ALICO, INC.
For the period ended Aug 12, 2025. Filed Aug 12, 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.
Aug 12, 2025 · Filed Aug 12, 2025
ALCO$37.09-0.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands)
(in thousands)
| Nine Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Net cash provided by (used in) operating activities | ||
| Net (loss) income | $(139,008) | $24,514 |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | ||
| Depreciation, depletion and amortization | 170,800 | 11,317 |
| Amortization of debt issue costs | 127 | 176 |
| Gain on sale of property and equipment | (21,400) | (81,520) |
| Impairment of long-lived assets | 24,966 | — |
| Loss on disposal of long-lived assets | 780 | 6,213 |
| Inventory net realizable value adjustment | 9,895 | 28,549 |
| Deferred income tax (benefit) provision | (36,869) | 458 |
| Stock-based compensation expense | 559 | 544 |
| Other | (390) | 55 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (839) | (3,800) |
| Inventories | 17,194 | (12,624) |
| Prepaid expenses | — | 76 |
| Income tax receivable | 896 | 1,200 |
| Other assets | 10 | (46) |
| Accounts payable and accrued liabilities | (4,048) | (843) |
| Income taxes payable | — | 7,171 |
| Other liabilities | 168 | (160) |
| Net cash provided by (used in) operating activities | 22,841 | (18,720) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (4,049) | (15,931) |
| Net proceeds from sale of property and equipment | 28,172 | 86,394 |
| Notes receivable | 570 | — |
| Change in deposits on purchase of citrus trees | — | (375) |
| Net cash provided by investing activities | 24,693 | 70,088 |
| Cash flows from financing activities: | ||
| Repayments on revolving lines of credit | (25,194) | (44,032) |
| Borrowings on revolving lines of credit | 19,300 | 19,310 |
| Principal payments on term loans | (1,057) | (20,089) |
| Dividends paid | (1,146) | (1,143) |
| Net cash used in financing activities | (8,097) | (45,954) |
| Net increase in cash and cash equivalents and restricted cash | 39,437 | 5,414 |
| 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 | $42,835 | $9,106 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest, net of amounts capitalized | $2,844 | $3,337 |
| 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 | $— | $377 |
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