Land and Property Management - Alico owned approximately 49,537 acres of land and 44,700 acres of oil, gas, and mineral rights as of September 30, 2025[16]. - Alico plans to wind down its Alico Citrus division after the 2024-2025 harvest due to financial challenges and focus on diversified land usage and real estate development[18]. - Alico's strategy includes transitioning approximately 25% of land holdings for strategic development opportunities while maintaining 75% for diversified agricultural ventures[30]. Financial Performance - The Alico Citrus division accounted for 93.8% of total operating revenues for the year ended September 30, 2025, down from 96.6% in 2024[27]. - Sales to the processed market represented 96.0% of Alico Citrus revenues for the year ended September 30, 2025[23]. - Revenues from Land Management and Other Operations increased to 6.2% of total operating revenues for the year ended September 30, 2025, up from 3.4% in 2024[28]. - Revenue from Tropicana accounted for 87.2% of consolidated revenue for the year ended September 30, 2025, compared to 86.8% in 2024[35]. - The increase in Tropicana revenue was primarily due to a decrease in Grove Management Services revenue and an increase in price per pound solids, despite lower total pound solids produced due to Hurricane Milton[36]. Workforce and Employment - Alico's workforce reduction involved up to 172 employees as part of cost-reduction initiatives[18]. - As of September 30, 2025, the company had 20 full-time employees, with no part-time employees, and no employees under collective bargaining agreements[49][50]. - The company relies on independent contractors for harvesting and hauling services, ensuring sufficient human capital for operations[45]. Sustainability and Community Engagement - The company emphasizes sustainable practices and ESG programs to maximize long-term value for customers and stockholders[39]. - The company provided cash grants and donations to support community health, safety, and education initiatives in the past year[53]. - The company is in material compliance with environmental regulations, which historically have not materially impacted financial position or operations[40]. Market Conditions - The company operates in highly competitive markets for oranges and specialty citrus, with no single producer holding significant market power[37]. - The company is shifting focus towards land development, facing increased competition from regional and national developers, private equity, and agricultural operators[38]. Agricultural Operations - The average pound solids per box for citrus was 4.82 for the year ended September 30, 2025[24]. - Raw materials for cultivation, including fertilizers and herbicides, are readily available from local suppliers without long-term commitments[52]. - The company entered into a Mutual Contract Termination Agreement with Tropicana in May 2025, terminating their agreement after fulfilling obligations for the 2024/2025 Crop Year[19].

Financial Performance - For the fiscal year ended September 30, 2025, Alico, Inc. reported a net loss of $147.3 million, a significant decline from a net income of $7.0 million in the previous year, primarily due to accelerated depreciation and impairments [6][7]. - Adjusted EBITDA for the fiscal year was $22.5 million, exceeding the guidance of $20 million, while total revenue decreased by 5.5% to $44.1 million [1][4]. - Total operating revenues decreased to $44,066 thousand in 2025 from $46,643 thousand in 2024, a decline of approximately 6% [37]. - Alico Citrus operating revenues fell to $41,337 thousand in 2025, down from $45,059 thousand in 2024, representing a decrease of about 8% [37]. - Total operating expenses increased significantly to $236,260 thousand in 2025 from $103,026 thousand in 2024, marking an increase of approximately 129% [37]. - Net loss attributable to Alico, Inc. common stockholders was $147,334 thousand in 2025, compared to a net income of $6,973 thousand in 2024 [37]. - Adjusted EBITDA for the year ended September 30, 2025, was $22,541 thousand, while it was $29,733 thousand in 2024, indicating a decrease of about 24% [43]. Cash Flow and Debt Management - The company achieved land sales of $23.8 million, surpassing the $20 million guidance, contributing to strong cash generation with cash and cash equivalents of $38.1 million [1][2]. - Net cash provided by operating activities was $20,126 thousand in 2025, a recovery from a cash used of $30,497 thousand in 2024 [39]. - Alico's net debt was reduced to $47.4 million, outperforming balance sheet targets, and the company ended the fiscal year with sufficient cash to cover expected operating expenses through fiscal year 2027 [2][4]. - Net debt decreased to $47,419 thousand in 2025 from $88,967 thousand in 2024, a reduction of approximately 47% [44]. - Cash and cash equivalents at the end of the period increased to $38,890 thousand in 2025 from $3,398 thousand in 2024 [39]. Asset and Liability Management - Alico's total assets decreased from $398.7 million in 2024 to $201.5 million in 2025, reflecting a significant reduction in property and equipment [35]. - Current assets increased from $40.6 million in 2024 to $54.9 million in 2025, primarily due to a rise in cash and cash equivalents from $3.2 million to $38.1 million [35]. - Total liabilities decreased from $142.4 million in 2024 to $93.5 million in 2025, indicating improved financial health [35]. - Stockholders' equity fell from $256.3 million in 2024 to $108.0 million in 2025, largely due to a decline in retained earnings from $249.3 million to $100.4 million [35]. Operational Challenges - Citrus production decreased by 25.9% year-over-year, with a total of 2.3 million boxes harvested, attributed to Hurricane Milton's impact [10][11]. - Other income decreased significantly from $78.4 million to $18.0 million, primarily due to lower gains from land sales compared to the previous fiscal year [15]. - General and administrative expenses increased by $0.6 million due to strategic transformation costs, despite a reduction in workforce-related expenses [14]. - Interest expense rose to $4,848 thousand in 2025 from $3,538 thousand in 2024, an increase of approximately 36% [37]. Strategic Initiatives - Alico's strategic transformation in 2025 focuses on diversified land usage and real estate development, aiming to create long-term shareholder value [28]. - The company is advancing its Corkscrew Grove Villages project, with a final decision on regulatory approvals expected in 2026, which is anticipated to enhance public infrastructure and provide economic benefits [5][17]. - Alico plans to develop Corkscrew Grove Villages, which will include approximately 375 income-restricted units per village and a total of 560,000 square feet of commercial space [19]. - The first village's approval process is expected to take about one year, with a final decision anticipated in 2026, and construction could begin in 2028 or 2029 if all approvals are granted [20]. - Alico has committed approximately $5 million towards the design and construction of a wildlife underpass as part of the State Road 82 expansion, with completion expected in 2027 [22]. - The Corkscrew Grove Stewardship District was established to assist in financing infrastructure and managing natural areas, promoting sustainable growth [21]. Liquidity Position - Working capital was reported at $49.2 million, with a current ratio of 9.56 to 1.00, indicating strong liquidity [18].

Core Insights - Alico, Inc. has successfully transitioned from a traditional citrus producer to a diversified land company, with a strategic focus on land development and agricultural operations [2][3][25] - The company reported a net loss of $147.3 million for the fiscal year ended September 30, 2025, primarily due to accelerated depreciation and impairments, despite achieving an Adjusted EBITDA of $22.5 million [3][4][6] - Alico's land sales reached $23.8 million, exceeding guidance, and the company ended the fiscal year with $38.1 million in cash, providing financial flexibility through fiscal year 2027 [3][4][19] Financial Performance - For the fiscal year ended September 30, 2025, Alico's total revenue was $44.1 million, a decrease of 5.5% from $46.6 million in 2024 [4][35] - The net loss attributable to Alico common stockholders was $147.3 million, compared to a net income of $7.0 million in the previous year, reflecting a significant decline [4][35] - Adjusted EBITDA for the fiscal year was $22.5 million, down from $29.7 million in 2024, indicating challenges in operational performance [6][35] Citrus Operations - Alico harvested 2.3 million boxes of citrus fruit in fiscal year 2025, a decrease of 25.9% from the previous year, primarily due to Hurricane Milton's impact [9][35] - The average realized price per pound solids increased from $2.81 to $3.66, benefiting from favorable pricing contracts [9][35] Land Management and Development - Approximately 25% of Alico's land holdings are earmarked for strategic development, while 75% remain in diversified agriculture, creating a balanced platform for growth [2][3] - The Corkscrew Grove Villages project is a significant development initiative, expected to provide economic benefits and enhance public infrastructure in Collier County [16][17] - Alico has established the Corkscrew Grove Stewardship District to finance infrastructure and manage natural areas, supporting the Corkscrew Grove Villages project [18][19] Conservation Efforts - Alico has a long-standing commitment to conservation, having transferred lands to various protected areas and plans to place an additional 6,000 acres into permanent conservation as part of its development projects [21][22][23] - The company sold over 17,000 acres of land to the Florida Department of Environmental Protection as part of the Florida Forever program, enhancing connectivity between conservation lands [22][23] Balance Sheet and Liquidity - As of September 30, 2025, Alico reported cash and cash equivalents of $38.1 million and a net debt of $47.4 million, indicating a strong liquidity position [4][19] - The company's current ratio was 9.56 to 1.00, reflecting robust working capital management [19][20]

Core Viewpoint - Alico, Inc. will present at the Noble Capital Markets 21st Annual Emerging Growth Equity Conference on December 3, 2025, highlighting its strategic transformation and growth opportunities in agribusiness and land management [1][2]. Company Overview - Alico, Inc. is a Florida-based agribusiness and land management company with over 125 years of experience [3]. - The company operates approximately 49,537 acres across 8 Florida counties, focusing on strategic land development and diversified agricultural operations [3]. - Alico aims to create long-term shareholder value while maintaining a commitment to responsible land stewardship and conservation [3].

Core Insights - Alico, Inc. will participate in the Stephens Annual Investment Conference from November 18-20, 2025, with CEO John Kiernan available for investor meetings on November 19, 2025 [1] Company Overview - Alico, Inc. is a Florida-based agribusiness and land management company with over 125 years of experience [2] - Following a strategic transformation in 2025, Alico operates as a diversified land company with approximately 50,550 acres across 8 Florida counties [2] - The company focuses on strategic land development opportunities and diversified agricultural operations, aiming to create long-term shareholder value while committing to responsible land stewardship and conservation [2]

Core Viewpoint - Alico, Inc. will release its financial results for the fourth quarter and full year ended September 30, 2025, on November 24, 2025, after market close [1] Financial Results Announcement - The financial results will be discussed in a conference call on November 25, 2025, at 8:30 am Eastern Time [2] - Interested parties can join the call by dialing specific numbers for the United States and international participants [2] Replay Information - A telephone replay of the conference call will be available approximately three hours after the call concludes, lasting until December 9, 2025 [3] Company Overview - Alico, Inc. is a Florida-based agribusiness and land management company with over 125 years of experience [4] - The company operates approximately 50,550 acres across 8 Florida counties, focusing on strategic land development and diversified agricultural operations [4] - Alico aims to create long-term shareholder value while maintaining a commitment to responsible land stewardship and conservation [4]

Core Viewpoint - Alico Inc. has announced a strategic partnership with the Florida Department of Transportation (FDOT) to design and construct a wildlife underpass as part of the expansion of State Road 82 in Collier County, demonstrating the company's commitment to environmental stewardship and conservation [1][3]. Group 1: Partnership and Investment - Alico has committed approximately $5 million towards the design and construction costs of the wildlife underpass [2]. - The underpass will be part of a proposed wildlife corridor linked to the Corkscrew Grove Villages project, enhancing wildlife movement between Collier, Lee, and Hendry counties [2][3]. Group 2: Project Details - The planned underpass will measure approximately 16 feet wide by 7 feet tall and will include fencing to reduce wildlife mortality along State Road 82 [3]. - Construction is expected to begin before the end of 2025, with completion anticipated in 2027, subject to final approvals [4]. Group 3: Environmental Impact - The underpass is expected to support the panther recovery plan by providing a permanent connection to the Caloosahatchee dispersal zone, with no additional cost to taxpayers [3]. - Alico has sold or entered easements to protect over 46,800 acres since 2003, contributing to the Florida Wildlife Corridor [7]. Group 4: Community Development - The Corkscrew Grove Villages project will cover approximately 4,600 acres and aims to create a thoughtfully planned community while protecting sensitive lands and improving water resources [6]. - Alico is seeking approval for the first of two planned villages, with construction on the first village potentially starting as early as 2028 [8].

Group 1 - Equinox Gold (EQX) is involved in the acquisition, exploration, and development of mineral deposits, with a Zacks Consensus Estimate for its current year earnings revised downward by approximately 26.5% over the last 60 days [1] - Cantaloupe (CTLP) is a software and payments company providing end-to-end technology solutions for the unattended retail market, with its current year earnings estimate revised downward by 6.7% over the last 60 days [2] - Alico (ALCO) operates in the agribusiness sector in Central and Southwest Florida, with a Zacks Consensus Estimate for its current year earnings revised downward by nearly 5.8% over the last 60 days [2]

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