Earnings ·
Alico, Inc. reported financial results for the third quarter ended June 30, 2026, posting net income of $2.1 million…
ALCOAlico, Inc.
Alico, Inc. reported financial results for the third quarter ended June 30, 2026, posting net income of $2.1 million ($0.29 per diluted share) compared to a loss of $18.3 million in the prior year period. Revenue increased 7.7% to $9.0 million, driven by land management operations as citrus production winds down. The company raised its fiscal year 2026 Adjusted EBITDA guidance to approximately $15 million and projects ending cash of $48 million with net debt of $37 million. Alico completed a $10.0 million share repurchase program, buying back roughly 245,000 shares, and acquired the remaining 49% interest in its Citree joint venture for $2.0 million plus assumed debt. Additionally, the Corkscrew Grove East Village development advanced to state and federal permitting stages following local approval. Alico operates as a Florida-based land management and agribusiness company focused on strategic land development and agricultural operations.