Sep 4, 2026 earnings call — Portfolio value, harvest results, and costs
BrasilAgro reported net revenue of BRL 926 million and adjusted EBITDA of BRL 100 million for the harvest year 2025-2026.
Revenue $0.0B (est $0.1B) · EPS $-0.03
Key quotes
"I want to remind you that the biggest value creator for shareholders with the transformation of land and that first slide we showed you, the recovery of the productive indexes in the company, big focus on this."
"With the soy, we have a volume that is a lot higher than last year."
"We are talking about the cost of capital at about 14%."
Analyst Q&A 3
sugarcane harvest and cost per hectare
Q (Guilherme Salgueiro · BTG Pactual): He asked what drives the expected improvement in cost per hectare, given higher fertilizer prices, and whether the company already models rain-related delays for sugarcane harvesting.
A: Management said sugarcane delays vary by region: northeast had delays but resumed, Midwest is doing well, and São Paulo is more delayed; they cited rain increasing TCH, lower ATR, and higher cost of capital as factors; they also pointed to currency timing and increased in-house seed production as drivers reducing costs.
"We should say that in the first part we considered BRL 625 million, about 40 something." — André Guillaumon
connection issue / follow-up
Q (Guilherme Salgueiro · BTG Pactual): Analyst acknowledged the answer and thanked management; no new substantive question was asked.
A: Management reported a technical problem with Gustavo's audio and noted they were trying to fix the connection; no further operational answer was given in this exchange.
pace and use of farm sales proceeds
Q (Gustavo Troyano · Itaú BBA): He asked how the company expects the mix of developed land to evolve and the pace of selling land, and whether proceeds will be used to pay debt or buy land.
A: Management said they will keep buying and selling farmland as before and will rebalance the portfolio by selling assets that have reached maturity while keeping high-ROA farms; they expect to be more buyers than sellers overall but will perform sales to provide liquidity when profitable.
"In the last five years, we sold over BRL 2 billion." — André Guillaumon