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.)