Segment Information

12 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Segment Information

Note 11. Segment Information

Segments

Our Chief Executive Officer, who is also our chief operating decision maker (“CODM”), assesses performance and allocates resources based on the operating performance of two reportable segments: Alico Citrus and Land Management and Other Operations. The operating segments represent the primary components that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available and which is regularly provided to the Company’s CODM. In identifying our reportable segments, the Company also considered the nature of services provided by our operating segments, economic characteristics in which the segments operate and other relevant factors.

Total revenues represent sales to unaffiliated customers, as reported in the 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's CODM evaluates the segments’ performance based on Revenues and Gross profit (loss) from operations.

Information by reportable segment is as follows:

(in thousands)	Years Ended September 30,
	2025		2024
Revenues:
Alico Citrus	$	41,337	$	45,059
Land Management and Other Operations	2,729		1,584
Total operating revenues	$	44,066	$	46,643
Segment expenses:
Alico Citrus
Cost of Sales	245,123		89,420
Harvesting and Hauling	10,743		11,843
Fresh Fruit and other	(20,193)		(228)
Grove Management Services	168		1,593
Total Alico Citrus operating expenses	$	235,841	$	102,628
Land Management and Other Operations
Land and other leasing	414		393
Other	5		5
Total Land Management and Other Operations operating expenses	419		398
Total operating expenses	$	236,260	$	103,026
Gross segment (loss) profit
Alico Citrus	$	(194,504)	$	(57,569)
Land Management and Other Operations	2,310		1,186
Total gross loss	$	(192,194)	$	(56,383)
Capital expenditures:
Alico Citrus	$	2,910	$	17,871
Land Management and Other Operations	2,594		—
Total capital expenditures	$	5,504	$	17,871
Depreciation, depletion and amortization:
Alico Citrus	$	175,854	$	14,742
Land Management and Other Operations	84		58
Other Corporate Assets	701		210
Total depreciation, depletion and amortization	$	176,639	$	15,010
Assets:
Alico Citrus	$	173,573	$	383,777
Land Management and Other Operations	26,263		13,134
Other Corporate Assets	1,691		1,808
Total Assets	$	201,527	$	398,719

The reconciliations of segment gross (loss) to consolidated (loss) income before income taxes are as follows:

	Years Ended September 30,
	2025		2024
Alico Citrus	$	(194,504)	$	(57,569)
Land Management and Other Operations	2,310		1,186
Segment gross loss	(192,194)		(56,383)
General and administrative expenses	11,707		11,071
Loss from operations	(203,901)		(67,454)
Other income (expense), net:
Interest income	793		385
Interest expense	(4,848)		(3,538)
Gain on sale of property and equipment	21,769		81,559
Other income, net	256		—
Total other income, net	17,970		78,406
(Loss) income before income taxes	$	(185,931)	$	10,952