Core Viewpoint - Alico, Inc. is experiencing a positive outlook, supported by Roth Capital's maintained "Buy" rating and an increased price target, reflecting confidence in the company's future performance [1][5][6] Financial Performance - Alico held its Q4 2025 earnings call on November 25, 2025, providing insights into its financial health and strategic direction, which are crucial for investors [2] - The current stock price of ALCO is $33.88, showing a 1.80% increase or $0.60, with trading between a low of $33.49 and a high of $34.325 on the day [3] - Over the past year, ALCO's stock reached a high of $35.90 and a low of $24.76, indicating a positive trend [3] Market Metrics - Alico's market capitalization is approximately $258.8 million, with a trading volume of 25,033 shares on the NASDAQ exchange, reflecting investor interest and stock liquidity [4][6] - Roth Capital raised its price target for ALCO from $35 to $42, indicating strong confidence in the company's future performance [1][5][6]

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Financial Data and Key Metrics Changes - For the fourth quarter ended September 30, 2025, revenue was $802,000 compared to $935,000 in the prior year quarter, reflecting the conclusion of citrus operations [15] - The net loss attributable to Alico common stockholders was $8.5 million, or $1.11 per diluted share, an improvement from a net loss of $18.1 million, or $2.38 per diluted share in the prior year quarter [15] - For the full fiscal year, revenue was $44.1 million compared to $46.6 million in fiscal 2024, with a net loss of $147.3 million primarily due to non-cash charges related to the strategic transformation [16] - Adjusted EBITDA for fiscal 2025 was $22.5 million, exceeding the $20 million guidance target [16] - The company ended fiscal year 2025 with $38.1 million in cash, significantly up from $3.2 million at the end of fiscal 2024, and reduced net debt to $47.4 million from $89 million [16] Business Line Data and Key Metrics Changes - The final major citrus harvest was completed, marking the end of capital-intensive citrus production operations [4] - Land sales generated $23.8 million from 2,796 acres sold during fiscal 2025, surpassing the $20 million target [17] - Approximately 5,250 acres have been leased to third-party citrus growers, with strong interest from other agricultural sectors [9] Market Data and Key Metrics Changes - The establishment of the Corkscrew Grove Stewardship District was approved by the Florida Legislature, validating the development strategy [7] - The entitlement process for the Bonnet Lake property is progressing as expected, with four near-term real estate development projects maintaining an estimated present value of between $335 million and $380 million [8] Company Strategy and Development Direction - Alico has transitioned from a traditional citrus producer to a diversified land company, focusing on sustainable long-term value creation and conservation [4] - The company aims to optimize agricultural operations and advance residential and commercial development projects, particularly focusing on securing final approvals for Corkscrew Grove Villages [12] - Alico's approach balances high-value development projects with diversified agricultural operations, with 25% of land identified for development and 75% remaining for agriculture [9] Management's Comments on Operating Environment and Future Outlook - Management emphasized the successful execution of the transformation and the elimination of citrus agricultural volatility, unlocking value in the land portfolio [18] - The company believes it is well-capitalized and strategically focused, with multiple catalysts for value creation in the coming years [19] Other Important Information - Alico has returned over $190 million of capital to shareholders since 2015 through dividends, share repurchases, and debt reduction [10] - The company has a market capitalization of approximately $240 million, with a net debt of $47.4 million, indicating a significant valuation disconnect compared to the estimated land portfolio value of $650 million to $750 million [19] Q&A Session Summary Question: What is the expected cadence of the land sales in the next 12 months? - Management has not provided guidance on additional land sales for fiscal year 2026 [22]

Financial Data and Key Metrics Changes - For the fourth quarter ended September 30, 2025, revenue was $802,000 compared to $935,000 in the prior year quarter, reflecting the conclusion of citrus operations [15] - The net loss attributable to Alico common stockholders was $8.5 million, or $1.11 per diluted share, an improvement from a net loss of $18.1 million, or $2.38 per diluted share in the prior year quarter [15] - For the full fiscal year, revenue was $44.1 million compared to $46.6 million in Fiscal 2024, with a net loss of $147.3 million, or $19.29 per diluted share, primarily due to non-cash charges related to the strategic transformation [16] Business Line Data and Key Metrics Changes - Adjusted EBITDA for Fiscal 2025 was $22.5 million, exceeding the $20 million guidance target, indicating operational strength in the transformed business model [16] - Land sales generated $23.8 million from 2,796 acres sold during Fiscal 2025, surpassing the $20 million target [17] Market Data and Key Metrics Changes - The company ended Fiscal Year 2025 with $38.1 million in cash and cash equivalents, a significant increase from $3.2 million at the end of Fiscal 2024 [16] - Net debt decreased to $47.4 million from $89 million, representing a $41.6 million improvement year-over-year [16] Company Strategy and Development Direction - Alico has transitioned from a traditional citrus producer to a diversified land company, focusing on sustainable long-term value creation and conservation [4] - The establishment of the Corkscrew Grove Stewardship District is a significant regulatory milestone that supports the company's development strategy [7] - The company aims to optimize agricultural operations, advance residential and commercial development projects, and maintain financial flexibility for long-term strategy execution [12] Management's Comments on Operating Environment and Future Outlook - Management emphasized the successful completion of the final major citrus harvest and the elimination of volatility associated with citrus agriculture [18] - The company believes it has a compelling path forward with multiple catalysts for value creation, including advancing development projects and optimizing agricultural leasing [18][19] Other Important Information - Alico has a market capitalization of approximately $240 million, while the net present value (NPV) analysis of its land portfolio is estimated between $650 million and $750 million, indicating a significant valuation disconnect [19] - The company has a history of returning capital to shareholders, having returned over $190 million through dividends, share repurchases, and debt reduction since 2015 [10] Q&A Session Summary Question: What is the expected cadence of the land sales in the next 12 months? - Management has not provided guidance on additional land sales for fiscal year 2026 [22][23]

Financial Data and Key Metrics Changes - For the fourth quarter ended September 30, 2025, revenue was $802,000 compared to $935,000 in the prior year quarter, reflecting the conclusion of citrus operations [15] - The net loss attributable to Alico common stockholders was $8.5 million, or $1.11 per diluted share, an improvement from a net loss of $18.1 million, or $2.38 per diluted share in the prior year quarter [15] - For the full fiscal year, revenue was $44.1 million compared to $46.6 million in Fiscal 2024, with a net loss of $147.3 million primarily due to non-cash charges related to the strategic transformation [16] Business Line Data and Key Metrics Changes - Adjusted EBITDA for Fiscal 2025 was $22.5 million, exceeding the $20 million guidance target, indicating operational strength in the transformed business model [16] - Land sales generated $23.8 million from 2,796 acres sold during Fiscal 2025, surpassing the $20 million target [17] Market Data and Key Metrics Changes - The company ended Fiscal Year 2025 with $38.1 million in cash and cash equivalents, a significant increase from $3.2 million at the end of Fiscal 2024 [16] - Net debt decreased to $47.4 million from $89 million, representing a $41.6 million improvement year-over-year [16] Company Strategy and Development Direction - Alico has transitioned from a traditional citrus producer to a diversified land company, focusing on sustainable long-term value creation and conservation [4] - The establishment of the Corkscrew Grove Stewardship District is a significant regulatory milestone that supports the company's development strategy [6] - The company aims to optimize agricultural operations while advancing residential and commercial development projects [12] Management's Comments on Operating Environment and Future Outlook - Management emphasized the elimination of citrus agricultural volatility and the unlocking of value in the approximately 49,000-acre Florida portfolio [18] - The company believes it is well-capitalized and strategically focused, with multiple catalysts for value creation in the coming years [19] Other Important Information - Alico has a history of returning capital to shareholders, having returned more than $190 million through dividends, share repurchases, and debt reduction since 2015 [10] - The company's NPV analysis values its land portfolio between $650 million and $750 million, while its current market capitalization is approximately $240 million [19] Q&A Session Summary Question: What is the expected cadence of the land sales in the next 12 months? - Management has not provided guidance on additional land sales for fiscal year 2026 [22]

Core Insights - Alico, Inc. reported a significant revenue surprise of 167.33% for the quarter ended September 2025, with revenues of $802,000, surpassing the estimated $300,000 [2][6] - The company faced a quarterly loss of $1.1 per share, which was significantly worse than the Zacks Consensus Estimate of a $0.39 loss, contrasting with earnings of $0.19 per share in the same quarter last year [3][6] - For the fiscal year ending September 30, 2025, Alico reported a net loss of $147.3 million but achieved an adjusted EBITDA of $22.5 million, exceeding its guidance of $20 million [4][6] Financial Performance - Alico's revenue for the quarter was lower than the $0.94 million reported in the same period last year, indicating a year-over-year decline [2] - The company concluded fiscal year 2025 with $38.1 million in cash and cash equivalents, while total debt stood at $85.5 million, resulting in a net debt of $47.4 million [5] - Alico exceeded its land sales guidance, achieving $23.8 million in sales, demonstrating effective cash flow management [4][6] Strategic Outlook - The company is progressing with its diversified land strategy, completing major citrus operations and advancing development projects [5] - Alico anticipates a decision on the Corkscrew Grove project in 2026, which could significantly impact its future growth prospects [5]

Core Insights - Alico reported a quarterly loss of $1.1 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.39, marking an earnings surprise of -182.05% [1] - The company generated revenues of $0.8 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 167.33%, but down from $0.94 million year-over-year [2] - Alico's stock has increased by approximately 22.4% since the beginning of the year, outperforming the S&P 500's gain of 12.3% [3] Financial Performance - Over the last four quarters, Alico has consistently failed to meet consensus EPS estimates [2] - The current consensus EPS estimate for the upcoming quarter is breakeven on $3 million in revenues, while for the current fiscal year, it is -$1.49 on $10.5 million in revenues [7] Market Outlook - The company's earnings outlook will be crucial for future stock performance, with mixed trends in estimate revisions noted prior to the earnings release [6] - Alico currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] - The Agriculture - Operations industry, to which Alico belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, which may negatively impact stock performance [8] Competitor Insights - Limoneira, another company in the same industry, is expected to report a quarterly loss of $0.12 per share, reflecting a year-over-year decline of -33.3%, with revenues projected at $37.4 million, down 14.7% from the previous year [9]

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]