Dole Posts 8.2% Revenue Growth to $9.2B, Boosts EBITDA to $395M
Dole reported FY 2025 revenue of $9.2B, up 8.2%, and Adjusted EBITDA of $395.4M, surpassing guidance. Net debt fell by $30.7M to $606.5M as board approved up to $100M share repurchases and agreed to sell Ecuador port assets for ~$75M.
1. Financial Results Overview
Dole achieved fourth quarter revenue of $2.4B, up 9.2%, with net income of $6.0M and Adjusted EBITDA of $72.7M. For fiscal 2025, revenue reached $9.2B, an 8.2% increase year-over-year, with net income of $82.0M and Adjusted EBITDA of $395.4M, exceeding guidance.
2. Balance Sheet and Capital Returns
As of December 31, 2025, net debt declined by $30.7M to $606.5M, resulting in net leverage of 1.5x. The board authorized a $100M share repurchase program and struck an agreement to sell Ecuador port assets for approximately $75M in net proceeds.
3. Strategic Initiatives and Outlook
During 2025, Dole completed the sale of its Fresh Vegetables business and transitioned to U.S. domestic issuer filings to target further index inclusion. Management now aims for at least $400M in Adjusted EBITDA for fiscal 2026, reflecting continued operational momentum.