SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

Financial Performance: Seaboard Corporation reported net sales of $2.54 billion for the three months ended September 27, 2025, an increase from $2.22 billion in the same period in 2024, with net earnings of $109 million compared to a loss of $149 million the previous year.

Earnings Per Share: The earnings per share for the third quarter of 2025 was $113.71, a significant recovery from a loss of $153.44 per share in the third quarter of 2024.

Dividends Declared: The Board of Directors declared a quarterly cash dividend of $2.25 per share, payable on November 17, 2025, to stockholders of record as of November 7, 2025.

Tax Impact: The previous year's results were negatively affected by a $176 million valuation allowance on U.S. deferred tax assets, which impacted income tax expenses.