“`html
Maui Land & Pineapple Company, Inc. (MLP) reported second-quarter 2025 operating revenues of $4.6 million, a 74% increase from $2.6 million in the previous year. For the first half of 2025, revenues surged 103% to $10.4 million compared to $5.1 million in the same period last year. Despite this growth, the company’s shares fell 4% following the earnings release, underperforming the S&P 500, which edged down 0.2% in the same timeframe.
The company narrowed its net loss to $1 million, or 5 cents per share, from a loss of $1.9 million or 10 cents per share a year earlier. However, for the first half, the net loss widened to $9.6 million, or 49 cents per share, primarily due to a $7.5 million pension settlement expense. Leasing revenues climbed 46%, driven by higher occupancy rates, with commercial properties achieving occupancy levels of 89% to 100% across various categories.
Maui Land & Pineapple also advanced its agave farming initiative, planting over 12,000 blue weber agave plants as part of its diversification strategy. The company continues to focus on optimizing its assets while investing in land planning and tenant improvements, with an expected non-cash gain related to the pension plan termination in the upcoming quarter.
“`
