Corteva

“Volume growth was driven primarily by increased corn area and share gains in North America and Brazil, partially offset by lower soybean area in North America.”

Annual report 2025A · The company itself

“Volume growth was driven by demand for new products, herbicides and biologicals, while price declined primarily due to market dynamics in Latin America, partially offset by North America price increases.”

Annual report 2025A · The company itself

“The majority of Corteva’s corn hybrids and soybean varieties sold to customers contain biotechnology traits that Corteva licenses from third parties under long-term license agreements. If Corteva loses its rights under such licenses, it could negatively impact Corteva’s ability to obtain future licenses on competitive terms, commercialize new products and generate sales from existing products.”

Annual report 2025A · The company itself

“Background Corteva is a leading global provider of seed and crop protection solutions focused on the agriculture industry and contributing to a healthier, more secure and sustainable food supply.”

Annual report 2025A · The company itself

“The Seed segment develops and supplies commercial seed combining superior germplasm with advanced traits to produce high yield potential for farmers around the world.”

Annual report 2025A · The company itself

“The Crop Protection segment supplies products to protect crop yields against weeds, insects and disease, enabling farmers to achieve optimal results.”

Annual report 2025A · The company itself

“Seed The Seed segment is a global leader in developing and supplying commercial seed combining advanced germplasm and traits that offer maximum yield potential for farmers around the world.”

Annual report 2025A · The company itself

“markets, including North America corn and soybeans, Europe corn and sunflower, as well as Brazil, India, South Africa and Argentina corn. The company offers seed and trait technologies that boost resilience to weather, pests, diseases, and herbicides used to manage weeds.”

Annual report 2025A · The company itself

“Crop Protection The Crop Protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that support overall crop health both above and below ground via nitrogen management and seed-applied technologies. The segment's crop protection solutions and digital solutions provide farmers tools to improve productivity and profitability, and help keep fields free of weeds, insects and diseases.”

Annual report 2025A · The company itself

“The company’s Seed segment is a global leader in developing and supplying commercial seed combining superior germplasm with advanced traits to produce high yield potential for farmers around the world. The segment offers seed and trait technologies that improve resistance to weather, diseases, pests and herbicides used to manage weeds. Its digital solutions provide data driven insights that assist farmer decision-making with a view to optimize product selection and, ultimately, help maximize yield and profitability. The segment competes in a wide variety of agricultural markets.”

Annual report 2025A · The company itself

“Percent Change Due To: Net Sales Change Price & Portfolio / ($ In millions) $ % Product Mix Volume Currency Other Herbicides $ (435) (11) % (5) % (4) % (2) % — % Insecticides 117 7 % (5) % 17 % (5) % — % Fungicides (31) (3) % (9) % 12 % (6) % — % Biologicals (15) (3) % (8) % 6 % (7) % 6 % Other (27) (5) % — % (3) % (2) % — % Total $ (391) (5) % (5) % 3 % (3) % — % Crop Protection Crop Protection net sales were $7,503 million in 2025, up 2 percent from $7,363 million in 2024.”

Annual report 2025A · The company itself

“The Pioneer agency model is unique to Corteva and represents sales made directly to farmers primarily via independent sales representatives. Through this agency model, the company interacts directly with farmers at multiple points in the growing season, from prior to planting all the way through harvest.”

Annual report 2025A · The company itself

“Corteva services customers in part through the Pioneer direct sales channel in key agricultural geographies, including the United States. In addition, Corteva supplements this approach with strong retail channels, including distributors, agricultural cooperatives and dealers, and with digital and data solutions that assist farmer decision-making with a view to optimize their product selection and maximize their yield and profitability.”

Annual report 2025A · The company itself

“Climate change and unpredictable seasonal and weather factors could impact Corteva’s sales and earnings. The agriculture industry is subject to seasonal and weather factors, which can vary unpredictably from period to period.”

Annual report 2025A · The company itself

“Climate change may increase the frequency or intensity of extreme weather such as storms, floods, heat waves, droughts and other events that could affect the quality, volume and cost of seed produced for sale as well as demand and product mix. Climate change may also affect the availability and suitability of arable land and contribute to unpredictable shifts in the average growing season, pest pressures and types of crops produced.”

Annual report 2025A · The company itself

“•Deliver Innovation to Farmers, Faster – Corteva aims to deliver greater value and productivity to growers through more differentiated and sustainably advantaged solutions, which in turn promise to strengthen global food security and help farmers address the impacts of climate change. •Deploy capital with discipline – the company aims to prioritize investment, organic and inorganic growth, and returning cash to shareholders.”

Annual report 2025A · The company itself

“Corteva currently faces significant competition in the markets in which it operates. In most segments of the market, the number of products available to the grower is steadily increasing as new products are introduced. At the same time, certain products are coming off patent and are thus available to generic manufacturers for production and commercialization.”

Annual report 2025A · The company itself

“From time-to-time, Corteva evaluates acquisition candidates that may strategically fit Corteva’s business and/or growth objectives, along with making investments in strategic technologies through its Corteva Catalyst platform. If Corteva is unable to successfully integrate and develop acquired businesses, including its growth in biologicals, Corteva could fail to achieve expected increases in revenues and operating results, as well as anticipated investment returns, synergies and cost savings, which could have a material adverse effect on Corteva’s financial results.”

Annual report 2025A · The company itself

“As these threats continue to evolve, particularly around cybersecurity and artificial intelligence, Corteva may be required to expend significant resources to enhance its control environment, processes, practices and other protective measures.”

Annual report 2025A · The company itself

“The successful development and commercialization of Corteva's pipeline products will be necessary for Corteva's growth.”

Annual report 2025A · The company itself

“Speed in discovering, developing, protecting and responding to new technologies, including artificial intelligence and new technology-based distribution channels that accelerate Corteva’s product development timelines and could facilitate its ability to engage with customers and end users, and bringing related products to market is a significant competitive advantage.”

Annual report 2025A · The company itself

“With one of the broadest and most productive new product pipelines in the agriculture industry, Corteva is focused on progressing science-based innovations, which aim to deliver a wide range of improved agriculture products and services to its customers.”

Annual report 2025A · The company itself

“As a separate company, the Seed business plans to grow through opportunities in gene editing, biofuels, hybrid wheat, expanded crop offerings, out-licensing, and mergers and acquisitions.”

Annual report 2025A · The company itself

“Its digital solutions provide data driven insights that assist farmer decision-making with a view to optimize product selection and, ultimately, help maximize yield and profitability.”

Annual report 2025A · The company itself

“Corteva focuses on customer-driven innovation to deliver superior germplasm and trait technologies. With its large sets of digitized data and globally connected network, the company can manage its field operations efficiently and draw insights from data quickly and effectively.”

Annual report 2025A · The company itself

“Its digital solutions provide data driven insights that assist farmer decision-making with a view to optimize product selection and, ultimately, help maximize yield and profitability.”

Annual report 2025A · The company itself

“The segment offers crop protection solutions and digital solutions that provide farmers the tools they need to improve productivity and profitability, and help keep fields free of weeds, insects and diseases.”

Annual report 2025A · The company itself

“The decrease was primarily driven by ongoing cost and productivity actions, a reduction in net royalty expense, lower commodity prices and raw material deflation, with a partial offset from higher volumes.”

Annual report 2025A · The company itself

“Percent Change Due To: Net Sales Change Price & Portfolio / ($ In millions) $ % Product Mix Volume Currency Other Corn $ 49 1 % 2 % 2 % (3) % — % Soybeans 69 4 % 2 % 2 % — % — % Other oilseeds (55) (8) % 8 % (7) % (4) % (5) % Other Seed Seed net sales were $9,898 million in 2025, up 4 percent from $9,545 million in 2024. The sales increase was driven by a 3 percent increase in price and a 2 percent increase in volume, partially offset by a 1 percent unfavorable currency impact.”

Annual report 2025A · The company itself

“As a separate company, the Crop Protection business plans to grow through its differentiated, sustainable product offerings, including biologicals, with a focus on operational excellence and disciplined mergers and acquisitions.”

Annual report 2025A · The company itself

“Intellectual property rights, including patents, plant variety protection, trade secrets, confidential information, trademarks, trade names and other forms of trade dress, are important to Corteva’s business. Corteva endeavors to protect its intellectual property rights in jurisdictions in which its products are produced or used and in jurisdictions into which its products are imported.”

Annual report 2025A · The company itself

“Risks Related to Our Operations Our business, financial condition and results of operations could be materially affected by disruptions in the global economy caused by geopolitical and military conflicts. Military conflict or related geopolitical tensions and disputes including increased trade barriers or restrictions on global trade, could result in, among other things, cyberattacks, further supply disruptions, and changes to foreign exchange rates and financial markets, any of which may adversely affect our business and supply chains. Such geopolitical instability and uncertainty has negatively impacted our ability to sell to, ship products to, collect payments from, and support customers in certain regions.”

Annual report 2025A · The company itself

“The global economy was negatively impacted by the military conflict between Russia and Ukraine and we experienced shortages in materials, the inability to insure shipments, and increased costs for transportation, energy, and raw material and other inputs due in part to the negative impact of this conflict.”

Annual report 2025A · The company itself

“Currently, a material portion of the company’s crop protection inputs are sourced directly or indirectly from China. While the company utilizes dual- or multi- source supply chains to minimize business disruptions, these strategies may not be adequate to address the scope of disruptions created by such a conflict.”

Annual report 2025A · The company itself

“Business and/or supply chain disruptions, plant and/or power outages and information technology system and/or network disruptions, regardless of cause including acts of sabotage, employee error or other actions, geopolitical activity, military conflict, local epidemics or pandemics, weather events and natural disasters could seriously harm Corteva’s operations as well as the operations of its customers and suppliers.”

Annual report 2025A · The company itself

“Currently, a material portion of the company’s crop protection inputs are sourced directly or indirectly from China. While the company utilizes dual- or multi- source supply chains to minimize business disruptions, these strategies may not be adequate to address the scope of disruptions created by such a conflict.”

Annual report 2025A · The company itself

“Currently, a material portion of the company’s crop protection inputs are sourced directly or indirectly from China.”

Annual report 2025A · The company itself

“Business and/or supply chain disruptions may also be caused by security breaches, which could include, for example, ransomware attacks and attacks on information technology and infrastructure by hackers, viruses, breaches due to employee error or actions or other disruptions. Corteva and/or its suppliers may fail to effectively prevent, detect and recover from these or other security breaches and, as a consequence, such breaches could result in misuse of Corteva’s assets, business disruptions, loss of property including trade secrets and confidential business information, legal claims or proceedings, reporting errors, processing inefficiencies, negative media attention, loss of sales and interference with regulatory and data privacy compliance.”

Annual report 2025A · The company itself

“Despite these precautions, Corteva’s intellectual property is vulnerable to infringement, misappropriation and other unauthorized access, including through employee or licensee error or actions, theft and cybersecurity incidents, and other security breaches.”

Annual report 2025A · The company itself

“Recent funding and staff reductions, including at the EPA, the USDA, the FDA and the U.S. Department of Health and Human Services ("HHS"), could hinder our ability to receive timely regulatory approvals.”

Annual report 2025A · The company itself

“Significant staff or funding reductions, along with any extended shutdown of the federal government, may significantly impact the timelines for reviewing our regulatory submissions and re-registrations. Longer-term structural changes at relevant federal agencies, including shifts in enforcement focus, review processes, evidentiary standards and resource allocation, may extend the time it takes to commercialize our products, thereby having a material adverse effect on our business, results of operations, and the value of our intellectual property.”

Annual report 2025A · The company itself

“Corteva currently faces significant competition in the markets in which it operates. In most segments of the market, the number of products available to the grower is steadily increasing as new products are introduced. At the same time, certain products are coming off patent and are thus available to generic manufacturers for production and commercialization.”

Annual report 2025A · The company itself

“Corteva’s operations outside the United States are subject to risks and restrictions, including fluctuations in foreign currency exchange rates; inflation; exchange and price control regulations; corruption risks; competitive restrictions; changes in local political or economic conditions; import and trade restrictions; import or export licensing requirements and trade policy; and other potentially detrimental domestic and foreign governmental practices or policies affecting U.S. companies doing business abroad.”

Annual report 2025A · The company itself

“Further, Corteva’s largest currency exposures are the Brazilian real, Euro, Canadian dollar and Argentine peso. Inflation, market uncertainty or an economic downturn in these geographic areas could reduce demand for Corteva’s products and result in decreased sales volume, which could have a negative impact on Corteva’s results of operations.”

Annual report 2025A · The company itself

“The unfavorable currency impacts were led by the Turkish Lira and Canadian Dollar.”

Annual report 2025A · The company itself

“Volume growth was driven by demand for new products, herbicides and biologicals, while price declined primarily due to market dynamics in Latin America, partially offset by North America price increases.”

Annual report 2025A · The company itself

“Success in offsetting higher input costs with price increases is largely influenced by competitive and economic conditions and could vary significantly depending on the market served. If Corteva is not able to fully offset the effects of higher input costs, it could have a significant impact on its financial results.”

Annual report 2025A · The company itself

“Further, Corteva’s largest currency exposures are the Brazilian real, Euro, Canadian dollar and Argentine peso. Inflation, market uncertainty or an economic downturn in these geographic areas could reduce demand for Corteva’s products and result in decreased sales volume, which could have a negative impact on Corteva’s results of operations.”

Annual report 2025A · The company itself

“Corteva’s customers may be exposed to a variety of conditions that could adversely affect their ability to pay their debts. For example, customers in economies experiencing an economic downturn or in a region experiencing adverse growing conditions may be unable to repay their obligations to Corteva, which could adversely affect Corteva’s results.”

Annual report 2025A · The company itself

“Additionally, data analytic tools and web-based new direct purchase models offer increased transparency and comparability, which creates price pressures.”

Annual report 2025A · The company itself

“The sales increase was driven by a 3 percent increase in price and a 2 percent increase in volume, partially offset by a 1 percent unfavorable currency impact. Pricing gains in most regions, led by North America, demonstrate demand for top technology and the strength of the portfolio, coupled with increased out-licensing income.”

Annual report 2025A · The company itself

“Corteva’s operations outside the United States are subject to risks and restrictions, including fluctuations in foreign currency exchange rates; inflation; exchange and price control regulations; corruption risks; competitive restrictions; changes in local political or economic conditions; import and trade restrictions; import or export licensing requirements and trade policy; and other potentially detrimental domestic and foreign governmental practices or policies affecting U.S. companies doing business abroad.”

Annual report 2025A · The company itself

“Overview The following is a summary of results from continuing operations for the year ended December 31, 2025: •The company reported net sales of $17,401 million, an increase of 3 percent versus the year ended December 31, 2024, reflecting a 1 percent increase in price and a 3 percent increase in volume, partially offset by a 1 percent unfavorable currency impact. •Cost of goods sold ("COGS") totaled $9,172 million, down from $9,529 million for the year ended December 31, 2024, primarily driven by ongoing cost and productivity actions, raw material deflation, lower commodity prices, and a reduction in net royalty expense, with a partial offset from higher volumes. •Restructuring and asset related charges - net were $146 million, a decrease from $288 million for the year ended December 31, 2024.”

Annual report 2025A · The company itself

“Executing the Proposed Separation will require significant time and attention from Corteva’s senior management and employees, which could disrupt Corteva’s ongoing business, negatively impact Corteva’s relationships with employees, suppliers, customers, distributors, licensors and other stakeholders and adversely affect Corteva’s financial results and results of operations.”

Annual report 2025A · The company itself

“As of December 31, 2025, the company globally employs approximately 21,500 employees. In order to address regional specific customer needs within its global business, the company has a geographically diverse employee base with 47 percent, 21 percent, 20 percent, and 12 percent located in the North America, Latin America, EMEA, and Asia-Pacific regions, respectively.”

Annual report 2025A · The company itself

“The decrease was primarily driven by ongoing cost and productivity actions, a reduction in net royalty expense, lower commodity prices and raw material deflation, with a partial offset from higher volumes.”

Annual report 2025A · The company itself

“Additionally, data analytic tools and web-based new direct purchase models offer increased transparency and comparability, which creates price pressures.”

Annual report 2025A · The company itself

“Corteva’s ability to affordably access the capital markets and/or borrow short- term debt in amounts adequate to finance its activities could be impaired as a result of a variety of factors, including factors that are not specific to Corteva, such as a severe disruption of the financial markets and, in the case of debt securities or borrowings, interest rate fluctuations.”

Annual report 2025A · The company itself

“Business and/or supply chain disruptions, plant and/or power outages and information technology system and/or network disruptions, regardless of cause including acts of sabotage, employee error or other actions, geopolitical activity, military conflict, local epidemics or pandemics, weather events and natural disasters could seriously harm Corteva’s operations as well as the operations of its customers and suppliers.”

Annual report 2025A · The company itself

“Overview The following is a summary of results from continuing operations for the year ended December 31, 2025: •The company reported net sales of $17,401 million, an increase of 3 percent versus the year ended December 31, 2024, reflecting a 1 percent increase in price and a 3 percent increase in volume, partially offset by a 1 percent unfavorable currency impact. •Cost of goods sold ("COGS") totaled $9,172 million, down from $9,529 million for the year ended December 31, 2024, primarily driven by ongoing cost and productivity actions, raw material deflation, lower commodity prices, and a reduction in net royalty expense, with a partial offset from higher volumes. •Restructuring and asset related charges - net were $146 million, a decrease from $288 million for the year ended December 31, 2024.”

Annual report 2025A · The company itself

“Although Corteva has operations throughout the world, Corteva’s sales outside the United States in 2025 were principally to customers in Brazil, Eurozone countries, and Canada.”

Annual report 2025A · The company itself

“The company has 95 production sites in the following geographic regions: Number of Sites Seed Crop Protection Total North America 1 38 7 45 EMEA 2 12 9 21 Latin America 8 13 21 61 34 95 1.”

Annual report 2025A · The company itself

“Volume growth was driven primarily by increased corn area and share gains in North America and Brazil, partially offset by lower soybean area in North America.”

Annual report 2025A · The company itself

“Volume growth was driven by demand for new products, herbicides and biologicals, while price declined primarily due to market dynamics in Latin America, partially offset by North America price increases.”

Annual report 2025A · The company itself

“The company has 95 production sites in the following geographic regions: Number of Sites Seed Crop Protection Total North America 1 38 7 45 EMEA 2 12 9 21 Latin America 8 13 21 61 34 95 1. North America consists of U.S. & Canada.”

Annual report 2025A · The company itself

“Volume growth was driven primarily by increased corn area and share gains in North America and Brazil, partially offset by lower soybean area in North America.”

Annual report 2025A · The company itself

“Volume growth was driven by demand for new products, herbicides and biologicals, while price declined primarily due to market dynamics in Latin America, partially offset by North America price increases.”

Annual report 2025A · The company itself

“Although Corteva has operations throughout the world, Corteva’s sales outside the United States in 2025 were principally to customers in Brazil, Eurozone countries, and Canada.”

Annual report 2025A · The company itself

“The company has 95 production sites in the following geographic regions: Number of Sites Seed Crop Protection Total North America 1 38 7 45 EMEA 2 12 9 21 Latin America 8 13 21 61 34 95 1.”

Annual report 2025A · The company itself

“The plan includes the exit of the company’s production activities at its site in Pittsburg, California, as well as ceasing operations in select manufacturing lines at other locations.”

Annual report 2025A · The company itself

“In addition, changes in exchange rates may affect Corteva’s results of operations, financial condition and cash flows in future periods.”

Annual report 2025A · The company itself

“Although Corteva has operations throughout the world, Corteva’s sales outside the United States in 2025 were principally to customers in Brazil, Eurozone countries, and Canada.”

Annual report 2025A · The company itself