BrasilAgro Reports Earnings Rebound Driven by Farm Monetization

BrasilAgro reported net income of R$81.3 million, while total Adjusted EBITDA rose 47%, mainly due to gains from selling the Rio do Meio farm. Agricultural operating Adjusted EBITDA fell 32%. The company’s adjusted net debt-to-LTM Adjusted EBITDA ratio improved to 1.05x.