Quarterly report [Sections 13 or 15(d)]

Segment Information

v3.25.2
Segment Information
 9 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information
Note 10. 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
June 30,		 Nine Months Ended
June 30,
2025 2024 2025 2024
Revenues:
Alico Citrus $ 7,805  $ 13,237  $ 41,384  $ 44,591 
Land Management and Other Operations 585  373  1,880  1,117 
Total operating revenues $ 8,390  $ 13,610  43,264  45,708 
Operating expenses:
Alico Citrus $ 36,304  $ 17,813  229,022  82,062 
Land Management and Other Operations 142  84  233  346 
Total operating expenses $ 36,446  $ 17,897  229,255  82,408 
Gross (loss) profit:
Alico Citrus $ (28,499) $ (4,576) (187,638) (37,471)
Land Management and Other Operations 443  289  1,647  771 
Total gross (loss) profit $ (28,056) $ (4,287) $ (185,991) $ (36,700)
Depreciation, depletion and amortization:
Alico Citrus $ 44,359  $ 3,660  $ 170,061  $ 11,111 
Land Management and Other Operations 11  9  55  46 
Other Depreciation, Depletion and Amortization 169  46  684  160 
Total depreciation, depletion and amortization $ 44,539  $ 3,715  $ 170,800  $ 11,317 
(in thousands) June 30,
2025		 September 30,
2024
Assets:
Alico Citrus $ 196,596  $ 383,777 
Land Management and Other Operations 12,491  13,134 
Other Corporate Assets 1,473  1,808 
Total Assets $ 210,560  $ 398,719 
The reconciliations of segment gross profit (loss) to consolidated income (loss) before income taxes are as follows:
Three Months Ended June 30, Nine Months Ended June 30,
2025 2024 2025 2024
Alico Citrus $ (28,499) $ (4,576) $ (187,638) $ (37,471)
Land Management and Other Operations 443  289  1,647  771 
Segment gross loss (28,056) (4,287) (185,991) (36,700)
General and administrative expenses 2,867  2,441  8,841  8,034 
Loss from operations (30,923) (6,728) (194,832) (44,734)
Other income, net:
Interest income 153  95  259  345 
Interest expense (907) (628) (2,964) (2,896)
Gain on sale of property and equipment 5,553  4,491  21,400  81,520 
Other income, net —  —  255  — 
Total other income, net 4,799  3,958  18,950  78,969 
(Loss) income before income taxes $ (26,124) $ (2,770) $ (175,882) $ 34,235