Dole plc

Previous wording

Overall, the economic and market environment continues to be volatile in 2026 and a number of external factors are currently posing challenges to the global economy and to our business, including:

Current wording

As 2026 progresses, the economic and market environment continues to be volatile with a number of external factors continuing to pose challenges to the global economy and to our business, including:

Previous wording

•Continuing global economic disruption due to geopolitical conflicts, as well as increased local disruptions due to political or security issues. Most recently the broadening conflict in the Middle East has contributed to higher global fuel prices and increased uncertainty with respect to future direct and indirect input costs;

Current wording

•Continuing global economic disruption due to geopolitical conflicts, as well as increased local disruptions due to political or security issues. The continuing conflict in the Middle East has increased global fuel prices, resulting in higher transportation costs; and continues to create uncertainty with respect to future direct and indirect input costs;

Previous wording

In response to the various ongoing challenges noted above, we are continuing to work across our business on mitigation strategies, including working with customers and suppliers to manage possible impacts of changes in tariff regimes, adjusting pricing, identifying operational efficiencies and making strategic investments where deemed appropriate. Although we ultimately believe that we are well positioned within our industry to weather periods of economic disruption, the scope, duration and carry over effects of the above factors are uncertain, rapidly changing and difficult to predict. Therefore, the extent and magnitude of the impact of these factors on our business, operating results and long-term liquidity position cannot be reliably estimated at this time.

Current wording

In response to the various ongoing challenges noted above, we are continuing to work across our business on mitigation strategies, including working with customers and suppliers to manage possible impacts of changes in input costs, adjusting pricing, identifying operational efficiencies and making strategic investments where deemed appropriate. Although we ultimately believe that we are well positioned within our industry to weather periods of economic disruption, the scope, duration and carry over effects of the above factors are uncertain, rapidly changing and difficult to predict. Therefore, the extent and magnitude of the impact of these factors on our business, operating results and long-term liquidity position cannot be reliably estimated at this time.

Previous wording

Selected results of operations for the three months ended March 31, 2026 and March 31, 2025 were as follows:

Current wording

Selected results of operations for the three and six months ended June 30, 2026 and June 30, 2025 were as follows:

Previous wording

The increase in total revenue, net, for the three months ended March 31, 2026 (11.6%, or $242.8 million) was primarily due to positive operational performance across all reportable segments and a favorable impact from foreign currency translation of $96.2 million, as a result of the strengthening of the Swedish krona, euro and the British pound sterling against the U.S. Dollar when compared to prior year.

Current wording

The increase in total revenue, net, for the six months ended June 30, 2026 (6.9%, or $313.8 million) was primarily due to positive operational performance across all reportable segments and a favorable impact from foreign currency translation of $126.5 million, as a result of the strengthening of the Swedish krona, euro and the British pound sterling against the U.S. Dollar when compared to prior year.

Previous wording

The increase in total cost of sales for the three months ended March 31, 2026 (12.5%, or $240.0 million) was primarily due to increased trading activity for all reporting segments and an unfavorable impact from foreign currency translation. Additionally, in the Fresh Fruit segment, cost of sales increased due to higher fruit sourcing costs in bananas due to higher overall sourcing costs in the market and also in pineapples, particularly due to the strengthening of the Costa Rican Colón against the U.S. Dollar.

Current wording

The increase in total cost of sales for the six months ended June 30, 2026 (8.1%, or $334.0 million) was primarily due to increased trading activity for all reporting segments and an unfavorable impact from foreign currency translation. Additionally, in the Fresh Fruit segment, cost of sales increased due to higher fruit costs in bananas due to higher overall sourcing costs in the market, higher fruit sourcing costs in pineapples, due to a combination of the strengthening of the Costa Rican Colón against the U.S. Dollar resulting in increasing input costs, and more recently the impact of adverse weather conditions reducing supply. In addition, the impact of rising fuel costs has adversely impacted shipping costs.

Previous wording

The increase in total SMG&A for the three months ended March 31, 2026 (4.5%, or $5.4 million) was primarily due to the impact of foreign current translation in the period partially offset by benefit from a partial restructuring of our operations in the Diversified Fresh Produce – Americas & ROW segment.

Current wording

The increase in total SMG&A for the six months ended June 30, 2026 (12.2%, or $29.5 million) was primarily due to a non-recurring charge associated with the settlement of a historical legal matter and the impact of foreign current translation in the period partially offset by benefit from a partial restructuring of our operations in the Diversified Fresh Produce – Americas & ROW segment.

Previous wording

The gain on disposal of businesses for the three months ended March 31, 2026 was $1.2 million and was primarily due to the disposal of a controlling interest in a business in South Africa within the Diversified Fresh Produce – EMEA segment. We have retained an equity method investment in the business. The gain on disposal of businesses for the three months ended March 31, 2025 was $0.4 million and was primarily related to amounts that were released from escrow on the sale of our Progressive Produce business in 2024.

Current wording

There was an immaterial loss on disposal of businesses for the three months ended June 30, 2026. The gain on disposal of businesses for the six months ended June 30, 2026 was $1.2 million and was primarily due to the disposal of a controlling interest in a business in South Africa within the Diversified Fresh Produce – EMEA segment. We have retained an equity method investment in the business.

Previous wording

The gain on asset sales for the three months ended March 31, 2026 was $0.7 million and was primarily the result of the sale of certain properties in the Diversified Fresh Produce – Americas & ROW and Diversified Fresh Produce – EMEA segments, as well as the sale of certain property, plant and equipment across all reporting segments.

Current wording

The gain on asset sales for the three and six months ended June 30, 2026 was $0.7 million and $1.4 million, respectively, and was primarily the result of the sale of certain properties in the Diversified Fresh Produce – Americas & ROW and Diversified Fresh Produce – EMEA segments, as well as the sale of certain property, plant and equipment across all reportable segments.

Previous wording

The gain on asset sales for the three months ended March 31, 2025 was $3.8 million and was primarily the result of the sale of actively marketed land in Hawaii, part of the Fresh Fruit segment.

Current wording

The gain on asset sales for the three and six months ended June 30, 2025 was $9.3 million and $13.1 million, respectively, which was primarily the result of the sale of actively marketed land in Hawaii, part of the Fresh Fruit segment, as well as the sale of certain property, plant and equipment across all reportable segments.

Previous wording

The impairment and asset write-downs of property, plant and equipment and lease assets for the three months ended March 31, 2026 was $1.1 million and was related to asset write-downs of certain property, plant and equipment across all reportable segments. The impairment and asset write-downs of property, plant and equipment and lease assets for the three months ended March 31, 2025 was immaterial.

Current wording

The impairment and asset write-downs of property, plant and equipment and lease assets for the six months ended June 30, 2026 was $1.1 million, which was related to asset write-downs of certain property, plant and equipment across all reportable segments. The impairment and asset write-downs of property, plant and equipment and lease assets for the three months ended June 30, 2026 and three and six months ended June 30, 2025 was immaterial.

Previous wording

Other income (expense), net increased to income of $4.5 million in the three months ended March 31, 2026 from expense of $0.3 million in the three months ended March 31, 2025. The increase was primarily due to higher net unrealized gains on foreign currency denominated borrowings and higher net gains of other mark to market instruments, partially offset by higher net periodic costs from non-service components of pension and other postretirement benefit plans and other miscellaneous costs.

Current wording

Other income (expense), net increased to income of $3.9 million in the three months ended June 30, 2026 from expense of $18.7 million in the three months ended June 30, 2025. The increase was primarily due to higher net unrealized gains on foreign currency denominated borrowings (in comparison unrealized losses incurred in the prior year). The prior year was also negatively impacted by the incremental nonrecurring net expenses in connection with the Refinancing. These increases were offset partially by higher net losses of other mark to market instruments and higher net periodic costs from non-service components of pension and other postretirement benefit plans.

Previous wording

The increase in interest income for the three months ended March 31, 2026 (38.3%, or $1.2 million) was primarily due to interest income recognized on the seller note received as consideration for the Vegetables Transaction.

Current wording

The increase in interest income for the three months ended June 30, 2026 (47.8%, or $1.4 million) and six months ended June 30, 2026 (43.0%, or $2.6 million) was primarily due to interest income recognized on the seller note received as consideration for the Vegetables Transaction.

Previous wording

The decrease in interest expense for the three months ended March 31, 2026 (26.7%, or $4.6 million) was due to lower interest rates in the current year in comparison to the prior year.

Current wording

The decrease in interest expense for the six months ended June 30, 2026 (20.9%, or $7.3 million) was mainly due to lower effective interest rates in the current year in comparison to the prior year.

Previous wording

The Company recorded income tax expense of $22.0 million on $58.1 million of income from continuing operations before income taxes and equity earnings for the three months ended March 31, 2026, reflecting a 37.8% effective tax rate. The Company recorded income tax expense of $17.6 million on $53.4 million of income from continuing operations before income taxes and equity earnings for the three months ended March 31, 2025, reflecting a 32.9% effective tax rate.

Current wording

The Company recorded income tax expense of $14.8 million on $40.9 million of income from continuing operations before income taxes and equity earnings for the three months ended June 30, 2026, reflecting a 36.2% effective tax rate. The Company recorded income tax expense of $25.5 million on $69.9 million of income from continuing operations before income taxes and equity earnings for the three months ended June 30, 2025, reflecting a 36.5% effective tax rate.

Previous wording

Dole’s effective tax rate varies significantly from period to period due to the level, mix and seasonality of earnings generated in Ireland and its various foreign jurisdictions, including the U.S. For the three months ended March 31, 2026, the Company’s income tax expense differed from the Irish statutory rate of 12.5% primarily due to U.S. GILTI provisions of the Tax Act, U.S. Subpart F income inclusion, an increase in liabilities for uncertain tax positions, a net increase in valuation allowances, the impacts of Pillar Two and operations in foreign jurisdictions that are taxed at different rates than the Irish statutory tax rate. For the three months ended March 31, 2025, the Company’s income tax expense differed from the Irish statutory rate of 12.5% primarily due to U.S. GILTI provisions of the Tax Act, U.S. Subpart F income inclusion, a decrease in liabilities for uncertain tax positions, the impacts of Pillar Two and operations in foreign jurisdictions that are taxed at different rates than the Irish statutory tax rate.

Current wording

Dole’s effective tax rate varies significantly from period to period due to the level, mix and seasonality of earnings generated in Ireland and its various foreign jurisdictions, including the U.S. For the three and six months ended June 30, 2026, the Company’s income tax expense differed from the Irish statutory rate of 12.5% primarily due to U.S. NCTI provisions under Section 951A of the Internal Revenue Code, U.S. Subpart F income inclusion, an increase in liabilities for uncertain tax positions, a net increase in valuation allowances, the impacts of Pillar Two and operations in foreign jurisdictions that are taxed at different rates than the Irish statutory tax rate. For the three and six months ended June 30, 2025, the Company’s income tax expense differed from the Irish statutory rate of 12.5% primarily due to U.S. GILTI provisions of the Tax Act, U.S. Subpart F income inclusion, a decrease in liabilities for uncertain tax positions, the impacts of Pillar Two and operations in foreign jurisdictions that are taxed at different rates than the Irish statutory tax rate.

Previous wording

The Company’s net deferred tax liability is primarily related to acquired intangible assets and fair value adjustments resulting from the Merger and is net of deferred tax assets related to the U.S. federal interest disallowance carryforward, U.S. state and non-U.S. net operating loss carryforwards and other temporary differences. Dole maintains a valuation allowance against certain U.S. state and non-U.S. deferred tax assets. Each reporting period, the Company evaluates the need for a valuation allowance on deferred tax assets by jurisdiction and adjusts estimates as more information becomes available.

Current wording

The Company’s net deferred tax asset is primarily related to acquired intangible assets and fair value adjustments resulting from the Merger and is net of deferred tax assets related to the U.S. federal interest disallowance carryforward, U.S. state and non-U.S. net operating loss carryforwards and other temporary differences. Dole maintains a valuation allowance against certain U.S. state and non-U.S. deferred tax assets. Each reporting period, the Company evaluates the need for a valuation allowance on deferred tax assets by jurisdiction and adjusts estimates as more information becomes available.

Previous wording

On July 4, 2025, the U.S. OBBBA was enacted. Management is assessing the tax provisions of the OBBBA and its impacts on the Company. The effective dates of the provisions of the OBBBA are between 2025 and 2027. The impacts to Dole’s results of operations, financial position and cash flows were not material for the three months ended March 31, 2026. The Company will continue to evaluate the full impact of these legislative changes as additional guidance becomes available.

Current wording

On July 4, 2025, the U.S. OBBBA was enacted. Management is assessing the tax provisions of the OBBBA and its impacts on the Company. The effective dates of the provisions of the OBBBA are between 2025 and 2027. The impacts to Dole’s results of operations, financial position and cash flows were not material for the three and six months ended June 30, 2026. The Company will continue to evaluate the full impact of these legislative changes as additional guidance becomes available.

Previous wording

Equity method earnings decreased to $1.6 million in the three months ended March 31, 2026 from $8.3 million in the three months ended March 31, 2025. The prior year was positively impacted by a divestiture of a portion of ownership shares in an investment located in the U.S. in which the Company recognized a $6.9 million gain, net of income tax. On an underlying basis, there was a marginal increase of $0.2 million with an increase in earnings in joint ventures within the Fresh Fruit segment, partially offset by lower earnings in the Diversified Fresh Produce – EMEA segment.

Current wording

Equity method earnings decreased to $10.7 million in the six months ended June 30, 2026 from $16.8 million in the six months ended June 30, 2025. The prior year was positively impacted by a divestiture of a portion of ownership shares in an investment located in the U.S. in which the Company recognized a $6.9 million gain, net of income tax. On an underlying basis, there was an increase primarily due to improved performance across our joint ventures in the Fresh Fruit segment.

Previous wording

There was no current year activity from discontinued operations and the prior year impacts were not material.

Current wording

There was no current year activity from discontinued operations. Results from discontinued operations for the three and six months ended June 30, 2025 was a loss of $35.0 million and a loss of $34.9 million, respectively. The losses in the prior year were primarily related to adjustments of the carrying value of the Fresh Vegetables division to its estimated fair value, less costs to sell, in accordance with held-for-sale disposal group measurement guidance.

Previous wording

In the three months ended March 31, 2026, net income attributable to noncontrolling interests increased to $6.4 million from $5.2 million in the three months ended March 31, 2025. The prior year was impacted by the noncontrolling interest share of gain on disposal of an equity method investment as described above, the non-controlling interests share of mark-to-market gains on financial instruments as well as the impact of a discrete tax charge attributable to noncontrolling interests. On an underlying basis, there was an increase in the current year net income attributable to noncontrolling interests due to impact of foreign currency translation on translation of earnings of non-wholly owned companies in the Diversified Fresh Produce – EMEA segment.

Current wording

In the six months ended June 30, 2026, net income attributable to noncontrolling interests increased to $15.6 million from $13.3 million in the six months ended June 30, 2025. The prior year was impacted by the noncontrolling interest share of gain on disposal of an equity method investment as described above, the non-controlling interests share of mark-to-market gains on financial instruments as well as the impact of a discrete tax charge attributable to noncontrolling interests. On an underlying basis, there was an increase in the current year net income attributable to noncontrolling interests due to an increase in the non-controlling interests share of earnings in the Diversified Fresh Produce – Americas & ROW segment and in the Diversified Fresh Produce – EMEA segment, which included a positive benefit from currency translation.

Previous wording

Adjusted EBITDA is reconciled from net income by taking consolidated net income and (1) subtracting the income or adding the loss from discontinued operations, net of income taxes; (2) adding the income tax expense or subtracting the income tax benefit; (3) adding interest expense; (4) adding depreciation charges; (5) adding amortization charges on intangible assets; (6) adding mark to market losses or subtracting mark to market gains related to unrealized impacts from certain derivative instruments and foreign currency denominated borrowings, realized impacts on noncash settled foreign currency denominated borrowings, net foreign currency impacts on liquidated entities and fair value movements on contingent consideration; (7) other items which are separately stated based on materiality, which, during the three months ended March 31, 2026 and March 31, 2025, included subtracting the gain or adding the loss on the disposal of business interests, subtracting the gain or adding the loss on asset sales for assets held for sale and actively marketed property or sales-type leases, adding impairment charges or held for sale classification losses on property, plant and equipment and lease assets, subtracting interest income on deferred transaction consideration, adding acquisition and transaction costs and adding restructuring charges and costs for legal matters not in the ordinary course of business; and (8) the Company’s share of these items from equity method investments.

Current wording

Adjusted EBITDA is reconciled from net income by taking consolidated net income and (1) subtracting the income or adding the loss from discontinued operations, net of income taxes; (2) adding the income tax expense or subtracting the income tax benefit; (3) adding interest expense; (4) adding depreciation charges; (5) adding amortization charges on intangible assets; (6) adding mark to market losses or subtracting mark to market gains related to unrealized impacts from certain derivative instruments and foreign currency denominated borrowings, realized impacts on noncash settled foreign currency denominated borrowings, net foreign currency impacts on liquidated entities and fair value movements on contingent consideration; (7) other items which are separately stated based on materiality, which, during the three and six months ended June 30, 2026 and June 30, 2025, included subtracting the gain or adding the loss on the disposal of business interests, subtracting the gain or adding the loss on asset sales for assets held for sale and actively marketed property or sales-type leases, adding impairment charges or held-for-sale losses on property, plant and equipment and lease assets, adding or subtracting asset write-downs from extraordinary events, net of insurance proceeds, subtracting interest income on deferred transaction consideration, adding acquisition and transaction costs, adding restructuring charges and costs for legal matters not in the normal course of business and adding debt refinancing expenses; and (8) the Company’s share of these items from equity method investments.

Previous wording

The following tables illustrate the estimated impact of factors that have driven changes in segment revenues for the three months ended March 31, 2026, as compared to the three months ended March 31, 2025:

Current wording

The following tables illustrate the estimated impact of factors that have driven changes in segment revenues for the three and six months ended June 30, 2026, as compared to the three and six months ended June 30, 2025:

Previous wording

Changes in segment revenue and segment Adjusted EBITDA are described in more detail below, with focus on operational changes which we believe are more reflective of the Company’s performance in comparison to the prior year. Unless otherwise noted, the changes discussed below are for the three months ended March 31, 2026, as compared to the three months ended March 31, 2025.

Current wording

Changes in segment revenue and segment Adjusted EBITDA are described in more detail below, with focus on operational changes which we believe are more reflective of the Company’s performance in comparison to the prior year. Unless otherwise noted, the changes discussed below are for the three and six months ended June 30, 2026, as compared to the three and six months ended June 30, 2025.

Previous wording

The decrease in Fresh Fruit Adjusted EBITDA for the three months ended March 31, 2026 (17.0%, or $10.8 million) to $52.6 million was driven primarily by higher fruit costs in bananas due to higher overall sourcing costs in the market and higher fruit sourcing costs in pineapples, particularly due to the strengthening of the Costa Rican Colón against the U.S. Dollar.

Current wording

The decrease in Fresh Fruit Adjusted EBITDA for the six months ended June 30, 2026 (24.5%, or $33.3 million) to $102.8 million was driven primarily by higher fruit costs in bananas due to higher overall sourcing costs in the market and higher fruit sourcing costs in pineapples, due to a combination of the strengthening of the Costa Rican Colón against the U.S. Dollar resulting in increasing input costs, and more recently, the impact of adverse weather conditions reducing supply. In addition, the impact of rising fuel costs associated with the ongoing conflict in the Middle East has adversely impacted shipping costs in both North American and European markets.

Previous wording

The increase in Diversified Fresh Produce – EMEA Adjusted EBITDA for the three months ended March 31, 2026 (8.3%, or $2.3 million) to $30.0 million was primarily due to a favorable impact of $3.7 million from foreign currency translation, as well as strong performance in Scandinavia and Germany. These increases were partially offset by weaker performance in South Africa, the U.K. and the Netherlands. Excluding the impact of foreign currency translation and acquisitions and divestitures, Adjusted EBITDA was 5.1%, or $1.4 million, behind the prior year.

Current wording

The decrease in Diversified Fresh Produce – EMEA Adjusted EBITDA for the three months ended June 30, 2026 (6.2%, or $3.1 million) to $45.9 million was primarily due to weaker performance in South Africa, the Netherlands and Spain. These decreases were partially offset by a favorable impact of $1.5 million from foreign currency translation, as well as strong performance in Scandinavia. Excluding the impact of foreign currency translation and acquisitions and divestitures, Adjusted EBITDA was 8.2%, or $4.0 million, behind the prior year.

Previous wording

The increase in Diversified Fresh Produce – EMEA revenue, net, for the three months ended March 31, 2026 (14.6%, or $130.2 million) to $1.0 billion was primarily due to the favorable impact of foreign currency translation of $94.6 million, as a result of the strengthening of the Swedish krona, euro and the British pound sterling against the U.S. Dollar, as well as underlying growth in France and Germany. Excluding the impact of foreign currency translation, revenue was 4.0%, or $35.7 million, ahead of the prior year.

Current wording

The increase in Diversified Fresh Produce – EMEA revenue, net, for the six months ended June 30, 2026 (7.1%, or $140.9 million) to $2.1 billion was primarily due to the favorable impact of foreign currency translation of $124.5 million, as a result of the strengthening of the Swedish krona, euro and the British pound sterling against the U.S. Dollar, as well as underlying growth in Scandinavia, France and Germany. Excluding the impact of foreign currency translation, revenue was 0.8%, or $16.4 million, ahead of the prior year.

Previous wording

The increase in Diversified Fresh Produce – Americas & ROW revenue, net, for the three months ended March 31, 2026 (15.6%, or $56.6 million) to $420.0 million was primarily driven by higher volumes and positive pricing in our southern hemisphere export business, as well as higher volumes in our North America import and marketing businesses, offsetting lower pricing, primarily in avocados.

Current wording

The increase in Diversified Fresh Produce – Americas & ROW revenue, net, for the six months ended June 30, 2026 (14.7%, or $110.4 million) to $860.1 million was primarily driven by higher cherry volumes and positive pricing in our southern hemisphere export business products, as well as higher volumes in our North American business across a number of categories, offsetting marginally lower pricing, primarily in avocados.

Previous wording

The increase in Diversified Fresh Produce – Americas & ROW Adjusted EBITDA for the three months ended March 31, 2026 (28.7%, or $4.0 million) to $17.8 million was driven by a positive impact in our southern hemisphere export business, a good performance in our North America import and marketing businesses, in part supported by the benefit of a partial restructuring of our operations in the fourth quarter of 2025, as well as good performance in our joint ventures operations.

Current wording

The increase in Diversified Fresh Produce – Americas & ROW Adjusted EBITDA for the six months ended June 30, 2026 (31.4%, or $9.2 million) to $38.4 million was driven by a strong performance in our southern hemisphere export business, primarily due to higher volumes, as well as by a positive performance in our North American business, due to volume development in categories including kiwi and grapes, as well as by the benefit of a partial restructuring of our berry operations in the fourth quarter of 2025.

Previous wording

Over the upcoming year, as well as long-term, we believe that cash flow from operating activities, available cash and cash equivalents and access to borrowing facilities will be sufficient to fund any future capital expenditures, debt service, dividend payments and other capital requirements for the foreseeable future.

Current wording

In the next twelve months and beyond, we believe that cash flow from operating activities, available cash and cash equivalents and access to borrowing facilities will be sufficient to fund any future capital expenditures, debt service, dividend payments and other capital requirements for the foreseeable future.

Previous wording

The following table summarizes Dole’s consolidated cash flows for the three months ended March 31, 2026 and March 31, 2025:

Current wording

The following table summarizes Dole’s consolidated cash flows for the six months ended June 30, 2026 and June 30, 2025:

Previous wording

Cash flows used in operating activities were $22.5 million for the three months ended March 31, 2026, compared to cash flows used in operating activities of $78.8 million for the three months ended March 31, 2025. There were lower outflows from receivables in comparison to prior year, as the prior year was significantly impacted by the timing of collections related to the Chilean cherry season which accentuated the normal seasonal working capital receivables outflows as well as an incrementally higher benefit from securitization of trade receivables when compared to the prior year. There was also an increase in cash inflows in the current year from inventories. These impacts were partially offset by higher outflows in accounts payable, accrued liabilities and other liabilities due to seasonal timing of grower payables which were also accentuated by the timing of the cherry season.

Current wording

Cash flows used in operating activities were $8.5 million for the six months ended June 30, 2026, compared to cash flows used in operating activities of $60.4 million for the six months ended June 30, 2025. There were lower outflows from receivables in comparison to prior year, as the prior year was significantly impacted by the timing of collections related to the Chilean cherry season which accentuated the normal seasonal working capital receivables outflows as well as an incrementally higher benefit from securitization of trade receivables when compared to the prior year. There was also an increase in cash inflows in the current year from inventories primarily in the Fresh Fruit and Diversified Fresh Produce – Americas & ROW segments. These impacts were partially offset by higher outflows in accounts payable, accrued liabilities and other liabilities due to seasonal timing of grower payables which were also accentuated by the timing of the cherry season.

Previous wording

Cash flows used in investing activities were $10.8 million for the three months ended March 31, 2026, compared to cash flows used in investing activities of $31.8 million for the three months ended March 31, 2025. The decrease in cash used in investing activities was primarily attributable to lower cash capital expenditures in the current year as the prior year included expenditure on the buyout of two vessel finance leases of $36.1 million, partially offset by higher insurance proceeds of $15.8 million received in the prior year.

Current wording

Cash flows used in investing activities were $83.8 million for the six months ended June 30, 2026, compared to cash flows used in investing activities of $46.2 million for the six months ended June 30, 2025. The increase in cash used in investing activities was primarily attributable to the cash outflow related to the acquisition of noncontrolling interests associated with the Port Sale Transaction of $51.2 million, as well as higher insurance proceeds of $19.0 million received in the prior year. This net increase was offset by lower cash capital expenditures in the current year as the prior year included expenditure on the buyout of two vessel finance leases of $36.1 million.

Previous wording

Cash flows provided by financing activities were $40.5 million for the three months ended March 31, 2026, compared to $53.3 million provided by financing activities for the three months ended March 31, 2025. The decrease in cash provided by financing activities was primarily attributable to lower borrowings of debt, net of repayments, as well as the impacts of incremental outflows during the current year of $4.6 million for share repurchases and $3.1 million of tax paid for net settlement of share-based payments.

Current wording

Cash flows provided by financing activities were $119.5 million for the six months ended June 30, 2026, compared to $124.2 million provided by financing activities for the six months ended June 30, 2025. The decrease in cash provided by financing activities was primarily attributable to the impacts of incremental outflows during the current year of $14.6 million for share repurchases and $3.4 million of tax paid for net settlement of share-based awards, partially offset by higher borrowings of debt, net of repayments.

Previous wording

There were no cash taxes paid for the repatriation tax under Internal Revenue Code Section 965 in the three months ended March 31, 2026 and March 31, 2025. There are no repatriation tax payments expected for the remainder of fiscal year 2026 or beyond fiscal year 2026.

Current wording

There were no cash taxes paid for the repatriation tax under Internal Revenue Code Section 965 in the six months ended June 30, 2026 and $16.9 million of cash taxes paid for the repatriation tax under Internal Revenue Code Section 965 for the six months ended June 30, 2025. There are no repatriation tax payments expected for the remainder of fiscal year 2026 or beyond fiscal year 2026.

Previous wording

As of March 31, 2026, we had derecognized trade receivables related to non-recourse facilities and facilities with recourse provisions of $26.3 million and $255.0 million, respectively. As of December 31, 2025, we had derecognized trade receivables related to non-recourse facilities and facilities with recourse provisions of $24.2 million and $222.9 million, respectively.

Current wording

As of June 30, 2026, we had derecognized trade receivables related to non-recourse facilities and facilities with recourse provisions of $26.6 million and $255.0 million, respectively. As of December 31, 2025, we had derecognized trade receivables related to non-recourse facilities and facilities with recourse provisions of $24.2 million and $222.9 million, respectively.

Previous wording

As of March 31, 2026, there were no material changes in our commitments, contractual arrangements or contingencies as compared to those in described in our Annual Report on Form 10-K. Refer to Note 16 “Contingencies” to the unaudited condensed consolidated financial statements included herein for further detail on Dole’s contingencies.

Current wording

As of June 30, 2026, other than as described in Note 16 “Contingencies” to the unaudited condensed consolidated financial statements included herein, there were no material changes in our commitments, contractual arrangements or contingencies as compared to those in described in our Annual Report on Form 10-K. Refer to Note 16 “Contingencies” for further detail on Dole’s contingencies.

Previous wording

During the three months ended March 31, 2026, the Company repurchased 306,570 Ordinary shares at an average price of $15.13 per share, totaling $4.6 million. As of March 31, 2026, approximately $95.4 million remained available for repurchase under the Share Repurchase Program.

Current wording

During the three and six months ended June 30, 2026, the Company repurchased 719,290 and 1,025,860 Ordinary shares at an average price of $13.88 and $14.25 per share, totaling $10.0 million and $14.6 million, respectively. As of June 30, 2026, approximately $85.4 million remained available for repurchase under the Share Repurchase Program.