SCHEDULE 13G/A 0000930413-25-002234 0001599814 XXXXXXXX LIVE 1 Common Shares, no par value 12/31/2025 0001499849 BrasilAgro - Brazilian Agricultural Real Estate Co 10554B104 1309 Av. Brigadeiro Faria Lima, 5th floo Sao Paulo D5 01452-002 Rule 13d-1(b) Kopernik Global Investors, LLC b DE 0.00 6183700.00 0.00 6509500.00 6509500.00 N 6.34 IA (1) Based on 102,683,444 common shares outstanding as set forth in the Issuer's Form 20-F for the fiscal year ended June 30, 2025 filed with the Securities and Exchange Commission on October 30, 2025. David B. Iben b X1 0.00 6183700.00 0.00 6509500.00 6509500.00 N 6.34 HC (1) Based on 102,683,444 common shares outstanding as set forth in the Issuer's Form 20-F for the fiscal year ended June 30, 2025 filed with the Securities and Exchange Commission on October 30, 2025. BrasilAgro - Brazilian Agricultural Real Estate Co 1309 Av. Brigadeiro Faria Lima, 5th floor, Sao Paulo, Sao Paulo 01452-002, Brazil This Schedule 13G is jointly filed by Kopernik Global Investors, LLC ("Kopernik Global Investors") and David B. Iben (collectively, the "Reporting Persons"). Kopernik Global Investors is an investment adviser. Mr. Iben is the controlling member and Chief Investment Officer of Kopernik Global Investors. 2502 N. Rocky Point Dr, Suite 300 Tampa, FL 33607 Kopernik Global Investors is a limited liability company organized under the laws of Delaware. Mr. Iben is a citizen of the United States of America. N IA HC The Reporting Persons beneficially own, in the aggregate, 6,509,500 Common Shares. None of the securities are held by the Reporting Persons. The filing of this statement shall not be construed as an admission that either of the Reporting Persons is the beneficial owner of any of the securities covered by this Schedule 13G for any other purpose. The number of Common Shares beneficially owned by the Reporting Persons represents 6.34% of the Issuer's outstanding Common Shares based on 102,683,444 common shares outstanding as set forth in the Issuer's Form 20-F for the fiscal year ended June 30, 2025 filed with the Securities and Exchange Commission on October 30, 2025. (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 6,183,700 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 6,509,500 N Securities reported on this Schedule 13G are beneficially owned by investment advisory clients which may include investment companies registered under the Investment Company Act and/or other separately managed accounts. No such person beneficially owns over 5%. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Kopernik Global Investors, LLC /s/ Sarah L. Bertrand 02/02/2026 David B. Iben /s/ David B. Iben by Sarah L. Bertrand, power of attorney 02/02/2026 99.1 Joint Filing Agreement, dated July 25, 2025, by and between Kopernik Global Investors, LLC and David B. Iben is incorporated herein by reference to Exhibit 99.1 of Schedule 13G filed with the SEC via EDGAR Accession 0000930413-25-002234 on July 25, 2025. 99.2 Power of Attorney appointing Sarah L. Bertrand, dated October 25, 2024, signed by David B. Iben is incorporated herein by reference to Exhibit 99.2 of Schedule 13G filed with the SEC via EDGAR Accession 0000930413-25-002234 on July 25, 2025.