Alico Inc
NASDAQ:ALCO
Alico Inc
Alico, Inc. is a holding company, which engages in the operations in agriculture, land management, and natural resources. The company is headquartered in Fort Myers, Florida and currently employs 222 full-time employees. The firm's principal lines of business are citrus groves and conservation. The firm's segments include Alico Citrus and Land Management and Other Operations. The Alico Citrus segment owns and manages citrus land in DeSoto, Polk, Collier, Hendry, Charlotte, Highlands, and Hardee Counties in the state of Florida and engages in the cultivation of citrus trees to produce citrus for delivery to the fresh and processed citrus markets. The Land Management and Other Operations segment owns and manages land in Collier, Glades, and Hendry Counties and is engaged in land leasing for recreational and grazing purposes, conservation, and mining activities. The firm owns approximately 81,000 acres of land and approximately 90,000 acres of mineral rights throughout Florida. The firm holds these mineral rights on all its owned acres, with additional mineral rights on other acres.
Alico, Inc. is a holding company, which engages in the operations in agriculture, land management, and natural resources. The company is headquartered in Fort Myers, Florida and currently employs 222 full-time employees. The firm's principal lines of business are citrus groves and conservation. The firm's segments include Alico Citrus and Land Management and Other Operations. The Alico Citrus segment owns and manages citrus land in DeSoto, Polk, Collier, Hendry, Charlotte, Highlands, and Hardee Counties in the state of Florida and engages in the cultivation of citrus trees to produce citrus for delivery to the fresh and processed citrus markets. The Land Management and Other Operations segment owns and manages land in Collier, Glades, and Hendry Counties and is engaged in land leasing for recreational and grazing purposes, conservation, and mining activities. The firm owns approximately 81,000 acres of land and approximately 90,000 acres of mineral rights throughout Florida. The firm holds these mineral rights on all its owned acres, with additional mineral rights on other acres.
Land Sales: Alico generated $7.7 million in land sales during the quarter and $34.5 million year-to-date through January 2026, reflecting strong demand for its Florida properties.
Profitability Improvement: Net loss narrowed to $3.5 million from $9.2 million last year; EBITDA turned positive at $2.4 million versus negative $6.7 million prior period.
Business Transformation: The company completed its exit from the citrus business, reducing operating complexity and showing improved financial stability.
Balance Sheet Strength: Ended the quarter with $34.8 million in cash and a current ratio of 14.39:1, with net debt at $50.7 million.
Development Pipeline: Four near-term real estate projects (including Corkscrew Grove Villages) are on track, valued between $335 million and $380 million.
Guidance Raised: Fiscal 2026 adjusted EBITDA is expected to be approximately $14 million, with projected year-end cash around $50 million and net debt reduced to $35 million.
Farmland Utilization: Achieved 97% leasing of farmable acreage, maximizing revenue from diversified agricultural leasing.
