Dow — Apr 24, 2025 release

EXPANDING SCOPE OF EUROPEAN ASSET REVIEW In addition, the Company is expanding its previously announced European asset review, which is focused on addressing the persistently challenging demand dynamics and regulatory environment in the region. The Company is committed to completing the full review by mid-2025, including all value-creating options for its Polyurethanes business in the region. Dow has identified three initial assets across all of its operating segments that it believes will require further action. The assets listed below represent higher-cost, energy intensive upstream portions of the Company’s portfolio, including potential outcomes: • Packaging & Specialty Plastics: Ethylene cracker in Böhlen, Germany, resulting in idle or shut down • Industrial Intermediates & Infrastructure: Chlor-alkali & vinyl (CAV) assets in Schkopau, Germany, resulting in idle or shut down • Performance Materials & Coatings: Basics siloxanes plant in Barry, U.K., resulting in shut down SUMMARY FINANCIAL RESULTS Three Months Ended Mar 31 Three Months Ended Dec 31 In millions, except per share amounts 1Q25 1Q24 vs. SQLY [B / (W)] 4Q24 vs. PQ [B / (W)] Net Sales $ 10,431  $ 10,765  $ (334) $ 10,405  $ 26  GAAP Income (Loss), Net of Tax $ (290) $ 538  $ (828) $ (35) $ (255) Operating EBIT 1 $ 230  $ 674  $ (444) $ 454  $ (224) Operating EBITDA 1 $ 944  $ 1,394  $ (450) $ 1,205  $ (261) GAAP Earnings (Loss) Per Share $ (0.44) $ 0.73  $ (1.17) $ (0.08) $ (0.36) Operating Earnings Per Share 1 $ 0.02  $