Derivative Financial Instruments

12 Months Ended

Jun. 30, 2025

Derivative Financial Instruments [Abstract]

Derivative financial instruments

7. Derivative financial instruments

	2025
	Consolidated
	Book Value								Volume / Position
Derivative instruments	Long		Short			Net			Long		Short			Net			Unit
Options		652		(720	)		(68	)		3,800		(7,600	)		(3,800	)		US$
NDF		17,692		(1,565	)		16,127			—		(74,615	)		(74,615	)		US$
Soybean - Futures		1,224		(1,906	)		(682	)		1,463,970		(2,829,650	)		(1,365,680	)		bags
Soybean - Structured products		—		(810	)		(810	)		—		(560,161	)		(560,161	)		bags
Basis - Futures		—		(876	)		(876	)		—		(233,589	)		(233,589	)		bags
Corn - Put Options		3,623		—			3,623			216,354		—			216,354			bags
Corn - Futures		3,978		—			3,978			—		(607,050	)		(607,050	)		bags
Corn - Structured products		591		—			591			—		(88,446	)		(88,446	)		bags
Cotton - Structured products		1,050		—			1,050			—		(10,330,050	)		(10,330,050	)		lbs.
Cotton - Call Options		—		(11	)		(11	)		—		(6,350,000	)		(6,350,000	)		lbs.
Cotton - Futures		2,293		(141	)		2,152			—		(10,922,350	)		(10,922,350	)		lbs.
Fattened cattle - Futures		23		—			23			—		(1,650	)		(1,650	)		@
Ethanol - Futures		4		(7,181	)		(7,177	)		—		(58,800	)		(58,800	)		M^3
TRS - Future		526		(512	)		14			—		(30,336,000	)		(30,336,000	)		kg
Swap		8,496		(19,402	)		(10,906	)		531,741,790		(531,741,790	)		—			R$
Margin deposited		430		—			430			—		—			—			—
Total Risks - Derivatives		40,582		(33,124	)		7,458
Total - Current		29,609		(15,492	)
Total - non-current		10,973		(17,632	)
Results on June 30, 2025 (Note 26)
Realized		69,737		(112,456	)
Unrealized		110,798		(47,080	)

	2024
	Book Value							Volume / Position
Derivative instruments	Assets	Liabilities			Net			Assets		Liabilities			Net			Unit
Options	1,192		(17,654	)		(16,462	)		23,800		(44,100	)		(20,300	)		US$
NDF	1,100		(21,478	)		(20,378	)		17,000		(66,160	)		(49,160	)		US$
Dóllar - Acumulator	1,433		(27,737	)		(26,304	)		2,000		(40,000	)		(38,000	)		U$$
Swap	6,020		(9,543	)		(3,523	)		300,000,000		(300,000,000	)		—			R$
Soybean – Options Put	10,561		—			10,561			891,268		—			891,268			scs.
Soybean - Options Call	—		(2,794	)		(2,794	)		—		(1,782,536	)		(1,782,536	)		scs.
Soybean - Future	526		—			526			167,821		(2,118,178	)		(1,950,357	)		scs.
Soybean - Accumulator	2,295		—			2,295			—		(458,107	)		(458,107	)		scs.
Corn - Options Call	—		(93	)		(93	)		—		(145,937	)		(145,937	)		scs.
Corn - Options Put	866		—			866			145,937		—			145,937			scs.
Corn - Future	996		(221	)		775			583,650		(733,050	)		(149,400	)		scs.
Corn - Acumulator	651		—			651			—		(181,429	)		(181,429	)		scs.
Cotton - Accumulator	3,244		—			3,244			—		(8,813,700	)		(8,813,700	)		lbs.
Cotton – Options Call	—		(980	)		(980	)		—		(7,450,000	)		(7,450,000	)		lbs.
Cotton – Options Put	590		(254	)		336			1,100,000		(1,100,000	)		—			lbs.
Cotton - Future	903		(1,204	)		(301	)		1,000,000		(8,350,000	)		(7,350,000	)		lbs.
Beef cattle - Future	—		—			—			—		(6,600	)		(6,600	)		@
Ethanol - Options Call	—		(3,008	)		(3,008	)		—		(9,000	)		(9,000	)		m^3
Ethanol - Future	—		(1,911	)		(1,911	)		—		(16,920	)		(16,920	)		m^3
ATR - Future	—		(191	)		(191	)		—		(1,500,000	)		(1,500,000	)		kg
Deposited margin	8,098		—			8,098			—		—			—			—
Total Derivative Risks	38,475		(87,068	)		(48,593	)
Total Current	31,718		(69,190	)
Total Noncurrent	6,757		(17,878	)
Result in June 30, 2024 (Note 26)
Realized	99,909		(41,950	)
Nonrealized	48,288		(130,888	)

Derivatives by maturity:

Maturity	6/30/2025		6/30/2024
2024	—		9,002
2025	8,836		35,541
2026	7,485		528
2027	(1,559	)	—
2028	8,450		(6,020	)
2030	(15,754	)	9,542
	7,458		48,593

The Company uses derivative financial instruments such as forward currency contracts and forward commodities contracts to hedge against currency risk and commodities prices, respectively.

The margin deposits in operations with derivatives refer to the so-called margins by counterparties in operations with derivative instruments.

The total fair value of a derivative is classified as non-current assets or liabilities if the remaining maturity of the derivative is over 12 months, and as current assets or liabilities if the remaining maturity of the derivative is less than 12 months.