Quarterly report [Sections 13 or 15(d)]

Segment Information

v3.25.4
Segment Information
 3 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information
Note 10. Segment Information
Segments
Our Chief Executive Officer, who is also our CODM, assesses performance and allocates resources based on the operating performance of two reportable segments: Alico Citrus and Land Management and Other Operations. The operating segments represent the primary components that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available and which is regularly provided to the Company’s CODM. In identifying our reportable segments, the Company also considered the nature of services provided by our operating segments, economic characteristics in which the segments operate and other relevant factors.
Total revenues represent sales to unaffiliated customers, as reported in the Consolidated Statements of Operations. Goods and services produced by these segments are sold to wholesalers and processors in the United States who prepare the products for consumption. The Company's CODM evaluates the segments’ performance based on Revenues and Gross profit (loss) from operations.
Information by operating segment is as follows:
(in thousands) Three Months Ended
December 31,
2025 2024
Revenues:
Alico Citrus $ 883  $ 16,326 
Land Management and Other Operations 1,004  568 
Total operating revenues $ 1,887  $ 16,894 
Segment expenses:
Alico Citrus
Cost of Sales $ 7,239  $ 20,508 
Harvesting and Hauling 153  4,095 
Fresh Fruit and other —  50 
Grove Management Services —  458 
Total Alico Citrus operating expenses $ 7,392  $ 25,111 
Land Management and Other Operations
Land and other leasing $ 49  $ 17 
Other —  4 
Total Land Management and Other Operations $ 49  $ 21 
Total operating expenses $ 7,441  $ 25,132 
Gross segment (loss) profit
Alico Citrus $ (6,509) $ (8,785)
Land Management and Other Operations 955  547 
Total gross loss $ (5,554) $ (8,238)
Depreciation, depletion and amortization:
Alico Citrus $ 5,870  $ 3,761 
Land Management and Other Operations 28  22 
Other Corporate Assets 15  41 
Total depreciation, depletion and amortization $ 5,913  $ 3,824 
(in thousands) December 31,
2025		 September 30,
2025
Assets:
Alico Citrus $ 97,763  $ 173,573 
Land Management and Other Operations 95,665  26,263 
Other Corporate Assets 1,534  1,691 
Total Assets $ 194,962  $ 201,527 
The reconciliations of segment gross loss to consolidated loss before income taxes are as follows:
(in thousands) Three Months Ended December 31,
2025 2024
Alico Citrus $ (6,509) $ (8,785)
Land Management and Other Operations 955  547 
Segment gross loss (5,554) (8,238)
General and administrative expenses 3,001  2,586 
Loss from operations (8,555) (10,824)
Other income (expense), net:
Interest income 387  47 
Interest expense (965) (898)
Gain on sale of property and equipment 4,940  — 
Other income, net —  244 
Total other income (expense), net 4,362  (607)
Loss before income taxes $ (4,193) $ (11,431)