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Alico Posts Results After Last Major Citrus Harvest

Daniel CooperHarvesting

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Alico, Inc. on Aug. 12 announced its financial results for the third quarter ended June 30, following completion of its last major citrus harvest.

John Kiernan, Alico president and chief executive officer, said the harvest marks “a significant milestone in our strategic transformation to become a diversified land company. This harvest concludes the majority of our capital-intensive citrus production operations, allowing us to focus our resources on our long-term land development and diversified usage strategy.”

Learn more here about Alico’s January announcement to cease citrus operations after the 2024–25 season harvest.

LESS FRUIT

For the three and nine months ended June 30, Alico Citrus harvested approximately 2.1 million and 10.8 million pound solids of oranges, respectively. Those numbers are down from 4.3 million and 14.7 million pound solids in the same periods of the prior fiscal year. Alico stated that the decrease in pound solids harvested was driven by fruit drop caused by Hurricane Milton, which hit Florida in October of 2024.

BETTER PRICE

The company reported that its blended price per pound solids for the three months and nine months ended June 30 increased 81 cents and 85 cents, respectively, compared to the same periods of the prior year. The three-month price for Valencia oranges was $3.65 in 2025 and the nine-month price was $3.64. The company didn’t report three-month prices for early- and mid-season oranges but reported a nine-month price of $3.69 in 2025.

The increased price per pound solids in 2025 was a result of more favorable pricing in one of Alico’s then-existing contracts with Tropicana.

Alico is a Florida-based agribusiness and land management company. Following its strategic transformation this year, Alico operates as a diversified land company with approximately 51,300 acres across eight Florida counties.

Source: Alico

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