Terra Santa Propriedades Agricolas SaBMFBOVESPA: LAND3

Terra Santa Propriedades Agrícolas: 2Q24 saw a sharp revenue drop, net loss, and lower EBITDA, but net debt was significantly reduced

· Issued by Terra Santa Propriedades Agricolas SA

Net revenue fell 28.5% year-over-year in 2Q24 due to lower soybean prices, resulting in a net loss of R$694 thousand and a 59.8% drop in EBITDA. Net debt was reduced by 37.5% to R$67.7 million, and 80% of 2024/25 lease revenue is hedged against FX volatility.

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