BrasilAgro Companhia Brasileira de Propriedades Agrícolas (AGRO3) investor relations material

Company overview and operations

• Operates in acquisition, development, operation, and sale of rural properties for agriculture and livestock, producing soybeans, corn, beans, sugarcane, cotton, and cattle across six Brazilian states, Paraguay, and Bolivia.

• Manages a portfolio of 252,796 hectares, with 173,067 hectares cultivated in the 24/25 season and 2.7 million tons produced.

• Portfolio includes both owned (27%) and leased (73%) land, with 321,000 hectares acquired and R$1.8 billion invested in acquisition and development.

• Sold 156,000 hectares for R$2.8 billion, achieving IRRs between 9% and 56%.

• Portfolio currently valued at R$3.1 billion.

Financial performance and results

• Net sales revenue for 9M26 was R$639.8 million, down 18% year-over-year; adjusted EBITDA fell 78% to R$42.8 million.

• Net income from operations was negative R$76.1 million, with a net income margin of -12%.

• Farm sales revenue dropped 97% to R$4.1 million in 9M26.

• Adjusted net debt rose to R$209 million, with net debt/EBITDA at 1.82x.

• Dividend yield averaged 9.6% over the last five years.

Portfolio and land management

• 252,425 hectares under management, with 75% of arable area in production and 63% of arable area owned.

• Geographically diversified across Brazil, Paraguay, and Bolivia, with major crops including soybeans, corn, sugarcane, cotton, and pasture.

• Land maturity: 66% of production area has been operated for over five years.

• Historical portfolio value increased from R$1.3 billion in 17/18 to R$3.6 billion in 24/25.