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Limoneira Company (LMNR) investor relations material
Limoneira Company Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic transformation underway, shifting from commodity lemons to diversified agriculture and real estate profit centers, with a focus on cost reduction and asset optimization.
Sunkist partnership enhances access to premium retail and food service customers, improves pricing stability, and reduces SG&A costs.
Avocado acreage expansion to double production capacity over the next 3-4 years, targeting high-margin markets as 700 acres of non-bearing trees mature.
Monetization of non-core assets, including water rights and real estate, to strengthen the balance sheet and fund growth.
Organic recycling joint venture and real estate projects expected to provide significant future EBITDA and cash distributions.
Financial highlights
Q4 FY25 net revenue: $42.8M (down from $43.9M YoY); FY25 net revenue: $159.7M (down from $191.5M YoY).
Q4 FY25 operating loss: $11.1M (vs. $2.8M loss YoY); FY25 operating loss: $20.4M (vs. $6.2M loss YoY).
Q4 FY25 net loss: $8.8M ($0.49/share) (vs. $2M, $0.11/share YoY); FY25 net loss: $16.5M ($0.93/share) (vs. $7.2M income, $0.40/share YoY).
Adjusted EBITDA for Q4 FY25: -$7M (vs. $1.2M YoY); FY25: -$6.5M (vs. $26.7M YoY).
Strategic transformation costs of $6.7M impacted Q4 results.
Outlook and guidance
FY26 expected to benefit from $10M in cost savings and improved cost structure from Sunkist partnership.
FY26 guidance: fresh lemon volumes 4–4.5M cartons, avocado volumes 5–6M lb.
Avocado production to increase significantly in FY27 as new acreage matures.
Real estate distributions of $155M–$180M expected over the next five to seven years; $10M received in April 2025.
Organic recycling JV to contribute $4–$5M EBITDA starting FY27.
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