Quarterly ResultAug 10, 2026, 04:19 PM
Alico Q3 Net Income $2.1M; Raises FY26 Adjusted EBITDA Guidance
AI Summary
Alico, Inc. announced strong financial results for the third quarter ended June 30, 2026, reporting net income of $2.1 million and diluted EPS of $0.29, a significant improvement from a net loss in the prior year. The company also raised its Fiscal Year 2026 Adjusted EBITDA guidance to approximately $15 million, reflecting progress in its strategic transformation. Key initiatives include a new agricultural lease agreement, advancement of the Corkscrew Grove East Village development, and the completion of $10.0 million in share repurchases, strengthening its liquidity and extending its operating runway through 2029.
Key Highlights
- Net income attributable to common stockholders was $2.1 million, up from $(18.3) million in Q3 2025.
- Diluted EPS was $0.29, compared to $(2.39) in Q3 2025.
- Revenue increased 7.7% to $9.04 million for the quarter.
- Adjusted EBITDA for Q3 2026 was $4.6 million.
- Company completed $10.0 million of its share repurchase program, buying back ~245,000 shares.
- Cash and cash equivalents stood at $55.6 million, with net debt at $29.8 million.
- Raised Fiscal Year 2026 Adjusted EBITDA guidance to approximately $15 million.
- Entered agricultural lease agreement for ~3,280 acres with a purchase option for $29.5 million.
Price Impact
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