Dole plc reported its fourth‑quarter and full‑year 2025 financial results, delivering revenue of $2.366 billion for the quarter and $9.173 billion for the year, up 9.2% and 8.2% YoY respectively.
Adjusted EBITDA fell 2.6% in Q4 to $72.7 million from $74.6 million a year earlier, while the full‑year figure rose to $395.4 million, a $3.2 million increase over 2024. Adjusted net income declined to $13.8 million in Q4 from $15.3 million in Q4 2024, and to $115.0 million for the year from $120.9 million in 2024.
The Fresh Fruit segment generated $874 million in revenue and $26.6 million in adjusted EBITDA for the quarter, but its adjusted EBITDA slipped 16.6% because of higher sourcing costs after Tropical Storm Sara. Strong performance in the Diversified Fresh Produce – EMEA and Diversified Fresh Produce – Americas & ROW segments offset the pressure and helped lift overall results.
Adjusted diluted earnings per share for Q4 2025 were $0.14, matching the consensus estimate of $0.13–$0.14 and beating the earlier estimate of $0.12 that had been cited in some reports. Revenue also met or slightly exceeded the consensus estimate of $2.37 billion.
Management highlighted that the year’s results were driven by operational momentum and strategic milestones. Executive Chairman Carl McCann said the company was “very pleased to deliver a strong operating result for the year, with Adjusted EBITDA of $395 million, surpassing our most recent guidance.” He added that the company is targeting Adjusted EBITDA of at least $400 million for fiscal 2026.
Chief Financial Officer Jacinta Devine noted that the quarter’s Adjusted EBITDA of $72.7 million was ahead of the company’s own expectations and that revenue was 9.2% higher on a reported basis and 5.7% higher on a like‑for‑like basis compared with Q4 2024, reflecting positive operational performance across all segments.
The company also confirmed ongoing strategic moves: the sale of its Fresh Vegetables business in August 2025 for $140 million, the agreement to sell port assets in Ecuador for roughly $75 million, and the authorization of a $100 million share‑repurchase program, of which 300 000 shares have already been repurchased after year‑end. Dole is also transitioning to U.S. domestic issuer filings to enhance comparability and index inclusion.
Investors reacted with caution, as margin compression from higher fruit costs and a year‑over‑year decline in net income tempered enthusiasm, even though the company’s guidance for 2026 signals confidence in maintaining profitability.
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