Accounts Receivable and Others

12 Months Ended

Jun. 30, 2025

Accounts Receivable and Others [Abstract]

Accounts receivable and others

	Note		2025		2024
Trade accounts receivable		8.1		385,058		356,583
Recoverable taxes		8.2		15,648		19,385
Advances to suppliers				19,813		35,972
Other receivables				8,946		3,057
Total current				429,465		414,997

Trade accounts receivable		8.1		521,210		520,758
Recoverable taxes		8.2		76,089		60,310
Judicial deposits		28		6,544		7,399
Total noncurrent				603,843		588,467

8.1 Trade accounts receivable

	2025			2024
Sale of sugarcane		45,800			43,953
Sale of grains and cottons		73,869			41,587
Sale of cotton		3,946			2,534
Sale of beef cattle		2,226			1,196
Leases of land		15,357			15,075
Sale of machinery		12,218			6,942
Sale of farms		235,419			249,327
		388,835			360,614

Allowance for expected credit losses		(3,777	)		(4,031	)

Total current		385,058			356,583

Sale of farms		521,210			520,758

Total noncurrent		521,210			520,758

Changes in accounts receivable from grain, cottons and soybean customers

	Grains			Cottons			Cattle			Sugarcane
Balance on June 30, 2023		74,220			—			1,761			35,732
Sales in year		420,072			79,800			31,362			239,313
Received		(452,705	)		(77,266	)		(31,927	)		(231,092	)
Balance on June 30, 2024		41,587			2,534			1,196			43,953
Sales in year		442,530			90,583			26,457			325,265
Received		(409,994	)		(89,171	)		(25,427	)		(323,418	)
Reversal of expected losses		(254	)		—			—			—
Balance on June 30, 2025		73,869			3,946			2,226			45,800

Changes in the allowance for expected credit losses:

At June 30, 2023	3,613
Set-up of provision	65
Exchange variation	418
Write-off or reversal	(65	)
At June 30, 2024	4,031
Set-up of provision	16
Exchange variation	(270	)
At June 30, 2025	3,777

Breakdown of receivable by maturity

	2025		2024
Falling due:
Up to 30 days		112,576		90,294
31 to 90 days		82,070		22,629
91 to 180 days		42,594		94,639
181 to 360 days		143,437		148,093
Over 360 days		521,210		520,758
Past due:
Up to 30 days		3,995		242
31 to 90 days		26		558
91 to 180 days		—		128
181 to 360 days		360		—
Over 360 days		3,777		4,031
		910,045		881,372

Sales of sugarcane

The Company has three sugarcane supply agreements, whose credit risks are assessed in accordance with the internal policy as presented in Note 5.8b.

No material expected credit losses on receivables from sugarcane sale was recorded at June 30, 2025 and 2024.

Receivables from sale of farms

Details in relation to receivables from the sale of farms are as follows:

	As of 2024		Sales		Receipts			Fair value adjustment			Exchange variation			As of 2025		Current		Non-current
Araucária VI		5,538		—		(2,676	)		90			—			2,952		1,307		1,645
Araucária VII		177,549		—		(43,249	)		593			—			134,893		46,569		88,324
Jatobá II		61,288		—		(52,105	)		240			—			9,423		9,423		—
Jatobá III		23,809		—		(19,839	)		(285	)		—			3,685		2,402		1,283
Jatobá IV		3,792		—		(3,529	)		(263	)		—			—		149		(149	)
Jatobá V		20,684		—		(11,844	)		141			—			8,981		8,419		562
Jatobá VI		22,577		—		(9,892	)		317			—			13,002		7,103		5,899
Jatobá VII		79,736		—		(25,202	)		2,763			—			57,297		7,618		49,679
Alto Taquari III		2,312		—		(2,055	)		(257	)		—			—		—		—
Alto Taquari IV		57,764		123,274		(32,706	)		1,250			—			149,582		37,517		112,065
Chaparral I		254,985		—		(46,717	)		11,524			—			219,792		34,823		184,969
Preferência		—		104,238		(2,000	)		(618	)		—			101,620		39,496		62,124
Fon Fon I		564		—		—			—			(9	)		555		555		—
San Cayetano		168		—		(170	)		—			2			—		—		—
Rio do Meio I		56,626		—		(6,308	)		(747	)		—			49,571		40,038		9,533
Rio do Meio II		—		13,787		(8,747	)		236			—			5,276		—		5,276
Marangatú		2,693		—		(2,763	)		73			(3	)		—		—		—
		770,085		241,299		(269,802	)		15,057			(10	)		756,629		235,419		521,210

	As of 2023		Sales		Receipts			Fair value adjustment			Exchange variation			As of 2024		Current		Non-current
Araucária V		10,419		—		(9,937	)		(482	)		—			—		—		—
Araucária VI		4,928		—		—			610			—			5,538		2,705		2,833
Araucária VII		310,723		—		(147,806	)		14,632			—			177,549		48,447		129,102
Jatobá II		53,409		—		—			7,879			—			61,288		30,949		30,339
Jatobá III		20,348		1,063		(1,502	)		3,900			—			23,809		12,026		11,783
Jatobá IV		7,187		413		(4,805	)		997			—			3,792		3,792		—
Jatobá V		17,986		773		(836	)		2,761			—			20,684		14,163		6,521
Jatobá VI		19,713		1,061		(664	)		2,467			—			22,577		11,900		10,677
Jatobá VII		86,341		1,855		(18,667	)		10,207			—			79,736		15,371		64,365
Alto Taquari III		5,159		—		(3,252	)		405			—			2,312		2,312		—
Alto Taquari IV		100,769		—		(53,811	)		10,806			—			57,764		38,572		19,192
Chaparral I		—		289,360		(53,533	)		19,158			—			254,985		34,041		220,944
Fon Fon		490		—		—			—			74			564		564		—
San Cayetano		294		—		—			—			(126	)		168		168		—
Rio do Meio I		59,467		—		(10,251	)		7,410			—			56,626		32,938		23,688
Rio do Meio II		8,813		—		(11,206	)		2,393			—			—		—		—
Marangatú		3,422		—		(1,088	)		—			359			2,693		1,379		1,314
		709,468		294,525		(317,358	)		83,143			307			770,085		249,327		520,758

Information on the criteria for measuring the initial and subsequent recognition, as well as sales and the amounts received in the fiscal year ended June 30, 2025, is presented in Notes 2.1 and 22.

8.2 Recoverable taxes

	2025		2024
Withholding income tax (IRRF) on financial investments to be offset		4,077		10,427
Income tax losses and social contribution carryforwards		17		—
Other recoverable taxes and contributions		1,315		—
Tax on value added - IVA – (Paraguay/Bolivia)		8,224		8,786
Other recoverable taxes		81		115
IRPJ/CSLL Estimative		1,934		57
Total current		15,648		19,385

ICMS recoverable		10,649		12,263
Non-cumulative PIS and COFINS to be offset		45,757		30,124
IRRF on financial investments to be offset		1,367		1,359
INSS recoverable		—		46
Tax on value added - IVA – (Paraguay/Bolivia)		18,160		16,518
Other recoverable taxes		156		—
Total noncurrent		76,089		60,310