Corteva completes Seed Business spin-off into Vylor; New Corteva posts $3.85B H1 net sales

Corteva, Inc.

Corteva completed the separation of its Seed Business into independent publicly traded Vylor Inc. on Oct. 1, 2026, via pro rata dividend of all Vylor shares to holders of record Sept. 24, 2026.
New Corteva is Corteva's Crop Protection business; attached exhibits include audited FY2025-2023 statements, interim June 30, 2026 statements, non-GAAP measures, and pro forma statements.
New Corteva H1 2026 net sales rose to $3,851M from $3,731M; net income fell to $157M from $241M, and continuing-ops income after tax was $211M vs. $318M.
June 30, 2026 balance sheet: cash $1,904M; short-term borrowings $3,092M, up from $782M at Dec. 31, 2025; long-term debt $1,682M; total assets $20,305M.
New Corteva cash used in operating activities was $965M in H1 2026 vs. $80M provided in H1 2025; net parent investment fell to $10,127M from $12,993M at Dec. 31, 2025.

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