Income and Social Contribution Taxes (Tables)

12 Months Ended

Jun. 30, 2025

Income and Social Contribution Taxes [Abstract]

Schedule of Deferred Income Tax and Social Contribution Tax Assets and Liabilities

Deferred income tax and social contribution tax assets and liabilities as of June 30, 2025, and 2024 are as follows:

	2025		2024
Assets
Noncurrent
Tax loss		205,319		129,892
Financial lease		43,653		36,622
Contingency, bonuses and fair value		30,747		28,885
Hedge		560		19,275
Allowance for expected credit losses		726		726
Difference in cost of farms		170		170
Share-based incentive plan (ILPA)		1,085		612
Provision of other accounts payable and receivable		2,798		673
Impairment of investment		1,654		1,654
Subscription warrant		43		43
		286,755		218,552
Liabilities
Noncurrent
Biological assets		25,149		36,830
Present value adjustment and other provisions		7,138		6,944
Derivative financial instruments		2,950		—
Surplus on investment		1,733		1,733
Costs of transactions		1,949		2,618
Provision of residual value and useful life of PPE assets		7,602		6,977
Accelerated depreciation of assets for rural activity		92,428		76,732
Deferred taxes on surplus value of PPE and investment property – Acquisition of Agrifirma		18,541		18,406
		157,490		150,240
Net balance		129,265		68,312

The balances are presented in the balance sheet as follows:

Net deferred assets	166,145		88,031
Net deferred liabilities	(36,880	)	(19,719	)

Schedule of Net Change in Deferred Income Tax

The net change in deferred income tax is as follows:

At June 30, 2023	9,486
Tax losses	81,298
Adjustments in biological assets and agricultural products	(19,983	)
Financial lease	9,946
Provisions for contingency and fair value	(13,673	)
Derivative financial instruments	28,085
Costs of transactions	(822	)
Provision for other accounts payable and receivable	(304	)
Accelerated depreciation of assets for rural activity	(24,208	)
Subscription warrant	(632	)
Deferred taxes on surplus value	34
Share-based incentive plan (ILPA)	(915	)
At June 30, 2024	68,312
Tax losses	41,966
Adjustments in biological assets and agricultural products	11,681
Financial lease	6,097
Provisions for contingency and fair value	1,831
Derivative financial instruments	(21,665	)
Costs of transactions	669
Provision for other accounts payable and receivable	2,125
Accelerated depreciation of assets for rural activity	(10,261	)
Deferred taxes on goodwill	(135	)
Share-based incentive plan (ILPA)	473
Temporary differences related to PPE	(625	)
Acquisitions - business combination (Note 2.3)	28,797
At June 30, 2025	129,265

Schedule of Expected Realization of Deferred Tax Assets

The expected realization of deferred tax assets are as follows:

	2024
2026	44,287
2027	19,719
2028	61,645
2029	39,980
2030 to 2035	121,124
	286,755

Schedule of Income and Social Contribution Tax Expenses

	2025			2024			2023
Income before income and social contribution taxes		124,648			191,515			281,709
Combined nominal rate of income tax and social contribution taxes – %		34	%		34	%		34	%
		(42,380	)		(65,115	)		(95,781	)
Share of loss in a Joint Venture		(484	)		(20	)		(24	)
Management bonus		(726	)		(596	)		(639	)
Fair value variation of accounts receivable from sale of farms		3,744			(657	)		5,821
Non-deductible expenses		(48	)		(140	)		-
Net effect of profit taxed abroad		(107	)		(307	)		(1,459	)
Net effect of subsidiaries taxed whose profit is computed as a percentage of gross revenue (*)		56,057			96,914			81,133
Other permanent addition/exclusion		(2,685	)		5,273			(2,224	)
Income and social contribution taxes for the year		13,371			35,352			(13,173	)
Current		(19,315	)		(23,474	)		(53,224	)
Deferred		32,686			58,826			40,051
		13,371			35,352			(13,173	)
Effective tax rate		11	%		18	%		-5	%

(*) For some of our real estate subsidiaries, profit tax is measured based on the regime whereby profit is computed as a percentage of gross revenue, i.e., income tax is determined on a simplified base to calculate the taxable profit (32% for lease revenues, 8% for sale of farms and 100% for other earnings). This results effectively in taxing the profit of subsidiaries at a rate lower than if taxable income were based on accounting records.