World Kinect reports $13.27 billion revenue for Q3 2026

Cover page 2 changes

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For the quarterly period ended June September 30, 2026

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The registrant had a total of 51,151,620 shares of common stock, par value $0.01 per share, issued and outstanding as of July 17, October 23, 2026.

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Financial Statements (Unaudited) 4 changes

Condensed Consolidated Balance Sheets as of June September 30, 2026 and December 31, 2025

Condensed Consolidated Statements of Income and Comprehensive Income for the Three and Six Nine Months Ended June September 30, 2026 and 2025

Condensed Consolidated Statements of Shareholders' Equity for the Three and Six Nine Months Ended June September 30, 2026 and 2025

Condensed Consolidated Statements of Cash Flows for the Six Nine Months Ended June September 30, 2026 and 2025

Financial statements 446 changes

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Inventories 579.3 454.2

Prepaid expenses 76.4 86.6

Goodwill 739.7 737.5

June September 30, 2026 December 31, 2025

Cash and cash equivalents $ 135.3 217.9 $ 193.5

Accounts receivable, net of allowance for credit losses of $ 48.6 49.5 million and $ 15.6 million as of June September 30, 2026 and December 31, 2025, respectively

Inventories 744.7 454.2

Prepaid expenses 86.2 86.6

Short-term derivative assets, net 79.7 83.8 100.5

Other current assets 403.1 365.4 457.2

Total current assets 4,216.0 4,623.1 3,500.5

Property and equipment, net 349.4 346.2 348.4

Goodwill 741.0 737.5

Identifiable intangible assets, net 296.7 295.7 311.7

Other non-current assets 997.2 1,032.9 965.9

Total assets $ 6,598.9 7,038.9 $ 5,863.9

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Current maturities of long-term debt $ 8.7 9.9 $ 11.9

Accounts payable 3,252.1 3,727.5 2,586.9

Short-term derivative liabilities, net 64.3 60.9 52.7

Accrued expenses and other current liabilities 660.0 658.5 658.9

Total current liabilities 3,985.2 4,456.9 3,310.4

Long-term debt 736.6 683.9 685.2

Other long-term liabilities 610.0 609.8 560.4

Total liabilities 5,331.8 5,750.5 4,556.1

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Common stock, $ 0.01 par value; 100.0 shares authorized, 51.2 and 54.1 issued and outstanding as of June September 30, 2026 and December 31, 2025, respectively

Capital in excess of par value — 9.8 —

Retained earnings 1,289.8 1,316.1 1,315.9

Accumulated other comprehensive income (loss) ( 32.7 47.3 ) ( 17.3 )

Total World Kinect shareholders' equity 1,257.6 1,279.1 1,299.1

Noncontrolling interest 9.5 9.3 8.8

Total equity 1,267.1 1,288.4 1,307.9

Total liabilities and equity $ 6,598.9 7,038.9 $ 5,863.9

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Revenue $ 13,591.2 $ 9,043.3 $ 23,276.2 $ 18,495.8

Cost of revenue 13,226.0 8,810.9 22,639.8 18,033.0

Gross profit 365.1 232.4 636.3 462.8

Compensation and employee benefits 145.3 105.5 276.2 210.6

General and administrative 117.5 67.3 194.9 139.7

For the Three Months Ended June September 30, For the Six Nine Months Ended June September 30,

Revenue $ 13,270.7 $ 9,391.8 $ 36,546.9 $ 27,887.6

Cost of revenue 12,982.6 9,142.2 35,622.5 27,175.2

Gross profit 288.1 249.6 924.4 712.4

Compensation and employee benefits 107.0 112.4 383.1 323.0

General and administrative 101.6 69.5 296.5 209.2

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Total operating expenses 269.1 577.5 484.0 814.5

Income (loss) from operations 96.1 ( 345.1 ) 152.4 ( 351.6 )

Total operating expenses 208.0 186.8 691.9 1,001.2

Income (loss) from operations 80.1 62.9 232.5 ( 288.8 )

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Other income (expense), net 0.8 ( 78.0 ) 3.0 ( 76.6 )

Total non-operating income (expense), net ( 29.8 ) ( 103.6 ) ( 53.8 ) ( 125.1 )

Income (loss) before income taxes 66.3 ( 448.7 ) 98.5 ( 476.8 )

Interest expense and other financing costs, net ( 30.6 30.8 ) ( 25.7 25.9 ) ( 56.9 87.7 ) ( 48.5 74.4 )

Other income (expense), net 7.0 1.8 10.0 ( 74.8 )

Total non-operating income (expense), net ( 23.8 ) ( 24.0 ) ( 77.6 ) ( 149.2 )

Income (loss) before income taxes 56.3 38.8 154.8 ( 438.0 )

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Net income (loss) including noncontrolling interest 49.8 ( 339.1 ) 75.3 ( 360.4 )

Net income (loss) attributable to World Kinect $ 48.4 $ ( 339.4 ) $ 74.6 $ ( 360.4 )

Basic weighted average common shares 51.3 56.0 51.5 56.5

Diluted weighted average common shares 51.6 56.0 51.8 56.5

Net income (loss) including noncontrolling interest 37.9 28.1 113.2 ( 332.2 )

Net income (loss) attributable to noncontrolling interest 1.4 0.3 0.7 0.1 ( 0.2 ) 2.4 0.6 2.5

Net income (loss) attributable to World Kinect $ 38.0 $ 25.7 $ 112.6 $ ( 334.7 )

Basic earnings (loss) per common share $ 0.94 0.74 $ ( 6.06 ) 0.46 $ 1.45 2.19 $ ( 6.38 5.95 )

Basic weighted average common shares 51.2 55.6 51.4 56.2

Diluted earnings (loss) per common share $ 0.94 0.70 $ ( 6.06 ) 0.46 $ 1.44 2.14 $ ( 6.38 5.95 )

Diluted weighted average common shares 54.4 55.9 52.5 56.2

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Net income (loss) including noncontrolling interest $ 49.8 $ ( 339.1 ) $ 75.3 $ ( 360.4 )

Net income (loss) including noncontrolling interest $ 37.9 $ 28.1 $ 113.2 $ ( 332.2 )

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Foreign currency translation adjustments ( 0.3 ) 61.7 ( 1.4 ) 74.3

Total other comprehensive income (loss) 26.8 63.1 ( 15.3 ) 73.1

Comprehensive income (loss) including noncontrolling interest 76.6 ( 276.0 ) 60.0 ( 287.2 )

Comprehensive income (loss) attributable to World Kinect $ 75.2 $ ( 276.2 ) 59.2 $ ( 287.3 )

Foreign currency translation adjustments ( 4.0 ) ( 0.3 ) ( 5.4 ) 74.0

Cash flow hedges, net of income tax expense (benefit) of ($ 9.3 4.6 ) and ($ 0.5 0.1 ) for the three months ended June September 30, 2026 and 2025, respectively, and net of income tax expense (benefit) of $( 5.1 9.7 ) and $( 0.4 0.6 ) for the six nine months ended June September 30, 2026 and 2025, respectively ( 10.6 ) ( 0.3 ) ( 24.6 ) ( 1.5 )

Total other comprehensive income (loss) ( 14.7 ) ( 0.6 ) ( 30.0 ) 72.5

Comprehensive income (loss) including noncontrolling interest 23.2 27.5 83.2 ( 259.7 )

Comprehensive income (loss) attributable to noncontrolling interest 1.4 0.3 0.7 0.1 ( 0.2 ) 2.4 0.6 2.5

Comprehensive income (loss) attributable to World Kinect $ 23.4 $ 25.1 82.6 $ ( 262.2 )

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Net income (loss) — — — 38.0 — 38.0 ( 0.2 ) 37.9

Cash dividends declared — — — ( 11.7 ) — ( 11.7 ) — ( 11.7 )

Amortization of share-based payment awards — — 9.8 — — 9.8 — 9.8

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Forward-looking statements 147 changes

This 10-Q Report and the information incorporated by reference in it, or made by us in other reports, filings with the U.S. Securities and Exchange Commission (the "SEC"), press releases, teleconferences, industry conferences or otherwise, contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe," "anticipate," "expect," "estimate," "project," "could," "would," "will," "might," "continue," "plan," "ability," "achieve," "can," "intend," "impact," "may," "potential," "remain," "strategy," "design," "future," "forecast," "likely," "pursue," "schedule," or words or phrases of similar meaning. Specifically, this 10-Q Report includes forward-looking statements regarding (i) expectations regarding macroeconomic conditions, including inflation and its impact on us, (ii) conditions in the aviation, land, and marine markets and their impact on our business, (iii) growth in our core businesses, (iv) the impact of fuel prices and our working capital, liquidity, and capital expenditure requirements, (v) our expectations and estimates regarding tax, legal and accounting matters, accounting standards and environmental credits, including the impact on our financial statements, (vi) our hedging strategy, (vii) our acquisitions, divestitures, restructurings and other strategic transactions (viii) global trade trends and patterns, including the impact of tariffs and global conflicts, and (ix) estimates regarding the financial impact of our derivative and other trading contracts. Our forward-looking statements are qualified in their entirety by cautionary statements and risk factor disclosures contained in our SEC filings.

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Management continued to execute these plans in 2026, and also initiated actions to exit certain businesses within the aviation segment, and as a result of the actions taken during the first half of nine months ended September 30, 2026 within the land and aviation segments, we recognized charges a net credit for exit activities totaling $6.1 $1.6 million, comprised of net gains on the sale of assets of $17.0 million, which were partially offset by charges associated with various legal matters and contract termination costs of $10.2 $8.1 million and severance and compensation costs of $4.1 million, which were partially offset by a net noncash gain on the sale of assets of $8.2 $7.3 million. In addition, as a result of the actions taken in 2026, we wrote off accounts receivable recognized additional allowances for current expected credit losses of $3.0 million with respect to accounts receivable associated with exited business lines and $23.2 million with respect to notes receivable from an equity method investee, resulting from our decision to discontinue ongoing financial support.

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As a result of the actions taken under the 2025 Restructuring Plan, we recognized $45.2 million of restructuring charges associated with the 2025 Restructuring Plan during the year ended December 31, 2025, including $32.7 million of severance and other compensation costs and $12.6 million of other transition related costs. During the six nine months ended June September 30, 2026, we recognized $9.5 $15.7 million of charges associated with the 2025 Restructuring Plan, consisting primarily of costs associated with the global finance and accounting optimization program as well as additional severance and other compensation costs. We plan to complete the transition activities associated with the global finance and accounting optimization in the fourth quarter of 2026 and expect to recognize an additional $4.4 $2.0 million in transition costs and one-time charges associated with the planned global finance and accounting initiatives during the year ending December 31, 2026.

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In our land segment, we continue to focus on improving capital efficiency, by optimizing asset utilization, leveraging the capabilities of our acquisitions, and realigning our operational platform. In 2025, we launched an initiative designed to further streamline our operating model and enhance organizational efficiency and effectiveness. On April 9, 2025, we closed the Watson Fuels sale, and in the fourth quarter of 2025 and into 2026, we committed to and initiated actions to exit certain operations within the land segment, including direct fuel transportation services, lubricants, heating oil, power, and certain advisory and sustainability offerings, that are no longer profitable or not aligned with the Company's core business and corporate strategy. In June 2026, we closed on the sale of a majority of the Land Fuel Transportation and Lubricants disposal group. See Note 2. Acquisitions and Divestitures and Note 14. Restructuring and Exit Activities for additional information about the actions taken and related impairment charges.

We believe that our marine business is well-positioned to generate relatively moderate levels of earnings in stable markets and provide additional value in volatile and credit constrained markets. Due to the generally spot nature of sales in our marine business, we have traditionally benefited from elevated fuel prices and volatility as well as a constrained credit environment, as seen during the first half nine months of 2026, with the increase in global oil prices and related volatility resulting in a significant improvement in marine segment profitability.

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Three Months Ended June September 30, 2026 Compared to Three Months Ended June September 30, 2025

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Revenue $ 13,591.2 $ 9,043.3

Cost of revenue 13,226.0 8,810.9

Gross profit 365.1 232.4

Compensation and employee benefits 145.3 105.5

General and administrative 117.5 67.3

For the Three Months Ended June September 30,

Revenue $ 13,270.7 $ 9,391.8

Cost of revenue 12,982.6 9,142.2

Gross profit 288.1 249.6

Compensation and employee benefits 107.0 112.4

General and administrative 101.6 69.5

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Restructuring charges 8.9 6.0

Total operating expenses 269.1 577.5

Income (loss) from operations 96.1 (345.1)

Restructuring charges (1.5) 4.9

Total operating expenses 208.0 186.8

Income (loss) from operations 80.1 62.9

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Other income (expense), net 0.8 (78.0)

Provision for income taxes 16.6 (109.6)

Operating Expenses. Total operating expenses for the three months ended June 30, 2026 were $269.1 million, a decrease of $308.4 million, or 53%, compared to the three months ended June 30, 2025. The decrease in operating expenses was primarily attributable to the $398.6 million of goodwill and other asset impairment charges recognized during the three months ended June 30, 2025, partially offset by increases in bad debt expense incurred during the three months ended June 30, 2026, primarily as a result of the deteriorating financial condition of certain aviation and marine segment customers, including a marine segment customer which filed for creditor protection during the second quarter of 2026 and is currently operating under court supervision, and compensation and employee benefit costs, primarily driven by higher incentive compensation costs in our aviation and marine segments, as well as costs associated with the Universal TSS business acquired in the fourth quarter of 2025.

Interest expense and other financing costs, net (30.6) (25.7) (30.8) (25.9)

Other income (expense), net 7.0 1.8

Total non-operating income (expense), net (29.8) (103.6) (23.8) (24.0)

Income (loss) before income taxes 66.3 (448.7) 56.3 38.8

Provision for income taxes 18.4 10.7

Net income (loss) including noncontrolling interest 49.8 (339.1) 37.9 28.1

Net income (loss) attributable to noncontrolling interest 1.4 0.3 (0.2) 2.4

Net income (loss) attributable to World Kinect $ 48.4 38.0 $ (339.4) 25.7

Basic earnings (loss) per common share $ 0.94 0.74 $ (6.06) 0.46

Diluted earnings (loss) per common share $ 0.94 0.70 $ (6.06) 0.46

Revenue. Our consolidated revenue for the three months ended June September 30, 2026 was $13.6 $13.3 billion, an increase of $4.5 $3.9 billion, or 50%, 41%, compared to the three months ended June September 30, 2025, attributable to increased revenue of $3.2 $2.8 billion, $0.9 $0.8 billion, and $0.4 $0.3 billion in our aviation, marine, and land segments, respectively, as discussed further below.

Gross Profit. Our gross profit for the three months ended June September 30, 2026 was $365.1 $288.1 million, an increase of $132.7 $38.5 million, or 57%, 15%, compared to the three months ended June September 30, 2025, attributable to increased gross profit of $70.0 million, $52.6 $33.3 million and $10.1 $5.2 million in our aviation, marine and land aviation segments, respectively, as discussed further below.

Operating Expenses. Total operating expenses for the three months ended September 30, 2026 were $208.0 million, an increase of $21.2 million, or 11%, compared to the three months ended September 30, 2025. The increase in operating expenses was primarily attributable to an allowance for current expected credit losses recognized during the three months ended September 30, 2026 with respect to notes receivable from an equity method investee reported as corporate and other, resulting from our decision to discontinue ongoing financial support, as well as increased operating expenses associated with the Universal TSS acquisition. These increases were partially offset by the cost reduction impact of the business exits in the land segment initiated in the fourth quarter of 2025 and the impact of gains recognized on the sale of assets associated with business exits during the three months ended September 30, 2026.

Non-Operating Income (Expense), net. For the three months ended June September 30, 2026, we had net non-operating expense of $29.8 $23.8 million compared to net non-operating expense of $103.6 $24.0 million for the three months ended June September 30, 2025. The decrease in non-operating expense of $73.9 $0.2 million during the three months ended June September 30, 2026 was primarily attributable to the $81.7 million loss on the sale of Watson Fuels during the three months ended June 30, 2025, partially an increase in other income, largely offset by increased foreign currency losses and higher interest expense. during the three months ended June 30, 2026 compared to the three months ended June 30, 2025.

Income Taxes. For the three months ended June September 30, 2026, we recognized an income tax expense of $16.6 $18.4 million, compared to income tax benefit expense of $109.6 $10.7 million for the three months ended June September 30, 2025. The increase of $126.1 $7.8 million was primarily attributable to asset impairment benefits recognized during the three months ended June 30, 2025 and changes in the mix of our worldwide earnings, as well as a net discrete tax benefit expense of $1.0 $4.5 million for the three months ended June September 30, 2026 compared to a net discrete tax benefit of $12.3 $1.0 million for the three months ended June September 30, 2025 and higher income before income taxes, partially offset by changes in the mix of our worldwide earnings. See Note 11. Income Taxes for additional information.

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Revenue $ 7,959.5 $ 4,725.1 $ 3,234.4

Gross profit $ 208.0 $ 138.0 $ 70.0

For the Three Months Ended June September 30,

Revenue $ 7,647.7 $ 4,868.1 $ 2,779.6

Gross profit $ 147.9 $ 142.8 $ 5.2

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Aviation segment volumes (gallons) 1,759.9 1,856.0 (96.1)

Aviation segment average price per gallon $ 4.24 $ 2.31 $ 1.92

Aviation segment volumes (gallons) 1,850.3 1,829.1 21.2

Aviation segment average price per gallon $ 3.84 $ 2.42 $ 1.42

Revenues in our aviation segment were $8.0 $7.6 billion for the three months ended June September 30, 2026, an increase of $3.2 $2.8 billion, or 68%, 57%, compared to the three months ended June September 30, 2025. The increase in revenue was primarily driven by higher average prices, partially offset by a decrease 58% increase in volume. average jet fuel price per gallon. sold increased by 83%. Total aviation volumes decreased increased by 96.1 21.2 million gallons, or 5%, 1%, to 1.8 1.9 billion gallons. driven primarily by a reduction in lower margin activity.

Aviation segment gross profit for the three months ended June September 30, 2026 was $208.0 $147.9 million, an increase of $70.0 $5.2 million, or 51%, 4%, compared to the three months ended June September 30, 2025. The increase in gross profit was primarily attributable to stronger the contribution from the Universal TSS acquisition that closed in the fourth quarter of 2025 and growth in our core commercial fuel business, principally in Europe and Latin America, partially offset by lower physical inventory-related profitability in our core commercial business driven by elevated jet fuel price volatility during the three months ended June September 30, 2026. in addition to the contribution from Universal TSS acquired in the fourth quarter of 2025.

Income from operations in our aviation segment for the three months ended June September 30, 2026 was $104.8 $77.5 million, an increase of $33.2 $0.4 million, or 46%, 1%, compared to the three months ended June September 30, 2025, driven by the increase in gross profit discussed above, partially offset by an increase in operating expenses. The increase in operating expenses was primarily attributable to the incremental operating costs associated with the Universal TSS business acquired in the fourth quarter of 2025, as well as higher incentive compensation costs partially offset by gains recognized on the sale of assets associated with business exits during the three months ended June September 30, 2026.

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Revenue $ 2,867.9 $ 2,425.0 $ 442.9

Gross profit $ 77.5 $ 67.4 $ 10.1

For the Three Months Ended June September 30,

Revenue $ 2,855.7 $ 2,535.6 $ 320.1

Gross profit $ 81.4 $ 81.4 $ —

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Land segment gross profit for the three months ended June 30, 2026 was $77.5 million, an increase of $10.1 million, or 15%, compared to the three months ended June 30, 2025. The increase in gross profit was principally driven by an increased contribution from our government business as well as higher contributions from our cardlock network and retail operations in North America.

Revenues in our land segment were $2.9 billion for the three months ended June September 30, 2026, an increase of $442.9 $320.1 million, or 18%, 13%, compared to the three months ended June September 30, 2025. The increase in revenue was principally driven by higher average prices, partially offset by a decrease in volume. Average fuel prices increased by 13%. 18%. Total volumes decreased by 115.1 178.2 million, or 9%, 13%, to 1.2 billion gallons or gallon equivalents, primarily attributable to decreased volumes in our European power business, which is considered non-core and in the process of being exited, as well as the Land Fuel Transportation and Lubricants business sold during the second quarter of 2026.

Land segment gross profit for the three months ended September 30, 2026 was $81.4 million, flat compared to gross profit of $81.4 million for the three months ended September 30, 2025, primarily attributable to higher contributions from our cardlock network and retail operations in North America, which were largely offset by the impact of the business activity exits initiated in the fourth quarter of 2025.

Income from operations in our land segment for the three months ended June September 30, 2026 was $6.3 $27.8 million, an increase of $373.2 $16.0 million, or 102%, 136%, compared to the three months ended June September 30, 2025, driven by a decrease in operating expenses as well as the increase in gross profit discussed above. The decrease in operating expenses was primarily attributable to lower asset impairment charges compared to the three months ended June 30, 2025, partially offset by restructuring and exit activity charges during the three months ended June 30, 2026 resulting from cost reduction impact of the business exits initiated during in the fourth quarter of 2025.

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Revenue $ 2,763.8 $ 1,893.2 $ 870.6

Gross profit $ 79.7 $ 27.0 $ 52.6

For the Three Months Ended June September 30,

Revenue $ 2,767.3 $ 1,988.1 $ 779.2

Gross profit $ 58.8 $ 25.5 $ 33.3

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Revenues in our marine segment were $2.8 billion for the three months ended June September 30, 2026, an increase of $870.6 $779.2 million, or 46%, 39%, compared to the three months ended June September 30, 2025. The increase in revenue was driven by higher average fuel prices, partially offset by a decrease in volume. The average price per metric ton of bunker fuel sold increased by 63%. 52%. Total volumes decreased by 0.4 0.3 million metric tons, or 10%, 8%, to 3.5 3.7 million, driven by due to reduced demand driven by the conflict in the Middle East. and a reduction in lower margin activity.

Marine segment gross profit for the three months ended June September 30, 2026 was $79.7 $58.8 million, an increase of $52.6 $33.3 million, or 195%, 131%, primarily driven by a higher profit contribution from our core resale business and certain physical locations, which benefited from increased bunker fuel prices and elevated market volatility.

Income from operations in our marine segment for the three months ended June September 30, 2026 was $22.2 $36.8 million, an increase of $47.8 $32.1 million, or 187%, 680%, compared to the three months ended June September 30, 2025, principally driven by the increase in gross profit discussed above, partially offset by an increase in operating expenses attributable to an increase in reserves for credit losses. incurred during the three months ended June 30, 2026, primarily driven by the deteriorating financial condition of a customer which filed for creditor protection during the second quarter of 2026 and is currently operating under court supervision, as well as higher incentive compensation costs.

Six Nine Months Ended June September 30, 2026 Compared to Six Nine Months Ended June September 30, 2025

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For the Six Months Ended June 30,

Revenue $ 23,276.2 $ 18,495.8

Cost of revenue 22,639.8 18,033.0

Gross profit 636.3 462.8

Compensation and employee benefits 276.2 210.6

General and administrative 194.9 139.7

For the Nine Months Ended September 30,

Revenue $ 36,546.9 $ 27,887.6

Cost of revenue 35,622.5 27,175.2

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Market risk 1 change

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For information about our derivative instruments at their respective fair value positions as of June September 30, 2026, see Note 4. Derivative Instruments.

Controls and procedures 2 changes

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As of the end of the period covered by this 10-Q Report, we evaluated, under the supervision and with the participation of our CEO and CFO, the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(e). Based upon this evaluation, the CEO and CFO concluded that our disclosure controls and procedures were effective at a reasonable assurance level as of June September 30, 2026.

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There were no changes in our internal control over financial reporting during the three months ended September 30, 2026 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. during the three months ended June 30, 2026.

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Unregistered sales of stock 7 changes

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The following table presents information with respect to repurchases of common stock made by us during the periods presented (in thousands, except average price paid per share):

or Programs Approximate Dollar

Value of Shares that

May Yet Be Purchased

Total 500 $ 28.56 500 $ 212,735

(1) The average price paid per share excludes the impact of the 1% Federal excise tax owed pursuant to the Inflation Reduction Act.

(2) On September 9, 2024 and December 4, 2025, we announced that our Board of Directors approved stock repurchase programs authorizing common stock repurchases of $200.0 million and $150.0 million, respectively. These repurchase authorizations do not require a minimum number of shares of common stock to be purchased, have no expiration date, and repurchases may be initiated, suspended or discontinued at any time. As of June September 30, 2026, approximately $212.7 million remained available under our repurchase authorizations. The timing and amount of our repurchases will depend on market conditions, share price, securities law and other legal requirements and factors. We did not repurchase any shares during the third quarter of 2026.

Other information 1 change

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During the three months ended June September 30, 2026, none of our officers (as defined in Rule 16a-1(f) of the Exchange Act) or directors adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.

Exhibits 2 changes

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101 The following materials from World Kinect Corporation's Quarterly Report on Form 10-Q for the quarter ended June September 30, 2026, formatted in XBRL (Extensible Business Reporting Language); (i) Condensed Consolidated Balance Sheets, (ii) Condensed Consolidated Statements of Income and Comprehensive Income, (iii) Condensed Consolidated Statements of Shareholders' Equity, (iv) Condensed Consolidated Statements of Cash Flows, and (v) Notes to the Condensed Consolidated Financial Statements.

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Date: July 24, October 30, 2026 World Kinect Corporation

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