Slc Agricola S.a. · BMFBOVESPA:SLCE3
Slc Agricola — Q4 2025 Earnings Presentation
26 slides from Slc Agricola's earnings presentation, Mar 12, 2026
Slide 1: 4Q25 Earnings Conference Call
4Q25 Earnings Conference Call Speakers: Aurélio Pavinato - CEO Ivo Brum – Chief Financial and IR Officer André Vasconcellos – Financial Planning and IR Manager
Slide 2: Language choice and Q&A instructions
Faça sua pergunta Escolha do idioma + Q&A Tradução Simultânea Simultaneous Translation Ask your question Essa videoconferência será em português, The following presentation will be held in com tradução simultânea para o inglês. Portuguese, with simultaneous translation to English. Alteração de Idiom
Slide 3: Market Overview
Market Overview £3 SLC acricoLa
Slide 4: Market Overview: Soybean
Market Overview Soybean Price World supply & demand (million tons) (CBOT) SPOT Mar 26 - USD\bu 11.87 -7.0% US Planted Area | +4.5% US Yield (CBOT) May 26 - USD\bu 12.01 2025/26 vs 2024/25 427.2 427,2 (CBOT) Jun 26 – USD\bu 12.15 396.3 369.6 378.2 413.4 424.2 (CBOT) Aug 26 – USD\bu 12.00 360.0 366.3
Slide 5: Market Overview: Corn
Market Overview Corn Price World supply & demand (million tons) (CBOT) SPOT Mar 26 - USD\bu 4.36 +8.7% US Planted Area | +4.0% US Yield 2025/26 vs 2024/25 (CBOT) May 26 - USD\bu 4.52 1,297.4 (CBOT) Jun 26 – USD\bu 4.63 1,248.8 1,220.3 1,230.7 (CBOT) Aug 26 – USD\bu 4.65 1,167.4 1,286.4 1,133.9 1,152
Slide 6: Market Overview: Cotton
Market Overview Algodão Price World supply & demand (million bales) (ICE) SPOT Mar 26 – U$ cents/pd 63.59 -17.0% US Planted Area | -3.4% US Yield (ICE) May 26 – U$ cents/pd 65.30 140 2025/26 vs 2024/25 70,0 (ICE) Jun 26 – U$ cents/pd 67.17 130 124.5 118.9 121.0 60,0 120 118.5 115.8 116.3 115.0 50,0
Slide 7: Closing 2024/25 Crop Year
Closing 2024/25 Crop Year
Slide 8: Yields (kg/ha)
2024/25 Crop Year Yields (kg/ha) Soybean Cotton Lint Corn (avg. 1st and 2nd crop) +10.1% vs. Budget +27.8% vs. National avg. 8.304 -0.4% vs. Budget 7.542 +9.8% vs. National avg. 6.496 -3.0% vs. Budget 3.961 3.976 -1.3% vs. National avg. 3.622 1.920 1.980 1.954 Achieved Budget Achieved Budget Achieve
Slide 9: Financial Performance
Financial Performance £3 SLC acricoLa
Slide 10: Financial Highlights
Financial Performance Financial Highlights (R$ thd) 2024 2025 HA 4Q24 4Q25 HA Net revenue 6,915,764 8,553,147 23.7% 1,975,375 2,272,265 15.0% Gross income 2,307,726 2,928,929 26.9% 551,361 574,275 4.2% Gross margin 33.4% 34.2% 0.8p.p. 27.9% 25.3% -2.6p.p. Operational result 1,513,149 1,812,542 19.8%
Slide 11: Net Debt
Performance Financeira Net Debt Credit Line Average annual Interest Rate Consolidated (R$ thd) 2024 2025 2024 2025 Indebtedness currency - Real Applied in Fixed Assets 7.8% 11.1% 36,585 214,136 Applied in Working Capital 13.1% 15.5% 5,588,046 7,358,595 Subtotal Currency Real 13.1% 15.3% 5,624,631 7,
Slide 12: Debt profile
Financial Performance Debt profile Short Term Short Term 31% 22% 2024 2025 Long Term Long Term 69% 78% Source: 4Q25 Release.
Slide 13: 2025 CAPEX
Financial Performance 2025 CAPEX Expansion vs. Maintenance Maintenance 32% Expansion 68% • + R$ 342 million in expansion Capex related to Sierentz. Source: 4Q25 Release.
Slide 14: Seed sales
Financial Performance Seed sales (Big bag) 2024 2025 HA 4Q24 4Q25 HA Distributed Volume 54,526 61,401 12.6% 26,456 25,534 -23.1% Soybean Seed 48,900 55,639 13.8% 20,830 19,772 -5.1% Cotton Seed 5,626 5,190 -7.7% 5,626 5,190 -7.7% Brachiaria Seed - 572 n.m. - 572 n.m. +12.6% 61,401 54,526 Source: 4Q2
Slide 15: Earnings distribution
Financial Performance Earnings distribution Payout: Dividends and interest on equity (R$ thd) 12/31/2025 12/31/2024 Controlling shareholders’ net income for the year 555,573 509,410 76% Allocation to tax incentives reserve (1,138) (2,008) Allocation to legal reserve (27,722) (25,371) Basis for calcu
Slide 16: 2025/26 Crop Year
2025/26 Crop Year Cultivar & Evoluir £3 SLC acricoLa
Slide 17: 2025/26 Planted Area
2025/26 Crop Year 2025/26 Planted Area Planted Area Planted Area Planted Area Forecast 4T25 Share Δ% Δ% Achieved (a) 3T25 (b) Crop mix (c) 2024/25 2025/26 2025/26 2025/26 cxa cxb ha % Cotton 178,803 198,657 192,084 22.9% 7.4% -3.3% Cotton lint 1st crop 95,460 101,736 107,464 12.8% 12.6% 5.6% Cotton
Slide 18: 2025/26 Crop Year Status
2025/26 Crop Year 2025/26 Crop Year Status Soybean 53.9% harvested Cotton 100% planted Corn 72.3% planted Last update: March 6th, 2026
Slide 19: Hedge Position
2025/26 Crop Year Hedge Position 2024/25 – 2025/26 – 2026/27 FX Hedge – Soybean Commercial Hedge – Soybean Crop Year 2024/25 2025/26 2026/27 Crop Year 2024/25 2025/26 2026/27 % 100 63.5 2.3 % 100 67 11.9 R$/USD 5.63 5.77 5.45 USD/bu 11.48 11.17 11.67 Commitments % - 12.0 44.7 Commitments % - 7.8 18.
Slide 20: Irrigation, growth and value creation
20 2025/26 Crop Year Irrigation, growth and value creation Scale and Capital Execution SLC x FIPs BTG potential Project disclosed by Piratini Farm • Association • 913 Million - Dec/25 +13.2 th ha SLC Agrícola: • Capital structure • 59.7 Million - Mar/26 (Completion in 2026) 53 thd ha • Expansion of
Slide 21: ESG Awards
Awards ESG Awards GHG Protocol 2025, pending receipt of the updated logo.
Slide 22: Awards
22 Awards Awards Institutional Investor Categories: - Agribusiness - Small Cap - Best IR Professional - Best IR Practicies
Slide 23: Our Big Dream
Our Big Dream To positively impact future generations, through global leadership in agribusiness and respect to the planet. Our values We believe that those who have passion for what they do are committed and do it with the highest quality, preserving their integrity through an ethical conduct, cons
Slide 24: Investor Relations Department
Investor Ivo Marcon Brum Relations Chief Financial and Investor Relations Officer Department André Vasconcellos Financial Planning and Investor Relations Manager + 55 51 3230.7797 Alisandra Reis ri@slcagricola.com.br Investor Relations Coordinator slcagricola.com.br Daniel Batista Laiza Rocha Invest
Slide 25: Disclaimer
Disclaimer We make forward-looking statements “believes”, “may”, “will”, “continues”, that are subject to risks and “expects”, “anticipates”, “intends”, uncertainties. These statements are “plans”, “estimates” or similar based on the beliefs and assumptions expressions. Forward-looking statements of
Slide 26: SLC Agrícola
&> SLC aGrRicoLa Cultivate & Evolve