Alico, Inc. Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

3 Months Ended

Dec. 31, 2024

Information by operating segment is as follows:


(in thousands)	Three Months Ended December 31,
	2024		2023
Revenues:
Alico Citrus	$	16,326	$	13,592
Land Management and Other Operations	568		393
Total operating revenues	$	16,894	$	13,985

Operating expenses:
Alico Citrus	$	25,111	$	28,107
Land Management and Other Operations	21		133
Total operating expenses	$	25,132	$	28,240

Gross (loss) profit:
Alico Citrus	$	(8,785)	$	(14,515)
Land Management and Other Operations	547		260
Total gross (loss) profit	$	(8,238)	$	(14,255)

Depreciation, depletion and amortization:
Alico Citrus	$	3,761	$	3,727
Land Management and Other Operations	22		20
Other Depreciation, Depletion and Amortization	41		57
Total depreciation, depletion and amortization	$	3,824	$	3,804


(in thousands)	December 31, 2024		September 30, 2024

Assets:
Alico Citrus	$	382,831	$	383,777
Land Management and Other Operations	13,043		13,134
Other Corporate Assets	1,722		1,808
Total Assets	$	397,596	$	398,719

The reconciliations of segment gross profit (loss) to consolidated income (loss) before income taxes are as follows:


	Three Months Ended December 31,
	2024		2023
Alico Citrus	$	(8,785)	$	(14,515)
Land Management and Other Operations	547		260
Segment gross loss	(8,238)		(14,255)
General and administrative expenses	2,586		3,272
Loss from operations	(10,824)		(17,527)
Other (expense) income, net:
Interest income	47		95
Interest expense	(898)		(1,605)
Gain on property and equipment	—		77,025
Other income, net	244		—
Total other (expense) income, net	(607)		75,515
(Loss) income before income taxes	$	(11,431)	$	57,988