In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to interim reports on Form 10-Q, the Company must determine if its equity method investees are considered “significant subsidiaries.” In evaluating its investments, there are two tests utilized to determine if equity method investees are considered significant subsidiaries: the income test and the investment test. Summarized income statement information of an equity method investee is required in an interim report if either of the two tests exceed 20% in the interim periods presented. During the year-to-date interim period for the three months ended January 31, 2026, this threshold was not met for any equity investments. The threshold was met for LLCB during the year-to-date interim period for the three months ended January 31, 2025, and thus summarized income statement information for LLCB is presented in this Quarterly Report on Form 10-Q. The full audited financial statements of LLCB for the years ended October 31, 2025, 2024 and 2023 were provided as exhibits to the Annual Report on Form 10-K for the fiscal year ended October 31, 2025.


	Three Months Ended January 31,
	2026		2025
Revenues	$	991	$	80
Cost of land sold	(901)		(73)
Operating (expenses) income	(52)		547
Net income	$	38	$	554
Net income attributable to Limoneira Company	$	38	$	—

	January 31, 2026		October 31, 2025
Cash and cash equivalents	$	27,610	$	31,227