Here are the 10-K annual reports from Maui Land & Pineapple Co. (MLP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MLP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MLP filings page.
Maui Land & Pineapple Company, Inc. reports full-year 2025 results showing continued land development progress and higher leasing activity while posting a larger net loss driven mainly by a pension plan settlement.
Operating revenues rose to $19.5 million from $11.6 million, led by leasing revenue of $12.8 million (about 66% of total) and land development and sales revenue of $5.8 million, including non-strategic parcel sales and Honokeana Homes project work. The company recorded a net loss of $10.6 million, or $0.54 per share, largely due to a one-time $6.6 million defined benefit pension settlement.
The company controls approximately 22,286 acres of land and 247,328 square feet of commercial space on Maui, with commercial real estate 92% leased at year-end 2025. It expanded its revolving credit facility to $25 million, with $4 million drawn and cash of $5.3 million, and is advancing multiple long-term Kapalua and Upcountry development projects while increasing leasing to support recurring cash flow.