Business
Maui Land & Pineapple Company, Inc. Reports Fiscal Second Quarter 2025 Results
KAPALUA, Hawai‘i, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the quarter 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,” said Race Randle, CEO, Maui Land & Pineapple Company, Inc. “We continue to resolve legacy responsibilities and market n
About this update from Maui Land & Pineapple Company, Inc.
[{"type":"image","alt":"Maui Land & Pineapple Company, Inc.","displaySize":"","headline":null,"caption":"Maui Land & Pineapple Company, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":88,"url":"https://media.zenfs.com/en/globenewswire.com/05d95a1dac16a2e1b91e9e55dc8cee07"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uFSxMBi.NxIz26_83lVykg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/05d95a1dac16a2e1b91e9e55dc8cee07","width":300,"height":88}},"lazy":false},{"type":"text","content":"KAPALUA, Hawai‘i, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the quarter ended June 30, 2025.","length":178,"tagName":"p"},{"type":"text","content":"“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,” said Race Randle, CEO, Maui Land & Pineapple Company, Inc.","length":268,"tagName":"p"},{"type":"text","content":"“We continue to resolve legacy responsibilities and market non-strategic parcels for sale to fund projects and land improvements. Throughout the second quarter, we intentionally deployed capital to grow and diversify revenue streams, including the investment in materials and labor to launch our agave venture by planting blue weber agave on underutilized croplands in Upcounty, Maui. In addition, our reinvestment in asset management and commercial properties yielded strong results, with a 46% gain in leasing revenue over the same six month period last year.”","length":607,"tagName":"p"},{"type":"text","content":"Second Quarter 2025 Highlights","length":30,"tagName":"p"},{"type":"text","content":"“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,” explained Wade Kodama, Chief Financial Officer.","length":248,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Operating Revenues – The Company’s operating revenues totaled $10,406,000 for the six months ended June 30, 2025, as compared to $5,128,000 during the same period i...