Segment Information (Tables)

12 Months Ended

Jun. 30, 2026

Schedule of Selected Statement of Operations and Assets Information by Segment

The selected statement of operation and assets information by segment, prepared under the same accounting practices used in the preparation of the financial statements, are as follows:

	2026
										Agricultural activity
	Total			Real Estate			Cattle raising			Grains			Cotton			Sugarcane			Others (a)			Not allocated
Net revenue		891,652			10,079			39,464			549,099			94,599			197,462			949			-
Gain on sale of farms		2,078			2,078			-			-			-			-			-			-
Changes in fair value of biological assets and agricultural products		32,080			-			834			73,076			(15,446	)		(23,063	)		(3,321	)		-
Adjustment to net realizable value of agricultural products after harvest, net		(1,074	)		-			-			(1,061	)		-			-			(13	)		-
Cost of sales		(828,422	)		(1,764	)		(38,967	)		(535,499	)		(97,810	)		(159,512	)		5,130			-
Gross income (loss)		96,314			10,393			1,331			85,615			(18,657	)		14,887			2,745			-
Operating income (expenses)
Selling expenses		(72,546	)		-			(267	)		(53,942	)		(18,248	)		(89	)		-			-
General and administrative expenses		(67,953	)		-			-			-			-			-			-			(67,953	)
Other operating income (expenses), net		(8,732	)		-			-			-			-			-			-			(8,732	)
Operating income (loss)		(52,917	)		10,393			1,064			31,673			(36,905	)		14,798			2,745			(76,685	)
Share of profit (loss) in a Joint Venture		(7	)		-			-			-			-			-			-			(7	)
Profit (loss) before financial result and taxes		(52,924	)		10,393			1,064			31,673			(36,905	)		14,798			2,745			(76,692	)
Financial results
Financial income		496,200			321,852			64			65,553			18,107			13,830			-			76,794
Financial expenses		(590,578	)		(364,941	)		(135	)		(52,894	)		(8,371	)		(15,844	)		-			(148,393	)
Profit (loss) before income and social contribution taxes		(147,302	)		(32,696	)		993			44,332			(27,169	)		12,784			2,745			(148,291	)
Income and social contribution taxes		57,293			(5,989	)		(338	)		(15,073	)		9,237			(4,347	)		(933	)		74,736
Net income (loss) for the year		(90,009	)		(38,685	)		655			29,259			(17,932	)		8,437			1,812			(73,555	)
Total assets		3,706,838			2,132,939			66,490			454,907			78,216			239,995			87,980			646,311
Total liabilities		1,681,529			425,644			-			786,121			56,294			120,772			-			292,698

(a)	Amount relating primarily to the allocation of labor and other costs from farm support areas, waste-related costs, and costs associated with other products (pearl millet, sorghum).

	2025
										Agricultural activity
	Total			Real estate			Cattle raising			Grains			Cotton			Sugarcane			Others			Corporate
Net revenue		877,443			9,325			25,470			431,978			87,890			322,189			591			-
Gain on sale of farms		180,086			180,086			-			-			-			-			-			-
Changes in fair value of biological assets and agricultural products		122,671			-			17,728			71,798			(5,421	)		41,812			(3,246	)		-
Adjustment to net realizable value of agricultural products after harvest, net		(8,069	)		-			-			(5,732	)		(2,174	)		-			(163	)		-
Cost of sales		(833,910	)		(2,151	)		(23,805	)		(422,135	)		(82,544	)		(284,684	)		(18,591	)		-
Gross income (loss)		338,221			187,260			19,393			75,909			(2,249	)		79,317			(21,409	)		-
Operating income (expenses)
Selling expenses		(59,511	)		(6,927	)		(466	)		(38,722	)		(13,369	)		(27	)		-			-
General and administrative expenses		(67,488	)		-			-			-			-			-			-			(67,488	)
Other operating income (expenses), net		(4,753	)		-			-			-			-			-			-			(4,753	)
Operating income (loss)		206,469			180,333			18,927			37,187			(15,618	)		79,290			(21,409	)		(72,241	)
Share of profit (loss) in a Joint Venture		(1,424	)		-			-			-			-			-			-			(1,424	)
Profit (loss) before financial result and taxes		205,045			180,333			18,927			37,187			(15,618	)		79,290			(21,409	)		(73,665	)
Financial results
Financial income		337,510			154,412			947			64,522			8,559			6,021			-			103,049
Financial expenses		(417,906	)		(190,499	)		(2,018	)		(33,249	)		(2,007	)		(17,857	)		-			(172,276	)
Net income (loss) before income and social contribution taxes		124,649			144,246			17,856			68,460			(9,066	)		67,454			(21,409	)		(142,892	)
Income and social contribution taxes		13,371			(13,326	)		(6,071	)		(23,276	)		3,082			(22,934	)		7,279			68,617
Net income (loss) for the year		138,020			130,920			11,785			45,184			(5,984	)		44,520			(14,130	)		(74,275	)
Total assets		3,834,877			2,375,913			68,279			437,265			129,965			255,144			80,913			487,398
Total liabilities		1,657,148			450,229			-			327,525			(152	)		6,101			-			873,445

	2024
										Agricultural activity
	Total			Real estate			Cattle raising			Grains			Cotton			Sugarcane			Other			Corporate
Net revenue		771,126			14,284			29,599			410,788			77,971			236,393			2,091			-
Gain on sale of farms		248,375			248,375			-			-			-			-			-			-
Changes in fair value of biological assets and agricultural products		40,499			-			(6,704	)		27,213			4,798			21,996			(6,804	)		-
Adjustment to net realizable value of agricultural products after harvest, net		(1,091	)		-			-			(552	)		(393	)		-			(146	)		-
Cost of sales		(747,019	)		(2,107	)		(30,026	)		(401,745	)		(73,519	)		(212,925	)		(26,697	)		-
Gross income (loss)		311,890			260,552			(7,131	)		35,704			8,857			45,464			(31,556	)		-
Operating income (expenses)
Selling expenses		(55,064	)		-			(428	)		(38,741	)		(9,494	)		(144	)		(6,257	)		-
General and administrative expenses		(65,534	)		-			-			-			-			-			-			(65,534	)
Other operating income (expenses), net		(5,427	)		-			-			-			-			-			-			(5,427	)
Operating income (loss)		185,865			260,552			(7,559	)		(3,037	)		(637	)		45,320			(37,813	)		(70,961	)
Share of profit (loss) in a Joint Venture		(58	)		-			-			-			-			-			-			(58	)
Profit (loss) before financial result and taxes		185,807			260,552			(7,559	)		(3,037	)		(637	)		45,320			(37,813	)		(71,019	)
Financial results
Financial income		312,916			152,042			801			84,695			6,215			4,071			-			65,092
Financial expenses		(307,208	)		(107,051	)		(808	)		(30,841	)		(4,458	)		(6,931	)		-			(157,119	)
Net income (loss) before income and social contribution taxes		191,515			305,543			(7,566	)		50,817			1,120			42,460			(37,813	)		(163,046	)
Income and social contribution taxes		35,352			(19,247	)		2,572			(17,278	)		(381	)		(14,436	)		12,857			71,265
Net income (loss) for the year		226,867			286,296			(4,994	)		33,539			739			28,024			(24,956	)		(91,781	)
Total assets		3,605,082			2,352,537			44,392			347,363			94,603			252,622			57,436			456,129
Total liabilities		1,425,403			394,973			-			169,670			9,400			26,080			-			825,280

Schedule of Revenues and Noncurrent Assets

Revenues and noncurrent assets, excluding financial instruments, income tax and social contribution, deferred assets and rights arising from insurance contracts of the Consolidated, are distributed as follows:

	Brazil						Paraguay and Bolivia
	2026		2025		2024		2026		2025		2024
Net revenue		811,056		813,303		693,617		80,596		64,140		77,509
Non-current		1,915,815		1,665,648		1,411,720		427,566		466,077		459,639