| Schedule of information by business segment |
Information by operating segment is as follows:
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| (in thousands) |
Three Months Ended
March 31, |
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Six Months Ended
March 31, |
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2025 |
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2024 |
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2025 |
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2024 |
| Revenues: |
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| Alico Citrus |
$ |
17,253 |
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$ |
17,762 |
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$ |
33,579 |
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$ |
31,354 |
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| Land Management and Other Operations |
727 |
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|
351 |
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1,295 |
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|
744 |
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| Total operating revenues |
$ |
17,980 |
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$ |
18,113 |
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34,874 |
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32,098 |
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| Operating expenses: |
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| Alico Citrus |
$ |
167,607 |
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$ |
36,142 |
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192,718 |
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64,249 |
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| Land Management and Other Operations |
70 |
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129 |
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91 |
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262 |
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| Total operating expenses |
$ |
167,677 |
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$ |
36,271 |
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192,809 |
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64,511 |
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| Gross (loss) profit: |
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| Alico Citrus |
$ |
(150,354) |
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$ |
(18,380) |
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(159,139) |
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(32,895) |
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| Land Management and Other Operations |
657 |
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222 |
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1,204 |
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|
482 |
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| Total gross (loss) profit |
$ |
(149,697) |
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$ |
(18,158) |
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$ |
(157,935) |
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$ |
(32,413) |
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| Depreciation, depletion and amortization: |
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| Alico Citrus |
$ |
121,941 |
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$ |
3,724 |
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$ |
125,702 |
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$ |
7,451 |
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| Land Management and Other Operations |
22 |
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17 |
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44 |
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37 |
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| Other Depreciation, Depletion and Amortization |
474 |
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57 |
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515 |
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114 |
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| Total depreciation, depletion and amortization |
$ |
122,437 |
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$ |
3,798 |
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$ |
126,261 |
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$ |
7,602 |
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| (in thousands) |
March 31,
2025 |
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September 30,
2024 |
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| Assets: |
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| Alico Citrus |
$ |
228,168 |
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$ |
383,777 |
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| Land Management and Other Operations |
13,397 |
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13,134 |
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| Other Corporate Assets |
1,600 |
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1,808 |
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| Total Assets |
$ |
243,165 |
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$ |
398,719 |
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The reconciliations of segment gross profit (loss) to consolidated income (loss) before income taxes are as follows:
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Three Months Ended March 31, |
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Six Months Ended March 31, |
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2025 |
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2024 |
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2025 |
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2024 |
| Alico Citrus |
$ |
(150,354) |
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$ |
(18,380) |
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$ |
(159,139) |
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$ |
(32,895) |
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| Land Management and Other Operations |
657 |
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|
222 |
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|
1,204 |
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|
482 |
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| Segment gross loss |
(149,697) |
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(18,158) |
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(157,935) |
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(32,413) |
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| General and administrative expenses |
3,388 |
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2,321 |
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5,974 |
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5,593 |
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| Loss from operations |
(153,085) |
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(20,479) |
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(163,909) |
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(38,006) |
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| Other income (expense), net: |
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| Interest income |
59 |
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|
155 |
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|
106 |
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|
250 |
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| Interest expense |
(1,159) |
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(663) |
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(2,057) |
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(2,268) |
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| Gain on sale of property and equipment |
15,847 |
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4 |
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15,847 |
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77,029 |
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| Other income, net |
11 |
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— |
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255 |
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— |
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| Total other income (expense), net |
14,758 |
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(504) |
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14,151 |
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75,011 |
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| (Loss) income before income taxes |
$ |
(138,327) |
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$ |
(20,983) |
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$ |
(149,758) |
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$ |
37,005 |
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