{"id":993003,"date":"2026-08-10T17:38:02","date_gmt":"2026-08-10T21:38:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/alico-inc-announces-financial-results-for-the-third-quarter-ended-june-30-2026\/"},"modified":"2026-08-10T17:38:02","modified_gmt":"2026-08-10T21:38:02","slug":"alico-inc-announces-financial-results-for-the-third-quarter-ended-june-30-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alico-inc-announces-financial-results-for-the-third-quarter-ended-june-30-2026\/","title":{"rendered":"Alico, Inc. Announces Financial Results for the Third Quarter Ended June\u00a030, 2026"},"content":{"rendered":"
\n

\n Company Entered Agricultural Lease Agreement for Approximately\u00a0<\/em>
\n 3,280<\/em>
\n Acres, Including a Purchase Option for <\/em>
\n $29.5 million<\/em>
\n , Extending Alico\u2019s Land Monetization Strategy Beyond Outright Sales <\/em>\n <\/p>\n

\n Corkscrew Grove East Village Advances to State and Federal Permitting Process Following April 2026 Local Entitlement Approval<\/em>\n <\/p>\n

\n Company Completes $10.0 million of the Share Repurchase Program, Repurchasing Approximately 245,000 Shares, While Continuing to Strengthen Cash Position<\/em>\n <\/p>\n

\n Recently Strengthened Liquidity Position Extends Operating Runway Through 2029, W<\/em>ithout Requiring Any Additional Asset Sales<\/em><\/p>\n

\n Company Raises Fiscal Year 2026 Guidance Projecting Adjusted EBITDA of approximately $15 Million, Cash of Approximately <\/em>
\n $48 million<\/em>
\n and Net Debt of Approximately <\/em>
\n $37 million<\/em>\n <\/p>\n

FORT MYERS, Fla., Aug. 10, 2026 (GLOBE NEWSWIRE) — Alico, Inc. (\u201cAlico\u201d, the \u201cCompany\u201d, \u201cwe\u201d, \u201cus\u201d or \u201cour\u201d) (Nasdaq: ALCO) today announced financial results for the third quarter ended June 30, 2026.<\/p>\n

\n Management Comments<\/strong>\n <\/p>\n

John Kiernan, President and Chief Executive Officer of the Company, stated, \u201cOur third quarter results reflect the continued, steady execution of our Strategic Transformation. For example, the additional agricultural lease we recently signed for approximately 3,280 acres, structured with a purchase option, reflects how our land monetization strategy allows us to generate recurring lease income while preserving the optionality to realize additional value from the property over time, and we believe it reflects the discipline and flexibility that has defined our transformation to date. Corkscrew Grove East Village received local entitlement approval in April and is now advancing through the state and federal permitting process.”<\/p>\n

Mr. Kiernan continued, \u201cWe continue to review our operating cost structure to improve our cash flow, and this year we are executing a number of initiatives to reduce overhead, including a new office lease that we expect will begin delivering additional savings starting in the second quarter of next fiscal year. We recognize this remains a multi-year transformation, and we believe the markers of progress we are reporting this quarter \u2014 on our balance sheet, in our leasing program, and in our development entitlements \u2014 demonstrate that we remain on track to unlock the substantial value we believe exists within our approximately 47,300-acre Florida portfolio, while maintaining our commitment to responsible land stewardship. With cash and cash equivalents of $55.6 million at quarter-end, we believe we’ve extended our financial runway through fiscal year 2029, without requiring any additional asset sales, giving us the flexibility to advance our development pipeline on our own timeline.”<\/p>\n

\n Results<\/strong>
\n of Operations for the Third Quarter 2026:<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (in thousands, except for per share amounts and percentages)<\/em>
\n \n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Nine Months Ended June 30,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n % Change<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
Revenue<\/td>\n$<\/td>\n9,040<\/td>\n\u00a0<\/td>\n$<\/td>\n8,390<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.7<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n16,267<\/td>\n\u00a0<\/td>\n$<\/td>\n43,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(62.4<\/td>\n)%<\/td>\n<\/tr>\n
Net income (loss) attributable to Alico, Inc. common stockholders<\/td>\n$<\/td>\n2,125<\/td>\n\u00a0<\/td>\n$<\/td>\n(18,289<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n111.6<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n10,025<\/td>\n\u00a0<\/td>\n$<\/td>\n(138,841<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n107.2<\/td>\n%<\/td>\n<\/tr>\n
Gain (loss) per diluted common share<\/td>\n$<\/td>\n0.29<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.39<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n112.1<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n1.32<\/td>\n\u00a0<\/td>\n$<\/td>\n(18.18<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n107.3<\/td>\n%<\/td>\n<\/tr>\n
EBITDA(1)<\/sup><\/td>\n$<\/td>\n4,601<\/td>\n\u00a0<\/td>\n$<\/td>\n19,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(76.0<\/td>\n)%<\/td>\n\u00a0<\/td>\n$<\/td>\n23,731<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,210<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,173.8<\/td>\n%<\/td>\n<\/tr>\n
Adjusted EBITDA(1)<\/sup><\/td>\n$<\/td>\n4,601<\/td>\n\u00a0<\/td>\n$<\/td>\n19,273<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(76.1<\/td>\n)%<\/td>\n\u00a0<\/td>\n$<\/td>\n24,202<\/td>\n\u00a0<\/td>\n$<\/td>\n25,330<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4.5<\/td>\n)%<\/td>\n<\/tr>\n
Net cash provided by operating activities<\/td>\n$<\/td>\n7,141<\/td>\n\u00a0<\/td>\n$<\/td>\n7,026<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.6<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n2,332<\/td>\n\u00a0<\/td>\n$<\/td>\n22,841<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(89.8<\/td>\n)%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n June 30,<\/strong>
\n
\n 2026<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n September 30, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $ Change<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n June 30,<\/strong>
\n
\n 2026<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n September 30, 2025<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Balance Sheet Items<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n$<\/td>\n55,584<\/td>\n\u00a0<\/td>\n$<\/td>\n38,128<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nCurrent ratio<\/td>\n\u00a0<\/td>\n7.96 to 1<\/td>\n\u00a0<\/td>\n9.56 to 1<\/td>\n<\/tr>\n
Current portion of long-term debt<\/td>\n$<\/td>\n250<\/td>\n\u00a0<\/td>\n$<\/td>\n250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNet Debt(1)<\/sup><\/td>\n\u00a0<\/td>\n$<\/td>\n29,834<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n47,419<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term debt, net<\/td>\n$<\/td>\n82,668<\/td>\n\u00a0<\/td>\n$<\/td>\n82,797<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(129<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lines of credit<\/td>\n$<\/td>\n2,500<\/td>\n\u00a0<\/td>\n$<\/td>\n2,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Alico stockholders\u2019 equity<\/td>\n$<\/td>\n104,829<\/td>\n\u00a0<\/td>\n$<\/td>\n103,032<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,797<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(1) \u201cEBITDA,\u201d \u201cAdjusted EBITDA\u201d and \u201cNet Debt\u201d are non-GAAP financial measures. See \u201cNon-GAAP Financial Measures\u201d at the end of this earnings release for details regarding these measures, including reconciliations of the Non-GAAP Financial Measures to their most directly comparable GAAP measures.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

For the three months ended June\u00a030, 2026 and 2025, the Company reported net income (loss) attributable to Alico common stockholders of $2.1 million and $(18.3) million, respectively. The shift from a net loss to net income attributable to Alico common stockholders for the three months ended June\u00a030, 2026 was principally the result of the Company’s Strategic Transformation, including the resulting acceleration of depreciation on its citrus trees during the three months ended June\u00a030, 2025 and increased lease income as a result of the Company’s share of crop insurance payments received by one of its lessees during the three months ended June\u00a030, 2026. For the three months ended June\u00a030, 2026, the Company had earnings of $0.29 per diluted common share, compared to a loss of $(2.39) per diluted common share for the three months ended June\u00a030, 2025.<\/p>\n

For the three months ended June\u00a030, 2026 and 2025, the Company had EBITDA of $4.6 million and $19.2 million, respectively, and Adjusted EBITDA of $4.6 million and $19.3 million, respectively.<\/p>\n

These quarterly financial results reflect the evolving nature of the Company\u2019s business as it executes its strategic transformation. Historically, the Company was primarily engaged in citrus production and sales, which created significant seasonal patterns with the first and second quarters typically generating most annual revenue and higher working capital requirements in the third and fourth quarters coinciding with harvesting cycles. As part of the Company\u2019s strategic transformation, the Company has made the decision to wind down its citrus operations and focus on land sales, land leasing, and land development activities. The Company completed its last significant citrus harvest in April 2025. While the Company expects the historical seasonal patterns to diminish over time as this transition progresses, the Company\u2019s financial results may continue to reflect some seasonality during the wind-down period. Additionally, the Company\u2019s new focus on land sales, leasing, and development may introduce different timing patterns for revenue recognition based on transaction closings and development project milestones. Given this business transformation, results for any quarter may not be indicative of results for the full year, and historical seasonal patterns may not be predictive of future quarterly performance as the Company completes the transition to its new business model.<\/p>\n

\n Other Corporate Financial Information<\/strong>\n <\/p>\n

General and administrative expense decreased 21.2% for the three months ended June\u00a030, 2026, compared to the three months ended June\u00a030, 2025 due to lower employee expenses and insurance premiums.<\/p>\n

General and administrative expense decreased 3.9% for the nine months ended June\u00a030, 2026, compared to the nine months ended June\u00a030, 2025 due to lower depreciation expense, partially offset by an increase in contract labor costs and a provision for credit losses on certain citrus receivables.<\/p>\n

\n Dividend<\/strong>\n <\/p>\n

On July 16, 2026, the Company paid a third quarter cash dividend of $0.05 per share on its outstanding common stock to stockholders of record as of July 2, 2026.<\/p>\n

\n Balance Sheet and Liquidity <\/strong>\n <\/p>\n

The Company continues to demonstrate financial strength within its balance sheet, as highlighted below:<\/p>\n