Alico, Inc. completed the sale of a 2,950-acre citrus grove in Hendry County for $26.8 million in gross proceeds, marking the largest single transaction in its fiscal 2026 land monetization program. This transaction follows earlier disposals—579 acres sold for $6.1 million and an office/shop facility in Frostproof for $1.7 million—bringing total land sale proceeds to $34.6 million in the current fiscal year. These disposals advance Alico’s shift from traditional citrus operations toward a diversified land company and provide immediate liquidity for strategic development initiatives.

Following lease agreements executed this month, Alico has achieved 97% utilization of its approximately 32,500 farmable acres through a mix of fee-generating and revenue-sharing arrangements with citrus growers, cattle and mining operators, sugarcane producers, and sod farmers. Including non-farmable acreage, 89% of the company’s 46,000 total agricultural acres are now in productive use. This diversified land management approach reduces operational complexity and establishes stable, recurring cash flows ahead of planned real estate development projects.

As of September 30, 2025, Alico’s total debt stood at $85.5 million, down from $92.1 million at fiscal-year end 2024. After accounting for $38.1 million in cash on hand, the company’s net debt position improved to $47.4 million. This deleveraging, combined with robust land sale proceeds and growing leasing revenue, positions Alico with substantial liquidity to fund high-value strategic development opportunities without compromising operational efficiency.

In April 2025, Alico’s board authorized a share repurchase program of up to $50 million, set to expire April 1, 2028, signaling management’s commitment to returning capital as land-sale proceeds continue to flow. With agricultural revenue generation largely in place and development projects progressing on schedule, Alico enters fiscal 2026 with enhanced financial flexibility. The company plans to focus resources on advancing select, high-value land development initiatives across its 49,537-acre Florida portfolio while maintaining responsible stewardship and diversified agricultural operations.