months ended June 30, 2025, other items is primarily comprised of $3.2 million of net debt refinancing expenses.
⁴	For the six months ended June 30, 2026, other items is primarily comprised of $1.7 million of acquisition and transaction costs. For the six months ended June 30, 2025, other items is primarily comprised of $3.2 million of net debt refinancing expenses.

Supplemental Reconciliation from Net Income attributable to Dole plc to Adjusted Net Income - Unaudited

	Three Months Ended June 30, 2026 (U.S. Dollars in thousands)
	Revenues, net		Cost of sales		Gross profit	Gross Margin %		Selling, marketing, general and administrative expenses		Other operating items⁵	Operating Income
Reported (GAAP)	$	2,499,411	(2,304,115	)	195,296	*7.8*	%	(148,438	)	636	$	47,494
Loss from discontinued operations, net of income taxes		—	—		—			—		—		—
Amortization of intangible assets		—	—		—			1,381		—		1,381
Mark to market (gains) losses		—	104		104			—		—		104
Gain on asset sales		—	—		—			—		—		—
(Loss) gain on disposal of businesses		—	—		—			—		28		28
Legal and restructuring costs		—	—		—			23,054		—		23,054
Asset write-downs, net of insurance proceeds		—	184		184			—		—		184
Impairment of property, plant and equipment and lease assets		—	—		—			—		73		73
Other items		—	—		—			329		—		329
Adjustments from equity method investments		—	—		—			—		—		—
Income tax on items above and discrete tax items		—	—		—			—		—		—
NCI impact of items above		—	—		—			—		—		—
Adjusted (Non-GAAP)	$	2,499,411	(2,303,827	)	195,584	*7.8*	%	(123,674	)	737	$	72,647

____________________
⁵	Other operating items for the three months ended June 30, 2026 is comprised of a $0.7 million gain on asset sales, offset partially by other immaterial activity, as reported on the Dole plc GAAP Condensed Consolidated Statements of Operations.

	Three Months Ended June 30, 2025 (U.S. Dollars in thousands)
	Revenues, net		Cost of sales		Gross profit		Gross Margin %		Selling, marketing, general and administrative expenses		Other operating items⁶		Operating Income
Reported (GAAP)	$	2,428,427	(2,210,127	)	218,300		*9.0*	%	(124,308	)	9,227		$	103,219
Loss from discontinued operations, net of income taxes		—	—		—				—		—			—
Amortization of intangible assets		—	—		—				1,737		—			1,737
Mark to market (gains) losses		—	2,057		2,057				—		—			2,057
Gain on asset sales		—	—		—				—		(8,737	)		(8,737	)
(Loss) gain on disposal of businesses		—	—		—				—		(48	)		(48	)
Asset write-downs, net of insurance proceeds		—	(3,617	)	(3,617	)			—		—			(3,617	)
Other items		—	—		—				8		—			8
Adjustments from equity method investments		—	—		—				—		—			—
Income tax on items above and discrete tax items		—	—		—				—		—			—
NCI impact of items above		—	—		—				—		—			—
Adjusted (Non-GAAP)	$	2,428,427	(2,211,687	)	216,740		*8.9*	%	(122,563	)	442		$	94,619

____________________
⁶	Other operating items for the three months ended June 30, 2025 is primarily comprised of a gain of asset sales of $9.3 million, offset partially by other immaterial activity, as reported on the Dole plc GAAP Condensed Consolidated Statements of Operations.

	Three Months Ended June 30, 2026 (U.S. Dollars in thousands)
	Other income (expense), net			Interest income	Interest expense		Income tax expense		Equity method earnings		Income from continuing operations		Loss from discontinued operations, net of income taxes
Reported (GAAP)	$	3,869		4,367	(14,857	)	(14,802	)	9,056		35,127			—
Loss from discontinued operations, net of income taxes		—		—	—		—		—		—			—
Amortization of intangible assets		—		—	—		—		—		1,381			—
Mark to market (gains) losses		(3,252	)	—	—		—		—		(3,148	)		—
Gain on asset sales		—		—	—		—		—		—			—
(Loss) gain on disposal of businesses		—		—	—		—		—		28			—
Legal and restructuring costs		—		—	—		—		—		23,054			—
Asset write-downs, net of insurance proceeds		—		—	—		—		—		184			—
Impairment of property, plant and equipment and lease assets		—		—	—		—		—		73			—
Other items		515		—	—		—		—		844			—
Adjustments from equity method investments		—		—	—		—		(1,832	)	(1,832	)		—
Income tax on items above and discrete tax items		—		—	—		(3,010	)	516		(2,494	)		—
NCI impact of items above		—		—	—		—		—		—			—
Adjusted (Non-GAAP)	$	1,132		4,367	(14,857	)	(17,812	)	7,740		53,217		$	—

	Three Months Ended June 30, 2025 (U.S. Dollars in thousands)
	Other income (expense), net			Interest income	Interest expense		Income tax expense		Equity method earnings	Income from continuing operations		Loss from discontinued operations, net of income taxes
Reported (GAAP)	$	(18,716	)	2,955	(17,516	)	(25,504	)	8,501	52,939			(34,950	)
Loss from discontinued operations, net of income taxes		—		—	—		—		—	—			34,950
Amortization of intangible assets		—		—	—		—		—	1,737			—
Mark to market (gains) losses		15,096		—	—		—		—	17,153			—
Gain on asset sales		—		—	—		—		—	(8,737	)		—
(Loss) gain on disposal of businesses		—		—	—		—		—	(48	)		—
Asset write-downs, net of insurance proceeds		—		—	—		—		—	(3,617	)		—
Other items		3,182		—	—		—		—	3,190			—
Adjustments from equity method investments		—		—	—		—		12	12			—
Income tax on items above and discrete tax items		—		—	—		(949	)	759	(190	)		—
NCI impact of items above		—		—	—		—		—	—			—
Adjusted (Non-GAAP)	$	(438	)	2,955	(17,516	)	(26,453	)	9,272	62,439		$	—

	Three Months Ended June 30, 2026 (U.S. Dollars and shares in thousands, except per share amounts)

	Net income			Net income attributable to noncontrolling interests			Net income attributable to Dole plc			Diluted net income per share
Reported (GAAP)	$	35,127		$	(9,143	)	$	25,984		$	0.27
Loss from discontinued operations, net of income taxes		—			—			—
Amortization of intangible asset		1,381			—			1,381
Mark to market (gains) losses		(3,148	)		—			(3,148	)
Gain on asset sales		—			—			—
(Loss) gain on disposal of businesses		28			—			28
Legal and restructuring costs		23,054			—			23,054
Asset write-downs, net of insurance proceeds		184			—			184
Impairment of property, plant and equipment and lease assets		73			—			73
Other items		844			—			844
Adjustments from equity method investments		(1,832	)		—			(1,832	)
Income tax on items above and discrete tax items		(2,494	)		—			(2,494	)
NCI impact of items above		—			(330	)		(330	)
Adjusted (Non-GAAP)	$	53,217		$	(9,473	)	$	43,744		$	0.46

Weighted average shares outstanding – diluted								95,703

	Three Months Ended June 30, 2025 (U.S. Dollars and shares in thousands, except per share amounts)

	Net income			Net income attributable to noncontrolling interests			Net income attributable to Dole plc			Diluted net income per share
Reported (GAAP)	$	17,989		$	(8,023	)	$	9,966		$	0.10
Loss from discontinued operations, net of income taxes		34,950			—			34,950
Amortization of intangible assets		1,737			—			1,737
Mark to market (gains) losses		17,153			—			17,153
Gain on asset sales		(8,737	)		—			(8,737	)
(Loss) gain on disposal of businesses		(48	)		—			(48	)
Asset write-downs, net of insurance proceeds		(3,617	)		—			(3,617	)
Other items		3,190			—			3,190
Adjustments from equity method investments		12			—			12
Income tax on items above and discrete tax items		(190	)		—			(190	)
NCI impact of items above		—			(1,260	)		(1,260	)
Adjusted (Non-GAAP)	$	62,439		$	(9,283	)	$	53,156		$	0.55

Weighted average shares outstanding – diluted								95,850

Supplemental Reconciliation from Net Income attributable to Dole plc to Adjusted Net Income - Unaudited

	Six Months Ended June 30, 2026 (U.S. Dollars in thousands)
	Revenues, net		Cost of sales		Gross profit	Gross Margin %		Selling, marketing, general and administrative expenses		Other operating items⁷		Operating Income
Reported (GAAP)	$	4,841,586	(4,461,297	)	380,289	*7.9*	%	(272,218	)	1,383		$	109,454
Loss from discontinued operations, net of income taxes		—	—		—			—		—			—
Amortization of intangible assets		—	—		—			2,922		—			2,922
Mark to market (gains) losses		—	295		295			—		—			295
Gain on asset sales		—	—		—			—		(47	)		(47	)
(Loss) gain on disposal of businesses		—	—		—			—		(1,164	)		(1,164	)
Legal and restructuring costs		—	—		—			23,054		—			23,054
Asset write-downs, net of insurance proceeds		—	184		184			—		—			184
Impairment of property, plant and equipment and lease assets		—	—		—			—		984			984
Other items		—	—		—			354		—			354
Adjustments from equity method investments		—	—		—			—		—			—
Income tax on items above and discrete tax items		—	—		—			—		—			—
NCI impact of items above		—	—		—			—		—			—
Adjusted (Non-GAAP)	$	4,841,586	(4,460,818	)	380,768	*7.9*	%	(245,888	)	1,156		$	136,036

____________________
⁷	Other operating items for the six months ended June 30, 2026 is comprised of a $1.2 million gain on disposal of businesses and a $1.4 million gain on asset sales, offset partially by $1.1 million of impairment charges as reported on the Dole plc GAAP Condensed Consolidated Statements of Operations.

	Six Months Ended June 30, 2025 (U.S. Dollars in thousands)
	Revenues, net		Cost of sales		Gross profit		Gross Margin %		Selling, marketing, general and administrative expenses		Other operating items⁸		Operating Income
Reported (GAAP)	$	4,527,831	(4,127,338	)	400,493		*8.8*	%	(242,720	)	13,351		$	171,124
Loss from discontinued operations, net of income taxes		—	—		—				—		—			—
Amortization of intangible assets		—	—		—				3,468		—			3,468
Mark to market (gains) losses		—	2,257		2,257				—		—			2,257
Gain on asset sales		—	—		—				—		(11,178	)		(11,178	)
(Loss) gain on disposal of businesses		—	—		—				—		(409	)		(409	)
Asset write-downs, net of insurance proceeds		—	(3,617	)	(3,617	)			—		—			(3,617	)
Other items		—	—		—				102		—			102
Adjustments from equity method investments		—	—		—				—		—			—
Income tax on items above and discrete tax items		—	—		—				—		—			—
NCI impact of items above		—	—		—				—		—			—
Adjusted (Non-GAAP)	$	4,527,831	(4,128,698	)	399,133		*8.8*	%	(239,150	)	1,764		$	161,747

____________________
⁸	Other operating items for the six months ended June 30, 2025 is comprised of a $0.4 million gain on disposal of businesses and a $13.1 million gain on asset sales, offset partially by other immaterial activity, as reported on the Dole plc GAAP Condensed Consolidated Statements of Operations.

	Six Months Ended June 30, 2026 (U.S. Dollars in thousands)
	Other income (expense), net			Interest income	Interest expense		Income tax expense		Equity method earnings		Income from continuing operations		Loss from discontinued operations, net of income taxes
Reported (GAAP)	$	8,407		8,572	(27,443	)	(36,784	)	10,656		72,862			—
Loss from discontinued operations, net of income taxes		—		—	—		—		—		—			—
Amortization of intangible assets		—		—	—		—		—		2,922			—
Mark to market (gains) losses		(7,568	)	—	—		—		—		(7,273	)		—
Gain on asset sales		—		—	—		—		—		(47	)		—
(Loss) gain on disposal of businesses		—		—	—		—		—		(1,164	)		—
Legal and restructuring costs		—		—	—		—		—		23,054			—
Asset write-downs, net of insurance proceeds		—		—	—		—		—		184			—
Impairment of property, plant and equipment and lease assets		—		—	—		—		—		984			—
Other items		1,392		—	—		—		—		1,745			—
Adjustments from equity method investments		—		—	—		—		(1,768	)	(1,768	)		—
Income tax on items above and discrete tax items		—		—	—		(816	)	500		(316	)		—
NCI impact of items above		—		—	—		—		—		—			—
Adjusted (Non-GAAP)	$	2,231		8,572	(27,443	)	(37,600	)	9,388		91,183		$	—

	Six Months Ended June 30, 2025 (U.S. Dollars in thousands)
	Other income (expense), net			Interest income	Interest expense		Income tax expense		Equity method earnings		Income from continuing operations		Loss from discontinued operations, net of income taxes
Reported (GAAP)	$	(19,064	)	5,995	(34,698	)	(43,082	)	16,793		97,068			(34,920	)
Loss from discontinued operations, net of income taxes		—		—	—		—		—		—			34,920
Amortization of intangible assets		—		—	—		—		—		3,468			—
Mark to market (gains) losses		20,812		—	—		—		—		23,069			—
Gain on asset sales		—		—	—		—		—		(11,178	)		—
(Loss) gain on disposal of businesses		—		—	—		—		—		(409	)		—
Asset write-downs, net of insurance proceeds		—		—	—		—		—		(3,617	)		—
Other items		3,182		—	—		—		—		3,284			—
Adjustments from equity method investments		—		—	—		—		(7,432	)	(7,432	)		—
Income tax on items above and discrete tax items		—		—	—		(2,818	)	687		(2,131	)		—
NCI impact of items above		—		—	—		—		—		—			—
Adjusted (Non-GAAP)	$	4,930		5,995	(34,698	)	(45,900	)	10,048		102,122		$	—

	Six Months Ended June 30, 2026 (U.S. Dollars and shares in thousands, except per share amounts)

	Net income		Net income attributable to noncontrolling interests			Net income attributable to Dole plc		Diluted net income per share
Reported (GAAP)	$	72,862	$	(15,581	)	$	57,281	$	0.60
Loss from discontinued operations, net of income taxes		—		—