Brasilagro SEC Filings

BrasilAgro (LND) updated its 2025/26 harvest estimates, noting a favorable outlook for crop mix and planted area, while cautioning that inconsistent rainfall could affect planting schedules and the second harvest.

Sugarcane is now projected at about 1.7 million tons with TCH of 67.78 for 2025. The company also adjusted cattle raising after the sale of Fazenda Preferência, with estimated 25/26 figures showing 8,649 hectares, 11,567 heads, and 1,909,570 kg of meat production. Planted area across crops remains broadly stable, near 173 thousand hectares.

For grains, estimated 25/26 production includes soybeans of 252,022 tons, corn of 64,872 tons, and second-crop corn of 99,230 tons. Production costs per hectare for 25/26 are estimated at R$5,247 for soybeans and R$4,698 for corn, with cotton at R$12,303 and sugarcane at R$11,735. The company emphasized these are hypothetical estimates and not a performance promise.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (LND) filed its annual report on Form 20‑F for the fiscal year ended June 30, 2025. The company’s ADSs, each representing one ordinary share, trade on the NYSE under LND. Financial statements are prepared under IFRS, with the Brazilian real as functional currency. Dividends, when paid in cash, are in reais, and conversion exposes ADS holders to exchange-rate effects; the selling rate was R$5.4571 per US$1.00 on June 30, 2025 and R$5.3186 on September 30, 2025.

The filing highlights key risks typical of Brazilian agribusiness: commodity and FX volatility, seasonality, logistics constraints, and environmental compliance. Customer concentration increased: in the year ended June 30, 2025, three customers accounted for 52.9% of revenue; two customers made up 50% of grain/cotton revenue and one customer 64% of sugarcane revenue. The report notes legal limits on foreign ownership of rural land, potential impacts from tariffs and geopolitics, reliance on third‑party contractors, and continued use of hedging. The company is an emerging growth company and may use certain reporting exemptions.

BrasilAgro (LND)BRL 138,019,098.80.

The Company declared total dividends of BRL 75,000,000.00, equal to BRL 0.75289521 per share as of June 30, 2025, comprising mandatory dividends of BRL 32,779,535.97 and additional dividends of BRL 42,220,464.04. Dividends are payable within 60 days to holders of record at the end of trading on the meeting date, with shares trading ex-dividend from October 23, 2025.

Other allocations included a legal reserve of BRL 6,900,954.94 and BRL 56,118,143.86 to an Investment and Expansion Reserve. Governance actions set the Board of Directors at nine members and elected directors and fiscal council members. Compensation approvals included BRL 386,987.00 for the Fiscal Council and a global management limit of BRL 17,896,938.00. Bylaws were amended, confirming capital of BRL 1,587,987,665.07 divided into 102,683,444 common shares and updating takeover-related provisions.

Kopernik Global Investors, LLC and its controlling member David B. Iben have filed a Schedule 13G disclosing a passive stake in BrasilAgro (NYSE: LND). As of 30 June 2025, the reporting persons beneficially own 5,161,700 common shares (held as ADSs), representing 5.03 % of the company’s outstanding equity (based on 102.7 M shares reported in the issuer’s 6-K dated 8 May 2025).

The holding is entirely shared: 4,643,600 shares carry shared voting power and 5,161,700 shares carry shared dispositive power; neither party has sole voting or dispositive authority. Kopernik is classified as an investment adviser (IA); Mr. Iben is reported as a parent holding/control person (HC). Both certify the stake is held in the ordinary course of business and not for the purpose of influencing control.

The disclosure crosses the 5 % threshold that triggers a Schedule 13G filing but contains no indication of activist intent, additional transactions, or changes to BrasilAgro’s operations.