BrasilAgro SEC Filings

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is calling an exclusively digital annual and extraordinary shareholders’ meeting for October 22, 2025 to vote on its June 30, 2025 financial statements, profit allocation, board and fiscal council elections, management compensation, and minor bylaw amendments.

For the fiscal year, the company reported net income of BRL 138.0 million, down from BRL 226.9 million, on net sales revenue of BRL 877.4 million and strong gains from farm sales of BRL 180.1 million. Management proposes total dividends of BRL 75.0 million, equal to BRL 0.75289521 per share and 57.20% of adjusted net income, with the balance of BRL 56.1 million allocated to an investment and expansion reserve. Shareholders will also vote on keeping the board at nine members, reelecting most current directors and fiscal council members, and approving a global management pay cap of BRL 17.9 million for the year starting July 1, 2025.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is calling an exclusively digital annual and extraordinary shareholders’ meeting for October 22, 2025 to vote on its June 30, 2025 financial statements, profit allocation, board and fiscal council elections, management compensation, and minor bylaw amendments.

For the fiscal year, the company reported net income of BRL 138.0 million, down from BRL 226.9 million, on net sales revenue of BRL 877.4 million and strong gains from farm sales of BRL 180.1 million. Management proposes total dividends of BRL 75.0 million, equal to BRL 0.75289521 per share and 57.20% of adjusted net income, with the balance of BRL 56.1 million allocated to an investment and expansion reserve. Shareholders will also vote on keeping the board at nine members, reelecting most current directors and fiscal council members, and approving a global management pay cap of BRL 17.9 million for the year starting July 1, 2025.

BrasilAgro is calling its annual and extraordinary general meeting for shareholders to be held exclusively in digital format at 12 p.m. (UTC-3) on October 22, 2025, using the Ten Meetings online platform. The meeting will be accessed through a specific electronic address and will follow Brazilian corporate law and Brazilian Securities Commission rules.

To participate virtually, shareholders, legal representatives, or proxies must register on the platform by October 20, 2025, providing identification details and supporting documents. The company will also use a remote voting system through distance voting ballots, which must be submitted by October 18, 2025, via custody agents, the share registrar, the central depository, or directly to BrasilAgro. Shareholders holding at least 5% of the voting capital may request adoption of the multiple voting procedure for electing the board of directors, and this request must be made by 12 p.m. on October 20, 2025.

BrasilAgro is calling its annual and extraordinary general meeting for shareholders to be held exclusively in digital format at 12 p.m. (UTC-3) on October 22, 2025, using the Ten Meetings online platform. The meeting will be accessed through a specific electronic address and will follow Brazilian corporate law and Brazilian Securities Commission rules.

To participate virtually, shareholders, legal representatives, or proxies must register on the platform by October 20, 2025, providing identification details and supporting documents. The company will also use a remote voting system through distance voting ballots, which must be submitted by October 18, 2025, via custody agents, the share registrar, the central depository, or directly to BrasilAgro. Shareholders holding at least 5% of the voting capital may request adoption of the multiple voting procedure for electing the board of directors, and this request must be made by 12 p.m. on October 20, 2025.

BrasilAgro reports a stronger 2024/25 crop year despite difficult weather. Net revenue reached R$ 1.2 billion, up 5% year over year, driven by R$ 877.4 million from agricultural products and R$ 241.3 million from farmland sales.

Net income totaled R$ 138.0 million, while adjusted EBITDA came to R$ 267.3 million, supported by better margins in soybeans and sugarcane. The company completed the sale of Fazenda Preferência for R$ 141.4 million, generating an estimated 9.3% annual IRR and contributing to about R$ 1.9 billion in farmland sales over five years.

BrasilAgro’s property portfolio was appraised at about R$ 3.5 billion, reflecting an 18% five-year CAGR in land value. Weather and operational issues reduced grain and cotton output versus estimates, but diversification into sugarcane and cattle, plus active hedging, helped preserve overall profitability.

BrasilAgro (LND) outlines its initial operating estimates for the 2025/2026 crop year, keeping total planted area at 172,610 hectares, in line with 2024/2025. Management notes that despite recent farm sales, area will be maintained through a new lease in Mato Grosso and recently converted land coming into production. The company aims to improve results through favorable weather, tighter operational discipline, and continued investment in technology.

For grains and cotton, production in the 2024/2025 season came in 9% below the initial estimate, mainly due to a smaller planted area, adverse weather, and operational issues. The tables show planned shifts among crops, with soybean and corn taking a larger role and significant percentage changes in several individual lines such as sugarcane and pasture area. Sugarcane performance in the current harvest has been pressured by older fields, heat, water deficit, frost in Brotas (SP), and disease in Mato Grosso, leading to an updated projection of 1.9 million tons at 71.53 tons per hectare.

In cattle raising, the sale of Fazenda Preferência triggered revisions to area and herd estimates, with lower projected hectares and headcount but higher weight gain per hectare. The company also provides updated production cost estimates per hectare by crop, highlighting differentiated cost dynamics across soybean, corn, beans, cotton, and sugarcane. Management emphasizes that all figures are hypothetical estimates, not a performance guarantee.

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.