Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 4,388 $ 3,150
Accounts receivable, net 8,602 771
Inventories 20,814 30,084
Income tax receivable 1,958 1,958
Assets held for sale 3,345 3,106
Prepaid expenses and other current assets 1,711 1,558
Total current assets 40,818 40,627
Restricted cash 762 248
Property and equipment, net 350,907 352,733
Goodwill 2,246 2,246
Other non-current assets 2,863 2,865
Total assets 397,596 398,719
Current liabilities:    
Accounts payable 3,236 3,362
Accrued liabilities 3,293 5,366
Current portion of long-term debt 1,410 1,410
Other current liabilities 498 513
Total current liabilities 8,437 10,651
Long-term debt, net 81,984 82,313
Lines of credit 21,494 8,394
Deferred income tax liabilities, net 38,694 40,873
Other liabilities 146 193
Total liabilities 150,755 142,424
Commitments and Contingencies - Note 12.
Stockholders’ equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued 0 0
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 shares issued and 7,633,069 and 7,628,639 shares outstanding at December 31, 2024 and September 30, 2024, respectively 8,416 8,416
Additional paid in capital 20,226 20,184
Treasury stock, at cost, 783,076 and 787,506 shares held at December 31, 2024 and September 30, 2024, respectively (26,557) (26,694)
Retained earnings 239,704 249,253
Total Alico stockholders’ equity 241,789 251,159
Noncontrolling interest 5,052 5,136
Total stockholders’ equity 246,841 256,295
Total liabilities and stockholders’ equity $ 397,596 $ 398,719