QUARTERLY BUSINESS SEGMENT INFORMATION
(Unaudited, and in millions)
Three months ended March 31, 2025			Protein Solutions						Prepared Food and Beverage Solutions						Total
Revenue			$	377.7					$	476.4
Less:
Cost of sales			247.3						314.3
Research and development			19.7						9.5
Other segment items (1)			76.6						101.1
Add:
Depreciation and amortization			28.4						26.6
Segment Adjusted EBITDA (2)			$	62.5					$	78.1					$	140.6
Less:
Interest (income)															(1.4)
Interest expense															42.4
Other (income)															(2.0)
Pension expense, other than service cost															146.8
Restructuring related costs															10.6
M&A related costs															74.4
Depreciation and amortization															60.6
Unallocated amounts:
Corporate expense (3)															28.4
Income (loss) from continuing operations before income taxes															$	(219.2)

(1) Other segment items for each reportable segment include operating expenses, which primarily consist of selling, general and administrative expenses and corporate and shared service expenses allocated to each segment based upon benefits received. Other segment items exclude the impact of restructuring, M&A and other one-time related costs as they do not reflect the ongoing operations of the underlying business.

(2) Total segment Adjusted EBITDA excludes unallocated corporate expenses and therefore is not equivalent to consolidated total Adjusted EBITDA, which was previously disclosed in JBT Marel's Q1 2025 financial results furnished with the Company's Form 8-K filed on May 5, 2025.

(3) Corporate expense is primarily comprised of unallocated selling, general and administrative expenses and activity that does not meet the criteria of a reportable segment. Corporate expense excludes the impact of depreciation and amortization, restructuring, M&A and other one-time related and non-operating costs shown separately in the table above.

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QUARTERLY BUSINESS SEGMENT INFORMATION
(Unaudited, and in millions)
Three months ended June 30, 2025			Protein Solutions						Prepared Food and Beverage Solutions						Total
Revenue			$	421.5					$	513.3
Less:
Cost of sales			270.1						330.5
Research and development			20.6						9.7
Other segment items (1)			88.0						111.5
Add:
Depreciation and amortization			43.4						31.9
Segment Adjusted EBITDA (2)			$	86.2					$	93.5					$	179.7
Less:
Interest (income)															(2.8)
Interest expense															31.8
Other (income)															(3.0)
Loss on investment															10.6
Pension expense, other than service cost															0.2
Restructuring related costs															5.6
M&A related costs															20.0
Depreciation and amortization															82.5
Unallocated amounts:
Corporate expense (3)															23.5
Income from continuing operations before income taxes															$	11.6

(1) Other segment items for each reportable segment include operating expenses, which primarily consist of selling, general and administrative expenses and corporate and shared service expenses allocated to each segment based upon benefits received. Other segment items exclude the impact of restructuring, M&A and other one-time related costs as they do not reflect the ongoing operations of the underlying business.

(2) Total segment Adjusted EBITDA excludes unallocated corporate expenses and therefore is not equivalent to consolidated total Adjusted EBITDA, which was previously disclosed in JBT Marel's Q2 2025 financial results furnished with the Company's Form 8-K filed on August 5, 2025.

(3) Corporate expense is primarily comprised of unallocated selling, general and administrative expenses and activity that does not meet the criteria of a reportable segment. Corporate expense excludes the impact of depreciation and amortization, restructuring, M&A and other one-time related and non-operating costs shown separately in the table above.

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QUARTERLY BUSINESS SEGMENT INFORMATION
(Unaudited, and in millions)
Three months ended September 30, 2025			Protein Solutions						Prepared Food and Beverage Solutions						Total
Revenue			$	440.8					$	560.5
Less:
Cost of sales			268.6						372.9
Research and development			21.6						9.1
Other segment items (1)			72.6						108.0
Add:
Depreciation and amortization			16.0						31.9
Segment Adjusted EBITDA (2)			$	94.0					$	102.4					$	196.4
Less:
Interest (income)															(3.4)
Interest expense															24.7
Other (income)															(3.1)
Pension expense, other than service cost															0.2
Restructuring related costs															7.4
M&A related costs															5.8
Depreciation and amortization															55.4
Unallocated amounts:
Corporate expense (3)															25.5
Income from continuing operations before income taxes															$	83.7

(1) Other segment items for each reportable segment include operating expenses, which primarily consist of selling, general and administrative expenses and corporate and shared service expenses allocated to each segment based upon benefits received. Other segment items exclude the impact of restructuring, M&A and other one-time related costs as they do not reflect the ongoing operations of the underlying business.

(2) Total segment Adjusted EBITDA excludes unallocated corporate expenses and therefore is not equivalent to consolidated total Adjusted EBITDA, which was previously disclosed in JBT Marel's Q3 2025 financial results furnished with the Company's Form 8-K filed on November 3, 2025.

(3) Corporate expense is primarily comprised of unallocated selling, general and administrative expenses and activity that does not meet the criteria of a reportable segment. Corporate expense excludes the impact of depreciation and amortization, restructuring, M&A and other one-time related and non-operating costs shown separately in the table above.

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FY 2024 BUSINESS SEGMENT INFORMATION
(Unaudited, and in millions)
Twelve months ended December 31, 2024			Protein Solutions						Prepared Food and Beverage Solutions						Total
Revenue			$	168.7					$	1,547.3
Less:
Cost of sales			92.0						997.5
Research and development			3.2						17.7
Other segment items (1)			29.6						304.3
Add:
Depreciation and amortization			13.6						73.4
Segment Adjusted EBITDA (2)			$	57.5					$	301.2					$	358.7
Less:
Interest (income)															(23.7)
Interest expense															19.4
Pension expense, other than service cost															27.3
Restructuring related costs															1.4
M&A related costs															85.9
Depreciation and amortization															89.4
Unallocated amounts:
Corporate expense (3)															63.6
Income from continuing operations before income taxes															$	95.4

(1) Other segment items for each reportable segment include operating expenses, which primarily consist of selling, general and administrative expenses and corporate and shared service expenses allocated to each segment based upon benefits received. Other segment items exclude the impact of restructuring, M&A and other one-time related costs as they do not reflect the ongoing operations of the underlying business.

(2) Total segment Adjusted EBITDA excludes unallocated corporate expenses and therefore is not equivalent to consolidated total Adjusted EBITDA, which was previously disclosed in JBT Marel's full year 2024 financial results furnished with the Company's Form 8-K filed on February 24, 2025.

(3) Corporate expense is primarily comprised of unallocated selling, general and administrative expenses and activity that does not meet the criteria of a reportable segment. Corporate expense excludes the impact of depreciation and amortization, restructuring, M&A and other one-time related and non-operating costs shown separately in the table above.

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FY 2023 BUSINESS SEGMENT INFORMATION
(Unaudited, and in millions)
Twelve months ended December 31, 2023			Protein Solutions						Prepared Food and Beverage Solutions						Total
Revenue			$	187.8					$	1,476.6
Less:
Cost of sales			108.5						970.2
Research and development			4.9						15.7
Other segment items (1)			30.6						287.2
Add:
Depreciation and amortization			13.9						74.0
Segment Adjusted EBITDA (2)			$	57.7					$	277.5					$	335.2
Less:
Interest (income)															(13.4)
Interest expense															24.3
Pension expense, other than service cost															0.7
Restructuring related costs															11.4
M&A related costs															6.0
Depreciation and amortization															91.3
Unallocated amounts:
Corporate expense (3)															61.8
Income from continuing operations before income taxes															$	153.1

(1) Other segment items for each reportable segment include operating expenses, which primarily consist of selling, general and administrative expenses and corporate and shared service expenses allocated to each segment based upon benefits received. Other segment items exclude the impact of restructuring, M&A and other one-time related costs as they do not reflect the ongoing operations of the underlying business.

(2) Total segment Adjusted EBITDA excludes unallocated corporate expenses and therefore is not equivalent to consolidated total Adjusted EBITDA, which was previously disclosed in JBT Marel's full year 2023 financial results furnished with the Company's Form 8-K filed on February 20, 2024.

(3) Corporate expense is primarily comprised of unallocated selling, general and administrative expenses and activity that does not meet the criteria of a reportable segment. Corporate expense excludes the impact of depreciation and amortization, restructuring, M&A and other one-time related and non-operating costs shown separately in the table above.