v3.26.3
Income and Social Contribution Taxes (Tables)
 12 Months Ended
Jun. 30, 2026
Income and Social Contribution Taxes [Abstract]  
Schedule of Deferred Income Tax and Social Contribution Tax Assets and Liabilities

Deferred income tax and social contribution tax assets and liabilities as of June 30, 2026, and 2025 are as follows:

 

    2026     2025  
Assets            
Tax carryfoward losses     268,866       205,319  
Biological assets     78       -  
Financial lease     53,498       43,653  
Contingency, bonuses and fair value     31,708       30,747  
Derivative financial instruments     334       560  
Allowance for expected credit losses     726       726  
Difference in cost of farms     170       170  
Share-based incentive plan (ILPA)     1,462       1,085  
Provision of other accounts payable and receivable     1,357       2,798  
Impairment of investment     1,654       1,654  
Subscription warrant     -       43  
      359,853       286,755  
Liabilities                
Noncurrent                
Biological assets     15,124       25,149  
Present value adjustment and other provisions     7,311       7,138  
Derivative financial instruments     3,145       2,950  
Surplus on investment     1,733       1,733  
Costs of transactions     2,126       1,949  
Provision of residual value and useful life of PPE assets     9,652       7,602  
Accelerated depreciation of assets for rural activity     105,275       92,428  
Deferred taxes on surplus value of PPE and investment property – Acquisition of Agrifirma     18,426       18,541  
      162,792       157,490  
Net balance     197,061       129,265  

The balances are presented in the balance sheet as follows:

 

Net deferred assets     229,292       166,145       88,031  
Net deferred liabilities     (32,231 )     (36,880 )     (19,719 )

 

The net change in deferred income tax is as follows:

 

At June 30, 2024     68,312  
         
Tax carryforward losses     41,966  
Adjustments in biological assets and agricultural products     11,681  
Financial lease     6,097  
Provisions for contingency and fair value     1,831  
Derivative financial instruments     (21,665 )
Costs of transactions     669  
Provision for other accounts payable and receivable     2,125  
Accelerated depreciation of assets for rural activity     (10,261 )
Deferred taxes on goodwill     (135 )
Share-based incentive plan (ILPA)     473  
Temporary differences related to PPE     (625 )
Acquisitions - business combination (Note 2.3)     28,797  
At June 30, 2025     129,265  
         
Tax losses     63,547  
Adjustments in biological assets and agricultural products     10,103  
Financial lease     9,845  
Provisions for contingency and fair value     788  
Derivative financial instruments     (421 )
Costs of transactions     (177 )
Provision for other accounts payable and receivable     (1,441 )
Accelerated depreciation of assets for rural activity     (12,847 )
Fair value of other significant liabilities     (43 )
Deferred taxes on goodwill     115  
Share-based incentive plan (ILPA)     377  
Temporary differences related to PPE     (2,050 )
At June 30, 2026     197,061  

 

The expected realization of deferred tax assets are as follows:

 

    2026  
2026     33,359  
2027     11,220  
2028     19,199  
2029     40,316  
2030 to 2035     255,759  
      359,853  

 
Schedule of Net Change in Deferred Income Tax

The net change in deferred income tax is as follows:

 

At June 30, 2024     68,312  
         
Tax carryforward losses     41,966  
Adjustments in biological assets and agricultural products     11,681  
Financial lease     6,097  
Provisions for contingency and fair value     1,831  
Derivative financial instruments     (21,665 )
Costs of transactions     669  
Provision for other accounts payable and receivable     2,125  
Accelerated depreciation of assets for rural activity     (10,261 )
Deferred taxes on goodwill     (135 )
Share-based incentive plan (ILPA)     473  
Temporary differences related to PPE     (625 )
Acquisitions - business combination (Note 2.3)     28,797  
At June 30, 2025     129,265  
         
Tax losses     63,547  
Adjustments in biological assets and agricultural products     10,103  
Financial lease     9,845  
Provisions for contingency and fair value     788  
Derivative financial instruments     (421 )
Costs of transactions     (177 )
Provision for other accounts payable and receivable     (1,441 )
Accelerated depreciation of assets for rural activity     (12,847 )
Fair value of other significant liabilities     (43 )
Deferred taxes on goodwill     115  
Share-based incentive plan (ILPA)     377  
Temporary differences related to PPE     (2,050 )
At June 30, 2026     197,061  
Schedule of Expected Realization of Deferred Tax Assets he expected realization of deferred tax assets are as follows:

 

    2026  
2026     33,359  
2027     11,220  
2028     19,199  
2029     40,316  
2030 to 2035     255,759  
      359,853  
Schedule of Income and Social Contribution Expenses
    2026     2025     2024  
Income before income and social contribution taxes     (147,302 )     124,648       191,515  
Combined nominal rate of income tax and social contribution taxes – %     34 %     34 %     34 %
      50,083       (42,380 )     (65,115 )
                         
Share of loss in a Joint Venture     (2 )     (484 )     (20 )
Management bonus     (619 )     (726 )     (596 )
Fair value variation of accounts receivable from sale of farms     3,404       3,744       (657 )
Non-deductible expenses     (34 )     (48 )     (140 )
Net effect of profit taxed abroad     -       (107 )     (307 )
Net effect of subsidiaries taxed whose profit is computed as a percentage of gross revenue (*)     7,755       56,057       96,914  
Other permanent addition/exclusion     (3,294 )     (2,685 )     5,273  
                         
Income and social contribution taxes for the year     57,293       13,371       35,352  
                         
Current     (10,503 )     (19,315 )     (23,474 )
Deferred     67,796       32,686       58,826  
      57,293       13,371       35,352  
Effective tax rate     -39 %     11 %     18 %

 

(*) For some real estate agencies, income tax is measured based on the presumed profit regime as a percentage of gross revenue, i.e., income tax is determined on a simplified base to calculate the taxable profit (32% for lease revenues, 8% from sale of farms and 100% for other earnings). This results in taxing the profit of subsidiaries at rate a lower rate than if taxable profit were based on pretax results on the accounting records.