KANP
Kaanapali Land, LLC29.00
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
51.99MP/E (TTM)
-Basic EPS (TTM)
-2.07Dividend Yield
0%Recent Filings
8-K
Land sale nets $19.9M cash
Kaanapali Land's subsidiary completed the sale of 21 acres in Lahaina, Hawaii, to Pioneer Mill Site LLC on March 10, 2026, receiving $19.9M in cash. Pro forma data shows a $10.3M gain on sale, $9.6M drop in property value, and boosted cash on the September 30, 2025 balance sheet. Sale slashes minor license fees and site costs.
10-Q
Q3 FY2025 results
Kaanapali Land posted Q3 revenue of $467K, up 16% y/y from $402K yet down q/q (derived), with sales jumping to $213K from $45K on Agriculture recovery while interest income fell. Operating loss narrowed to $728K from $1.5M y/y, thanks to lower cost of sales after inventory built to $2.2M from coffee crop capitalization; net loss hit $538K or $(0.29)/share on 1.845M diluted shares. YTD revenue dipped 6% to $1.3M, operating loss shrank to $3.4M from $6.1M, but net loss swung to $2.0M from $678K profit, lacking prior wildfire insurance gains while crop proceeds added $682K. Cash sits at $18.1M after $3.7M operating outflow; no debt. Segments struggle post-Lahaina fires. Cash holds firm. Arbitration with NHC over infrastructure delays poses risks.
10-Q
Q2 FY2025 results
Kaanapali Land's Q2 FY2025 revenues fell 11% y/y to $376K, driven by lower interest income, while total revenues for the half-year dropped 15% y/y to $816K amid ongoing wildfire disruptions. Operating loss narrowed sharply to $1.1M from $3.1M y/y, thanks to reduced selling expenses after last year's $1M credit loss reserve on a hospital receivable; yet net loss widened to $338K from $2.0M profit, as 2024's $4.9M insurance gains for Lahaina fire damage faded, offset only by $682K crop insurance proceeds. Agriculture and property segments both posted losses, with coffee operations hampered by mill relocation. Cash dipped to $19.9M, with $2.3M used in operations and no debt. A pending $20M land sale in Lahaina awaits environmental clearance. Water use permits pose regulatory hurdles for development.
10-Q
Q1 FY2025 results
Kaanapali Land posted a Q1 net loss of $1.2M, up 13% y/y from $1.0M, with total revenues dipping 19% y/y to $440K amid ongoing Lahaina wildfire disruptions that halted coffee processing until a new mill opened in January 2025. Operating loss widened slightly to $1.5M y/y, driven by higher selling, general, and administrative expenses from payroll and site cleanup, while cost of sales fell 56% y/y to $293K as coffee growing costs shifted to inventory. Agriculture revenue slipped 16% y/y to $108K, yet the segment's loss narrowed sharply to $298K from $623K, thanks to lower crop expenses. Cash dipped to $20.6M, with operating cash use at $1.7M and $1.0M in property additions; no debt burdens the balance sheet. A pending $20M land sale awaits post-July 2025 lease end and environmental tests. Water use permits pose a key risk, potentially delaying Maui developments.
10-K
FY2024 results
Kaanapali Land's FY2024 results showed a net loss of $1.1 million, down from $3.7 million profit in 2023, as the Lahaina wildfire crushed coffee sales to $506 thousand from $3.0 million, with no Q4 processing due to mill destruction. Yet insurance kicked in $6.0 million for damages and lost profits, offsetting much of the hit while the company eyes a $20 million Pioneer Mill site sale pending environmental tests. Cash dipped to $23 million amid $3.0 million in property adds, but liquidity holds for development pushes like Puukolii Village. No dividends or buybacks; water permit delays loom large.
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