Alico, Inc. announced financial results for the third quarter ended June 30, 2025, reporting a net loss attributable to common stockholders of $(18.3) million, compared to a net loss of $(2.0) million in the prior year period. The diluted loss per share was $(2.39), compared to $(0.27) in the same period last year.
The increased net loss was primarily due to approximately $40.7 million of accelerated depreciation related to the wind-down of citrus operations. However, Adjusted EBITDA for the quarter significantly improved to $19.3 million, up from $1.3 million in the prior year.
Alico successfully completed its final major citrus harvest during the third quarter, marking a significant milestone in its strategic transformation. The company generated over $9 million from combined land and equipment sales in the quarter and received $16.0 million in crop insurance proceeds, contributing to a robust cash position of $42.1 million.
The company confirmed it has exceeded its initial $20 million land sales guidance for fiscal year 2025. Alico expects to end fiscal year 2025 with approximately $25 million in cash and $60 million in net debt, with an anticipated Adjusted EBITDA of approximately $20 million, providing sufficient liquidity through fiscal year 2027.
Further progress was noted on the Corkscrew Grove Villages development, with the Florida Legislature approving the bill to create the Corkscrew Grove Stewardship District in June. A five-member board of supervisors was appointed in August to facilitate the project's infrastructure financing and natural area management.
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