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Financial statements

BrasilAgro - Brazilian Agricultural Real Estate Co financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BrasilAgro - Brazilian Agricultural Real Estate Co files with the SEC in its annual reports.

In BRL millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2019FY2020FY2021FY2022FY2022FY2022FY2023FY2024FY2025
Revenue3584886631,168903771877
Cost of revenue3194847291,143886747834
Gross profit236221492776394312338
Selling and marketing10.514.32843.64155.159.5
Operating income187164394690276186206
Interest expense18.225.2946373325307418
Interest income311375850320330313338
Pre-tax income200134298637282192
Income from continuing operations-177-120-318-520-269-227-138
Net income to minority interests120318520
Net income177120120318318520520269227138
EBITDA210225504773297215
EPS, basic3.292.112.114.564.565.265.262.722.281.39
EPS, diluted3.272.092.094.454.455.235.232.702.271.38

Balance sheet

FY2019FY2019FY2020FY2021FY2022FY2022FY2022FY2023FY2024FY2025
Cash and equivalents1071711,059435384171143
Short-term investments4.0494.9
Receivables125111187442430415429
Inventory97.1139266290214234294
Total current assets4416171,5891,350
Property, plant and equipment108116110128155202233
Lease right-of-use assets10180118161234280
Goodwill1.561.47
Intangible assets1.471.10.811.924.485.1
Total assets1,3582,0443,4283,3453,5083,6053,837
Accounts payable93111187253176174176
Total current liabilities227400661484632527658
Lease liabilities20.912716823.1
Total liabilities4779231,2461,1291,3111,4251,659
Total debt0.181.22
Total equity8811,1222,1832,2162,1972,1802,178
Total liabilities and equity1,3582,0443,4283,3453,5083,6053,837

Cash flow statement

FY2019FY2019FY2020FY2021FY2022FY2022FY2022FY2023FY2024FY2025
Net income177120120318318520520269227138
Depreciation and amortization23.160.211082.620.929.6
Cash from operations51.360.411720515679.471.5
Cash from investing-21.3-20.7-180-89.755-27.8-38.9
Debt issued48860.4218448444
Debt repaid-346-297-128-351-284
Stock issued8710
Dividends paid-41-50-42-460-320-319-156
Cash from financing-27.618.5955-738-261-266-60.7
Exchange rate effect-0.146.24-4.02-1.26-1.381.340.03
Net change in cash2.4558.2892-622-50.3-214-28.1

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin38.5%Gross profit / revenue.
Operating margin23.5%Operating income / revenue.
Net margin15.7%Net income / revenue.
Operating cash flow margin8.2%Cash from operations / revenue.
Return on assets (ROA)3.7%Net income / average total assets.

Growth

MetricValueHow it is calculated
Revenue growth, 1y13.8%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y8.4%Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y11.1%Operating income vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-39.2%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-39.2%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-9.9%Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y6.4%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Quick ratio0.87x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.22x(Cash + short-term investments) / current liabilities.
Debt / assets0.0%Total debt / total assets.
Liabilities / assets43.2%Total liabilities / total assets.
Net debt-R$141.7MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage0.49xOperating income / interest expense.
Goodwill and intangibles / assets0.1%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.24xRevenue / average total assets.
Fixed asset turnover4.04xRevenue / average property, plant and equipment.
Inventory turnover3.16xCost of revenue / average inventory.
Days inventory115 days365 x average inventory / cost of revenue.
Receivables turnover2.08xRevenue / average receivables.
Days sales outstanding176 days365 x average receivables / revenue.
Days payables77 days365 x average accounts payable / cost of revenue.
Cash conversion cycle214 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, dilutedR$1.38Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basicR$1.39Net income per basic share, as reported (split-adjusted).
Payout ratio113.0%Dividends paid / net income, when net income is positive.
What was BrasilAgro - Brazilian Agricultural Real Estate Co's revenue in fiscal 2025?

BrasilAgro - Brazilian Agricultural Real Estate Co reported revenue of R$877.4M for fiscal 2025, 13.8% higher than the year before.

Was BrasilAgro - Brazilian Agricultural Real Estate Co profitable in fiscal 2025?

Yes. Net income was R$138.0M, a net margin of 15.7%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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