FORT MYERS, Fla. — November 24, 2025 — Leads & Copy — Alico, Inc. (Nasdaq: ALCO) has released its financial results for the fourth quarter and fiscal year, which ended September 30, 2025.
Fiscal year 2025 marked a strategic shift for Alico, transforming from a traditional citrus producer to a diversified land management company, according to President and CEO John Kiernan. Kiernan stated that disciplined execution has positioned them well for the next phase of transformation. The company has allocated approximately 25% of its land holdings for strategic development opportunities, while 75% remains in diversified agriculture.
Alico met its commitments to shareholders, completing its final major citrus harvest and exceeding its land sales guidance with $23.8 million in proceeds. Despite a net loss attributable to Alico, Inc. common stockholders of $147.3 million, the company achieved Adjusted EBITDA of $22.5 million, surpassing its $20 million target. The year concluded with $38.1 million in cash and a reduced net debt of $47.4 million, providing financial flexibility to fund operations through fiscal year 2027 and advance high-value land development projects.
Significant milestones have been reached, including the Corkscrew Grove Villages project, which is approaching regulatory approvals. A final decision from Collier County is expected in 2026. The establishment of the Corkscrew Grove Stewardship District and a partnership with the Florida Department of Transportation for a wildlife underpass on State Road 82 are also significant achievements.
For the fiscal year 2025, Alico reported a net loss attributable to common stockholders of $(147.3) million, compared to a net income of $7.0 million in fiscal year 2024. The net loss is primarily attributed to accelerated depreciation of $162.7 million, impairment of young trees and certain long lived assets at $25.0 million, and lower gains on the sale of property and equipment of $21.8 million. These were partially offset by lower inventory adjustments, crop insurance proceeds, and a change in income taxes.
Adjusted EBITDA for fiscal years 2025 and 2024 was $22.5 million and $29.7 million, respectively. Alico Citrus harvested 2.3 million boxes of fruit in fiscal year 2025, a 25.9% decrease from the prior year, driven by fruit drop caused by Hurricane Milton in October 2024. However, the average realized price per pound solids increased from $2.81 to $3.66.
Gross profit for the Land Management and Other Operations Division increased by $1.1 million due to higher rock and sand royalty income, sod sales, and farm lease revenue, partially offset by lower grazing and hunting lease revenues after the sale of Alico Ranch. General and administrative expenses increased by $0.6 million due to accelerated depreciation and personnel and legal costs related to the Strategic Transformation.
Other income, net, decreased due to lower gains on land sales. In November 2025, Alico announced a strategic partnership with the Florida Department of Transportation (FDOT) to design and construct a wildlife underpass as part of a planned expansion of State Road 82 in Collier County. Alico has committed approximately $5 million toward design and construction costs and will be reimbursed through the Corkscrew Grove Stewardship District.
Alico continues its commitment to regional conservation efforts, having transferred lands for conservation over the past 40 years, including areas that became part of the Corkscrew Regional Ecosystem Watershed (CREW), Tiger Creek Preserve and Okaloacoochee Slough Wildlife Management Area. In January 2025, Alico sought legislative approval to establish the Corkscrew Grove Stewardship District, which was established in June 2025 to finance infrastructure, restore natural areas, and oversee the administration of master-planned communities.
On October 10, 2025, Alico paid a fourth-quarter cash dividend of $0.05 per share to stockholders of record as of September 26, 2025.
John Mills, ICR, (646) 277-1254, InvestorRelations@alicoinc.com
Brad Heine, Chief Financial Officer, (239) 226-2000, bheine@alicoinc.com
Source: Alico, Inc.
