Alico Q2 revenue drops 70% as citrus business winds down

Alico

11/05/2026 21:32

Overview

Florida land management firm's Q2 revenue fell 70% yr/yr as citrus operations wind down

Net income swung to $11.4 mln from a loss a year ago, aided by land sales

Company repurchased 245,399 shares for $10 mln during the quarter

Outlook

Alico expects fiscal 2026 Adjusted EBITDA of about $14 mln

Company expects to end fiscal 2026 with cash of about $40 mln and net debt of $45 mln

Alico says construction on Corkscrew Grove Villages could begin in 2028 or 2029 if approvals granted

Result Drivers

LAND SALES - Net income improvement driven by sale of 2,950 acres for $26.9 mln in Q2

CITRUS WIND-DOWN - Revenue fell as company continued to wind down citrus operations

LAND MANAGEMENT REVENUE - Increased lease and royalty income from diversified land use contributed to segment revenue growth

Company press release: ID:nGNX5Vl5gT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$5.34 mln
$2.45 mln (2 Analysts)
Q2 Net Income
$11.38 mln
Q2 Adjusted EBITDA
$16.88 mln
$12.70 mln (2 Analysts)
Q2 EBITDA
$16.72 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the fishing & farming peer group is "buy"

Wall Street's median 12-month price target for Alico Inc is $44.50, about 9.4% above its May 8 closing price of $40.68

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)