v3.25.3
Income and Social Contribution Taxes (Tables)
 12 Months Ended
Jun. 30, 2025
Income and Social Contribution Taxes [Abstract]  
Schedule of Deferred Income Tax and Social Contribution Tax Assets and Liabilities

Deferred income tax and social contribution tax assets and liabilities as of June 30, 2025, and 2024 are as follows:

 

   2025   2024 
Assets        
Noncurrent        
Tax loss   205,319    129,892 
Financial lease   43,653    36,622 
Contingency, bonuses and fair value   30,747    28,885 
Hedge   560    19,275 
Allowance for expected credit losses   726    726 
Difference in cost of farms   170    170 
Share-based incentive plan (ILPA)   1,085    612 
Provision of other accounts payable and receivable   2,798    673 
Impairment of investment   1,654    1,654 
Subscription warrant   43    43 
    286,755    218,552 
Liabilities          
Noncurrent          
Biological assets   25,149    36,830 
Present value adjustment and other provisions   7,138    6,944 
Derivative financial instruments   2,950    —   
Surplus on investment   1,733    1,733 
Costs of transactions   1,949    2,618 
Provision of residual value and useful life of PPE assets   7,602    6,977 
Accelerated depreciation of assets for rural activity   92,428    76,732 
Deferred taxes on surplus value of PPE and investment property – Acquisition of Agrifirma   18,541    18,406 
    157,490    150,240 
Net balance   129,265    68,312 

 

The balances are presented in the balance sheet as follows:

 

Net deferred assets   166,145    88,031 
Net deferred liabilities   (36,880)   (19,719)
Schedule of Net Change in Deferred Income Tax

The net change in deferred income tax is as follows:

 

At June 30, 2023   9,486 
Tax losses   81,298 
Adjustments in biological assets and agricultural products   (19,983)
Financial lease   9,946 
Provisions for contingency and fair value   (13,673)
Derivative financial instruments   28,085 
Costs of transactions   (822)
Provision for other accounts payable and receivable   (304)
Accelerated depreciation of assets for rural activity   (24,208)
Subscription warrant   (632)
Deferred taxes on surplus value   34 
Share-based incentive plan (ILPA)   (915)
      
At June 30, 2024   68,312 
      
Tax losses   41,966 
Adjustments in biological assets and agricultural products   11,681 
Financial lease   6,097 
Provisions for contingency and fair value   1,831 
Derivative financial instruments   (21,665)
Costs of transactions   669 
Provision for other accounts payable and receivable   2,125 
Accelerated depreciation of assets for rural activity   (10,261)
Deferred taxes on goodwill   (135)
Share-based incentive plan (ILPA)   473 
Temporary differences related to PPE   (625)
Acquisitions - business combination (Note 2.3)   28,797 
At June 30, 2025   129,265 
Schedule of Expected Realization of Deferred Tax Assets

The expected realization of deferred tax assets are as follows:

 

    2024 
2026   44,287 
2027   19,719 
2028   61,645 
2029   39,980 
2030 to 2035   121,124 
    286,755 
Schedule of Income and Social Contribution Tax Expenses
   2025   2024   2023 
Income before income and social contribution taxes   124,648    191,515    281,709 
Combined nominal rate of income tax and social contribution taxes – %   34%   34%   34%
    (42,380)   (65,115)   (95,781)
                
Share of loss in a Joint Venture   (484)   (20)   (24)
Management bonus   (726)   (596)   (639)
Fair value variation of accounts receivable from sale of farms   3,744    (657)   5,821 
Non-deductible expenses   (48)   (140)   - 
Net effect of profit taxed abroad   (107)   (307)   (1,459)
Net effect of subsidiaries taxed whose profit is computed as a percentage of gross revenue (*)   56,057    96,914    81,133 
Other permanent addition/exclusion   (2,685)   5,273    (2,224)
                
Income and social contribution taxes for the year   13,371    35,352    (13,173)
                
Current   (19,315)   (23,474)   (53,224)
Deferred   32,686    58,826    40,051 
    13,371    35,352    (13,173)
Effective tax rate   11%   18%   -5%

 

(*)For some of our real estate subsidiaries, profit tax is measured based on the regime whereby profit is computed as a percentage of gross revenue, i.e., income tax is determined on a simplified base to calculate the taxable profit (32% for lease revenues, 8% for sale of farms and 100% for other earnings). This results effectively in taxing the profit of subsidiaries at a rate lower than if taxable income were based on accounting records.