Alico (NASDAQ:ALCO) reported second-quarter fiscal 2026 net income of $11.4 million, or $1.49 per diluted share, as the Florida land and agribusiness company continued to shift away from citrus production and toward land monetization, leasing and development initiatives.
President and Chief Executive Officer John Kiernan said the quarter showed “continued execution” of the company’s strategy, pointing to a major land sale, share repurchases, progress on development entitlements and expanded agricultural leasing. Alico ended the quarter with $52.9 million in cash, which Kiernan said extends the company’s financial runway through fiscal 2028.
