Core Insights - Dole launched a new pineapple variety, Colada Royale, which has received multiple awards, including Best New Product in the fresh fruit category [1] - The company reported strong operating results for 2025, with adjusted EBITDA of $395 million, exceeding guidance, and set a target of at least $400 million for 2026 [4][5][7] Product Launch - Dole introduced Colada Royale, a pineapple variety developed over 15 years in Honduras, which has been well received in the market [1] Shareholder and Reporting Updates - Castle & Cooke exited as a shareholder in September, and Dole transitioned to full U.S. domestic issuer filings, potentially improving eligibility for U.S. equity indices [2] - The company renewed its credit facilities for $1.2 billion, enhancing financial capacity and flexibility [2] Divestitures - Dole announced the sale of its port operations in Guayaquil, Ecuador, expecting net proceeds of approximately $75 million [3] - The company completed the sale of its Fresh Vegetables business for gross consideration of $140 million in August 2025 [3] Financial Performance - Dole reported full-year revenue of $9.2 billion, with adjusted EBITDA of $395 million, which was 1% ahead of the previous year [6][7] - Fourth-quarter adjusted EBITDA was $72.7 million, with revenue increasing by 9.2% year-over-year [12] Segment Performance - The Fresh Fruit segment faced higher sourcing costs, resulting in an EBITDA of $189 million, while the Diversified Fresh Produce segment saw significant growth, with EMEA EBITDA at $150 million, up 14% [6][8][10] - The Americas and Rest of World segment reported a 32% increase in fourth-quarter adjusted EBITDA [11] Cash Flow and Leverage - Dole ended the year with leverage at 1.5x, down from 1.6x the previous year, and reported net cash provided by operating activities of $123 million [16][18] - Free cash flow from continuing operations was $1.7 million, with an adjusted figure of approximately $81 million when excluding certain items [18] Future Outlook - Management set an initial target for 2026 adjusted EBITDA of at least $400 million, while acknowledging ongoing challenges in sourcing costs and supply dynamics [20][22] - The company expects normalized cash generation in 2026, aided by the disposal of the Fresh Vegetables business and lower working capital investments [18][22]

Results Presentation Q4'25 and FY'25 Disclaimer Today's presentation includes forward-looking statements that reflect Dole plc's current views with respect to future events, financial performance, expected synergies and industry conditions. 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 forwar ...