| Schedule of Information by Operating Segment |
Information by operating segment is as follows:
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| (in thousands) |
Three Months Ended
March 31, |
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Six Months Ended
March 31, |
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2026 |
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2025 |
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2026 |
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2025 |
| Revenues: |
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| Alico Citrus |
$ |
3,791 |
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$ |
17,253 |
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$ |
4,674 |
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$ |
33,579 |
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| Land Management and Other Operations |
1,549 |
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727 |
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2,553 |
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1,295 |
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| Total operating revenues |
$ |
5,340 |
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$ |
17,980 |
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$ |
7,227 |
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$ |
34,874 |
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| Segment expenses: |
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| Alico Citrus |
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| Cost of Sales |
$ |
8,752 |
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$ |
167,106 |
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$ |
15,991 |
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$ |
187,614 |
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| Harvesting and Hauling |
142 |
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4,410 |
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295 |
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8,505 |
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| Fresh Fruit and other |
— |
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(3,902) |
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— |
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(3,852) |
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| Grove Management Services |
— |
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(7) |
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— |
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451 |
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| Total Alico Citrus operating expenses |
$ |
8,894 |
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$ |
167,607 |
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$ |
16,286 |
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$ |
192,718 |
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| Land Management and Other Operations |
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| Land and other leasing |
$ |
1,030 |
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$ |
70 |
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$ |
1,079 |
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$ |
87 |
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| Other |
4 |
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— |
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4 |
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4 |
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| Total Land Management and Other Operations |
$ |
1,034 |
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$ |
70 |
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$ |
1,083 |
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$ |
91 |
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| Total operating expenses |
$ |
9,928 |
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$ |
167,677 |
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$ |
17,369 |
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$ |
192,809 |
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| Gross segment (loss) profit |
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| Alico Citrus |
$ |
(5,103) |
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$ |
(150,354) |
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$ |
(11,612) |
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$ |
(159,139) |
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| Land Management and Other Operations |
515 |
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657 |
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1,470 |
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1,204 |
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| Total gross loss |
$ |
(4,588) |
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$ |
(149,697) |
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$ |
(10,142) |
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$ |
(157,935) |
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| Depreciation, depletion and amortization: |
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| Alico Citrus |
$ |
4,466 |
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$ |
121,941 |
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$ |
10,336 |
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$ |
125,702 |
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| Land Management and Other Operations |
235 |
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22 |
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263 |
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44 |
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| Other Corporate Assets |
14 |
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474 |
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29 |
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515 |
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| Total depreciation, depletion and amortization |
$ |
4,715 |
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$ |
122,437 |
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$ |
10,628 |
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$ |
126,261 |
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| (in thousands) |
March 31,
2026 |
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September 30,
2025 |
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| Assets: |
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| Alico Citrus |
$ |
97,886 |
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$ |
173,573 |
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| Land Management and Other Operations |
100,065 |
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26,263 |
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| Other Corporate Assets |
1,906 |
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1,691 |
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| Total Assets |
$ |
199,857 |
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$ |
201,527 |
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| Schedule of Reconciliations of Segment Gross Income (Loss) to Consolidated Loss Before Income Taxes |
The reconciliations of segment gross income (loss) to consolidated loss before income taxes are as follows:
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| (in thousands) |
Three Months Ended March 31, |
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Six Months Ended March 31, |
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2026 |
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2025 |
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2026 |
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2025 |
| Alico Citrus |
$ |
(5,103) |
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$ |
(150,354) |
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$ |
(11,612) |
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$ |
(159,139) |
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| Land Management and Other Operations |
515 |
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|
657 |
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1,470 |
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1,204 |
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| Segment gross loss |
(4,588) |
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(149,697) |
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(10,142) |
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(157,935) |
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| General and administrative expenses |
3,233 |
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3,388 |
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6,234 |
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5,974 |
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| Loss from operations |
(7,821) |
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(153,085) |
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(16,376) |
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(163,909) |
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| Other income, net: |
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| Interest income |
552 |
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59 |
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939 |
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106 |
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| Interest expense |
(959) |
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(1,159) |
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(1,924) |
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(2,057) |
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| Gain on sale of property and equipment |
19,729 |
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15,847 |
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24,669 |
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15,847 |
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| Other income, net |
(4) |
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11 |
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(4) |
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255 |
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| Total other income, net |
19,318 |
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14,758 |
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23,680 |
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14,151 |
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| Income (loss) before income taxes |
$ |
11,497 |
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$ |
(138,327) |
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$ |
7,304 |
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$ |
(149,758) |
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