Segment Information

3 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Information

Note 10. Segment Information

Segments

Our Chief Executive Officer, who is also our 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 operating segment is as follows:

(in thousands)	Three Months Ended December 31,
	2025		2024
Revenues:
Alico Citrus	$	883	$	16,326
Land Management and Other Operations	1,004		568
Total operating revenues	$	1,887	$	16,894
Segment expenses:
Alico Citrus
Cost of Sales	$	7,239	$	20,508
Harvesting and Hauling	153		4,095
Fresh Fruit and other	—		50
Grove Management Services	—		458
Total Alico Citrus operating expenses	$	7,392	$	25,111
Land Management and Other Operations
Land and other leasing	$	49	$	17
Other	—		4
Total Land Management and Other Operations	$	49	$	21
Total operating expenses	$	7,441	$	25,132
Gross segment (loss) profit
Alico Citrus	$	(6,509)	$	(8,785)
Land Management and Other Operations	955		547
Total gross loss	$	(5,554)	$	(8,238)
Depreciation, depletion and amortization:
Alico Citrus	$	5,870	$	3,761
Land Management and Other Operations	28		22
Other Corporate Assets	15		41
Total depreciation, depletion and amortization	$	5,913	$	3,824

(in thousands)	December 31, 2025		September 30, 2025
Assets:
Alico Citrus	$	97,763	$	173,573
Land Management and Other Operations	95,665		26,263
Other Corporate Assets	1,534		1,691
Total Assets	$	194,962	$	201,527

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

(in thousands)	Three Months Ended December 31,
	2025		2024
Alico Citrus	$	(6,509)	$	(8,785)
Land Management and Other Operations	955		547
Segment gross loss	(5,554)		(8,238)
General and administrative expenses	3,001		2,586
Loss from operations	(8,555)		(10,824)
Other income (expense), net:
Interest income	387		47
Interest expense	(965)		(898)
Gain on sale of property and equipment	4,940		—
Other income, net	—		244
Total other income (expense), net	4,362		(607)
Loss before income taxes	$	(4,193)	$	(11,431)