Reported 2 days ago
Alico, Inc. has successfully completed its final major citrus harvest and is now shifting its focus towards becoming a diversified land management company. With land sales exceeding targets by $3.5 million in fiscal year 2025, the company is redirecting resources towards land development and alternative agricultural projects. Although citrus revenue has seen a decline of 41%, Alico maintains its EBIDTA guidance of $20 million for fiscal 2025, signaling positive long-term potential for investors.
Source: YAHOO