BrasilAgro – Brazilian Agricultural Real Estate Co. shareholders approved interim dividends and the merger of Agrifirma Agro Ltda. into BrasilAgro. BrasilAgro already owned 100% of Agrifirma’s quotas; the merger will transfer Agrifirma’s assets, rights and obligations to BrasilAgro, extinguish the subsidiary and will not increase BrasilAgro’s share capital.
If the required corporate approvals are obtained by October 31, 2026, the merger is scheduled to take effect that day. Agrifirma’s net assets were valued at R$150.388 million as of June 30, 2026, using book value. The approved interim dividends are based on the Investment and Expansion Reserve and are payable within 30 days after the October 21, 2026 meeting. Shareholders holding shares at the close of trading on October 21 are eligible; shares trade ex-dividend beginning October 22.
BrasilAgro (LND) declared interim dividends totaling R$ 30,000,000.00, equivalent to R$ 0.30115808232 per common share, excluding treasury shares. Payment is to begin November 16, 2026, based on shareholders’ positions at the close of trading on October 21, 2026. Shares trade ex-dividends from October 22, 2026.
The company states that distributions may be subject to taxation, including withholding income tax at source. Dividends not claimed within three years from the date they are made available are forfeited in favor of the company.
BrasilAgro - Brazilian Agricultural Real Estate Co (LND) director Alejandro Gustavo Elsztain reported four direct purchases totaling 56,750 American Depositary Receipts: 15,000 at $3.4829 each on September 30, 2026; 15,000 at $3.4349 on October 1; 15,000 at $3.4765 on October 2; and 11,750 at $3.7261 on October 5. No Rule 10b5-1 plan is reported.
BrasilAgro (LND) sold 2,592.97 hectares of Rio do Meio Farm in Bahia, including 1,752.66 arable hectares. The sale price is 425 soybean bags per arable hectare; the nominal value is R$96.4 million, the present value is R$78.8 million and the book value is R$27.3 million. The company states that the present value is approximately 2.9 times the book value. BrasilAgro expects to recognize a pre-tax gain of R$51.5 million in the first quarter of fiscal year 2026/2027 (1Q27).
The first installment was 181,568.50 soybean bags, approximately 24% of the total contract volume, and amounted to R$21.1 million. The remaining 563,312 soybean bags will be paid in four annual installments. Separately, BrasilAgro leased 383.44 arable hectares of the farm, an area excluded from the sale. The lease expires in June 2030, and the lessee may exercise a purchase option until March 2028 at 425 soybean bags per arable hectare. BrasilAgro acquired Rio do Meio Farm in 2020 and has since invested in the property, generated results from agricultural production and sold areas at different times.
BrasilAgro – Brazilian Agricultural Real Estate Co (LND) called an Annual and Extraordinary General Meeting for October 21, 2026 to approve the June 30, 2026 financial statements, a R$ 30.0 million dividend from the Investment and Expansion Reserve (R$ 0.3012 per share), Fiscal Council elections and 2026/27 management compensation. Shareholders are also asked to approve the merger of wholly owned subsidiary Agrifirma Agro Ltda. into BrasilAgro, with all Agrifirma assets and liabilities absorbed at book value and no capital increase, effective October 31, 2026 if approvals are obtained.
For fiscal 2026, BrasilAgro reported a net loss of R$ 90.0 million, versus net income of R$ 138.0 million in 2025, mainly due to a sharp drop in farm-sale gains (R$ 2.1 million vs. R$ 180.1 million) and higher interest expense in a high-rate environment. Core farming operations improved: Adjusted EBITDA from operations (excluding farm sales) rose 11% to R$ 97.3 million, supported by stronger soybean and corn performance. Operating cash flow increased 69% to R$ 120.8 million, cash and securities reached R$ 203.2 million, and adjusted net debt stood at R$ 280.5 million, equal to 2.82x Adjusted EBITDA and 7% of NAV, which management views as a comfortable liquidity position.
BrasilAgro – Brazilian Agricultural Real Estate Co (LND) is calling an Annual and Extraordinary General Meeting for October 21, 2026, to be held exclusively in digital format via the Ten Meetings platform. At the annual portion, shareholders will review the management accounts and financial statements for the fiscal year ended June 30, 2026, and vote on the distribution of BRL 30,000,000.00 in interim dividends drawn from the Investment and Expansion Reserve, as well as set the Fiscal Council’s composition, elect its members, and establish compensation limits for management and the Fiscal Council.
At the extraordinary portion, shareholders will examine and vote on the merger of Agrifirma Agro Ltda. into BrasilAgro under a Protocol and Justification, ratify the appointment of Athros Auditores Independentes as the appraisal firm, approve the appraisal report at book value, and authorize management to implement the merger if approved. The meeting uses virtual participation and remote voting, with registration for online attendance required by October 19, 2026, and distance voting ballots due by October 17, 2026.
BrasilAgro - Brazilian Agricultural Real Estate Co (LND) outlines operational estimates for the 2026/2027 harvest, planning a total planted area of 165,208 hectares, about 1% below 2025/2026. The planting plan was revised by crop and region given lower commodity prices and an expected strong El Niño.
The crop mix shifts materially: first-crop cotton area is cut by 70%, second-crop beans are discontinued, soybean area falls 5%, while first-crop corn rises 22%, second-crop cotton rises 36% (mostly irrigated), and pasture expands 21%. Estimated grain and cotton production reaches 452.9 thousand tons, about 6% above 2025/2026 realized volumes, driven mainly by soybeans and corn.
For sugarcane, 2026 harvest-year tons harvested are estimated at 2,176,350, up 25% versus 2025, with higher tons per hectare. Cattle operations are expected to grow, with the herd projected to rise to 15,554 head and meat production to 2,363,446 kg, a 62% increase. The company also provides per-hectare production cost estimates by crop and emphasizes that all figures are hypothetical estimates, not performance promises.
BrasilAgro - Brazilian Agricultural Real Estate Co (LND) reported mixed results for the year ended June 30, 2026. Operating net revenue from agricultural products rose to R$891.7 million, up 2% year over year, driven mainly by higher soybean and corn sales and volumes. Adjusted EBITDA from operations (excluding farm sales) increased 11% to R$97.3 million, supported by better crop yields, lower unit costs for grains and positive derivatives results.
Including the much smaller contribution from real estate disposals, Total Adjusted EBITDA fell to R$99.3 million from R$267.3 million, as farm-sale gains dropped sharply after a very strong prior year. The company posted a net loss of R$90.0 million, versus net income of R$138.0 million a year earlier, mainly due to lower real estate gains and higher financial expenses.
BrasilAgro’s property portfolio had an internal market value of R$3.34 billion, up 8.2%, and NAV per share (ex-treasury) was R$38.17. Adjusted net debt reached R$280.5 million, or 2.82x last-12-month Adjusted EBITDA, and management proposed dividends of R$30.0 million (R$0.3012 per share), subject to shareholder approval.
BrasilAgro - Brazilian Agricultural Real Estate Co director Gustavo Javier Lopez reported acquiring 4,000 AGRO3 shares on 2026-07-20 at $3.84 per share in a non-derivative transaction. After this trade, he directly owns 78,266 shares. The transaction was not made under a Rule 10b5-1 plan.
BrasilAgro - Brazilian Agricultural Real Estate Co director Gustavo Javier Lopez sold 2,000 AGRO3 shares in an open-market transaction at $3.49 per share. After this sale, he continues to hold 82,266 shares directly, indicating this was a relatively small change in his overall position.