Fort Myers-based Alico Inc. reported a net loss of $111.4 million attributable to common stockholders in its second quarter, according to an earnings report. Company officials said the increase in net loss from $15.8 million in the same period in 2024 was partially due to the result of approximately $119.3 million of accelerated depreciation on the company’s citrus trees because of the announcement of its strategic transformation to a diversified land company and decision to wind down citrus operations. The company posted $17.98 million in revenue, a 0.7% year-over-year decrease. The company completed its last major citrus harvest in April. Alico will conduct a final harvest on the majority of the 3,783 acres of remaining operational citrus groves in fiscal year 2026 and will have negotiated agreements to lease another 5,250 acres of different groves to third-party citrus growers next season.