FRESH DEL MONTE PRODUCE INC

“Item 1A. Risk Factors” of our Form 10-K for the year ended December 26, 2025 includes a discussion of our risk factors. The information presented below updates, and should be read in conjunction with, the risk factors and information disclosed in our Form 10-K.

Adverse perception, events or rumors relating to our Del Monte® brand could have a material adverse effect on our business.

We depend on the Del Monte® brand and our other proprietary brands, which we now own pursuant to our acquisition of Del Monte Foods, to differentiate and market our products and maintain consumer recognition and trust. Any events or rumors that cause consumers and/or institutions to no longer associate these brands with high-quality and safe food products may materially adversely affect the value of our brand names and demand for our products. Allegations involving the safety or security of our facilities, employees, or other members of the public, even if untrue, that we are not respecting the human rights found in our Human Rights Policy, which adheres to the United Nations Universal Declaration of Human Rights; actual or perceived failure by our suppliers or other business partners to comply with applicable labor and workplace rights laws, including child labor laws and equal pay laws, or their actual or perceived abuse or misuse of migrant workers or the like could negatively affect our Company’s overall reputation and brand image, which in turn could have a negative impact on our products’ acceptance by consumers or customers. For example, allegations regarding human rights violations have been made regarding our Kenya subsidiary. Any media coverage resulting therefrom, could create a negative public perception of our business, which in turn could have a negative impact on our products’ acceptance by consumers or customers.

Although we now own the trademark of Del Monte® brand and other brands acquired in the Del Monte Foods acquisition, we continue to share, pursuant to existing licensee agreements, the Del Monte® brand and the other brands with unaffiliated companies that manufacture, distribute and sell products under those brands, including the purchaser of the U.S. Del Monte® canned and ambient temperature fruit business. This may limit our ability to control the use of the brand. Furthermore, acts or omissions by these companies, including an instance of food-borne contamination or disease, may adversely affect the value of the Del Monte® brand. As a result, our reputation and the value of the Del Monte® brand may be adversely affected by negative consumer perception which could adversely affect our sales.

The Del Monte® brand may also be affected by negative perceptions associated with the prior financial condition and bankruptcy proceedings of Del Monte Foods. Although we were not responsible for such prior events, customers and vendors may nonetheless associate the brand with those developments.

Negative information about the Del Monte® brand, one of our other brands or our business, whether accurate or not, may be rapidly disseminated through traditional media and digital platforms, including social media and influencer channels, and may result in immediate harm to our reputation without affording us an opportunity to respond or mitigate such impact. Any sustained adverse consumer perception or loss of confidence in the Del Monte® brand could result in decreased demand for our products, harm our relationships with customers and suppliers, and materially adversely affect our business.

We rely on protection of our intellectual property and proprietary rights.

Our success also depends on our ability to protect our intellectual property rights. We rely primarily on patent, copyright, trademark and trade secret laws to protect our intellectual property and proprietary technologies. As the owner of the trademark of Del Monte® and other brands following our acquisition of assets from Del Monte Foods, we have primary responsibility to maintain the enforceability of these brands, monitor unauthorized use, prevent infringement, and maintain the distinctiveness and reputation of the trademark across multiple jurisdictions and product categories. These efforts will require significant more resources than amounts that we previously spent as a licensor. To the extent that we are not successful in adequately protecting the Del Monte® or other brands, it could result in dilution of such brands, loss of exclusivity, increased third-party use that may be inconsistent with our brand standards, or contractual damages under our licensee agreements.

Our trademarks and brand names are registered in jurisdictions throughout the world. We intend to keep these filings current and seek protection for new trademarks to the extent consistent with business needs. However, effective intellectual property protection may not be available in every country in which our brands are sold as the laws of some countries do not protect intellectual property rights to the same extent as the laws of the U.S. We protect our technology by, among other things, filing patent applications for technology relating to the development of our business in the U.S., the EU and selected foreign jurisdictions. We also rely on trade secrets and proprietary know-how and confidentiality agreements to protect our technologies and processes. The failure of any patents, trademarks, trade secrets or other intellectual property rights to provide protection to our technologies would make it easier for our competitors to offer similar products, which could adversely affect our business, financial conditions and results of operations.

The conflict between the United States, Israel, and Iran and the resulting geopolitical instability may adversely affect our business.

In February 2026, the United States and Israel launched coordinated military strikes against Iran, which retaliated with missile attacks across the regions and threats on commercial cargo passing through the Strait of Hormuz, contributing to significant volatility and increase in global oil and energy prices. Brent crude oil prices have recently exceeded $110 per barrel and, at times, reached levels above $120 per barrel, reflecting a material disruption to global energy supply and logistics. These strikes have led to ongoing escalations throughout the Middle East, including additional retaliatory measures and disruptions to trade routes. Further escalation, such as additional military actions, sanctions, or other governmental or market responses, and sustained increase in oil prices may adversely affect our business, financial condition, and results of operations in several ways. Higher fuel costs increase the cost of operating our global logistics network, including ocean freight, trucking, and distribution, which are critical to the transportation of fresh produce and prepared food products. In addition, increased energy prices raise the cost of key agricultural inputs, including fertilizers, packaging materials, and petrochemical-based products, which are widely used throughout the food supply chain. Furthermore, rising fertilizer and agricultural input costs may negatively impact crop yields and sourcing costs, thereby increasing the price of raw materials and reducing supply reliability. Increased energy and input costs could continue to lead to broader inflationary pressures, including higher food prices globally, which may reduce consumer purchasing power and demand for our products. To the extent we are unable to fully offset these cost increases through pricing actions, or cost efficiencies, our margins and profitability may be adversely affected.