Revenue: As of FY2025 Q4, the actual value is USD 128.9 M.EBIT: As of FY2025 Q4, the actual value is USD 43.4 M.<h4>Dividend</h4>On February 25, 2026, The St. Joe Company declared a quarterly cash dividend of $0.16 per share on its common stock, payable on March 26, 2026, to shareholders of record on March 9, 2026 .<h4>Overall Financial Performance</h4><h5>Fourth Quarter 2025 Highlights (vs. Q4 2024)</h5>Net income attributable to The St. Joe Company increased by 58% to $29.9 million, from $18.9 million . Operating income for Q4 2025 was $39.4 million, up from $25.7 million in Q4 2024 . Investment income, net, was $3.4 million for Q4 2025, compared to $3.2 million for Q4 2024 . Interest expense was - $7.2 million for Q4 2025, compared to - $8.1 million for Q4 2024 . Equity in income from unconsolidated joint ventures was $4.4 million for Q4 2025, up from $4.0 million for Q4 2024 . Income tax expense was - $9.7 million for Q4 2025, compared to - $6.6 million for Q4 2024 . Depreciation, depletion, and amortization was $11.7 million for Q4 2025, compared to $12.1 million for Q4 2024 . EBITDA increased by 30% to $55.1 million, compared to $42.5 million for the same period in 2024 .<h5>Full Year 2025 Highlights (vs. Full Year 2024)</h5>Net income attributable to The St. Joe Company increased by 56% to $115.6 million, from $74.2 million . Operating income for the full year 2025 was $146.2 million, up from $95.6 million in 2024 . Investment income, net, was $13.2 million for full year 2025, compared to $13.5 million for full year 2024 . Interest expense was - $30.5 million for full year 2025, compared to - $33.6 million for full year 2024 . Equity in income from unconsolidated joint ventures was $25.6 million for full year 2025, up from $23.6 million for full year 2024 . Income tax expense was - $39.2 million for full year 2025, compared to - $26.0 million for full year 2024 . Depreciation, depletion, and amortization was $47.5 million for full year 2025, compared to $46.4 million for full year 2024 . EBITDA for the full year 2025 increased by 32% to $219.6 million, compared to $166.7 million for the full year 2024 .<h4>Segment Revenue and Operational Metrics</h4><h5>Real Estate Segment</h5>For Q4 2025, real estate revenue increased by 47% to $68.2 million, compared to $46.5 million for Q4 2024 . Residential real estate volume included 248 residential homesites, six townhomes, and one completed home in Q4 2025, compared to 331 residential homesites in Q4 2024 . Five commercial and forestry real estate sales totaled $6.5 million in Q4 2025, compared to five sales totaling $8.6 million in Q4 2024 . For the full year 2025, real estate revenue increased by 64% to $234.2 million, compared to $143.2 million for the full year 2024 . The company sold 911 residential homesites at an average base price of approximately $137,000 and a gross margin of 51% in 2025, compared to 912 homesites at an average base price of approximately $108,000 and a gross margin of 47% in 2024 . Sixteen commercial, hospitality, and forestry real estate sales totaled $57.1 million for the full year 2025, including a $41.0 million sale of the Watercrest joint venture senior living community property . As of December 31, 2025, the Company had 1,992 residential homesites under contract, expected to generate approximately $143.5 million in revenue, compared to 1,074 homesites under contract for $102.0 million as of December 31, 2024 . The residential homesite pipeline has approximately 23,900 homesites, an increase of about 2,200 from December 31, 2024 . The unconsolidated Latitude Margaritaville Watersound joint venture completed 527 home sales in full year 2025 at an average price of approximately $594,000, resulting in $32.2 million in equity income for The St. Joe Company, compared to 659 homes at an average price of approximately $527,000 and $29.3 million in equity income for full year 2024 .<h5>Hospitality Segment</h5>Hospitality revenue increased by 10% to a fourth quarter record of $46.5 million in 2025, compared to $42.2 million in Q4 2024 . For the full year 2025, hospitality revenue increased by 8% to a Company record of $215.4 million, compared to $199.2 million for the full year 2024 . Watersound Club revenue (including Camp Creek Inn operations) increased by 13% to $91.5 million, while hotel revenue increased by 4% to $110.3 million for the full year 2025 compared to 2024 . As of December 31, 2025, The St. Joe Company had 3,594 club members, an increase of 118 members from 3,476 as of December 31, 2024 . The Company owned 12 hotels with 1,298 operational hotel rooms as of December 31, 2025 .<h5>Leasing Segment</h5>Leasing revenue decreased by 9% to $14.2 million for Q4 2025, compared to $15.6 million for the same period in 2024, primarily due to the sale of the Watercrest joint venture senior living property . For the full year 2025, leasing revenue increased by 5% to a Company record of $63.6 million, compared to $60.3 million in 2024 . As of December 31, 2025, leasable space totaled approximately 1,174,000 square feet, with 96% leased and a rent collection rate exceeding 99% . An additional 94,500 square feet of leasable space was under construction, with 76% pre-leased .<h4>Corporate and Other Operating Expenses</h4>Corporate and other operating expenses for Q4 2025 increased by $1.1 million to $7.4 million, compared to $6.3 million for the same period in 2024 . For the full year 2025, these expenses increased by $2.1 million to $27.3 million, compared to $25.2 million in 2024, representing approximately 5% of revenue for the full year 2025, down from approximately 6% in 2024 .<h4>Cash Flow, Investments, Liquidity, and Debt</h4>In Q4 2025, The St. Joe Company funded $18.5 million in capital expenditures, paid $9.2 million in cash dividends, repurchased $15.1 million of its common stock, and repaid a net amount of $8.0 million of debt . For the full year 2025, the Company funded $108.1 million in capital expenditures, paid $33.6 million in cash dividends, repurchased $40.0 million of its common stock, and repaid a net amount of $46.6 million of debt . Capital allocation for 2025 was 47% for capital expenditures, 33% for shareholder distributions (dividends and stock repurchases), and 20% for debt repayment . Cash and cash equivalents increased by $40.8 million to $129.6 million as of December 31, 2025, compared to $88.8 million as of December 31, 2024 . As of December 31, 2025, outstanding debt was $391.2 million, net, compared to $437.8 million as of December 31, 2024 . The weighted average effective interest rate of outstanding debt was 4.8% with an average remaining life of 19.6 years, with 81% fixed or swapped interest rates .<h4>Outlook</h4>The St. Joe Company is cautiously optimistic about improved access to the region, including new daily non-stop flights to Northwest Florida Beaches International Airport (ECP), which is expected to positively impact its segments in 2026 and beyond . The company plans to leverage this new opportunity by promoting the Watersound lifestyle through a media campaign in the New York market . It anticipates continued growth prospects, recurring revenue, profitability, and opportunities for value capture from developed assets and capital allocation initiatives, including new projects in 2026 and beyond .

St Joe | 8-K: FY2025 Q4 Revenue: USD 128.9 M