ALICO, INC.
For the period ended May 11, 2026. Filed May 11, 2026.
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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 11, 2026 · Filed May 11, 2026
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, | ||
|---|---|---|
| 2026 | 2025 | |
| Net cash used in operating activities | ||
| Net income (loss) | $7,687 | $(120,684) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation, depletion and amortization | 10,628 | 126,261 |
| Amortization of debt issue costs | 87 | 166 |
| Gain on sale of property and equipment | (24,669) | (15,847) |
| Impairment of long-lived assets | — | 24,966 |
| Loss on disposal of long-lived assets | — | 780 |
| Inventory net realizable value adjustment | — | 9,895 |
| Deferred income tax benefit | (980) | (29,073) |
| Stock-based compensation expense | 316 | 364 |
| Other | (24) | (302) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,456) | (9,202) |
| Inventories | 2,740 | 12,942 |
| Prepaid expenses | 376 | 377 |
| Income tax receivable | 338 | 900 |
| Other assets | (2) | (106) |
| Accounts payable and accrued liabilities | (224) | (2,457) |
| Income taxes payable | 597 | — |
| Other liabilities | (223) | 449 |
| Net cash used in operating activities | (4,809) | (571) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (1,207) | (3,481) |
| Net proceeds from sale of property and equipment | 34,829 | 18,874 |
| Notes receivable | — | 570 |
| Advance to Corkscrew Grove Stewardship District | (5,071) | — |
| Net cash provided by investing activities | 28,551 | 15,963 |
| Cash flows from financing activities: | ||
| Repayments on revolving lines of credit | — | (21,200) |
| Borrowings on revolving lines of credit | — | 19,300 |
| Principal payments on term loans | (125) | (705) |
| Purchases of common stock | (8,372) | — |
| Exercise of stock options | 272 | — |
| Dividends paid | (766) | (764) |
| Net cash used in financing activities | (8,991) | (3,369) |
| Net increase in cash and cash equivalents and restricted cash | 14,751 | 12,023 |
| Cash and cash equivalents and restricted cash at beginning of the period | 38,890 | 3,398 |
| Cash and cash equivalents and restricted cash at end of the period | $53,641 | $15,421 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest, net of amounts capitalized | $1,624 | $1,792 |
| Cash (received) paid for income taxes, net of refunds | $(349) | $(900) |
| Non-cash investing and financing activities: | ||
| Assets received in exchange for services | $348 | $— |
| Dividends declared but unpaid | $383 | $382 |
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