Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Jun. 30, 2026 |
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| Accounting Policies [Abstract] |
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| Schedule of Disaggregation of Revenue |
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| (in thousands) |
Three Months Ended
June 30, |
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Nine Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
| Revenue recognized at a point-in-time |
$ |
8,230 |
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$ |
7,798 |
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$ |
13,982 |
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$ |
40,496 |
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| Revenue recognized over time |
810 |
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|
592 |
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|
2,285 |
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|
2,768 |
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| Total |
$ |
9,040 |
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$ |
8,390 |
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$ |
16,267 |
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$ |
43,264 |
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Revenues disaggregated by significant products and services for the three and nine months ended June 30, 2026 and 2025 are as follows:
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| (in thousands) |
Three Months Ended
June 30, |
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Nine Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
| Alico Citrus |
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| Early and Mid-Season |
$ |
— |
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$ |
— |
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$ |
1,915 |
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$ |
15,577 |
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| Valencias |
1,123 |
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|
7,795 |
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3,281 |
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24,088 |
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| Fresh Fruit and Other |
— |
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3 |
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|
588 |
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831 |
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| Grove Management Services |
— |
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|
7 |
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13 |
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|
888 |
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| Total |
$ |
1,123 |
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$ |
7,805 |
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$ |
5,797 |
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$ |
41,384 |
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| Land Management and Other Operations |
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| Land and Other Leasing |
$ |
7,782 |
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$ |
496 |
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$ |
10,100 |
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$ |
1,649 |
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| Other |
135 |
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89 |
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370 |
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231 |
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| Total |
$ |
7,917 |
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$ |
585 |
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$ |
10,470 |
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$ |
1,880 |
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| Total Revenues |
$ |
9,040 |
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$ |
8,390 |
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$ |
16,267 |
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$ |
43,264 |
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| Schedule of Minimum Future Base Rental Revenue on Non-Cancelable Leases |
Minimum future base rental revenue on non-cancelable leases subsequent to June 30, 2026 are summarized as follows. Certain of our leases include renewal options which could be exercised at the lessee’s discretion and are not included in the amounts in the table below.
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| (in thousands) |
June 30, 2026 |
| Fiscal 2026 |
$ |
659 |
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| Fiscal 2027 |
1,899 |
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| Fiscal 2028 |
1,918 |
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| Fiscal 2029 |
1,812 |
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| Fiscal 2030 |
1,819 |
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| Thereafter |
8,457 |
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| Total |
$ |
16,564
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| Schedule of Restricted Cash |
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| (in thousands) |
June 30,
2026 |
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September 30,
2025 |
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| Cash and cash equivalents |
$ |
55,584 |
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$ |
38,128 |
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| Restricted cash |
762 |
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|
762 |
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| Cash and cash equivalents and restricted cash |
$ |
56,346 |
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$ |
38,890 |
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| Schedule of Restricted Cash |
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| (in thousands) |
June 30,
2026 |
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September 30,
2025 |
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| Cash and cash equivalents |
$ |
55,584 |
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$ |
38,128 |
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| Restricted cash |
762 |
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|
762 |
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| Cash and cash equivalents and restricted cash |
$ |
56,346 |
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$ |
38,890 |
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| Schedule of Fair Value, Liabilities Measured on Recurring Basis |
The carrying amounts and estimated fair values (Level 2) of note receivable and debt instruments are as follows:
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| (in thousands) |
June 30, 2026 |
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September 30, 2025 |
| Carrying Amount |
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Estimated Fair Value |
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Carrying Amount |
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Estimated Fair Value |
| Other non-current assets |
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| Note receivable from Corkscrew Grove Stewardship District |
$ |
5,071 |
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$ |
4,793 |
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$ |
— |
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$ |
— |
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| Corporate debt |
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| Current portion of long-term debt |
$ |
250 |
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$ |
247 |
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$ |
250 |
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$ |
250 |
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| Long-term debt |
$ |
85,513 |
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$ |
80,979 |
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$ |
85,700 |
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$ |
81,668 |
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| Schedule of Weighted Average Number of Shares |
The following table presents a reconciliation of basic to diluted weighted average common shares outstanding for the three and nine months ended June 30, 2026 and 2025:
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| (in thousands) |
Three Months Ended
June 30, |
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Nine Months Ended
June 30, |
| 2026 |
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2025 |
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2026 |
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2025 |
| Weighted Average Common Shares Outstanding – Basic |
7,419 |
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|
7,641 |
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|
7,566 |
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|
7,637 |
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| Effect of dilutive securities – stock options and restricted stock units |
18 |
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— |
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11 |
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— |
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| Weighted Average Common Shares Outstanding – Diluted |
7,437 |
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7,641 |
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|
7,577 |
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7,637 |
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| Schedule of Revenue by Major Customers by Reporting Segments |
Accounts receivable from the Company’s major customers as of June 30, 2026 and September 30, 2025, and revenue from such customer for the nine months ended June 30, 2026 and 2025, are as follows:
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| (in thousands) |
Accounts Receivable |
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Revenue |
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% of Total Revenue |
| June 30, |
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September 30, |
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Nine Months Ended
June 30, |
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Nine Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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2026 |
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2025 |
| Tropicana |
$ |
— |
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$ |
— |
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$ |
— |
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$ |
38,434 |
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— |
% |
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88.8 |
% |
| Kobie Cattle Company |
$ |
396 |
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$ |
— |
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$ |
7,853 |
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$ |
— |
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48.3 |
% |
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— |
% |
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