Diversified Land Company Strategy Proceeding as Expected: Company Completes Final Major Citrus Operations Development Projects Advance Through Entitlement Process with Corkscrew Grove Decision Expected in 2026 Net loss attributable to Alico, Inc. common stockholders fiscal year ended September 30, 2025 of $147.3 million, Adjusted EBITDA of $22.5 million, Exceeding $20 Million Guidance Land Sales of $23.8 million, Exceeding $20 Million Guidance Strong Cash Generation Delivers $38.1 Million Cash and cash equi ...

Core Points - Alico, Inc. supports the establishment of the Corkscrew Grove Stewardship District, which aims to enhance community infrastructure in eastern Collier County [1][3][6] - The legislation received unanimous support from various Florida legislative bodies and local government [2] - The district will facilitate Alico's infrastructure financing, natural area management, and community administration [3][5] Company Overview - Alico, Inc. is a Florida-based agribusiness and land management company with over 125 years of experience, managing approximately 51,300 acres across 8 counties [9] - The company focuses on strategic land development and diversified agricultural operations to create long-term shareholder value [9] Project Details - Alico announced the creation of Corkscrew Grove Villages, covering approximately 4,600 acres, which will include two 1,500-acre villages and over 6,000 acres of conservation area [4] - The Corkscrew Grove Stewardship District will be overseen by a five-member Board of Supervisors and will collaborate with local agencies for infrastructure development [5][6] - Alico is currently seeking approval for the East Village, with a decision expected in 2026 and potential construction starting in 2028 or 2029 [7]