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v3.25.1

Segment Information (Tables) | 6 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of information by business segment | Information by operating segment is as follows:
(in thousands) | Three Months Ended March 31, |  | Six Months Ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenues: |  |  |  |  |  |  |
Alico Citrus | $ | 17,253 |  |  | $ | 17,762 |  |  | $ | 33,579 |  |  | $ | 31,354 |
Land Management and Other Operations | 727 |  |  | 351 |  |  | 1,295 |  |  | 744 |
Total operating revenues | $ | 17,980 |  |  | $ | 18,113 |  |  | 34,874 |  |  | 32,098 |
Operating expenses: |  |  |  |  |  |  |
Alico Citrus | $ | 167,607 |  |  | $ | 36,142 |  |  | 192,718 |  |  | 64,249 |
Land Management and Other Operations | 70 |  |  | 129 |  |  | 91 |  |  | 262 |
Total operating expenses | $ | 167,677 |  |  | $ | 36,271 |  |  | 192,809 |  |  | 64,511 |
Gross (loss) profit: |  |  |  |  |  |  |
Alico Citrus | $ | (150,354) |  |  | $ | (18,380) |  |  | (159,139) |  |  | (32,895) |
Land Management and Other Operations | 657 |  |  | 222 |  |  | 1,204 |  |  | 482 |
Total gross (loss) profit | $ | (149,697) |  |  | $ | (18,158) |  |  | $ | (157,935) |  |  | $ | (32,413) |
Depreciation, depletion and amortization: |  |  |  |  |  |  |
Alico Citrus | $ | 121,941 |  |  | $ | 3,724 |  |  | $ | 125,702 |  |  | $ | 7,451 |
Land Management and Other Operations | 22 |  |  | 17 |  |  | 44 |  |  | 37 |
Other Depreciation, Depletion and Amortization | 474 |  |  | 57 |  |  | 515 |  |  | 114 |
Total depreciation, depletion and amortization | $ | 122,437 |  |  | $ | 3,798 |  |  | $ | 126,261 |  |  | $ | 7,602 |
(in thousands) | March 31, 2025 |  | September 30, 2024
Assets: |  |  |
Alico Citrus | $ | 228,168 |  |  | $ | 383,777 |
Land Management and Other Operations | 13,397 |  |  | 13,134 |
Other Corporate Assets | 1,600 |  |  | 1,808 |
Total Assets | $ | 243,165 |  |  | $ | 398,719 |
The reconciliations of segment gross profit (loss) to consolidated income (loss) before income taxes are as follows:
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Alico Citrus | $ | (150,354) |  |  | $ | (18,380) |  |  | $ | (159,139) |  |  | $ | (32,895) |
Land Management and Other Operations | 657 |  |  | 222 |  |  | 1,204 |  |  | 482 |
Segment gross loss | (149,697) |  |  | (18,158) |  |  | (157,935) |  |  | (32,413) |
General and administrative expenses | 3,388 |  |  | 2,321 |  |  | 5,974 |  |  | 5,593 |
Loss from operations | (153,085) |  |  | (20,479) |  |  | (163,909) |  |  | (38,006) |
Other income (expense), net: |  |  |  |  |  |  |
Interest income | 59 |  |  | 155 |  |  | 106 |  |  | 250 |
Interest expense | (1,159) |  |  | (663) |  |  | (2,057) |  |  | (2,268) |
Gain on sale of property and equipment | 15,847 |  |  | 4 |  |  | 15,847 |  |  | 77,029 |
Other income, net | 11 |  |  | — |  |  | 255 |  |  | — |
Total other income (expense), net | 14,758 |  |  | (504) |  |  | 14,151 |  |  | 75,011 |
(Loss) income before income taxes | $ | (138,327) |  |  | $ | (20,983) |  |  | $ | (149,758) |  |  | $ | 37,005 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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