BVMF:LAND3 Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	96.57	68.33	91.73	95.01	104.27
Total Revenue	96.57	68.33	91.73	95.01	104.27
Revenue Growth (YoY	41.33%	-25.50%	-3.46%	-8.88%	100.24%
Property Expenses	4.28	4.75	5.13	6.79	7.14
Selling, General & Administrative	27.93	31.87	24.56	28.6	14.31
Other Operating Expenses	65.35	11.29	2.61	3.51	7.54
Total Operating Expenses	97.56	47.91	32.3	38.9	28.99
Operating Income	-0.99	20.43	59.43	56.11	75.28
Interest Expense	-11.44	-13.14	-12.93	-12.08	-11.89
Interest & Investment Income	1.64	0.89	0.4	2.74	0.78
Currency Exchange Gain (Loss)	-6.49	-6.37	-6.24	2.74	0.26
Other Non-Operating Income	1.01	7.99	7.41	-4.1	-3.84
EBT Excluding Unusual Items	-16.27	9.81	48.08	45.41	60.58
Pretax Income	-16.27	9.81	48.08	45.41	60.58
Income Tax Expense	-21.01	2.47	12.87	-91.76	22.56
Net Income	4.75	7.33	35.21	137.17	38.02
Net Income to Common	4.75	7.33	35.21	137.17	38.02
Net Income Growth	-35.28%	-79.18%	-74.33%	260.74%	3.57%
Basic Shares Outstanding	96	96	96	96	75
Diluted Shares Outstanding	96	96	96	96	75
Shares Change (YoY)	-	-	-	28.60%	-
EPS (Basic)	0.05	0.08	0.37	1.43	0.51
EPS (Diluted)	0.05	0.08	0.37	1.43	0.51
EPS Growth	-35.28%	-79.18%	-74.33%	180.52%	-
Dividend Per Share	-	0.072	0.087	1.354	-
Dividend Growth	-	-16.71%	-93.58%	-	-
Operating Margin	-1.02%	29.89%	64.79%	59.06%	72.19%
Profit Margin	4.91%	10.73%	38.39%	144.37%	36.47%
EBITDA	2.01	23.83	63.36	61.91	80.72
EBITDA Margin	2.08%	34.87%	69.07%	65.16%	77.41%
D&A For Ebitda	3	3.4	3.93	5.8	5.44
EBIT	-0.99	20.43	59.43	56.11	75.28
EBIT Margin	-1.02%	29.89%	64.79%	59.06%	72.19%
Effective Tax Rate	-	25.23%	26.76%	-	37.24%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.