Quarterly report [Sections 13 or 15(d)]

Inventories

v3.26.1
Inventories
6 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventories
Note 3. Inventories
Inventories consist of the following at March 31, 2026 and September 30, 2025:
(in thousands) March 31,
2026
September 30,
2025
Unharvested fruit crop on the trees $ 1,244  $ 3,859 
Other 236  361 
Total inventories $ 1,480  $ 4,220 
The Company records its inventory at the lower of cost or net realizable value.
For the six months ended March 31, 2026, the Company did not recognize an inventory adjustment. For the six months ended March 31, 2025, the Company recorded an inventory adjustment of $9,895, to reduce inventory to net realizable value within Operating expenses. The inventory adjustment during the six months ended March 31, 2025 was due to a lower than anticipated harvest of the Early and Mid-Season crop and a reduction in our estimate for the Valencia harvest, as a result of Hurricane Milton, which hit in October 2024.