Alico swings to profit in Q2 FY26, revenue drops 70.3% to $5.34 million

• Alico posted net income attributable to common stockholders of USD 11.38 million for quarter ended March 31, 2026, swinging from a loss a year earlier.
• Revenue fell 70.3% to USD 5.34 million, while operating loss narrowed to USD 7.82 million.
• Other income, net rose 30.9% to USD 19.32 million, driven by sale of about 2,950 acres for USD 26.86 million in gross proceeds.
• In March, it sold about 2,950 acres at USD 9,110 per acre, repurchased 207,340 shares for USD 8,372, and advanced USD 5,071 to fund a wildlife crossing tied to Corkscrew Grove Villages.
• Collier County commissioners unanimously approved Corkscrew Grove East Village Stewardship Receiving Area, covering 1,446.59 acres with plans allowing up to 4,502 dwelling units.

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: 0000003545-26-000026), on May 11, 2026, and is solely responsible for the information contained therein.