BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (LND) Q3 2025 Earnings Call Transcript

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Q3 2025 Earnings Conference Call May 8, 2025 9:00 AM ET

Company Participants

Ana Paula Zerbinati – IR & Capital Market Head
André Guillaumon – CEO
Gustavo Lopez – CFO & IRO

Conference Call Participants

Pedro Fonseca – XP
Guilherme Guttilla – BTG Pactual
Bruno Tomazetto – Itaú

Ana Paula Zerbinati

Good morning, everyone. We are here once again to disclose our earnings for BrasilAgro. Today, we’re going to talk about the closing of our period from 31^st of March 2025, the nine months accumulated for harvest year ‘24-‘25.

Good morning, everyone. Today, I have Andre, our CEO, and Gustavo Lopez, our CFO. For those listening in English, we have the presentation available on the chats in the English version. And at the end, we’ll also open up to Q&A. Tap forward on to Andre, and have a great call.

André Guillaumon

Good morning, everyone. Thank you, Ana Paula. Thank you, everyone once again for being with us listening to the results. I am going to tell you how we’ve been performing in the third quarter. Everyone knows this is a year with a lot of volatility, especially volatility in the currency. And we’re going to share a bit of the strategies in the company and how the company has been able to really deliver the expected results to our shareholders.

So the highlights as we always start off with them, they’re R$870 million of net revenue in the first nine months, R$195 million in adjusted EBITDA, a year of a lot of volatility, and R$76 million in net income. We will get into this, soon. Then after, it’s good to always remember that a bit of a history. When we define the budget right back then, we had, at that moment, $1.490, $1.480.