FRESH DEL MONTE PRODUCE INC
For the period ended Dec 26, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
DMC$27.41-1.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows for the years ended
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended | |||
|---|---|---|---|
| December 26,2025 | December 27,2024 | December 29,2023 | |
| Operating activities: | |||
| Net income (loss) | $93.5 | $141.6 | $(1.6) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 72.5 | 78.5 | 84.8 |
| Amortization of debt issuance costs | 0.5 | 0.5 | 0.5 |
| Share-based compensation expense | 10.0 | 6.9 | 9.9 |
| Asset impairment charges | 55.4 | 3.7 | 141.3 |
| Change in uncertain tax positions | 2.4 | (1.0) | 1.5 |
| Gain on disposal of property, plant and equipment, and subsidiary, net | (10.3) | (39.5) | (37.9) |
| Income from equity method investments | (13.2) | (9.2) | 1.0 |
| Deferred income taxes | 8.0 | 3.6 | (3.8) |
| Gain on release of cumulative translation adjustment | — | — | (2.4) |
| Other, net | (2.8) | 2.6 | (2.3) |
| Changes in operating assets and liabilities | |||
| Receivables | 35.1 | (9.8) | (19.3) |
| Inventories | 2.5 | (1.5) | 64.7 |
| Prepaid expenses and other current assets | (0.9) | (2.4) | 1.7 |
| Accounts payable and accrued expenses | (18.5) | 11.2 | (64.1) |
| Other noncurrent assets and liabilities | 10.9 | (2.7) | 3.9 |
| Net cash provided by operating activities | 245.1 | 182.5 | 177.9 |
| Investing activities: | |||
| Capital expenditures | (63.8) | (51.7) | (57.7) |
| Investments in and advances to unconsolidated companies | (12.5) | (8.0) | (5.4) |
| Proceeds from sales of property, plant and equipment and subsidiary | 25.0 | 74.4 | 119.9 |
| Insurance proceeds received for damage to property, plant and equipment, net | — | 5.7 | — |
| Distributions from unconsolidated companies | 2.5 | — | 0.1 |
| Other investing activities | 0.1 | — | (0.5) |
| Net cash (used in) provided by investing activities | (48.7) | 20.4 | 56.4 |
| Financing activities: | |||
| Proceeds from long-term debt | 353.6 | 620.4 | 590.5 |
| Payments on long-term debt | (424.7) | (776.3) | (730.3) |
| Purchase of noncontrolling interest | — | — | (5.2) |
| Distributions to noncontrolling interests | (4.8) | — | (17.9) |
| Payment of deferred financing costs | — | (2.2) | — |
| Repurchase and retirement of ordinary shares | (29.8) | — | (11.8) |
| Share-based awards settled in cash for taxes | (1.0) | (0.9) | (0.8) |
| Dividends paid | (57.4) | (47.8) | (35.9) |
| Other financing activities | (1.6) | (3.1) | (2.1) |
| Net cash used in financing activities | (165.7) | (209.9) | (213.5) |
| Effect of exchange rate changes on cash | 0.9 | 5.8 | (4.2) |
| Net increase (decrease) in cash and cash equivalents | 31.6 | (1.2) | 16.6 |
| Cash, cash equivalents and restricted cash, beginning | 32.6 | 33.8 | 17.2 |
| Cash, cash equivalents and restricted cash, ending | $64.2 | $32.6 | $33.8 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
| Year ended | |||
|---|---|---|---|
| December 26,2025 | December 27,2024 | December 29,2023 | |
| Supplemental cash flow information: | |||
| Cash paid for interest | $13.4 | $20.3 | $24.2 |
| Cash paid for income taxes | $18.2 | $16.0 | $14.9 |
| Non-cash financing and investing activities: | |||
| Right-of-use assets obtained in exchange for new operating lease obligations | $56.4 | $38.2 | $51.0 |
| Receivable obtained in exchange for sale of Mann Packing | $31.3 | $— | $— |
| Fair value of net assets acquired in non-cash acquisition | $0.8 | $— | $— |
| Right-of-use assets obtained in exchange for new finance lease obligations | $— | $0.1 | $0.2 |
| Note receivable received in exchange for minority interest in subsidiary | $— | $0.5 | $— |
| Dividends on restricted stock units | $0.5 | $0.4 | $0.4 |
| Non-cash conversion of note receivable in exchange for investment in unconsolidated company | $— | $0.7 | $— |
| Insurance receivable for loss due to property damages | $— | $— | $0.9 |
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