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Alico Q2 swings to profit of $11.4 million; revenue drops 70.3% to $5.34 million

PUBT·05/11/2026 20:06:39
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Alico Q2 swings to profit of $11.4 million; revenue drops 70.3% to $5.34 million
  • Alico posted net income attributable to common stockholders of USD 11.4 million for second quarter ended March 31, 2026, swinging from a loss a year earlier; diluted EPS was USD 1.49.
  • Revenue fell 70.3% to USD 5.34 million, while adjusted EBITDA rose 32.6% to USD 16.88 million.
  • Closed a USD 26.9 million sale of 2,950 acres in January, lifting year-to-date land sales to USD 34.6 million.
  • Cash and cash equivalents increased to USD 52.88 million at quarter-end, while net debt narrowed to USD 32.58 million from USD 47.42 million at Sept. 30, 2025.
  • Secured final local entitlement approvals in April for Corkscrew Grove East Village, with management flagging remaining federal and state permits; fiscal 2026 outlook calls for adjusted EBITDA of about USD 14 million with cash around USD 40 million and net debt around USD 45 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alico Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000003545-26-000025), on May 11, 2026, and is solely responsible for the information contained therein.