Quarterly ResultMay 11, 2026, 04:08 PM
Alico Q2 Net Income $11.4M; Land Sales $26.9M; Collier County Approvals
AI Summary
Alico, Inc. reported net income of $11.4 million, or $1.49 per diluted share, for Q2 2026, a significant improvement from a net loss in the prior year. This turnaround was primarily driven by a $26.9 million land sale. The company also announced securing local entitlement approvals for its Corkscrew Grove East Villages in Collier County and repurchased $10.0 million in shares. Alico maintains a strong cash position of $52.9 million, extending its financial runway through fiscal year 2028, and reiterated its FY2026 Adjusted EBITDA guidance of approximately $14 million.
Key Highlights
- Q2 2026 net income attributable to common stockholders was $11.4 million, up from $(111.4) million YoY.
- Diluted EPS for Q2 2026 was $1.49, compared to $(14.58) in Q2 2025.
- Adjusted EBITDA for Q2 2026 increased 32.6% to $16.9 million.
- Closed a $26.9 million land sale (2,950 acres) in Q2; total land sales reached $34.6 million YTD.
- Repurchased 245,399 shares for $10.0 million through April 2026.
- Cash and cash equivalents stood at $52.9 million as of March 31, 2026.
- Secured Collier County local entitlement approvals for Corkscrew Grove East Villages in April 2026.
- Forecasts FY2026 Adjusted EBITDA of approximately $14 million and cash of $40 million.