Alico Q3 profit turns positive on higher lease income

Alico

10/08/2026 21:17

Overview
Florida diversified land company's Q3 revenue grew 7.7% yr/yr as business shifts from citrus
Net income attributable to common stockholders turned positive after prior-year loss, reflecting transformation and increased lease income
Company completed $10 mln share repurchase, raised fiscal 2026 guidance for adjusted EBITDA and cash

Outlook
Alico raises FY 2026 Adjusted EBITDA guidance to approximately $15 mln
Company expects to end FY 2026 with cash of about $48 mln and net debt of about $37 mln
Alico says liquidity position extends operating runway through 2029 without additional asset sales

Result Drivers
LEASE INCOME - Co said increased lease income, including share of crop insurance payments received by lessees, contributed to improved net income
COST REDUCTIONS - General and administrative expense fell 21.2% yr/yr due to lower employee expenses and insurance premiums
BUSINESS TRANSFORMATION - Q3 results reflect transition from citrus operations to land sales, leasing and development, with new revenue timing patterns

Company press release: ID:nGNX8K9p2z

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$9.04 mln
$2.75 mln (2 Analysts)
Q3 Net Income
 
$1.57 mln
 
Q3 Adjusted EBITDA
Beat
$4.60 mln
-$3.05 mln (2 Analysts)
Q3 EBITDA
 
$4.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 16.5% above its August 7 closing price of $38.20

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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.)