ALICO, INC.
For the period ended May 13, 2025. Filed May 13, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
May 13, 2025 · Filed May 13, 2025
ALCO$37.09-0.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands)
(in thousands)
| Six Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net cash used in operating activities | ||
| Net (loss) income | $(120,684) | $26,423 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation, depletion and amortization | 126,261 | 7,602 |
| Amortization of debt issue costs | 166 | 149 |
| Gain on sale of property and equipment | (15,847) | (77,029) |
| Impairment of long-lived assets | 24,966 | — |
| Loss on disposal of long-lived assets | 780 | 938 |
| Inventory net realizable value adjustment | 9,895 | 28,549 |
| Deferred income tax (benefit) provision | (29,073) | 470 |
| Stock-based compensation expense | 364 | 369 |
| Other | (302) | 68 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (9,202) | (8,661) |
| Inventories | 12,942 | (5,912) |
| Prepaid expenses | 377 | (13) |
| Income tax receivable | 900 | 1,200 |
| Other assets | (106) | 99 |
| Accounts payable and accrued liabilities | (2,457) | (1,647) |
| Income taxes payable | — | 8,021 |
| Other liabilities | 449 | (367) |
| Net cash used in operating activities | (571) | (19,741) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (3,481) | (11,520) |
| Net proceeds from sale of property and equipment | 18,874 | 79,132 |
| Notes receivable | 570 | — |
| Change in deposits on purchase of citrus trees | — | (375) |
| Net cash provided by investing activities | 15,963 | 67,237 |
| Cash flows from financing activities: | ||
| Repayments on revolving lines of credit | (21,200) | (44,032) |
| Borrowings on revolving lines of credit | 19,300 | 19,310 |
| Principal payments on term loans | (705) | (19,737) |
| Dividends paid | (764) | (763) |
| Net cash used in financing activities | (3,369) | (45,222) |
| Net increase in cash and cash equivalents and restricted cash | 12,023 | 2,274 |
| Cash and cash equivalents and restricted cash at beginning of the period | 3,398 | 3,692 |
| Cash and cash equivalents and restricted cash at end of the period | $15,421 | $5,966 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest, net of amounts capitalized | $1,792 | $2,752 |
| Cash (received) paid for income taxes, net of refunds | $(900) | $890 |
| Non-cash investing and financing activities: | ||
| Dividends declared but unpaid | $382 | $381 |
| Assets received in exchange for services | $— | $85 |
| Trees delivered in exchange for prior tree deposits | $— | $282 |
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