Exhibit 99.1    
FOR IMMEDIATE RELEASE darlingingredientslogoa.jpg
October 28, 2026


Darling Ingredients Inc. Reports Third Quarter 2026 Results

•Net income attributable to Darling of $267.0 million, or $1.67 per GAAP diluted share, compared to net income attributable to Darling of $19.4 million, or $0.12 per GAAP diluted share for the third quarter 2025  
•Total net sales were $1.8 billion, compared to $1.6 billion for third quarter 2025    
•Combined Adjusted EBITDA was $514.3 million, compared to $244.9 million for third quarter 2025     
•Received $171.0 million in cash distributions from Diamond Green Diesel (DGD)
•Reduced net debt by approximately $420 million 
•Repurchased $75.9 million in common stock in third quarter   

IRVING, TEXAS - Darling Ingredients Inc. (NYSE: DAR) today reported net income attributable to Darling of $267.0 million or $1.67 per GAAP diluted share for the third quarter of 2026, compared to net income attributable to Darling of $19.4 million, or $0.12 per GAAP diluted share, for the third quarter of 2025. The company also reported total net sales of $1.8 billion for the third quarter of 2026, compared with total net sales of $1.6 billion for the same period a year ago.

“Our core business delivered another quarter of exceptional performance, demonstrating its resilience and strong cash flow generation,” said Randall C. Stuewe, Chairman and Chief Executive Officer. “This financial strength, bolstered by substantial cash from Diamond Green Diesel, enabled us to realize a $420 million reduction in net debt and return capital to our shareholders. With a strong balance sheet and a great outlook, the momentum is undeniable as we position the company for a successful 2027.”

For the nine months ended Oct. 3, 2026, the company reported net income attributable to Darling of $788.6 million, or $4.91 per GAAP diluted share, compared to a net income attributable to Darling of $5.9 million, or $0.04 per GAAP diluted share for the same period a year ago. Net sales for the first nine months of 2026 were $5.1 billion, compared to $4.4 billion for the same period in 2025.

In the three months ended Sept. 30, 2026, DGD sold/shipped 314.9 million gallons of renewable fuels. For the nine months ended Sept. 30, 2026, DGD sold/shipped 936.1 million gallons of renewable fuels. As determined on a stand-alone basis by Darling Ingredients, DGD Adjusted EBITDA per gallon for the three months ended Sept. 30, 2026, was $1.30. As determined on a stand-alone basis by Darling Ingredients, DGD Adjusted EBITDA per gallon for the nine months ended Sept. 30, 2026, was $1.59. The company received approximately $33.4 million in dividends and approximately $137.6 million from Production Tax Credit sales from DGD in the third quarter.

Combined Adjusted EBITDA for the third quarter of 2026 was $514.3 million, compared to $244.9 million for the same period in 2025. For the first nine months ending Oct. 3, 2026, combined adjusted EBITDA was approximately $1.7 billion, compared to $690.2 million for the same period in 2025.

As of October 3, 2026, Darling Ingredients had $121.7 million in cash and cash equivalents, and $1.7 billion available under its committed revolving credit agreement. Total debt outstanding as of Oct. 3, 2026, was $3.5 billion. The preliminary leverage ratio as measured by the company’s bank covenant was 1.7X as of Oct. 3, 2026. During the quarter, the company repurchased $75.9 million of its common stock, bringing its repurchases through the third quarter to $149.4 million. Capital expenditures were approximately $343.5 million year-to-date 2026. The company estimates capital expenditures to be approximately $450.0 million for fiscal year 2026.

Driven by an ongoing focus on deleveraging and confidence in the cash-generating power of its global operations, the company anticipates ending fiscal year 2026 with net debt at or below $3.0 billion, with a leverage ratio below 1.5X. Reflecting this financial strength, Darling Ingredients reaffirms fiscal year 2026 Combined Adjusted EBITDA guidance of $2.2-$2.3 billion, positioning the business to carry strong momentum into 2027.
Page 1



Darling Ingredients Inc. and Subsidiaries
Consolidated Statements of Operations
For the Three and Nine Months Ended October 3, 2026 and September 27, 2025
(in thousands, except per share data, unaudited)

Three Months EndedNine Months Ended
$ Change$ Change
October 3,September 27,FavorableOctober 3,September 27,Favorable
20262025(Unfavorable)20262025(Unfavorable)
Net sales to third parties$1,359,115 $1,221,846 $137,269 $3,971,868 $3,574,476 $397,392 
Net sales to related party - Diamond Green Diesel432,001 342,120 89,881 1,094,147 851,602 242,545 
Total net sales1,791,116 1,563,966 227,150 5,066,015 4,426,078 639,937 
Costs and expenses:
Cost of sales and operating expenses (excludes depreciation and amortization, shown separately below)1,313,572 1,176,957 (136,615)3,680,177 3,381,801 (298,376)
(Gain)/loss on sale of assets572 (375)(947)659 639 (20)
Selling, general and administrative expenses166,893 139,594 (27,299)466,910 399,219 (67,691)
Restructuring and asset impairment charges— — — 4,297 — (4,297)
     Acquisition and integration costs5,782 6,156 374 23,970 11,073 (12,897)
Change in fair value of contingent consideration995 — (995)995 18,024 17,029 
Depreciation and amortization135,667 124,064 (11,603)396,756 368,961 (27,795)
Total costs and expenses1,623,481 1,446,396 (177,085)4,573,764 4,179,717 (394,047)
Equity in net income/(loss) of Diamond Green Diesel165,636 (45,844)211,480 623,029 (70,367)693,396 
Operating income333,271 71,726 261,545 1,115,280 175,994 939,286 
Other expense:
Interest expense(51,460)(56,925)5,465 (161,103)(166,765)5,662 
Loss on early retirement of debt— — — — (2,978)2,978 
Foreign currency gain462 1,067 (605)3,813 1,018 2,795 
Gain on sale of businesses63,473 1,686 61,787 63,473 1,686 61,787 
Other expense, net(3,000)(1,024)(1,976)(7,928)(4,217)(3,711)
Total other income/(expense)9,475 (55,196)64,671 (101,745)(171,256)69,511 
Equity in net income of other unconsolidated subsidiaries2,377 3,277 (900)7,177 8,431 (1,254)
Income from operations before income taxes345,123 19,807 325,316 1,020,712 13,169 1,007,543 
Income tax expense/(benefit)76,810 (1,248)(78,058)226,074 1,663 (224,411)
Net income268,313 21,055 247,258 794,638 11,506 783,132 
Net income attributable to noncontrolling interests(1,327)(1,692)365 (6,027)(5,642)(385)
Net income attributable to Darling$266,986 $19,363 $247,623 $788,611 $5,864 $782,747 
Basic income per share:$1.70 $0.12 $1.58 $4.98 $0.04 $4.94 
Diluted income per share:$1.67 $0.12 $1.55 $4.91 $0.04 $4.87 
Number of diluted common shares:160,134 159,947 160,598 160,067 








Page 2




Segment Financial Tables (in thousands, unaudited)
Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Three Months Ended October 3, 2026
Total net sales$1,206,702 $415,798 $168,616 $— $1,791,116 
Cost of sales and operating expenses872,753 305,541 135,278 — 1,313,572 
Gross margin333,949 110,257 33,338 — 477,544 
Loss/(gain) on sale of assets287 317 (32)— 572 
Selling, general and administrative expenses85,953 36,126 9,628 35,186 166,893 
Acquisition and integration costs— — — 5,782 5,782 
Change in fair value of contingent consideration995 — — — 995 
Depreciation and amortization95,875 29,018 9,046 1,728 135,667 
Equity in net income of Diamond Green Diesel— — 165,636 — 165,636 
Segment operating income/(loss)$150,839 $44,796 $180,332 $(42,696)$333,271 
Equity in net income of other unconsolidated subsidiaries2,377 — — — 2,377 
Segment income/(loss)153,216 44,796 180,332 (42,696)335,648 
— 
Segment Adjusted EBITDA (Non-GAAP)$247,709 $73,814 $23,742 $(35,186)$310,079 
DGD Adjusted EBITDA (Darling's Share) (Non-GAAP)— — 204,205 — 204,205 
Combined Adjusted EBITDA (Non-GAAP)$247,709 $73,814 $227,947 $(35,186)$514,284 
Reconciliation of Net Income/(Loss) to (Non-GAAP) Segment Adjusted EBITDA and (Non-GAAP) Combined Adjusted EBITDA:
Net income/(loss) attributable to Darling$153,216 $44,796 $180,332 $(111,358)$266,986 
Net income attributable to noncontrolling interests— — — 1,327 1,327 
Income tax expense— — — 76,810 76,810 
Interest expense— — — 51,460 51,460 
Gain on sale of businesses— — — (63,473)(63,473)
Foreign currency gain— — — (462)(462)
Other expense, net— — — 3,000 3,000 
Segment income/(loss)$153,216 $44,796 $180,332 $(42,696)$335,648 
Acquisition and integration costs— — — 5,782 5,782 
Change in fair value of contingent consideration995 — — — 995 
Depreciation and amortization95,875 29,018 9,046 1,728 135,667 
Equity in net income of Diamond Green Diesel— — (165,636)— (165,636)
Equity in net income of other unconsolidated subsidiaries(2,377)— — — (2,377)
Segment Adjusted EBITDA (Non-GAAP)$247,709 $73,814 $23,742 $(35,186)$310,079 
DGD Adjusted EBITDA (Darling's Share) (Non-GAAP) *— — 204,205 — 204,205 
Combined Adjusted EBITDA (Non-GAAP)$247,709 $73,814 $227,947 $(35,186)$514,284 
*See reconciliation of DGD Net Income/(Loss) to (Non-GAAP) DGD Adjusted EBITDA below the DGD Consolidated Statements of Operations

Page 3

Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Three Months Ended September 27, 2025
Total net sales$1,029,115 $380,574 $154,277 $— $1,563,966 
Cost of sales and operating expenses779,306 275,751 121,900 — 1,176,957 
Gross margin249,809 104,823 32,377 — 387,009 
Gain on sale of assets(125)(65)(185)— (375)
Selling, general and administrative expenses75,938 33,250 8,077 22,329 139,594 
Acquisition and integration costs— — — 6,156 6,156 
Depreciation and amortization83,590 29,839 9,129 1,506 124,064 
Equity in net loss of Diamond Green Diesel— — (45,844)— (45,844)
Segment operating income/(loss)$90,406 $41,799 $(30,488)$(29,991)$71,726 
Equity in net income of other unconsolidated subsidiaries3,277 — — — 3,277 
Segment income/(loss)93,683 41,799 (30,488)(29,991)75,003 
Segment Adjusted EBITDA (Non-GAAP)$173,996 $71,638 $24,485 $(22,329)$247,790 
DGD Adjusted EBITDA (Darling's Share) (Non-GAAP)— — (2,884)— $(2,884)
Combined Adjusted EBITDA (Non-GAAP)$173,996 $71,638 $21,601 $(22,329)$244,906 
Reconciliation of Net Income/(Loss) to (Non-GAAP) Segment Adjusted EBITDA and (Non-GAAP) Combined Adjusted EBITDA:
Net income/(loss) attributable to Darling$93,683 $41,799 $(30,488)$(85,631)$19,363 
Net income attributable to noncontrolling interests— — — 1,692 1,692 
Income tax benefit— — — (1,248)(1,248)
Interest expense— — — 56,925 56,925 
Gain on sale of businesses— — — (1,686)(1,686)
Foreign currency gain— — — (1,067)(1,067)
Other expense, net— — — 1,024 1,024 
Segment income/(loss)$93,683 $41,799 $(30,488)$(29,991)$75,003 
Acquisition and integration costs— — — 6,156 6,156 
Depreciation and amortization83,590 29,839 9,129 1,506 124,064 
Equity in net loss of Diamond Green Diesel— — 45,844 — 45,844 
Equity in net income of other unconsolidated subsidiaries(3,277)— — — (3,277)
Segment Adjusted EBITDA (Non-GAAP)$173,996 $71,638 $24,485 $(22,329)$247,790 
DGD Adjusted EBITDA (Darling's Share) (Non-GAAP) *— — (2,884)— (2,884)
Combined Adjusted EBITDA (Non-GAAP)$173,996 $71,638 $21,601 $(22,329)$244,906 
*See reconciliation of DGD Net Income/(Loss) to (Non-GAAP) DGD Adjusted EBITDA below the DGD Consolidated Statements of Operations






Page 4

Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Nine Months Ended October 3, 2026
Total net sales$3,341,530 $1,229,545 $494,940 $— $5,066,015 
Cost of sales and operating expenses2,438,620 853,713 387,844 — 3,680,177 
Gross margin902,910 375,832 107,096 — 1,385,838 
Loss/(gain) on sale of assets379 793 (513)— 659 
Selling, general and administrative expenses245,594 111,967 29,154 80,195 466,910 
Restructuring and asset impairment charges— 4,297 — — 4,297 
Acquisition and integration costs— — — 23,970 23,970 
Change in fair value of contingent consideration995 — — — 995 
Depreciation and amortization276,608 88,234 27,207 4,707 396,756 
Equity in net income of Diamond Green Diesel— — 623,029 — 623,029 
Segment operating income/(loss)$379,334 $170,541 $674,277 $(108,872)$1,115,280 
Equity in net income of other unconsolidated subsidiaries7,177 — — — 7,177 
Segment income/(loss)386,511 170,541 674,277 (108,872)1,122,457 
— 
Segment Adjusted EBITDA (Non-GAAP)$656,937 $263,072 $78,455 $(80,195)$918,269 
DGD Adjusted EBITDA (Darling's Share) (Non-GAAP)— — 744,579 — 744,579 
Combined Adjusted EBITDA (Non-GAAP)$656,937 $263,072 $823,034 $(80,195)$1,662,848 
Reconciliation of Net Income/(Loss) to (Non-GAAP) Segment Adjusted EBITDA and (Non-GAAP) Combined Adjusted EBITDA:
Net income/(loss) attributable to Darling$386,511 $170,541 $674,277 $(442,718)$788,611 
Net income attributable to noncontrolling interests— — — 6,027 6,027 
Income tax expense— — — 226,074 226,074 
Interest expense— — — 161,103 161,103 
Gain on sale of businesses— — — (63,473)(63,473)
Foreign currency gain— — — (3,813)(3,813)
Other expense, net— — — 7,928 7,928 
Segment income/(loss)$386,511 $170,541 $674,277 $(108,872)$1,122,457 
Restructuring and asset impairment charges— 4,297 — — 4,297 
Acquisition and integration costs— — — 23,970 23,970 
Change in fair value of contingent consideration995 — — — 995 
Depreciation and amortization276,608 88,234 27,207 4,707 396,756 
Equity in net income of Diamond Green Diesel— — (623,029)— (623,029)
Equity in net income of other unconsolidated subsidiaries(7,177)— — — (7,177)
Segment Adjusted EBITDA (Non-GAAP)$656,937 $263,072 $78,455 $(80,195)$918,269 
DGD Adjusted EBITDA (Darling's Share) (Non-GAAP) *— — 744,579 — 744,579 
Combined Adjusted EBITDA (Non-GAAP)$656,937 $263,072 $823,034 $(80,195)$1,662,848 
*See reconciliation of DGD Net Income/(Loss) to (Non-GAAP) DGD Adjusted EBITDA below the DGD Consolidated Statements of Operations
Page 5

Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Nine Months Ended September 27, 2025
Total net sales$2,861,930 $1,115,956 $448,192 $— $4,426,078 
Cost of sales and operating expenses2,215,402 804,765 361,634 — 3,381,801 
Gross margin646,528 311,191 86,558 — 1,044,277 
Loss/(gain) on sale of assets1,075 (34)(402)— 639 
Selling, general and administrative expenses224,973 98,709 25,645 49,892 399,219 
Acquisition and integration costs— — — 11,073 11,073 
Change in fair value of contingent consideration18,024 — — — 18,024 
Depreciation and amortization251,139 86,792 26,481 4,549 368,961 
Equity in net loss of Diamond Green Diesel— — (70,367)— (70,367)
Segment operating income/(loss)$151,317 $125,724 $(35,533)$(65,514)$175,994 
Equity in net income of other unconsolidated subsidiaries8,431 — — — 8,431 
Segment income/(loss)159,748 125,724 (35,533)(65,514)184,425 
— 
Segment Adjusted EBITDA (Non-GAAP)$420,480 $212,516 $61,315 $(49,892)$644,419 
DGD Adjusted EBITDA (Darling's Share) (Non-GAAP)— — 45,799 — 45,799 
Combined Adjusted EBITDA (Non-GAAP)$420,480 $212,516 $107,114 $(49,892)$690,218 
Reconciliation of Net Income/(Loss) to (Non-GAAP) Segment Adjusted EBITDA and (Non-GAAP) Combined Adjusted EBITDA:
Net income/(loss) attributable to Darling$159,748 $125,724 $(35,533)$(244,075)$5,864 
Net income attributable to noncontrolling interests— — — 5,642 5,642 
Income tax expense— — — 1,663 1,663 
Interest expense— — — 166,765 166,765 
Loss on early retirement of debt— — — 2,978 2,978 
Gain on sale of businesses— — — (1,686)(1,686)
Foreign currency gain— — — (1,018)(1,018)
Other expense, net— — — 4,217 4,217 
Segment income/(loss)$159,748 $125,724 $(35,533)$(65,514)$184,425 
Acquisition and integration costs— — — 11,073 11,073 
Change in fair value of contingent consideration18,024 — — — 18,024 
Depreciation and amortization251,139 86,792 26,481 4,549 368,961 
Equity in net loss of Diamond Green Diesel— — 70,367 — 70,367 
Equity in net income of other unconsolidated subsidiaries(8,431)— — — (8,431)
Segment Adjusted EBITDA (Non-GAAP)$420,480 $212,516 $61,315 $(49,892)$644,419 
DGD Adjusted EBITDA (Darling's Share) (Non-GAAP) *— — 45,799 — 45,799 
Combined Adjusted EBITDA (Non-GAAP)$420,480 $212,516 $107,114 $(49,892)$690,218 
*See reconciliation of DGD Net Income/(Loss) to (Non-GAAP) DGD Adjusted EBITDA below the DGD Consolidated Statements of Operations
Page 6


Darling Ingredients Inc. and Subsidiaries
Balance Sheet Disclosures
As of October 3, 2026 and January 3, 2026
(in thousands)
(unaudited)
October 3,January 3,
20262026
Cash and cash equivalents$121,716 $88,671 
Property, plant and equipment, net$2,831,703 $2,796,139 
Current portion of long-term debt$74,009 $75,217 
Long-term debt, net of current portion$3,414,433 $3,862,243 
Other Financial Data
As of October 3, 2026
(unaudited)
October 3,
2026
Net debt (1)$3,366,726 
Revolver availability$1,731,337 
Capital expenditures - YTD$343,515 
Preliminary Leverage Ratio1.7X
(1) Total debt less cash and cash equivalents.
Page 7

Diamond Green Diesel Joint Venture
Consolidated Statements of Operations
For the Three and Nine Months Ended September 30, 2026 and September 30, 2025
(in thousands, unaudited)


Three Months EndedNine Months Ended
September 30,September 30,September 30,September 30,
2026202520262025
Revenues:
Operating revenues$2,392,927 $1,203,732 $6,488,972 $3,201,472 
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense1,974,852 1,160,562 5,072,649 3,257,113 
Lower of cost or market (LCM) inventory valuation adjustment— 37,811 (96,720)(164,438)
Depreciation, amortization and accretion expense70,289 75,398 219,237 204,399 
Total costs and expenses2,045,141 1,273,771 5,195,166 3,297,074 
Operating income/(loss)347,786 (70,039)1,293,806 (95,602)
Other income2,881 1,621 8,092 7,504 
Interest and debt expense, net(10,593)(11,922)(32,488)(34,072)
Income/(loss) before income tax expense340,074 (80,340)1,269,410 (122,170)
Income tax expense/(benefit)(862)221 (534)1,365 
Net income/(loss)$340,936 $(80,561)$1,269,944 $(123,535)
Reconciliation of DGD Net Income/(Loss) to (Non-GAAP) DGD Adjusted EBITDA:
Net income/(loss)$340,936 $(80,561)$1,269,944 $(123,535)
Income tax expense/(benefit)(862)221 (534)1,365 
Interest and debt expense, net10,593 11,922 32,488 34,072 
Other income(2,881)(1,621)(8,092)(7,504)
Operating income/(loss)347,786 (70,039)1,293,806 (95,602)
Depreciation, amortization and accretion expense70,289 75,398 219,237 204,399 
DGD Adjusted EBITDA (Non-GAAP)418,075 5,359 1,513,043 108,797 
Less: Discount and Broker Fees(9,666)(11,126)(23,886)(17,199)
DGD Adjusted EBITDA (Non-GAAP) after Discount and Broker Fees408,409 (5,767)1,489,15791,598
Darling's Share 50%50 %50 %50 %50 %
DGD Adjusted EBITDA (Darling's Share) (Non-GAAP)$204,205 $(2,884)$744,579 $45,799 






Page 8

Diamond Green Diesel Joint Venture
Consolidated Balance Sheets
September 30, 2026 and December 31, 2025
(in thousands)


September 30,December 31,
20262025
(unaudited)
Assets:
Cash$365,203 $195,765 
Total other current assets1,646,653 1,199,194 
Property, plant and equipment, net3,545,312 3,702,254 
Other assets127,835 139,765 
Total assets$5,685,003 $5,236,978 
Liabilities and members' equity:
Revolver$— $— 
Total other current portion of long term debt28,758 29,487 
Total other current liabilities272,614 332,256 
Total long term debt655,969 677,671 
Total other long term liabilities17,869 17,748 
Total members' equity4,709,793 4,179,816 
Total liabilities and members' equity$5,685,003 $5,236,978 































Page 9


Reconciliation of Net Income to (Non-GAAP) Adjusted EBITDA to (Non-GAAP) Pro Forma
Adjusted EBITDA to Foreign Currency and to (Non-GAAP) Combined Adjusted EBITDA
For the Three and Nine Months Ended October 3, 2026 and September 27, 2025
(in thousands, unaudited)


Three Months EndedNine Months Ended
Adjusted EBITDAOctober 3,September 27,October 3,September 27,
(U.S. dollars in thousands)2026202520262025
Net income attributable to Darling$266,986 $19,363 $788,611 $5,864 
Depreciation and amortization135,667 124,064 396,756 368,961 
Interest expense51,460 56,925 161,103 166,765 
Income tax expense/(benefit)76,810 (1,248)226,074 1,663 
Restructuring and asset impairment charges— — 4,297 — 
Acquisition and integration costs5,782 6,156 23,970 11,073 
Change in fair value of contingent consideration995 — 995 18,024 
Foreign currency gain(462)(1,067)(3,813)(1,018)
Other expense, net3,000 1,024 7,928 4,217 
Loss on early retirement of debt— — — 2,978 
Gain on sale of businesses(63,473)(1,686)(63,473)(1,686)
Equity in net (income)/loss of Diamond Green Diesel(165,636)45,844 (623,029)70,367 
Equity in net income of other unconsolidated subsidiaries(2,377)(3,277)(7,177)(8,431)
Net income attributable to noncontrolling interests1,327 1,692 6,027 5,642 
Adjusted EBITDA (Non-GAAP)$310,079 $247,790 $918,269 $644,419 
Foreign currency exchange impact2,857 (1)— (15,621)(2)— 
Pro forma Adjusted EBITDA to Foreign Currency (Non-GAAP)$312,936 $247,790 $902,648 $644,419 
DGD Joint Venture Adjusted EBITDA (Darling's share) (Non-GAAP)$204,205 $(2,884)$744,579 $45,799 
Combined Adjusted EBITDA (Non-GAAP)$514,284 $244,906 $1,662,848 $690,218 
(1) The average rates for the three months ended October 3, 2026 were €1.00:$1.15 R$1.00:$0.19 and C$1.00:$0.71 as compared to the average rates for the three months ended September 27, 2025 of €1.00:$1.17, R$1.00:$0.18 and C$1.00:$0.73, respectively.
(2) The average rates for the nine months ended October 3, 2026 were €1.00:$1.16, R$1.00:$0.19 and C$1.00:$0.72 as compared to the average rates for the nine months ended September 27, 2025 of €1.00:$1.12, R$1.00:$0.18 and C$1.00:$0.71, respectively.

About Darling Ingredients
A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world’s animal agricultural by-products, produces about 30% of the world’s collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit darlingii.com. Follow us on LinkedIn.

Darling Ingredients will host a conference call on Thursday, Oct. 29, 2026, at 9 a.m. Eastern Time (8 a.m. Central Time) to discuss third quarter 2026 financial results and provide an update on company operations. A presentation with accompanying supplemental financial data is available at darlingii.com/investors.

To access the call as a listener, please register for the audio-only webcast.

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To join the call as a participant to ask a question, please register in advance to receive a confirmation email with the dial-in number and meeting ID for immediate access on Oct. 29 or call +1 833-461-5787 (Toll Free) or +1 626-884-3620 using meeting ID 827556345. A replay of the call will be available online via the webcast registration link two hours after the call ends. A transcript will be posted at darlingii.com/investors within 24 hours.

Use of Non-GAAP Financial Measures:

Segment Adjusted EBITDA is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income/(loss), as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is presented here not as an alternative to net income/(loss), but rather as a measure of the segment’s operating performance. Segment Adjusted EBITDA consists of net income/(loss) plus depreciation and amortization, restructuring and asset impairment charges, acquisition and integration costs, change in fair value of contingent consideration, foreign currency loss/(gain), net income/(loss) attributable to noncontrolling interests, interest expense, income tax provision, loss on early retirement of debt, gain on sale of businesses, other income/(expense), equity in net (income)/loss of unconsolidated subsidiaries and equity in net (income)/loss of Diamond Green Diesel. Management believes that Segment Adjusted EBITDA is useful in evaluating the segment’s operating performance because the calculation of Segment Adjusted EBITDA generally eliminates non-cash and certain other items for reasons unrelated to overall operating performance and also believes this information is useful to investors.

Adjusted EBITDA (Global Ingredients Adjusted EBITDA) is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is presented here not as an alternative to net income, but rather as a measure of the Company's operating performance. Since EBITDA (generally, net income plus interest expense, taxes, depreciation and amortization) is not calculated identically by all companies, the presentation in this report may not be comparable to EBITDA or Adjusted EBITDA presentations disclosed by other companies. Adjusted EBITDA is calculated above and represents for any relevant period, net income plus depreciation and amortization, restructuring and asset impairment charges, acquisition and integration costs, change in fair value of contingent consideration, foreign currency loss/(gain), net income/(loss) attributable to non-controlling interests, interest expense, income tax expense, loss on early retirement of debt, gain on sale of businesses, other income/(expense) and equity in net (income)/loss of unconsolidated subsidiaries. Management believes that Adjusted EBITDA is useful in evaluating the Company's operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA generally eliminates the effects of financing, income taxes, non-cash and certain other items that may vary for different companies for reasons unrelated to overall operating performance and also believes this information is useful to investors.

The Company’s management uses Adjusted EBITDA as a measure to evaluate performance and for other discretionary purposes. In addition to the foregoing, management also uses or will use Adjusted EBITDA to measure compliance with certain financial covenants under the Company’s Senior Secured Credit Facilities, 6% Notes, 5.25% Notes and 4.5% Notes that were outstanding at October 3, 2026. However, the amounts shown above for Adjusted EBITDA differ from the amounts calculated under similarly titled definitions in the Company’s Senior Secured Credit Facilities, 6% Notes, 5.25% Notes and 4.5% Notes, as those definitions permit further adjustments to reflect certain other nonrecurring costs, non-cash charges and cash dividends from the DGD Joint Venture.

Pro forma Adjusted EBITDA to Foreign Currency is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is presented here not as an alternative to net income, but rather as a measure of the Company's operating performance. Management believes Pro forma Adjusted EBITDA to Foreign Currency is useful in evaluating the Company’s operating performance on a constant currency basis and also believes this information is useful to investors.

DGD Adjusted EBITDA is not a recognized accounting measure under GAAP; it should not be considered as an alternative to net income/(loss) or equity in net income/(loss) of Diamond Green Diesel, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity and is not intended to be a presentation in accordance with GAAP. The Company calculates DGD Adjusted EBITDA by taking DGD’s net income/(loss) plus income tax expense/(benefit), interest and debt expense, net, and DGD’s depreciation, amortization and accretion expense less other income. Management believes that DGD Adjusted EBITDA is useful in evaluating the Company’s operating performance because the calculation of DGD Adjusted EBITDA generally eliminates non-cash and certain other items at DGD unrelated to overall operating performance and also believes this information is useful to investors. The Company calculates Darling’s Share of DGD Adjusted EBITDA by taking DGD Adjusted EBITDA, net of discount and broker fees, and then multiplying by 50% to get Darling’s Share of DGD’s Adjusted EBITDA.

Combined Adjusted EBITDA is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is
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presented here not as an alternative to net income, but rather as a measure of the Company’s operating performance. Combined Adjusted EBITDA consists of Adjusted EBITDA plus DGD Adjusted EBITDA (Darling’s Share). When Combined Adjusted EBITDA is presented by segment, Combined Adjusted EBITDA consists of Segment Adjusted EBITDA plus DGD Adjusted EBITDA (Darling’s Share). Management believes that Combined Adjusted EBITDA is useful in evaluating the Company's operating performance compared to that of other companies in its industry because the calculation of Combined Adjusted EBITDA generally eliminates the effects of financing, income taxes, non-cash and certain other items that may vary for different companies for reasons unrelated to overall operating performance and also believes this information is useful to investors.

Information reconciling forward-looking Combined Adjusted EBITDA to net income is unavailable to the Company without unreasonable effort. The Company is not able to provide reconciliations of forward-looking Adjusted EBITDA to net income because certain items required for such reconciliations are outside of the Company’s control and/or cannot be reasonably predicted, such as the impact of volatile commodity prices on the Company’s operations, impact of foreign currency exchange fluctuations, depreciation and amortization and the provision for income taxes. Preparation of such reconciliations for Darling Ingredients Inc. would require a forward-looking balance sheet, statement of operations and statement of cash flows, prepared in accordance with GAAP for each entity, and such forward-looking financial statements are unavailable to the Company without unreasonable effort. The Company provides guidance for its Combined Adjusted EBITDA outlook that it believes will be achieved; however, it cannot accurately predict all the components of the Combined Adjusted EBITDA calculation.

DGD Adjusted EBITDA per gallon is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income/(loss) or equity in net income/(loss) of Diamond Green Diesel, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity and is not intended to be a presentation in accordance with GAAP. DGD Adjusted EBITDA per gallon is presented here not as an alternative to net income/(loss) or equity in net income/(loss) of Diamond Green Diesel, but rather as a measure of Diamond Green Diesel's operating performance. Since DGD Adjusted EBITDA per gallon (generally, DGD Adjusted EBITDA less Discount and Broker Fees divided by total gallons sold) is not calculated identically by all companies, this presentation may not be comparable to Adjusted EBITDA per gallon presentations disclosed by other companies. Management believes that Adjusted EBITDA per gallon is useful in evaluating Diamond Green Diesel's operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA per gallon generally eliminates the effects of financing, income taxes and certain non-cash and other items presented on a per gallon basis that may vary for different companies for reasons unrelated to overall operating performance.

Cautionary Statements Regarding Forward-Looking Information:
This media release includes “forward-looking” statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. Statements that are not statements of historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “estimate,” “guidance,” “outlook,” “project,” “planned,” “contemplate,” “potential,” “possible,” “proposed,” “intend,” “believe,” “anticipate,” “expect,” “may,” “will,” “would,” “should,” “could,” and similar expressions are intended to identify forward-looking statements. All statements other than statements of historical facts included in this release are forward-looking statements. Forward-looking statements are based on the Company's current expectations and assumptions regarding its business, the economy and other future conditions. The Company cautions readers that any such forward-looking statements it makes are not guarantees of future performance and that actual results may differ materially from anticipated results or expectations expressed in its forward-looking statements as a result of a variety of factors, including many that are beyond the Company's control.

Important factors that could cause actual results to differ materially from the Company’s expectations include: existing and unknown future limitations on the ability of the Company's direct and indirect subsidiaries to make their cash flow available to the Company for payments on the Company's indebtedness or other purposes; reduced demands or prices for biofuels, biogases or renewable electricity; global demands for grain and oilseed commodities, which have exhibited volatility, and can impact the cost of feed for cattle, hogs and poultry, thus affecting available rendering feedstock and selling prices for the Company’s products; reductions in raw material volumes available to the Company due to weak margins in the meat production industry as a result of higher feed costs, reduced consumer demand, reduced volume due to government regulations affecting animal production or other factors, reduced volume from food service establishments, or otherwise; reduced demand for animal feed; reduced finished product prices, including a decline in fat, used cooking oil, protein or collagen (including, without limitation, collagen peptides and gelatin) finished product prices; changes to government policies around the world relating to renewable fuels and greenhouse gas (“GHG”) emissions that adversely affect prices, margins or markets (including for the DGD Joint Venture), including programs like renewable fuel standards, low carbon fuel standards, renewable fuel mandates and tax credits for biofuels, or loss or diminishment of tax credits due to failure to satisfy any eligibility requirements, including, without limitation, in relation to the blenders tax credit or the Clean Fuels Production Credit (“CFPC”); climate related adverse results, including with respect to the Company’s climate goals, targets or commitments; possible product recall resulting from developments relating to the discovery of unauthorized adulterations to food or food additives or products which do not meet specifications, contract requirements or regulatory standards; the occurrence of 2009 H1N1 flu (initially known as “Swine
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Flu”), highly pathogenic strains of avian influenza (collectively known as “Bird Flu”), severe acute respiratory syndrome (“SARS”), bovine spongiform encephalopathy (or “BSE”), porcine epidemic diarrhea (“PED”) or other diseases associated with animal origin in the U.S. or elsewhere, such as the outbreak of African Swine Fever in China and elsewhere; the occurrence of pandemics, epidemics or disease outbreaks; unanticipated costs and/or reductions in raw material volumes related to the Company’s compliance with the existing or unforeseen new U.S. or foreign (including, without limitation, China) regulations (including new or modified animal feed, Bird Flu, SARS, PED, BSE or ASF or similar or unanticipated regulations) affecting the industries in which the Company operates or its value added products; risks associated with the DGD Joint Venture, including possible unanticipated operating disruptions and/or a decline in margins on the products produced by the DGD Joint Venture; risks and uncertainties relating to international sales and operations, including imposition of tariffs, quotas, trade barriers and other trade protections by the U.S. or foreign countries; tax changes, such as global minimum tax measures, or issues related to administration, guidance and/or regulations associated with biofuel policies, including CFPC, and risks associated with the qualification and sale of such credits; difficulties or a significant disruption (including, without limitation, due to cyber-attack) in the Company’s information systems, networks or the confidentiality, availability or integrity of our data or failure to implement new systems and software successfully; risks relating to possible third-party claims of intellectual property infringement; increased contributions to the Company’s pension and benefit plans, including multiemployer and employer-sponsored defined benefit pension plans as required by legislation, regulation or other applicable U.S. or foreign law or resulting from a U.S. mass withdrawal event; bad debt write-offs; loss of or failure to obtain necessary permits and registrations; the potential for future terrorist attacks, responses to terrorist attacks and other acts of war or hostility, including the ongoing conflicts in the Middle East, Africa, North Korea and Ukraine; uncertainty regarding any administration changes in the U.S. or elsewhere around the world, including, without limitation, impacts to trade, tariffs and/or policies impacting the Company (such as biofuel policies and mandates); and/or unfavorable export or import markets. These factors, coupled with volatile prices for natural gas and diesel fuel, inflation rates, climate conditions, currency exchange fluctuations, general performance of the U.S. and global economies, disturbances in world financial, credit, commodities and stock markets, and any decline in consumer confidence and discretionary spending, including the inability of consumers and companies to obtain credit due to lack of liquidity in the financial markets, among others, could cause actual results to vary materially from the forward-looking statements included in this media release or negatively impact the Company’s results of operations. Among other things, future profitability may be affected by the Company’s ability to grow its business, which faces competition from companies that may have substantially greater resources than the Company. The Company’s announced share repurchase program may be suspended or discontinued at any time and purchases of shares under the program are subject to market conditions and other factors, which are likely to change from time to time. For more detailed discussion of these factors and other risks and uncertainties regarding the Company, its business and the industries in which it operates, see the Company’s filings with the SEC, including the Risk Factors discussion in Item 1A of Part I of the Company's Annual Report on Form 10-K for the fiscal year ended January 3, 2026. The Company cautions readers that all forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update any forward-looking statements, whether as a result of changes in circumstances, new events or otherwise.
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Darling Ingredients Contacts
Investors:    Suann Guthrie
Senior VP, Investor Relations and Global Affairs
(469) 214-8202; suann.guthrie@darlingii.com

Media:        Jillian Fleming
Director, Global Communications
(972) 541-7115; jillian.fleming@darlingii.com
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