Earnings ·
Maui Land & Pineapple Company reported a net loss of $3.7 million for the first half of fiscal year 2026, an…
MLPMaui Land & Pineapple Co Inc
Maui Land & Pineapple Company reported a net loss of $3.7 million for the first half of fiscal year 2026, an improvement from the prior year's loss driven by the absence of pension termination charges. Recurring revenue from commercial real estate and land leasing totaled approximately $6.6 million, with commercial real estate maintaining 93% occupancy. The company holds over $20.0 million in contracted land sales, including two $10.0 million transactions currently in escrow for parcels in Kapalua expected to close in 2027. Management appointed Ryan Panopio as Chief Investment Officer and is pursuing the sale of certain water assets to the County of Maui. The company also invested $0.8 million in its drought-resistant blue agave venture, expanding cultivation to 80 acres. Maui Land & Pineapple Company operates in the real estate development and land management industry, owning over 22,000 acres including the Kapalua Resort.