BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (LND) Q4 2025

Ana Paula Zerbinati Gama
Investor Relations Manager & Institute Director

Good morning, everyone. We are here once again for the results call of BrasilAgro. I’m here with André Guillaumon and Gustavo. Today, we will be representing the complete numbers of the year. For those who are following us, our accounting number starts year — goes from July to July. So today, we are reporting on the fourth harvest of the year ’25. For those who are following us in English, we have simultaneous translation in English. Thank you so much. I’m going to pass the floor to André.

André Guillaumon
CEO & Member of Board of Executive Officers

Thank you, Ana Paula. Thank you to everyone. It is a pleasure once again to be with you to talk a little bit about how our year was? It was a year with a lot of challenges, a lot of volatility in the financial aspect. I would like to make a parenthesis. I remember in the past when we were discussing the budget of the year with the company’s Board, the dollar was at BRL 4.80 and we went up to BRL 5.30. — the middle of the way, we saw the exchange rate going to BRL 6.40, and now it’s at BRL 5.40. So that shows the magnitude of volatility that we worked with during the year, and we’re going to be showing you some numbers on how we worked to mitigate these volatilities.