On Wednesday, July 15, 2026, Terra Santa Propriedades Agrícolas (LAND3) reported that, in a legal proceeding discussing ownership of 2,091.43 hectares of properties that are part of the company’s assets, the likelihood of a favorable outcome has come to be considered remote.
According to the company, the potential impacts of the decision are being assessed and may lead to a write-off of these areas, in addition to adverse judgment costs in the proceeding. The decision was issued in Special Appeal (REsp) 2029398/MT, already disclosed in item 4.4 of the company’s Reference Form, and Terra Santa states that it will continue to take the appropriate measures.
The company also clarified that the potential loss of these areas will not affect Terra Santa’s revenue, as they are not subject to lease agreements. In addition, any potential loss will not impact the annual land appraisal, since these properties are not part of the annually disclosed market value appraisal report.
