Alico posts Q1 net loss of $9.2M; initiates wind-down of citrus operations

ALICO, INC.

2025-Q1 EPS reported -$1.20 revenue$16,894,000

Revenue $16.9M (+20.8% YoY) but net loss of $(9.2M) vs prior-year net income of $42.9M.
Loss per diluted share $(1.20); Adjusted EBITDA $0.7M vs $(2.3M) prior year.
Company plans to exit citrus operations after current crop harvest in 2025, transitioning to diversified land company.
Expects ~$20M in land sale proceeds in FY2025; $73.5M in unused credit facilities available.
No significant debt maturities until 2029; citrus production challenges continue.

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