Alico, Inc. Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

3 Months Ended

Dec. 31, 2025

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)