Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Information

v3.25.3
Segment Information
 12 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information
Note 11. Segment Information
Segments
Our Chief Executive Officer, who is also our chief operating decision maker (“CODM”), assesses performance and allocates resources based on the operating performance of two reportable segments: Alico Citrus and Land Management and Other Operations. The operating segments represent the primary components that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available and which is regularly provided to the Company’s CODM. In identifying our reportable segments, the Company also considered the nature of services provided by our operating segments, economic characteristics in which the segments operate and other relevant factors.
Total revenues represent sales to unaffiliated customers, as reported in the 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's CODM evaluates the segments’ performance based on Revenues and Gross profit (loss) from operations.
Information by reportable segment is as follows:
(in thousands) Years Ended September 30,
2025 2024
Revenues:
Alico Citrus $ 41,337  $ 45,059 
Land Management and Other Operations 2,729  1,584 
Total operating revenues $ 44,066  $ 46,643 
Segment expenses:
Alico Citrus
Cost of Sales 245,123  89,420 
Harvesting and Hauling 10,743  11,843 
Fresh Fruit and other (20,193) (228)
Grove Management Services 168  1,593 
Total Alico Citrus operating expenses $ 235,841  $ 102,628 
Land Management and Other Operations
Land and other leasing 414  393 
Other 5  5 
Total Land Management and Other Operations operating expenses 419  398 
Total operating expenses $ 236,260  $ 103,026 
Gross segment (loss) profit
Alico Citrus $ (194,504) $ (57,569)
Land Management and Other Operations 2,310  1,186 
Total gross loss $ (192,194) $ (56,383)
Capital expenditures:
Alico Citrus $ 2,910  $ 17,871 
Land Management and Other Operations 2,594  — 
Total capital expenditures $ 5,504  $ 17,871 
Depreciation, depletion and amortization:
Alico Citrus $ 175,854  $ 14,742 
Land Management and Other Operations 84  58 
Other Corporate Assets 701  210 
Total depreciation, depletion and amortization $ 176,639  $ 15,010 
Assets:
Alico Citrus $ 173,573  $ 383,777 
Land Management and Other Operations 26,263  13,134 
Other Corporate Assets 1,691  1,808 
Total Assets $ 201,527  $ 398,719 
The reconciliations of segment gross (loss) to consolidated (loss) income before income taxes are as follows:
Years Ended September 30,
2025 2024
Alico Citrus $ (194,504) $ (57,569)
Land Management and Other Operations 2,310  1,186 
Segment gross loss (192,194) (56,383)
General and administrative expenses 11,707  11,071 
Loss from operations (203,901) (67,454)
Other income (expense), net:
Interest income 793  385 
Interest expense (4,848) (3,538)
Gain on sale of property and equipment 21,769  81,559 
Other income, net 256  — 
Total other income, net 17,970  78,406 
(Loss) income before income taxes $ (185,931) $ 10,952