Accounts Receivable and Others Assets

12 Months Ended

Jun. 30, 2026

Accounts Receivable and Others Assets [Abstract]

8. Accounts receivable and others assets

	Note		2026		2025
Trade accounts receivable		8.1		291,516		385,058
Recoverable taxes		8.2		25,641		15,648
Advances to suppliers				13,478		19,813
Other receivables				11,173		8,946
Total current				341,808		429,465

Trade accounts receivable		8.1		349,358		521,210
Recoverable taxes		8.2		115,494		76,089
Judicial deposits		28		5,616		6,544
Consortium				1,869		-
Total noncurrent				472,337		603,843

8.1 Trade accounts receivable

	2026			2025
Sale of sugarcane		27,387			45,800
Sale of grains and cottons		49,152			73,869
Sale of cotton		1,487			3,946
Sale of beef cattle		529			2,226
Leases of land		19,379			15,357
Sale of machinery		5,827			12,218
Sale of farms		191,235			235,419
		294,996			388,835

Allowance for expected credit losses		(3,480	)		(3,777	)

Total current		291,516			385,058

Sale of farms		349,358			521,210

Total noncurrent		349,358			521,210

a) Changes in accounts receivable from grain, cottons and soybean customers

	Grains			Cottons			Cattle			Sugarcane
Balance on June 30, 2024		41,587			2,534			1,196			43,953
Sales in year		442,530			90,583			26,457			325,265
Received		(409,994	)		(89,171	)		(25,427	)		(323,418	)
Write-off		(254	)		-			-			-
Balance on June 30, 2025		73,869			3,946			2,226			45,800
Sales in year		563,828			99,146			40,591			199,605
Received		(588,248	)		(101,605	)		(42,288	)		(218,018	)
Write-off		(297	)		-			-			-
Balance on June 30, 2026		49,152			1,487			529			27,387

b) Changes in the allowance credit losses from trade receivables:

At June 30, 2024	4,031
Allowance set up	16
Exchange variation	(270	)
At June 30, 2025	3,777
Allowance set up	(140	)
Exchange variation	(157	)
At June 30, 2026	3,480

c) Receivables by maturity

	2026		2025
Falling due:
Up to 30 days		76,943		112,576
31 to 90 days		54,943		82,070
91 to 180 days		20,693		42,594
181 to 360 days		138,837		143,437
Over 360 days		349,358		521,210
Past due:
Up to 30 days		93		3,995
31 to 90 days		-		26
91 to 180 days		7		-
181 to 360 days		-		360
Over 360 days		3,480		3,777
		644,354		910,045

d) Sales of sugarcane

Revenues from sugarcane are concentrated in three contracts. The credit risk associated with these contracts is assessed in accordance with the Company’s internal policy (Note 5.8.b).

All risks were covered during the period ended June 30, 2026, and there has been no history of default up to the date these financial statements were authorized for issuance.

e) Receivables from sale of farms

The total sales, amounts received, and amounts receivable from the sale of the farm are as follows:

	As of 2025		Sales		Receipts			Fair value adjustment (*)			Exchange variation			Transfer			As of 2026		Current		Non-current
Araucária VI		2,952		-		(1,275	)		6			-			-			1,683		1,683		-
Araucária VII		134,893		-		(43,870	)		(1,061	)		-			-			89,962		46,047		43,915
Jatobá II		9,423		-		(9,969	)		546			-			-			-		-		-
Jatobá III		3,685		-		(3,796	)		111			-			-			-		-		-
Jatobá V		8,981		-		(2,266	)		767			-			-			7,482		4,938		2,544
Jatobá VI		13,002		-		(1,893	)		788			-			-			11,897		11,479		418
Jatobá VII		57,297		-		(4,822	)		2,081			-			-			54,556		18,329		36,227
Alto Taquari IV		149,582		-		(36,224	)		(6,987	)		-			-			106,371		34,863		71,508
Chaparral I		219,792		-		(25,702	)		2,214			-			-			196,304		56,108		140,196
Preferência		101,620		-		(40,000	)		9,253			-			-			70,873		17,283		53,590
Fon Fon I		555		-		(209	)		(328	)		(18	)		-			-		-		-
Rio do Meio I		49,571		-		-			(2,438	)		-			(47,133	)		-		-		-
Rio do Meio II		5,276		1,005		(7,664	)		1,383			-			-			-		-		-
Marangatú		-		3,059		(1,583	)		(81	)		70			-			1,465		505		960
		756,629		4,064		(179,273	)		6,254			52			(47,133	)		540,593		191,235		349,358

(*)	The negative change in the period was due to the devaluation of the US dollar exchange rate, being one of the assumptions used in the calculation.

	As of 2024		Sales		Receipts			Fair value adjustment			Exchange variation			As of 2025		Current		Non-current
Araucária VI		5,538		-		(2,676	)		90			-			2,952		1,307		1,645
Araucária VII		177,549		-		(43,249	)		593			-			134,893		46,569		88,324
Jatobá II		61,288		-		(52,105	)		240			-			9,423		9,423		-
Jatobá III		23,809		-		(19,839	)		(285	)		-			3,685		2,402		1,283
Jatobá IV		3,792		-		(3,529	)		(263	)		-			-		149		(149	)
Jatobá V		20,684		-		(11,844	)		141			-			8,981		8,419		562
Jatobá VI		22,577		-		(9,892	)		317			-			13,002		7,103		5,899
Jatobá VII		79,736		-		(25,202	)		2,763			-			57,297		7,618		49,679
Alto Taquari III		2,312		-		(2,055	)		(257	)		-			-		-		-
Alto Taquari IV		57,764		123,274		(32,706	)		1,250			-			149,582		37,517		112,065
Chaparral I		254,985		-		(46,717	)		11,524			-			219,792		34,823		184,969
Preferência		-		104,238		(2,000	)		(618	)		-			101,620		39,496		62,124
Fon Fon I		564		-		-			-			(9	)		555		555		-
San Cayetano		168		-		(170	)		-			2			-		-		-
Rio do Meio I		56,626		-		(6,308	)		(747	)		-			49,571		40,038		9,533
Rio do Meio II		-		13,787		(8,747	)		236			-			5,276		-		5,276
Marangatú		2,693		-		(2,763	)		73			(3	)		-		-		-
		770,085		241,299		(269,802	)		15,057			(10	)		756,629		235,419		521,210

The Company entered into an agreement for the full termination of the purchase and sale agreement involving a portion of the Rio do Meio Farm, located in Correntina (Bahia) on a consensual basis, due to the purchaser’s default. The termination was carried out on a consensual basis, as the purchaser is currently undergoing judicial reorganization proceedings.

Upon implementation of the agreement, the Company transferred the receivables recorded under the “Rio do Meio I” line item and reincorporated 2,218.5 hectares of productive land as investment properties, recognized at their fair value of R$47,133.

8.2 Recoverable taxes

	2026		2025
Withholding income tax (IRRF) on financial investments to be offset		3,945		4,077
Income tax losses and social contribution carryforwards		-		17
Other recoverable taxes and contributions		26		1,315
Tax on value added - IVA – (Paraguay/Bolivia)		9,478		8,224
Other recoverable taxes		517		81
IRPJ/CSLL Estimative		11,675		1,934
Total current		25,641		15,648

ICMS recoverable		11,784		10,649
Non-cumulative PIS and COFINS to be offset		77,743		45,757
IRRF on financial investments to be offset		1,079		1,367
Tax on value added - IVA – (Paraguay/Bolivia)		24,887		18,160
Other recoverable taxes		1		156
Total noncurrent		115,494		76,089