v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
(in thousands)Three Months Ended
March 31,		Six Months Ended
March 31,
2026202520262025
Revenue recognized at a point-in-time$4,286 $17,143 $5,752 $32,698 
Revenue recognized over time1,054 837 1,475 2,176 
Total$5,340 $17,980 $7,227 $34,874 
Revenues disaggregated by significant products and services for the three and six months ended March 31, 2026 and 2025 are as follows:
(in thousands)Three Months Ended
March 31,		Six Months Ended
March 31,
2026202520262025
Alico Citrus
Early and Mid-Season$1,633 $648 $1,915 $15,577 
Valencias2,158 16,293 2,158 16,293 
Fresh Fruit and Other— 202 588 828 
Grove Management Services— 110 13 881 
Total$3,791 $17,253 $4,674 $33,579 
Land Management and Other Operations
Land and Other Leasing$1,415 $674 $2,318 $1,153 
Other134 53 235 142 
Total$1,549 $727 $2,553 $1,295 
Total Revenues$5,340 $17,980 $7,227 $34,874 
Schedule of Minimum Future Base Rental Revenue on Non-Cancelable Leases
Minimum future base rental revenue on non-cancelable leases subsequent to March 31, 2026 are summarized as follows. Certain of our leases include renewal options which could be exercised at the lessee’s discretion and are not included in the amounts in the table below.
(in thousands)March 31, 2026
Fiscal 2026$860 
Fiscal 20271,705 
Fiscal 20281,726 
Fiscal 20291,632 
Fiscal 20301,639 
Thereafter7,748 
Total$15,310 
Schedule of Restricted Cash
(in thousands)March 31,
2026		September 30,
2025
Cash and cash equivalents$52,879 $38,128 
Restricted cash762 762 
Cash and cash equivalents and restricted cash$53,641 $38,890 
Schedule of Restricted Cash
(in thousands)March 31,
2026		September 30,
2025
Cash and cash equivalents$52,879 $38,128 
Restricted cash762 762 
Cash and cash equivalents and restricted cash$53,641 $38,890 
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Fair Value, Liabilities Measured on Recurring Basis The carrying amounts and estimated fair values (Level 2) of note receivable and debt instruments are as follows:
(in thousands)March 31, 2026September 30, 2025
Carrying AmountEstimated Fair ValueCarrying AmountEstimated Fair Value
Other non-current assets
Note receivable from Corkscrew Grove Stewardship District$5,177 $5,067 $— $— 
Corporate debt
Current portion of long-term debt$250 $249 $250 $250 
Long-term debt$85,575 $81,424 $85,700 $81,668 
Schedule of Weighted Average Number of Shares
The following table presents a reconciliation of basic to diluted weighted average common shares outstanding for the three and six months ended March 31, 2026 and 2025:
(in thousands)Three Months Ended
March 31,		Six Months Ended
March 31,
2026202520262025
Weighted Average Common Shares Outstanding – Basic7,626 7,637 7,639 7,635 
Effect of dilutive securities – stock options and restricted stock units15 — 6 — 
Weighted Average Common Shares Outstanding – Diluted7,640 7,637 7,645 7,635 
Schedule of Revenue by Major Customers by Reporting Segments
Accounts receivable from the Company’s major customer as of March 31, 2026 and September 30, 2025, and revenue from such customer for the six months ended March 31, 2026 and 2025, are as follows:

(in thousands)Accounts ReceivableRevenue% of Total Revenue
March 31,September 30,Six Months Ended
March 31,		Six Months Ended
March 31,
202620252026202520262025
Tropicana$— $— $— $31,263 —%89.6%