Company Closed $7.7 million of Land Sales in First Quarter; Total Land Sales Reach $34.5 million Year-to-Date Through January 2026 Farmable land Utilization Reaches 97% Following Completion of Lease Agreements in January 2026 Land Sales and Operating Performance Strengthen Cash Position, Creating Strategic Capital Deployment Optionality Development Pipeline Moves Forward with Local Corkscrew Grove Entitlement Decision By County Expected in 2026 FORT MYERS, Fla., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Alico, Inc. ...

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]