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Mar 31, 2025
Alico Q2 2025 Earnings Report
Announced Financial Results for the Second Quarter Ended March 31, 2025
Key Takeaways
Alico, Inc. reported a significant net loss in Q2 2025 primarily due to accelerated depreciation and impairment charges related to the wind down of citrus operations as part of its strategic transformation. While revenue was largely flat year-over-year, the company highlighted progress on its land development strategy, increased land sale expectations for fiscal year 2025, and a strong liquidity position.
Reported a net loss of $111.4 million for the second quarter, primarily driven by $119.3 million in accelerated depreciation and impairment charges on citrus assets.
Revenue for the second quarter was $18.0 million, a slight decrease of 0.7% compared to the prior year period.
Increased the fiscal year 2025 land sales outlook to potentially exceed $50 million, up significantly from the previously announced $20 million estimate.
Maintained a robust liquidity position with $14.7 million in cash and cash equivalents and $88.5 million in available credit facilities as of March 31, 2025.
Revenue by Segment
Forward Guidance
For fiscal year 2025, Alico expects to generate approximately $20 million in Adjusted EBITDA and anticipates ending the year with approximately $25 million in cash and $60 million in net debt. The company projects land sales could potentially exceed $50 million.
Positive Outlook
- Potential for land sales to exceed $50 million in fiscal year 2025.
- Expected Adjusted EBITDA of approximately $20 million for fiscal year 2025.
- Projected cash balance of approximately $25 million at the end of fiscal year 2025.
- Expected net debt of approximately $60 million at the end of fiscal year 2025.
- Anticipates enough cash to meet operating expenses through fiscal year 2027.
Challenges Ahead
- Recognition that each pending land transaction has challenges and no certainty regarding timing until closing.
- Continued challenges facing the citrus industry reinforcing the decision to wind down operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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