Quarterly ResultAug 10, 2026, 04:30 PM
Alico Swings to Q3 Profit, EPS $0.29; Land Management Revenue Soars
AI Summary
Alico, Inc. reported a significant turnaround in its third quarter, swinging to a net income of $2.125 million, or $0.29 per share, compared to a net loss in the prior year. This improvement was largely driven by a substantial increase in Land Management and Other Operations revenue, which surged over 1200% as the company continues its strategic transformation to wind down its Alico Citrus division. The company also acquired the remaining noncontrolling interest in Citree and entered into a new agricultural lease agreement for 3,280 acres with a purchase option.
Key Highlights
- Net income attributable to Alico common stockholders for Q3 2026 was $2.125 million, up from a $(18.289) million loss in Q3 2025.
- Basic EPS for Q3 2026 was $0.29, a significant improvement from $(2.39) in Q3 2025.
- Land Management and Other Operations revenue for Q3 2026 surged 1253% to $7.917 million from $0.585 million in Q3 2025.
- Alico Citrus revenue for Q3 2026 decreased 85.6% to $1.123 million, reflecting the wind-down of operations.
- The company acquired the remaining noncontrolling interest in Citree for $2.007 million during the nine months ended June 30, 2026.
- Alico entered a new agricultural lease for 3,280 acres with a purchase option of $29.520 million.
- Cash and cash equivalents increased 45.8% to $55.584 million as of June 30, 2026, from $38.128 million at September 30, 2025.
Price Impact
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