$LVROF

Lavoro Ltd

CIK:0001945711|SEC Filings

Consolidated statements of profit or loss - BRL (R$) R$ in Thousands	12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Consolidated statements of profit or loss
Revenue	R$ 6,517,278	R$ 9,392,264	R$ 9,347,413
Cost of goods sold	(5,610,891)	(8,054,807)	(7,616,606)
Gross profit	906,387	1,337,457	1,730,807
Operating expenses
Sales, general and administrative expenses	(2,433,014)	(1,364,599)	(1,228,128)
Other operating (expenses) income, net	11,958	37,570	(275,810)
Share of profit of an associate	1,328	1,483	0
Operating (loss) profit	(1,513,341)	11,911	226,869
Finance Income (costs)
Finance income	323,641	402,066	287,927
Finance costs	(1,261,751)	(1,123,166)	(874,960)
Other financial (costs)	(102,407)	(101,434)	(30,774)
Loss before income taxes	(2,553,858)	(810,623)	(390,938)
Income taxes
Current	(45,853)	14,720	37,499
Deferred	(284,211)	10,898	134,757
Loss for the year	(2,883,922)	(785,005)	(218,682)
Attributable to:
Equity holders of the parent	(2,667,494)	(762,455)	(260,710)
Non-controlling interests	R$ (216,428)	R$ (22,550)	R$ 42,028
Loss per share
Basic, Loss for the year attributable to net investment of the parent/ equity holders of the parent (in brazilian reais per share)	R$ (23.61)	R$ (6.71)	R$ (2.29)
Diluted, Loss for the year attributable to net investment of the parent/ equity holders of the parent (in brazilian reais per share)	R$ (23.61)	R$ (6.71)	R$ (2.29)

Consolidated statements of cash flows - BRL (R$) R$ in Thousands	12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Operating activities:
Loss before income taxes	R$ (2,553,858)	R$ (810,623)	R$ (390,938)
Adjustments to reconcile loss for the year to net cash flow:
Allowance for expected credit losses	277,402	85,824	36,769
Trade receivables write-off	(12,325)	(25,510)	(9,500)
Listing expense	0	0	319,554
Foreign exchange differences	1,274	39,847	(10,955)
Interest on related party transactions	157,036	0	0
Accrued interest expenses on borrowings and FIAGRO	386,998	367,617	342,450
Interest arising from revenue contracts	(292,087)	(360,776)	(250,337)
Interest on trade payables	644,753	675,706	502,434
Loss (gain) on derivatives	48,400	(35,470)	(79,375)
Interest from tax benefits	(2,295)	(18,902)	(27,153)
Fair value on commodity forward contracts	78,013	111,081	98,674
Gain on changes in fair value of warrants	(20,469)	(14,024)	(3,756)
Amortization of intangibles	51,696	69,764	67,928
Amortization of right-of-use assets	86,165	88,734	56,236
Impairment losses on assets	848,199	0	0
Depreciation	22,383	20,481	16,408
Losses and damage of inventories	100,626	45,969	19,127
Provisions for contingencies	(17,798)	5,005	5,879
Share-based payment	10,626	15,647	14,533
Share of profit of an associate	(1,103)	(1,483)	0
Others	(11,143)	(14,131)	25,197
Assets
Trade receivables	1,406,325	(53,807)	(599,050)
Inventories	580,248	135,336	49,745
Advances to suppliers	157,929	(47,198)	191,138
Derivative financial instruments	(49,956)	59,213	83,530
Taxes recoverable	3,237	(61,852)	(66,345)
Other receivables	(234,863)	(309,743)	77,567
Liabilities
Trade payables	(1,763,770)	1,015,069	(117,567)
Advances from customers	(409,023)	(258,316)	106,903
Salaries and social charges	14,950	(53,197)	36,091
Taxes payable	193,539	14,462	(3,360)
Other payables	178,613	54,720	(66,050)
Interest paid on borrowings and FIAGRO quota holders	(368,436)	(264,747)	(95,739)
Interest paid on acquisitions of subsidiary	(3,358)	(8,988)	(4,875)
Interest paid on trade payables and lease liabilities	(555,928)	(644,784)	(346,749)
Interest received from revenue contracts	251,141	316,111	206,430
Income taxes paid/received	(120,560)	28,718	(76,775)
Net cash flows used in operating activities	(917,419)	165,753	108,069
Investing activities:
Acquisition of subsidiary, net of cash acquired	(34,214)	(222,962)	(157,442)
Additions to property, plant and equipment and intangible assets	(27,801)	(114,427)	(65,376)
Proceeds from the sale of property, plant and equipment	0	19,121	2,084
Restricted cash deposits	(34,800)	0	0
Proceeds from restricted cash	168,862	0	0
Net cash flows used in investing activities	72,047	(318,268)	(220,734)
Financing activities:
Proceeds from borrowings	874,383	2,565,490	1,449,445
Repayment of borrowings	(1,070,256)	(2,368,806)	(1,456,017)
Proceeds from Agribusiness Receivables Certificates, net of transaction cost	0	404,647	0
Payment of principal portion of lease liabilities	(65,734)	(85,221)	(60,570)
Proceeds from FIAGRO quota holders, net of transaction costs	726,541	137,496	150,018
Repayment of FIAGRO quota holders	(304,209)	(133,801)	0
Trade payables – Supplier finance	0	(26,157)	16,569
Acquisition of non-controlling interests	0	(52)	(100,887)
Dividend payments	0	(4,074)	(2,277)
Proceeds from SPAC Merger	0	0	391,572
Capital contributions	0	0	60,880
Proceeds from related parties	257,930	0	0
Net cash flows provided by financing activities	418,655	489,522	448,733
Net increase in cash equivalents	(426,717)	337,007	336,068
Net foreign exchange difference	(4,811)	10,034	(26,187)
Cash equivalents at beginning of the year	911,335	564,294	254,413
Cash equivalents at end of the year	R$ 479,807	R$ 911,335	R$ 564,294

Consolidated statements of financial position - BRL (R$) R$ in Thousands	Jun. 30, 2025	Jun. 30, 2024
Current assets
Cash equivalents	R$ 479,807	R$ 911,335
Restricted cash	34,800	168,862
Trade receivables	1,416,263	2,769,757
Inventories	1,099,374	1,780,247
Taxes recoverable	68,248	103,792
Derivative financial instruments	3,748	47,677
Commodity forward contracts	31,734	137,660
Advances to suppliers	88,724	246,653
Other assets	146,359	49,141
Total current assets	3,369,057	6,215,124
Non-current assets
Trade receivables	54,467	56,042
Other assets	12,542	9,067
Commodity forward contracts	0	3,000
Judicial deposits	28,273	10,520
Right-of-use assets	127,126	202,222
Taxes recoverable	331,535	299,228
Deferred tax assets	53,911	340,909
Investments	5,780	4,486
Property, plant and equipment	196,394	236,781
Intangible assets	120,455	971,345
Total non-current assets	930,483	2,133,600
Total assets	4,299,540	8,348,724
Current liabilities
Trade payables	2,891,741	3,844,541
Lease liabilities	80,670	96,222
Borrowings	999,432	1,190,961
Agribusiness Receivables Certificates	410,515	918
Obligations to quota holders	501,886	205,088
Payables for the acquisition of subsidiaries	141,767	179,309
Derivative financial instruments	31,411	75,017
Commodity forward contracts	33,164	65,641
Salaries and social charges	189,615	174,665
Taxes payable	108,375	41,612
Dividends payable	29,168	6,397
Warrant liabilities	1,953	22,421
Liability for FPA Shares	0	168,862
Advances from customers	83,944	235,037
Other liabilities	189,618	66,495
Total current liabilities	5,693,259	6,373,186
Non-current liabilities
Trade payables	88	592
Lease liabilities	63,399	120,524
Borrowings	19,867	34,609
Agribusiness Receivables Certificates	0	404,647
Commodity forward contracts	0	316
Payables for the acquisition of subsidiaries	6,250	26,933
Provision for contingencies	13,957	14,002
Other liabilities	598	590
Taxes payable	8,102	1,886
Deferred tax liabilities	9,621	12,424
Total non-current liabilities	121,882	616,523
Equity
Share Capital	593	591
Additional Paid-in Capital	2,098,937	2,109,561
Capital reserve	40,161	30,180
Other comprehensive loss	4,819	5,444
Accumulated losses	(3,690,659)	(1,023,165)
Equity attributable to shareholders of the Parent Company	(1,546,149)	1,122,611
Non-controlling interest	30,548	236,404
Total equity	(1,515,601)	1,359,015
Total liabilities and equity	R$ 4,299,540	R$ 8,348,724