Terra Santa Propriedades Agrícolas S.A. (BVMF: LAND3)

BVMF: LAND3 Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	91.73	91.73	95.01	104.27
Total Revenue	71.33	91.73	95.01	104.27
Revenue Growth (YoY	-26.43%	-3.46%	-8.88%	-
Property Expenses	4.84	5.13	6.79	7.14
Selling, General & Administrative	30.38	24.56	28.6	14.31
Other Operating Expenses	-6.71	2.61	3.51	7.54
Total Operating Expenses	28.51	32.3	38.9	28.99
Operating Income	42.82	59.43	56.11	75.28
Interest Expense	-13.33	-12.93	-12.08	-11.89
Interest & Investment Income	7.15	6.76	2.74	0.78
Currency Exchange Gain (Loss)	-3.06	-2.63	2.74	0.26
Other Non-Operating Income	0.04	-2.55	-4.1	-3.84
EBT Excluding Unusual Items	33.62	48.08	45.41	60.58
Pretax Income	34.84	48.08	45.41	60.58
Income Tax Expense	8.13	12.87	-91.76	22.56
Net Income	26.71	35.21	137.17	38.02
Net Income to Common	26.71	35.21	137.17	38.02
Net Income Growth	-81.01%	-74.33%	260.74%	-
Basic Shares Outstanding	96	96	96	75
Diluted Shares Outstanding	96	96	96	75
Shares Change (YoY)	-0.13%	-	28.60%	-
EPS (Basic)	0.28	0.37	1.43	0.51
EPS (Diluted)	0.28	0.37	1.43	0.51
EPS Growth	-80.99%	-74.33%	180.52%	-
Dividend Per Share	-	-	1.354	-
Operating Margin	60.03%	64.79%	59.06%	72.19%
Profit Margin	37.44%	38.39%	144.37%	36.47%
Free Cash Flow Margin	40.43%	58.56%	47.97%	110.59%
EBITDA	46.36	63.36	61.91	80.72
EBITDA Margin	64.99%	69.07%	65.16%	77.41%
D&A For Ebitda	3.53	3.93	5.8	5.44
EBIT	42.82	59.43	56.11	75.28
EBIT Margin	60.03%	64.79%	59.06%	72.19%
Effective Tax Rate	23.34%	26.76%	-	37.24%

Source: S&P Capital IQ. Real Estate template. Financial Sources.