Fresh Del Monte Produce Inc. reported its financial results for the fourth quarter and full fiscal year ended December 26, 2025. The company's net sales for the fourth quarter of 2025 were $1,019.5 million, representing an increase from the previous year's net sales of $1,013.2 million. Adjusted net sales for the fourth quarter of 2025, excluding the impact of the divestiture of Mann Packing, were $968.2 million.
Gross profit for the fourth quarter of 2025 was $106.0 million, showing an increase from the previous year's gross profit of $68.7 million. The operating income for the fourth quarter of 2025 was $46.0 million, compared to the previous year's operating income of $30.3 million. Furthermore, the company's net income for the fourth quarter of 2025 was $31.9 million, while the adjusted net income was reported to be $33.2 million.
For the full fiscal year 2025, Fresh Del Monte Produce Inc. reported net sales of $4,322.3 million, representing an increase from the previous year's net sales of $4,280.2 million. Adjusted net sales for the full fiscal year 2025 were $4,097.5 million. The company's gross profit for the full fiscal year 2025 was $399.1 million, compared to the previous year's gross profit of $357.9 million. The operating income for the full fiscal year 2025 was $137.4 million, while the adjusted operating income was reported to be $221.9 million. The net income for the full fiscal year 2025 was $90.7 million, and the adjusted net income was reported to be $177.7 million.
In terms of business segments, the Fresh and Value-Added Products segment reported net sales of $605.6 million for the fourth quarter of 2025, showing a decrease from the previous year. However, the Banana segment reported an increase in net sales to $358.7 million for the same period. For the full fiscal year 2025, the Fresh and Value-Added Products segment reported net sales of $2,621.9 million, representing an increase from the previous year. Similarly, the Banana segment reported an increase in net sales to $1,490.4 million for the same period.
The company also highlighted its cash flow, reporting net cash provided by operating activities for the full fiscal year 2025 as $245.1 million. Additionally, the long-term debt at the end of 2025 was reported to be $173.0 million.
Fresh Del Monte Produce Inc. declared a quarterly cash dividend of $0.30 per share, payable on March 27, 2026. Furthermore, during the fourth quarter of 2025, the company repurchased 410,409 shares of common stock for $15.0 million at an average price of $36.56 per share. As of December 26, 2025, $120.2 million remained available under the current share repurchase authorization. As a result of these announcements, the company's shares have moved -3.88% on the market, and are now trading at a price of $36.94. For the full picture, make sure to review FRESH DEL MONTE PRODUCE INC's 8-K report.
