ALICO, INC. ALCO
Alico was incorporated under the laws of the State of Florida in 1960. Alico is an agribusiness and land management company with a legacy of achievement and innovation in citrus and conservation. We focus on strategic land development opportunities and diversified agricultural operations. At September 30, 2025, we owned approximately 49,537 acres of land in eight Florida counties (Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands and Polk), and approximately 44,700 acres of oil, gas and mineral rights throughout Florida. We hold these oil, gas and mineral rights on substantially all our owned acres, with additional mineral rights on other leased acres. Our principal lines of business are land management and citrus groves. See Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, Recent Developments included in this Annual Report for a discussion of recent land sales activity.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.1M | $46.6M | $39.8M | $91.9M | $108.6M | $92.5M | $122.3M | $81.3M | $129.8M | $144.2M |
| Cost of revenue | — | — | — | $106.7M | $84.7M | $74.6M | $61.9M | $55.7M | $120.9M | $109.1M |
| Gross profit | -$192.2M | -$56.4M | $6.4M | -$14.8M | $23.9M | $17.9M | $60.4M | $25.6M | $8.9M | $35.1M |
| SG&A | $11.7M | $11.1M | $10.6M | $10.1M | $9.5M | $11.0M | $15.1M | $15.1M | $15.0M | $13.2M |
| Operating income | -$203.9M | -$67.5M | -$4.2M | -$24.8M | $14.4M | $6.9M | $45.2M | $10.5M | -$6.1M | $21.8M |
| Interest expense | — | — | — | — | — | — | — | $8.6M | $9.1M | $9.9M |
| Pre-tax income | -$185.9M | $11.0M | $2.5M | $13.0M | $46.4M | $31.4M | $50.2M | $13.2M | -$13.3M | $12.5M |
| Income tax | $38.4M | $4.6M | $801.0K | $1.1M | $11.6M | $7.7M | $12.8M | $390.0K | $3.8M | $5.5M |
| Net income | -$147.3M | $7.0M | $1.8M | $12.5M | $34.9M | $23.7M | $37.8M | $13.1M | -$9.5M | $7.0M |
| EPS, basic | -19.29 | 0.91 | 0.24 | 1.65 | 4.64 | 3.16 | 5.06 | 1.59 | -1.14 | 0.84 |
| EPS, diluted | -19.29 | 0.91 | 0.24 | 1.65 | 4.64 | 3.16 | 5.05 | 1.57 | -1.14 | 0.84 |
| Shares, diluted (wtd. avg.) | 7.6M | 7.6M | 7.6M | 7.6M | 7.5M | 7.5M | 7.5M | 8.3M | 8.3M | 8.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $38.1M | $3.1M | $3.7M | $865.0K | $886.0K | $19.7M | $23.8K | $32.3M | $3.4M | $6.6M |
| Receivables | $1.0M | $771.0K | $712.0K | $324.0K | $6.1M | $4.3M | $713.0K | $2.5M | $4.3M | $4.7M |
| Inventory | $4.2M | $30.1M | $52.5M | $27.7M | $43.4M | $40.9M | $40.1M | $41.0M | $36.2M | $58.5M |
| Total current assets | $54.9M | $40.6M | $58.8M | $31.6M | $54.9M | $51.9M | $62.0M | $71.1M | $66.5M | $71.9M |
| Property, plant and equipment | $142.1M | $352.7M | $361.8M | $372.5M | $373.2M | $350.1M | $345.6M | $340.4M | $349.3M | $379.2M |
| Goodwill | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M |
| Total assets | $201.5M | $398.7M | $428.4M | $409.3M | $433.2M | $423.9M | $417.4M | $423.4M | $419.2M | $455.4M |
| Accounts payable | $403.0K | $3.4M | $6.3M | $3.4M | $7.3M | $3.5M | $4.2M | $3.8M | $3.2M | $6.0M |
| Short-term debt | $250.0K | $1.4M | $2.6M | $3.0M | $4.3M | $9.1M | $5.3M | $5.3M | $4.5M | $4.5M |
| Total current liabilities | $5.7M | $10.7M | $15.1M | $16.5M | $22.3M | $21.2M | $29.0M | $21.5M | $16.0M | $18.7M |
| Long-term debt | $82.8M | $82.3M | $101.4M | $102.9M | — | — | $158.1M | $169.1M | $181.9M | $192.7M |
| Total liabilities | $93.5M | $142.4M | $178.0M | $160.4M | $183.1M | $202.2M | $218.0M | $245.8M | $253.8M | $277.2M |
| Retained earnings | $100.4M | $249.3M | $243.8M | $243.5M | $246.2M | $219.0M | $198.0M | $151.1M | $140.0M | $151.5M |
| Total equity | $103.0M | $251.2M | $250.4M | $248.9M | $250.1M | $224.3M | $201.9M | $177.6M | $165.4M | $178.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $20.1M | -$30.5M | -$6.3M | $6.5M | $16.5M | $1.0M | $48.8M | $18.6M | $27.5M | $30.4M |
| Depreciation and amortisation | $176.6M | $15.0M | $15.5M | $15.2M | $15.1M | $14.3M | $13.6M | $13.8M | $15.2M | $15.4M |
| Stock-based compensation | $735.0K | $719.0K | $935.0K | $1.2M | $1.2M | $1.3M | $824.0K | $2.6M | $1.7M | $924.0K |
| Capital expenditure | $5.5M | $17.9M | $16.7M | $20.7M | $22.3M | $18.8M | $18.1M | $16.4M | $13.4M | $14.3M |
| Investing cash flow | $24.1M | $68.2M | -$4.1M | $22.5M | -$3.3M | $9.5M | -$5.0M | $22.9M | -$9.3M | -$13.0M |
| Financing cash flow | -$8.8M | -$38.0M | $13.2M | -$29.0M | -$32.0M | -$14.7M | -$52.3M | -$12.6M | -$21.4M | -$16.2M |
| Dividends paid | $1.5M | $1.5M | $4.9M | $15.1M | $7.1M | $2.5M | $1.8M | $2.0M | $2.0M | $2.0M |
| Buybacks | — | — | — | — | — | $238.0K | $25.6M | $2.2M | $3.1M | $3.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000003545-25-000140.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $144.2M | $129.8M | $81.3M | $122.3M | $92.5M | $108.6M | $91.9M | $39.8M | $46.6M | $44.1M |
| Gross profit | $35.1M | $8.9M | $25.6M | $60.4M | $17.9M | $23.9M | -$14.8M | $6.4M | -$56.4M | -$192.2M |
| Net income | $7.0M | -$9.5M | $13.1M | $37.8M | $23.7M | $34.9M | $12.5M | $1.8M | $7.0M | -$147.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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