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v3.25.1

Segment Information | 6 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | Note 10. Segment Information Segments Total revenues represent sales to unaffiliated customers, as reported in the Condensed Consolidated Statements of Operations. Goods and services produced by these segments are sold to wholesalers and processors in the United States, who prepare the products for consumption. The Company evaluates the segments’ performance based on direct margins (gross profit) from operations before general and administrative expenses, interest expense, other income (expense) and income taxes, not including nonrecurring gains and losses. 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 The entire disclosure for reporting segments including data and tables. 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