Kaanapali Land LLC

What Do They Do?

Develops and sells real estate to property buyers, and grows, processes and sells coffee to coffee buyers.

How Do They Make Money?

Property buyers pay when a land sale closes; agricultural customers pay when the company provides products or services.

revenue

Segment	Share	Revenue	How money arrives
Property Sold outright	20% FY2022: 55%		Sold outright
Agriculture Sold outright	26% FY2022: 44%		Sold outright

Who Are Their Customers?

The company sells green coffee mostly to Hawaii roasters with retail coffee shops, which also sell to grocery stores and online; when available, it sells to mainland and international roasters, dealers and traders.

Do Revenues Turn Into Profits?

No. It lost $3.7M in FY2025.

Operating income, FY2025

−327% of revenue

▼ −29% (Loss) vs FY2024 (−$7.5M, −387%)

Net income, FY2025

−227% of revenue

▲ +242% (Loss) vs FY2024 (−$1.1M, −56%)

Free cash flow, FY2025

−456% of revenue

▲ +30% (Loss) vs FY2024 (−$5.8M, −296%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +65%; vs $376K in Q2 FY2025
Net income: ▲ +65% (Loss); vs −$338K in Q2 FY2025

Agriculture share of revenue vs 100.0% in Q2 FY2025

Shrinking. Revenue fell 65% in 4 years, from $4.8M in FY2021 to $1.6M in FY2025, about 23% a year.

Coffee processing The older report described company-run coffee farming, milling and sales; the latest describes outsourced pulping and drying and temporary milling after the mill was destroyed, with coffee sales resumed.

Revenue over time

Property Agriculture Corporate Segment

$10M$5M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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