Quarterly report [Sections 13 or 15(d)]

Assets Held for Sale

v3.25.4
Assets Held for Sale
3 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale
Note 4. Assets Held for Sale
In accordance with its strategy to dispose of non-core and under-performing assets, the following assets have been classified as assets held for sale at December 31, 2025 and September 30, 2025:
(in thousands) Carrying Value
December 31,
2025
September 30,
2025
Alico Citrus 6,321  9,176 
Total assets held for sale $ 6,321  $ 9,176 

As of December 31, 2025, the Company had an agreement to sell approximately 2,950 acres of citrus land for $26,859 ($9,110 per acre), which was sold on January 14, 2026 (see Note 15. Subsequent Events).

During the three months ended December 31, 2025, the Company sold approximately 600 acres of land for $7,653, the proceeds of which will be used for general corporate purposes. No land was sold during the three months ended December 31, 2024.