Dole (NYSE:DOLE) reported a 9.2% increase in fourth-quarter revenue on Wednesday, reaching $2.4 billion, as the company’s diversified fresh produce segments successfully offset cost pressures in its tropical fruit division.
The Dublin-based company posted net income of $6 million for the quarter, while adjusted EBITDA of $72.7 million came in ahead of market expectations.
The results cap a transformative fiscal year 2025, during which Dole reported total revenue of $9.2 billion—an 8.2% increase over the previous year.
For the full year, net income reached $82 million, or $0.53 per diluted share.
Management noted that the performance was bolstered by robust growth in the Diversified Fresh Produce segments across the Americas and EMEA regions, which helped balance a decline in the Fresh Fruit segment caused by higher sourcing costs and weather disruptions in Central America.
Accompanying the financial results, Dole announced a definitive agreement to sell its port assets and operations in Guayaquil, Ecuador, to Terminal Investment Limited Holding S.A.
The transaction is expected to yield net proceeds of approximately $75 million.
Under the terms of the deal, Dole will transition from owner to user, maintaining a separate agreement for terminal services to ensure no disruption to its core banana and pineapple supply chains.
Looking toward fiscal 2026, Dole issued an optimistic outlook, targeting adjusted EBITDA of at least $400 million.