Brasilagro Cia Brasileira De Propriedades Agricolas · BMFBOVESPA:AGRO3
Brasilagro Cia Brasileira De Propriedades Agricolas — Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (Brazil) — Q2 2026 Earnings Presentation
15 slides from Brasilagro Cia Brasileira De Propriedades Agricolas's earnings presentation, Feb 6, 2026
Slide 1: Results Presentation 2Q26 | 6M26
RESULTS PRESENTATION 2Q26 | 6M26 André Guillaumon Gustavo Lopez Ana Paula Zerbinati CEO CFO & IRO IR and Capital Market Head
Slide 2: 6M26 Earnings Call
6M26 EARNINGS CALL PORTUGUÊS Essa videoconferência será em português, com tradução ENGLISH simultânea para o inglês. ENGLISH The following presentation will be held in The following Portuguese, presentation with simultaneous will be held into translation Alteração de Idioma: para acessar a tradução
Slide 3: Results Highlights 6M26
Results Destaques 6M25 6M26 77.832 R$ 470.3 R$ 71.3 R$ 61.8 million million 77.832 million of Net Revenue Adjusted EBITDA of Net Income
Slide 4: Scenario: Commodity performance
Scenario Commodity performance (Jun/25 - Jan/26) Soybean - Paranaguá -7% Cattle Raising +7% 324,55 134,56 304,15 124,76 Corn - BM&FBOVESPA +8% Ethanol - Hydreted Futuro B3 +15% 3.182,00 2.758,00 67,96 62,95 Cotton -2% Sugarcane - (Açúcar Futuro NY) -14% 17,05 63,73 65,06 14,71 4
Slide 5: Inputs
Average Price Inputs Price Status Purchase Inputs – Jan/26 BrasilAgro : +11% MAP BRASIL (usd/ton) 25/26 Harvest 25/26 Harvest: Potassium chloride 97% 3% 643,00 25/26 Purchase 640 USD/Ton 94% Phosphates 578 Jun-24 Dec-25 NPK - Formulated 100% 97% IMPUTS Defensives 93% +16% KCL BRASIL (usd/ton) Bought
Slide 6: 2025/2026 Harvest | cattle raising
2025/2026 Harvest | cattle raising 11.567 10.529 0,47 8.649 8.526 0,31 25/26 Harvest 25/26 Harvest 25/26 Harvest 25/26 Harvest 25/26 Harvest 25/26 Harvest Estimated Realized Estimated Realized Estimated Realized (up to dec/31) (up to dec/31) (up to dec/31) Number of Pasture Area ADG - Average Daily
Slide 7: 2025 Harvest Year Sugarcane
2025 HARVEST YEAR Sugarcane April to June July to December Total Harvest Chg. Var. Chg. 2024 2025 2024 2025 2024 2025 (%) (%) (%) Hectares 5.762 7.799 35% 19.370 17.983 -7% 25.132 25.782 3% Harvested Ton. Produced 496.461 585.398 18% 1.563.990 1.156.227 -26% 2.060.451 1.741.625 -15% TCH (t/ha) 86,15
Slide 8: Planted Area
PLANTED AREA Planted Area Evolution Property Breakdown (ha) 25/26 Harvest 21/22 Harvest 25/26 Harvest 21/22 Harvest Projetado Projeted Incorporation of 32 thousand arable ha 10% 17% (owned and leased areas) 2% 5% 2% 37% 39% 7% 168.925 169.858 46% 168.925 169.858 43% 19% 50% 50% hectares hectares hec
Slide 9: Climate Scenario
CLIMATE SCENARIO Forecast Total Precipitation (mm) Valid for January/26 – February/26 – March/26 We have completed the planting of the crop under good weather conditions. Despite the irregular rainfall at the beginning of the cycle, the crops are showing satisfactory development. The climate outlook
Slide 10: Hedge Position as of February 6
HEDGE POSITION as of February, 06 SOYBEANS COTTON U$D/bushel c/lb R$/USD 10,80 R$/USD 69,24 6,65 6,11 65% 60% 61% 54% Exchange Exchange Commodity Câmbio Commodity Câmbio Harvest 25/26 Harvest 25/26 Safra 24/25 ETHANOL CORN RECEIVABLES Safra 25/26 (farm sale) R$/m3 2.678 67% R$/sc 51% 54,14 46% 29% R
Slide 11: Key Figures
Key Figures Fiscal Year Highlights (R$ Thousand) Net Income (R$ Thousand) 77.832 7.837 (R$ thousand) 6M26 6M25 Change (7.092) (22.118) (46.115) Revenues from Operations 494.027 478.410 3% 21.762 2.897 10.633 5.161 (61.764) Revenues from Farm Sales - 129.301 n.a (107.933) (4.628) Price Cost Farm Adm.
Slide 12: Gross Income
GROSS INCOME Soybeans Corn Beans Sugarcane Gross Income by Crop 6M26 6M25 6M26 6M25 6M26 6M25 6M26 6M25 Quantity sold (tons) 91.141 79.085 73.851 42.396 1.504 896 971.466 1.340.673 Net Revenue 181.639 164.808 55.297 30.506 5.168 1.832 156.866 228.740 Derivatives Result 4.003 5.029 5.930 1.087 - - (5
Slide 13: Indebtedness
INDEBTEDNESS Net Financial Debt Amortization Schedule (R$ thousand) 12/30/2025 06/30/2025 Chg. (%) 94.12% CDI Short Term 361.478 355.841 2% Long Term 524.695 529.678 -1% Total Indebtedness 886.173 885.519 n.a R$686.3 million of (-) Cash and cash equivalents 73.250 159.816 -54% 886.173 Farmland sales
Slide 14: Disclaimer
Disclaimer The statements contained in this document related to business perspectives, projections on operating and financial results and those related to BrasilAgro's growth prospects are mere projections and, as such, are based exclusively on the board's expectations about the future of the busine
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