Item 2. Properties
Item 2. Properties
As of September 30, 2025, we owned approximately 49,537 acres of land located in eight counties in Florida. Acreage in each county and the primary classification with respect to the present use of these properties is shown in the following table:
Total Hendry Polk Collier DeSoto Glades Charlotte Hardee Highlands
Alico Citrus:
Citrus Groves 39,297 6,980 5,211 5,575 18,772 2,449 180 130
Land Management and Other Operations 9,583 46 1,693 4,757 1,592 — 402 1,093
Mining 657 — — — 50 526 81 — —
Total 49,537 7,026 6,904 10,332 20,414 526 2,530 582 1,223
Approximately 40,428 acres of the properties listed are encumbered by credit agreements totaling $220,000, of which there was $82,500 outstanding at September 30, 2025. See Note 8. Long-Term Debt and Lines of Credit to the Consolidated Financial Statements included in this Annual Report.
Although we have mineral rights on substantially all our owned acres, with additional mineral rights on other leased acres, we currently collect commercial mining royalties on 657 acres and agricultural mining royalties on approximately 131 acres within Land Management and Other Operations. We do not collect mining royalties on any non-owned lands. These royalties do not represent a significant portion of operating revenues or gross profits.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.