NYSE : LND
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas — Financial statements
Consumer Staples · Farm Products · Brazil
Last price 3.18 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 317.55M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) reported revenue of 893.73M BRL (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in BRL.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 891.65M | 891.65M | 877.44M | 1.02B | 1.25B | 1.42B |
| Other Revenue | 2.08M | 2.08M | 180.09M | |||
| Revenue | 893.73M | 893.73M | 1.06B | 1.02B | 1.25B | 1.42B |
| Cost of Revenue | 829.50M | 829.50M | 841.98M | 748.11M | 933.93M | 1.19B |
| Gross Profit | 64.23M | 64.23M | 215.55M | 271.39M | 315.50M | 226.16M |
| Selling, General & Admin | 140.50M | 140.50M | 127.00M | 120.60M | 106.80M | 99.55M |
| Other Operating Expenses | 2.48M | 2.48M | 1.69M | 5.65M | 11.05M | -13.83M |
| Operating Expenses | 142.98M | 142.98M | 128.69M | 126.25M | 117.85M | 85.72M |
| Operating Income | -78.75M | -78.75M | 86.86M | 145.14M | 197.66M | 140.44M |
| Interest Expense | -103.74M | -103.74M | -84.35M | -67.22M | -324.61M | -373.04M |
| Interest & Investment Income | 6.53M | 6.53M | 1.41M | 1.79M | 330.49M | 320.18M |
| Earnings From Equity Investments | -7.00K | -7.00K | -1.42M | -58.00K | -70.00K | -31.00K |
| Currency Exchange Gain (Loss) | 23.60M | 23.60M | 378.00K | -1.74M | ||
| Other Non Operating Income (Expenses) | -43.22M | -43.22M | -16.15M | 45.22M | ||
| EBT Excluding Unusual Items | -195.59M | -195.59M | -13.28M | 123.14M | 203.47M | 87.55M |
| Merger & Restructuring Charges | -862.00K | -862.00K | -4.80M | |||
| Gain (Loss) on Sale of Investments | 22.46M | 22.46M | 18.31M | 27.65M | ||
| Gain (Loss) on Sale of Assets | -2.53M | -2.53M | 1.06M | -212.00K | ||
| Asset Writedown | 32.08M | 32.08M | 122.67M | 40.50M | 78.24M | 549.76M |
| Legal Settlements | -2.86M | -2.86M | 338.00K | 437.00K | ||
| Other Unusual Items | 348.00K | |||||
| Pretax Income | -147.30M | -147.30M | 124.65M | 191.51M | 281.71M | 637.32M |
| Income Tax Expense | -57.29M | -57.29M | -13.37M | -35.35M | 13.17M | 117.22M |
| Net Income | -90.01M | -90.01M | 138.02M | 226.87M | 268.54M | 520.10M |
| Net Income to Common | -90.01M | -90.01M | 138.02M | 226.87M | 268.54M | 520.10M |
| Shares Outstanding (Basic) | 99.61M | 99.61M | 99.61M | 99.61M | 98.81M | 98.84M |
| Shares Outstanding (Diluted) | 99.61M | 99.61M | 100.16M | 100.07M | 99.36M | 99.36M |
| EPS (Basic) | -0.90 | -0.90 | 1.39 | 2.28 | 2.72 | 5.26 |
| EPS (Diluted) | -0.90 | -0.90 | 1.38 | 2.27 | 2.70 | 5.23 |
| Free Cash Flow | 56.91M | 56.91M | -8.44M | 113.64M | 211.95M | 215.41M |
| Free Cash Flow Per Share | 0.57 | 0.57 | -0.08 | 1.14 | 2.13 | 2.17 |
| Dividend Per Share | 0.30 | 0.30 | 0.75 | 1.56 | 3.24 | 5.25 |
| Gross Margin | 7.19% | 7.19% | 20.38% | 26.62% | 25.25% | 15.93% |
| Operating Margin | -8.81% | -8.81% | 8.21% | 14.24% | 15.82% | 9.89% |
| Profit Margin | -10.07% | -10.07% | 13.05% | 22.25% | 21.49% | 36.63% |
| Free Cash Flow Margin | 6.37% | 6.37% | -0.80% | 11.15% | 16.96% | 15.17% |
| EBITDA | -51.15M | -51.15M | 105.07M | 167.27M | 286.15M | 223.06M |
| EBITDA Margin | -5.72% | -5.72% | 9.93% | 16.41% | 22.90% | 15.71% |
| D&A For EBITDA | 27.60M | 27.60M | 18.21M | 22.13M | 88.49M | 82.61M |
| EBIT | -78.75M | -78.75M | 86.86M | 145.14M | 197.66M | 140.44M |
| EBIT Margin | -8.81% | -8.81% | 8.21% | 14.24% | 15.82% | 9.89% |
| Effective Tax Rate | 4.68% | 18.39% | ||||
| Revenue as Reported | 1.06B | 1.28B | 1.92B |
Balance sheet
Fiscal year July - June; amounts in BRL.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 168.50M | 168.50M | 142.91M | 170.95M | 383.84M | 435.49M |
| Short-Term Investments | 16.35M | 16.35M | 16.91M | |||
| Trading Asset Securities | 22.94M | 28.20M | 94.87M | |||
| Cash & Short-Term Investments | 184.85M | 184.85M | 159.82M | 193.89M | 412.04M | 530.36M |
| Accounts Receivable | 291.52M | 291.52M | 385.06M | 356.58M | 430.04M | 442.31M |
| Other Receivables | 36.81M | 36.81M | 24.59M | 22.44M | ||
| Receivables | 328.33M | 328.33M | 409.65M | 379.02M | 430.04M | 442.31M |
| Inventory | 549.53M | 549.53M | 558.96M | 443.88M | 430.61M | 554.88M |
| Other Current Assets | 28.64M | 28.64M | 49.42M | 82.69M | 76.81M | 61.01M |
| Total Current Assets | 1.09B | 1.09B | 1.18B | 1.10B | 1.35B | 1.59B |
| Property, Plant & Equipment | 513.51M | 513.51M | 512.76M | 435.97M | 316.34M | 246.09M |
| Long-Term Investments | 19.72M | 19.72M | 1.33M | 2.73M | 24.17M | 27.22M |
| Other Intangible Assets | 5.02M | 5.02M | 5.09M | 4.48M | 1.92M | 812.00K |
| Long-Term Accounts Receivable | 349.36M | 349.36M | 521.21M | 520.76M | ||
| Long-Term Deferred Tax Assets | 229.29M | 229.29M | 166.15M | 88.03M | 30.14M | 4.36M |
| Other Long-Term Assets | 1.50B | 1.50B | 1.45B | 1.45B | 1.79B | 1.48B |
| Total Assets | 3.71B | 3.71B | 3.84B | 3.61B | 3.51B | 3.35B |
| Accounts Payable | 64.68M | 64.68M | 103.66M | 67.19M | 176.12M | 253.44M |
| Accrued Expenses | 31.04M | 31.04M | 37.64M | 28.55M | 23.41M | 25.65M |
| Current Portion of Long-Term Debt | 475.02M | 475.02M | 355.84M | 177.31M | 198.21M | 123.41M |
| Current Portion of Leases | 83.61M | 83.61M | 82.33M | 77.46M | 55.50M | 18.58M |
| Current Income Taxes Payable | 6.50M | |||||
| Other Current Liabilities | 53.23M | 53.23M | 78.79M | 170.31M | 178.67M | 62.91M |
| Total Current Liabilities | 707.58M | 707.58M | 658.25M | 527.32M | 631.91M | 483.99M |
| Long-Term Debt | 549.28M | 549.28M | 529.68M | 504.63M | 356.43M | 329.63M |
| Long-Term Leases | 323.95M | 323.95M | 343.45M | 284.60M | 261.83M | 230.57M |
| Long-Term Deferred Tax Liabilities | 32.23M | 32.23M | 36.88M | 19.72M | 20.65M | 34.92M |
| Other Long-Term Liabilities | 68.48M | 68.48M | 91.01M | 89.13M | 40.12M | 50.10M |
| Total Liabilities | 1.68B | 1.68B | 1.66B | 1.43B | 1.31B | 1.13B |
| Common Stock | 1.59B | 1.59B | 1.59B | 1.59B | 1.59B | 1.59B |
| Additional Paid-In Capital | 2.23M | 2.23M | 1.62M | |||
| Retained Earnings | 409.77M | 409.77M | 542.00M | 537.88M | 621.11M | 612.83M |
| Treasury Stock | -43.65M | -43.65M | -43.65M | -43.65M | -50.81M | -49.76M |
| Comprehensive Income & Other | 68.97M | 68.97M | 89.77M | 97.46M | 38.85M | 65.00M |
| Shareholders' Equity | 2.03B | 2.03B | 2.18B | 2.18B | 2.20B | 2.22B |
| Total Liabilities & Equity | 3.71B | 3.71B | 3.84B | 3.61B | 3.51B | 3.35B |
| Total Debt | 1.43B | 1.43B | 1.31B | 1.04B | 871.97M | 702.19M |
| Net Cash (Debt) | -1.25B | -1.25B | -1.15B | -850.10M | -459.93M | -171.83M |
| Net Cash Per Share | -12.52 | -12.52 | -11.50 | -8.49 | -4.63 | -1.73 |
| Filing Date Shares Outstanding | 99.62M | 99.62M | 99.62M | 99.62M | 98.81M | 99.19M |
| Total Common Shares Outstanding | 99.62M | 99.62M | 99.62M | 99.62M | 98.81M | 99.19M |
| Working Capital | 383.77M | 383.77M | 519.59M | 572.17M | 717.59M | 1.10B |
| Book Value Per Share | 20.33 | 20.33 | 21.86 | 21.88 | 22.24 | 22.34 |
| Tangible Book Value | 2.02B | 2.02B | 2.17B | 2.18B | 2.20B | 2.22B |
| Tangible Book Value Per Share | 20.28 | 20.28 | 21.81 | 21.84 | 22.22 | 22.33 |
| Machinery | 213.05M | 213.05M | ||||
| Construction In Progress | 7.81M | 7.81M |
Cash flow statement
Fiscal year July - June; amounts in BRL.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -90.01M | -90.01M | 138.02M | 226.87M | 268.54M | 520.10M |
| Depreciation & Amortization | 79.54M | 79.54M | 74.95M | 80.17M | 88.49M | 82.61M |
| Loss (Gain) From Sale of Assets | 1.92M | 1.92M | -168.53M | -187.47M | -300.59M | -139.07M |
| Asset Writedown & Restructuring Costs | -30.30M | -30.30M | -122.20M | -41.98M | -77.50M | -543.02M |
| Loss (Gain) on Equity Investments | 7.00K | 7.00K | 1.42M | 58.00K | 70.00K | 31.00K |
| Stock-Based Compensation | 1.11M | 1.11M | 1.39M | 1.80M | 5.93M | 3.17M |
| Provision & Write-off of Bad Debts | -5.09M | -5.09M | -15.91M | -72.91M | 49.32M | -31.61M |
| Other Operating Activities | 23.87M | 23.87M | 10.02M | 65.65M | -2.39M | 131.56M |
| Change in Accounts Receivable | 46.77M | 46.77M | -35.90M | 7.46M | 44.74M | -110.47M |
| Change in Inventory | 32.59M | 32.59M | -4.09M | 10.47M | 141.85M | 363.74M |
| Change in Accounts Payable | -12.52M | -12.52M | 4.62M | -28.70M | -17.38M | 3.19M |
| Change in Income Taxes | -59.08M | -59.08M | 3.60M | -32.20M | -45.93M | -11.85M |
| Change in Other Net Operating Assets | 132.01M | 132.01M | 184.15M | 152.83M | 117.59M | -2.12M |
| Operating Cash Flow | 120.82M | 120.82M | 71.53M | 182.04M | 272.73M | 266.26M |
| Capital Expenditures | -63.91M | -63.91M | -79.97M | -68.41M | -60.78M | -50.84M |
| Cash Acquisitions | 12.00K | |||||
| Sale (Purchase) of Real Estate | -102.62M | -117.00M | -61.08M | |||
| Investment in Securities | 5.86M | 5.86M | 41.05M | 4.87M | -1.99M | |
| Other Investing Activities | 40.56M | 110.96M | -36.89M | |||
| Investing Cash Flow | -58.05M | -58.05M | -38.91M | -130.47M | -61.95M | -150.81M |
| Long-Term Debt Issued | 616.61M | 616.61M | 443.60M | 448.06M | 217.58M | 60.44M |
| Long-Term Debt Repaid | -496.56M | -496.56M | -284.43M | |||
| Net Debt Issued (Repaid) | 120.06M | 120.06M | 159.17M | 448.06M | 217.58M | 60.44M |
| Issuance of Common Stock | 3.00K | |||||
| Common Dividends Paid | -74.99M | -74.99M | -155.98M | -319.05M | -319.98M | -459.98M |
| Other Financing Activities | -82.15M | -82.15M | -63.89M | -394.81M | -158.66M | -338.25M |
| Financing Cash Flow | -37.08M | -37.08M | -60.70M | -265.80M | -261.06M | -737.80M |
| Foreign Exchange Rate Adjustments | -100.00K | -100.00K | 28.00K | 1.34M | -1.38M | -1.26M |
| Net Cash Flow | 25.59M | 25.59M | -28.05M | -212.88M | -51.66M | -623.61M |
| Free Cash Flow | 56.91M | 56.91M | -8.44M | 113.64M | 211.95M | 215.41M |
| Free Cash Flow Margin | 6.37% | 6.37% | -0.80% | 11.15% | 16.96% | 15.17% |
| Free Cash Flow Per Share | 0.57 | 0.57 | -0.08 | 1.14 | 2.13 | 2.17 |
| Levered Free Cash Flow | -56.92M | -56.92M | -166.96M | -11.51M | 111.23M | -433.24M |
| Unlevered Free Cash Flow | 7.92M | 7.92M | -114.25M | 30.51M | 314.10M | -200.09M |
| Cash Interest Paid | 82.15M | 82.15M | 63.89M | 394.81M | 158.66M | 338.25M |
| Cash Income Tax Paid | 26.20M | 26.20M | 13.81M | |||
| Change in Working Capital | 139.78M | 139.78M | 152.38M | 109.86M | 240.88M | 242.49M |
Ratios
Fiscal year July - June; amounts in BRL.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 319.54M | 350.33M | 361.99M | 460.07M | 502.26M | 462.28M |
| Enterprise Value | 549.19M | 610.88M | 595.95M | 611.22M | 644.24M | 475.29M |
| Last Close Price | 3.18 | 3.53 | 3.67 | 4.16 | 4.18 | 3.47 |
| PE Ratio | 14.29 | 11.26 | 9.02 | 4.65 | ||
| PS Ratio | 1.84 | 2.03 | 1.86 | 2.50 | 1.94 | 1.70 |
| PB Ratio | 0.81 | 0.90 | 0.91 | 1.17 | 1.10 | 1.09 |
| P/TBV Ratio | 0.81 | 0.90 | 0.91 | 1.17 | 1.10 | 1.09 |
| P/FCF Ratio | 30.35 | 31.89 | 22.48 | 11.43 | 11.23 | |
| P/OCF Ratio | 14.29 | 15.02 | 27.57 | 14.03 | 8.88 | 9.08 |
| EV/Sales Ratio | 3.17 | 3.54 | 3.07 | 3.33 | 2.49 | 1.75 |
| EV/EBITDA Ratio | 30.91 | 20.29 | 10.86 | 11.15 | ||
| EV/EBIT Ratio | 37.38 | 23.38 | 15.72 | 17.70 | ||
| EV/FCF Ratio | 52.29 | 55.61 | 29.86 | 14.66 | 11.54 | |
| Debt / Equity Ratio | 0.71 | 0.71 | 0.60 | 0.48 | 0.40 | 0.32 |
| Debt / EBITDA Ratio | 1,801.09 | 1,801.09 | 8.10 | 4.63 | 3.05 | 3.15 |
| Debt / FCF Ratio | 25.16 | 25.16 | 9.19 | 4.11 | 3.26 | |
| Net Debt / Equity Ratio | 0.62 | 0.62 | 0.53 | 0.39 | 0.21 | 0.08 |
| Net Debt / EBITDA Ratio | -24.38 | -24.38 | 10.96 | 5.08 | 1.61 | 0.77 |
| Net Debt / FCF Ratio | 21.91 | 21.91 | -136.46 | 7.48 | 2.17 | 0.80 |
| Asset Turnover | 0.24 | 0.24 | 0.28 | 0.29 | 0.36 | 0.42 |
| Inventory Turnover | 1.50 | 1.50 | 1.68 | 1.71 | 1.90 | 2.31 |
| Quick Ratio | 0.72 | 0.72 | 0.86 | 1.09 | 1.33 | 2.01 |
| Current Ratio | 1.54 | 1.54 | 1.79 | 2.08 | 2.14 | 3.28 |
| Return on Equity (ROE) | -4.28% | -4.28% | 6.33% | 10.37% | 12.17% | 23.65% |
| Return on Assets (ROA) | -1.31% | -1.31% | 1.46% | 2.55% | 3.60% | 2.59% |
| Return on Invested Capital (ROIC) | -2.36% | -2.39% | 2.73% | 5.10% | 7.47% | 5.24% |
| Return on Capital Employed (ROCE) | -2.60% | -2.60% | 2.70% | 4.70% | 6.90% | 4.90% |
| Earnings Yield | -5.19% | -4.96% | 7.00% | 8.88% | 11.09% | 21.51% |
| FCF Yield | 3.30% | 3.14% | -0.43% | 4.45% | 8.75% | 8.91% |
| Dividend Yield | 1.26% | 1.65% | 3.79% | 6.08% | 13.21% | 21.55% |
| Payout Ratio | 113.02% | 140.63% | 119.16% | 88.44% | ||
| Buyback Yield / Dilution | 0.54% | 0.54% | -0.08% | -0.72% | 0.00% | -39.12% |
| Total Shareholder Return | 1.80% | 2.20% | 3.70% | 5.36% | 13.21% | -17.57% |