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