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ALCO News
ALCO Events
Q3 Revenue of $9.04M Exceeds Estimates of $2.75M
Reports Q3 revenue $9.04M, two estimates $2.75M.
Alico Reports Q2 Revenue of $5.34M, Net Income of $11.4M
Reports Q2 revenue $5.34M vs. $17.98M last year. Revenue decreased primarily due to the ongoing wind-down of citrus operations as the company focuses on diversified land usage and real estate development. The shift from a net loss to net income was principally the result of a $26.9M sale of approximately 2,950 acres of land during the quarter. "We believe our second quarter results, including net income attributable to Alico, Inc. common stockholders of $11.4 million and Adjusted EBITDA of $16.9 million demonstrate the continued execution of our Strategic Transformation and our commitment to delivering on our stated goals," said CEO John Kiernan.
Alico Completes Sale of 2,950 Acres Grove for $26.8 Million
Alico announced the completion of a large grove sale representing approximately 2,950 acres and significant progress in its plans to generate cashflow from its agricultural assets, further advancing its strategic transformation from traditional citrus operations to a diversified land company. The Company closed on the sale of a large citrus grove in Hendry County representing approximately 2,950 acres for $26.8 million in gross proceeds, marking another milestone in its land monetization strategy. Combined with previously announced transactions completed in early fiscal year 2026, including the sale of 579 acres of citrus land for $6.1 million in gross proceeds and the Company's office and shop facility in Frostproof for $1.7 million in gross proceeds, these transactions demonstrate continued execution of Alico's strategic repositioning and mark $34.6 million in transactions in fiscal calendar year 2026.
Alico announces Q4 earnings per share of $1.11, compared to a loss of $2.38 in the previous year.
Reports Q4 revenue $802,000 vs. $935,000 last year. John Kiernan, president and CEO of the company, stated, "Fiscal year 2025 was a pivotal year in Alico's strategic evolution as we successfully made our transformation from a traditional citrus producer to a diversified land company. Our disciplined execution has positioned us well for the next phase of our transformation. With approximately 25% of our land holdings identified for strategic development opportunities and 75% remaining in diversified agriculture, we've created a balanced platform for both near-term returns and long-term growth. As we enter fiscal 2026, we believe Alico is well-capitalized, strategically focused, and positioned to deliver sustainable value creation for our shareholders. Our goals during the next phase are to optimize the agricultural leasing programs on all of our landholdings in the near term, continuing to maintain rigorous corporate and operational cost controls, and enhancing our properties that have strategic development potential as quickly as possible."
Alico collaborates with FDOT to build wildlife underpass on State Road 82
Alico has announced a strategic partnership with the Florida Department of Transportation, FDOT, and its construction contractor to design and construct a wildlife underpass as part of a planned expansion of State Road 82 to four lanes in Collier County. The wildlife underpass will align with a proposed wildlife corridor connected to the Corkscrew Grove Villages project in eastern Collier County. Alico has committed approximately $5 million toward design and construction costs related to the wildlife underpass.
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