Maui Land & Pineapple Company, Inc. Reports Fiscal Second Quarter 2025 Results
- Kristen Kunimura
- Aug 14
- 1 min read
On August 14, 2025, Maui Land & Pineapple Company, Inc. (NYSE: MLP) reported financial results covering the three-month period ended June 30, 2025.
The Company’s strong financial performance and significant revenue growth in the first half of 2025 validate our path to unlock value by maximizing the productivity of our land and commercial properties. We continue to resolve legacy responsibilities and market non-strategic parcels for sale to fund projects and land improvements.” – Race Randle, CEO of Maui Land & Pineapple Company, Inc.
Second Quarter 2025 Highlights:
Operating revenues totaled $10,406,000 for the first half of 2025, up 103% during the same period last year.
Leasing revenue rose by 46% or $2,033,000 year-over-year.
Land development and sales revenue totaled $3,442,000 from the sale of a non-strategic parcel in Pukalani and the state Honokeana Homes Relief Housing Project.
Operating costs and expenses totaled $12,897,000, up by $4,488,000 compared to the same period last year.
Net loss was $9,693,000 or $0.49 per common share.
Adjusted EBITDA (Non-GAAP) was ($192,000), a favorable increase of $55,000 over the same period in 2024.
Cash and investments convertible to cash totaled $7,028,000.
“We made the strategic financial decision to annuitize former employees’ pensions, which temporarily impacted our GAAP earnings this quarter and will be offset next quarter with a comprehensive gain.” - Wade Kodama, Chief Financial Officer.