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SLC Agrícola (SLCE3) investor relations material
SLC Agrícola Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Market overview and crop year outlook
Soybean prices for May 2026 are at $11.59/bu, with a forecasted US planted area down 7% but yield up 4.5% for 2025/26 vs 2024/25; global supply and demand remain tight.
Corn prices for May 2026 are at $4.62/bu, with US planted area up 8.7% and yield up 4.0% for 2025/26; production and consumption gaps persist.
Cotton prices for June 2026 are at 71.7 cents/lb, with US planted area down 17% and yield down 3.4% for 2025/26.
Planted area is expected to grow 13.8% in 2025/26, reaching 837,000 ha, with significant increases in soybean, cotton, and corn areas.
Weather forecasts indicate a higher probability of El Niño conditions through mid-2026, impacting precipitation patterns.
Mergers, acquisitions, and land strategy
Acquired Sierentz (100k ha) for USD 129M, with 60% paid in 2025; spun off 63k ha for R$191.2M.
Land acquisitions include Paladino Farm (39,987 ha, BA) at a 34% discount and Unai Farm (7,835 ha, MG) at a 50% discount.
Mitsui minority stake acquired for R$103M, adding 27k ha to the controller result.
Joint venture with FIPS for Piratini Farm and irrigation, with R$1.033 billion invested and 28k ha to be irrigated.
Irrigation projects will increase irrigated area by 70%, focusing on Bahia state.
Financial performance and debt
Adjusted net debt rose to R$5.24B in 2025, with net debt/EBITDA at 1.97x.
Adjusted EBITDA reached R$2.67B in 2025, with a margin of 31%; net profit was R$482M with a 7% margin.
Debt profile is 22% short-term and 78% long-term, with R$2.65B in cash.
- Net revenue up 23.7% to R$8.6B, record yields and expansion drive growth amid volatility.SLCE3
Q4 202512 Mar 2026 - Cotton strength and land expansion offset weak soybeans, with costs per hectare set to fall.SLCE3
Q2 20242 Feb 2026 - Net income fell 51% in 9M24 as planted area expands 11% and costs drop for 2024/25.SLCE3
Q3 202414 Jan 2026 - Revenue and net income fell, but planted area and cotton sales hit records; expansion continues.SLCE3
Q4 20242 Dec 2025 - Record revenue and EBITDA in 1H25, with robust yields and expanded land portfolio.SLCE3
Q2 202523 Nov 2025 - Net income rose 123% in Q1 2025 as margins expanded and asset-light growth accelerated.SLCE3
Q1 202519 Nov 2025 - Record revenue and EBITDA, strong yields, and a major land monetization partnership in 9M25.SLCE3
Q3 20257 Nov 2025
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