Financial Data and Key Metrics Changes - For the fiscal year ended September 30, 2024, the company reported net income attributable to Alico common stockholders of $7 million, an increase from $1.8 million for the fiscal year ended September 30, 2023 [16] - The increase in net income was primarily due to a gain of $81.4 million from land sales compared to a gain of $11.4 million in the prior year, offset by a $19.5 million inventory impairment charge in the fourth quarter [17] - Earnings per diluted common share for the fiscal year ended September 30, 2024, were $0.91 compared to $0.24 for the fiscal year ended September 30, 2023 [18] Business Line Data and Key Metrics Changes - The company faced lower production levels for Early and Mid-Season and Valencia harvests, leading to a write-down of $28.5 million for the 2023-2024 harvest and $19.5 million for the 2024-2025 harvest [7] - The company treated nearly all producing trees with oxytetracycline (OTC) injections to combat citrus greening, with approximately 35% treated for a second consecutive year [9] Market Data and Key Metrics Changes - Alico entered a new three-year Orange Purchase Agreement with Tropicana, securing prices approximately 33% to 50% higher than the previous season [9] - The company reported an increase in other income net from $6.7 million in the prior year to $78.4 million, primarily due to increased land sales [20] Company Strategy and Development Direction - Alico is focused on operating income potential, protecting its balance sheet, and preserving capital to ensure financial resources for business investments [6] - The company is evaluating all properties to enhance and build value for shareholders, with a multi-year entitlement process for a 4,500-acre grove in Collier County underway [12][13] - Alico aims to provide investors with the benefits of conventional agricultural investments while leveraging active land management for enhanced optionality [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges from Hurricane Ian, with production not returning to pre-Ian levels, and expressed uncertainty about the size of the 2025 crops [6] - Despite challenges, management remains optimistic about future success, citing a strong balance sheet and the potential for long-term value creation through real estate asset management [22] Other Important Information - The company completed the sale of 17,229 acres of Alico Ranch to the State of Florida for $77.6 million, using proceeds to repay outstanding borrowings and strengthen its balance sheet [11] - Alico has received grants to offset the costs of OTC injections, covering substantially all application costs incurred in fiscal year 2023 and approximately 35% of costs for fiscal year 2024 [10] Q&A Session Summary - The Q&A session was not detailed in the provided content, and thus no specific questions and answers can be summarized.

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ALCO Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K þ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended September 30, 2024 or o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________________to_______ ...

Exhibit 99.1 Alico, Inc. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2024 Fort Myers, FL, December 2, 2024 - Alico, Inc. ("Alico" or the "Company," "we," "us" or "our") (Nasdaq: ALCO) today announces financial results for the fourth quarter and fiscal year ended September 30, 2024, the highlights of which are as follows: • The Company reports net income attributable to Alico, Inc. common stockholders of $7.0 million and EBITDA of $29.7 million for the fiscal year e ...

FORT MYERS, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company,” “we,” “us” or “our”) (Nasdaq: ALCO) today announces financial results for the fourth quarter and fiscal year ended September 30, 2024, the highlights of which are as follows: The Company reports net income attributable to Alico, Inc. common stockholders of $7.0 million and EBITDA of $29.7 million for the fiscal year ended September 30, 2024. After adjusting for certain non-recurring items, the Company reports Adjusted ...

FORT MYERS, Fla., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the fourth quarter and full year ended September 30, 2024, on Monday, December 2, 2024 before market open. The Company will host a conference call to discuss its financial results on Monday, December 2, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-225-9448 in the United States and 1-203 ...

It has been a few months since I last wrote about Alico (NASDAQ: ALCO ), the leading Florida citrus grower. My bullish view of Alico was predicated on the value of Alico's vast real estate holdingsAuthor of the Macro Trends & Inflection Points Newsletter. I spent 5 years as a co-founder and hedge fund CIO / manager. Before that, I was a hedge fund analyst/portfolio manager at a leading Canadian alternative asset manager. I write articles as part of my own due diligence on the stocks that I find interesting. ...

FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week. Most importantly, we are grateful that none of our approximately 197 employees were casualties from this devastating storm in Florida last week. The full impact of Hurricane Milton on Alico’s assets and operations is still being assessed at this time, but we believe the lessons learned over the past century, especially since Hurricane Irma in 2017 a ...

Group 1 - Alico (NASDAQ: ALCO) is currently rated as a BUY due to its land value, particularly for land that is in the process of being entitled [1] - The stock is trading lower for several reasons, which are not specified in the document [1] - The company is appealing to value investors interested in post-bankruptcy, net asset value (NAV), and undervalued micro and nano cap stocks [1] Group 2 - The investment strategy focuses on companies with layers of value and typically little or no debt [1]

Core Points - Alico, Inc. has amended its Credit Agreement with MetLife, increasing its revolving line of credit (RLOC) from $25 million to $95 million and extending the maturity date to May 1, 2034 [1][2] - The RLOC is secured by approximately 36,800 gross acres of citrus land, and the company has paid off its current borrowings under a $70 million working capital line of credit [1][2] - The interest rate on borrowings under the RLOC is based on the one Month Term Secured Overnight Financing Rate (SOFR) plus a credit spread of 2.20%, with no principal payments due until maturity [2] Company Overview - Alico, Inc. operates primarily in 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 related support operations [3]

Counter/DigitalVision via Getty Images As the population and jobs continue to flock to Florida, land is becoming increasingly scarce and valuable. Prologis (PLD) just paid $378 per foot for a teardown and rebuild in Miami-Dade County. Miami-Dade is the epicenter, but much of the state is experiencing similar trends directionally. Given the land scarcity, we have been looking at ways to increase exposure to Florida real estate and particularly Florida land. Alico (NASDAQ:ALCO) is arguably the cheapest wa ...