| Schedule of Information by Operating Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Nine Months Ended June 30, |
| (in thousands) |
2026 |
|
2025 |
|
2026 |
|
2025 |
| Revenues |
|
|
|
|
|
|
|
| Alico Citrus |
$ |
1,123 |
|
|
$ |
7,805 |
|
|
$ |
5,797 |
|
|
$ |
41,384 |
|
| Land Management and Other Operations |
7,917 |
|
|
585 |
|
|
10,470 |
|
|
1,880 |
|
| Total operating revenues |
9,040 |
|
|
8,390 |
|
|
16,267 |
|
|
43,264 |
|
|
|
|
|
|
|
|
|
| Expenses |
|
|
|
|
|
|
|
| Operating expenses |
4,994 |
|
|
36,446 |
|
|
22,363 |
|
|
229,255 |
|
| Depreciation, depletion and amortization included within operating expenses |
2,119 |
|
|
44,370 |
|
|
12,718 |
|
|
170,116 |
|
| Operating expenses, excluding depreciation, depletion and amortization |
2,875 |
|
|
(7,924) |
|
|
9,645 |
|
|
59,139 |
|
|
|
|
|
|
|
|
|
| General and administrative expenses |
2,258 |
|
|
2,867 |
|
|
8,492 |
|
|
8,841 |
|
| Depreciation, depletion and amortization included within general and administrative expenses |
14 |
|
|
169 |
|
|
43 |
|
|
684 |
|
| General and administrative expenses, excluding Depreciation, depletion and amortization |
2,244 |
|
|
2,698 |
|
|
8,449 |
|
|
8,157 |
|
|
|
|
|
|
|
|
|
| Gain on sale of property and equipment |
98 |
|
|
5,553 |
|
|
24,767 |
|
|
21,400 |
|
|
|
|
|
|
|
|
|
| Income (loss) from operations |
$ |
1,886 |
|
|
$ |
(25,370) |
|
|
$ |
10,179 |
|
|
$ |
(173,432) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Nine Months Ended June 30, |
| (in thousands) |
2026 |
|
2025 |
|
2026 |
|
2025 |
| Net income (loss) attributable to Alico, Inc. common stockholders |
$ |
2,125 |
|
|
$ |
(18,289) |
|
|
$ |
10,025 |
|
|
$ |
(138,841) |
|
| Interest expense, net |
436 |
|
|
754 |
|
|
1,421 |
|
|
2,705 |
|
| Income tax benefit |
(93) |
|
|
(7,800) |
|
|
(476) |
|
|
(36,874) |
|
| Depreciation, depletion and amortization |
2,133 |
|
|
44,539 |
|
|
12,761 |
|
|
170,800 |
|
| EBITDA |
4,601 |
|
|
19,204 |
|
|
23,731 |
|
|
(2,210) |
|
| Non-GAAP Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Impairment of long-lived assets |
— |
|
|
— |
|
|
— |
|
|
24,966 |
|
| Restructuring and other charges |
— |
|
|
69 |
|
|
471 |
|
|
2,574 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Adjusted EBITDA |
$ |
4,601 |
|
|
$ |
19,273 |
|
|
$ |
24,202 |
|
|
$ |
25,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
June 30,
2026 |
|
September 30,
2025 |
| Current portion of long-term debt |
$ |
250 |
|
|
$ |
250 |
|
| Long-term debt, net |
82,668 |
|
|
82,797 |
|
| Lines of credit |
2,500 |
|
|
2,500 |
|
| Total Debt |
85,418 |
|
|
85,547 |
|
| Less: Cash and cash equivalents |
(55,584) |
|
|
(38,128) |
|
| Net Debt |
$ |
29,834 |
|
|
$ |
47,419 |
|
|