MAUI LAND & PINEAPPLE CO INC
Business
Maui Land & Pineapple Company, Inc. owns and operates approximately 22,300 acres of land and 247,000 square feet of commercial property on Maui, Hawai'i. The company engages in land development and sales, property and agricultural leasing, trademark licensing, water system operations, and resort amenities management through its Kapalua Resort and related properties. Operations span three reportable segments: Land Development and Sales (master-planned resort and residential projects), Leasing (commercial, industrial, agricultural properties, and potable/non-potable water systems), and Resort Amenities (Kapalua Club operations).
Summary from 10-K filed 2026-04-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Operating Lease, Lease Income | 13 | 10 | 8 | 9 | 8 | |
| Total operating revenues | 19 | 12 | 9 | 21 | 12 | |
| Leasing | 8 | 5 | 4 | 4 | — | |
| General and administrative | 5 | 4 | 4 | 3 | 3 | |
| Share-based compensation | 4 | 6 | 3 | 1 | 1 | |
| Depreciation | 1 | 723,000 | 869,000 | 1 | 1 | |
| Total operating costs and expenses | 24 | 19 | 14 | 11 | 11 | |
| OPERATING LOSS | −5 | −7 | −5 | 10 | 2 | |
| Gain (loss) on assets disposal | −15,000 | 48,000 | 0 | — | — | |
| Other income, net | 1 | 924,000 | 707,000 | 71,000 | 13,000 | |
| Pension and other post-retirement expenses | −7 | −948,000 | −436,000 | −8 | −5 | |
| Interest expense | −216,000 | −61,000 | −6,000 | −6,000 | −122,000 | |
| NET LOSS | −11 | −7 | −3 | 2 | −3 | |
| Other comprehensive income - pension, net | 7 | 7,000 | 1 | 7 | −6 | |
| TOTAL COMPREHENSIVE LOSS | −4 | −7 | −2 | 9 | 3 | |
| NET LOSS PER COMMON SHARE-BASIC AND DILUTED (in dollars per share) | −0.54 | −0.38 | −0.15 | 90 | −0.18 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 5 | 7 | 6 | 8 | 6 | |
| Accounts receivable, net | 1 | 5 | 1 | 892,000 | 1 | |
| Investments, current portion | 0 | 3 | 3 | 2 | 0 | |
| Prepaid expenses and other assets | 608,000 | 507,000 | 467,000 | 368,000 | 333,000 | |
| Assets held for sale | 2 | 82,000 | 0 | — | — | |
| Total current assets | 9 | 15 | 10 | 15 | 10 | |
| PROPERTY & EQUIPMENT, NET | 18 | 17 | 16 | 16 | 17 | |
| Investment in joint venture | 0 | 968,000 | 2 | 0 | — | |
| Total Lease Assets | 518,000 | 24,000 | — | — | — | |
| Other noncurrent assets | 3 | 2 | 1 | 1 | 1 | |
| Total other assets | 21 | 18 | 16 | 11 | 11 | |
| TOTAL ASSETS | 48 | 50 | 42 | 42 | 38 | |
| Accounts payable | 3 | 2 | 1 | 589,000 | 580,000 | |
| Payroll and employee benefits | 1 | 908,000 | 502,000 | 869,000 | 949,000 | |
| Accrued retirement benefits, current portion | 2 | 140,000 | 142,000 | 142,000 | 142,000 | |
| Deferred revenue, current portion | 833,000 | 833,000 | 217,000 | 227,000 | 217,000 | |
| Long-term debt, current portion | 85,000 | 85,000 | 0 | — | — | |
| Line of credit | 0 | 3 | 0 | — | — | |
| Lease liability, current portion | 106,000 | 12,000 | — | — | — | |
| Other current liabilities | 786,000 | 730,000 | 465,000 | 480,000 | 509,000 | |
| Contract overbillings | 0 | 3 | 0 | — | — | |
| Total current liabilities | 7 | 11 | 2 | 2 | 2 | |
| Accrued retirement benefits, noncurrent portion | 0 | 2 | 2 | 3 | 8 | |
| Line of credit | 4 | 0 | — | — | — | |
| Long-term debt, noncurrent portion | 102,000 | 168,000 | 0 | — | — | |
| Lease liability, noncurrent portion | 413,000 | 12,000 | — | — | — | |
| Total long-term liabilities | 8 | 6 | 5 | 6 | 12 | |
| TOTAL LIABILITIES | 15 | 17 | 8 | 9 | 14 | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | |
| Preferred stock--$0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding | 0 | 0 | 0 | — | — | |
| Common stock--$0.0001 par value; 43,000,000 shares authorized; 19,755,431 and 19,663,780 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 88 | 86 | 85 | 83 | 82 | |
| Additional paid-in-capital | 17 | 15 | 11 | 9 | 9 | |
| Accumulated deficit | −72 | −61 | −54 | −51 | −52 | |
| Accumulated other comprehensive loss | −276,000 | −7 | −7 | −8 | −16 | |
| Total stockholders' equity | 33 | 33 | 35 | 34 | 24 | |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | 48 | 50 | 42 | 42 | 38 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash receipts from customers and other receipts | 20 | 10 | 10 | 21 | 13 | |
| Cash paid to vendors | −13 | −7 | −9 | −13 | −10 | |
| Cash paid for payroll and taxes | −5 | −3 | −2 | −1 | −2 | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 2 | 370,000 | −1 | 6 | 1 | |
| Purchases of bond securities | −15,000 | −3 | −3 | −3 | 0 | |
| Maturities of bond securities | 3 | 4 | 3 | 97,000 | 0 | |
| Purchases of property and equipment | −3 | −2 | −618,000 | 0 | −29,000 | |
| Payments for deferred development | −5 | −2 | 0 | — | — | |
| Distributions from (Contribution to) unconsolidated joint venture | 1 | 981,000 | 0 | — | — | |
| NET CASH USED IN INVESTING ACTIVITIES | −3 | −2 | −864,000 | −3 | 4 | |
| Borrowing under line of credit | 1 | 3 | 0 | — | — | |
| Principal payments on long term debt | −151,000 | −21,000 | — | 0 | −800,000 | |
| Common stock issuance costs and other | −268,000 | −111,000 | −574,000 | −335,000 | — | |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | −240,000 | 3 | −574,000 | −335,000 | −760,000 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | −2 | 1 | −3 | 3 | 5 | |
| Depreciation and amortization | 1 | 723,000 | 785,000 | 1 | 1 | |
| Provision for credit losses and impairments | 460,000 | 227,000 | 142,000 | 28,000 | 68,000 | |
| Restricted Stock or Unit Expense | 4 | 6 | 3 | 855,000 | 705,000 | |
| Loss on disposal of property, net | 15,000 | 84,000 | −2 | 0 | 29,000 | |
| Debt financed equipment | 0 | −274,000 | — | — | — | |
| Revenue from investment in JV | 0 | −341,000 | — | — | — | |
| Accounts receivable | 3 | −4 | −416,000 | 183,000 | 191,000 | |
| Retirement liabilities | 6 | 823,000 | 308,000 | 2 | 3 | |
| Accounts payable | 936,000 | 873,000 | 102,000 | 9,000 | −319,000 | |
| Deferred revenue | −133,000 | 2 | 0 | — | — | |
| Contract overbilling | −3 | 3 | 0 | — | — | |
| Other operating assets and liabilities | 575,000 | −1 | −200,000 | 62,000 | −570,000 | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 2 | 370,000 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MAUI LAND & PINEAPPLE CO INC's CIK number?
MAUI LAND & PINEAPPLE CO INC's SEC CIK number is 0000063330 (63330). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MAUI LAND & PINEAPPLE CO INC's SEC filings?
All of MAUI LAND & PINEAPPLE CO INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MAUI LAND & PINEAPPLE CO INC last report earnings?
MAUI LAND & PINEAPPLE CO INC (MLP) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-017409). This is MAUI LAND & PINEAPPLE CO INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is MAUI LAND & PINEAPPLE CO INC's most recent earnings 8-K?
MAUI LAND & PINEAPPLE CO INC's latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001437749-26-017409. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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