Dole reports US$9.2B revenue for 2025 as fruit costs weigh on quarterly profit
The fresh produce group posted higher annual sales but saw lower quarterly earnings due to higher fruit costs and tax charges.
IRELAND – Dole plc reported revenue of US$9.2 billion for the full year ended December 31, 2025, marking an 8.2 percent increase from the previous year.
In the fourth quarter, revenue rose 9.2 percent to US$2.4 billion. Net income stood at US$6.0 million, while adjusted EBITDA reached US$72.7 million. Adjusted net income totaled US$13.8 million, and adjusted diluted earnings per share came in at US$0.14, down from US$0.16 in the prior year period.
The company said higher fruit costs in its Fresh Fruit segment reduced earnings during the quarter. A US$3.2 million foreign currency gain and stronger performance in its Diversified Fresh Produce Americas and Rest of World segment helped offset part of that pressure.
Net income improved from a loss of US$31.6 million in the same period last year. That earlier result included a US$61.2 million loss from discontinued operations linked to the Fresh Vegetables division. On a continuing operations basis, net income fell from US$29.6 million to US$6.8 million, mainly due to a non-cash tax charge.
During the quarter, Dole also announced an agreement to sell port assets in Ecuador for expected net proceeds of about US$75 million.
Full year performance
For the full year, net income reached US$82.0 million, with diluted earnings per share of US$0.53. Adjusted EBITDA totaled US$395.4 million, while adjusted net income stood at US$115.0 million. Adjusted diluted earnings per share came in at US$1.20.
Revenue growth came from performance across business segments and a favorable foreign currency impact of US$169.4 million. A US$111.0 million negative impact from acquisitions and divestitures partly reduced that gain. On a like for like basis, revenue increased 7.5 percent.
Net debt fell by US$30.7 million to US$606.5 million, with net leverage at 1.5 times. The board authorized share repurchases of up to US$100 million.
Management said the company aims to reach adjusted EBITDA of at least US$400 million in the coming financial year. “We continue to focus on operational discipline and cost control as we move into the New Year,” the company said. “Our diversified model supports steady performance across regions.”
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