--- title: "Alico | 10-Q: FY2026 Q2 Revenue Beats Estimate at USD 5.34 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285988850.md" datetime: "2026-05-11T20:08:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285988850.md) - [en](https://longbridge.com/en/news/285988850.md) - [zh-HK](https://longbridge.com/zh-HK/news/285988850.md) generator: "portal-rs" --- # Alico | 10-Q: FY2026 Q2 Revenue Beats Estimate at USD 5.34 M Revenue: As of FY2026 Q2, the actual value is USD 5.34 M, beating the estimate of USD 2.45 M. EPS: As of FY2026 Q2, the actual value is USD 1.49, beating the estimate of USD 1.09. EBIT: As of FY2026 Q2, the actual value is USD -7.414 M. #### Overall Company Performance - **Operating Revenues**: - Three months ended March 31, 2026: $5,340 thousand - Three months ended March 31, 2025: $17,980 thousand - Six months ended March 31, 2026: $7,227 thousand - Six months ended March 31, 2025: $34,874 thousand - **Loss from Operations**: - Three months ended March 31, 2026: - $7,821 thousand - Three months ended March 31, 2025: - $153,085 thousand - Six months ended March 31, 2026: - $16,376 thousand - Six months ended March 31, 2025: - $163,909 thousand - **Net Income (Loss) Attributable to Alico, Inc. Common Stockholders**: - Three months ended March 31, 2026: $11,381 thousand - Three months ended March 31, 2025: - $111,385 thousand - Six months ended March 31, 2026: $7,900 thousand - Six months ended March 31, 2025: - $120,552 thousand #### Alico Citrus Segment - **Segment Revenue**: - Three months ended March 31, 2026: $3,791 thousand (down 78.0% YoY) - Three months ended March 31, 2025: $17,253 thousand - Six months ended March 31, 2026: $4,674 thousand (down 86.1% YoY) - Six months ended March 31, 2025: $33,579 thousand - **Revenue by Category**: - **Early and Mid-Season**: - Three months ended March 31, 2026: $1,633 thousand (up 152.0% YoY) - Six months ended March 31, 2026: $1,915 thousand (down 87.7% YoY) - **Valencias**: - Three months ended March 31, 2026: $2,158 thousand (down 86.8% YoY) - Six months ended March 31, 2026: $2,158 thousand (down 86.8% YoY) - **Fresh Fruit and Other**: - Three months ended March 31, 2026: $0 thousand (down 100.0% YoY) - Six months ended March 31, 2026: $588 thousand (down 29.0% YoY) - **Grove Management Services**: - Three months ended March 31, 2026: $0 thousand (down 100.0% YoY) - Six months ended March 31, 2026: $13 thousand (down 98.5% YoY) - **Segment Expenses**: - Three months ended March 31, 2026: $8,894 thousand (down 94.7% YoY) - Six months ended March 31, 2026: $16,286 thousand (down 91.5% YoY) - **Gross Loss**: - Three months ended March 31, 2026: - $5,103 thousand - Six months ended March 31, 2026: - $11,612 thousand - **Depreciation, Depletion, and Amortization**: - Three months ended March 31, 2026: $4,466 thousand - Six months ended March 31, 2026: $10,336 thousand - **Assets**: - As of March 31, 2026: $97,886 thousand #### Land Management and Other Operations Segment - **Segment Revenue**: - Three months ended March 31, 2026: $1,549 thousand (up 113.1% YoY) - Three months ended March 31, 2025: $727 thousand - Six months ended March 31, 2026: $2,553 thousand (up 97.1% YoY) - Six months ended March 31, 2025: $1,295 thousand - **Revenue by Category**: - **Land and Other Leasing**: - Three months ended March 31, 2026: $1,415 thousand (up 109.9% YoY) - Six months ended March 31, 2026: $2,318 thousand (up 101.0% YoY) - **Other**: - Three months ended March 31, 2026: $134 thousand (up 152.8% YoY) - Six months ended March 31, 2026: $235 thousand (up 65.5% YoY) - **Segment Expenses**: - Three months ended March 31, 2026: $1,034 thousand (up 1377.1% YoY) - Six months ended March 31, 2026: $1,083 thousand (up 1090.1% YoY) - **Gross Profit**: - Three months ended March 31, 2026: $515 thousand (down 21.6% YoY) - Six months ended March 31, 2026: $1,470 thousand (up 22.1% YoY) - **Depreciation, Depletion, and Amortization**: - Three months ended March 31, 2026: $235 thousand - Six months ended March 31, 2026: $263 thousand - **Assets**: - As of March 31, 2026: $100,065 thousand #### Operational Metrics (Consolidated) - **General and Administrative Expenses**: - Three months ended March 31, 2026: $3,233 thousand (down 4.6% YoY) - Six months ended March 31, 2026: $6,234 thousand (up 4.4% YoY) - **Total Other Income, Net**: - Three months ended March 31, 2026: $19,318 thousand (up 30.9% YoY) - Six months ended March 31, 2026: $23,680 thousand (up 67.3% YoY) - **Income (Loss) Before Income Taxes**: - Three months ended March 31, 2026: $11,497 thousand - Six months ended March 31, 2026: $7,304 thousand - **Income Tax Provision (Benefit)**: - Three months ended March 31, 2026: $215 thousand - Six months ended March 31, 2026: - $383 thousand - **Total Depreciation, Depletion, and Amortization**: - Three months ended March 31, 2026: $4,715 thousand - Six months ended March 31, 2026: $10,628 thousand - **Impairment of Long-Lived Assets**: - Six months ended March 31, 2026: $0 thousand - Six months ended March 31, 2025: $24,966 thousand - **Inventory Net Realizable Value Adjustment**: - Six months ended March 31, 2026: $0 thousand - Six months ended March 31, 2025: $9,895 thousand - **Restructure Expenses**: - Six months ended March 31, 2026: $471 thousand (Personnel) - Six months ended March 31, 2025: $2,220 thousand (Personnel) and $285 thousand (Other) #### Cash Flow - **Net Cash Used in Operating Activities**: - Six months ended March 31, 2026: - $4,809 thousand - Six months ended March 31, 2025: - $571 thousand - **Net Cash Provided by Investing Activities**: - Six months ended March 31, 2026: $28,551 thousand - Six months ended March 31, 2025: $15,963 thousand - **Net Cash Used in Financing Activities**: - Six months ended March 31, 2026: - $8,991 thousand - Six months ended March 31, 2025: - $3,369 thousand - **Net Increase in Cash and Cash Equivalents and Restricted Cash**: - Six months ended March 31, 2026: $14,751 thousand - Six months ended March 31, 2025: $12,023 thousand #### Unique Metrics - **Land Sales**: - Three months ended March 31, 2026: 2,950 acres for $26,859 thousand ($9,110 per acre) - Six months ended March 31, 2026: 3,546 acres for $34,611 thousand ($9,761 per acre) - **Common Stock Repurchases**: - Three months ended March 31, 2026: 207,340 shares at a weighted average price of $40.38 per share, totaling $8,372 thousand - April 2026 (subsequent event): 38,059 shares at $42.87 per share, totaling $1,631 thousand - Fiscal Year 2026 to date (as of April 2026): 245,399 shares at $40.76 per share, totaling $10,003 thousand - Remaining under repurchase program (as of March 31, 2026): $41,628 thousand - **Restricted Cash**: - As of March 31, 2026: $762 thousand - As of September 30, 2025: $762 thousand - **Note Receivable from Corkscrew Grove Stewardship District**: - As of March 31, 2026: $5,177 thousand (carrying amount) - **Long-Term Debt and Lines of Credit**: - **Met Fixed-Rate Term Loans**: $70,000 thousand at 3.85% - **Met Fixed-Rate Term Loan II**: $10,000 thousand at 6.21% - **Met Citree Term Loan**: $3,325 thousand at 5.28% - **RLOC (Revolving Line of Credit)**: $2,500 thousand drawn, $92,500 thousand available as of March 31, 2026 - **Minimum Liquidity Requirement**: $5,824 thousand as of March 31, 2026 - **Loan To Value Cap**: 50.0% - **Stock-Based Compensation Expense**: - Three months ended March 31, 2026: $140 thousand - Six months ended March 31, 2026: $316 thousand #### Future Outlook and Strategy Alico, Inc. is executing a Strategic Transformation to phase out its Alico Citrus division and concentrate on a long-term diversified land usage and real estate development strategy, which is anticipated to reduce seasonal revenue patterns . The Corkscrew Grove Villages development plan is progressing, with the Stewardship Receiving Area and its companion Stewardship Sending Area for the Corkscrew Grove East Village approved in April 2026 . The Company intends to use cash-on-hand, operational cash flow, and asset sales for liquidity, debt service, working capital, and capital expenditures, while also continuing its stock repurchase program . ### Related Stocks - [ALCO.US](https://longbridge.com/en/quote/ALCO.US.md) ## Related News & Research - [Alico Maps Shift From Citrus to Florida Land Development at IDEAS Conference](https://longbridge.com/en/news/297406844.md) - [ALCO: Shifting from citrus to land development, the company targets $650–$750M in asset value](https://longbridge.com/en/news/297087872.md) - [Vuxen Group announces availability of FY2025/2026 annual report (May 1, 2025–April 30, 2026)](https://longbridge.com/en/news/297499193.md) - [Systemair corrects dividend record date to Aug. 31, 2026 from Sept. 31 error](https://longbridge.com/en/news/297344953.md) - [iShares Core S&P 500 ETF declares Q3 2026 distribution of R$ 0.10 per unit](https://longbridge.com/en/news/297548335.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**