Dole plc

Listed Company

DOLECIK 0001857475NYSELarge AcceleratedAgricultural Production-CropsIE

Period

FY 2025

Revenue

$9.17B

Net Income

$51.32M

Total Assets

$4.40B

Equity

$1.36B

Shares Out

95.16M

Op. Cash Flow

$123.21M

Business

Dole plc sells and markets fresh fruits and related produce products worldwide. It offers bananas, pineapples, plantains, avocados, kiwis, apples, berries, cherries and other fresh fruits, and previously operated a Fresh Vegetables division that is in an exit process; it also provides commercial cargo transport capacity on company-owned vessels. The company operates through three reportable segments: Fresh Fruit, Diversified Fresh Produce - EMEA and Diversified Fresh Produce - Americas & ROW. Dole distributes products through retail, wholesale and food service channels across North America, Europe, Latin America, Asia and other global markets.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenue from Contract with Customer, Excluding Assessed Tax	9,173	8,475	8,245
Cost of sales	−8,459	−7,758	−7,551
Gross profit	714	718	694
Selling, marketing, general and administrative expenses	−495	−474	−474
Gain on disposal of businesses	606,000	76	0
Impairment and asset write-downs of property, plant and equipment and lease assets	−12	−5	−2
Net gain on sale of assets	−15	−3	−54
Operating income	223	281	272
Other (expense) income, net	−2	21	5
Interest income	13	11	10
Interest expense	−67	−72	−81
Income from continuing operations before income taxes and equity earnings	168	240	206
Income tax expense	−71	−76	−44
Equity method earnings	31	8	15
Income from continuing operations	128	172	178
Loss from discontinued operations, net of income taxes	−46	−29	−22
Net income	82	143	156
Less: Net income attributable to noncontrolling interests	31	18	32
Net income attributable to Dole plc	51	126	124
Income (Loss) from Continuing Operations, Per Basic Share	1.02	1.63	1.54
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	−0.48	−0.31	−0.23
Net income (loss) per share attributable to Dole plc - basic (in USD per share)	0.54	1.32	1.31
Income (Loss) from Continuing Operations, Per Diluted Share	1.01	1.62	1.53
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	−0.48	−0.3	−0.23
Net income (loss) per share attributable to Dole plc - diluted (in USD per share)	0.53	1.32	1.3
Weighted average shares outstanding - basic (in shares)	95	95	95
Weighted average shares outstanding - diluted (in shares)	96	95	95
Impairment charge	0	−37	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	268	330	—	—
Short-term investments	6	6	—	—
Trade receivables, net of allowances for credit losses of $20,558 and $19,493, respectively	540	474	—	—
Grower advance receivables, net of allowances of $37,915 and $29,304, respectively	143	105	—	—
Other receivables, net of allowances of $17,027 and $15,248, respectively	121	126	—	—
Inventories, net of allowances of $3,659 and $4,178, respectively	509	430	—	—
Prepaid expenses	70	69	—	—
Other current assets	18	15	—	—
Fresh Vegetables current assets held for sale	0	282	—	—
Asset, Held-for-Sale, Not Part of Disposal Group, Other, Current	76	1	—	—
Total current assets	1,752	1,838	—	—
Long-term investments	14	15	—	—
Investments in unconsolidated affiliates	142	129	—	—
Actively marketed property	53	46	14	—
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	1,082	1,120	—	—
Operating lease right-of-use assets	371	342	—	—
Goodwill	434	430	513	—
DOLE brand	306	306	—	—
Other intangible assets, net of accumulated amortization of $133,022 and $118,956, respectively	19	25	—	—
Other assets	134	113	—	—
Deferred tax assets, net	89	82	—	—
Total assets	4,396	4,446	—	—
Accounts payable	712	649	—	—
Income taxes payable	22	43	—	—
Accrued liabilities	518	443	—	—
Bank overdrafts	10	11	—	—
Current portion of long-term debt, net	58	80	—	—
Current maturities of operating leases	71	64	—	—
Payroll and other tax	36	28	—	—
Contingent consideration	3	3	—	—
Pension and postretirement benefits	19	18	—	—
Fresh Vegetables current liabilities held for sale	0	214	—	—
Liabilities held for sale	14	0	—	—
Dividends payable and other current liabilities	31	15	—	—
Total current liabilities	1,494	1,569	—	—
Long-term debt, net	800	866	—	—
Operating leases, less current maturities	307	281	—	—
Deferred tax liabilities, net	90	85	—	—
Income taxes payable, less current portion	0	6	—	—
Contingent consideration, less current portion	500,000	4	—	—
Pension and postretirement benefits, less current portion	136	130	—	—
Other long-term liabilities	67	70	—	—
Total liabilities	2,894	3,011	—	—
Common stock, shares authorized (in shares)	300	300	—	—
Common stock par value (in USD per share)	0.01	0.01	—	—
Common stock, shares outstanding (in shares)	95	95	95	—
Redeemable noncontrolling interests	30	36	—	—
Common stock $0.01 par value; 300,000 shares authorized and 95,163 and 95,041 shares outstanding as of December 31, 2025 and December 31, 2024, respectively	952,000	950,000	—	—
Additional paid-in capital	804	801	—	—
Retained earnings	676	657	—	—
Accumulated other comprehensive loss	−117	−166	—	—
Total equity attributable to Dole plc	1,364	1,293	—	—
Equity attributable to noncontrolling interests	108	106	—	—
Total equity	1,472	1,399	1,387	1,287
Total liabilities, redeemable noncontrolling interests and equity	4,396	4,446	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Depreciation and amortization	113	99	104
Gain (Loss) on Disposition of Stock in Subsidiary	−606,000	−76	0
Unrealized Gain (Loss) on Investments	20	−12	2
Stock-based compensation expense	7	8	6
Amortization of debt discounts and debt issuance costs	4	8	6
Deferred tax expense (benefit)	13	−18	−13
Pension and other postretirement benefit plan expense	7	5	8
Dividends received from equity method investees	13	7	9
Insured Event, Gain (Loss)	−17	—	—
Other	363,000	−247,000	47,000
Receivables, net of allowances	−125	−21	59
Inventories	68	71	−21
Prepaids, other current assets and other assets	3	−281,000	−28
Accounts payable, accrued liabilities and other liabilities	60	131	13
Cash Provided by (Used in) Operating Activity, Continuing Operation	123	263	299
Sales of assets	14	5	84
Capital expenditures	−121	−82	−78
Proceeds from Sales of Business, Affiliate and Productive Assets	69	118	0
Proceeds from sale of businesses, net of transaction costs and cash transferred	−2	−926,000	−1
Insurance proceeds	20	527,000	1
Sales (purchases) of unconsolidated affiliates	3	−2	1
Other	−276,000	−3	−1
Net Cash Provided by (Used in) Investing Activities, Continuing Operations, Total	−19	36	5
Proceeds from borrowings and overdrafts	1,838	1,517	1,408
Repayments on borrowings and overdrafts and payment of debt refinancing fees	−1,927	−1,696	−1,576
Dividends paid to shareholders	−32	−31	−30
Dividends paid to noncontrolling interests and other noncontrolling interest activity, net	−28	−27	−30
Payments of contingent consideration	3	2	2
Net cash used in financing activities - continuing operations	−151	−238	−230
Effect of foreign currency exchange rate changes on cash	18	−15	5
Net cash (used in) provided by operating activities - discontinued operations	−28	23	−23
Net cash used in investing activities - discontinued operations	−7	−13	−8
Cash (used in) provided by discontinued operations, net	−35	9	−31
(Decrease) increase in cash and cash equivalents	−64	55	48
Income tax payments, including discontinued operations, net of refunds	−100	−78	−64
Interest payments on borrowings	−64	−67	−82
Accrued property, plant and equipment	−3	−3	−1

Filings

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