---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-035220"
form_type: "8-K"
ticker: "MLP"
cik: "0000063330"
company_name: "MAUI LAND & PINEAPPLE CO INC"
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T20:00:10.605256+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Maui Land & Pineapple Q3 FY2025: recurring leasing revenue up 39% YoY; net loss widens on $6.9M pension termination

## Summary
- Recurring leasing revenue increased 39% year-to-date vs 2024; 59% vs 2023; new tenants added across Maui.
- Adjusted EBITDA turned positive at $1.6M YTD 2025 vs ($0.1M) in 2024, a $1.7M improvement.
- Operating revenues $14.9M (+83% YoY) driven by $3.4M cost reimbursements from State relief housing project (paused).
- GAAP net loss $9.4M ($0.48/share) vs $5.5M loss in 2024; $6.6M non-cash pension termination expense included.
- Cash and investments convertible to cash $5.0M at Sept 30, down $4.5M from Dec 2024 due to pension funding and development spend.

## SEC filing metadata
- accession: 0001437749-25-035220
- form_type: 8-K
- ticker: MLP
- cik: 0000063330
- company_name: MAUI LAND & PINEAPPLE CO INC
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63330/000143774925035220/0001437749-25-035220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63330/000143774925035220/mlp20251104_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-035220
- JSON: https://secwatch.observer/filing/0001437749-25-035220.json
- Plain text: https://secwatch.observer/filing/0001437749-25-035220.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.