BrasilAgro turns to profit with R$81.3 million, benefiting from the sale of rural property
According to InfoMoney, the profit came with a one-off gain of R$50.8 million, while adjusted operational Ebitda fell 32% in the quarter.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
BrasilAgro (AGRO3) came out of the red at the opening of the 2026/27 harvest. According to InfoMoney, the company closed the first three months of the cycle with a positive result of R$81.3 million, while a year earlier it recorded a loss of R$64.3 million. A turnaround of this magnitude draws attention, but anyone who follows the sector needs to look at what's behind the number.
A relevant part of the change is not in the recurring operation. Furthermore, the balance sheet shows R$50.8 million in one-off revenue from the sale of a rural property, which transforms assets into accounting results in a single period. Without this launch, the profit would be much lower, and the comparison with the previous year would lose much of its shine.
In consolidated indicators, the numbers are stronger. Consolidated net revenue reached R$332.1 million, rising 16% compared to a year before. Total adjusted Ebitda totaled R$94.6 million, 47% above the previous year, and the margin rose from 22% to 28%.
The operational section shows another picture. Net operating revenue was R$300.9 million, down 1%, while adjusted operating EBITDA fell to R$43.8 million, down 32%. The difference between total and operational Ebitda is R$50.8 million, exactly the value of the gain from the farm, which suggests that the sale explains the distance between the two indicators.
Selling assets and recycling capital is a management decision that tends to please those who value financial discipline. This logic, however, only holds when the main operation follows. With operating EBITDA falling, this is the question for the coming quarters.
What changes for the investor
For those who follow AGRO3, the quarter changes the narrative of loss for profit, but the correct reading separates what is repeated from what was one-off. The sale of the farm is a non-recurring event, and the 32% drop in operational EBITDA is the data that says the most about the ability to generate results on a day-to-day basis. The market tends to observe whether this line grows again in the next balance sheets and whether new asset sales will complement the result. This analysis is not a recommendation to buy or sell and does not project prices.
Automatically translated from Portuguese.
