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

Segment Information (Tables)

12 Months Ended

Sep. 30, 2025

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