Land management firm Alico's Q1 revenue falls 88.8%

Alico

04/02/2026 21:22

Overview

Florida-based agribusiness reported Q1 revenue down 88.8% yr/yr

Co reports adjusted EBITDA of $2.72 mln

Company's strategic shift focuses on land sales and leasing, reducing citrus dependency

Outlook

Company expects fiscal year 2026 Adjusted EBITDA of approximately $14 mln

Alico anticipates Corkscrew Grove Villages entitlement decision by Collier County in 2026

Company aims to end fiscal year 2026 with cash of approximately $50 mln

Result Drivers

LAND SALES - Alico completed $7.7 mln in land sales this quarter, contributing to financial stability and reduced net loss

FARMABLE LAND UTILIZATION - Achieved 97% utilization of farmable acreage through diversified agricultural partnerships, reducing volatility

STRATEGIC TRANSFORMATION - Shift from citrus operations to land sales and leasing, reducing weather-dependent volatility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$1.89 mln
$2.12 mln (2 Analysts)
Q1 Net Income
-$3.48 mln
Q1 Adjusted EBITDA
Beat
$2.72 mln
-$760,000 (2 Analysts)
Q1 EBITDA
$2.41 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 $43.00, about 2.4% above its February 3 closing price of $42.01

Press Release: ID:nGNX7dRKl9

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(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.)