Alico reported third-quarter fiscal 2026 revenue rose 7.7% year-over-year to $9.0 million as land-management activities became the primary revenue source following the wind-down of its citrus operations. Land Management and Other Operations revenue surged to $7.9 million from $0.6 million a year earlier, while Alico Citrus revenue fell 85.6% to $1.1 million. The company also announced a new agricultural lease covering approximately 3,280 acres in Hendry County that includes a lessee-held purchase option initially valued at $29.5 million, or $9,000 per acre. Net income improved to $2.1 million from a loss of $18.3 million, and adjusted EBITDA was $4.6 million, with full-year guidance raised to approximately $15 million. Cash stood at $55.6 million and net debt at $29.8 million, extending the company's operating runway through fiscal 2029.
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St Joe CompanyAlico IncRevenue growth, improved net income, raised guidance, and new lease with purchase option.
