Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Sep. 30, 2025
Current assets:    
Cash and cash equivalents $ 52,879 $ 38,128
Accounts receivable, net 2,189 1,014
Inventories 1,480 4,220
Income tax receivable 0 338
Assets held for sale 0 9,176
Prepaid expenses and other current assets 1,667 2,043
Total current assets 58,215 54,919
Restricted cash 762 762
Property and equipment, net 132,050 142,065
Goodwill 2,246 2,246
Other non-current assets 6,584 1,535
Total assets 199,857 201,527
Current liabilities:    
Accounts payable 1,006 403
Accrued liabilities 3,778 4,563
Current portion of long-term debt 250 250
Income tax payable 597 0
Other current liabilities 412 527
Total current liabilities 6,043 5,743
Long-term debt, net 82,708 82,797
Lines of credit 2,500 2,500
Deferred income tax liabilities, net 1,475 2,455
Other liabilities 0 38
Total liabilities 92,726 93,533
Commitments and Contingencies - Note 13.
Stockholders’ equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued 0 0
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 shares issued and 7,451,988 and 7,645,360 shares outstanding at March 31, 2026 and September 30, 2025, respectively 8,416 8,416
Additional paid in capital 20,544 20,410
Treasury stock, at cost, 964,157 and 770,785 shares held at March 31, 2026 and September 30, 2025, respectively (34,103) (26,185)
Retained earnings 107,525 100,391
Total Alico stockholders’ equity 102,382 103,032
Noncontrolling interest 4,749 4,962
Total stockholders’ equity 107,131 107,994
Total liabilities and stockholders’ equity $ 199,857 $ 201,527