Limoneira 2025 Q4 Earnings Widens Loss by 369% as Q4 Earnings Miss Expectations

Limoneira (LMNR) reported fiscal 2025 Q4 earnings on Dec 23, 2025, with a revenue decline and deepening losses. The company’s strategic shift toward avocados and real estate monetization aims to stabilize performance in 2026.

Limoneira's Q4 revenue of $42.8M exceeded estimates, but GAAP EPS of -$0.49 missed by $0.38. The company provided FY2026 guidance, anticipating improved performance through avocado expansion and cost cuts.

Revenue

Agribusiness revenue declined to $41.3 million from $42.5 million, while other operations revenue increased slightly to $1.5 million from $1.4 million. Total revenue fell 2.4% to $42.82 million, reflecting lower lemon volumes and higher operational costs.

Earnings/Net Income

Limoneira’s losses deepened to $0.49 per share in Q4 2025 from $0.11 in Q4 2024, a 344.4% widening. The net loss expanded to $9 million, a 369.0% increase from $1.92 million in the prior year. The EPS of -$0.49 marked a 344.4% wider loss compared to the prior year, reflecting deteriorating performance.

Post-Earnings Price Action Review

Despite a 3.75% drop in the latest trading day, the stock’s 30-day post-earnings strategy underperformed the market with a CAGR of 6.98%, trailing the benchmark by 57.63. The strategy’s minimal risk, indicated by a 0.00% maximum drawdown and a Sharpe ratio of 0.20, suggests it’s suitable for stability-seeking investors.

CEO Commentary

Harold Edwards highlighted Limoneira’s transformation into a diversified agricultural and real estate company. Strategic initiatives include Sunkist partnership, avocado expansion, and a 50-50 Agromin joint venture. Edwards emphasized $10M SG&A cuts in 2026 and $15M from Chilean asset sales, alongside $50–70M in water rights monetization by 2027.

Guidance

Limoneira expects 4–4.5M fresh lemon cartons and 5–6M avocado pounds in FY2026. The Sunkist partnership aims to shift seasonal performance to Q3/Q4, while Agromin’s EBITDA growth is projected from 2027. Edwards underscored deleveraging via asset monetization and core business EBITDA growth to fund debt reduction and potential dividends.

Additional News

Limoneira announced a strategic partnership with Sunkist to enhance customer access and operational efficiency. The company is expanding avocado production with 700 acres expected to bear fruit within 3-4 years. Additionally, it plans a 50-50 Agromin joint venture, projected to generate $4-5M EBITDA by 2027, alongside $15M in cost savings from Chilean asset sales and water rights monetization.