Slides
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FY 2025 Conference Call September 5, 2025 Hosted by: Alejandro Elsztain, CEO Matias Gaivironsky, CFO
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Main Events for FY 25 and Subsequent 2025 REGIONAL CAMPAIGN LARGER IN PLANTED AREA THAN 2024 Mainly in leased farms in Argentina GOOD CLIMATE CONDITIONS IN THE REGION, DESPITE IRREGULAR FREQUENCY. Argentina with late and scattered rains in the North impacting yields. Good weather in Center & South STABLE - BUT HISTORICALLY LOW - COMMODITY PRICES & INPUT COSTS STILL HIGH Argentina with a positive impact on prices due to the reduction of grains’ tax exports PARTIAL REMOVAL OF CAPITAL CONTROLS IN ARGENTINA FX Convergence BRASILAGRO GOOD PRODUCTIVE RESULTS IN SUGARCANE AND MIXED IN CROPS Sustained prices, inputs downtrend and margin improvement in BRL (devaluation effect) CATTLE ACTIVITY: HIGHER PRICES, MARGINS AND PRODUCTION Livestock intensification in feedlots in Salta and La Pampa REAL ESTATE FY25: 4 FARMLAND SALES IN THE REGION (2 FRACTIONS) Fraction sale of Los Pozos Farm (ARG), Alto Taquari & Rio do Meio (BZ) + Preferencia Farm (BZ) (4Q25) 2 3 4 1 5 6 27
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FY 2025 – Regional Planted Area 139 129 119 123 119 139 101 106 109 109 120 123 14 13 14 12 7 610 11 13 12 11 1214 24 24 28 21 18 197 226 220 220 217 181 213 208 262 278 283 279 283 277 299 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 Bolivia Paraguay Leased to 3rd parties Brazil Argentina +7.8% Planted Area Evolution (Th. Ha) Crop Breakdown 50% 24% 14% 5% 8% SOYBEAN CORN SUGARCANE WHEAT OTHERS 3
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826 1769 941,25 1031 307 801 362 392 0 200 400 600 800 1000 1200 1400 1600 1800 2000 Slight recovery of Commodity Prices and Inputs Costs Correction BOOM POST-COVID & RUS/UKR WAR Downtrend (2H23) SOYBEAN CORN USD cents per bushel -39% -41% +8.3 % +9.6% +161% +112% 4 Aug 25, 2025 YOY Last Month SOYBEAN +7.4% 3.3% CORN +8.3% -1.9%