Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 168

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 168
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, the first of which occurred on October 10, 2021. The purchase price was 1.27 million soybean bags, equivalent to BRL 189.4 million at the date of the transaction.

On September 30, 2024, the Company sold a 3,630-hectare fraction of land reserve with productive potential of the “Los Pozos” farm, located in the Province of Salta, Argentina, retaining ownership of approximately 231,700 hectares of the property. The total amount of the transaction was USD 2.23 million (USD/ha. 614). As of the date of this Annual Report, USD 1.1 million has been duly collected, while the outstanding USD 1.13 million balance, secured by a mortgage and originally due in September 2025, is under renegotiation to extend maturity until September 2026. The book value of the land sold was ARS 56 million and the gain from the transaction amounted to approximately ARS 2,150 million. On the same date, BrasilAgro transferred 190 hectares of the Rio do Meio farm, located in Correntina, State of Bahia, Brazil. The contract had been signed on November 8, 2022, and established the transfer of ownership in four phases, this being the third. The fourth and final transfer of 662 hectares was completed in May 2025. The payment amount for the third transfer was set at 54,000 soybean sacks, equivalent to BRL 7 million, and for the fourth transfer at 75,500 soybean sacks, equivalent to BRL 10 million, at the date of each transaction.

Finally, in June 2025, BrasilAgro completed the sale of the entire “Preferencia” farm of 17,799 hectares (12,413 productive hectares), located in the Municipality of Baianópolis, State of Bahia, Brazil, which had been acquired in 2008. The total amount of the transaction was BRL 141.1 million, of which BRL 42.0 million had been collected as of the date of this Annual Report, and the remaining balance will be collected in six annual installments. The book value of the farm was BRL 34.7 million. The internal rate of return in U.S. dollars achieved was approximately 1.8%.

Land productivity potential

We believe that our agricultural lands have significant productivity potential and, through the implementation of best