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 .