Maui Land & Pineapple Company, Inc. Reports Fiscal First Quarter 2026 Results
Maui Land & Pineapple reported Q1 2026 revenue of $3.4 million, down 41% year-over-year, driven by the suspension of the Honokeana Homes project by the State of Hawaii. The company posted a net loss of $2.1 million, a significant improvement from the $8.6 million loss in the prior year, largely due to a $6.9 million reduction in pension and post-retirement expenses. Adjusted EBITDA turned negative at $-0.9 million, compared to $0.2 million in the prior year, reflecting increased land management costs and lower development activity.
Key figures
- Revenue
- 3405000
- Revenue Yoy
- -41%
- Total assets
- 47872000
- Total liabilities
- 15821000
- Land in negotiation
- 15000000
- Stockholders equity
- 32051000
- Cash and equivalents
- 3845000
- Commercial occupancy
- 93%
- Land listed for sale
- 12000000
- Land sales in escrow
- 11200000
- Line of credit drawn
- 6500000
- Agave investment to date
- 2000000
AI analysis
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