MERRIAM, Kan., Feb. 12, 2026 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American: SEB), with offices at 9000 West 67th Street, Merriam, Kansas, for the quarters and years ended December 31, 2025 and December 31, 2024, in millions of dollars except share and per share amounts. Three Months Ended Years Ended December 31, December 31, December 31, December 31, 2025 2024 2025 2024 Net sales $ 2,410 $ 2,482 $ 9,746 $ 9,100 Operating income $ 65 $ 114 $ 239 $ 156 Net earnings attributable to Seaboard $ 253 $ 154 $ 496 $ 88 Earnings per common share $ 264.13 $ 158.58 $ 514.46 $ 90.62 Average number of shares outstanding 957,855 971,055 964,113 971,055 Dividends declared per common share $ 2.25 $ 2.25 $ 9.00 $ 9.00 Seaboard Corporation's results for the three and twelve months ended December 31, 2025 were impacted by the reversal of a valuation allowance recorded on certain of its domestic deferred tax assets. Seaboard recognized a total income tax benefit of $170 million related to changes in the valuation allowance for the twelve months ended December 31, 2025.