Maui Land & Pineapple FY26 first-half net loss narrows to $3.69 million; revenue drops 31.8% to $7.1 million
MLP•First-half results
Maui Land & Pineapple posted a GAAP net loss of $3.69 million, narrowing from $9.64 million a year earlier.
GAAP revenue fell 31.8% to $7.1 million, reflecting a drop in land development and sales to $492,000.
Adjusted EBITDA and outlook
Non-GAAP adjusted EBITDA swung to a loss of $1.11 million from a profit of $869,000.
CEO Race Randle highlighted progress on water-asset sale talks.
Leasing revenue and expenses
Commercial real estate leasing revenue was $3.92 million; occupancy held at 93%.
Land leasing and management revenue rose to $2.69 million; segment expenses climbed to $3.11 million on maintenance work.
