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

Summary of Significant Accounting Policies (Tables)

v3.25.3
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Schedule of disaggregation of revenue
(in thousands) September 30,
2025 2024
Revenue recognized at a point-in-time $ 42,253  $ 42,233 
Revenue recognized over time 1,813  4,410 
Total $ 44,066  $ 46,643 
Revenues disaggregated by significant products and services for the years ended September 30, 2025 and 2024 are as follows:
(in thousands) Years Ended September 30,
2025 2024
Alico Citrus
Early and Mid-Season $ 15,577  $ 14,534 
Valencias 24,089  26,925 
Fresh Fruit and Other 777  774 
Grove Management Services 894  2,826 
Total $ 41,337  $ 45,059 
Land Management and Other Operations
Leasing and Royalties $ 2,393  $ 1,284 
Other 336  300 
Total $ 2,729  $ 1,584 
Total Revenues $ 44,066  $ 46,643 
Schedule of short-term debt
The carrying amounts and estimated fair values (Level 2) of debt instruments (see Note 8. Long-Term Debt and Lines of Credit for further information) are as follows:
(in thousands) September 30, 2025 September 30, 2024
Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value
Debt
Current long-term debt $ 250  $ 250  $ 1,410  $ 1,420 
Long-term debt and lines of credit $ 85,700  $ 81,668  $ 91,141  $ 86,987 
Schedule of Restrictions on cash and cash equivalents
(in thousands) September 30,
2025 2024
Cash and cash equivalents $ 38,128  $ 3,150 
Restricted cash 762  248 
Cash and cash equivalents and restricted cash $ 38,890  $ 3,398 
Schedule of cash and cash equivalents
(in thousands) September 30,
2025 2024
Cash and cash equivalents $ 38,128  $ 3,150 
Restricted cash 762  248 
Cash and cash equivalents and restricted cash $ 38,890  $ 3,398 
Schedule of accounts receivable, net
The following table presents accounts receivable, net, as of September 30, 2025 and 2024:
(in thousands) September 30,
2025 2024
Accounts receivable $ 1,074  $ 844 
Allowance for credit losses (60) (73)
Accounts receivable, net $ 1,014  $ 771 
Schedule of revenues and accounts receivable from major customers
Accounts receivable from the Company’s major customer as of September 30, 2025 and 2024, and revenue from such customer for the years ended September 30, 2025 and 2024, which is included in the Alico Citrus segment, are as follows:
(in thousands) Accounts Receivable Revenue % of Total Revenue
2025 2024 2025 2024 2025 2024
Tropicana $ —  $ —  $ 38,434  $ 40,466  87.2 % 86.8 %
Schedule of estimated useful lives for property and equipment
The estimated useful lives for property and equipment are primarily as follows:
Citrus trees 25 years
Equipment and other facilities
3-20 years
Buildings and improvements
15-39 years
Schedule of reconciliation of basic to diluted weighted average shares outstanding
The following table presents a reconciliation of basic to diluted weighted average common shares outstanding for the years ended September 30, 2025 and 2024:
(in thousands) Years Ended September 30,
2025 2024
Weighted Average Common Shares Outstanding – Basic 7,639 7,622
Effect of dilutive securities – stock options and unrestricted stock
Weighted Average Common Shares Outstanding – Diluted 7,639 7,622