Dole continuously reviews its assets and businesses in order to identify those that do not meet Dole’s future strategic direction or internal economic return criteria. As a result of this review, Dole has identified and is in the process of selling certain assets and businesses which are classified as either held for sale or actively marketed property. The assets and businesses that have been identified are available for sale in their present condition and an active program is underway to sell them. For items classified as held for sale, their sale is anticipated to occur during the ensuing year, while the timing of the sale of property specifically classified as actively marketed (generally land) is uncertain.

On December 13, 2025, the Company entered into the Port Sale Transaction and committed to a plan to sell the Port disposal group, which is included in the Fresh Fruit reportable segment. As a result, the related assets and liabilities met the criteria for classification as held for sale as of December 31, 2025. Management expects the sale to be completed during the second quarter of 2026, subject to the Port Sale closing conditions. See Note 4 “Acquisitions and Divestitures” for additional detail.

Upon classification as held for sale, the Port disposal group was measured at the lower of carrying value and fair value, less cost to sell. As of March 31, 2026, assets and liabilities held for sale related to the Port disposal group were $77.7 million and $16.3 million, respectively. As of December 31, 2025, assets and liabilities held for sale related to the Port disposal group were $74.1 million and $14.0 million, respectively.

During the three months ended March 31, 2026, Dole sold buildings in the Diversified Fresh Produce – EMEA segment and land in the Diversified Fresh Produce – Americas & ROW segment with a net book value of $0.9 million, in the aggregate, at a total net gain of $0.1 million. During the three months ended March 31, 2025, Dole sold machinery and equipment in the Diversified Fresh Produce – Americas & ROW segment with a net book value of $0.6 million at a total gain of $0.4 million.


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2025	$	75,689
Reclassifications related to the Ecuador Port Transaction	3,655
Sales	(839)
Foreign exchange impact	1
Balance as of March 31, 2026	$	78,506

The major classes of assets related to the Port disposal group included in assets held for sale in the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025 were as follows:


	March 31, 2026		December 31, 2025
	(U.S. Dollars in thousands)
Trade receivables, net of allowances for credit losses	$	11,857	$	11,075
Other current assets	1,900		1,888
Property, plant and equipment, net	42,480		40,055
Operating lease right-of-use assets	4,392		3,805
Goodwill	16,000		16,000
Other assets	1,102		1,252
Total Assets Held for Sale	$	77,731	$	74,075

As of March 31, 2026 and December 31, 2025, the remainder of other assets held for sale is comprised entirely of property, plant and equipment, net.

As of March 31, 2026 and December 31, 2025, total liabilities held for sale were $16.3 million and $14.0 million, respectively. A rollforward of liabilities held for sale for the three months ended March 31, 2026 in the condensed consolidated balance sheets was as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2025	$	14,047
Reclassifications related to the Ecuador Port Transaction	2,284
Balance as of March 31, 2026	$	16,331

The major classes of liabilities related to the Port disposal group included in liabilities held for sale in the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025 were as follows:


	March 31, 2026		December 31, 2025
	(U.S. Dollars in thousands)
Accounts payable and accrued liabilities	$	5,880	$	5,585
Operating lease liabilities	3,956		3,814
Pension and postretirement benefits	6,495		4,648
Total Liabilities Held for Sale	$	16,331	$	14,047

As of March 31, 2026 and December 31, 2025, actively marketed property was $53.2 million and consisted entirely of land in Hawaii in the Fresh Fruit reportable segment. No actively marketed property was sold during the the three months ended March 31, 2026. In the three months ended March 31, 2025, Dole sold actively marketed Hawaii land, with a net book value of $0.4 million, at a total gain of $2.4 million.