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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Schedule of disaggregation of revenue
(in thousands)Three Months Ended
March 31,
Six Months Ended
March 31,
2025202420252024
Revenue recognized at a point-in-time$17,143 $16,974 $32,698 $29,959 
Revenue recognized over time837 1,139 2,176 2,139 
Total$17,980 $18,113 $34,874 $32,098 
Revenues disaggregated by significant products and services for the three and six months ended March 31, 2025 and 2024 are as follows:
(in thousands)Three Months Ended
March 31,
Six Months Ended
March 31,
2025202420252024
Alico Citrus
Early and Mid-Season$648 $2,139 $15,577 $14,534 
Valencias16,293 14,732 16,293 14,732 
Fresh Fruit and Other202 103 828 693 
Grove Management Services110 788 881 1,395 
Total$17,253 $17,762 $33,579 $31,354 
Land Management and Other Operations
Land and Other Leasing$674 $278 $1,153 $592 
Other53 73 142 152 
Total$727 $351 $1,295 $744 
Total Revenues$17,980 $18,113 $34,874 $32,098 
Schedule of Cash and Cash Equivalents
Restricted Cash

(in thousands)March 31,
2025
September 30,
2024
Cash and cash equivalents$14,659 $3,150 
Restricted cash (a)
762 248 
Cash and cash equivalents and restricted cash$15,421 $3,398 
a.    Restricted cash represents Cash-Secured Irrevocable Standby Letters of Credit of $762 to secure certain contractual obligations at March 31, 2025 and Cash-Secured Irrevocable Standby Letters of Credit of $248 to secure certain contractual obligations at September 30, 2024.
Restrictions on Cash and Cash Equivalents
Restricted Cash

(in thousands)March 31,
2025
September 30,
2024
Cash and cash equivalents$14,659 $3,150 
Restricted cash (a)
762 248 
Cash and cash equivalents and restricted cash$15,421 $3,398 
a.    Restricted cash represents Cash-Secured Irrevocable Standby Letters of Credit of $762 to secure certain contractual obligations at March 31, 2025 and Cash-Secured Irrevocable Standby Letters of Credit of $248 to secure certain contractual obligations at September 30, 2024.
Schedule of Short-Term Debt The carrying amounts and estimated fair values (Level 2) of debt instruments are as follows:
(in thousands)March 31, 2025September 30, 2024
Carrying AmountEstimated Fair ValueCarrying AmountEstimated Fair Value
Corporate debt
Current portion of long-term debt$1,410 $1,403 $1,410 $1,420 
Long-term debt$88,536 $83,713 $91,141 $86,987 
Schedule of Weighted Average Number of Shares
The following table presents a reconciliation of basic to diluted weighted average common shares outstanding for the three and six months ended March 31, 2025 and 2024:
(in thousands)Three Months Ended March 31,Six Months Ended March 31,
2025202420252024
Weighted Average Common Shares Outstanding – Basic7,637 7,620 7,635 7,618 
Effect of dilutive securities – stock options and unrestricted stock— — — — 
Weighted Average Common Shares Outstanding – Diluted7,637 7,620 7,635 7,618 
Schedule of Revenue by Major Customers by Reporting Segments
Accounts receivable from the Company’s major customer as of March 31, 2025 and September 30, 2024, and revenue from such customer for the six months ended March 31, 2025 and 2024, are as follows:

(in thousands)Accounts ReceivableRevenue% of Total Revenue
March 31,September 30,Six Months Ended
March 31,
Six Months Ended
March 31,
202520242025202420252024
Tropicana$8,263 $— $31,263 $28,857 89.6 %89.9 %