secwatch.observer — SEC 8-K summary
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Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001437749-25-035220
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774925035220/0001437749-25-035220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774925035220/mlp20251104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-035220

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer