Core Viewpoint - Alico, Inc. has amended its credit agreement to better align financial covenants with its strategic transformation, which includes reducing insurance coverage requirements for the upcoming harvest season, leading to cost savings for the company [1][2][3]. Group 1: Credit Agreement Amendment - The Amendment No. 7 to the First Amended and Restated Credit Agreement became effective on March 31, 2025, and adjusts certain financial covenants to support Alico's evolving business model [2]. - The Amendment specifically reduces the level of Crop and Tree Insurance coverage required for the 2025/2026 harvest season, which is expected to result in cost savings for Alico [2]. Group 2: Business Transformation - John Kiernan, President and CEO, stated that the amendments create a more flexible financial framework while maintaining appropriate discipline, reflecting the company's ongoing business transformation [3]. - Alico Citrus, one of the nation's largest citrus producers, will wind down operations after the 2024/2025 harvest due to environmental and financial challenges, shifting focus to long-term diversified land usage and real estate development [4]. Group 3: Company Operations - Alico operates two divisions: Alico Citrus and Land Management and Other Operations, which include land leasing and related support operations [4]. - The company remains committed to Florida's agriculture industry despite the winding down of its citrus operations, emphasizing a strategy focused on diversified land usage and real estate development [4].

Group 1 - The article highlights the excitement surrounding a company's major transformation, which presents numerous investment opportunities if executed successfully [1] - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow and the potential for value and growth [1] - The service includes access to a 50+ stock model account, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the sector [2] Group 2 - A promotional offer is available for a two-week free trial, encouraging new subscribers to explore opportunities in the oil and gas sector [3]

Company Overview - Alico, Inc. operates two divisions: Alico Citrus, one of the largest citrus producers in the U.S., and Land Management and Other Operations, which includes land leasing and support operations [3] - Alico Citrus will cease operations after the 2024/2025 harvest due to environmental and financial challenges, while the company will focus on long-term diversified land usage and real estate development strategy [3] Upcoming Event - John Kiernan, President and CEO of Alico, will present and host one-on-one meetings with investors at the 15th Annual LD Micro Invitational on April 9 and 10, 2025 [1][2] - Alico's presentation is scheduled for 9:00 AM ET on April 10, 2025, and the event will feature presentations from 50 companies [2]

Core Viewpoint - Alico, Inc. has filed a development application for the "Corkscrew Grove East Village," marking a significant step in its strategic transformation towards land development and environmental stewardship [1][3]. Group 1: Development Plans - The development plan includes two mixed-use villages, each spanning 1,500 acres, aimed at creating a residential and commercial hub in Collier County [2]. - Initial development will focus on the Corkscrew Grove East Village, with construction expected to start after obtaining necessary permits by 2028 or 2029 [2]. Group 2: Strategic Assets and Value - Alico aims to monetize four strategic assets totaling approximately 5,500 acres, representing about 10% of its land holdings, within the next five years, with an estimated value of $335-380 million [3]. - The Corkscrew Grove Villages are part of Alico's strategy to unlock value from its land holdings and respond to the growing demand for housing and commercial space in Southwest Florida [3]. Group 3: Environmental Commitment - Alico is setting aside an additional 6,000 acres for permanent conservation, demonstrating its commitment to balanced development and environmental stewardship [1]. - The project aligns with the goals of Collier County's Rural Land Stewardship Area (RLSA), which aims to enhance agricultural lands and natural resources while allowing for well-planned community development [3]. Group 4: Governance and Coordination - A local bill has been filed to establish the Corkscrew Grove Stewardship District, which will facilitate coordinated management of development and environmental conservation [4]. - This district is expected to enhance collaboration with stakeholders and provide transparency in Alico's development plans [4].

FORT MYERS, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that John Kiernan, the Company's President and Chief Executive Officer, will host one-on-one meetings with investors at the 37th Annual ROTH Conference at the Laguna Cliffs Marriott in Dana Point, California on March 17 and 18, 2025. Management will provide an update on the execution of Alico's recently announced strategic transformation, including: Progress on transitioning to a diversi ...

Alico, Inc. (NASDAQ:ALCO) Q1 2025 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants John Mills - Managing Partner, ICR John Kiernan - President & CEO Brad Heine - CFO Conference Call Participants Operator Good morning, and welcome to Alico's First Quarter 2025 Earnings Call. Currently, all participants are in a listen-only mode. As a reminder, today's conference is being recorded. I would now like to turn the call over to your host, John Mills, Managing Partner at ICR. John Mills Th ...

Land Management and Other Operations Revenue Increased 45% Compared to Prior Year Robust Liquidity Position with $73.5 million in Available Credit Facilities and No Significant Debt Maturities Until 2029 Company Expects to Realize Approximately $20 Million in Land Sales in Fiscal Year 2025 Company Executing Strategic Transformation to Become Diversified Land Company; Concludes Capital Investment on Citrus Operations After Current Crop is Harvested in 2025 FORT MYERS, Fla., Feb. 12, 2025 (GLOBE NEWSWIRE) -- ...

For the Quarterly Period Ended December 31, 2024 or Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________________ to _________________________ Commission File Number: 0-261 ALICO, INC. (Exact name of registrant as specified in its charter) Fl ...

Exhibit 99.1 Alico, Inc. Announces Financial Results for the First Quarter Ended December 31, 2024 Land Management and Other Operations Revenue Increased 45% Compared to Prior Year Robust Liquidity Position with $73.5 million in Available Credit Facilities and No Significant Debt Maturities Until 2029 Company Expects to Realize Approximately $20 Million in Land Sales in Fiscal Year 2025 Company Executing Strategic Transformation to Become Diversified Land Company; Concludes Capital Investment on Citrus Oper ...

FORT MYERS, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the first quarter ended December 31, 2024, on Wednesday, February 12, 2025 after market close. The Company will host a conference call to discuss its financial results on Thursday, February 13, 2025, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-343-4849 in the United States and 1-203-518-9848 ...