Terra Santa Propriedades Agrícolas (LAND3) reported this Monday, August 10, 2026, that it has completed the assessment of the accounting impacts of a court decision in a lawsuit over the possession and ownership of 2,091.43 hectares of properties in its asset portfolio, for which the likelihood of success has been revised to remote. For the period ended June 30, 2026, the company recognized an impairment on the carrying amount of these areas in its financial statements.
According to Terra Santa, there was no cash effect or impact on revenue, since the properties under dispute are not subject to lease agreements. The company also reported that there is no impact on the annual valuation of its land, as these areas are not included in the appraisal report of market value disclosed annually, in line with what had already been communicated when the probability of success in the lawsuit came to be considered remote on July 15, 2026.
Further details on the impairment recognition and its accounting effects can be found in the financial information for the period ended June 30, 2026 and in the company’s earnings release, available on the websites of CVM, B3, and Terra Santa Propriedades Agrícolas itself.
