AI Earnings Predictions for Alico Inc. (ALCO)

EX-99.1

2 alco-3q2026xexx991xer.htm

EX-99.1

Document

Exhibit 99.1

Alico, Inc. Announces Financial Results for the

Third Quarter Ended June 30, 2026

Company Entered Agricultural Lease Agreement for Approximately 3,280 Acres, Including a Purchase Option for $29.5 million, Extending Alico’s Land Monetization Strategy Beyond Outright Sales

Corkscrew Grove East Village Advances to State and Federal Permitting Process Following April 2026 Local Entitlement Approval

Company Completes $10.0 million of the Share Repurchase Program, Repurchasing Approximately 245,000 Shares, While Continuing to Strengthen Cash Position

Recently Strengthened Liquidity Position Extends Operating Runway Through 2029, Without Requiring Any Additional Asset Sales

Company Raises Fiscal Year 2026 Guidance Projecting Adjusted EBITDA of approximately $15 Million, Cash of Approximately $48 million and Net Debt of Approximately $37 million

Fort Myers, FL, August 10, 2026 - Alico, Inc. (“Alico”, the “Company”, “we”, “us” or “our”) (Nasdaq: ALCO) today announced financial results for the third quarter ended June 30, 2026.

Management Comments

John Kiernan, President and Chief Executive Officer of the Company, stated, “Our third quarter results reflect the continued, steady execution of our Strategic Transformation. For example, the additional agricultural lease we recently signed for approximately 3,280 acres, structured with a purchase option, reflects how our land monetization strategy allows us to generate recurring lease income while preserving the optionality to realize additional value from the property over time, and we believe it reflects the discipline and flexibility that has defined our transformation to date. Corkscrew Grove East Village received local entitlement approval in April and is now advancing through the state and federal permitting process."

Mr. Kiernan continued, “We continue to review our operating cost structure to improve our cash flow, and this year we are executing a number of initiatives to reduce overhead, including a new office lease that we expect will begin delivering additional savings starting in the second quarter of next fiscal year. We recognize this remains a multi-year transformation, and we believe the markers of progress we are reporting this quarter — on our balance sheet, in our leasing program, and in our development entitlements — demonstrate that we remain on track to unlock the substantial value we believe exists within our approximately 47,300-acre Florida portfolio, while maintaining our commitment to responsible land stewardship. With cash and cash equivalents of $55.6 million at quarter-end, we believe we've extended our financial runway through fiscal year 2029, without requiring any

additional asset sales, giving us the flexibility to advance our development pipeline on our own timeline."

Results of Operations for the Third Quarter 2026:

(in thousands, except for per share amounts and percentages)

(Unaudited)(Unaudited)

Three Months Ended June 30,Nine Months Ended June 30,

20262025% Change20262025% Change

Revenue$9,040 $8,390 7.7 %$16,267 $43,264 (62.4)%

Net income (loss) attributable to Alico, Inc. common stockholders$2,125 $(18,289)111.6 %$10,025 $(138,841)107.2 %

Gain (loss) per diluted common share$0.29 $(2.39)112.1 %$1.32 $(18.18)107.3 %

EBITDA (1)

$4,601 $19,204 (76.0)%$23,731 $(2,210)1,173.8 %

Adjusted EBITDA (1) $4,601 $19,273 (76.1)%$24,202 $25,330 (4.5)%

Net cash provided by operating activities$7,141 $7,026 1.6 %$2,332 $22,841 (89.8)%

June 30, 2026September 30, 2025$ ChangeJune 30, 2026September 30, 2025

(Unaudited)

(Unaudited)

Balance Sheet Items

Cash and cash equivalents$55,584 $38,128 $17,456 Current ratio 7.96 to 1

9.56 to 1

Current portion of long-term debt$250 $250 $—

Net Debt (1) $29,834 $47,419

Long-term debt, net$82,668 $82,797 $(129)

Lines of credit$2,500 $2,500 $—

Total Alico stockholders’ equity$104,829 $103,032 $1,797

(1) “EBITDA,” “Adjusted EBITDA” and “Net Debt” are non-GAAP financial measures. See “Non-GAAP Financial Measures” at the end of this earnings release for details regarding these measures, including reconciliations of the Non-GAAP Financial Measures to their most directly comparable GAAP measures.

For the three months ended June 30, 2026 and 2025, the Company reported net income (loss) attributable to Alico common stockholders of $2.1 million and $(18.3) million, respectively. The shift from a net loss to net income attributable to Alico common stockholders for the three months ended June 30, 2026 was principally the result of the Company's Strategic Transformation, including the resulting acceleration of depreciation on its citrus trees during the three months ended June 30, 2025 and increased lease income as a result of the Company's share of crop insurance payments received by one of its lessees during the three months ended June 30, 2026. For the three months ended June 30, 2026, the Company had earnings of $0.29 pe

EX-99.1

2 alco-2q2026xexx991xer.htm

EX-99.1

Document

Exhibit 99.1

Alico, Inc. Announces Financial Results for the

Second Quarter Ended March 31, 2026

Company Closed $26.9 million Land Sale in Second Quarter; Total Land Sales Reach $34.6 million Year-to-Date

Company Repurchased 245,399 Shares for $10.0 million, Through April 2026

Cash and Cash Equivalents of $52.9 million at March 31, 2026, Extending Cash Runway Another Year Through Fiscal Year 2028

Collier County Local Entitlement Approvals Secured in April 2026; Federal and State Entitlements Progressing as Expected for Corkscrew Grove Villages

Fort Myers, FL, May 11, 2026 - Alico, Inc. (“Alico”, the “Company”, “we”, “us” or “our”) (Nasdaq: ALCO) today announced financial results for the second quarter ended March 31, 2026.

Management Comments

John Kiernan, President and Chief Executive Officer of the Company, stated, “We believe our second quarter results, including net income attributable to Alico, Inc. common stockholders of $11.4 million and Adjusted EBITDA of $16.9 million demonstrate the continued execution of our Strategic Transformation and our commitment to delivering on our stated goals. The $26.9 million land sale for 2,950 acres of citrus grove that we closed in January, combined with the $10.0 million of common shares that were repurchased through our stock repurchase program, reflect our balanced approach to capital allocation and value creation. We're particularly pleased that our strengthened cash position extends our expected financial runway through fiscal year 2028, providing the liquidity, stability and flexibility to advance our long-term real estate development initiatives.”

Mr. Kiernan continued, “The Collier County entitlement approvals in April represent a significant regulatory milestone for Corkscrew Grove East Villages. With local approvals now secured, we're focused on the remaining federal and state permitting processes. Our diversified land utilization strategy continues to perform as intended, with approximately 97% of our farmable acreage generating revenue through agricultural partnerships. We believe this combination of near-term cash generation and long-term development optionality positions Alico to pursue substantial value creation from our approximately 46,000-acre Florida portfolio while maintaining our commitment to responsible land stewardship and conservation. We believe our track record of consistent execution, financial discipline, and strategic progress validates the business model we've built."

Another important milestone for Alico this quarter was the election of a new member of our Board of Directors. Eric Speron has proven expertise in real estate and finance. Mr. Speron has worked at First Foundation, a financial services firm, and currently serves as its Managing Director of Equities. Previously, Mr. Speron was a member of J.P. Morgan’s Institutional Equity division. He has served on the board of directors of Keweenaw Land Association, Limited (OTCMKTS:KEWL) since May 2021

and on the board of Tejon Ranch Company (NYSE:TRC) since November 2024. Mr. Speron was also a director for Tandy Leather Factory, Inc. (NYSE:TLF) from April 2023 to January 2025 and for Vidler Water Company, Inc. from January 2016 through May 2022. Mr. Speron received his B.A. in Government and History from Georgetown University and is a Chartered Financial Analyst.

Results of Operations for the Second Quarter 2026:

(in thousands, except for per share amounts and percentages)

(Unaudited)(Unaudited)

Three Months Ended March 31,Six Months Ended March 31,

20262025% Change20262025% Change

Revenue$5,340 $17,980 (70.3)%$7,227 $34,874 (79.3)%

Net income (loss) attributable to Alico, Inc. common stockholders$11,381 $(111,385)110.2 %$7,900 $(120,552)106.6 %

Gain (loss) per diluted common share$1.49 $(14.58)110.2 %$1.03 $(15.79)106.5 %

EBITDA (1)

$16,718 $(14,742)213.4 %$19,130 $(21,414)189.3 %

Adjusted EBITDA (1) $16,880 $12,729 32.6 %$19,601 $6,057 223.6 %

Net cash provided by (used in) operating activities$660 $7,026 (90.6)%$(4,809)$(571)(742.2)%

March 31, 2026September 30, 2025$ ChangeMarch 31, 2026September 30, 2025

(Unaudited)

(Unaudited)

Balance Sheet Items

Cash and cash equivalents$52,879 $38,128 $14,751 Current ratio 9.63 to 1

9.56 to 1

Current portion of long-term debt$250 $250 $—

Net Debt (1) $32,579 $47,419

Long-term debt, net$82,708 $82,797 $(89)

Lines of credit$2,500 $2,500 $—

Total Alico stockholders’ equity$102,382 $103,032 $(650)

(1) “EBITDA,” “Adjusted EBITDA” and “Net Debt” are non-GAAP financial measures. See “Non-GAAP Financial Measures” at the end of this earnings release for details regarding these measures, including reconciliations of the Non-GAAP Financial Measures to their most directly comparable GAAP measures.

For the three months ended March 31, 2026 and 2025, the Company reported net income (loss) attributable to Alico common stockholders of $11.4 million and $(111.4) million, re

alco-20260204false000000354500000035452025-08-122025-08-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): February 4, 2026

ALICO, INC.

(Exact name of registrant as specified in its charter)

Florida0-26159-0906081 (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

10070 Daniels Interstate Court, Suite 200, Fort Myers, FL 33913

(Address of principal executive offices)(Zip Code) 239-226-2000

(Registrant’s telephone number, including area code) Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. 230.425) ☐Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14D-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockALCONasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On February 4, 2026, Alico, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (the “Report”).

The information contained in Item 2.02 of this Report (including Exhibit 99.1 attached hereto) and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly provided by specific reference in such a filing.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.Description

99.1Press Release of the Company, dated February 4, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 4, 2026

ALICO, INC.

By:/s/ Bradley Heine

Bradley Heine Chief Financial Officer