Limoneira Company reported its financial results for the third quarter ended July 31, 2025. The company's total net revenues for the first nine months of fiscal year 2025 were $116.9 million, a decrease from $147.6 million during the same period in fiscal year 2024. This decline was primarily attributed to reduced agribusiness revenues from lemons, avocados, and farm management, partially offset by an increase in revenue from oranges. The company experienced an operating loss of $9.3 million for the first nine months of fiscal year 2025, compared to an operating loss of $3.4 million in the same period the previous year. Additionally, there was a net loss applicable to common stock of $7.7 million, contrasting with a net income of $9.2 million in the prior year. For the third quarter of fiscal year 2025, Limoneira reported a net loss applicable to common stock of $1.0 million, compared to a net income of $6.5 million in the third quarter of fiscal year 2024. The non-GAAP adjusted EBITDA for the same quarter in 2025 was $3.0 million, significantly lower than the $13.8 million recorded in the previous year. Looking ahead, Limoneira is on track to merge its citrus sales and marketing operations into Sunkist Growers, anticipating $5 million in annual selling and marketing cost savings and EBITDA improvement beginning in fiscal year 2026. The company also reiterated its volume guidance for avocados and lemons for fiscal year 2025 and is exploring the provision of housing on the Limco Del Mar Ranch to address housing needs in Ventura County.