Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Operating revenues:        
Total operating revenues $ 17,980 $ 18,113 $ 34,874 $ 32,098
Operating expenses:        
Total operating expenses 167,677 36,271 192,809 64,511
Gross loss (149,697) (18,158) (157,935) (32,413)
General and administrative expenses 3,388 2,321 5,974 5,593
Loss from operations (153,085) (20,479) (163,909) (38,006)
Other income (expense), net:        
Interest income 59 155 106 250
Interest expense (1,159) (663) (2,057) (2,268)
Gain on sale of property and equipment 15,847 4 15,847 77,029
Other income, net 11 0 255 0
Total other income (expense), net 14,758 (504) 14,151 75,011
(Loss) income before income taxes (138,327) (20,983) (149,758) 37,005
Income tax (benefit) provision (26,894) (4,970) (29,074) 10,582
Net (loss) income (111,433) (16,013) (120,684) 26,423
Net loss attributable to noncontrolling interests 48 209 132 718
Net (loss) income attributable to Alico, Inc. common stockholders $ (111,385) $ (15,804) $ (120,552) $ 27,141
(Loss) earnings per common share:        
Basic (in dollars per share) $ (14.58) $ (2.07) $ (15.79) $ 3.56
Diluted (in dollars per share) $ (14.58) $ (2.07) $ (15.79) $ 3.56
Weighted-average number of common shares outstanding:        
Basic (in shares) 7,637,000 7,620,000 7,635,000 7,618,000
Diluted (in shares) 7,637,000 7,620,000 7,635,000 7,618,000
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Alico Citrus        
Operating revenues:        
Total operating revenues $ 17,253 $ 17,762 $ 33,579 $ 31,354
Operating expenses:        
Total operating expenses 167,607 36,142 192,718 64,249
Land Management and Other Operations        
Operating revenues:        
Total operating revenues 727 351 1,295 744
Operating expenses:        
Total operating expenses $ 70 $ 129 $ 91 $ 262