BrasilAgro sells Bahia farmland for R$ 96.4 million

BrasilAgro has announced the sale of a portion of the Fazenda Rio do Meio, located in Correntina, Bahia, for a nominal value of R$ 96.4 million. The transaction involves approximately 2,593 hectares of land, which was sold at an average price of 425 bags of soy per hectare.

The present value of the deal is estimated at R$ 78.8 million, representing approximately 2.9 times the book value of the area (R$ 27.3 million). As a result, the company expects to recognize a pre-tax accounting gain of approximately R$ 51 million in the first quarter of the 2026/2027 fiscal year.

The payment structure consists of an initial installment of R$ 21.1 million, which has already been received, followed by four annual installments. The company estimates an internal rate of return (IRR) of 26.2% in Reais and 20.9% in Dollars. Additionally, BrasilAgro has entered into a lease agreement for another 383.44 hectares of the farm until June 2030, which includes a purchase option for the lessee through March 2028.