DUBLIN - Dole plc released its financial results for the three months ended March 31, 2025.

Highlights for the three months ended March 31, 2025:

• Good first quarter performance, positioning the Company to deliver a strong full year result for 2025
• Revenue of $2.1 billion, a decrease of 1.0% (an increase of 4.2% on a like-for-like basis1)
• Net Income decreased to $44.2 million, primarily due to the benefit of an exceptional net gain on the disposal of Progressive Produce recorded in the prior period
• Adjusted EBITDA2 of $104.8 million, a decrease of 4.8% (a decrease of 2.0% on a like-for-like basis)
• Adjusted Net Income2 of $33.1 million and Adjusted Diluted EPS of $0.35
• Quarterly dividend increased by 6.25% to 8.5 cent per share
• Post quarter end, successfully completed $1.2 billion refinance of credit facilities

Commenting on the results, Carl McCann, Executive Chairman, said:

“We are pleased to report another good performance for the first quarter of the 2025 financial year. Group revenue increased 4.2% on a like for like basis and we delivered $104.8 million of Adjusted EBITDA, surpassing our initial projections.

Post quarter end, we successfully completed the refinance of our credit facilities. This refinancing provides enhanced financial flexibility to support our growth initiatives.

Today, we have declared an 8.5 cent dividend for the first quarter, a 6.25% increase. For the current financial year, although the economic environment remains unpredictable, we are pleased to announce an upward revision of our guidance and are now targeting full year Adjusted EBITDA of at least $380.0 million.”

View the full report here.