SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB), with offices at 9000West 67th Street, Merriam, Kansas, for the three and nine months ended September27,2025 and September28,2024, in millions of dollars except share and per share amounts.

(UNAUDITED) Three Months Ended Nine Months Ended September27, September28, September27, September28, 2025 2024 2025 2024Net sales $ 2,540 $ 2,218 $ 7,336 $ 6,618Operating income $ 84 $ 32 $ 174 $ 42Net earnings (loss) attributable to Seaboard $ 109 $ (149) $ 243 $ (66)Earnings (loss) per common share $ 113.71 $ (153.44) $ 251.47 $ (67.97)Average number of shares outstanding 958,618 971,055 966,315 971,055Dividends declared per common share $ 2.25 $ 2.25 $ 6.75 $ 6.75

Seaboard Corporation's results for the three and nine months ended September 28, 2024, were impacted by a valuation allowance recorded on its U.S. deferred tax assets of $176 million, with a corresponding charge to income tax expense. Further details on financial results are included in Seaboard Corporation's Quarterly Report on Form 10-Q filed today with the United States Securities and Exchange Commission. Seaboard Corporation has provided access to the Form 10-Q on its website athttps://www.seaboardcorp.com/investors.

Also, Seaboard Corporation announced today that its Board of Directors has authorized and declared a quarterly cash dividend of$2.25 per share of its common stock. The dividend is payable on November 17, 2025 to stockholders of record at the close of business on November 7, 2025.

https://edge.prnewswire.com/c/img/favicon.png?sn=CG09557&sd=2025-10-28

View original content:https://www.prnewswire.com/news-releases/seaboard-corporation-report-of-earnings-and-dividend-declaration-302597515.html

SOURCE Seaboard Corporation

https://rt.newswire.ca/rt.gif?NewsItemId=CG09557&Transmission_Id=202510281655PR_NEWS_USPR_____CG09557&DateId=20251028