| Schedule of Derivative Financial Instruments |
| | | 2025 | | | | | Consolidated | | | | | Book Value | | | Volume / Position | | | Derivative instruments | | Long | | | Short | | | Net | | | Long | | | Short | | | Net | | | Unit | | | Options | | | 652 | | | | (720 | ) | | | (68 | ) | | | 3,800 | | | | (7,600 | ) | | | (3,800 | ) | | | US$ | | | NDF | | | 17,692 | | | | (1,565 | ) | | | 16,127 | | | | - | | | | (74,615 | ) | | | (74,615 | ) | | | US$ | | | Soybean - Futures | | | 1,224 | | | | (1,906 | ) | | | (682 | ) | | | 1,463,970 | | | | (2,829,650 | ) | | | (1,365,680 | ) | | | bags | | | Soybean - Structured products | | | - | | | | (810 | ) | | | (810 | ) | | | - | | | | (560,161 | ) | | | (560,161 | ) | | | bags | | | Basis - Futures | | | - | | | | (876 | ) | | | (876 | ) | | | - | | | | (233,589 | ) | | | (233,589 | ) | | | bags | | | Corn - Put Options | | | 3,623 | | | | - | | | | 3,623 | | | | 216,354 | | | | - | | | | 216,354 | | | | bags | | | Corn - Futures | | | 3,978 | | | | - | | | | 3,978 | | | | - | | | | (607,050 | ) | | | (607,050 | ) | | | bags | | | Corn - Structured products | | | 591 | | | | - | | | | 591 | | | | - | | | | (88,446 | ) | | | (88,446 | ) | | | bags | | | Cotton - Structured products | | | 1,050 | | | | - | | | | 1,050 | | | | - | | | | (10,330,050 | ) | | | (10,330,050 | ) | | | lbs. | | | Cotton - Call Options | | | - | | | | (11 | ) | | | (11 | ) | | | - | | | | (6,350,000 | ) | | | (6,350,000 | ) | | | lbs. | | | Cotton - Futures | | | 2,293 | | | | (141 | ) | | | 2,152 | | | | - | | | | (10,922,350 | ) | | | (10,922,350 | ) | | | lbs. | | | Fattened cattle - Futures | | | 23 | | | | - | | | | 23 | | | | - | | | | (1,650 | ) | | | (1,650 | ) | | | @ | | | Ethanol - Futures | | | 4 | | | | (7,181 | ) | | | (7,177 | ) | | | - | | | | (58,800 | ) | | | (58,800 | ) | | | M^3 | | | TRS - Future | | | 526 | | | | (512 | ) | | | 14 | | | | - | | | | (30,336,000 | ) | | | (30,336,000 | ) | | | kg | | | Swap | | | 8,496 | | | | (19,402 | ) | | | (10,906 | ) | | | 531,741,790 | | | | (531,741,790 | ) | | | - | | | | R$ | | | Margin deposited | | | 430 | | | | - | | | | 430 | | | | - | | | | - | | | | - | | | | - | | | Total Risks - Derivatives | | | 40,582 | | | | (33,124 | ) | | | 7,458 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total - Current | | | 29,609 | | | | (15,492 | ) | | | | | | | | | | | | | | | | | | | | | | Total - non-current | | | 10,973 | | | | (17,632 | ) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Results on June 30, 2025 (Note 26) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Realized | | | 69,737 | | | | (112,456 | ) | | | | | | | | | | | | | | | | | | | | | | Unrealized | | | 110,798 | | | | (47,080 | ) | | | | | | | | | | | | | | | | | | | | | | | | 2026 | | | | | Consolidated | | | | | Book Value | | | Volume / Position | | | Derivative instruments | | Long | | | Short | | | Net | | | Long | | | Short | | | Net | | | Unit | | | NDF | | | 9,072 | | | | (1,028 | ) | | | 8,044 | | | | 1,918 | | | | (47,492 | ) | | | (45,574 | ) | | | US$ | | | USD – Structured products | | | 1,058 | | | | (385 | ) | | | 673 | | | | - | | | | (8,800 | ) | | | (8,800 | ) | | | US$ | | | Soybean – Call Options | | | - | | | | (1,575 | ) | | | (1,575 | ) | | | - | | | | (362,857 | ) | | | (362,857 | ) | | | bags | | | Soybean - Futures | | | 2,636 | | | | (1,525 | ) | | | 1,111 | | | | 666,750 | | | | (2,420,937 | ) | | | (1,754,187 | ) | | | bags | | | Soybean – Structured products | | | 92 | | | | - | | | | 92 | | | | - | | | | (83,911 | ) | | | (83,911 | ) | | | bags | | | Corn - Futures | | | 922 | | | | - | | | | 922 | | | | - | | | | (212,947 | ) | | | (212,947 | ) | | | bags | | | Corn – Structured products | | | 342 | | | | - | | | | 342 | | | | - | | | | (587,373 | ) | | | (587,373 | ) | | | bags | | | Cotton – Call Options | | | - | | | | (179 | ) | | | (179 | ) | | | - | | | | (2,150,000 | ) | | | (2,150,000 | ) | | | lbs. | | | Cotton – Put Options | | | 140 | | | | - | | | | 140 | | | | 2,150,000 | | | | - | | | | 2,150,000 | | | | lbs. | | | Cotton - Futures | | | 380 | | | | (2,033 | ) | | | (1,653 | ) | | | 2,150,000 | | | | (7,400,000 | ) | | | (5,250,000 | ) | | | lbs. | | | Fed cattle - Futures | | | - | | | | - | | | | - | | | | - | | | | (31,680 | ) | | | (31,680 | ) | | | @ | | | Ethanol – Call Options | | | - | | | | (1,826 | ) | | | (1,826 | ) | | | - | | | | (6,600 | ) | | | (6,600 | ) | | | m^3 | | | Ethanol - Futures | | | 7 | | | | (247 | ) | | | (240 | ) | | | - | | | | (16,200 | ) | | | (16,200 | ) | | | m^3 | | | TRS - Future | | | 903 | | | | - | | | | 903 | | | | - | | | | (6,000,000 | ) | | | (6,000,000 | ) | | | kg | | | Swap | | | 20,561 | | | | (19,048 | ) | | | 1,513 | | | | 415,433 | | | | (415,433 | ) | | | - | | | | R$ | | | Margin deposited | | | 173 | | | | (1,228 | ) | | | (1,055 | ) | | | - | | | | - | | | | - | | | | - | | | Total Risks - Derivatives | | | 36,286 | | | | (29,074 | ) | | | 7,212 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total - Current | | | 15,163 | | | | (9,456 | ) | | | | | | | | | | | | | | | | | | | | | | Total – non-current | | | 21,123 | | | | (19,618 | ) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Results on June 30, 2026 (Note 26) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Realized | | | 103,247 | | | | (90,008 | ) | | | | | | | | | | | | | | | | | | | | | | Unrealized | | | 30,861 | | | | (29,623 | ) | | | | | | | | | | | | | | | | | | | | | | | | | 134,108 | | | | (119,631 | ) | | | | | | | | | | | | | | | | | | | | |
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