BrasilAgro sells farmland at R$96.4M nominal value

The transaction's expected IRR is 26.2% in Brazilian reais and 20.9% in U.S. dollars.

Rhea-AI Filing Summary

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.

1 point · 0 major

PositiveiHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Expected R$51.5 million pre-tax gain in the first quarter of fiscal year 2026/2027.

Negative

• None.

Filing Explained

BrasilAgro reports that it has received the first sale installment of R$21.1 million; the remaining 563,312 soybean bags are due in four annual installments, so those future payments have not yet been received.

Key Figures

Area sold: 2,592.97 hectares, including 1,752.66 arable hectares Sale price: 425 soybean bags per arable hectare Nominal value: R$96.4 million +5 more

8 metrics

Area sold 2,592.97 hectares, including 1,752.66 arable hectares Rio do Meio Farm, Bahia

Sale price 425 soybean bags per arable hectare Rio do Meio Farm sale

Nominal value R$96.4 million Rio do Meio Farm sale

Present value R$78.8 million Rio do Meio Farm sale

Book value R$27.3 million Area sold

Expected pre-tax gain R$51.5 million Expected in the first quarter of fiscal year 2026/2027 (1Q27)

Area leased 383.44 arable hectares Rio do Meio Farm; excluded from the sale

Expected IRR 26.2% in Brazilian reais and 20.9% in U.S. dollars Rio do Meio Farm sale

Key Terms

arable hectares, Present value, Book value, Expected IRR, +1 more

5 terms

arable hectares technical

"1,752.66 are arable hectares"

Present value financial

"Present value R$78.8 million"

Present value is the current worth of a future stream of cash flows after adjusting for the time value of money, calculated by discounting each future payment back to today using a chosen discount rate. It matters to investors because it lets you compare amounts payable or receivable at different times on a common, today-based scale — like deciding whether one apple now is worth more or less than several apples later.

Book value financial

"Book value of the area R$27.3 million"

Book value is a company’s total assets minus its total liabilities as reported on the balance sheet; it represents the net accounting value that would remain for shareholders if the business sold its assets and paid off its debts. Investors use it as a benchmark to judge whether a stock looks cheap or pricey compared with that accounting baseline—like comparing a car’s resale “book” value to the price someone asks—and to assess firms with lots of tangible assets or potential liquidation value.

Expected IRR financial

"Expected IRR 26.2% in Brazilian reais"

purchase option financial

"grants the lessee a purchase option"

A purchase option is a contractual right that lets one party buy an asset, property, or securities at a pre‑agreed price during a specified period. For investors it matters because it provides the chance to lock in the right to acquire something later without committing now—like reserving the option to buy a house at today’s price—so you can benefit if value rises while limiting immediate exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What gain does BrasilAgro (LND) expect from the Rio do Meio sale?

BrasilAgro expects to recognize a pre-tax gain of R$51.5 million in the first quarter of fiscal year 2026/2027 (1Q27). The sale covers 2,592.97 hectares, including 1,752.66 arable hectares.

How is BrasilAgro (LND) receiving payment for the Rio do Meio sale?

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 balance of 563,312 soybean bags will be paid in four annual installments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 09/30/2026 - 08:22 AM Accepted by SEC EDGAR 09/30/2026 - 08:21 AM Learn about SEC filing dates

FORM 6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934

dated September 29, 2026

BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS
(Exact Name as Specified in its Charter)

BrasilAgro – Brazilian Agricultural Real Estate Company

(Translation of Registrant’s Name)

Avenida Rebouças, 2942, 6th floor

(Address of principal executive offices)

Gustavo Javier Lopez,

Chief Financial and Investor Relations Officer,

Tel. +55 11 3035 5350, Fax +55 11 3035 5366, ri@brasil-agro.com

1309 Av. Brigadeiro Faria Lima, 5^th floor

São Paulo, São Paulo 01452-002, Brazil

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒    Form 40-F ☐

'1 Material Fact BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS Publicly-Held Company with Authorized Capital CNPJ/MF No. 07.628.528/0001-59 NIRE 35.300.326.237 Sale and Lease of Areas of Rio do Meio Farm, in Bahia BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (the "Company") (B3: AGRO3) (NYSE: LND), in compliance with Article 157, paragraph 4, of Law No. 6,404/76 and CVM Resolution No. 44/21, hereby announces the sale of 2,592.97 hectares, of which 1,752.66 are arable hectares, of Rio do Meio Farm, located in Correntina, State of Bahia. The Company has also leased another 383.44 arable hectares, under an agreement that grants the lessee a purchase option. Indicator Sale Arable area sold 1,752.66 ha Price 425 soybean bags/arable ha Nominal value R$96.4 million (~R$55.0 thousand/arable ha) Present value R$78.8 million (~R$45.0 thousand/arable ha) Book value of the area R$27.3 million (~R$15.6 thousand/arable ha) Expected IRR 26.2% in Brazilian reais and 20.9% in U.S. dollars Payment terms The Company has already received the first installment, of 181,568.50 soybean bags, equivalent to approximately 24% of the total contract volume. This installment amounted to R$21.1 million. The remaining balance of 563,312 soybean bags will be paid in four annual installments. Impact on results The present value of the sale, R$78.8 million, is approximately 2.9 times the book value of the area, R$27.3 million. The book value comprises R$22.6 million in acquisition cost and R$4.7 million in investments, net of depreciation. The Company expects to recognize a pre-tax gain of R$51.5 million in the first quarter of fiscal year 2026/2027 (1Q27).

'2 Lease with purchase option BrasilAgro has also entered into a lease agreement for 383.44 arable hectares of Rio do Meio Farm, expiring in June 2030. The lessee may exercise a purchase option until March 2028, at a price of 425 soybean bags per arable hectare. The leased area is not part of the sale announced in this material fact. Should the option be exercised and the sale be completed, the Company will inform the market in due course. BrasilAgro acquired Rio do Meio Farm in 2020 to develop its productive and real estate potential. Since then, the Company has invested in the property, generated results from agricultural production and sold areas at different times. The transaction now announced is in line with this strategy of capturing the appreciation of developed land. São Paulo, September 29, 2026. Gustavo Javier Lopez CFO & IRO

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 29, 2026	By:	/s/ Gustavo Javier Lopez
		Name:	Gustavo Javier Lopez
		Title:	CFO and IRO

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