Maui Land & Pineapple first-half revenue falls to $7.1 million; net loss narrows to $3.7 million
Maui Land & Pineapple reported results for the six months ended June 30, 2026, in Exhibit 99.1 to a Form 8-K. Total operating revenues fell to $7.1 million from $10.4 million a year earlier, while the net loss narrowed to $3.7 million from $9.6 million, mainly because the prior year included pension charges. Shareholders face lower revenue and a higher line of credit balance alongside the smaller loss.
Key points
- Total operating revenues were $7.1 million for the six months ended June 30, 2026, versus $10.4 million a year earlier.
- Net loss was $3.7 million, or $0.19 per share, versus $9.6 million, or $0.49 per share, a year earlier.
- Land development and sales revenue was $0.5 million, down from $4.1 million; the company cited contracted sales, including a $10.0 million agreement with Harvest Church expected to close in 2027.
- Cash and cash equivalents were $3.3 million at June 30, 2026, and the line of credit balance rose to $8.5 million from $4.0 million at December 31, 2025.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.