Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.25.0.1
Segment Information
 3 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information
Note 9. Segment Information
Segments
Total revenues represent sales to unaffiliated customers, as reported in the Condensed Consolidated Statements of Operations. Goods and services produced by these segments are sold to wholesalers and processors in the United States, who prepare the products for consumption. The Company evaluates the segments’ performance based on direct margins (gross profit) from operations before general and administrative expenses, interest expense, other income (expense) and income taxes, not including nonrecurring gains and losses.
Information by operating segment is as follows:
(in thousands) Three Months Ended
December 31,
2024 2023
Revenues:
Alico Citrus $ 16,326  $ 13,592 
Land Management and Other Operations 568  393 
Total operating revenues $ 16,894  $ 13,985 
Operating expenses:
Alico Citrus $ 25,111  $ 28,107 
Land Management and Other Operations 21  133 
Total operating expenses $ 25,132  $ 28,240 
Gross (loss) profit:
Alico Citrus $ (8,785) $ (14,515)
Land Management and Other Operations 547  260 
Total gross (loss) profit $ (8,238) $ (14,255)
Depreciation, depletion and amortization:
Alico Citrus $ 3,761  $ 3,727 
Land Management and Other Operations 22  20 
Other Depreciation, Depletion and Amortization 41  57 
Total depreciation, depletion and amortization $ 3,824  $ 3,804 
(in thousands) December 31,
2024		 September 30,
2024
Assets:
Alico Citrus $ 382,831  $ 383,777 
Land Management and Other Operations 13,043  13,134 
Other Corporate Assets 1,722  1,808 
Total Assets $ 397,596  $ 398,719 
The reconciliations of segment gross profit (loss) to consolidated income (loss) before income taxes are as follows:
Three Months Ended December 31,
2024 2023
Alico Citrus $ (8,785) $ (14,515)
Land Management and Other Operations 547  260 
Segment gross loss (8,238) (14,255)
General and administrative expenses 2,586  3,272 
Loss from operations (10,824) (17,527)
Other (expense) income, net:
Interest income 47  95 
Interest expense (898) (1,605)
Gain on property and equipment —  77,025 
Other income, net 244  — 
Total other (expense) income, net (607) 75,515 
(Loss) income before income taxes $ (11,431) $ 57,988