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.
Key figures
- Eps
- 1.49
- Eps Beat
- 0
- Revenue
- 5340000
- Guidance
- FY26 Adjusted EBITDA $14 million; end FY26 with cash $40 million and net debt $45 million
- Revenue Yoy
- -70.3%
- Ebitda
- 16718000
- Net debt
- 32579000
- Net income
- 11381000
- Adjusted ebitda
- 16880000
- Repurchase amount
- 10000000
- Dividend per share
- 0.05
- Repurchased shares
- 245399
- Land sale gross proceeds
- 26859000
- Cash and cash equivalents
- 52879000
AI analysis
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