Group delivered strong operational results in 2025, with revenue climbing 8.2 per cent despite net income declining due to one-off factors
Dole has released its full-year results for 2025, with the group describing its performance as “robust”.
Revenue increased 8.2 per cent year-on-year, or US$697.6mn, primarily due to strong operational performances across all segments and a favourable impact from foreign currency translation of US$169.4mn.
These positive impacts were partially offset by a net negative impact from acquisitions and divestitures of US$111mn, Dole outlined.
On a like-for-like basis, revenue increased 7.5 per cent, or US$639.2mn.
Adjusted EBITDA increased 0.8 per cent, primarily due to good performance in the Diversified Fresh Produce – Americas & ROW and Diversified Fresh Produce – EMEA segments as well as a favourable impact of foreign currency translation of US$7.2mn.
Net income decreased to US$82mn from US$143.4mn in 2024, it said, with the prior year benefitting from a gain on the disposal of the Progressive Produce business.
Dole explained that 2025 was impacted by a higher loss in discontinued operations, non-cash fair value losses on financial instruments, a non-cash discrete tax charge and impairment charges on assets, primarily those excluded from the disposal of the Fresh Vegetables division.
Net income attributable to Dole dropped from US$125.5mn in 2024 to US$51.3mn last year.
“We are very pleased to deliver a strong operating result for the year, with adjusted EBITDA of US$395mn, surpassing our most recent guidance,” said executive chairman Carl McCann.
”In 2025, the group achieved several significant strategic milestones, including the sale of the Fresh Vegetables business, the initiation of a US$100mn share repurchase programme, and our transition to US Domestic Issuer filings as we target further index inclusion.
“The group continues to demonstrate strong operational momentum,” he added. ”For the coming financial year, we are targeting adjusted EBITDA of at least US$400mn.”
Click here for Dole’s complete fourth quarter and full-year results
