v3.25.3
Investment Properties (Tables)
 12 Months Ended
Jun. 30, 2025
Investment Properties [Abstract]  
Schedule of Investment Properties
   Land - Farms   Buildings and improvements   Opening of area   Total in operation   Construction in progress   2025 
At June 30, 2024   939,087    106,373    231,020    1,276,480    57,060    1,333,540 
Acquisitions   86    1,563    787    2,436    65,337    67,773 
Acquisitions - Business combination
(Note 2.3)		   
—
    2,689    
—
    2,689    577    3,266 
Write-offs   (12,782)   (6,412)   (17,938)   (37,132)   (448)   (37,580)
Transfers   
—
    32,657    44,705    77,362    (77,362)   
—
 
Transfers between fixed asset x investment properties   
—
    (33)   
—
    (33)   11    (22)
(-) Depreciation / amortization   
—
    (6,809)   (29,171)   (35,980)   
—
    (35,980)
Effect from conversion   (5,575)   (476)   (979)   (7,030)   (133)   (7,163)
At June 30, 2025   920,816    129,552    228,424    1,278,792    45,042    1,323,834 
                               
Total cost   920,816    151,291    341,725    1,413,832    45,042    1,458,874 
Accumulated depreciation   
—
    (21,739)   (113,301)   (135,040)   
—
    (135,040)
Net book balance   920,816    129,552    228,424    1,278,792    45,042    1,323,834 
                               
Annual depreciation rates (weighted
average) - %		        4-20    5-20                

 

 

   Land – Farms   Buildings and improvements   Opening of area*   Total in operation   Construction in progress   2024 
At June 30, 2024                        
Opening balance   929,513    64,134    157,792    1,151,439    101,273    1,252,712 
Acquisitions   1,600    1,198    1,314    4,112    99,857    103,969 
Write-offs   (33,773)   (205)   (12,321)   (46,299)   (2,434)   (48,733)
Transfers (*)   
—
    41,495    101,551    143,046    (142,709)   337 
(-) Depreciation / amortization   
—
    (4,139)   (25,488)   (29,627)   
—
    (29,627)
Effect from conversion   41,747    3,890    8,172    53,809    1,073    54,882 
Net book balance   939,087    106,373    231,020    1,276,480    57,060    1,333,540 
                               
At June 30, 2024                              
Total cost   939,087    124,085    342,351    1,405,523    57,060    1,462,583 
Accumulated depreciation   
—
    (17,712)   (111,331)   (129,043)   
—
    (129,043)
Net book balance   939,087    106,373    231,020    1,276,480    57,060    1,333,540 

 

(*)Includes assets that were classified as Permanent Crop (Sugarcane - Fixed Assets), but for operational reasons the area switched to soybeans and it was necessary to reclassify the balances for Area Restructuring (Investment Properties).
(*)On June 30, 2025, the properties were appraised by an independent firm. The comparable sales value of investment properties is adjusted considering specific aspects of each property, with the price per hectare being the most relevant item of the assumptions. The fair value presented is considered level 3 in the fair value hierarchy and there were no reclassifications between levels during the year.
Schedule of Fair Value of Investment Properties

The table below shows the fair value of investment properties are as follows:

 

      Hectares          Fair Value*   Cost Value 
Farm  State  2025   2024   Real estate  Acquisition   2025   2024   2025   2024 
Jatobá Farm  Bahia   8,868    8,868   Jaborandi Ltda   Mar-07    340,104    281,173    12,799    13,353 
Alto Taquari Farm  Mato Grosso   1,373    1,380   Mogno Ltda   Aug-07    29,210    19,803    3,161    17,680 
Chaparral Farm  Bahia   24,841    24,885   Cajueiro Ltda   Nov-07    804,701    507,024    88,641    83,585 
Nova Buriti Farm  Minas Gerais   24,212    24,212   Flamboyant Ltda   Dec-07    70,498    39,596    24,273    24,382 
Preferência Farm  Bahia   
—
    17,799   Cajueiro Ltda   Sep-08    
—
    124,339    
—
    34,459 
São José Farm  Maranhão   17,566    17,566   Ceibo Ltda   Feb-17    542,542    527,849    120,103    117,835 
Marangatu y Udra Farm  Boqueron Paraguay   58,722    58,722   Agropecuaria Moroti S/A   Feb-18    487,987    330,572    265,883    274,899 
Arrojadinho Farm  Bahia   16,644    16,642   Agrifirma Bahia Ltda   Jan-20    499,157    328,203    177,176    154,627 
Rio do Meio Farm  Bahia   5,753    5,750   Agrifirma Bahia Ltda   Jan-20    199,813    156,689    66,381    67,362 
Serra Grande Farm  Piauí   4,489    4,489   Imobiliaria Cremaq   Apr-20    88,390    76,428    43,449    43,458 
Acres del Sud Farm  Bolivia   9,875    9,875   Acres Del Sud   Feb-21    198,133    151,418    135,799    137,943 
Panamby Farm  Mato Grosso   10,793    10,844   Mogno Ltda   Sep-22    355,302    298,562    298,495    298,245 
       183,136    201,032            3,615,837    2,841,656    1,236,160    1,267,828 

 

(*)On June 30, 2025, the properties were appraised by an independent firm. The comparable sales value of investment properties is adjusted considering specific aspects of each property, with the price per hectare being the most relevant item of the assumptions. The fair value presented is considered level 3 in the fair value hierarchy and there were no reclassifications between levels during the year.