The Group uses the optional exemption to not recognize a right of use asset and lease liability for short term (less than 12 months) and low value leases. The average discount rate used for measuring lease liabilities was 5.55% p.y. for the nine-month period ended September 30, 2026 (5.45% p.y. for the nine-month period ended September 30, 2025).


	Balance at January 1, 2026	Additions (1)	Terminated contracts	Amortization	Exchange rate variation	Balance at September 30, 2026
Growing facilities	652,811	136,654	(5,132)	(110,786)	22,820	696,367
Buildings	634,164	135,056	(24,479)	(79,715)	11,999	677,025
Computer equipment	14,742	(128)	—	(3,801)	940	11,753
Machinery and equipment	98,983	35,012	(5,521)	(37,507)	3,363	94,330
Operating plants	8,110	3,331	(588)	(2,231)	409	9,031
Land	18,441	614	(98)	(2,479)	481	16,959
Vehicles (land)	186,396	57,517	(6,451)	(60,122)	3,214	180,554
Concession Agreement	—	9,626	—	(602)	(77)	8,947
	1,613,647	377,682	(42,269)	(297,243)	43,149	1,694,966


	Balance at January 1, 2025	Additions (1)	Terminated contracts	Amortization	Exchange rate variation	Balance at September 30, 2025
Growing facilities	632,267	117,112	(25,095)	(109,866)	53,580	667,998
Buildings	638,981	73,042	(25,841)	(71,438)	36,785	651,529
Computer equipment	5,371	6,474	—	(1,468)	806	11,183
Machinery and equipment	106,597	23,411	(4,968)	(38,659)	10,363	96,744
Operating plants	8,622	1,685	(150)	(2,386)	1,298	9,069
Land	15,999	3,965	(81)	(2,078)	415	18,220
Vehicles (land)	189,036	60,683	(12,385)	(53,616)	5,305	189,023
Concession Agreement	—	3,780	—	(2,935)	192	1,037
	1,596,873	290,152	(68,520)	(282,446)	108,744	1,644,803

(1)The additions have been reduced by the tax effect. The tax impact is US$(4,389) and US$(3,821) respectively as of September 30, 2026 and 2025.


	September 30, 2026	December 31, 2025
Lease liabilities	1,859,123	1,767,285

Breakdown:
Current liabilities	378,447	354,887
Non-current liabilities	1,480,676	1,412,398
	1,859,123	1,767,285


	Balance at January 1, 2026	Additions	Interest accrual	Payments	Terminated contracts	Exchange rate variation	Balance at September 30, 2026
Lease liabilities	1,767,285	383,286	84,320	(373,829)	(47,370)	45,431	1,859,123


	Balance at January 1, 2025	Additions	Interest accrual	Payments	Terminated contracts	Exchange rate variation	Balance at September 30, 2025
Lease liabilities	1,734,029	306,439	77,089	(362,028)	(84,837)	127,006	1,797,698

The maturity schedule of the non-current portion of lease liabilities is presented in section d. Liquidity risk of Note 25 - Risk management and financial instruments.


	2026	2025
Variable lease payments	616,260	493,043
Short-term leases	100,462	119,834
Leases of low-value assets	2,280	1,734
	719,002	614,611