Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating revenues:    
Total operating revenues $ 46,643 $ 39,846
Operating expenses:    
Total operating expenses 103,026 33,400
Gross (loss) profit (56,383) 6,446
General and administrative expenses 11,071 10,643
Loss from operations (67,454) (4,197)
Other income (expense), net:    
Interest income 385 58
Interest expense (3,538) (4,911)
Gain on sale of property & equipment 81,559 11,509
Total other income, net 78,406 6,656
Income before income taxes 10,952 2,459
Income tax provision 4,597 801
Net income 6,355 1,658
Net loss attributable to noncontrolling interests 618 177
Net income attributable to Alico, Inc. common stockholders $ 6,973 $ 1,835
Earnings per common share:    
Basic (in dollars per share) $ 0.91 $ 0.24
Diluted (in dollars per share) $ 0.91 $ 0.24
Weighted-average number of common shares outstanding:    
Basic (in shares) 7,622,000 7,602,000
Diluted (in shares) 7,622,000 7,602,000
Cash dividends declared per common share (in dollars per share) $ 0.20 $ 0.20
Alico Citrus    
Operating revenues:    
Total operating revenues $ 45,059 $ 38,145
Operating expenses:    
Total operating expenses 102,628 32,959
Land Management and Other Operations    
Operating revenues:    
Total operating revenues 1,584 1,701
Operating expenses:    
Total operating expenses $ 398 $ 441