Farewell Citrus, Hello Sweet Land Monetization: Alico Delivers Top-Down Beat – Quarterly Update Report

Core Insights - Alico, Inc. demonstrates a successful turnaround with operational changes positively impacting financial metrics, positioning 2026 as a breakout year [2] - Fiscal year 2025 land sales exceeded guidance by $3.8 million, totaling $23.8 million, while adjusted EBITDA reached $22.5 million, surpassing the $20 million guidance [2] - The positive momentum continues into fiscal year 2026 with the sale of 579 acres of citrus land for $6.1 million and an additional $1.7 million from office and shop divestitures [3] Financial Performance - Alico's land sales for fiscal year 2025 were $23.8 million, exceeding company guidance by $3.8 million [2] - Adjusted EBITDA for the same period was $22.5 million, comfortably above the $20 million guidance [2] - The company has an estimated present value of $335 million to $380 million from near-term real estate development projects expected to be realized within the next five years [3] Strategic Diversification - Alico is transitioning to a diversified land model while maintaining income streams from leases to third-party citrus farmers, ensuring steady revenue without heavy capital investment [4] - The company is enhancing land monetization visibility and is considered attractively valued based on projected cash flows from land developments [5]