Tejon Ranch Co. Reports Decline in Net Income

By Chris Stiles • Thursday, March 19 12:49 • Permanent Link

Tejon Ranch Co. (NYSE:TRC) has released its financial results for the fourth quarter and year-ended December 31, 2025. Here are the key financial highlights:

Fourth Quarter 2025: Net income attributable to common stockholders decreased by $2.9 million to $1.6 million ($0.06/share basic and diluted), compared to $4.5 million ($0.17/share) in the fourth quarter of 2024. Revenues and other income, including equity in earnings from unconsolidated joint ventures, increased 8% to $23.3 million, compared to $21.6 million. Farming segment revenues increased 26% to $12.2 million, compared to $9.7 million. Adjusted EBITDA, a non-GAAP measure, increased 9% to $11.4 million, compared to $10.5 million.

Fiscal 2025: Net income attributable to common stockholders was $0.1 million ($0.00/share), compared to $2.7 million, or $0.10 per share basic and diluted, in 2024. Revenues and other income, including equity in earnings of unconsolidated joint ventures, increased 7% to $58.7 million, compared to $54.7 million in 2024. Farming segment revenue increased 35% to $18.7 million vs. 2024. Commercial/industrial segment revenue increased 20% to $15.0 million vs. 2024. * Adjusted EBITDA increased 8% to $25.3 million for 2025, compared to $23.4 million for 2024.

Other Highlights: Farming segment revenues increased 34.6% to $18.7 million in 2025. Almond revenues grew to $7.8 million in 2025 from $7.1 million in 2024. Wine grape revenues rose to $3.4 million from $2.7 million. Mineral resources segment generated $2.8 million in operating income in 2025.

Looking ahead to 2026, the company expects fluctuations in net income based on development activity, commodity prices, production within its farming and mineral resources segments, and the timing of land sales and leasing activity.

Tejon Ranch Co. is focused on TRCC as its primary development platform and long-term value driver, pursuing commercial and industrial development, multi-family development, leasing and investment activity, both directly and through joint ventures.

For more detailed financial information and forward-looking statements, the complete press release can be accessed on the company’s website. As a result of these announcements, the company's shares have moved -0.71% on the market, and are now trading at a price of $16.73. For more information, read the company's full 8-K submission here.

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