Boa Safra (SOJA3) Posts R$ 26 Million Profit in 3Q26

Gross profit grew 25% to R$ 129 million, and the gross margin rose from 9% to 13%. Accounting EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 106 million (+20%), with a 10% margin. Adjusted EBITDA reached R$ 121 million (+33%), with a 12% margin. Gross operating revenue was R$ 1,089 million (-8%), with soybean seeds at R$ 889 million (-6%).

The order backlog ended September at R$ 1,180 million, 37% above September 2025. Soybean seed orders totaled R$ 918 million (+21%) and orders for other crops, services and inputs totaled R$ 263 million, compared with R$ 101 million (+160%). In the first nine months of 2026, gross profit was R$ 226 million (+60%), with a margin of 17.6%, and adjusted EBITDA was R$ 124 million, compared with R$ 62 million in 9M25.

Consolidated net debt closed September at R$ 866 million, compared with R$ 652 million a year earlier, on the same comparison basis. Gross debt totaled R$ 1.93 billion, with 92% maturing after 12 months, and cash and financial investments totaled R$ 1.06 billion. Working capital requirement was R$ 1,057 million, below the R$ 1,132 million of September 2025, equivalent to 41.7% of net revenue for the last 12 months.

Operating cash flow for the nine months was a use of R$ 141 million, compared with R$ 126 million in 9M25, with interest paid of R$ 165 million. On October 8, after the end of the quarter, R$ 215 million in financing from FINEP was received, approved for up to R$ 332 million, with a term of 192 months.