Earnings release
Page 1
S e p t e m b e r 4 , 2 0 2 6 1 0 a . m ( B r a s í l i a T i m e ) 0 9 a . m ( N Y T i m e ) ) P o r t u g u e s e ( w i t h s i m u l t a n e o u s t r a n s l a t i o n i n t o E n g l i s h ) C l i c k h e r e t o p a r t i c i p a t e E A R N I N G R E L E A S E 4 Q 2 6 l 2 0 2 6 C O N F E R E N C E C A L L
Page 2
‘1 São Paulo, September 3, 2026 – BrasilAgro (B3: AGRO3) (NYSE: LND) announces its consolidated results for the fourth quarter and year ended June 30, 2026 ("4Q26”) and ( “ 2026”). The consolidated information is prepared in accordance with the International Financial Reporting Standards (IFRS). HIGHLIGHTS OF THE PERIOD HEDGE POSITION INPUTS LOCKED IN (as of August 2 0 26) (R$ thousand) 4Q26 4Q25 Change 2026 2025 Chg. % Revenues from Operations 255.873 228.735 12% 891.652 877.443 2% Revenues from Farm Sales - 111.998 -100% 4.064 241.299 -98% Net Sales Revenue 255.873 340.733 -25% 895.716 1.118.742 -20% Variation in bio. asset fair value. 33.578 22.109 52% 31.006 114.602 -73% Net Revenue¹ 289.451 362.841 -20% 926.722 1.233.344 -25% Adj. EBITDA from Operations 56.556 (111) n.a 97.257 87.235 11% Adj. EBITDA Margin from Oper. (%) 22% 0% 22 p.p. 11% 10% 1 p.p. Adjusted EBITDA² 56.556 72.042 -21% 99.335 267.321 -63% Adjusted EBITDA Margin (%) 20% 20% n.a 11% 22% -11 p.p. Net Income from Operations (13.943) (10.871) 28% (92.087) (42.066) n.a Net Operating Margin (%) -5% -5% n.a -10% -5% -5 p.p. Net Income (13.943) 61.281 n.a (90.009) 138.019 n.a Net Income Margin (%) -5% 17% -22 p.p. -10% 11% -21 p.p. ¹ Net Revenue: Considers the change in fair value of biological assets and agricultural product and Impairment. ² Adjusted EBITDA was calculated by excluding biological assets in progress (sugarcane and grains planted) and adjusted for the harvest’s derivative results and depreciation expenses, including depreciation of fixed assets of the farms, developed areas and permanent crops. Commodity Volume traded Price locked in Soybeans 50.388 t ██░░░░░░░░ 21% US$ 11,86/bu Cotton 680 t ██░░░░░░░░ 17% R$ 70,00/lb Corn 2.000 t ░░░░░░░░░░ 1% R$ 61,50/sc Farm Receivables 12.246 t ██░░░░░░░░ 15% US$ 12,10/bu Exchange Volume traded Price locked in Soybeans USD 20.969 ███░░░░░░░ 27% US$ 5,59 Cotton USD 2.857 ███░░░░░░ 42% US$ 5,92 Farm Receivables USD 6.152 ██░░░░░░░░ 21% US$ 5,54 26/27 Harvest % traded % traded 26/27 Harvest Inputs % locked in MAP (phosphate) 70% KCL (potassium) 71% Nitrogen 78% Defensives 69% Coverage ██████████████░░░ ██████████████░░░ ███████████████░░ █████████████░░░░