Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (Brazil) (LND) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. We are here once again to disclose our earnings for Brasagra. Today we're going to talk about the closing of our period from 31st of March 2025, the nine months accumulated for our harvest year 24-25. Good morning, everyone. Today I have André, our CEO, and Gustavo Lopes, our CFO. For those listening in English, we have the presentation available on the chat in the English version. And at the end, we'll also open up to Q&A. I'll turn it over to André and have a great call. Good morning, everyone. Thank you, Ana Paula. Thank you, everyone, once again for being with us, listening to the results. I'm going to tell you how we've been performing in the third quarter. Everyone knows this is a year with a lot of volatility. especially volatility in the currency. And we're going to share a bit of the strategies in the company and how the company has been able to really deliver the expected results to our shareholders. So the highlights, as we always start off with them, they're 870 million of net revenue in the first nine months, 195 in adjusted EBITDA, a year of a lot of volatility. and 76 million in net income. Basically, we'll get into this soon. Then after, it's good to always remember a bit of the history. When we defined the budget back then, we had at that moment a dollar of 490, 480. Then we were very aggressive because we look at the focus... news estimates, and they were talking about 520, 530 by the end of the year, and we thought it would not be possible to have such a difference in value, and we budgeted 530. The campaign we're working on, we considered a $530 in the beginning of the year. We had a challenge to reach 530, and then for 490, we reached 640 and went back to 570. So a lot of volatility, and the company was really keeping thei...