Alico, Inc.

ALCO: 8-K · dividend

Alico, Inc.'s board of directors declared a fourth quarter fiscal year 2026 cash dividend of $0.05 per share on its outstanding common stock on September 8, 2026. Shareholders of record as of October 2, 2026 will receive payment on October 16, 2026. The announcement was made under Item 7.01 Regulation FD Disclosure and signed by CFO Bradley Heine. The filing confirms continuation of Alico's modest quarterly dividend, a routine capital-return signal for the Florida agribusiness whose common stock trades on Nasdaq under the symbol ALCO.

SEC 8-K•1mo ago

ALCO: 10-Q · periodic report

Alico's fiscal Q3 2026 10-Q shows the company swung to net income of $2.1 million ($0.29 per share) versus an $18.3 million loss a year earlier, as it substantially completed the wind-down of its Alico Citrus division under the Strategic Transformation announced in January 2025. The company now reports as a single segment focused on a long-term diversified land usage and real estate development strategy. Nine-month revenue fell 62.4% to $16.3 million as citrus sales ended, but Land Management and Other Operations revenue jumped to $7.9 million in the quarter from $0.6 million, helped by roughly $6.6 million of contingent lease payments tied to crop insurance for weather events. Alico also sold about 3,546 acres for $34.6 million gross ($9,761 per acre) during the nine months, and in June leased approximately 3,280 Hendry County acres with a $29.5 million lessee purchase option exercisable through mid-2029. The balance sheet strengthened: cash rose to $55.6 million, net debt fell to $29.8 million from $47.4 million, and the company bought the 49% of Citree it did not own for $2.0 million. Alico repurchased 245,399 shares for $10.0 million in fiscal 2026 under its $50 million authorization ($40.0 million remaining), remains in compliance with all credit covenants, and has $92.5 million available on its revolving line. Key watch items: Kobie Cattle Company accounted for 48.3% of nine-month revenue and 67% of receivables, operating cash flow dropped to $2.3 million from $22.8 million, and management maintained a valuation allowance on deferred tax assets given the cumulative three-year loss position.

SEC 10-Q•2mo ago

Alico, Inc. Announces Financial Results for the Third Quarter Ended June 30, 2026

Alico reported Q3 net income of $2.1 million, or $0.29 per share, reversing a prior-year loss of $18.3 million, as revenue grew 7.7% year-over-year to $9.0 million. The company raised fiscal 2026 guidance to project Adjusted EBITDA of approximately $15 million and ending cash of $48 million, extending its operating runway through 2029 without further asset sales. Strategic highlights included the completion of $10.0 million in share repurchases, a new agricultural lease for 3,280 acres with a purchase option, and the advancement of the Corkscrew Grove East Village project to state and federal permitting.

•2mo ago

ALCO: 8-K · material agreement

Alico entered into an Agricultural Lease Agreement with United States Sugar Corporation for approximately 3,280 acres of real property located in Hendry County, Florida. The initial lease term runs from July 1, 2026 to June 30, 2027, with U.S. Sugar holding the right to extend the lease for an additional ten-year term. The agreement grants U.S. Sugar an option to purchase the property for $29,520,000, or approximately $9,000 per acre, if exercised on or before June 30, 2029.

SEC 8-K•4mo ago

ALCO: 8-K · dividend

Alico, Inc. declared a cash dividend of $0.05 per share for the third quarter of fiscal year 2026, payable to shareholders of record on July 2, 2026. The payment is scheduled to be made on July 16, 2026. This disclosure was made pursuant to Regulation FD and signed by Chief Financial Officer Bradley Heine.

SEC 8-K•4mo ago

Alico, Inc. Announces Financial Results for the Second Quarter Ended March 31, 2026

Alico, Inc. reported a net income of $11.4 million for the second quarter of 2026, a significant shift from the net loss of $111.4 million in the same period last year. The company closed a $26.9 million land sale for 2,950 acres of citrus grove in the second quarter, contributing to the net income and Adjusted EBITDA of $16.9 million. Alico repurchased 245,399 shares for $10.0 million through April 2026, demonstrating its commitment to returning value to shareholders. The company received final local entitlement approvals from the Collier County Board of County Commissioners for the East Village component of Corkscrew Grove Villages, advancing the project toward federal and state permits.

•5mo ago

Alico, Inc. Receives Unanimous Approval from Collier County for Corkscrew Grove East Village

Alico received unanimous approval from Collier County for the Corkscrew Grove East Village, securing local entitlements for the initial phase of its master-planned community. The approved plan encompasses over 2,700 acres of stewardship areas and allows for the development of up to 4,502 dwelling units, including affordable housing, alongside commercial and civic spaces. With local hurdles cleared, the company will now pursue state and federal permits, targeting a potential construction start window of 2028 or 2029.

•5mo ago