Dow — Jul 23, 2026 release

“Market conditions were supportive this quarter, and our self-help initiatives delivered ahead of plan, further reinforcing the improvement in our earnings as we continue to strengthen Dow’s resilience and agility. We now expect to generate approximately $200 million more in benefits from Transform to Outperform this year, enabling us to increase the total in-year benefits from self-help to greater than $1.3 billion. Our actions to become a leaner, more competitive company position Dow well to continue winning with our customers while delivering enhanced long-term shareholder value.” SUMMARY FINANCIAL RESULTS Three Months Ended Jun 30 In millions, except per share amounts 2Q26 2Q25 vs. SQLY [B / (W)] Net Sales $ 12,092  $ 10,104  $ 1,988  GAAP Income (Loss), Net of Tax $ 802  $ (801) $ 1,603  Operating EBIT 1 $ 1,648  $ (21) $ 1,669  Operating EBITDA 1 $ 2,312  $ 703  $ 1,609  GAAP Earnings (Loss) Per Share $ 0.99  $ (1.18) $ 2.17  Operating Earnings Per Share 1 $ 1.44  $ (0.42) $ 1.86  Cash Provided by (Used for) Operating Activities - Cont. Ops $ 1,324  $ (470) $ 1,794  1. Op. Earnings Per Share, Op. EBIT, Op. EBIT Margin and Op. EBITDA, Free Cash Flow and Cash Flow Conversion are non-GAAP measures. See page 5 for further discussion. ®TM Trademark of The Dow Chemical Company or an affiliated company of Dow      1 Dow reports second quarter 2026 results SEGMENT HIGHLIGHTS Packaging & Specialty Plastics Three Months Ended Jun 30 In millions 2Q26 2Q