Exhibit 99.1 Alico, Inc. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2024 Fort Myers, FL, December 2, 2024 - Alico, Inc. ("Alico" or the "Company," "we," "us" or "our") (Nasdaq: ALCO) today announces financial results for the fourth quarter and fiscal year ended September 30, 2024, the highlights of which are as follows: • The Company reports net income attributable to Alico, Inc. common stockholders of $7.0 million and EBITDA of $29.7 million for the fiscal year e ...

FORT MYERS, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company,” “we,” “us” or “our”) (Nasdaq: ALCO) today announces financial results for the fourth quarter and fiscal year ended September 30, 2024, the highlights of which are as follows: The Company reports net income attributable to Alico, Inc. common stockholders of $7.0 million and EBITDA of $29.7 million for the fiscal year ended September 30, 2024. After adjusting for certain non-recurring items, the Company reports Adjusted ...

FORT MYERS, Fla., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the fourth quarter and full year ended September 30, 2024, on Monday, December 2, 2024 before market open. The Company will host a conference call to discuss its financial results on Monday, December 2, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-225-9448 in the United States and 1-203 ...

It has been a few months since I last wrote about Alico (NASDAQ: ALCO ), the leading Florida citrus grower. My bullish view of Alico was predicated on the value of Alico's vast real estate holdingsAuthor of the Macro Trends & Inflection Points Newsletter. I spent 5 years as a co-founder and hedge fund CIO / manager. Before that, I was a hedge fund analyst/portfolio manager at a leading Canadian alternative asset manager. I write articles as part of my own due diligence on the stocks that I find interesting. ...

FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week. Most importantly, we are grateful that none of our approximately 197 employees were casualties from this devastating storm in Florida last week. The full impact of Hurricane Milton on Alico’s assets and operations is still being assessed at this time, but we believe the lessons learned over the past century, especially since Hurricane Irma in 2017 a ...

Group 1 - Alico (NASDAQ: ALCO) is currently rated as a BUY due to its land value, particularly for land that is in the process of being entitled [1] - The stock is trading lower for several reasons, which are not specified in the document [1] - The company is appealing to value investors interested in post-bankruptcy, net asset value (NAV), and undervalued micro and nano cap stocks [1] Group 2 - The investment strategy focuses on companies with layers of value and typically little or no debt [1]

Core Points - Alico, Inc. has amended its Credit Agreement with MetLife, increasing its revolving line of credit (RLOC) from $25 million to $95 million and extending the maturity date to May 1, 2034 [1][2] - The RLOC is secured by approximately 36,800 gross acres of citrus land, and the company has paid off its current borrowings under a $70 million working capital line of credit [1][2] - The interest rate on borrowings under the RLOC is based on the one Month Term Secured Overnight Financing Rate (SOFR) plus a credit spread of 2.20%, with no principal payments due until maturity [2] Company Overview - Alico, Inc. operates primarily in two divisions: Alico Citrus, one of the largest citrus producers in the U.S., and Land Management and Other Operations, which includes land leasing and related support operations [3]

Counter/DigitalVision via Getty Images As the population and jobs continue to flock to Florida, land is becoming increasingly scarce and valuable. Prologis (PLD) just paid $378 per foot for a teardown and rebuild in Miami-Dade County. Miami-Dade is the epicenter, but much of the state is experiencing similar trends directionally. Given the land scarcity, we have been looking at ways to increase exposure to Florida real estate and particularly Florida land. Alico (NASDAQ:ALCO) is arguably the cheapest wa ...

Alico, Inc. (NASDAQ:ALCO) Q3 2024 Results Conference Call August 6, 2024 8:30 AM ET Company Participants John Kiernan - President & Chief Executive Officer Brad Heine - Chief Financial Officer Operator Welcome to Alico's Third Quarter 2024 Conference Call. [Operator Instructions] As a reminder today's conference is being recorded. Last night, the company issued a press release announcing its results for the third quarter ended June 30, 2024. If you have not had a chance to review the release, it is availabl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 or ALICO, INC. (Exact name of registrant as specified in its charter) Florida 59-0906081 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 10070 Daniels Interstate Court Suite 200 Fort Myers FL 33913 (Address of principal execu ...