Share Fresh Del Monte Completes Acquisition of Select Del Monte® Foods Assets Fresh Del Monte Completes Acquisition of Select Del Monte® Foods Assets Transaction reunites the Del Monte® brand and expands Fresh Del Monte's prepared and packaged foods platform "Reuniting the Del Monte® brand under one global leader is a truly significant moment for our company. Del Monte has been one of the most recognized names in food for more than 140 years,†said Mohammad Abu-Ghazaleh, Fresh Del Monte's Chairman and Chief ...

Core Insights - The analyst has over a decade of experience researching various industries, including commodities like oil, natural gas, gold, and copper, as well as technology companies such as Google and Nokia, and emerging market stocks [1] Group 1: Company Focus - The analyst has transitioned from writing a blog to creating a value investing-focused YouTube channel, where extensive research on hundreds of companies has been conducted [1] - The preferred focus of the analyst includes metals and mining stocks, but there is also comfort in analyzing other sectors such as consumer discretionary/staples, REITs, and utilities [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 26, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 333-07708 FRESH DEL MONTE PRODUCE INC. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or Other Jurisdiction of I ...

Management said Fresh Del Monte recently received U.S. Bankruptcy Court approval to proceed as the purchaser of the global Del Monte brand and select core assets from California-based Del Monte Foods. Abu-Ghazaleh said the company expects the transaction to close before the end of the first quarter, subject to customary regulatory approvals and remaining closing conditions, including HSR antitrust clearance.Abu-Ghazaleh said these actions helped strengthen the balance sheet, expand margins, and generate cas ...

Financial Data and Key Metrics Changes - Net sales for Q4 2025 were $1.02 billion, with an adjusted net sales of $968 million, reflecting strong demand in the banana segment and other products [13][15] - Gross profit was $106 million, with a gross margin of 10.4%, while adjusted gross profit was $109 million with an adjusted gross margin of 11.3% [14][15] - For the full year 2025, net sales reached $4.3 billion, with adjusted net sales of $4.1 billion, driven by higher selling prices across business segments [15][16] - Fresh Del Monte's net income was $91 million for the full year, with an adjusted net income of $178 million [17] Business Line Data and Key Metrics Changes - Fresh and value-added products segment net sales were $2.6 billion, driven by higher selling prices in pineapples and Fresh Cut products [18] - The banana segment generated $1.5 billion in net sales, benefiting from higher selling prices in North America and improved market demand [19] - Other products and services segment net sales were $210 million, primarily from the third-party ocean freight business [20] Market Data and Key Metrics Changes - Market demand in North America and Europe remains strong, while demand in Asia, particularly Japan and Korea, is trending lower year-over-year [25] - The banana segment faced cost pressures due to adverse weather and crop diseases, impacting margins [19][42] Company Strategy and Development Direction - The company is focusing on core strengths by divesting non-core assets and streamlining its portfolio, which has strengthened its balance sheet and expanded margins [4][5] - Fresh Del Monte is in the process of acquiring select assets from Del Monte Foods, aiming to reunify the brand under one company to enhance operational efficiency and long-term value creation [5][10] - The acquisition is expected to close before the end of Q1 2026, pending regulatory approvals [6][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage the upcoming acquisition and highlighted the importance of disciplined decision-making and capital allocation [9][23] - The outlook for 2026 includes expectations for net sales to be 1%-2% higher, driven by increased selling prices, with gross margins projected to be in the range of 12%-14% for the fresh and value-added segment [24][26] Other Important Information - The company declared a quarterly cash dividend of $0.30 per share, reflecting a disciplined approach to capital allocation [22] - Capital expenditures for the full year totaled $64 million, focusing on enhancing operations in Central America and North America [21][22] Q&A Session Summary Question: What stood out in the quarter regarding margins in the Fresh Cut segment? - Management indicated comfort with the guidance of 12%-14% gross margin for the year, despite the last quarter's adjusted gross margin being 14.8% [31][32] Question: Can you discuss trends in the Fresh Cut segment and expectations for 2026? - Fresh Cut is performing well with strong demand and volume increases expected to continue into 2026 [33] Question: How is the pineapple business managing supply issues? - The company is expanding production in Costa Rica and Brazil, but land availability and government approvals are challenges [37][38] Question: How did North America fare relative to other regions in the banana segment? - North America performed reasonably well, focusing on profitability rather than volume, while Asia impacted margins negatively [40][42] Question: What is the expected sales growth and profitability from the Del Monte Foods acquisition? - Management preferred to wait until Q1 to provide guidance on the expected sales growth and profitability from the acquisition [46][47]

Financial Data and Key Metrics Changes - Net sales for Q4 2025 were $1.02 billion, driven by higher sales in other products and banana segments, with adjusted net sales at $968 million [13][14] - Gross profit was $106 million, with a gross margin of 10.4%, while adjusted gross profit was $109 million with an adjusted gross margin of 11.3% [14] - For the full year 2025, net sales reached $4.3 billion, with adjusted net sales at $4.1 billion, and gross profit was $399 million, leading to a gross margin of 9.2% [15][16] Business Line Data and Key Metrics Changes - Fresh and value-added products segment net sales were $2.6 billion, driven by higher prices in pineapples and fresh cut products, with adjusted net sales at $2.4 billion [18] - Banana segment net sales were $1.5 billion, influenced by higher prices in North America, with gross profit at $71 million and a gross margin of 4.8% [19] - Other products and services segment net sales were $210 million, with gross profit at $29 million and a gross margin of 13.7% [20] Market Data and Key Metrics Changes - Market demand in North America and Europe remains strong, while demand in Asia, particularly Japan and Korea, is trending lower year-over-year [25] - The U.S. is the largest market for fresh cut products, with strong performance also noted in the U.K. [33] Company Strategy and Development Direction - The company is focusing on core strengths by streamlining its portfolio and divesting from non-core distractions, aiming for operational efficiency and high-return investments [4][5] - The acquisition of select assets from Del Monte Foods is expected to close before the end of Q1 2026, which will reunify the Del Monte brand under one company [5][10] - The strategy emphasizes maintaining operational continuity and leveraging capital resources for growth while preserving the autonomy of the acquired business unit [8][9] Management's Comments on Operating Environment and Future Outlook - Management views fiscal 2025 as a year of preparation and a shift towards a focused strategy, with expectations for disciplined decision-making and thoughtful capital allocation in 2026 [4][9] - The company anticipates net sales growth of 1%-2% for 2026, driven by higher per unit selling prices, with gross margins expected to be in the range of 12%-14% for the fresh and value-added segment [24][26] Other Important Information - The company declared a quarterly cash dividend of $0.30 per share, with an annualized yield of approximately 3% based on the current share price [22] - Capital expenditures for the full year totaled $64 million, focusing on enhancing operations in banana and pineapple sectors [21][22] Q&A Session Summary Question: Margin outlook for fresh cut and value-added products - Management is comfortable with a gross margin guidance of 12%-14%, despite an adjusted gross margin of 14.8% in the last quarter [31][32] Question: Trends in fresh cut products - Fresh cut products are performing well with strong demand and volume increases expected to continue into 2026 [33] Question: Pineapple supply issues - The company is expanding production in Costa Rica and Brazil, but supply constraints due to land availability and government approvals remain [37][38] Question: Banana segment performance - North America is performing reasonably well, focusing on profitability rather than volume, while Asia has negatively impacted margins [40][42] Question: Capital spending estimates for 2026 - Management prefers to postpone capital spending estimates until the next quarter for better clarity [43][44] Question: Expected sales growth from Del Monte Foods acquisition - Management will provide guidance on expected sales growth and profitability of the acquired business in Q1 2026 [46][47]

Financial Data and Key Metrics Changes - Net sales for Q4 2025 were $1.02 billion, with an adjusted net sales of $968 million, reflecting strong demand in other products and services and the banana segments [12][14] - Gross profit was $106 million, with a gross margin of 10.4%, while adjusted gross profit was $109 million with an adjusted gross margin of 11.3% [13][14] - For the full year 2025, net sales reached $4.3 billion, with adjusted net sales of $4.1 billion, driven by higher selling prices across all business segments [15][16] - Fresh Del Monte's net income was $91 million for the full year, with adjusted net income of $178 million [16][20] Business Line Data and Key Metrics Changes - Fresh and value-added products segment net sales were $2.6 billion, driven by higher selling prices in pineapples and fresh cut products, with adjusted net sales of $2.4 billion [17] - The banana segment reported net sales of $1.5 billion, with gross profit of $71 million, reflecting higher production costs and adverse weather impacts [18] - Other products and services segment net sales were $210 million, with gross profit of $29 million, driven by higher sales in third-party ocean freight [19] Market Data and Key Metrics Changes - Market demand in North America and Europe remains strong, while demand in Asia, particularly Japan and Korea, continues to trend lower year-over-year [24] - The U.S. is the largest market for fresh cut products, with strong performance also noted in the U.K. [31] Company Strategy and Development Direction - The company is focusing on core strengths by streamlining its portfolio and divesting from non-core distractions, which has strengthened its balance sheet and expanded margins [4][5] - Fresh Del Monte is in the process of acquiring select assets from Del Monte Foods, with the transaction expected to close before the end of Q1 2026, aiming to reunify the Del Monte brand under one company [5][10] - The strategy emphasizes operational efficiency and high-return investments, with a focus on long-term value creation [9][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage the upcoming acquisition and highlighted the unique position of Del Monte as a multinational with both fresh and processed food divisions [48] - The outlook for 2026 includes expectations for net sales to be 1%-2% higher, driven by higher selling prices, with gross margins projected at 12%-14% for the fresh and value-added segment [23][24] Other Important Information - The company declared a quarterly cash dividend of $0.30 per share, representing an annualized yield of approximately 3% [21] - Capital expenditures for the full year totaled $64 million, focusing on enhancing operations in Central America and North America [20][21] Q&A Session Summary Question: Margins in the fresh cut segment - Management is comfortable with the guidance of 12%-14% gross margin for the year, despite the last quarter's adjusted gross margin being 14.8% [29][30] Question: Trends in the fresh cut segment - Fresh-cut products are performing well with strong demand and volume increases expected to continue into 2026 [31] Question: Pineapple business supply issues - The company is expanding production in Costa Rica and Brazil, but land availability and government approvals are challenges [34][35] Question: Banana segment performance - North America has performed reasonably well, focusing on profitability rather than volume, while Asia has negatively impacted margins [38][40] Question: Capital spending estimates for 2026 - Management prefers to postpone capital spending estimates until the next quarter for better clarity [41] Question: Expected sales growth from Del Monte Foods acquisition - Management will provide guidance on the acquisition's financial impact in Q1 2026 [45]

Fresh Del Monte Produce Inc. Q4 and FY 2025 Earnings Presentation February 18, 2026 0 Meet Our Speakers 1 Forward-Looking Statement This presentation and the related earnings call contain certain forward-looking statements regarding the intent, beliefs or current expectations of the Company. These statements include statements that are preceded by, followed by or include the words "believes", "expects", "anticipates", "may" or similar expressions with respect to various matters. Specifically, this presentat ...

Financial Performance - Net sales for Q4 2025 were $1,019.5 million, driven by higher sales in the banana and other products segments, with an adjusted net sales figure of $968.2 million[4]. - Gross profit for Q4 2025 was $106.0 million, resulting in a gross margin of 10.4%, with adjusted gross profit of $109.2 million and an adjusted gross margin of 11.3%[4]. - For the full fiscal year 2025, net sales reached $4,322.3 million, with an adjusted net sales figure of $4,097.5 million, reflecting higher selling prices across all business segments[5]. - Full fiscal year 2025 gross profit was $399.1 million, with a gross margin of 9.2%, and adjusted gross profit of $426.8 million with an adjusted gross margin of 10.4%[5]. - Operating income for Q4 2025 was $46.0 million, with adjusted operating income of $47.6 million[4]. - The company reported net income of $31.9 million for Q4 2025, with adjusted net income of $33.2 million[4]. - Net income attributable to Fresh Del Monte Produce Inc. for the quarter was $31.9 million, compared to $20.4 million in the same quarter last year, with annual net income at $90.7 million, down from $142.2 million[26]. - Basic earnings per share (EPS) for the quarter was $0.67, up from $0.43 in the same quarter last year, while diluted EPS was $0.67 compared to $0.42[26]. - The adjusted net income attributable to Fresh Del Monte for the quarter was $968.2 million, with diluted EPS of $0.70, compared to $949.2 million and $0.42 in the prior year, reflecting a year-over-year increase of 2.5% in net income and 66.7% in EPS[36]. - Adjusted net sales for the year ended December 26, 2025, were $4,097.5 million, compared to $3,987.8 million in 2024, marking a 2.8% increase[41]. Asset and Liability Management - Long-term debt at the end of 2025 was $173.0 million, indicating improved financial flexibility[22]. - Total current assets increased to $1,140.8 million as of December 26, 2025, from $1,132.9 million a year earlier, driven by higher cash and cash equivalents[28]. - Total liabilities decreased to $1,028.8 million from $1,089.4 million year-over-year, primarily due to a reduction in long-term debt[28]. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the year was $245.1 million, an increase from $182.5 million in 2024, indicating improved operational efficiency[30]. - Capital expenditures for the year were $63.8 million, compared to $51.7 million in the previous year, reflecting ongoing investments in growth[30]. Shareholder Returns - The company declared a quarterly cash dividend of $0.30 per share, payable on March 27, 2026[23]. - The company declared dividends of $0.30 per ordinary share for the quarter, up from $0.25 in the same quarter last year, and total dividends for the year were $1.20 compared to $1.00 in 2024[26]. - During Q4 2025, the company repurchased 410,409 shares for $15.0 million, with $120.2 million remaining under the share repurchase authorization[24]. Strategic Initiatives and Market Position - The company intends to focus on disciplined decision-making and capital allocation as it evaluates future opportunities[2]. - Fresh Del Monte Produce Inc. is committed to the "Science Based Targets" initiative, reflecting its dedication to sustainability[45]. - The company has been recognized as one of "America's Most Trusted Companies" by Newsweek, highlighting its reputation in the market[45]. - The company is focused on high-margin products that align with market demands and its business model[46]. - The acquisition of Del Monte Foods is expected to provide significant benefits, pending HSR clearance and customary closing conditions[46]. - A five-year growth strategy is in place, with plans to build the fresh-cut program into a key profit center[46]. - The company is committed to maximizing the utilization of its biomass and intends to use biofertilizers to enhance sustainability efforts[46]. - The company anticipates ongoing elevated commodity and supply chain costs impacting future performance[46]. - Future weather-related events may affect the business, with potential recovery of insurance proceeds for damages[46]. - The company is focused on streamlining operations to improve profitability and future growth[46]. - Expected segment results for 2026 include projections for SG&A expenses, debt management, capital expenditures, and cash flow[46]. Performance Metrics - The net income margin for Q4 2025 was 3.1%, up from 2.0% in Q4 2024, indicating improved profitability[41]. - The adjusted EBITDA for the year ended December 26, 2025, was $300.2 million, up from $256.0 million in 2024, reflecting a 17.3% growth[41]. - The adjusted EBITDA margin for the year ended December 26, 2025, was 7.3%, compared to 6.4% in 2024, showing enhanced operational efficiency[41]. Product Performance - The gross profit from fresh and value-added products was $299.4 million for the year ended December 26, 2025, compared to $243.3 million in the previous year, an increase of 23.1%[38]. - The company reported a gross profit of $82.0 million from fresh and value-added products for the latest quarter, compared to $73.5 million in the previous quarter, reflecting a quarter-over-quarter increase of 6.1%[38]. - The divestiture of Mann Packing negatively impacted net sales by $224.8 million for the year, while contributing $30.6 million to gross profit[36]. - Asset impairment and other charges contributed positively to gross profit by $59.3 million for the year, reflecting the company's strategic adjustments[36]. - The company reported a gain on the disposal of property, plant, and equipment of $13.6 million for the year, which had a negative impact on net income[36]. - The company reported a divestiture of Mann Packing, which contributed $10.0 million to adjusted EBITDA in Q4 2025[41].

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. Reports Fourth Quarter and Full Fiscal Year 2025 Financial Results. ...