ALICO INC. DL 1

Alico is exiting citrus production after disease and hurricane damage and is transitioning to leasing farmland, managing acreage for future development, and pursuing entitlements across its 47,300-acre Florida portfolio. Management is advancing a proposed 4,660-acre Collier County master-planned community that could total about 9,000 homes, while state and federal approvals — including water use and endangered-species reviews — remain pending. The company has generated over $90 million from agricultural land sales in the past 18 months, expects at least $15 million in EBITDA for the year, and is using liquidity to avoid distressed sales while returning capital via dividends and a $50 million buyback authorization (first $10 million completed). » Mere på finance.yahoo.com

Alico has withdrawn from large-scale citrus farming and is pursuing a strategic shift toward land development and monetization. Management values the present value of developable land at $650–750 million versus a market capitalization of about $300 million, calling it a "valuation gap." Sales over the past 18 months averaged roughly $9,000 per acre, liquidity has improved, and adjusted EBITDA for the first nine months was about $24 million. Major development projects like Corkscrew in Collier County are awaiting state and federal approvals, with federal clearance potentially taking around two years. » Mere på de.investing.com

Alico reported Q3 fiscal 2026 revenue of $9.0 million, up 7.7% year over year, and net income of $2.1 million ($0.29 per share) versus a $18.3 million loss a year earlier. Cash rose to $55.6 million and net debt fell to $29.8 million, aided by roughly $35 million of land and equipment sale proceeds. The company is shifting toward land management and development, signing a 3,280‑acre agricultural lease with a $29.5 million purchase option, acquiring the remaining 49% of Citree, and moving the Corkscrew Grove East Village project into state and federal permitting. Alico raised fiscal 2026 adjusted EBITDA guidance to about $15 million but expects fourth‑quarter EBITDA pressure from ongoing expenses. » Mere på finance.yahoo.com