Completion of Major Citrus Harvest
Completion of the final major citrus harvest, marking the transition from capital-intensive citrus production to focusing on land development and diversified usage.
Exceeding Land Sales Guidance
Year-to-date land sales of $23.5 million from approximately 2,794 acres sold, exceeding the original $20 million guidance for fiscal 2025.
Cash and Liquidity Strength
Cash position strengthened to $42.1 million with a strong liquidity profile, supported by $16 million in crop insurance proceeds.
Regulatory Milestone for Corkscrew Grove
Approval of House Bill 4041 for the Corkscrew Grove stewardship district, facilitating development and infrastructure financing.
Increased EBITDA
EBITDA increased to $19.2 million for the third quarter of 2025, compared to $1.3 million for the same period in 2024.