ALICO (ALCO) Company Report

Alico successfully completed its strategic pivot from a traditional citrus producer to a diversified land company in fiscal year 2025, concluding its final major citrus harvest and de-risking its business model.
For fiscal year 2025, the company exceeded its adjusted EBITDA guidance, achieving $22.5 million (target $20 million), and generated $23.8 million in land sales, surpassing its $20 million guidance.
Alico significantly strengthened its balance sheet, ending fiscal year 2025 with $38.1 million in cash and reducing net debt to $47.4 million, providing financial flexibility to fund operations through fiscal year 2027.
The company's four near-term real estate development projects, totaling 5,500 acres, are estimated to have a present value of between $335 million and $380 million to be realized within the next five years, with a final decision for Corkscrew Grove Villages expected in 2026.
Management's NPV analysis values Alico's 49,000-acre land portfolio between $650 million and $750 million, significantly above its current market capitalization of approximately $240 million, and the company remains committed to shareholder returns through dividends and an authorized $50 million buyback program.

Nov 25, 2025, 1:30 PM

Alico Reports Q4 and Full Fiscal Year 2025 Results, Highlights Strategic Transformation

ALCO

Earnings

Guidance Update

New Projects/Investments

Alico successfully completed its strategic pivot from a traditional citrus producer to a diversified land company in fiscal year 2025, concluding its final major citrus harvest.
For fiscal year 2025, the company exceeded financial guidance, achieving adjusted EBITDA of $22.5 million and land sales of $23.8 million.
The balance sheet was significantly strengthened, ending FY 2025 with $38.1 million in cash and reducing net debt to $47.4 million, providing liquidity to fund operations through Fiscal Year 2027.
Alico's four near-term real estate development projects, totaling approximately 5,500 acres, have an estimated present value between $335 million and $380 million to be realized within the next five years, with Corkscrew Grove Villages expecting final decisions in 2026.
Management's NPV analysis values the company's approximately 49,000 acres between $650 million and $750 million, contrasting with its current market capitalization of approximately $240 million.

Nov 25, 2025, 1:30 PM

Alico reports Q4 and FY 2025 results, completes strategic transformation

ALCO

Earnings

Guidance Update

New Projects/Investments

Alico successfully completed its strategic pivot from a traditional citrus producer to a diversified land company in fiscal year 2025, concluding its capital-intensive citrus production operations.
The company exceeded its financial guidance for fiscal year 2025, achieving $22.5 million in adjusted EBITDA, surpassing its $20 million target, and generating $23.8 million in land sales, also exceeding its $20 million guidance.
Alico significantly strengthened its balance sheet, ending fiscal year 2025 with $38.1 million in cash and reducing net debt to $47.4 million, a $41.6 million improvement year-over-year.
The company's four near-term real estate development projects, totaling approximately 5,500 acres, maintain an estimated present value of between $335 million and $380 million to be realized within the next five years, with Corkscrew Grove Villages expecting a final decision from Collier County in 2026.
Management's NPV analysis indicates a market value of assets between $650 million and $750 million for its approximately 49,000 acres, and the company remains committed to returning capital to shareholders through its dividend legacy and a $50 million buyback program.

Nov 25, 2025, 1:30 PM

ALICO, INC. Refinances Debt and Amends MetLife Credit Agreement

ALCO

Debt Issuance

On September 29, 2025, ALICO, INC. completed a refinancing transaction, repaying $10 million in outstanding borrowings under the Prudential Credit Agreement, which was subsequently terminated.
In connection with this, the Company entered into an Eighth Amendment to its MetLife Credit Agreement, incurring $10 million of additional indebtedness with a maturity date of May 1, 2034.
The MetLife Amendment also modified the loan-to-value ratio covenant to require the LTV Ratio to be less than 50%.