BrasilAgro Swings to R$90M Net Loss in FY2026 as Farm Sales Dry Up; Proposes R$30M Dividend
LND is trading near its 52-week low of $3.46 (11% above the low).
Summary
BrasilAgro reported a R$90.0 million net loss for FY2026, down from a R$138.0 million profit, as farm sale gains nearly vanished. Core agricultural operations improved, and the company proposed a R$30.0 million dividend.
Key Events · Earnings and Guidance · LND
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FY2026 Net Loss of R$90.0M
BrasilAgro swung to a R$90.0 million net loss in FY2026 from a R$138.0 million profit in FY2025, driven by farm sale gains collapsing from R$180.1 million to R$2.1 million.
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Core Ag Operations Improved
Adjusted EBITDA from operations rose 11% to R$97.3 million, with soybean gross margin up to 20% and corn to 21%, offsetting weaker sugarcane and cotton results.
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R$30M Dividend Proposed
Management proposed a R$30.0 million dividend (R$0.3012 per share) from the Investment and Expansion Reserve, subject to shareholder approval in October 2026.
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Portfolio Value Up 8.2%
The property portfolio's market value reached R$3.34 billion as of June 30, 2026, up 8.2% year-over-year, including R$109.0 million from the repossession of 4,092 hectares at Rio do Meio farm.
Analysis · LND · Industrial Applications And Services
A sharp swing from a R$138.0 million profit to a R$90.0 million net loss defines BrasilAgro's FY2026, driven almost entirely by the collapse in farm sale gains—from R$180.1 million to just R$2.1 million. The agricultural operation itself improved, with Adjusted EBITDA from operations up 11% to R$97.3 million on stronger soybean and corn margins. Management is still proposing a R$30.0 million dividend from reserves, signaling confidence in the balance sheet despite the loss. The 26/27 harvest plan cuts cotton area by 70% and exits safrinha beans, a defensive shift ahead of El Niño conditions.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, LND was trading at $3.84 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $368.2M. The 52-week trading range was $3.46 to $4.45. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.