Alico, Inc. has announced its financial results for the second quarter ended March 31, 2025. The company reported a revenue of $17.980 million, representing a slight decrease of 0.7% compared to the $18.113 million reported in the same period last year. For the six months ended March 31, 2025, revenue increased to $34.874 million, an 8.6% rise from the $32.098 million in the previous year. The company reported a significant net loss attributable to common stockholders of $111.385 million for the three months ended March 31, 2025, compared to a net loss of $15.804 million in the same period of 2024. This increase in net loss was primarily due to $119.3 million in accelerated depreciation on citrus trees as part of Alico's strategic transformation and winding down of its Citrus Operations, along with the impairment of assets. However, land and equipment sales contributed a gain of $15.8 million for the quarter, partially offsetting these losses. Alico has raised its land sales outlook, projecting that land sales could potentially exceed $50 million for the fiscal year 2025. The company's strategic transformation aims to diversify its operations, concluding the majority of its capital investment in citrus operations following the 2025 harvest. Alico maintains a strong liquidity position with $14.7 million in cash and cash equivalents and $88.5 million in available credit facilities, with no significant debt maturities until 2029.