# EDGAR Filing Document

**Accession Number:** 0001122491
**File Stem:** 0001292814-25-003077
**Filing Date:** 2025-8
**Character Count:** 347548
**Document Hash:** d90c523d738c7fae236acee6f62726c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001292814-25-003077.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001292814-25-003077

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 39

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BRF S.A.
- **CENTRAL INDEX KEY:** 0001122491
- **STANDARD INDUSTRIAL CLASSIFICATION:** MEAT PACKING PLANTS [2011]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15148
- **FILM NUMBER:** 251221549

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AV DAS NACOES UNIDAS 14401 22ND-25TH
- **STREET 2:** FLOORS TORRE A2 VILA GERTRUDES 04794-000
- **CITY:** SAO PAULO
- **NON US STATE TERRITORY:** SAO PAULO
- **PROVINCE COUNTRY:** D5
- **BUSINESS PHONE:** 551123225377

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AV DAS NACOES UNIDAS 14401 22ND-25TH
- **STREET 2:** FLOORS TORRE A2 VILA GERTRUDES 04794-000
- **CITY:** SAO PAULO
- **NON US STATE TERRITORY:** SAO PAULO
- **PROVINCE COUNTRY:** D5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRF-BRASIL FOODS S.A.
- **DATE OF NAME CHANGE:** 20090708

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PERDIGAO SA
- **DATE OF NAME CHANGE:** 20000823

**FORM 6-K<br> U.S. SECURITIES AND EXCHANGE COMMISSION**<br> **Washington, D.C. 20549**

**REPORT OF FOREIGN PRIVATE ISSUER<br> PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<br> SECURITIES EXCHANGE ACT OF 1934**

**dated August 4, 2025**

**Commission File Number 1-15148**

**BRF S.A.**<br> (Exact Name as Specified in its Charter)

**N/A**<br> (Translation of Registrant's Name)

**14401 AV. DAS NACOES UNIDAS 22ND FLOOR**<br> **CHAC SANTO ANTONIO 04730 090-São Paulo – SP, Brazil**<br> (Address of principal executive offices) (Zip code)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ⌧ Form 40-F □

\* \* \*

This material includes certain forward-looking statements that are based principally on current expectations and on projections of future events and financial trends that currently affect or might affect the Company's business, and are not guarantees of future performance. These forward-looking statements are based on management's expectations, which involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the Company's control and any of which could cause actual financial condition and results of operations to differ materially fom those set out in the Company's forward-looking statements. You are cautioned not to put undue reliance on such forward-looking statements. The Company undertakes no obligation, and expressly disclaims any obligation, to update or revise any forward-looking statements. The risks and uncertainties relating to the forward-looking statements in this Report on Form 6-K, including Exhibit 1 hereto, include those described under the captions "Forward-Looking Statements" and "Item 3. Key Information — D. Risk Factors" in the Company's annual report on Form 20-F for the year ended December 31, 2024.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Date: August 4, 2025 |  |  |  |
|  | BRF S.A. | BRF S.A. | BRF S.A. |
|  | By: | /s/ Fabio Luis Mendes Mariano | /s/ Fabio Luis Mendes Mariano |
|  |  | Name: | Fabio Luis Mendes Mariano |
|  |  | Title: | Chief Financial and Investor Relations Officer<br>|

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit** | **Description of Exhibit**<br>|
| [1](ex99-1.htm) | [Interim Financial Information, Individual and Consolidated June 30, 2025](ex99-1.htm) |

---

## Exhibit 99.1

![](image_086.jpg)

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

**Index**

---

| | |
|:---|:---|
| [Index](#a_043) | [2](#a_043) |
| [Statements of Financial Position](#a_001) | [4](#a_001) |
| [Statements of Income (Loss)](#a_002) | [5](#a_002) |
| [Statements of Comprehensive Income (Loss)](#a_003) | [6](#a_003) |
| [Statements of Changes in Equity](#a_004) | [7](#a_004) |
| [Statements of Cash Flows](#a_005) | [8](#a_005) |
| [Statements of Value Added](#a_006) | [9](#a_006) |
| [Management Report](#a_007) | [10](#a_007) |
| [1. Company's Operations](#a_008) | [43](#a_008) |
| [2. Basis of preparation and presentation of interim financial information](#a_009) | [48](#a_009) |
| [3. Summary of material accounting policies](#a_010) | [48](#a_010) |
| [4. Cash and cash equivalents](#a_011) | [50](#a_011) |
| [5. Marketable secutities](#a_012) | [51](#a_012) |
| [6. Trade Accounts and Notes Receivable](#a_013) | [52](#a_013) |
| [7. Inventories](#a_014) | [54](#a_014) |
| [8. Biological Assets](#a_015) | [54](#a_015) |
| [9. Recoverable Taxes](#a_016) | [56](#a_016) |
| [10. Deferred Income Taxes](#a_017) | [58](#a_017) |
| [11. Judicial Deposits](#a_018) | [59](#a_018) |
| [12. Investments](#a_019) | [60](#a_019) |
| [13. Property, plant and equipment](#a_020) | [62](#a_020) |
| [14. Intangible assets](#a_021) | [63](#a_021) |
| [15. Loans and borrowings](#a_022) | [65](#a_022) |
| [16. Trade accounts payable](#a_023) | [67](#a_023) |
| [17. Leases](#a_024) | [68](#a_024) |
| [18. Share-based payment](#a_025) | [71](#a_025) |
| [19. Employees benefits](#a_026) | [72](#a_026) |
| [20. Provision for tax, civil and labor risks](#a_027) | [72](#a_027) |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | |
|:---|:---|
| [21. Equity](#a_028) | [74](#a_028) |
| [22. Earnings (loss) per share](#a_029) | [75](#a_029) |
| [23. Financial instruments and risk management](#a_030) | [75](#a_030) |
| [24. Segment Information](#a_031) | [90](#a_031) |
| [25. Net sales](#a_032) | [92](#a_032) |
| [26. Expenses by nature](#a_033) | [92](#a_033) |
| [27. Financial income (expenses)](#a_034) | [93](#a_034) |
| [28. Related parties](#a_035) | [94](#a_035) |
| [29. Commitments](#a_036) | [98](#a_036) |
| [30. Transactions that do not involve cash](#a_037) | [98](#a_037) |
| [31. Events after the reporting period](#a_038) | [98](#a_038) |
| [32. Approval of the Financial Statements](#a_039) | [99](#a_039) |
| [INDEPENDENT AUDITORS' REPORT ON INDIVIDUAL AND CONSOLIDATED FINANCIAL STATEMENTS](#a_040) | [100](#a_040) |
| [Opinion of the Audit and Integrity Committee](#a_041) | [102](#a_041) |
| [Opinion of Executive Board on the Consolidated Financial Statements and Independent Auditor's Report](#a_042) | [103](#a_042) |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

**Statements of Financial Position**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |  |  | **Parent company** | **Parent company** | **Consolidated** | **Consolidated** |
| **ASSETS** | **Note** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** | **LIABILITIES** | **Note** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| **CURRENT ASSETS** |  |  |  |  |  | **CURRENT LIABILITIES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 4 | **7696979** | 3989024 | **14146203** | &nbsp;&nbsp;&nbsp;&nbsp;11165364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and borrowings | 15 | **895678** | 952565 | **2042518** | &nbsp;&nbsp;&nbsp;&nbsp;1230273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities | 5 | **947762** | 894060 | **947783** | 894080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | 16 | **13295810** | 12227480 | **14646818** | 13558284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade receivables | 6 | **5196089** | 7834133 | **3903457** | 6075013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease | 17.2 | **825512** | 847407 | **938655** | &nbsp;&nbsp;&nbsp;&nbsp;1014813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes receivable | 6 | **22596** | 32302 | **22596** | &nbsp;&nbsp;&nbsp;&nbsp;32302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payroll, related charges and employee profit sharing |  | **1230147** | 1348225 | **1355915** | &nbsp;&nbsp;&nbsp;&nbsp;1557051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 7 | **4632716** | 4289502 | **6976993** | 6728002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes payable |  | **240475** | 292069 | **831296** | &nbsp;&nbsp;&nbsp;&nbsp;1141951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Biological assets | 8 | **2888300** | 2659317 | **3050114** | 2844633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative financial instruments | 23 | **120585** | 382976 | **120585** | &nbsp;&nbsp;&nbsp;&nbsp;382976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoverable taxes | 9 | **1859625** | 1393036 | **2569198** | 2214186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for tax, civil and labor risks | 20 | **720763** | 687712 | **731079** | &nbsp;&nbsp;&nbsp;&nbsp;692650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative financial instruments | 23 | **390863** | 63033 | **390863** | &nbsp;&nbsp;&nbsp;&nbsp;63033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee benefits | 19.2 | **63959** | 63959 | **90300** | 95276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses |  | **294068** | 126189 | **349788** | 176290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer advances |  | **134877** | 222055 | **368969** | &nbsp;&nbsp;&nbsp;&nbsp;475650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advances |  | **66315** | 57397 | **215005** | 114469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advances from related parties | 28 | **5369929** | 6859502 | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted cash |  | **-** | 1674 | **15051** | 276025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities |  | **158539** | 229723 | **538429** | &nbsp;&nbsp;&nbsp;&nbsp;671653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets held for sale |  | **1584** | 3445 | **1584** | 3445 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets |  | **292877** | 264907 | **275349** | 243643 |  |  |  |  |  |  |
| Total current assets |  | **24289774** | 21608019 | **32863984** | &nbsp;&nbsp;&nbsp;&nbsp;30830485 | Total current liabilities |  | **23056274** | 24113673 | **21664564** | 20820577 |
| **NON-CURRENT ASSETS** |  |  |  |  |  | **NON-CURRENT LIABILITIES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**LONG-TERM RECEIVALBLES** |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and borrowings | 15 | **17176521** | 16827677 | **18703002** | 19510275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities | 5 | **18600** | 18450 | **275495** | 323811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | 16 | **549** | 11766 | **990** | 11766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade receivables | 6 | **21726** | 21726 | **21848** | &nbsp;&nbsp;&nbsp;&nbsp;22620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease | 17.3 | **2975969** | 2746294 | **3178264** | &nbsp;&nbsp;&nbsp;&nbsp;2978116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes receivable | 6 | **8429** | 8035 | **8429** | 8035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes payable |  | **69552** | 76121 | **71096** | 77854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoverable taxes | 9 | **4291539** | 4529397 | **4312329** | 4545446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for tax, civil and labor risks | 20 | **1485503** | 1493517 | **1543765** | &nbsp;&nbsp;&nbsp;&nbsp;1539464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | 10 | **1599556** | 2238313 | **1734724** | 2331012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | 10 | **-** |  | **22634** | &nbsp;&nbsp;&nbsp;&nbsp;1933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Judicial deposits | 11 | **366277** | 408039 | **375527** | 422333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities with related parties | 28 | **2308** | &nbsp;&nbsp;&nbsp;&nbsp;2535 | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Biological assets | 8 | **1755026** | 1685731 | **1860068** | 1787237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee benefits | 19.2 | **263031** | 248200 | **454193** | &nbsp;&nbsp;&nbsp;&nbsp;467127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative financial instruments | 23 | **422375** | 251570 | **422375** | 251570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative financial instruments | 23 | **131890** | 236206 | **131890** | &nbsp;&nbsp;&nbsp;&nbsp;236206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted cash |  | **34727** | 32501 | **64828** | &nbsp;&nbsp;&nbsp;&nbsp;60790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-current liabilities |  | **321503** | 354469 | **420509** | &nbsp;&nbsp;&nbsp;&nbsp;532554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-current assets |  | **140821** | 213717 | **153331** | 221014 |  |  |  |  |  |  |
| Total long-term receivables |  | **8659076** | 9407479 | **9228954** | 9973868 | Total non-current liabilities |  | **22426826** | 21996785 | **24526343** | 25355295 |
|  |  |  |  |  |  | **EQUITY** | 21 |  |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital |  | **13349156** | 13349156 | **13349156** | 13349156 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital reserves |  | **2763364** | 2763364 | **2763364** | &nbsp;&nbsp;&nbsp;&nbsp;2763364 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Profit reserves |  | **2079253** | 2079253 | **2079253** | &nbsp;&nbsp;&nbsp;&nbsp;2079253 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other equity transactions |  | **(163847)** | (141608) | **(163847)** | (141608) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments | 12 | **12943845** | 13925719 | **595761** | 129283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated earnings |  | **1865056** |  | **1865056** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment | 13 | **13199385** | 13062018 | **15174253** | &nbsp;&nbsp;&nbsp;&nbsp;15068229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury shares |  | **(1723905)** | (1345657) | **(1723905)** | (1345657) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangible assets | 14 | **3237433** | 3192874 | **6429610** | 6673211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive loss |  | **(1322664)** | (1618857) | **(1322664)** | (1618857) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attributable to controlling shareholders |  | **16846413** | 15085651 | **16846413** | 15085651 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-controlling interests |  | **-** |  | **1255242** | &nbsp;&nbsp;&nbsp;&nbsp;1413553 |
| Total non-current assets |  | **38039739** | 39588090 | **31428578** | &nbsp;&nbsp;&nbsp;&nbsp;31844591 | Total equity |  | **16846413** | 15085651 | **18101655** | 16499204 |
| **TOTAL ASSETS** |  | **62329513** | 61196109 | **64292562** | &nbsp;&nbsp;&nbsp;&nbsp;62675076 | **TOTAL LIABILITIES AND EQUITY** |  | **62329513** | 61196109 | **64292562** | 62675076 |

---

The accompanying notes are an integral part of the interim financial information.<br> (In thousands of Brazilian Reais)

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

**Statements of Income (Loss)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  |  | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** |
|  | **Note** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| **NET SALES** | 25 | **13561117** | **26800824** | 11843992 | 22711655 | **15364631** | **30876652** | &nbsp;&nbsp;&nbsp;&nbsp;14929592 | &nbsp;&nbsp;&nbsp;&nbsp;28307101 |
| Cost of sales | 26 | **(9924566)** | **(19481764)** | (9256519) | (17902501) | **(11271059)** | **(22730475)** | (10999625) | (21152847) |
| **GROSS PROFIT** |  | **3636551** | **7319060** | 2587473 | 4809154 | **4093572** | **8146177** | 3929967 | 7154254 |
| **OPERATING INCOME (EXPENSES)** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling expenses | 26 | **(1826302)** | **(3471106)** | (1652318) | (3176085) | **(2118790)** | **(4062761)** | &nbsp;&nbsp;&nbsp;&nbsp;(1938182) | &nbsp;&nbsp;&nbsp;&nbsp;(3710000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative expenses | 26 | **(179285)** | **(290348)** | (175480) | (304738) | **(277859)** | **(495044)** | &nbsp;&nbsp;&nbsp;&nbsp;(251215) | &nbsp;&nbsp;&nbsp;&nbsp;(452708) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impairment loss on trade receivables | 6; 26 | **3237** | **2236** | &nbsp;&nbsp;&nbsp;&nbsp;(18873) | &nbsp;&nbsp;&nbsp;&nbsp;(34793) | **1422** | **(3329)** | (20897) | (48115) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating income (expenses), net | 26 | **(121278)** | **(132630)** | &nbsp;&nbsp;&nbsp;&nbsp;(12569) | 17561 | **(117751)** | **(121721)** | (12772) | &nbsp;&nbsp;&nbsp;&nbsp;18172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from associates and joint ventures | 12 | **(148388)** | **(691356)** | 2355136 | 3253777 | **(511)** | **1293** | &nbsp;&nbsp;&nbsp;&nbsp;(3612) | &nbsp;&nbsp;&nbsp;&nbsp;(6019) |
| **INCOME BEFORE FINANCIAL RESULTS AND INCOME TAXES** |  | **1364535** | **2735856** | 3083369 | 4564876 | **1580083** | **3464615** | 1703289 | 2955584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial income |  | **243651** | **426853** | 171492 | 368238 | **373240** | **739088** | 273915 | 548594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial expenses |  | **(999824)** | **(1926450)** | (911444) | (1842926) | **(1004506)** | **(1925711)** | &nbsp;&nbsp;&nbsp;&nbsp;(886749) | &nbsp;&nbsp;&nbsp;&nbsp;(1793862) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange and monetary variations |  | **334537** | **1033487** | (1266840) | (1519444) | **(64770)** | **33302** | 222756 | 317563 |
| **FINANCIAL INCOME (EXPENSES), NET** | 27 | **(421636)** | **(466110)** | (2006792) | (2994132) | **(696036)** | **(1153321)** | &nbsp;&nbsp;&nbsp;&nbsp;(390078) | &nbsp;&nbsp;&nbsp;&nbsp;(927705) |
| **INCOME (LOSS) BEFORE TAXES** |  | **942899** | **2269746** | 1076577 | 1570744 | **884047** | **2311294** | 1313211 | 2027879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes | 10 | **(202278)** | **(404690)** | &nbsp;&nbsp;&nbsp;&nbsp;(88825) | &nbsp;&nbsp;&nbsp;&nbsp;(77999) | **(149126)** | **(391303)** | &nbsp;&nbsp;&nbsp;&nbsp;(219319) | &nbsp;&nbsp;&nbsp;&nbsp;(340243) |
| **INCOME (LOSS) FOR THE PERIOD** |  | **740621** | **1865056** | 987752 | 1492745 | **734921** | **1919991** | 1093892 | 1687636 |
| **Income (Loss) Attributable to** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Controlling shareholders** |  | **740621** | **1865056** | 987752 | 1492745 | **740621** | **1865056** | 987752 | 1492745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Non-controlling interest** |  | **-** | **-** |  |  | **(5700)** | **54935** | 106140 | 194891 |
|  |  | **740621** | **1865056** | 987752 | 1492745 | **734921** | **1919991** | 1093892 | 1687636 |
| **INCOME (LOSS) PER SHARE** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Weighted average shares outstanding - basic** |  |  |  |  |  | **1610923390** | **1610923390** | **1665884834** | **1665884834** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Loss per share - basic** | 22 |  |  |  |  | **0.45975** | **1.15776** | **0.59293** | **0.89607** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Weighted average shares outstanding - diluted** |  |  |  |  |  | **1613528816** | **1613528816** | **1667487853** | **1667487853** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Income (Loss) per share - diluted** | 22 |  |  |  |  | **0.45901** | **1.15589** | **0.59236** | **0.89521** |

---

The accompanying notes are an integral part of the interim financial information.<br> (In thousands of Brazilian Reais)

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

**Statements of Comprehensive Income (Loss)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  |  | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** |
|  | **Note** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| **Income for the period** |  | **740621** | **1865056** | 987752 | &nbsp;&nbsp;&nbsp;&nbsp;1492745 | **734921** | **1919991** | 1093892 | 1687636 |
| **Other comprehensive income (loss), net of taxes** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain (loss) on foreign currency translation of foreign operations |  | **(111829)** | **(332230)** | 34394 | &nbsp;&nbsp;&nbsp;&nbsp;101969 | **(178098)** | **(538905)** | 167307 | 252463 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain (loss) on net investment hedge (1) |  | **39436** | **142507** | (141238) | (180118) | **39436** | **142507** | (141238) | &nbsp;&nbsp;&nbsp;&nbsp;(180118) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flow hedges – effective portion of changes in fair value (1) |  | **107584** | **437029** | (192368) | (237253) | **107584** | **437029** | (192371) | &nbsp;&nbsp;&nbsp;&nbsp;(236915) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flow hedges – reclassified to profit or loss | 23 | **-** | **36702** | 40819 | (6618) | **-** | **36702** | 40819 | (6618) |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt investments measured at FVTOCI (1) - changes in fair value | 5 | **12452** | **13094** |  | &nbsp;&nbsp;&nbsp;&nbsp;- | **12452** | **13094** |  |  |
| **Items that are or may be reclassified subsequently to profit or loss** |  | **47643** | **297102** | (258393) | (322020) | **(18626)** | **90427** | (125483) | &nbsp;&nbsp;&nbsp;&nbsp;(171188) |
| &nbsp;&nbsp;&nbsp;&nbsp;Actuarial gains (losses) on pension and post-employment plans (1) | 19.2 | **(2161)** | **(909)** | (2996) | (10166) | **(6769)** | **(7480)** | (8938) | (24561) |
| **Items that will not be reclassified to profit or loss** |  | **(2161)** | **(909)** | (2996) | (10166) | **(6769)** | **(7480)** | (8938) | (24561) |
| **Comprehensive income (loss) for the period** |  | **786103** | **2161249** | 726363 | &nbsp;&nbsp;&nbsp;&nbsp;1160559 | **709526** | **2002938** | 959471 | 1491887 |
| **Attributable to** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Controlling shareholders** |  | **786103** | **2161249** | 726363 | &nbsp;&nbsp;&nbsp;&nbsp;1160559 | **786103** | **2161249** | 726363 | 1160559 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Non-controlling interest** |  | **-** | **-** |  | &nbsp;&nbsp;&nbsp;&nbsp;- | **(76577)** | **(158311)** | 233108 | 331328 |
|  |  | **786103** | **2161249** | 726363 | &nbsp;&nbsp;&nbsp;&nbsp;1160559 | **709526** | **2002938** | 959471 | 1491887 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Items above are stated net of deferred taxes on income and the related taxes
are disclosed in note 10.

The accompanying notes are an integral part of the interim financial information.<br> (In thousands of Brazilian Reais)

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

**Statements of Changes in Equity**

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** | **Attributed to controlling shareholders** |
|  |  |  |  |  | **Income reserves** | **Income reserves** | **Income reserves** | **Income reserves** | **Other comprehensive income (loss)** | **Other comprehensive income (loss)** | **Other comprehensive income (loss)** | **Other comprehensive income (loss)** |  |  |  |  |
|  | **Capital** | **Capital reserves** | **Other equity transactions** | **Treasury shares** | **Legal reserve** | **Reserve for capital increases** | **Reserve for expansion** | **Reserve for tax incentives** | **Accumulated foreign currency translation adjustments** | **Gains (losses) on marketable securities at FVTOCI (2)** | **Gains (losses) on cash flow hedge** | **Actuarial gains (losses)** | **Accumulated aearnings (losses)** | **Total equity** | **Non-controlling interest** | **Total shareholders' equity<br> (consolidated)** |
| **BALANCES AT DECEMBER 31, 2023** | **13349156** | **2763364** | **(70106)** | **(96145)** | **-** | **-** | **-** | **-** | **(1048895)** | **-** | **65569** | **(39515)** | **-** | **14923428** | **720228** | **15643656** |
| **Comprehensive income (loss) (1)** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on foreign currency translation of foreign operations | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **122951** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | 122951 | **225552** | **348503** |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on net investment hedge | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **(339101)** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(339101) | **-** | **(339101)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized gains (losses) in cash flow hedge | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **(312532)** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(312532) | **338** | **(312194)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Actuarial losses on pension and post-employment plans | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **(8827)** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(8827) | **(10936)** | **(19763)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized loss in marketable securities at FVTOCI (2) | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **(46529)** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | (46529) | **-** | **(46529)** |
| **Income for the year** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **3213274** | **3213274** | **478630** | **3691904** |
| **SUB-TOTAL COMPREHENSIVE INCOME (LOSS)** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **(216150)** | **(46529)** | **(312532)** | **(8827)** | **3213274** | **2629236** | **693584** | **3322820** |
| Employee benefits remeasurement - defined benefit | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **(11978)** | **11978** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |
| **Appropriation of income (loss)** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **(259)** | **(259)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest on shareholders' equity - R$0.69325 per outstanding share at the end of exercise | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **(1145999)** | **(1145999)** | **-** | **(1145999)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Legal reserve | **-** | **-** | **-** | **-** | **160664** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **(160664)** | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;Reserve for expansion | **-** | **-** | **-** | **-** | **-** | **-** | **796275** | **-** | **-** | **-** | **-** | **-** | **(796275)** | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;Reserve for capital increases | **-** | **-** | **-** | **-** | **-** | **482573** | **-** | **-** | **-** | **-** | **-** | **-** | **(482573)** | **-** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;Reserve for tax incentives | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **639741** | **-** | **-** | **-** | **-** | **(639741)** | **-** | **-** | **-** |
| Share-based payments | **-** | **-** | **(71502)** | **38730** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | (32772) | &nbsp;&nbsp;&nbsp;&nbsp;- | (32772) |
| Acquisition of treasury shares | **-** | **-** | **-** | **(1288242)** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;(1288242) | &nbsp;&nbsp;&nbsp;&nbsp;- | (1288242) |
| **BALANCES AT DECEMBER 31, 2024** | **13349156** | **2763364** | **(141608)** | **(1345657)** | **160664** | **482573** | **796275** | **639741** | **(1265045)** | **(46529)** | **(246963)** | **(60320)** | **-** | **15085651** | **1413553** | **16499204** |
| **Comprehensive income (loss) (1)** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on foreign currency translation of foreign operations | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **(332230)** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;(332230) | **(206675)** | **(538905)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on net investment hedge | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **142507** |  |  |  |  | 142507 | **-** | **142507** |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized gains (losses) in cash flow hedge | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** |  | **473731** |  |  | 473731 | **-** | **473731** |
| &nbsp;&nbsp;&nbsp;&nbsp;Actuarial losses on pension and post-employment plans | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** |  |  | **(909)** |  | &nbsp;&nbsp;&nbsp;&nbsp;(909) | **(6571)** | **(7480)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized loss in marketable securities at FVTOCI (2) | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **13094** |  |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;13094 | **-** | **13094** |
| **Income for the year** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **1865056** | **1865056** | **54935** | **1919991** |
| **SUB-TOTAL COMPREHENSIVE INCOME (LOSS)** |  |  |  |  |  |  |  |  | **(189723)** | **13094** | **473731** | **(909)** | **1865056** | **2161249** | **(158311)** | **2002938** |
| Share-based payments | **-** | **-** | **(22239)** | **38493** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;16254 |  | 16254 |
| Acquisition of treasury shares | **-** | **-** | **-** | **(416741)** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;(416741) |  | (416741) |
| **BALANCES AT JUNE 30, 2025** | **13349156** | **2763364** | **(163847)** | **(1723905)** | **160664** | **482573** | **796275** | **639741** | **(1454768)** | **(33435)** | **226768** | **(61229)** | **1865056** | **16846413** | **1255242** | **18101655** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) All changes in other comprehensive income are presented net of deferred taxes
on profit, when applicable, are disclosed in note 10.

&nbsp;&nbsp;&nbsp;&nbsp;(2) FVTOCI: Fair Value through Other Comprehensive Income in note 5.

The accompanying notes are an integral part of the interim financial information.<br> (In thousands of Brazilian Reais)

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

**Statements of Cash Flows**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **2025** | **2024** | **2025** | **2024** |
|  | **Jan - jun** | **Jan - jun** | **Jan - jun** | **Jan - jun** |
| **CASH FLOWS FROM OPERATING ACTIVITIES** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) for the period | **1865056** | 1492745 | **1919991** | 1687636 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Adjustments for:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | **773338** | 755102 | **994368** | 964214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and depletion of biological assets | **656743** | 671937 | **727650** | 749373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Result on disposal of property, plant and equipments, investment and intangible | **12162** | &nbsp;&nbsp;&nbsp;&nbsp;(16346) | **10959** | &nbsp;&nbsp;&nbsp;&nbsp;(21248) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for tax, civil and labor risks | **248454** | 177010 | **270143** | 176374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from investments under the equity method | **691356** | (3253777) | **(1293)** | &nbsp;&nbsp;&nbsp;&nbsp;6019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial results, net | **466110** | 2994132 | **1153321** | 927705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income tax | **322435** | 63317 | **278046** | 25135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term employee benefits | **-** | 274597 | **-** | 266627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | **224658** | 35703 | **214350** | 44322 |
|  | **5260312** | 3194420 | **5567535** | 4826157 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Changes in assets and liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts and notes receivables | **2507389** | (437482) | **1981347** | (153803) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | **(349220)** | 427799 | **(585926)** | 442490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Biological assets - current | **(228983)** | (9218) | **(247091)** | &nbsp;&nbsp;&nbsp;&nbsp;(31061) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | **217272** | (359214) | **162324** | (704883) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Cash generated by operating activities** | **7406770** | 2816305 | **6878189** | 4378900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Redemptions (investments) in securities at FVTPL (1) | **1285** | &nbsp;&nbsp;&nbsp;&nbsp;8987 | **1285** | &nbsp;&nbsp;&nbsp;&nbsp;(42920) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest received | **235674** | 146045 | **368765** | 346975 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends and interest on shareholders' equity received | **-** | 13 | **(318)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment of tax, civil and labor provisions | **(233221)** | (144410) | **(227429)** | (144102) |
| &nbsp;&nbsp;&nbsp;&nbsp;Derivative financial instruments | **114741** | &nbsp;&nbsp;&nbsp;&nbsp;(74644) | **114740** | &nbsp;&nbsp;&nbsp;&nbsp;(83806) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other operating assets and liabilities (2) | **(1722051)** | 1377435 | **(948111)** | (267128) |
| **Net cash provided by operating activities** | **5803198** | 4129731 | **6187121** | 4187919 |
| **CASH FLOWS FROM INVESTING ACTIVITIES** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Redemption (additions) on investments in securities at amortized cost | **-** |  | **14581** | 39713 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Constitution) redemption of restricted cash | **(8665)** |  | **251109** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments in securities at FVTOCI (3) | **(80138)** | (830623) | **(80125)** | (830623) |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions to property, plant and equipment | **(602360)** | (250782) | **(895839)** | (270982) |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions to biological assets - non-current | **(724734)** | (651662) | **(807017)** | (712852) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from disposals of property, plant, equipments and investment | **9822** | 58433 | **9822** | 58433 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions to intangible | **(124688)** | (106748) | **(158234)** | (107702) |
| &nbsp;&nbsp;&nbsp;&nbsp;Aquisição de participação em coligadas e joint ventures | **2922** |  | **(511106)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital increase in subsidiaries | **(60000)** | 47221 | **-** | - |
| **Net cash used in investing activities** | **(1587841)** | (1734161) | **(2176809)** | (1824013) |
| **CASH FLOWS FROM FINANCING ACTIVITIES** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from debt issuance | **1187623** | 1981490 | **1433877** | 2132390 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repayment of debt | **(286643)** | (1213151) | **(411482)** | (1373136) |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment of interest | **(606187)** | (654916) | **(732916)** | (761784) |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment of interest derivatives - fair value hedge | **(66428)** | (153452) | **(66428)** | (153452) |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury shares acquisition | **(416741)** | (348272) | **(416741)** | (348273) |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends and interests on shareholders' equity paid | **-** |  | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment of lease liabilities | **(320217)** | (325196) | **(422050)** | (418016) |
| **Net cash used in financing activities** | **(508593)** | (713497) | **(615740)** | (922271) |
| Effect of exchange rate variation on cash and cash equivalents | **1191** | 15050 | **(413733)** | 751559 |
| Net increase in cash and cash equivalents | **3707955** | 1697123 | **2980839** | 2193194 |
| Balance at the beginning at the period | **3989024** | 4701549 | **11165364** | 9264664 |
| **Balance at the end of the period** | **7696979** | 6398672 | **14146203** | 11457858 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) FVTPL: Fair Value Through Profit and Loss.

&nbsp;&nbsp;&nbsp;&nbsp;(2) In the Parent Company, contemplates mainly the effects of prepayments
of exports with subsidiaries in the amount of R$(1.698.131) in the six-month period ended June 30, 2025 (R$2.339.584 in the same period
of the previous year).

&nbsp;&nbsp;&nbsp;&nbsp;(3) FVTOCI: Fair Value through Other Comprehensive Income in note 5.

The accompanying notes are an integral part of the interim financial information.<br> (In thousands of Brazilian Reais)

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

**Statements of Value Added**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **2025** | **2024** | **2025** | **2024** |
|  | **Jan - jun** | **Jan - jun** | **Jan - jun** | **Jan - jun** |
| **1 - REVENUES** | **29755590** | &nbsp;&nbsp;&nbsp;&nbsp;25185443 | **34012127** | &nbsp;&nbsp;&nbsp;&nbsp;30932275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales of goods and products | **29293506** | &nbsp;&nbsp;&nbsp;&nbsp;24954426 | **33458897** | &nbsp;&nbsp;&nbsp;&nbsp;30699568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income | **(132162)** | &nbsp;&nbsp;&nbsp;&nbsp;18454 | **(121253)** | &nbsp;&nbsp;&nbsp;&nbsp;19065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue related to construction of own assets | **592010** | 247356 | **677812** | 261757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expected credit losses | **2236** | (34793) | **(3329)** | (48115) |
| **2 - SUPPLIES ACQUIRED FROM THIRD PARTIES** | **(18429822)** | (16608047) | **(21352772)** | (19638801) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costs of goods sold | **(15336639)** | (14034650) | **(17906597)** | (16837658) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials, energy, third parties services and other | **(3087177)** | &nbsp;&nbsp;&nbsp;&nbsp;(2558753) | **(3438900)** | &nbsp;&nbsp;&nbsp;&nbsp;(2806270) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reversal for inventories losses | **(6006)** | (14644) | **(7275)** | 5127 |
| **3 - GROSS ADDED VALUE (1-2)** | **11325768** | 8577396 | **12659355** | &nbsp;&nbsp;&nbsp;&nbsp;11293474 |
| **4 - DEPRECIATION AND AMORTIZATION** | **(1430081)** | &nbsp;&nbsp;&nbsp;&nbsp;(1427039) | **(1722018)** | &nbsp;&nbsp;&nbsp;&nbsp;(1713587) |
| **5 - NET ADDED VALUE (3-4)** | **9895687** | 7150357 | **10937337** | 9579887 |
| **6 - VALUE ADDED RECEIVED THROUGH TRANSFER** | **(264972)** | 3621125 | **739912** | 541680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from associates and joint ventures | **(691356)** | 3253777 | **1293** | &nbsp;&nbsp;&nbsp;&nbsp;(6019) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial income | **426853** | 368238 | **739089** | 548594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others | **(469)** | &nbsp;&nbsp;&nbsp;&nbsp;(890) | **(470)** | &nbsp;&nbsp;&nbsp;&nbsp;(895) |
| **7 - ADDED VALUE TO BE DISTRIBUTED (5+6)** | **9630715** | &nbsp;&nbsp;&nbsp;&nbsp;10771482 | **11677249** | &nbsp;&nbsp;&nbsp;&nbsp;10121567 |
| **8 - DISTRIBUTION OF ADDED VALUE** | **9630715** | &nbsp;&nbsp;&nbsp;&nbsp;10771482 | **11677249** | &nbsp;&nbsp;&nbsp;&nbsp;10121567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Payroll** | **3504808** | 3245930 | **4292108** | 3763955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salaries | **2356722** | 2142381 | **2983126** | 2624939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefits | **978229** | 948305 | **1122470** | 970951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Government severance indemnity fund for employees | **169857** | 155244 | **186512** | 168065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Taxes, Fees and Contributions** | **3267989** | 2583907 | **3428338** | 3058492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal | **1612832** | 1129823 | **1706806** | 1491802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State | **1623845** | 1426480 | **1682901** | 1533196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal | **31312** | &nbsp;&nbsp;&nbsp;&nbsp;27604 | **38631** | &nbsp;&nbsp;&nbsp;&nbsp;33494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Capital Remuneration from Third Parties** | **992862** | 3448900 | **2036812** | 1611484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests, including exchange variation | **924345** | 3380692 | **1924132** | 1495545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rents | **68517** | &nbsp;&nbsp;&nbsp;&nbsp;68208 | **112680** | 115939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Interest on Own-Capital** | **1865056** | 1492745 | **1919991** | 1687636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) for the year | **1865056** | 1492745 | **1865056** | 1492745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-controlling interest | **-** | - | **54935** | 194891 |

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The accompanying notes are an integral part of the interim financial information.<br> (In thousands of Brazilian Reais)

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|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

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**1T24 Relatório da Administração São Paulo, August 14, 2025 - BRF S.A. (B3: BRFS3; NYSE: BRFS) – "BRF" or "Company" releases its results for the 2nd quarter of 2025. The comments included herein refer to results in Reais, in accordance with Brazilian corporate law and practices adopted in Brazil and in accordance with International Financial Reporting Standards (IFRS), which comparisons are based on the same periods of 2024 and/or prior years, as indicated. DEBT AVERAGE TERM 8.2 MARKETCAP STOCK PRICES ISSUED SHARES 1,682,473,24618.87 R$3.50 US$ BRFS3 BRFS 80,772,898 15,365 MillionR$14,930Millionin2Q24 R$ GROSSPROFIT 4,094 3,930Millionin2Q24 26.6% 26.3%in2Q24 735 1,094Millionin2Q24 ADJUSTEDEBITDA FREE CASH FLOW NET LEVERAGE 0.43x 16.3% ADJUSTED EBITDA MARGIN 2,502 84231.75 R$5.89 US$ FINANCIAL INDICATORS 08/15/2025 – Friday - 9h00 US ET \| 10h00 BRT Accessin:Click here MillionR$ R$ MillionR$ R$ MillionR$ R$ MillionR$ R$ CONFERENCE CALL Management Report \| 2Q25 10 2,621Millionin2Q24 17.6%in2Q24 1,728Millionin2Q24 1.14xin2Q24 years 8.0yearsin2Q24 Billion Base:08/13/2025 GROSSMARGIN NET INCOME (LOSS) Base:08/13/2025 ONShares/TreasuryShares Base:06/30/2025 NET REVENUE 1T24 Relatório da Administração Dear employees, shareholders, partners and clients, The second quarter of 2025 was marked by the announcement of the merger of BRF's business with Marfrig, creating MBRF, one of the largest food companies in the world, with consolidated net revenue of R$152 billion. The deal will result in a single, more agile and diversified listed company with a strong global presence. The broad approval of the transaction at the shareholders' meeting held in August, with the validation of the majority of minority shareholders, reinforces investor confidence in our value creation proposal. Once the transaction is completed, we will have a truly multi-protein company, with iconic brands and an integrated portfolio, with 38% of sales volume coming from high value-added processed products. Our increasingly complementary management and exchange of best practices have already contributed to a company focused on operational excellence and consistent results, as demonstrated by BRF's record EBITDA in the first half of this year. Every day, we are strengthening joint initiatives, intensifying the use of our brands, expanding our market reach, and reducing expenses. Once all conditions precedent have been fully met, we will begin the most intense phase of capturing synergies and reinforcing our competitive advantages. We will remain focused on consolidating a culture of efficiency and high performance, unlocking value and promoting economic, social, and environmental development. I would like to thank our shareholders for their continued trust, our employees for their commitment and dedication, and our suppliers and customers for their partnership. We will continue to work together, growing stronger, building a company committed to feeding the future with quality and excellence, of which our families and all of us will continue to be proud. MESSAGE FROM THE CHAIRMAN Marcos Antonio Molina dos SantosChairman of the Board of Directors 11 Management Report \| 2Q25 1T24 Relatório da Administração Dear Mr./Madam, BRF reaches the middle of 2025 reporting the best first half of its history, with EBITDA of R$5.3 billion and net profit of R$1.9 billion. The results highlight the Company's operational excellence, strategic vision, and financial discipline, as well as its ability to react in adverse scenarios such as that faced in the second quarter, marked by restrictions on Brazilian chicken exports. Focused on its path of efficiency and value creation, in the second quarter the company reported net revenue of R$15.4 billion, EBITDA of R$2.5 billion and free cash flow of R$842 million, reflecting the lowest leverage ever recorded in the Company's history (0.43x). The Brazil segment recorded the highest volume and net operating revenue for a second quarter, driven by the increase in the customer base, which now exceeds 330,000, and by the consumption in the domestic market. During the period, we also strengthened the connection between our brands and consumers by renewing strategic sponsorships and expanding our portfolio through innovations in value-added products, especially the Sadia/Bassi and Perdigão/Montana burgers, and Perdigão's entry into the ready-to-eat snack category. In the international segment, the Company continued its strategy of diversifying destinations, obtaining 11 new authorizations to export in the quarter, 23 in the year to date, and a total of 198 since 2022. In the Halal market, the company continues to consolidate its leadership and strong presence with the launch of the Sadia Fresh line of chilled chicken produced in Saudi Arabia, further strengthening its strategic partnership with the Kingdom. In addition, we recorded growth in the market share of processed products in GCC countries. On the operational efficiency front, BRF+ continues to optimize our results with actions aimed at the continuous improvement of operational indicators. These initiatives enabled operating gains of R$208 million, highlighting the importance of a high-performance culture with increasingly consistent deliveries. This quarter, we made progress on our ESG agenda, starting with valuing teams. In the last 12 months, we have filled 72% of leadership positions through internal recruitment. The brand Qualy received the Carbon Free seal for the first time for neutralizing 100% of the emissions from its advertising campaign. In the social dimension, with the "Educação para o Futuro" (Education for the Future) initiative, the BRF Institute has benefited more than 5,000 people directly, mobilizing volunteers in all our operations. We remain optimistic about our sustainable growth path, driven by a solid strategy, innovation and operational excellence. We reaffirm our commitment to quality, safety, and integrity in producing and marketing our products and iconic brands, bringing excellence to clients and consumers worldwide and generating a positive impact on society. We would like to conclude by thanking our chairman and controller Marcos Molina for his support and strategic direction, the Board of Directors for their assistance, our shareholders for their trust, our integrated producers, customers, suppliers and the communities where we operate for their partnership and our more than 100,000 employees for their dedication and daily work. The result achieved by BRF is the sum of everyone's dedication and commitment. MESSAGE FROM MANAGEMENT 12 Miguel GularteCEO Management Report \| 2Q25 1T24 Relatório da Administração The consolidated results for 2Q25 was impacted by hyperinflation in Türkiye, which is highlighted below: Below we will present the results by business segment from a managerial perspective, excluding the accounting effects of hyperinflation in Türkiye in all periods. OPERATIONAL AND FINANCIAL PERFORMANCE 13 Management Report \| 2Q25 Highlights (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qVolume (Thousand Tons)1, 2281,244(1.3%)1,243(1.2%)Net Revenues15,36514, 9302.9%15,512(1.0%)Average Price (R$/kg)12.5112.004.2%12.480.2%COGS(11,271)(11,000)2.5%(11,459)(1.6%)COGS/Kg (9.18) (8.84)3.8% (9.22)(0.5%)Gross Profit4, 0943,9304.2%4, 0531.0%Gross Margin (%)26.6%26.3%0.3 p.p.26.1%0.5 p.p.Net (Loss) Income7351,094(32.8%)1,185(38.0%)Net Margin (%)4.8%7.3%(2.5) p.p.7.6%(2.9) p.p.Adjusted EBITDA 2, 5022,621(4.5%)2,753(9.1%)Adjusted EBITDA Margin (%)16.3%17.6%(1.3) p.p.17.7%(1.5) p.p.EBITDA2, 4642,569(4.1%)2,723(9.5%)EBITDA Margin (%)16.0%17.2%(1.2) p.p.17.6%(1.5) p.p.Cash Generation (Consumption)8421,728(51.3%)1,282(34.3%)Net Debt4, 7358,932(47.0%)5,982(20.9%)Leverage (Net Debt/Adj.EBITDA LTM)0.43x1.14x(62.3%)0.54x(20.0%)Highlights (Million R$)Consolidated Results 2Q25TurkeyHyperinflationConsolidated Managerial Results 2Q25Chg. % Volume (Thousand Tons)1,228-1,228-Net Revenues15,3659915, 4640.6%Average Price (R$/kg)12.51-12.590.6%COGS(11,271)(40)(11,311)0.4%COGS/Kg (9.18)- (9.21)0.4%Gross Profit4,094604, 1531.5%Gross Margin (%)26.6%-26.9%0.2 p.p.EBITDA 2,464382, 5021.5%EBITDA Margin (%)16.0%-16.2%0.1 p.p.Adjusted EBITDA 2,502-2, 5020.0%Adjusted EBITDA Margin (%)16.3%-16.2%0.0 p.p.Net (Loss) Income Total Consolidated735(16)719(2.2%)Net Margin - Total Consolidated (%)4.8%-4.6%(0.1) p.p. 1T24 Relatório da Administração SEGMENT BRAZIL 1T24 Relatório da Administração BRAZILSEGMENT In the second quarter of 2025, we achieved an EBITDA of R$1,324 million in Brazil, and a margin of 16.4%, which represented an increase of 0.7 p.p. compared to the second quarter of 2024 and a retraction of 0.7 p.p compared to the last quarter. The maintenance of our commercial performance indicators at good levels contributed to achieving record sales volume for a second quarter and surpassing the 330,000 customer mark (332,500 clients in 2Q25), while increasing the number of items sold per client. This result, coupled with the resilience of food consumption in the domestic market, allowed us to increase sales both year-on-year and quarter-on-quarter, with the performance of processed foods standing out with sales volume growth of 7.4% y/y and 7.0% q/q, in addition to the contribution of the in natura category to the segment's margins. Regarding unit costs, we observed an increase of 7.8% y/y and stability in the quarterly comparison. The year-on-year variation is mainly explained by the increase in the cost of the consumption of grains and oils, the inflationary effects on goods and services, the higher volume of raw material purchases from third parties to attend the demand for processed products and the mix of products sold in the period, effects partially mitigated by the captures of the efficiency program, BRF+. This quarter, we kept FIFO discounts at a historic low level, highlighting the assertiveness of demand planning, supply chain dimensioning, and production plans. In Brazil, economic indicators related to employment and income reached record highs in June. The unemployment rate reached 5.8%1, the lowest level in the historical series, with the total number of employees with a formal contract also reaching the highest level ever recorded. This result was reflected in the income mass2, also a record high, and in average earnings, which rose 3.3% y/y and 1.1% q/q3. The performance of the aforementioned indicators reflects signs of increased demand and tends to boost sales of our processed products in particular. 1 - Source: Brazilian Institute of Geography and Statistics (IBGE) - Continuous PNAD - Unemployment rate in the quarter ended on June/25 2 - Income mass: the sum of everything people receive for their work - Source: Brazilian Institute of Geography and Statistics (IBGE) 3 - Source: Brazilian Institute of Geography and Statistics (IBGE) - Continuous PNAD - Average Real Habitual Income of Occupied Persons - R$3,477 in Jun/25, R$3,440 in Mar/25 and R$3,367 in Jun/24 15 Management Report \| 2Q25 Brazil Segment (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qNet Operating Revenues 8, 0806,87217.6%7, 4358.7%Average price (R$/kg)13.1111.8111.1%12.772.7%COGS(5,693)(4,990)14.1%(5,375)5.9%COGS/kg (9.24) (8.57)7.8% (9.23)0.1%Gross Profit2, 3871,88226.8%2,06015.9%Gross Margin (%)29.5%27.4%2.2 p.p.27.7%1.8 p.p.Adjusted EBITDA1, 3241,07623.1%1, 2743.9%Adjusted EBITDA Margin (%)16.4%15.7%0.7 p.p.17.1%(0.7) p.p. 1T24 Relatório da Administração Sadia started the second quarter with its Mother's Day campaign. Starring Olympic medalist and ambassador Rebeca Andrade and her mother, Rosa Santos, the campaign valued the maternal role and highlighted the brand's positioning as a partner at all times through the "Linha Fácil Sadia", a portfolio of proteins that go from the freezer to the oven, offering flavor and practicality. Following its strategy of connecting with young audiences, Sadia sponsored the NBA for the fifth consecutive year and communicated its range of breaded meats, sausages and pizzas. In addition, Sadia was the first frozen food brand to invest in the gamer universe with its sponsorship of LTA Sul, where it promoted its portfolio of ready meals, snacks and the relaunch of Hot Pocket ready meals. Sadia ended the quarter with the launch of the Pop Dog sausage, ideal for airfrying, made with beef and providing a snack bar experience at home. Perdigão, which for the 5th consecutive year is the food brand most chosen by Brazilians4, maintained its presence on the sports platform as a sponsor of the Northeast Cup, with its Core line, and in the broadcasts of the Brazil Cup on Globo and Brasileirão on Globo and Record, with the Perdigão Na Brasa line. The extension of Perdigão's Ouro portfolio, which is the leader in smoked mortadella5 and now includes smoked salami and chicken breast, was presented in the high-impact campaign "Se é Ouro, é Perdigão" (If it's Ouro, it's Perdigão). In June, Perdigão, the leader in sausages6, sponsored and was present with its ambassador Ivete Sangalo at São João de Caruaru, reinforcing its sausage portfolio. Perdigão has expanded its product range and entered the ready-to-eat snack category with three new Perdigão Montana items: Cheeseburger, Churrasburguer and Toscanaburguer. The brand has also entered the ready-to-eat pies category by launching chicken pie with bacon and pepperoni pie with cream cheese. In margarines, Qualy, the category's leading brand7, continued its strategy of communicating the versatility of the brand's products with the launch of the webseries "Passa Lá em Casa" (Come By My House), starring ambassador Eliana and with the participation of real consumers. Deline, the Northeast's regional leader in margarines8, was present at the traditional São João festival in Caruaru, as well as highlighting the Deline Milho special edition, the only corn-flavored margarine on the market. In a quarter full of campaigns and innovations, BRF increased its leadership in the processed food and margarine market9, with Sadia being recognized as the strongest and most valuable food brand in Brazil by Brand Finance10. BRAND HIGHLIGHTS 16 Management Report \| 2Q25 4 - Source: Brand Footprint Worldpanel by Numerator of Kantar, 2025 5 - Nielsen Retail - 3rd bimester 2025 reading for processed foods and margarines 6 - Nielsen Retail - 3rd bimester 2025 reading for processed foods and margarines 7 - Nielsen Retail - 3rd bimester 2025 reading for processed foods and margarines 8 - Nielsen Retail - 3rd bimester 2025 reading for processed foods and margarines 9 - Nielsen Retail - 3rd bimester 2025 reading for processed foods and margarines 10 - The most valuable brands in Brazil - 2025, Brand Finance 1T24 Relatório da Administração SEGMENT INTERNATIONAL 1T24 Relatório da Administração In 2Q25, we achieved adjusted EBITDA of R$1,168 million, with a margin of 17.3%, maintaining a healthy level of profitability despite temporary bans on Brazilian chicken exports as a result of avian flu, which led to a decline in sales volumes. During the quarter, several important destinations for Brazilian chicken exports, such as the countries of the European Union, China, Saudi Arabia, South Korea, Mexico and Chile, were totally or partially blocked, with some blockades persisting until today. Once again, the strategy of diversifying markets by gaining new authorizations to export has allowed us to expand the destinations for our products despite the restrictions imposed. Since 2022, we have obtained 198 new export permits, 11 of which were obtained this quarter, with destinations such as Argentina and Canada standing out. Despite the avian flu scenario, we saw an evolution in the price in dollars of various poultry and pork cuts, however, the appreciation of the real against the dollar resulted in stable prices in reais in the period (average ptax 2Q25 at R$5.67 versus R$5.85 in 1Q2511). The 10.7% increase in unit costs year-on-year and 1.4% quarter-on-quarter is mainly explained by the increase in the cost of consuming grains and oils, the mix of products sold in the period, the increase in the cost of production at our platform in Türkiye and the inflationary effects on supplies and services, partially offset by the positive effects of BRF+. In the GCC12, we highlight our portfolio of value-added products, which, through assertive innovations aligned with the local culture, continues to contribute to stable margins. We continue to operate with high occupancy at our plants in the region (Dammam in Saudi Arabia and Kezad in the United Arab Emirates), which are dedicated to the production of processed products to meet local demand and global accounts, including gains in market share in important categories such as hamburgers and chicken sausage13. In July, we launched the Sadia brand in the chilled chicken category, with production in Saudi Arabia, as a result of the acquisition of 26% of Addoha Poultry Company, a chicken slaughtering company, through BRF Arabia (a joint venture between BRF and Halal Products Development Company, a wholly-owned subsidiary of the Saudi sovereign wealth fund PIF). In Türkiye, we continued to increase the share of processed products in total sales, which helped mitigate the effects of the increase in the local supply of fresh products, with repercussions on price dynamics, in addition to the inflationary scenario that continues to challenge family income and the company's cost structure. In the Asian market, we observed a recovery in prices in dollars, especially for pork protein. In the Americas, we highlight the profitability of turkey breast and pork exports and the portfolio of value-added products, mainly through the Sadia brand in countries such as Argentina, Chile, Uruguay and Paraguay. In Europe, exports to the United Kingdom, resulting from new authorizations obtained in recent years, continue to contribute to the expansion of consolidated profitability. INTERNATIONALSEGMENT 11 - Source: Central Bank of Brazil - Average Ptax for the periods reported 12 - Gulf Cooperation Council (GCC): Member countries are Saudi Arabia, Bahrain, Qatar, the United Arab Emirates, Kuwait and Oman 13 - Source: Nielsen 18 Management Report \| 2Q25 International Segment (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qNet Operating Revenues6, 7417,073(4.7%)7,483(9.9%)Average price (R$/kg)13.5112.716.3%13.53(0.1%)COGS(5,103)(5,140)(0.7%)(5,580)(8.5%)COGS/kg(10.23)(9.24)10.7%(10.09)1.4%Gross Profit1, 6391,933(15.2%)1,903(13.9%)Gross Margin (%)24.3%27.3%(3.0) p.p.25.4%(1.1) p.p.Adjusted EBITDA1, 1681,486(21.4%)1,426(18.0%)Adjusted EBITDA Margin (%)17.3%21.0%(3.7) p.p.19.1%(1.7) p.p. 1T24 Relatório da Administração In the GCC countries, we remained market leaders in the second quarter, with a 36.2%14 share, maintaining the journey of growth in the processed category, in line with the long-term strategy for the region. In May, BRF took part in the Saudi Food Show 2025, the largest event in the food and beverage sector in Saudi Arabia, held in Riyadh, the country's capital. Participating in the Saudi Food Show was a valuable opportunity for BRF to strengthen its presence in an increasingly relevant market. We were there with a 168m² stand, where we presented our brands, portfolio and innovations. Visitors were also able to taste various locally produced products, including the Breaded line, Sadia Beef and the convenient Easy & Juicy line. Showcasing the variety and quality of our products reaffirms our commitment to expanding our global operations and strengthening our commercial relations in the region. In addition, our communication in the second quarter focused on boosting the growth of our breaded range, with the support of online and in-store activations in GCC markets. The campaign reached 11.4 million people, with high levels of engagement driven by influencer marketing. Also, in July we launched the first line of chilled chicken produced locally in the Kingdom of Saudi Arabia (KSA): Sadia Fresh. As well as meeting local consumer demand, the new line reinforces BRF's commitment to food safety in the Kingdom. As the market share leader in the chicken category, the launch of the line is a strategic move to maintain the brand's leadership in the Saudi market. In Türkiye, in the second quarter, we proudly maintained our leading position in the Ipsos Brand Health survey as the preferred brand - well ahead of our closest competitor. As part of our "Smart Kids' Table" project, we proudly inaugurated the Banvit Sustainable Food Center at KidZania - an interactive learning space for children - with a special event attended by members of the media and influencers. There, the children learn how to avoid food waste and store it properly. We also continue to support sport by becoming the main sponsor of the Kyzikos Ultra Marathon, held in our hometown of Bandırma. The event brought together around 1,500 athletes, and we offered tastings of our products to the participants and the local community. For the Southern Cone15, international marketing initiatives were very prominent, especially in Chile. The second phase of the "Tu Día Pide Sadia" campaign was officially launched, focusing on presenting the new packaging to Chilean consumers. The action was conducted through a 360º strategy, with the largest investment in communication ever made by the brand in the country. As a result, there was an increase in volume in every week of broadcasting. There were also significant increases in market share16, especially in the nuggets, IQF chicken and lasagne categories. For the rest of the world, we launched 30 new SKUs in the quarter, enabling the diversification of the portfolio and contributing to the flexibility and profitability of commodity products. Among them, 9 SKUs are value-added products, such as processed and IQF, reinforcing our strategy of growing in these categories. In value-added items, we highlight the debut in the ready meals category in Argentina, with 4 SKUs of Sadia lasagna and empanadas in Singapore. Finally, we announced the production of the beef portfolio using the Sadia brand with the first shipments to China in customized boxes. The initiative marks the transition of the entire GJ brand portfolio to Sadia, capitalizing on synergies with Marfrig through brand strength and portfolio optimization. BRAND HIGHLIGHTS 19 14 - Source: Nielsen 15 - Geographically and culturally defined region in South America, made up of Argentina, Chile, Uruguay and Paraguay 16 - Source: Nielsen – market share volume Management Report \| 2Q25 1T24 Relatório da Administração SEGMENTS OTHER 1T24 Relatório da Administração In Ingredients, as a result of the progress of the efficiency program, BRF+, we continue to see a reduced supply of products for this business segment. In the quarter, BRF Ingredients reached new markets with the conclusion of the first sale of heparin to China and Hong Kong, maximizing the profitability of the pharmaceuticals segment. Also noteworthy was the start-up of the new breading flour line at the Toledo, Paraná plant, allowing the Ingredients segment to expand its product portfolio. In Pet Food, we increased our active clients base by 8% y/y, which enabled us to increase the volumes sold in the quarter and, consequently, the segment's revenue. We completed the implementation and unification of the ERP system (SAP), making significant progress in the areas of integration and value generation, with a strategic focus on supplies, industrial operations and logistics. In addition, during the quarter, we highlighted the relevance of our feline portfolio of our main brands, increasing visibility and exposure for this sub-segment of products, which boosts consolidated profitability. During the second quarter of 2025, the Company carried out one-off arbitrage , operations involving the sale of grains between regions as a result of its more active role in identifying market opportunities to reduce origination costs. These operations contributed to the absolute result of the Other Business Segments. Pet:In the second quarter of the year, the BRF Pet brands continued their visibility plan, with a digital communication campaign for the GranPlus (Special Premium) and Biofresh (Super Premium Natural) brands, reinforcing their flavor credentials and high inclusion of fresh ingredients, respectively. To strengthen its relationship with veterinarians, the company sponsored the Cat Congress, the largest feline-focused congress in the country, with a prominent space for the GranPlus, Guabi Natural and Biofresh brands, showcasing portfolio solutions that meet the needs of cats for their healthy development. OTHER SEGMENTS Corporate The adjusted EBITDA of this segment is explained, among other effects, by the result on the sale and write-off of fixed assets and investments and by the reversal/provision of tax and civil contingencies. Further details on the result are available in Explanatory Note 24 to the Interim Financial Information. The negative gross profit of R$107 million in 2Q24 refers to the impact on COGS of the weather events in Rio Grande do Sul. The costs and expenses associated with these events were allocated to the Corporate segment due to their non-recurring nature and because they are not directly related to the markets. For more details of these impacts, see Explanatory Note 1.2 to the Financial Statements. BRAND HIGHLIGHTS 21 Management Report \| 2Q25 Other Segments (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qNet Operating Revenues643728(11.7%)655(1.9%)Average price (R$/kg)5.696.91(17.7%)6.12(7.1%)COGS(515)(563)(8.4%)(522)(1.3%)COGS/kg(4.56)(5.35)(14.7%)(4.88)(6.5%)Gross Profit127165(22.7%)133(4.5%)Gross Margin (%)19.8%22.6%(2.8) p.p.20.3%(0.5) p.p.Adjusted EBITDA5286(39.9%)76(31.4%)Adjusted EBITDA Margin (%)8.1%11.9%(3.8) p.p.11.5%(3.5) p.p.Corporate (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qGross Profit0(107)n.m.(1)119.4% Adjusted EBITDA(42)(28)(53.0%)(22)(91.7%) 1T24 Relatório da Administração CONSOLIDATED PERFORMANCE 1T24 Relatório da Administração In 2Q25, we observed net revenue increase by 2.9% y/y, mainly due to the 4.2% y/y increase in the average price, influenced, among other factors, by the evolution of prices and volumes in the domestic market in all segments and in exports of pork and turkey proteins, as well as the exchange rate impact on the International segment's revenue (average 2Q24 ptax of R$5.21 versus R$5.67 in 2Q2517), which helped mitigate the reduction in sales volumes associated with the suspension of chicken meat exports due to the outbreaks of avian flu. In the quarterly comparison, the 1.0% drop in revenue is also explained by the reduction in volumes sold as a result of the temporary blockades on the export of chicken protein to various markets. From a managerial perspective, where we exclude the effects of Türkiye's hyperinflation in all periods, our net revenue reached R$15,464 million in 2Q25 versus R$14,672 million in 2Q24 and R$15,573 in 1Q25, a variation of 5.4% y/y and -0.7% q/q. The effects of financial instruments for exchange rate hedging on the result totaled R$91.785 million in 2Q25, according to Explanatory Note 23.2 of the Interim Financial Information, and are due to the positions settled in the quarter, which were contracted over the 12 months prior to their settlement. In the consolidated figures for the year to date, the effects of the instruments totaled R$55.015 million. \* Weighted average rate Similarly, the outstanding position, according to Note 23.2.1.ii to the Financial Statements, is shown below. \* Weighted average rate 1.NET OPERATING REVENUE OperatingIncomeProtectionStrategy-hedgeaccounting The company may contract additional cash flow protection, as provided for in its Financial Risk ManagementPolicy, always backed by future export revenues, as their probability evolves and assuming a defined timehorizon of up to 12 months. For the purposes of cash flow hedging, we emphasize that its objective is to protectthe operating result and reduce volatility, and under no circumstances may derivative financial instruments becontracted for speculative purposes. 17 - Source: Central Bank of Brazil - Average Ptax for the periods reported 23 Management Report \| 2Q25 NOR (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qVolume (Thousand Tons)1, 2281,244(1.3%)1,243(1.2%)Net Operational Revenues15,36514, 9302.9%15,512(1.0%)Average Price (NOR)12.5112.004.2%12.480.2%Build-up of Derivatives Instruments Settled in 2Q25 2Q243Q244Q241Q252Q25Cummulative Notional Exposure (US$ Million)4884349454594Average Strike Price (BRL/USD)\* 5.475.616.016.005.95Derivatives Instruments by Expiry Date (Million US$) 3Q254Q251Q262Q26Notional to be settled in each period 5182099742Strike Price (BRL/USD)\*6.016.336.426.16 1T24 Relatório da Administração In the year-on-year comparison, we observed an increase of 3.8% in unit costs in the accounting view, and 6.1% in the managerial view, in which we eliminated the effects of Türkiye's hyperinflation: i)the increase in the cost of consumption of grains and oils (corn+27.7% y/y and soybean oil +28.6% y/y18); ii)the increase in production costs on the Turkish platform, with effectsmainly related to the inflationary environment, union readjustmentsand grain consumption; iii)the effects of inflation on supplies and services (IPCA +5.35%19); 2.COSTS, EXPENSES E OTHER OPERATING RESULTS CostsofGoodSold(COGS) 18 - Variation in the 6-month moving average of grain and oil prices, 2Q25 x 2Q24. Source: Bloomberg and Cepea/ESALQ. 19 - 12-month accumulated variation. Source: IBGE - Brazilian Institute of Geography and Statistics 20 - Variation in Embrapa's cost of production index (ICP Chicken and ICP Pork), publicly available at www.embrapa.br. 21 - Source: Bloomberg, CEPEA-Esalq, SECEX and IBGE. Price of whole chicken and pork carcass in relation to the cost of feed adjusted for the chicken and pork cycle. iv)the effect of the sales mix and the greater volume of raw material purchases from third parties to meet thegrowing demand for processed products. The impacts described above were partially mitigated by the BRF+ efficiency program savings. In the quarterly comparison, we can see a reduction of 0.5% in unit cost in the accounting view and 0.3% in the managerial view, mainly due to the sales mix between markets during the second quarter. We observed a reduction in the sector's cost of production in June when analyzing the ICP Embrapa20 theoretical cost index , mainly influenced by the reduction in the cost of grains at current prices. Despite this improvement in costs, there was a decrease in the profitability of chicken producers and an increase in the profitability of swine producers21, both driven by the price level of in natura proteins. 24 Management Report \| 2Q25COGS (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qCost of Goods Sold(11,271)(11,000)2.5%(11,459)(1.6%)COGS/kg (9.18) (8.84)3.8% (9.22)(0.5%)Cost of Goods Sold (Managerial)(11,311)(10,799)4.7%(11,477)(1.5%)COGS/kg (Managerial) (9.21) (8.68)6.1% (9.24)(0.3%) 95 100 168 Jan/19 Mar/19 May/19 Jul/19 Sep/19 Nov/19 Jan/20 Mar/20 May/20 Jul/20 Sep/20 Nov/20 Jan/21 Mar/21 May/21 Jul/21 Sep/21 Nov/21 Jan/22 Mar/22 May/22 Jul/22 Sep/22 Nov/22 Jan/23 Mar/23 May/23 Jul/23 Sep/23 Nov/23 Jan/24 Mar/24 May/24 Jul/24 Sep/24 Nov/24 Jan/25 Mar/25 May/25 Evolution of Embrapa Cost Index and Chicken Producers' Margin (Base 100) Chicken Producers Margin Embrapa's Chicken Cost Index 130 100 162 Jan/19 Mar/19 May/19 Jul/19 Sep/19 Nov/19 Jan/20 Mar/20 May/20 Jul/20 Sep/20 Nov/20 Jan/21 Mar/21 May/21 Jul/21 Sep/21 Nov/21 Jan/22 Mar/22 May/22 Jul/22 Sep/22 Nov/22 Jan/23 Mar/23 May/23 Jul/23 Sep/23 Nov/23 Jan/24 Mar/24 May/24 Jul/24 Sep/24 Nov/24 Jan/25 Mar/25 May/25 Evolution of Embrapa Cost Index and Swine Producers' Margin (Base 100) Swine Producers' Margin Embrapa's Swine Cost Index Jun/25 Jun/25 1T24 Relatório da Administração OperationalExpenses \*Includes impairment of accounts receivable of -R$1.4 million in 2Q25 (R$20.9 million in 2Q24 and R$4.8 million in 1Q25) In 2Q25, the percentage indicator of operating expenses over netrevenue in the year-on-year comparison varied by +0.8 p.p. in theaccounting view and +0.7 p.p. in the managerial view, explained byhigher disbursements i) with marketing and trade marketingactions, to boost sales, such as the Mother's Day campaigns inBrazil and hamburgers in Chile, both by Sadia, ii) with logisticsexpenses, mainly warehousing, iii) with personnel, as a result ofsalary readjustments, to compensate inflation, and a higherheadcount, to support the significant increase in sales volume andactive clients, iv) with exchange rate variations due to thedevaluation of the real against the dollar, and v) with provisionsfor variable remuneration as a result of achieving targets. In the quarterly comparison, there was a variation of +1.5 p.p. in the accounting view and +1.4 p.p. in themanagerial view. This result is mainly influenced by higher spending on marketing and trade marketing,warehousing logistics costs and provisions for variable remuneration as a result of achieving targets. For further details on this item, see Explanatory Note 26 to the Interim Financial Information. This performance is mainly explained by civil and tax contingencies (mainly related to adherence to the REFIS of the state of Minas Gerais to settle a contingency with an impact of R$93 million) and net losses on the disposal and write-off of fixed assets and investments, partially offset by the recovery of expenses, among other net effects. For further details on this item, see Explanatory Note 26 to the Interim Financial Information. OtherOperatingResults 3.NET FINANCIAL RESULT 25 Management Report \| 2Q25 Operating Expenses (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qSelling Expenses\*(2,117)(1,959)8.1%(1,949)8.7%% of the NOR (13.8%)(13.1%)(0.7) p.p.(12.7%)(1.1) p.p.General and Administrative Expenses(278)(251)10.6%(217)27.9%% of the NOR (1.8%)(1.7%)(0.1) p.p.(1.4%)(0.4) p.p.Operating Expenses(2,395)(2,210)8.4%(2,166)10.6%% of the NOR (15.6%)(14.8%)(0.8) p.p.(14.1%)(1.5) p.p.Other Operating Results (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qOther Operating Results(118)(13)n.m.(4)n.m.% of the NOR (0.8%)(0.1%)(0.7) p.p.(0.0%)(0.7) p.p.Financial Results (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qFinancial Income37327436.3%3662.0%Interest on cash and cash equivalents and revenue from securities31819563.4%3151.0%Interest and other financial revenues5579(30.5%)518.2%Financial Expenses(1,005)(887)13.3%(921)9.0%Interests on loans and borrowings(492)(479)2.7%(472)4.3%Interest on contingencies, leasing and actuarial liabilities(137)(128)7.3%(129)6.0%Adjustment to present value(248)(140)77.3%(197)25.5%Other financial expenses(127)(140)(9.1%)(122)4.2%Exchange variation and derivative results, net(65)223(129.1%)98(166.0%)Exchange rate variation on monetary assets and liabilities(33)127(125.7%)(12)(168.1%)Exchange variation on derivatives(50)131(138.1%)51(197.9%)Interest and fair value of derivatives(27)3(974.1%)1(3303.1%)Net monetary gains or losses45(38)216.5%59(23.5%)Net Financial Results(696)(390)(78.4%)(457)52.2%Exchange variation on monetary assets and liabilities and derivatives(82)258(131.9%)39(313.4%) 1T24 Relatório da Administração The main components of the net financial result have been grouped into the following categories: FinancialRevenues Total Financial Revenues in 2Q25 amounted to R$373 million, R$99 million higher than in 2Q24. The combination of the higher cash position and the rise in the CDI rate in the period (CDI 3.3% in 2Q25 vs. 2.5% in 2Q2422) contributed to the increase in interest income on cash and investments in the period. This increase, however, is mitigated by the reduction in interest on taxes to be recovered. FinancialExpenses They derive from the effect of the following accounts: Interest on loans and financing:Interest expenses increased by R$13 million in 2Q25 compared to 2Q24. The effect of the rise in the CDI rate on interest (CDI 3.3% in 2Q25 vs. 2.5% in 2Q2423) was mitigated by the amortization of bilateral debts, which reduced charges. Adjustment to present value (AVP): The increase in 2Q25 compared to 2Q24 is mainly due to the increase in the balance of accounts payable throughout the year, driven by greater investments in capex and the increase in the cost of the DI futures curve. The AVP refers to the financial charge associated with the payment terms of customer and supplier accounts, with a corresponding entry in gross profit. Interest on contingencies and leases: Higher expenses of R$9 million in 2Q25 compared to the same period last year, mainly due to higher interest on tax and lease contingencies. Otherfinancialexpenses:Includes bank fees, expenses with assignment and credit insurance, taxes on financial income, provision for discount of tax credits, among other effects. The R$13 million reduction in expenses in 2Q25 compared to 2Q24 was mainly due to the positive effect of the fair value of restricted shares of R$28 million, mitigated by higher expenses with provisions for tax credit write-offs of R$9 million and with taxes on financial income of R$8 million. MonetaryandExchangeVariationsandResultsofDerivatives: The Company has financial assets and liabilities denominated in foreign currencies, whose exchange rate variations affect the financial result. The Company contracts derivative financial instruments to hedge this net foreign exchange exposure, as per Explanatory Note 23.2.1 to the Interim Financial Information. In 2Q25, the net effect of exchange rate variations on monetary assets and liabilities and derivatives to hedge the balance sheet's exchange rate exposure totaled -R$82 million and monetary gains related to Türkiye's hyperinflation had a total impact of +R$45 million. 26 Management Report \| 2Q25 22 -Source: B3 –Brasil, Bolsa, Balcão 23 -Source: B3 –Brasil, Bolsa, Balcão 4.NET INCOME (LOSS) The Company reported a net profit of R$735 million in 2Q25 versus R$1,094 million in the same period of the previous year, essentially reflecting the increase in operating and financial expenses. Net Income (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qNet Income7351,094(32.8%)1,185(38.0%)Net Margin (%)4.8%7.3%(2.5) p.p.7.6%(2.9) p.p. 1T24 Relatório da Administração 5.ADJUSTED EBITDA 27 6.CASH FLOW \*The free cash flow statement above does not follow the same methodology as the accounting cash flow statement presented in the FinancialStatements, see reconciliation on page 28 of this report. Management Report \| 2Q25 EBITDA (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qConsolidated Net Income7351,094(32.8%)1,185(38.0%)Income Tax and Social Contribution149219(32.0%)242(38.4%)Net Financial69639078.4%45752.2%Depreciation and Amortization8848662.0%8385.4%EBITDA 2, 4642,569(4.1%)2,723(9.5%)EBITDA Margin (%)16.0%17.2%(1.2) p.p.17.6%(1.5) p.p.Effects of Hyperinflation38(66)157.8%3024.2%Income from Associates and Joint Ventures13.6(85.8%)(2)128.4%Climatic Events - RS (0)113n.m.1(119.4%)Adjusted EBITDA2, 5022,621(4.5%)2,753(9.1%)Adjusted EBITDA Margin (%)16.3%17.6%(1.3) p.p.17.7%(1.5) p.p.Free Cash Flow (Million R$)2Q252Q241Q25LTMAdjusted EBITDA2, 5022,6212,75311,026Working Capital848(461)1, 1221,761Δ Accounts Receivable966(1,056)7381,473Δ Inventories(582)(124)45(841)Δ Suppliers4647183391,129Other variations(808)255(258)(316)Cash Flow from Operating Activities2, 5422,4143,61712,471CAPEX with IFRS16(1,081)(784)(975)(3,836)Cash Flow from Operations with Capex1, 4611,6302, 6428,635M&A and Sale of Assets(219)29(509)(754)Cash Flow from Investments(1,301)(756)(1,484)(4,590)Cash - Financial Results(249)(193)(245)(1,022)Interest Income2941942871,106Interest Expenses(261)(350)(539)(1,777)Derivatives (cash)27(48)5225FX Variation on Cash and Cash Equivalents(212)467(406)(137)Cash Flow from Financing Activities(400)69(852)(1,805)Free Cash Flow8421, 7281,2826,076Shares Buyback/IoC0(213)(417)(2,501)Free Cash Flow8421,5158653,575New Debt Amortizations1, 0071,23415(265)Cash Variations1, 8492,7508803,310 Free cash flow reached R$842 million in 2Q25, R$886 million less than in the same period of the previous year. Disregarding disbursements with M&A and exchange rate effects, the amount would have reached R$1,281 million, representing a cash conversion of 51%. Below is a breakdown of the components of the free cash flow. FreeCashFlow 1T24 Relatório da Administração Operating cash generation totaled R$2,542 million in 2Q25, a result driven by solid operating performance and the shortening of the financial cycle, which favored more efficient cash conversion. The amount shows an increase of R$128 million compared to 2Q24, a variation that was partially offset by the higher disbursement with variable remuneration in 2Q25. The company's cash conversion cycle ended 2Q25 at -13.3 days, down 18.5 days on 2Q24. The maintenance of a negative financial cycle has been favored by the higher balance payable to suppliers, longer terms for Capex and good efficiency in inventory turnover despite the challenges posed by market restrictions associated with avian flu. Operating Cash Flow and Cash Conversion Cycle 28 Among the main projects in 2Q25 are the following: Cash flow from investments totaled R$1,301 million in 2Q25, an increase of R$545 million compared to the same period last year due to higher Capex disbursements of R$297 million and the acquisition of the plant in Henan (China). In the quarter, R$449 million was earmarked for growth, efficiency and support; R$394 million for biological assets and R$239 million for leasing and others, as shown in the table below: InvestmentCashFlow • Strategic investments in production units are underway, according to the established schedules, with afocus on market diversification, commercial flexibility and expanding the supply of processed products.These initiatives are aimed at both domestic and foreign markets, with the Kezad (United Arab Emirates),Concórdia (SC), Lucas do Rio Verde (MT) and Videira (SC) units standing out. Growth Management Report \| 2Q25 \*Amount referring to the acquisition of the factory in Henan, China, represented by fixed assets, cash and taxes to be recovered. CAPEX (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qGrowth(133)(14)850.0%(88)51.1%Efficieny(59)(53)11.3%(56)5.4%Support(257)(139)84.9%(239)7.5%Biological Assets(394)(345)14.2%(367)7.4%Commercial Lease and Others(239)(233)2.6%(225)6.2%Total(1,081)(784)37.9%(975)10.9%Total M&A and sales of assets(219)29(869.4%)(509)(56.9%)Total - CAPEX + M&A and sales of assets(1,301)(756)72.2%(1,484)(12.4%) 1T24 Relatório da Administração • Improved agricultural efficiency and reduced costs at feed mills, especially at the Toledo - PR, Arroio doMeio - RS and Francisco Beltrão - PR units; • Projects in poultry factories to improve the yield of raw materials and the implementation of dynamicweighing systems and post-evisceration washing cabins, especially at the production units in Toledo - PR,Capinzal - SC and Dourados - MS; • Projects at pork factories to improve the yield of raw materials, especially at the production units in Toledo -PR, Rio Verde - MT and Uberlândia - MG; • Projects in industrialized products factories to improve the yield of finished products, especially at theproduction units in Tatuí - SP, Concórdia - PR and Toledo - PR; • Progress in the digital journey with tools for efficient management in logistics, sales and planningprocesses; and • Efficiency of energy resources at the Chapecó - SC and Toledo - PR plants. Efficiency • Adaptation of units and offices to standards and legislation, renewal of operating licenses, replacement ofdepreciated assets, recovery of damaged assets and improvements in working conditions, in particularinvestments in the following units: Uberlândia - MG, Carambeí - PR, Concórdia - SC, Videira - SC, Toledo - PR,Serafina Correia - RS and Lajeado - RS. • Continued renewal of licenses needed to maintain the Company's activities and update management andoperational support resources related to Information Technology; and • Maintenance of forestry and poultry transport operations. Support 29 \*Composed of Loans and Net Derivative Instruments. \*The cash considered is composed of Cash and Cash Equivalents, Financial Investments, and Restricted Cash. 7.INDEBTEDNESS In 2Q25, net interest expenses and financial expenses with a cash effect showed a reduction of R$135 million compared to 2Q24, driven mainly by the higher liquidity position between periods and the drop in interest paid, reflecting the lower exposure of debt indexed to the CDI, in addition to the amortization of bilateral debts concentrated in the second half of 2024. This gain was mitigated by the increase in the adjustment to present value of the balance payable to suppliers. When incorporating the exchange rate effects of balance sheet hedging derivatives and the Exchange Variation in Cash and Cash Equivalents, the financial cash flow had a cash consumption of R$400 million in 2Q25, R$469 million lower than in the same period of the previous year. FinancialCashFlow Management Report \| 2Q25 CurrentNon-currentTotalTotalΔ %TotalΔ %Local Currency(398)(9,339)(9,737)(8,613)13.1%(10,590)(8.1%)Foreign Currency\*(1,374)(9,073)(10,448)(10,969)(4.8%)(11,490)(9.1%)Gross Debt(1,772)(18,413)(20,185)(19,582)3.1%(22,079)(8.6%)Cash Investments\*\*Local Currency8,748838, 8317,07624.8%8,02610.0%Foreign Currency6,3612576, 6186,5241.4%5,12129.2%Total Cash Investments15,10934015,44913,60013.6%13,14717.5%Net Debt13,337(18,072)(4,735)(5,982)(20.8%)(8,932)(47.0%)At 06.30.2024At 03.31.2025Debt (Million R$)At 06.30.2025 1T24 Relatório da Administração 30 Rating Amortizations for the quarter totaled R$317 million, allocated to (i) bilateral lines - R$287 million; and (ii) working capital lines - R$31 million. Borrowings in 2Q25 totaled R$1,325 million, mainly due to the issue of R$1.25 billion in Agribusiness Receivables Certificates - CRA in April 2025 and working capital lines of R$0.5 billion. The average term of debt ended 2Q25 at 8.2 years, an increase of 0.1 year compared to 1Q25. Net debt totaled R$4,735 million in 2Q25, a reduction of R$1,247 million compared to 1Q25. The company's net leverage, measured by the ratio of net debt to Adjusted EBITDA over the last twelve months, reached 0.43x in 2Q25 versus 0.54x in 1Q25 (equivalent leverage in USD reached 0.53x in 2Q25 versus 0.69x in 1Q25). After the end of the quarter, on August 5, 2025, the company concluded its seventh issue of simple, non-convertible, unsecured debentures, in up to 5 series, for private placement, in the total amount of R$2,000 million, with series maturing in 4, 7, 10, 15 and 20 years. The debentures were privately placed with ECO Securitizadora de Direitos Creditórios do Agronegócio S.A. ("Securitizadora"), within the scope of its 403rd issue of agribusiness receivables certificates ("CRA"), backed by agribusiness credit rights, for distribution to the general public. This transaction is in line with the company's debt profile management strategy, optimizing the term/cost ratio of its debt instruments. The proforma calculation of the average debt maturity, considering this new issue, is 8.3 years. In the normal course of business, the Company may consider, from time to time, the repurchase of any of its senior unsecured notes (bonds), debentures or CRA, subject to market conditions, as an alternative to reduce the cost of capital and better equalize the exchange rate indexation of the debt profile. Such repurchases can also take place, through open market transactions. In accordance with applicable laws, such transactions may be carried out at any time and the Company has no obligation to acquire any specific amount of the aforementioned securities. The Company reiterates that it has no financial leverage restrictive covenants and reaffirms its commitment to disciplined management of its capital structure, liquidity, and leverage. Management Report \| 2Q25AgencyDomesticOutlookGlobalOutlookStandard & Poor´sAAA(bra)StableBB+StableFitch RatingsAAA(bra)StableBB+PositiveMoody's Investors Service--Ba2Stable 1T24 Relatório da Administração ClimateChange Recognition on the 2024 "List A" of Supplier Engagement by the CDP - Carbon Disclosure Project - demonstrating the company's leadership in the management of greenhouse gas (GHG) emissions. WasteandPackaging Qualy offsets the emissions from the "Tudo de Qualy Pra Você" digital campaign and receives the Carbon Free seal for the first time, in line with the brand's strategy, which already recycles the equivalent of 100% of the plastic used in its packaging. ESG HIGHLIGHTS Management Report \| 2Q25 SocialResponsibility In April, the BRF Institute promoted the "Educação para o Futuro" (Education for the Future) volunteering campaign. The initiative directly benefited more than 5,000 people through the revitalization of educational spaces and dynamics with young people about their professional future and the job market. Governance Publication of the 5th Transparency and Integrity Report, highlighting the commitment to ethics and compliance. 31 1T24 Relatório da Administração ANNEXES ConsolidatedIncomeStatement 32 Management Report \| 2Q25 Statements of Income (Loss) (Million R$)2Q252Q24Chg. % y/y1Q25Chg. % q/qNet Operating Revenues15,36514, 9302.9%15,512(1.0%)Cost of Sales(11,271)(11,000)2.5%(11,459)(1.6%)% of the NOR(73.4%)(73.7%)0.3 p.p.(73.9%)(0.5) p.p.Gross Profit4, 0943,9304.2%4, 0531.0%% of the NOR26.6%26.3%0.3 p.p.26.1%0.5 p.p.Operating Expenses(2,395)(2,210)8.4%(2,166)10.6%% of the NOR(15.6%)(14.8%)(0.8) p.p.(14.0%)1.6 p.p.Operating Income1, 6981,720(1.2%)1,887(10.0%)% of the NOR11.1%11.5%(0.5) p.p.12.2%(1.1) p.p.Other Operating Results(118)(13)(821.9%)(4)(2866.0%)Income from Associates and Joint Ventures(1)(4)85.9%2(128.3%)EBIT1, 5801,703(7.2%)1,885(16.2%)% of the NOR10.3%11.4%(1.1) p.p.12.1%(1.9) p.p.Net Financial Expenses(696)(390)(78.4%)(457)(52.2%)Income before Taxes8841,313(32.7%)1,427(38.1%)% of the NOR5.8%8.8%(3.0) p.p.9.2%(3.4) p.p.Income Tax and Social Contribution(149)(219)(32.0%)(242)38.4%% of Income before Taxes(16.9%)(16.7%)(0.2) p.p.(17.0%)(0.1) p.p.Net Income - Continued Op.7351,094(32.8%)1,185(38.0%)% of the NOR 4.8%7.3%(2.5) p.p.7.6%(2.9) p.p.EBITDA2, 4642,569(4.1%)2,723(9.5%)% of the NOR16.0%17.2%(1.2) p.p.17.6%(1.5) p.p.Adjusted EBITDA 2, 5022,621(4.5%)2,753(9.1%)% of the NOR16.3%17.6%(1.3) p.p.17.7%(1.5) p.p. 1T24 Relatório da Administração ConsolidatedBalanceSheet 33 Management Report \| 2Q25 Statements of Financial Position - Assets (Million R$)06.30.2512.31.24Current AssetsCash and cash equivalents14,14611,165Marketable securities948894Trade receivables3, 9036,075Notes receivable2332Inventories6, 9776,728Biological assets3, 0502,845Recoverable taxes2, 5692,214Derivative financial instruments39163Prepaid expenses350176Advances215114Restricted cash15276Assets held for sale 23Other current assets275244Total Current Assets32,86430,830Non-Current AssetsLong-term assets9, 2299,974Marketable securities275324Trade and other receivables2223Notes receivable88Recoverable taxes4, 3124,545Deferred income taxes1, 7352,331Judicial deposits376422Biological assets1, 8601,787Derivative financial instruments422252Restricted cash6561Other non-current assets153221Investments596129Property, Plant and Equipment15,17415,068Intangible6, 4306,673Total Non-Current Assets31,42931,8450Total Assets64,29362,675 1T24 Relatório da Administração ConsolidatedBalanceSheet 34 Management Report \| 2Q25 Balance Sheet - R$ Million06.30.2512.31.24Current LiabilitiesLoans and borrowings2, 0431,230Trade accounts payable14,64713,558Lease liability9391,015Payroll, related charges and employee profit sharing1, 3561,557Taxes payable8311,142Derivative financial instruments121383Provision for tax, civil and labor risks731693Employee benefits9095Customer advances369476Other current liabilities538672Total Current Liabilities21,66520,821Non-Current LiabilitiesLoans and borrowings18,70319,510Trade accounts payable112Lease liability3, 1782,978Taxes payable 7178Provision for tax, civil and labor risks1, 5441,539Deferred income taxes232Employee benefits454467Derivative financial instruments132236Other non-current liabilities421533Other non-current liabilities24,52625,355Total Liabilities46,19146,176EquityCapital13,34913,349Capital reserves2, 7632,763Profit reserves2, 0792,079Other equity transactions(164)(142)Accumulated gains1,8650Treasury shares(1,724)(1,346)Other comprehensive loss(1,323)(1,619)Attributable to controlling shareholders16,84615,086Non-controlling interests1, 2551,414Total Equity18,10216,4990Total Liabilities and Equity64,29362,675 1T24 Relatório da Administração The table below shows the reconciliation between the accounting cash flow view and the managerial free cash flow (page 20 of this report). 1The variations in Cash Accounting and Managerial Cash have different methodologies for determining the group of accounts that make up cash: Cash Accounting variation considers the variation in the Cash and Cash Equivalents account, while Managerial Cash variation considers the variation in the accounts of Cash and Cash Equivalents, Financial Investments, and Restricted Cash. Consolidated Statement of Cash Flows 35 Management Report \| 2Q25 Statements of Cash Flows (R$ Milions)2Q252Q241Q25Income (loss) from continuing operations7351, 0941,185Adjustments to reconcile net income to cash generated1, 9751,6011,672Changes in balance sheet balances495(375)816Trade accounts receivable1,098(787)883Inventories(583)22(3)Biological assets - current(103)67(144)Trade accounts payable8232380Cash generated by operating activities3, 2052,3203,674Interest received215137154Other operating assets and liabilities(845)(191)(214)Net cash provided by operating activities2, 5742,2663,613Additions to property, plant and equipment(568)(138)(328)Additions to biological assets - non-current(417)(360)(390)Proceeds from disposals of property, plant, equipments and investment8292Additions to intangible assets(110)(67)(48)Other assets and liabilities from investing activities212(840)(538)Net cash used in investing activities(875)(1,376)(1,302)Proceeds from debt issuance1, 3252,068109Repayment of debt(317)(882)(94)Payment of interest(247)(234)(486)Payment of interest derivatives - fair value hedge(14)(68)(53)Buyback Program0(213)(417)Payment of lease liabilities(213)(220)(209)Net cash provided by (used in) financing activities533451(1,149)Effect of exchange rate variation on cash and cash equivalents(138)549(275)Net increase (decrease) in cash and cash equivalents2, 0941,891887Reconciliation of Consolidated Cash Flow vs. Managerial Cash Flow 2Q25Variation of accounting cash 2Q25APV e DerivativesCommercial leasingFX Variation on CashFX Variation on Cash EquivalentsInterest Income and Others(+) Funding and AmortizationWithdrawals and Applications(+) Shares Buyback/IoCManagerial cash variation1 2Q25(-) Funding and Amortization(+) Shares Buyback/IoCFree Cash Flow 2Q25Cash Flow from Operanting Activities2,574 134 - - - (165) - (1) - 2,542 - - 2,542 Cash Flow from Investments(875) - (213) - - (0) - (212) - (1,301) - - (1,301) Cash Flow from Financing Activities 533 (134) 213 (138) (73) 207 (1,007) - - (400) 1,007 - 608 Exchange variation on cash and cash equivalents(138) - - 138 - - - - - - - - - Total2,094 - - - (73) 42 (1,007) (213) - 842 1,007 - 1,849 1T24 Relatório da Administração ABOUT US 1T24 Relatório da Administração FULLY INTEGRATED BUSINESS MODEL FROM FARM TO TABLE 37 ~8.4k integrated producers responsible for the farming of the animals. Vertical integration system in line with BRF's Global Animal Welfare Program. +9.000 kton of feed and Premix produced in 24 units in Brazil. +530,000 deliveries per month. ~60,000 containers exported to ~120 countries. +440k customers. ~100,000 employees worldwide. Grain Feed Farm Facility Distribution Point of sale 1 2 3 4 5 6 Present in ~120 countries. Market share 40.6% in Brazil 36.2% in the Gulf countries 24.1% in Türkiye 7 Consumer Poultry ~6MM heads/day of slaughtering capacity. Pork ~40k heads/day of slaughtering capacity. Modern industrial platform, strategically located close to the main producing regions of grains and consumer markets. 45 industrial facilities around the globe, producing +5mm tons of food per year. Largest corn and soybean meal consumer in Brazil with 100% traceability of grain suppliers. Management Report \| 2Q25 1T24 Relatório da Administração Global cost-efficient operation, with modern and strategically located facilities 101 45 INDUSTRIAL FACILITIES DISTRIBUTION CENTERS OUR GLOBAL OPERATIONS 38 Management Report \| 2Q25 1T24 Relatório da Administração PET IN NATURA INGREDIENTS PROCESSED FOODS Poultry and Pork Ready meals, sausages, franks, cold cuts and spreads Viscera flour, fats and hydrolyzed Dry and moist food and snacks for dogs and cats BRF has a broad portfolio with synergies among segments OUR PRODUCTS 39 Management Report \| 2Q25 1T24 Relatório da Administração Perdigão is the MOST PRESENT FOOD BRAND in Brazilian homes Qualy is a TOP-SELLING MARGARINE BRAND In Brazil MOST VALUABLE AND PREFERRED BRAZILIAN BRAND by consumers in the food sector Sadia and Qualy are TOP OF MIND BRANDS for +10 consecutive years TOP OF MIND PREFERRED BRANDS IN BRAZIL WINNING together, in Christmas dinners, Smoked sausage, and Margarines MARKET SHARE in Processed products 40.6% 40 Management Report \| 2Q25 1T24 Relatório da Administração DISTRIBUTION CONTROL in key markets VAST PORTFOLIOOF BRANDS with high share of processed food LEADERSHIP OVER DECADES IN THE HALAL MARKET 36.2% In the GCC 24.1% in Türkiye MARKET SHARE 41 Management Report \| 2Q25 1T24 Relatório da Administração Fabio Luis Mendes MarianoChief Financial and Investor Relations Officer Leticia VaccaroE-mail: leticia.vaccaro@brf.com Fernanda CoutinhoE-mail: fernanda.coutinho@brf.com Leonardo SquariziE-mail: leonardo.squarizi@brf.com Bruno CunhaE-mail: bruno.cunha@brf.com João ValeE-mail: joao.vale@brf.com IR CONTACT Investor Relations Website:https://ri.brf-global.com/ Investor Relations Phone: +55 (11) 23225377 E-mail: acoes@brf.com Press E-mail: imprensa@brf.com 42 Management Report \| 2Q25**

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&nbsp;&nbsp;&nbsp;&nbsp;1. Company's Operations

BRF S.A. ("BRF"), and its subsidiaries (collectively the "Company") is a publicly traded company, listed on the segment Novo Mercado of Brasil, Bolsa, Balcão ("B3"), under the ticker BRFS3, and listed on the New York Stock Exchange ("NYSE"), under the ticker BRFS. The Company's registered office is at 475 Jorge Tzachel Street, Fazenda District, Itajaí - Santa Catarina and the main business office is in the city of São Paulo. The Company's direct parent company is Marfrig Global Foods S.A. ("Marfrig").

BRF is a Brazilian multinational company, with global presence, which owns a comprehensive portfolio of products, and it is one of the world's largest companies of food products. The Company operates by raising, producing and slaughtering poultry and pork for processing, production and sale of fresh meat, processed products, pasta, margarine, pet food and others.

The Company holds as main brands Sadia, Perdigão, Qualy, Chester®, Kidelli, Perdix, Banvit, Biofresh and Gran Plus, present mainly in Brazil, Türkiye and Middle Eastern countries.

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1.1. Equity interest

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | **% Equity interest** | **% Equity interest** |
| **Entity** | **Main activity** | **Country** | **06.30.25** | 12.31.24 |
| **Direct subsidiaries** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Energia S.A. | Commercialization of eletric energy | Brazil | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Foods UK Ltd. | Administrative and marketing services | England | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF GmbH | Holding | Austria | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Pet S.A. | Industrialization, commercialization and distribution of feed and nutrients for animals | Brazil | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;MBR Investimentos Ltda. | Holding, management of companies and assets | Brazil | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sadia Alimentos S.A.U. | Holding | Argentina | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sadia Uruguay S.A. | Import and commercialization of products | Uruguay | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| **Indirect subsidiaries** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Al Khan Foodstuff LLC ("AKF") <sub>(a)</sub> | Import, commercialization and distribution of products | Oman | **70.00** | 70.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Al-Wafi Al-Takamol International for Foods Products | Import and commercialization of products | Saudi Arabia | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Al-Wafi Food Products Factory Sole Propr. LLC | Import, export, industrialization and commercialization of products | UAE (1) | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Badi Ltd. | Holding | UAE (1) | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Banvit Bandirma Vitaminli Yem Sanayii AS | Import, industrialization and commercialization of products | Turkey | **91.71** | 91.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Arabia Holding Company JSC | Holding | Saudi Arabia | **70.00** | 70.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Arabia Food Industry Ltd. | Preparation and preservation of meat, fish, crustaceans and mollusks and production of oils and animal and plant based fats | Saudi Arabia | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Foods GmbH <sub>(d)</sub> | Industrialization, import and commercialization of products | Austria | **-** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Foods LLC | Industrialization, import and commercialization of products | UAE (1) | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Global Company Nigeria Ltd. | Marketing and logistics services | Nigeria | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Global Company South Africa Proprietary Ltd. | Administrative, marketing and logistics services | South Africa | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Global GmbH | Holding and trading | Austria | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Japan KK | Marketing and logistics services, import, export, industrialization and commercialization of products | Japan | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Korea LLC | Marketing and logistics services | Korea | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Kuwait Food Supply Management Co. <sub>(a)</sub> | Import, commercialization and distribution of products | Kuwait | **49.00** | 49.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Shanghai Management Consulting Co. Ltd. | Provision of consultancy and marketing services | China | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Shanghai Trading Co. Ltd. | Import, export and commercialization of products | China | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF (Henan) Food Co. Ltd. <sub>(g)</sub> | Import, production and commercialization of products | China | **100.00** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Singapore Foods PTE Ltd. | Administrative, marketing and logistics services | Singapore | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eclipse Holding Cöoperatief U.A. | Holding | The Netherlands | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Foods LLC <sub>(a)</sub> | Import, commercialization and distribution of products | UAE (1) | **49.00** | 49.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Foods Qatar <sub>(a)</sub> | Import, commercialization and distribution of products | Qatar | **49.00** | 49.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hercosul Alimentos Ltda. <sub>(c)</sub> | Manufacturing and sale of animal feed | Brazil | **-** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hercosul Distribuição Ltda. <sub>(c)</sub> | Import, export, wholesale and retail sale of food products for animals | Brazil | **-** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hercosul International S.R.L. | Manufacturing, export, import and sale of feed and nutrients for animals | Paraguay | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hercosul Soluções em Transportes Ltda. | Road freight | Brazil | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Joody Al Sharqiya Food Production Factory LLC | Import and commercialization of products | Saudi Arabia | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mogiana Alimentos S.A. | Manufacturing, distribution and sale of Pet Food products | Brazil | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;One Foods Holdings Ltd. | Holding | UAE (1) | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;ProudFood Lda. | Import and commercialization of products | Angola | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sadia Chile SpA | Import, export and commercialization of products | Chile | **100.00** | &nbsp;&nbsp;&nbsp;&nbsp;100.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;TBQ Foods GmbH | Holding | Austria | **60.00** | 60.00 |
| **Affiliated** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Addoha Poultry Company <sub>(e)</sub> | Industrialization and commercialization of products | Saudi Arabia | **26.00** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Al Samina Agricultural Production Company <sub>(e)</sub> | Broiler chicken farming | Saudi Arabia | **100.00** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PlantPlus Foods LLC <sub>(f)</sub> | Management of assets | Brazil | **30.00** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PlantPlus Foods Brasil <sub>(f)</sub> | Management of assets | Brazil | **0.10** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Potengi Holdings S.A. <sub>(b)</sub> | Holding | Brazil | **50.00** | 50.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;PR-SAD Administração de Bem Próprio S.A. | Management of assets | Brazil | **33.33** | 33.33 |

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(1) UAE – United Arab Emirates.

(2) EUA – United States of America.

(a) For these entities, the Company has agreements that ensure full economic
rights, except for AKF, in which the economic rights are of 99%.

(b) Affiliate with subsidiary of Auren Energia S.A. in which the economic participation
is 24% (note 12).

(c) On January 2, 2025, the subsidiaries Hercosul Alimentos Ltda. and Hercosul
Distribuição Ltda. were merged into Mogiana Alimentos S.A.

(d) On February 1, 2025, BRF Foods GmbH was merged into BRF GmbH.

(e) On January 14, 2025, a shareholders' agreement was signed, ensuring effective
participation in the administration of Addoha. Al Samina is a wholly owned subsidiary of Addoha.

(f) On January 23, 2025, the transfer of shares in PlantPlus LLC and PlantPlus
Brasil to BRF was finalized.

(g) On April 30, 2025, the transaction was completed, which was not characterized
as a business combination, since it exclusively involved the acquisition of assets.

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**Location of Subsidiaries, Affiliates and Join Ventures**

![](image_088.jpg)

1.2. Incident at the plant in Carambeí - PR

On August 1st, 2024, the Company informed its shareholders and the market in general that a fire had occurred in part of its Carambeí - PR unit. There were no fatalities and all employees were safe. In the same month, the Company was able to gradually resume operations at the unit.

Due to the fire, the Company recognized in its results for the period expenses mainly related to losses in the production process, expenses for structural and equipment recovery, as well as partial reimbursement of the claim received from insurers, generating a practically neutral impact for the period ended on June 30, 2025.

The Company has insurance policies for events of this nature and continue in the process of regulating this claim in Carambeí - PR.

1.3. Acquisition of stake in Addoha Poultry Company

On October 31, 2024, BRF Arabia Holding Company ("BRF Arabia"), joint venture 70% owned by BRF and 30% by Halal Products Development Company, a wholly owned subsidiary of the Public Investment Fund da Arabia Saudita ("PIF"), has entered into a binding agreement to acquire 26% da Addoha Poultry Company, a company that operates in the slaughtering of poultry in the Kingdom of Saudi Arabia.

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| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

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On January 14, 2025, a shareholders' agreement was signed between BRF Arabia and the current shareholders of Addoha, ensuring effective participation in the company's management and allowing the know-how of BRF and HPDC to contribute to maximizing synergies between the entities. On this date, the acquisition was concluded, and of its total value of SAR316,200 (equivalent to R$511,105), R$188,351 was recorded as investment and R$322,754 was recorded as goodwill for future profitability expectations.

Since Addoha is an associate of BRF Arabia, and due to the significant influence in this associate, the investment was accounted for using the equity method.

1.4. Acquistion of processed foods factory in Henan Province in China

On November 20, 2024, BRF GmbH, a wholly owned subsidiary of the Company, has signed a binding agreement with Henan Best Foods Co. Ltd., a subsidiary of the OSI Group, a U.S.-based company specializing in food processing, to acquire a processed foods factory in Henan Province, China.

On April 30, 2025, the transaction was closed for a total amount of USD 44,986 (equivalent to BRL 254,630 on that date), using funds previously recorded as Restricted Cash. This did not constitute a business combination, as it involved only an asset acquisition. On June 23, 2025, BRF GmbH carried out a capital increase of CNY 70,000 (equivalent to BRL 53,816) to support the expansion of this new operation.

The factory has two food processing lines with an annual capacity of 28,000 tons and the potential to expand to two additional lines. The acquisition solidifies the company's presence in the Chinese market and consolidates its ability to serve customers in the region.

1.5. Term sheet Gelprime

On December 17, 2024, MBR Investimentos Ltda. ("MBR"), a company wholly controlled by BRF, signed a term sheet with Viposa Participações Ltda., Indústria e Comércio de Couros Britali Ltda., and Vanz Holding Ltda., current holders of 100% of the capital stock of Gelprime Indústria e Comércio de Produtos Alimentícios Ltda. ("Gelprime"), a company engaged in the production, commercialization, and distribution of gelatin and collagen through the processing of animal-origin raw materials.

The term sheet sets forth the main terms and conditions for the acquisition, by MBR, of a 50% equity interest in Gelprime ("Acquisition") for R$312,500, subject to potential adjustments.

Following the term sheet, on March 14, 2025, an Investment Agreement was executed, additionally providing that the acquisition will be structured through a combination of share subscription and purchase and sale transactions, which may be subject to adjustments. Depending on Gelprime's performance over the next three years, the purchase price may be increased by up to USD13,600, equivalent to R$78,082 on the date of the Investment Agreement. On the same date, BRF made an advance for future capital increase (AFAC) to MBR in the amount of R$60,000 (note 12.1), which was used to make an initial advance for the full acquisition amount.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The acquisition was approved without reservations by the Administrative Council for Economic Defense ("CADE") on June 23, 2025. Completion of the transaction is subject to the fulfillment of certain customary conditions precedent, including the conversion of Gelprime into a joint stock company.

On August 1, 2025, the First Amendment to the Investment Agreement was signed, through which MBR subscribed one hundred new shares of Gelprime (already converted into a joint stock company) as a capital increase, in the amount of R$3, and made a payment of R$100,457 as an AFAC, which will be converted into capital stock on the acquisition closing date.

1.6. Factory in Jeddah/Saudi Arabia

On April 21, 2025, the Board of Directors approved an investment of approximately USD 160,000, equivalent to R$919,840, for the construction of a new processed products factory in Jeddah, Saudi Arabia. The investment will be made by BRF Arabia Holding Company, a subsidiary of the Company and the vehicle for the joint venture with Halal Products Development Company, a wholly owned subsidiary of the Public Investment Fund (PIF). On June 17, 2025, BRF Arabia Holding Company carried out a capital increase of SAR 150,000 (equivalent to R$224,159 on that date) in BRF Arabia Food Industry Ltd., the subsidiary that will own the new factory, thereby continuing the Company's expansion process in the Halal market.

The new factory will have a production capacity of approximately 40,000 tons per year of processed poultry and beef products. The project will allow BRF to increase its local production from 17,000 to up to 57,000 tons per year, capturing the growing demand in the regional market and from global accounts, as well as solidifying its strategic partnership with Saudi Arabia.

1.7. Merger of Shares between Marfrig and BRF

On May 15, 2025, Marfrig and BRF (together, the "Companies") announced to their shareholders and the market in general the execution and approval, in meetings held by the Boards of Directors of both Companies, of the "Protocol and Justification for the Merger of Shares Issued by BRF S.A. by Marfrig Global Foods S.A." (the "Protocol"), which sets forth the terms and conditions applicable to the merger of shares issued by BRF by Marfrig (the "Transaction").

On June 17 and July 11, 2025, BRF informed its shareholders and the market in general that the Brazilian Securities and Exchange Commission ("CVM"), in response to requests for interruption and postponement of the Extraordinary General Meeting ("EGM") initially scheduled for June 18, 2025 and rescheduled for July 14, 2025, granted postponement requests for a period of 21 days from the date of availability of the additional information requested. Accordingly, BRF made the requested additional information available and convened the EGM for August 5, 2025, to deliberate on the Transaction.

On August 5, 2025, as disclosed in a Joint Material Fact, through EGMs held on the same date, the shareholders of Marfrig and BRF approved, among other matters, the merger of shares issued by BRF by Marfrig. With this step completed, the 30-day legal period for exercising the Right of Withdrawal begins, applicable to shareholders of both Companies. The conclusion of the Transaction remains subject to final approval by CADE.

1.8. Seasonality

During the months of November and December of each year, the Company is impacted by seasonality in the Brazil operating segment due to Christmas and New Year's Celebrations. The products that are relevant contributors are: Türkiye, Chester®, ham and pork cuts (hind leg/pork loin).

In the International operating segment, seasonality is due to Ramadan, which is the holy month of the Muslim calendar. The beginning of Ramadan depends on the beginning of the moon cycle and, in 2025, occurred between February 28, 2025, and March 29, 2025.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;2. Basis of preparation and presentation of interim financial information

The Parent Company's and Consolidated interim financial information were prepared in accordance with i) the accounting practices adopted in Brazil, which include those included in Brazilian corporate legislation and the pronouncements, guidelines, and technical interpretations issued by the Accounting Pronouncements Committee ("CPC") and approved by the Federal Accounting Council ("CFC") and the Securities and Exchange Commission ("CVM"), in accordance with CPC 21 (R1) – Interim Financial Statements, and ii) international financial reporting standards ("IFRS"), IAS 34 – Interim Financial Reporting, issued by the International Accounting Standards Board ("IASB"). IFRS comprises International Accounting Standards, interpretations by the International Financial Reporting Interpretations Committee (IFRIC) and the Standing Interpretations Committee (SIC).

In accordance with OCPC 07 - Disclosure in General Purpose Accounting and Financial Reports, all relevant information specific to the financial statements, and only that information, is being disclosed, and corresponds to that used by Management in its management.

The Parent Company's and Consolidated interim financial information are expressed in thousands of Brazilian Reais ("R$"), unless otherwise stated. For disclosures of amounts in other currencies, the values are also expressed in thousands, unless otherwise stated.

The preparation of the Parent Company's and Consolidated interim financial information requires management to make judgments, use estimates, and adopt assumptions that affect the reported amounts of revenues, expenses, assets, and liabilities, as well as the disclosures of contingent liabilities. The uncertainty inherent to these judgments, assumptions, and estimates could result in material adjustments to the carrying amount of certain assets and liabilities in future periods.

Any judgments, estimates, and assumptions are reviewed at each reporting period.

The Parent Company's and Consolidated interim financial information were prepared based on the recoverable historical cost, except for the items maintained at fair value as described in note 3.4 of the Financial Statements for the year ended on December 31, 2024.

The Company prepared its Parent Company's and Consolidated interim financial information under the going concern assumption and disclosed all relevant information in its explanatory notes, in order to clarify and complement the accounting basis adopted.

&nbsp;&nbsp;&nbsp;&nbsp;3. Summary of material accounting policies

The individual and consolidated interim financial information, in this case, interim financial information, is intended to provide an update based on the latest complete annual financial statements. Therefore, it focuses on new activities, events, and circumstances and does not repeat previously disclosed information, except when management deems it relevant to maintain certain information.

The interim financial information presented here was prepared based on the material accounting policies and methods of calculating estimates adopted in the preparation of the annual financial statements for the year ended December 31, 2024, in a uniform manner for all entities of the group and consistent across all periods presented.

The material accounting policies applied in the preparation of this interim financial information have been included in the respective explanatory notes and are consistent across all periods presented.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

3.1. Hyperinflationary Economies

The Company has subsidiaries in Argentina and Türkiye, countries considered to have hyperinflationary economies.

For the Turkish subsidiary, the inflation rate for the period ended June 30, 2025 was 16.7%. In the consolidated information for the period ended June 30, 2025, the hyperinflation adjustment impacted the Income (Loss) before Financial Results in R$(119,112) (R$(22,244) in the same period of the previous year), and a revenue was recognized that impacted the Financial Result in R$98,212 (R$98,223 in the period ended June 30, 2024) and the Net Income (Loss) in R$30,972 (R$57,125 in the same period of the previous year).

For the Argentine subsidiary, the inflation rate for the period ended June 30, 2025 was 15,0%, and the hyperinflation adjustment impacted the Income (Loss) before Financial Results in R$222 (R$(383) in the same period of the previous year), the Financial Result in R$5,166 (R$(2,842) in the period ended June 30, 2024) and the Net Income (Loss) in R$(2,391) (R$(7,714) in the same period of the previous year).

3.2. Standards issued but not yet effective

The following amendments to standards have been issued and approved by the IASB and CVM but are not yet effective for the fiscal year 2025:

· **CVM Resolution No. 193/23, with amendments introduced by CVM Resolution No. 219/24 and CVM Resolution No. 227/25 - Provides for the preparation and disclosure of the sustainability-related financial information report, based on the international standard issued by the International Sustainability Standards Board ("ISSB") –** Implementation on January 1, 2026;

· **Amendments to IFRS 18: Presentation and Disclosure in Financial Statements –** Implementation on January 1, 2027;

· **Amendments to IFRS 19: Subsidiaries without Public Accountability: Disclosures** – Implementation on January 1, 2027;

· **Tax reform (Complementary Law No. 214/2025)** – As a result of
Constitutional Amendment No. 132/2023, which changed the National Tax System, Complementary Law No. 214/2025 was enacted, introducing
the regulation of the Tax Reform on Consumption. The new legislation establishes the CBS, IBS, and IS taxes, with the progressive replacement
of the current PIS, COFINS, ICMS, and ISS taxes by 2033. The transition schedule provides for the replacement of PIS and COFINS by CBS
in 2027 and the beginning of the replacement of ICMS and ISS by IBS in 2029.

The main impacts relate to the elimination of tax benefits and the introduction of full non-cumulative taxation, allowing for the full appropriation of credits on purchases of goods and services, without the limitations of the current tax system. Given this scenario, a multidisciplinary technical group was formed with a focus on:

- Assess fiscal impacts on costs, expenses, and pricing;

- Map operational, systemic, and contractual adjustments;

- Ensure compliance with new legislation;

- Identify opportunities for tax and strategic efficiency.

The group's proactive approach aims to ensure a safe and competitive transition, in line with the Company's governance and sustainability guidelines.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The Company and its subsidiaries are monitoring potential impacts that these new standards may bring to the Group and do not expect significant effects, except for IFRS 18 and CVM Resolution No. 193/23.

&nbsp;&nbsp;&nbsp;&nbsp;4. Cash and cash equivalents

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Average rate (1)** | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **Average rate (1)** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| **Cash and bank accounts** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazilian reais |  | **348673** | 269699 | **379658** | 296529 |
| &nbsp;&nbsp;&nbsp;&nbsp;Saudi riyal |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **306545** | 256879 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. dollar |  | **81135** | 162389 | **560562** | 630990 |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro |  | **4260** | 4603 | **34949** | &nbsp;&nbsp;&nbsp;&nbsp;16995 |
| &nbsp;&nbsp;&nbsp;&nbsp;Turkish lira |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **3455** | 6348 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other currencies |  | **15511** | &nbsp;&nbsp;&nbsp;&nbsp;78 | **289427** | 170621 |
|  |  | **449579** | 436769 | **1574596** | 1378362 |
| **Cash equivalents** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;In Brazilian reais |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment funds | 14.90 | **7757** | 4727 | **7757** | 4727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Off shore note (3) |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | 1501608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior financial note | 15.17 | **512802** | &nbsp;&nbsp;&nbsp;&nbsp;- | **512802** | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank deposit certificates | 15.05 | **6711955** | 3545946 | **6879725** | 3716958 |
|  |  | **7232514** | 3550673 | **7400284** | 5223293 |
| In U.S. Dollar |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term deposit | 4.93 | **-** | **-** | **4023087** | 2721270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overnight |  | **14886** | 1582 | **14886** | 1582 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other currencies |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term deposit (Saudi riyal) | 5.64 | **-** | **-** | **308521** | 959103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term deposit (2) |  | **-** | **-** | **824829** | 881754 |
|  |  | **14886** | 1582 | **5171323** | 4563709 |
|  |  | **7696979** | 3989024 | **14146203** | &nbsp;&nbsp;&nbsp;&nbsp;11165364 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average annual rate.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Amounts are substantially denominated in Turkish Lira (TRY) at a weighted
average annual rate of 48.88% (49.57% on December 31, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;(3) Represent an investment in a financial institution on the international market
with a balance in Brazilian reais (R$), indexed to the DI.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;5. Marketable secutities

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **WAM (1)** | **Currency** | **Average rate (2)** | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **WAM (1)** | **Currency** | **Average rate (2)** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| **Fair value through other comprehensive income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;National treasury notes (5) | 8.30 | R$ | 11.90 | **910485** | 859029 | **910486** | 859029 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity securities (3) |  | USD |  | **-** |  | **13643** | &nbsp;&nbsp;&nbsp;&nbsp;15481 |
|  |  |  |  | **910485** | 859029 | **924129** | 874510 |
| **Fair value through profit and loss** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial treasury bills | 0.67 | R$ | 12.13 | **37277** | &nbsp;&nbsp;&nbsp;&nbsp;35031 | **37277** | &nbsp;&nbsp;&nbsp;&nbsp;35031 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment funds - FIDC II | 1.08 | R$ |  | **18600** | &nbsp;&nbsp;&nbsp;&nbsp;18450 | **18600** | &nbsp;&nbsp;&nbsp;&nbsp;18450 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 0.08 | R$ |  | **-** |  | **20** | &nbsp;&nbsp;&nbsp;&nbsp;20 |
|  |  |  |  | **55877** | &nbsp;&nbsp;&nbsp;&nbsp;53481 | **55897** | &nbsp;&nbsp;&nbsp;&nbsp;53501 |
| **Amortized cost** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign bonds and other (4) | 4.81 | USD | 6.81 | **-** |  | **243252** | 289880 |
|  |  |  |  | **966362** | 912510 | **1223278** | 1217891 |
| Current |  |  |  | **947762** | 894060 | **947783** | 894080 |
| Non-current (6) |  |  |  | **18600** | &nbsp;&nbsp;&nbsp;&nbsp;18450 | **275495** | 323811 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average maturity in years.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Weighted average annual rate.

&nbsp;&nbsp;&nbsp;&nbsp;(3) It's comprised of Aleph Farms Ltd. stocks.

&nbsp;&nbsp;&nbsp;&nbsp;(4) It's comprised of private securities and sovereign securities of the
Angola Government and are presented net of expected credit losses in the amount of R$23,433 (R$22,530 on December 31, 2024). The amounts
are denominated in Bonds in U.S. Dollar at a weighted average annual rate of 6.81% (U.S. Dollar 6.82 on December 31, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;(5) FVTOCI: Fair Value through Other Comprehensive Income R$33,435.

&nbsp;&nbsp;&nbsp;&nbsp;(6) Maturity until May of 2035.

On June 30, 2025, the amount of R$25,867 (R$69,753 on December 31, 2024) classified as cash and cash equivalents and marketable securities were pledged as guarantee, with no use restrictions, for future contracts traded on B3.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;6. Trade Accounts and Notes Receivable

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| **Trade accounts receivable** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Domestic market** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third parties | **937169** | 2285150 | **1034710** | 2420942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related parties | **118184** | &nbsp;&nbsp;&nbsp;&nbsp;51834 | **9435** | &nbsp;&nbsp;&nbsp;&nbsp;16402 |
|  | **1055353** | 2336984 | **1044145** | 2437344 |
| **Foreign market** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third parties | **2168754** | 2906380 | **3516759** | 4395420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related parties | **2609839** | 3299865 | **45288** | &nbsp;&nbsp;&nbsp;&nbsp;30924 |
|  | **4778593** | 6206245 | **3562047** | 4426344 |
| &nbsp;&nbsp;&nbsp;&nbsp;(-) Adjustment to present value ("APV") | **(22472)** | (28340) | **(33527)** | (39291) |
| &nbsp;&nbsp;&nbsp;&nbsp;(-) Expected credit losses | **(593659)** | &nbsp;&nbsp;&nbsp;&nbsp;(659030) | **(647360)** | &nbsp;&nbsp;&nbsp;&nbsp;(726764) |
|  | **5217815** | 7855859 | **3925305** | 6097633 |
| Current | **5196089** | 7834133 | **3903457** | 6075013 |
| Non-current | **21726** | &nbsp;&nbsp;&nbsp;&nbsp;21726 | **21848** | &nbsp;&nbsp;&nbsp;&nbsp;22620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Notes receivable | **49481** | &nbsp;&nbsp;&nbsp;&nbsp;61628 | **49481** | &nbsp;&nbsp;&nbsp;&nbsp;61628 |
| &nbsp;&nbsp;&nbsp;&nbsp;(-) Adjustment to present value ("APV") | **(3733)** | &nbsp;&nbsp;&nbsp;&nbsp;(5910) | **(3733)** | &nbsp;&nbsp;&nbsp;&nbsp;(5910) |
| &nbsp;&nbsp;&nbsp;&nbsp;(-) Expected credit losses | **(14723)** | (15381) | **(14723)** | (15381) |
|  | **31025** | &nbsp;&nbsp;&nbsp;&nbsp;40337 | **31025** | &nbsp;&nbsp;&nbsp;&nbsp;40337 |
| Current | **22596** | &nbsp;&nbsp;&nbsp;&nbsp;32302 | **22596** | &nbsp;&nbsp;&nbsp;&nbsp;32302 |
| Non-current (1) | **8429** | 8035 | **8429** | 8035 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) On June 30, 2025, the weighted average maturity is 2 years.

For sales in the external market on credit, the Company has insurance, letters of credit, and other guarantees in the amount of R$1,024,043 (R$1,441,599 on December 31, 2024), which cover 61.2% (78.8% on December 31, 2024) of this modality.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The Company performs credit assignments with no right of return to the BRF Clients' Credit Rights Investment Fund ("FIDC BRF II"), which has the sole purpose to acquire credit rights arising from commercial transactions carried out between the Company and its clients in Brazil.

On June 30, 2025, FIDC BRF II has an outstanding balance of R$961,811 (R$959,434 on December 31, 2024) related to such credit rights, which were ceased to be recognized in the Company's statement of financial position when the credits were sold.

On June 30, 2025, other receivables are mainly represented by receivables from the sale of farms and various properties not linked to production.

The movements of the expected credit losses are presented below:

---

| | | |
|:---|:---|:---|
|  | **Parent Company** | **Consolidated** |
|  | **06.30.25** | **06.30.25** |
| **Beginning balance** | **(659030)** | **(726764)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Additions) reversals | 2236 | (3329) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-offs | 4824 | 17344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange rate variation | &nbsp;&nbsp;&nbsp;&nbsp;58311 | 65389 |
| **Ending balance** | **(593659)** | **(647360)** |

---

The aging of trade accounts receivable is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| Not overdue | **5097927** | 7749078 | **3484165** | 5904865 |
| **Overdue** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01 to 60 days | **127619** | 120451 | **439632** | 203179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61 to 90 days | **6405** | 5050 | **11747** | 9228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 to 120 days | **4148** | 711 | **4292** | 2891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121 to 180 days | **7417** | 934 | **17414** | 9307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181 to 360 days | **10360** | &nbsp;&nbsp;&nbsp;&nbsp;23131 | **20924** | &nbsp;&nbsp;&nbsp;&nbsp;41254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;More than 360 days | **580070** | 643874 | **628018** | 692964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(-) Adjustment to present value ("APV") | **(22472)** | (28340) | **(33527)** | (39291) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(-) Expected credit losses | **(593659)** | &nbsp;&nbsp;&nbsp;&nbsp;(659030) | **(647360)** | &nbsp;&nbsp;&nbsp;&nbsp;(726764) |
|  | **5217815** | 7855859 | **3925305** | 6097633 |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;7. Inventories

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| Finished goods | **2305902** | 1553208 | **4230411** | 3574304 |
| Work in progress | **363033** | 354152 | **411090** | 409037 |
| Raw materials | **868894** | 1373016 | **1057398** | 1589282 |
| Packaging materials | **150564** | 116731 | **189669** | 154696 |
| Secondary materials | **718116** | 571303 | **776250** | 621207 |
| Supplies | **127403** | 128313 | **197591** | 190041 |
| Imports in transit | **152559** | 235125 | **153720** | 236453 |
| Other | **81986** | &nbsp;&nbsp;&nbsp;&nbsp;68521 | **101509** | &nbsp;&nbsp;&nbsp;&nbsp;68528 |
| (-) Adjustment to present value ("APV") (1) | **(135741)** | &nbsp;&nbsp;&nbsp;&nbsp;(110867) | **(140645)** | &nbsp;&nbsp;&nbsp;&nbsp;(115546) |
|  | **4632716** | 4289502 | **6976993** | 6728002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The adjustment refers to the counter-entry of the
adjustment of present value from trade accounts payable and is carried out for cost according to inventories turnover.

The movements of the reduction to net realizable value of inventories, for which the additions, reversals, and write-offs were recorded against the Cost of Goods Sold, are presented in the table below:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Realizable value through sale** | **Impaired inventories** | **Obsolete inventories** | **Total** |
| **Beginning balance** | **(1256)** | **(17739)** | **(664)** | **(19659)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions | (3481) | &nbsp;&nbsp;&nbsp;&nbsp;(26188) | (9071) | &nbsp;&nbsp;&nbsp;&nbsp;(38740) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reversals | &nbsp;&nbsp;&nbsp;&nbsp;4546 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;4546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-offs |  | 25359 | &nbsp;&nbsp;&nbsp;&nbsp;2829 | 28188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange rate variation |  |  |  |  |
| **Ending balance** | **(191)** | **(18568)** | **(6906)** | **(25665)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Realizable value through sale** | **Impaired inventories** | **Obsolete inventories** | **Total** |
| **Beginning balance** | **(1403)** | **(24861)** | **(1017)** | **(27281)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions | &nbsp;&nbsp;&nbsp;&nbsp;(10371) | &nbsp;&nbsp;&nbsp;&nbsp;(39183) | (15275) | (64829) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reversals | &nbsp;&nbsp;&nbsp;&nbsp;7291 |  |  | 7291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-offs |  | 41520 | 8021 | 49541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange rate variation | &nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;166 | &nbsp;&nbsp;&nbsp;&nbsp;67 | 723 |
| **Ending balance** | **(3993)** | **(22358)** | **(8204)** | **(34555)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;8. Biological Assets

The live animals are represented by poultry and pork and segregated into consumables and animals for production. The roll-forward of the biological assets during the period is presented below:

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Current** | **Non-current** | **Non-current** | **Non-current** |
|  | **Live animals** | | | |
|  | **Total** | **Live animals** | **Forests** | **Total** |
| **Beginning balance** | **2659317** | **1215393** | **470338** | **1685731** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions/Transfer | &nbsp;&nbsp;&nbsp;&nbsp;12680694 | 357157 | 47203 | &nbsp;&nbsp;&nbsp;&nbsp;404360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in fair value | 1762405 | &nbsp;&nbsp;&nbsp;&nbsp;(187057) |  | (187057) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harvest | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (33556) | (33556) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-off | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(5) | &nbsp;&nbsp;&nbsp;&nbsp;(5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfer between current and non-current | 114447 | &nbsp;&nbsp;&nbsp;&nbsp;(114447) |  | (114447) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfer to inventories | (14328563) | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange variation | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monetary correction by Hyperinflation | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| **Ending balance** | **2888300** | **1271046** | **483980** | **1755026** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Current** | **Non-current** | **Non-current** | **Non-current** |
|  | **Live animals** |  |  |  |
|  | **Total** | **Live animals** | **Forests** | **Total** |
| **Beginning balance** | **2844633** | **1316899** | **470338** | **1787237** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions/Transfer | &nbsp;&nbsp;&nbsp;&nbsp;13961309 | 391077 | &nbsp;&nbsp;&nbsp;&nbsp;47203 | &nbsp;&nbsp;&nbsp;&nbsp;438280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in fair value | 2020835 | &nbsp;&nbsp;&nbsp;&nbsp;(209302) | &nbsp;&nbsp;&nbsp;&nbsp;- | (209302) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harvest | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (33556) | (33556) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-off | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (5) | &nbsp;&nbsp;&nbsp;&nbsp;(5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfer between current and non-current | 114745 | &nbsp;&nbsp;&nbsp;&nbsp;(114745) | &nbsp;&nbsp;&nbsp;&nbsp;- | (114745) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfer to inventories | (15849798) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange variation | (42406) | (22970) | &nbsp;&nbsp;&nbsp;&nbsp;- | (22970) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monetary correction by Hyperinflation | 796 | &nbsp;&nbsp;&nbsp;&nbsp;15129 | &nbsp;&nbsp;&nbsp;&nbsp;- | 15129 |
| **Ending balance** | **3050114** | **1376088** | **483980** | **1860068** |

---

The change in the biological asset includes depreciation of breeders and depletion of forests in the amount of R$656,745 in the Parent Company and R$727,654 in the Consolidated (R$671,937 in the Parent Company and R$749,373 in the Consolidated on June 30, 2024).

The estimated quantities of live animals on June 30, 2025, are 186,354 thousand heads of poultry and 4,764 thousand heads of pork at the Parent Company (177,889 thousand heads of poultry and 4,866 thousand heads of pork on December 31, 2024). In the Consolidated, there are 208,400 thousand heads of poultry and 4,764 thousand heads of pork (201,241 thousand heads of poultry and 4,866 thousand heads of pork on December 31, 2024).

The Company has forests pledged as collateral for financing and tax and civil contingencies on June 30, 2025, in the amount of R$59,357 in the Parent Company and in the Consolidated (R$70,025 in the Parent Company and in the Consolidated on December 31, 2024).

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;9. Recoverable Taxes

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| Recoverable ICMS and VAT | **1901826** | 1900655 | **2506572** | 2473731 |
| Recoverable PIS and COFINS | **2139450** | 2031212 | **2148907** | 2040746 |
| Recoverable IPI | **1175370** | 1176162 | **1186625** | 1177941 |
| Recoverable INSS | **510157** | 422154 | **510157** | 422163 |
| Recoverable income taxes | **462307** | 430454 | **567985** | 683051 |
| Other recoverable taxes | **105294** | 102546 | **105484** | 102951 |
| (-) Impairment | **(143240)** | (140750) | **(144203)** | (140951) |
|  | **6151164** | 5922433 | **6881527** | 6759632 |
| Current | **1859625** | 1393036 | **2569198** | 2214186 |
| Non-current | **4291539** | 4529397 | **4312329** | 4545446 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 ICMS – tax on movement of goods and services and VAT – value added taxes

As result of the activity, the Company generates recoverable ICMS balances that are offset against ICMS payables arising from sales in the domestic market or that are transferred to third parties.

The Company has recoverable ICMS balances in the States of Paraná, Santa Catarina, Mato Grosso do Sul, Minas Gerais and Amazonas, which will be realized in the short and long term, based on the recoverability study reviewed and approved by the Management.

In other jurisdictions outside Brazil, value added taxes (VAT) are due in regular operations of the Company with goods and services, with expectations of achievement in the short and long term.

On June 20, 2024, the Company entered into an agreement to purchase ICMS credits from Marfrig, in the state of São Paulo, in the amount of R$113,000, with a discount applied in line with market conditions. Additionally, on October 16, 2024, an agreement was signed for the additional acquisition of up to R$350,000 in credits for the same tax and calculated in the same state, also with a discount applied in line with the market. The use will be made according to the Company's monthly calculation in the state, with total compensation expected by October 2025. As of June 30, 2025, a total of R$375,000 had been transferred (R$256,000 on December 31, 2024), and the Company offset the amount of R$308,123 related to these credits (R$178,076 on December 31, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 PIS and COFINS – social integration plan and contribution for social security

The accumulated recoverable PIS and COFINS balances arise from taxes on raw material purchases subsequently used in the production of exported products or products for which sale is not taxed, as well as recoverable taxes on commercial and labor expenses. The realization of these balances usually occurs through the offsetting with taxes payable on sales of taxed products in the domestic market, with other federal taxes and social security contributions payable, or even, if necessary, through refund or reimbursement requests.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

As described in note 13, the Company re-opted for the treatment of PIS and COFINS credits on fixed assets and, therefore, reclassified the amount of R$219,884 from that group of accounts to the group of Taxes Recoverable.

As of June 30, 2025, the updated balance of the processes related to the exclusion of ICMS from the PIS and COFINS calculation basis recognized by the Company is R$1,625,527 (R$1,720,431 as of December 31, 2024). The monetary update of balances is recognized against Net financial income (expenses).

9.3 IPI – industrialized product tax

The Company has recognized tax assets as a result of gains from lawsuits related to IPI, especially "*crédito prêmio*". The balance referring to these assets in the Parent Company and Consolidated on June 30, 2025, is R$1,224,081 (R$1,185,146 on December 31, 2024), of which R$1,162,991 (R$1,162,991 on December 31, 2024) is recorded as Recoverable Taxes and the remainder, referring to cases in which the government will reimburse in cash, recorded under other current assets in the amount of R$38,935 and non-current assets in the amount of R$22,155 (R$22,155 on December 31, 2024). The monetary update of balances is recognized against Net financial income (expenses).

9.4 Income taxes

The accumulated recoverable income taxes mainly arise, from withholding taxes on securities, interest and prepayments of income tax and social contribution in Brazil. These amounts are realized through the offset with federal taxes and contributions payable.

9.5 Realization of Brazilian federal tax credits

The Company used recoverable balances of PIS, COFINS, IPI, and Other to offset federal taxes payable such as INSS, Income Taxes, and Other in the amount of R$619,041 for the period ended on June 30, 2025 (R$728,107 for the year ended on December 31, 2024), preserving its liquidity and optimizing its capital structure.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Deferred Income Taxes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 Breakdown

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax losses carryforward | **2504706** | 2504706 | **2543414** | 2543398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Negative calculation basis (social contribution) | **901694** | 901694 | **915629** | 915623 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Temporary differences - Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provisions for tax, civil and labor risks | **401608** | 392062 | **408343** | 394642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expected credit losses | **32313** | 209378 | **37976** | 215626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impairment on tax credits | **54799** | &nbsp;&nbsp;&nbsp;&nbsp;54853 | **54799** | &nbsp;&nbsp;&nbsp;&nbsp;54853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for other obligations | **58017** | &nbsp;&nbsp;&nbsp;&nbsp;86636 | **68272** | 110059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-down to net realizable value of inventories | **8786** | 6842 | **10517** | &nbsp;&nbsp;&nbsp;&nbsp;10248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employees' benefits plan | **111177** | 106134 | **135092** | 133783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease basis difference | **294588** | 256005 | **296161** | 256418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share-based payment | **27404** | &nbsp;&nbsp;&nbsp;&nbsp;26967 | **27404** | &nbsp;&nbsp;&nbsp;&nbsp;26967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustment to the expcted annual rate | **446572** | &nbsp;&nbsp;&nbsp;&nbsp;- | **446572** | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other temporary differences | **116821** | 243259 | **172399** | 299549 |
|  | **4958485** | 4788536 | **5116578** | 4961166 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Temporary differences - Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill amortization basis difference | **(323005)** | &nbsp;&nbsp;&nbsp;&nbsp;(323005) | **(335549)** | &nbsp;&nbsp;&nbsp;&nbsp;(337038) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation (useful life) basis difference | **(1142326)** | &nbsp;&nbsp;&nbsp;&nbsp;(1096046) | **(1164746)** | &nbsp;&nbsp;&nbsp;&nbsp;(1118093) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business combination (1) | **(954563)** | &nbsp;&nbsp;&nbsp;&nbsp;(959663) | **(954563)** | &nbsp;&nbsp;&nbsp;&nbsp;(959663) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monetary correction by Hyperinflation | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **(10116)** | (46319) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized gains on derivatives, net | **(244118)** | &nbsp;&nbsp;&nbsp;&nbsp;(120326) | **(244118)** | &nbsp;&nbsp;&nbsp;&nbsp;(120326) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized fair value gains, net | **(93352)** | (26986) | **(93352)** | (29977) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other - exchange rate variation | **(493016)** | &nbsp;&nbsp;&nbsp;&nbsp;- | **(493016)** | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other temporary differences | **(108549)** | (24197) | **(109028)** | (20671) |
|  | **(3358929)** | &nbsp;&nbsp;&nbsp;&nbsp;(2550223) | **(3404488)** | &nbsp;&nbsp;&nbsp;&nbsp;(2632087) |
| **Total deferred taxes** | **1599556** | 2238313 | **1712090** | 2329079 |
| **Total Assets** | **1599556** | 2238313 | **1734724** | 2331012 |
| **Total Liabilities** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **(22634)** | &nbsp;&nbsp;&nbsp;&nbsp;(1933) |
|  | **1599556** | 2238313 | **1712090** | 2329079 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The deferred tax liability on business combination is substantially represented
by the allocation of goodwill to property, plant and equipment, brands and contingent liabilities.

As of June 30, 2025, the Parent Company has accumulated tax losses of Income Tax (IRPJ) and negative bases of Contributions on Net Profit (CSLL) in Brazil, which at current tax rates represent R$6,223,814 (R$6,266,431 as of December 31, 2024). In Consolidated, tax losses at local income tax rates represent the amount of R$6,346,440 (R$6,380,870 as of December 31, 2024). Of these amounts, R$3,406,400 in the Parent Company and R$3,459,043 in Consolidated (R$3,406,400 in the Parent Company and R$3,459,021 in Consolidated as of December 31, 2024) are recognized in assets, according to the expectation of recoverability over a ten-year period.

The roll-forward of deferred income taxes, net, is set forth below:

---

| | | |
|:---|:---|:---|
|  | **Parent Company** | **Consolidated** |
|  | **06.30.25** | **06.30.24** |
| **Beginning balance** | **2238313** | **2329079** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes recognized | &nbsp;&nbsp;&nbsp;&nbsp;(322435) | (278046) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes recognized in other comprehensive income | &nbsp;&nbsp;&nbsp;&nbsp;(316322) | (316321) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(22622) |
| **Ending balance** | **1599556** | **1712090** |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 Effective income tax rate reconciliation

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** |
|  | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| Income (loss) before taxes | **942899** | **2269746** | 1076577 | &nbsp;&nbsp;&nbsp;&nbsp;1570744 | **884047** | **2311294** | 1313211 | 2027879 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nominal tax rate | **34%** | **34%** | 34% | 34% | **34%** | **34%** | 34% | 34% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Expenses at nominal tax rates** | **(320586)** | **(771714)** | (366036) | (534053) | **(300576)** | **(785840)** | (446492) | &nbsp;&nbsp;&nbsp;&nbsp;(689479) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustments to income taxes |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from associates and joint ventures | **(50451)** | **(235059)** | 800747 | &nbsp;&nbsp;&nbsp;&nbsp;1106286 | **(174)** | **440** | (1228) | &nbsp;&nbsp;&nbsp;&nbsp;(2046) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax rate, GAAP and permanent differences on the results of a subsidiary | **-** | **-** |  | &nbsp;&nbsp;&nbsp;&nbsp;- | **(112478)** | **(154163)** | 258221 | 477392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Difference of functional currency of foreign subsidiaries | **-** | **-** |  | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  | &nbsp;&nbsp;&nbsp;&nbsp;30588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effect of exchange rate variation on assets and liabilities of subsidiaries | **-** | **-** |  | &nbsp;&nbsp;&nbsp;&nbsp;- | **109477** | **(27244)** | 493826 | 493826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets not recognized | **-** | **-** | (514489) | (665832) | **(15588)** | **(29541)** | (514609) | &nbsp;&nbsp;&nbsp;&nbsp;(665930) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on taxes | **12590** | **23808** | 25788 | 45821 | **14127** | **26778** | 25846 | &nbsp;&nbsp;&nbsp;&nbsp;45919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax paid on international subsidiaries | **-** | **45376** |  | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **45376** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustment for the expected tax rate in the fiscal year | **93721** | **446572** |  | &nbsp;&nbsp;&nbsp;&nbsp;- | **93721** | **446572** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other permanent differences | **62448** | **86327** | &nbsp;&nbsp;&nbsp;&nbsp;(34835) | (30221) | **62365** | **86319** | &nbsp;&nbsp;&nbsp;&nbsp;(34883) | (30513) |
|  | **(202278)** | **(404690)** | &nbsp;&nbsp;&nbsp;&nbsp;(88825) | (77999) | **(149126)** | **(391303)** | (219319) | &nbsp;&nbsp;&nbsp;&nbsp;(340243) |
| **Effective rate** | **21.5%** | **17.8%** | 8.3% | 5.0% | **16.9%** | **16.9%** | 16.7% | 16.8% |
| Current tax | &nbsp;&nbsp;&nbsp;&nbsp;(86034) | (82255) | &nbsp;&nbsp;&nbsp;&nbsp;(14885) | (14682) | &nbsp;&nbsp;&nbsp;&nbsp;(70092) | (113257) | (187250) | &nbsp;&nbsp;&nbsp;&nbsp;(315108) |
| Deferred tax | (116244) | (322435) | &nbsp;&nbsp;&nbsp;&nbsp;(73940) | (63317) | &nbsp;&nbsp;&nbsp;&nbsp;(79034) | (278046) | &nbsp;&nbsp;&nbsp;&nbsp;(32069) | (25135) |

---

Income tax returns in Brazil are subject to review by the tax authorities for a period of five years from the date of their delivery. The Company may be subject to additional collection of taxes, fines and interest as a result of these reviews. The results obtained by subsidiaries abroad are subject to taxation in accordance with the tax laws of each country.

&nbsp;&nbsp;&nbsp;&nbsp;11. Judicial Deposits

The roll-forward of the judicial deposits is set forth below:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Tax** | **Labor** | **Civil, commercial and other** | **Total** |
| **Beginning balance** | **186872** | **156833** | **64334** | **408039** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions | 55 | 41066 | 1289 | 42410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release in favor of the Company | &nbsp;&nbsp;&nbsp;&nbsp;(24336) | &nbsp;&nbsp;&nbsp;&nbsp;(12170) | &nbsp;&nbsp;&nbsp;&nbsp;(140) | &nbsp;&nbsp;&nbsp;&nbsp;(36646) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release in favor of the counterparty | (8045) | &nbsp;&nbsp;&nbsp;&nbsp;(52134) | &nbsp;&nbsp;&nbsp;&nbsp;(2413) | &nbsp;&nbsp;&nbsp;&nbsp;(62592) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | &nbsp;&nbsp;&nbsp;&nbsp;6032 | &nbsp;&nbsp;&nbsp;&nbsp;7175 | 1859 | 15066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange variation |  |  |  |  |
| **Ending balance** | **160578** | **140770** | **64929** | **366277** |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Tax** | **Labor** | **Civil, commercial and other** | **Total** |
| **Beginning balance** | **192057** | **160130** | **70146** | **422333** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions | &nbsp;&nbsp;&nbsp;&nbsp;84 | 41403 | 1300 | 42787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release in favor of the Company | (24336) | (12132) | (140) | &nbsp;&nbsp;&nbsp;&nbsp;(36608) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release in favor of the counterparty | &nbsp;&nbsp;&nbsp;&nbsp;(8045) | (52144) | (8181) | &nbsp;&nbsp;&nbsp;&nbsp;(68370) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | 6134 | 7410 | 1848 | 15392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange variation |  | &nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;- | (7) |
| **Ending balance** | **165894** | **144660** | **64973** | **375527** |

---

&nbsp;&nbsp;&nbsp;&nbsp;12. Investments

12.1 Composition and roll-forward of the investments

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| Investments | **12943262** | &nbsp;&nbsp;&nbsp;&nbsp;13925136 | **595178** | 128699 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment in subsidiaries | **12815865** | &nbsp;&nbsp;&nbsp;&nbsp;13796437 | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments in associates and joint ventures | **127397** | 128699 | **595178** | 128699 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other investments | **583** | 583 | **583** | 584 |
|  | **12943845** | &nbsp;&nbsp;&nbsp;&nbsp;13925719 | **595761** | 129283 |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The roll-forward of the direct investments in subsidiaries and affiliates of the Parent Company is set forth below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Income (loss) for the year** | **Capital transaction** | **Capital transaction** | **Other** | **Other** |  |
|  | **Beginning balance (12.31.24)** | **Income (loss) from associates and joint ventures** | **Advance for future capital increase** | **Acquisition (sale) of equity interest** | **Other comprehensive income** | **Constitution (reversal) of provision for loss** | **Ending balance (06.30.25)** |
| **Direct subsidiaries** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BRF Energia S.A. | 12979 | 532 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  | **13511** |
| &nbsp;&nbsp;&nbsp;BRF Pet S.A. | 1287674 | (82086) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (17171) | &nbsp;&nbsp;&nbsp;&nbsp;- | **1188417** |
| &nbsp;&nbsp;&nbsp;BRF GmbH | 12437503 | (615602) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (324459) | &nbsp;&nbsp;&nbsp;&nbsp;- | **11497442** |
| &nbsp;&nbsp;&nbsp;BRF Foods UK Ltd | 1999 | 499 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(75) | &nbsp;&nbsp;&nbsp;&nbsp;- | **2423** |
| &nbsp;&nbsp;&nbsp;MBR Investimentos | 6259 | 183 | &nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **66442** |
| &nbsp;&nbsp;&nbsp;Sadia Alimentos S.A.U. | 2024 | (1308) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | 1625 | &nbsp;&nbsp;&nbsp;&nbsp;- | **2341** |
| &nbsp;&nbsp;&nbsp;Sadia Uruguay S.A. | 46274 | (244) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (1773) | &nbsp;&nbsp;&nbsp;&nbsp;- | **44257** |
| **Indirect subsidiaries** |  | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |
| &nbsp;&nbsp;&nbsp;Hercosul International S.R.L. | 1006 | 2 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (662) | &nbsp;&nbsp;&nbsp;&nbsp;- | **346** |
| &nbsp;&nbsp;&nbsp;Proudfood Ltd. | 719 | 54 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(87) | &nbsp;&nbsp;&nbsp;&nbsp;- | **686** |
| &nbsp;&nbsp;&nbsp;Sadia Chile SpA | &nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;&nbsp;&nbsp;10924 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | 2922 | (13901) | **-** |
| **Affiliated** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Potengi Holdings S.A. | 120616 | (4107) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **116509** |
| &nbsp;&nbsp;&nbsp;PR-SAD Adm. Bem próprio S.A. | 8083 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **8083** |
| &nbsp;&nbsp;&nbsp;PlantPlus Foods LLC |  | (202) | &nbsp;&nbsp;&nbsp;&nbsp;- | 2922 | 80 | &nbsp;&nbsp;&nbsp;&nbsp;- | **2800** |
| &nbsp;&nbsp;&nbsp;PlantPlus Foods Brasil |  | (1) | &nbsp;&nbsp;&nbsp;&nbsp;- | 17 | &nbsp;&nbsp;&nbsp;&nbsp;(11) | &nbsp;&nbsp;&nbsp;&nbsp;- | **5** |
|  | 13925191 | **(691356)** | **60000** | **2939** | **(339611)** | **(13901)** | **12943262** |

---

On June 30, 2025, these subsidiaries and affiliates do not have any restriction to amortize their loans or advances to the Company.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;13. Property, plant and equipment

The roll forward of fixed assets, which includes the right-of-use balances (note 17.1), is presented below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **Average rate (1)** | **12.31.24** | **Additions** | **Disposals** | **Transfers (2)** | **06.30.25** |
| **Cost** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land |  | 535043 | &nbsp;&nbsp;&nbsp;&nbsp;985 | (473) |  | **535555** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buildings, facilities and improvements |  | &nbsp;&nbsp;&nbsp;&nbsp;12785804 | 345635 | (307189) | &nbsp;&nbsp;&nbsp;&nbsp;167228 | **12991478** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery and equipment |  | 9653352 | 32454 | &nbsp;&nbsp;&nbsp;&nbsp;(33937) | 84813 | **9736682** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furniture and fixtures |  | 135632 | 84 | (2428) | 5024 | **138312** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicles |  | 147623 | 101639 | (2977) |  | **246285** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction in progress |  | 599239 | 592010 | (322) | (454191) | **736736** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advances to suppliers |  | &nbsp;&nbsp;&nbsp;&nbsp;15204 | &nbsp;&nbsp;&nbsp;&nbsp;9705 |  | (16300) | **8609** |
|  |  | **23871897** | **1082512** | **(347326)** | **(213426)** | **24393657** |
| **Depreciation** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% | (17348) | (2038) | 89 |  | **(19297)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buildings, facilities and improvements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.85% | &nbsp;&nbsp;&nbsp;&nbsp;(5352383) | (416678) | 287534 | 2517 | **(5479010)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery and equipment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.84% | &nbsp;&nbsp;&nbsp;&nbsp;(5262441) | (240755) | 24471 | (6757) | **(5485482)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furniture and fixtures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.80% | (68414) | (3693) | &nbsp;&nbsp;&nbsp;&nbsp;1658 | 122 | **(70327)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicles | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.07% | &nbsp;&nbsp;&nbsp;&nbsp;(109293) | &nbsp;&nbsp;&nbsp;&nbsp;(33530) | &nbsp;&nbsp;&nbsp;&nbsp;2667 |  | **(140156)** |
|  |  | **(10809879)** | **(696694)** | **316419** | **(4118)** | **(11194272)** |
|  |  | **13062018** | **385818** | **(30907)** | **(217544)** | **13199385** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The weighted average annual rate applicable to right-of-use assets
is disclosed in Note 17.1.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Refers to the net transfer of R$795 to intangible assets, R$219,884 related
to the re-option of PIS and COFINS credits for recoverable taxes, and R$3,135 of assets held for sale

&nbsp;&nbsp;&nbsp;&nbsp;(3) Land depreciation refers to right-of-use assets (note 17.1). The amount of R$848
of depreciation was recognized in the cost of formation of forests and will be realized in the result according to the depletion.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **Average rate (1)** | **12.31.24** | **Additions** | **Disposals** | **Transfers (2)** | **Monetary correction by Hyperinflation** | **Exchange rate variation** | **06.30.25** |
| **Cost** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land |  | 784718 | &nbsp;&nbsp;&nbsp;&nbsp;4576 | (1290) |  | &nbsp;&nbsp;&nbsp;&nbsp;204 | &nbsp;&nbsp;&nbsp;&nbsp;(37038) | **751170** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buildings, facilities and improvements |  | &nbsp;&nbsp;&nbsp;&nbsp;13970153 | &nbsp;&nbsp;&nbsp;&nbsp;537516 | (370721) | &nbsp;&nbsp;&nbsp;&nbsp;190021 | 32508 | (164107) | **14195370** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery and equipment |  | &nbsp;&nbsp;&nbsp;&nbsp;10963286 | 81994 | &nbsp;&nbsp;&nbsp;&nbsp;(35377) | 56002 | 70895 | (198150) | **10938650** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furniture and fixtures |  | 269845 | &nbsp;&nbsp;&nbsp;&nbsp;136 | (2863) | &nbsp;&nbsp;&nbsp;&nbsp;5799 | 11498 | &nbsp;&nbsp;&nbsp;&nbsp;(26308) | **258107** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicles |  | 502545 | &nbsp;&nbsp;&nbsp;&nbsp;119070 | (5914) | 15616 | &nbsp;&nbsp;&nbsp;&nbsp;3898 | &nbsp;&nbsp;&nbsp;&nbsp;(46298) | **588917** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction in progress |  | 645621 | &nbsp;&nbsp;&nbsp;&nbsp;677812 | (388) | (465194) | (3188) | (5435) | **849228** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advances to suppliers |  | &nbsp;&nbsp;&nbsp;&nbsp;19719 | 18707 |  | &nbsp;&nbsp;&nbsp;&nbsp;(23489) | (946) | (573) | **13418** |
|  |  | **27155887** | **1439811** | **(416553)** | **(221245)** | **114869** | **(477909)** | **27594860** |
| **Depreciation** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% | (58976) | (5052) | 89 |  | &nbsp;&nbsp;&nbsp;&nbsp;4308 | &nbsp;&nbsp;&nbsp;&nbsp;5176 | **(54455)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buildings, facilities and improvements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.99% | &nbsp;&nbsp;&nbsp;&nbsp;(5779019) | (468274) | &nbsp;&nbsp;&nbsp;&nbsp;350956 | &nbsp;&nbsp;&nbsp;&nbsp;(12722) | &nbsp;&nbsp;&nbsp;&nbsp;8626 | 52484 | **(5847949)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery and equipment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.09% | &nbsp;&nbsp;&nbsp;&nbsp;(5846956) | (277708) | 24865 | 12904 | &nbsp;&nbsp;&nbsp;&nbsp;(38445) | 83106 | **(6042234)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furniture and fixtures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.09% | &nbsp;&nbsp;&nbsp;&nbsp;(121541) | (6481) | &nbsp;&nbsp;&nbsp;&nbsp;1969 | &nbsp;&nbsp;&nbsp;&nbsp;197 | (4726) | 10138 | **(120444)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicles | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.66% | &nbsp;&nbsp;&nbsp;&nbsp;(281166) | &nbsp;&nbsp;&nbsp;&nbsp;(97534) | &nbsp;&nbsp;&nbsp;&nbsp;3716 | (4498) | (178) | 24135 | **(355525)** |
|  |  | **(12087658)** | **(855049)** | **381595** | **(4119)** | **(30415)** | **175039** | **(12420607)** |
|  |  | **15068229** | **584762** | **(34958)** | **(225364)** | **84454** | **(302870)** | **15174253** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The weighted average annual rate applicable to right-of-use assets
is disclosed in Note 17.1.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Refers to the net transfer of R$8,615 to intangible assets, R$219,884 related
to the re-option of PIS and COFINS credits for recoverable taxes, and R$3,135 of assets held for sale.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Land depreciation refers to right-of-use assets (note 17.1). The amount of R$848
of depreciation was recognized in the cost of formation of forests and will be realized in the result according to the depletion.

The amount of capitalized borrowing costs during the period ended June 30, 2025 was R$31,381 in the Parent Company and R$31,722 in the Consolidated (R$18,320 in the Parent Company and R$19,246 in the Consolidated in the same period of the previous year) and in the three-month period ended June 30, 2025, it was R$20,409 for the Parent Company and R$20,506 for the Consolidated (R$8,884 for the Parent Company and R$9,423 for the Consolidated in the same period of the previous year).

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The weighted average rate used to determine the amount of borrowing costs subject to capitalization during the period ended June 30, 2025 was 8.98% p.a. in the Parent Company and 9.74% p.a. in the Consolidated for the six-month period ended June 30, 2025 (9.28% p.a. in the Parent Company and 11.50% p.a. in the Consolidated in the same period of the previous year).

The book value of the property, plant and equipment items that are pledged as collateral for transactions of different natures are set forth below:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **Type of collateral** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| Land | Financial/tax/civil | **50366** | &nbsp;&nbsp;&nbsp;&nbsp;62144 | **50366** | &nbsp;&nbsp;&nbsp;&nbsp;62144 |
| Buildings, facilities and improvements | Financial/tax | **914274** | 947286 | **914274** | 947286 |
| Machinery and equipment | Financial/labor/tax/civil | **964823** | 1036448 | **964823** | 1036448 |
| Furniture and fixtures | Financial/tax | **11608** | &nbsp;&nbsp;&nbsp;&nbsp;11751 | **11608** | &nbsp;&nbsp;&nbsp;&nbsp;11751 |
| Vehicles | Financial/tax | **70** | &nbsp;&nbsp;&nbsp;&nbsp;82 | **70** | &nbsp;&nbsp;&nbsp;&nbsp;82 |
|  |  | **1941141** | 2057711 | **1941141** | 2057711 |

---

&nbsp;&nbsp;&nbsp;&nbsp;14. Intangible assets

The intangible assets roll forward, is set forth below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **Average rate (1)** | **12.31.24** | **Additions** | **Disposals** | **Transfers (2)** | **06.30.25** |
| **Cost** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill |  | &nbsp;&nbsp;&nbsp;&nbsp;1783655 |  |  |  | **1783655** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trademarks |  | &nbsp;&nbsp;&nbsp;&nbsp;1152885 |  |  |  | **1152885** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-compete agreement |  | 12646 | &nbsp;&nbsp;&nbsp;&nbsp;1127 |  |  | **13773** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patents |  | &nbsp;&nbsp;&nbsp;&nbsp;1810 |  |  |  | **1810** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer relationship |  |  |  |  |  | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Software |  | &nbsp;&nbsp;&nbsp;&nbsp;587126 |  | (237) | &nbsp;&nbsp;&nbsp;&nbsp;126848 | **713737** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land use license |  |  |  |  |  | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intagible in progress |  | 37260 | 123561 | (3432) | (126053) | **31336** |
|  |  | **3575382** | **124688** | **(3669)** | **795** | **3697196** |
| **Amortization** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-compete agreement | 50.12% | &nbsp;&nbsp;&nbsp;&nbsp;(10844) | (1711) |  |  | **(12555)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parents | 10.00% | (1697) | &nbsp;&nbsp;&nbsp;&nbsp;(11) |  |  | **(1708)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer relationship |  |  |  |  |  | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Software | 40.21% | (369967) | &nbsp;&nbsp;&nbsp;&nbsp;(75767) | &nbsp;&nbsp;&nbsp;&nbsp;234 |  | **(445500)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land use license |  |  |  |  |  | **-** |
|  |  | **(382508)** | **(77489)** | **234** | **-** | **(459763)** |
|  |  | **3192874** | **47199** | **(3435)** | **795** | **3237433** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average annual remaining rate.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Refers to the net transfer of R$795 from property, plant and equipment.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **Average rate (1)** | **Saldo em<br> 31.12.24** | **Additions** | **Disposals** | **Transfers (2)** | **Monetary correction by Hyperinflation** | **Exchange rate variation** | **30.06.25** |
| **Cost** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill |  | &nbsp;&nbsp;&nbsp;&nbsp;3771262 |  |  |  | 41586 | (217767) | **3595081** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trademarks |  | &nbsp;&nbsp;&nbsp;&nbsp;2006266 |  |  |  | 49174 | (86601) | **1968839** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-compete agreement |  | 57019 | 1127 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;(4932) | **53214** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patents |  | 5386 |  |  |  | 36 | (400) | **5022** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer relationship |  | &nbsp;&nbsp;&nbsp;&nbsp;1654610 |  |  |  | 94295 | (251398) | **1497507** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Software |  | &nbsp;&nbsp;&nbsp;&nbsp;700208 |  | (340) | &nbsp;&nbsp;&nbsp;&nbsp;137942 | 2710 | (12376) | **828144** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land use license |  |  | 29088 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;(1144) | **27944** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intagible in progress |  | 37692 | &nbsp;&nbsp;&nbsp;&nbsp;128019 | &nbsp;&nbsp;&nbsp;&nbsp;(3435) | (129327) | &nbsp;&nbsp;&nbsp;&nbsp;494 | (69) | **33374** |
|  |  | **8232443** | **158234** | **(3775)** | **8615** | **188295** | **(574687)** | **8009125** |
| **Amortization** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-compete agreement | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50.12% | (54468) | &nbsp;&nbsp;&nbsp;&nbsp;(1936) |  |  |  | 4932 | **(51472)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parents | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.67% | &nbsp;&nbsp;&nbsp;&nbsp;(4150) | (173) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;253 | **(3950)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer relationship | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.44% | (1034270) | (55924) |  |  | (60880) | &nbsp;&nbsp;&nbsp;&nbsp;164617 | **(986457)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Software | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39.15% | (466344) | (82005) | &nbsp;&nbsp;&nbsp;&nbsp;305 |  | 2823 | 7709 | **(537512)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land use license | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.66% |  | (126) |  |  |  | 2 | **(124)** |
|  |  | **(1559232)** | **(140164)** | **305** | **-** | **(57937)** | **177513** | **(1579515)** |
|  |  | **6673211** | **18070** | **(3470)** | **8615** | **130358** | **(397174)** | **6429610** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average annual remaining rate.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Refers to the net transfer of R$8.615 from property, plant and equipment.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;15. Loans and borrowings

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **Charges (p.a.)** | **Average rate (1)** | **WAMT (2)** | **12.31.24** | **Borrowing** | **Amortization** | **Interest paid** | **Interest accrued (3)** | **Exchange rate variation** | **06.30.25** |
| **Local currency** |  |  |  |  |  |  |  |  |  |  |
| Export credit facility | CDI | 16,56% (13,77% on 12.31.24) | &nbsp;&nbsp;&nbsp;&nbsp;2.20 | &nbsp;&nbsp;&nbsp;&nbsp;1113401 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (84151) | 88122 |  | **1117372** |
| Debentures | CDI / IPCA / Fixed Rate | 12,06% (11,24% on 12.131.24) | &nbsp;&nbsp;&nbsp;&nbsp;6.79 | &nbsp;&nbsp;&nbsp;&nbsp;7226736 | 1159897 | &nbsp;&nbsp;&nbsp;&nbsp;(286643) | &nbsp;&nbsp;&nbsp;&nbsp;(262467) | &nbsp;&nbsp;&nbsp;&nbsp;782174 |  | **8619697** |
| Fiscal incentives | Fixed Rate | 0,00% (0,00% on 12.31.24) | &nbsp;&nbsp;&nbsp;&nbsp;- |  | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (5) | 5 |  | **-** |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;8340137 | 1159897 | &nbsp;&nbsp;&nbsp;&nbsp;(286643) | &nbsp;&nbsp;&nbsp;&nbsp;(346623) | &nbsp;&nbsp;&nbsp;&nbsp;870301 |  | **9737069** |
| **Foreign currency** |  |  |  |  |  |  |  |  |  |  |
| Bonds | Fixed Rate + FX (USD) | 5,34% (5,34% on 12.31.24) | 12.88 | &nbsp;&nbsp;&nbsp;&nbsp;7842004 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(228559) | &nbsp;&nbsp;&nbsp;&nbsp;227710 | (940960) | **6900195** |
| Export credit facility | Fixed Rate + FX (USD) | 4,24% (4,24% on 12.31.24) | &nbsp;&nbsp;&nbsp;&nbsp;3.24 | &nbsp;&nbsp;&nbsp;&nbsp;1598101 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (31005) | 31180 | (189916) | **1408360** |
| Advance on foreign exchange contracts | Fixed Rate + FX (USD) | 0,00% (0,00% on 12.31.24) | &nbsp;&nbsp;&nbsp;&nbsp;- |  | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  | **-** |
| Working capital | 0 |  | &nbsp;&nbsp;&nbsp;&nbsp;- |  | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  | **-** |
| Debentures | Fixed Rate + FX (USD) | 6,00% (0,00% on 12.31.24) | &nbsp;&nbsp;&nbsp;&nbsp;9.76 |  | &nbsp;&nbsp;&nbsp;&nbsp;27726 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (1151) |  | **26575** |
|  |  |  |  | **9440105** | **27726** | **-** | **(259564)** | **257739** | **(1130876)** | **8335130** |
|  |  |  |  | **17780242** | **1187623** | **(286643)** | **(606187)** | **1128040** | **(1130876)** | **18072199** |
| **Current** |  |  |  | **952565** |  |  |  |  |  | **895678** |
| **Non-current** |  |  |  | **16827677** |  |  |  |  |  | **17176521** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average annual rate.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Weighted average maturity in years.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Includes interest amounts, monetary restatement of the principal coupon and
mark-to-market for debts hedged object to fair value hedge protection.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **Charges (p.a.)** | **Average rate (1)** | **WAMT (2)** | **12.31.24** | **Borrowing** | **Amortization** | **Interest paid** | **Interest accrued (3)** | **Exchange rate variation** | **06.30.25** |
| **Local currency** |  |  |  |  |  |  |  |  |  |  |
| Export credit facility | CDI | 16,56% (13,77% on 12.31.24) | 2.20 | 1113400 |  |  | (84151) | 88123 | &nbsp;&nbsp;&nbsp;&nbsp;- | **1117372** |
| Debentures | CDI / IPCA / Fixed Rate | 12,06% (11,24% on 12.31.24) | 6.79 | 7226736 | 1159897 | (286643) | &nbsp;&nbsp;&nbsp;&nbsp;(262467) | 782174 | &nbsp;&nbsp;&nbsp;&nbsp;- | **8619697** |
| Fiscal incentives | Fixed Rate | 0,00% (0,00% on 12.31.24) |  |  |  |  | (5) | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |
|  |  |  |  | 8340136 | 1159897 | (286643) | &nbsp;&nbsp;&nbsp;&nbsp;(346623) | 870302 | &nbsp;&nbsp;&nbsp;&nbsp;- | **9737069** |
| **Foreign currency** |  |  |  |  |  |  |  |  |  |  |
| Bonds | Fixed Rate + FX (USD) | 5,16% (5,16% on 12.31.24) | &nbsp;&nbsp;&nbsp;&nbsp;12.88 | 9601353 |  | (20696) | &nbsp;&nbsp;&nbsp;&nbsp;(263588) | 263299 | &nbsp;&nbsp;&nbsp;&nbsp;(1148704) | **8431664** |
| Export credit facility | Fixed Rate + FX (USD) | 4,24% (4,24% on 12.31.24) | 3.24 | 1598102 |  |  | (31005) | 31180 | &nbsp;&nbsp;&nbsp;&nbsp;(189917) | **1408360** |
| Advance on foreign exchange contracts | Fixed Rate + FX (USD) | 0,00% (0,00% on 12.31.24) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;- |  | &nbsp;&nbsp;&nbsp;&nbsp;7 | **7** |
| Working capital | Fixed Rate / EIBOR3M+1.8% + FX (TRY/AED) | 10,98% (10,62% on 12.31.24) | 0.66 | 1200957 | 246254 | (104143) | (91700) | 64731 | &nbsp;&nbsp;&nbsp;&nbsp;(174254) | **1141845** |
| Debentures | Fixed Rate + FX (USD) | 6,00% (0,00% on 12.31.24) | 9.76 |  | 27726 |  | &nbsp;&nbsp;&nbsp;&nbsp;- | (1151) | &nbsp;&nbsp;&nbsp;&nbsp;- | **26575** |
|  |  |  |  | **12400412** | **273980** | **(124839)** | **(386293)** | **358059** | **(1512868)** | **11008451** |
|  |  |  |  | **20740548** | **1433877** | **(411482)** | **(732916)** | **1228361** | **(1512868)** | **20745520** |
| **Current** |  |  |  | **1230273** |  |  |  |  |  | **2042518** |
| **Non-current** |  |  |  | **19510275** |  |  |  |  |  | **18703002** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average annual rate.

&nbsp;&nbsp;&nbsp;&nbsp;(2) average maturity in years

&nbsp;&nbsp;&nbsp;&nbsp;(3) Includes interest amounts, monetary restatement of the principal coupon and
mark-to-market for debts hedged object to fair value hedge protection.

The maturity schedule of the loans and borrowings is presented on note 23.1.

On June 30, 2025 and on December 31, 2024, the Company did not have any financial covenant clauses related to its loans and borrowings agreements.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

15.1 Guarantees

On June 30, 2025, the amount of bank guarantees contracted by the Company was R$190,327 (R$195,798 as of December 31, 2024) which were offered mainly in litigations involving the Company's use of tax credits. These guarantees carry an average cost of 1.62% p.a. (1.63% p.a. as of December 31, 2024).

15.2 Issuance of debentures

On April 23, 2025, the Company settled its sixth issuance of simple, non-convertible into shares, unsecured debentures, in four series for private placement, in the total amount of R$1,250,000.

The debentures were subject to Private Placement with ECO Securitizadora de Direitos Creditórios do Agronegócio S.A. ("Securitization Company"), in the context of its 390<sup>th</sup> issuance of agribusiness receivables certificates, in four series, backed by agribusiness credit rights arising from the debentures, for public distribution.<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** |
|  | **30.06.25** | **30.06.25** | **30.06.25** | **30.06.25** | **30.06.25** | **30.06.25** |
| **Operation** | **Series** | **Issue date** | **Maturity** | **Rate** | **Notional** | **Updated value** |
| &nbsp;&nbsp;&nbsp;Debenture - 6th Issuance | 1st Series | 04.23.25 | 04.03.35 | FX + 6% p.a. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26575 |
| &nbsp;&nbsp;&nbsp;Debenture - 6th Issuance | 2nd Series | 04.23.25 | 04.16.35 | IPCA + 8,04% p.a. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452594 |
| &nbsp;&nbsp;&nbsp;Debenture - 6th Issuance | 3rd Series | 04.23.25 | 04.16.40 | IPCA + 8,23% p.a. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425228 |
| &nbsp;&nbsp;&nbsp;Debenture - 6th Issuance | 4th Series | 04.23.25 | 04.17.45 | IPCA + 8,38% p.a. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366829 |
|  |  |  |  |  | **1250000** | **1271226** |

---

Issuances costs of R$63,272 are recognized in the Statement of Income over the term of the debt, according to the effective interest rate method.

&nbsp;&nbsp;&nbsp;&nbsp;16. Trade accounts payable

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| **Trade accounts payable** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Domestic market** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third parties | **11690362** | &nbsp;&nbsp;&nbsp;&nbsp;10691833 | **11881818** | &nbsp;&nbsp;&nbsp;&nbsp;10888870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related parties | **315884** | 404215 | **60403** | &nbsp;&nbsp;&nbsp;&nbsp;36380 |
|  | **12006246** | &nbsp;&nbsp;&nbsp;&nbsp;11096048 | **11942221** | &nbsp;&nbsp;&nbsp;&nbsp;10925250 |
| **Foreign market** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third parties | **1305293** | 1311144 | **2909648** | 2833403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related parties | **223463** | &nbsp;&nbsp;&nbsp;&nbsp;17466 | **49124** | 5587 |
|  | **1528756** | 1328610 | **2958772** | 2838990 |
| &nbsp;&nbsp;&nbsp;&nbsp;(-) Adjustment to present value ("APV") | **(238643)** | &nbsp;&nbsp;&nbsp;&nbsp;(185412) | **(253185)** | &nbsp;&nbsp;&nbsp;&nbsp;(194190) |
|  | **13296359** | &nbsp;&nbsp;&nbsp;&nbsp;12239246 | **14647808** | &nbsp;&nbsp;&nbsp;&nbsp;13570050 |
| Current | **13295810** | &nbsp;&nbsp;&nbsp;&nbsp;12227480 | **14646818** | &nbsp;&nbsp;&nbsp;&nbsp;13558284 |
| Non-current | **549** | &nbsp;&nbsp;&nbsp;&nbsp;11766 | **990** | &nbsp;&nbsp;&nbsp;&nbsp;11766 |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The Company has partnerships with several financial institutions that allow suppliers to anticipate their receivables and, therefore, transfer the right to receive invoices with financial institutions ("Supply Chain Finance" or "Program"). Suppliers are free to choose whether or not to anticipate their receivables and with which financial institution, without any involvement from BRF.

The Program can generate benefits in the commercial relations of BRF and its suppliers, such as preference and priority of supply in cases of restricted supply, better commercial conditions, among others, without modifying the commercial essence of the relationship.

Invoices included in the Program are paid according to the same price and term conditions negotiated with its suppliers, without incurring any charge to the Company, so that there are no changes in commercial conditions after negotiation and invoicing of goods or services.

The balances of invoices included in the Supply Chain Finance are R$4,117,544 in the Parent Company and R$4,388,557 in the Consolidated on June 30, 2025 (R$4,735,503 in the Parent Company and R$4,942,713 in the Consolidated on December 31, 2024). The average payment term agreed with suppliers who choose to participate in the Program is substantially similar to that agreed with non-participating suppliers.

The Company measures and discriminates the adjustment to present value for all its commercial operations carried out in installments, specifying financial and operational items.

&nbsp;&nbsp;&nbsp;&nbsp;17. Leases

The Company is lessee in several lease agreements for forest lands, offices, distribution centers, outgrowers, vehicles, among others. Some contracts have a renewal option for an additional period at the end of the agreement, established by contractual amendments. Automatic renewals or renewals for undetermined periods are not allowed.

The contract clauses mentioned, with respect to renewal, readjustment and purchase option, are contracted according to market practices. In addition, there are no clauses of contingent payments or restrictions on dividends distribution, payments of interest on shareholders' equity or obtaining debt.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

17.1 Right-of-use assets

The right-of-use assets as set forth below are part of the balance of property, plant and equipment (note 13).

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **Average rate (1)** | **12.31.24** | **Additions** | **Disposals** | **06.30.25** |
| **Cost** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land |  | 36081 | &nbsp;&nbsp;&nbsp;&nbsp;984 | (434) | **36631** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buildings, facilities and improvements |  | &nbsp;&nbsp;&nbsp;&nbsp;4496383 | 345635 | (303211) | **4538807** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery and equipment |  | &nbsp;&nbsp;&nbsp;&nbsp;151781 | 31894 | (951) | **182724** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicles |  | &nbsp;&nbsp;&nbsp;&nbsp;140437 | 101639 | (2978) | **239098** |
|  |  | **4824682** | **480152** | **(307574)** | **4997260** |
| **Depreciation** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land | 10.97% | &nbsp;&nbsp;&nbsp;&nbsp;(16771) | (2000) | 92 | **(18679)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buildings, facilities and improvements | 13.39% | (1838731) | (311659) | 284968 | **(1865422)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery and equipment | 19.83% | &nbsp;&nbsp;&nbsp;&nbsp;(54921) | &nbsp;&nbsp;&nbsp;&nbsp;(17621) | &nbsp;&nbsp;&nbsp;&nbsp;394 | **(72148)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicles | 69.29% | (102689) | &nbsp;&nbsp;&nbsp;&nbsp;(33404) | &nbsp;&nbsp;&nbsp;&nbsp;2668 | **(133425)** |
|  |  | **(2013112)** | **(364684)** | **288122** | **(2089674)** |
|  |  | **2811570** | **115468** | **(19452)** | **2907586** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average annual rate.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **Average rate (1)** | **12.31.24** | **Additions** | **Disposals** | **Transfer (2)** | **Monetary correction by Hyperinflation** | **Exchange rate variation** | **06.30.25** |
| **Cost** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land |  | &nbsp;&nbsp;&nbsp;&nbsp;156818 | &nbsp;&nbsp;&nbsp;&nbsp;4575 | (432) |  | (8829) | &nbsp;&nbsp;&nbsp;&nbsp;(14535) | **137597** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buildings, facilities and improvements |  | &nbsp;&nbsp;&nbsp;&nbsp;4770918 | &nbsp;&nbsp;&nbsp;&nbsp;388270 | (366616) | 22495 | (4545) | &nbsp;&nbsp;&nbsp;&nbsp;(33884) | **4776638** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery and equipment |  | &nbsp;&nbsp;&nbsp;&nbsp;203958 | 32508 | (1078) | (38191) |  | (184) | **197013** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicles |  | &nbsp;&nbsp;&nbsp;&nbsp;479356 | &nbsp;&nbsp;&nbsp;&nbsp;118619 | (5913) | 15696 | &nbsp;&nbsp;&nbsp;&nbsp;3835 | &nbsp;&nbsp;&nbsp;&nbsp;(45670) | **565923** |
|  |  | **5611050** | **543972** | **(374039)** | **-** | **(9539)** | **(94273)** | **5677171** |
| **Depreciation** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.0% | (58397) | (5014) | 90 |  | &nbsp;&nbsp;&nbsp;&nbsp;4308 | &nbsp;&nbsp;&nbsp;&nbsp;5176 | **(53837)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buildings, facilities and improvements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1% | (2023004) | (349642) | &nbsp;&nbsp;&nbsp;&nbsp;348360 | (17494) | 12675 | 22283 | **(2006822)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Machinery and equipment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.2% | (81885) | &nbsp;&nbsp;&nbsp;&nbsp;(18843) | &nbsp;&nbsp;&nbsp;&nbsp;483 | 22072 |  | &nbsp;&nbsp;&nbsp;&nbsp;147 | **(78026)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vehicles | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61.6% | (258994) | &nbsp;&nbsp;&nbsp;&nbsp;(96978) | &nbsp;&nbsp;&nbsp;&nbsp;3716 | &nbsp;&nbsp;&nbsp;&nbsp;(4578) | (384) | 23567 | **(333651)** |
|  |  | **(2422280)** | **(470477)** | **352649** | **-** | **16599** | **51173** | **(2472336)** |
|  |  | **3188770** | **73495** | **(21390)** | **-** | **7060** | **(43100)** | **3204835** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average annual rate.

17.2 Lease liabilities

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **Weighted average<br> interest rate (p.a.)** | **WAM (1)** | **12.31.24** | **Additions** | **Payments** | **Interest paid** | **Interest accrued** | **Disposals** | **06.30.25** |
| Land | 13.6% | &nbsp;&nbsp;&nbsp;&nbsp;6.9 | 25153 | 984 | (1127) | (1620) | 1620 | &nbsp;&nbsp;&nbsp;&nbsp;(398) | 24612 |
| Buildings, facilities and improvements (2) | 10.0% | &nbsp;&nbsp;&nbsp;&nbsp;6.7 | 3417059 | &nbsp;&nbsp;&nbsp;&nbsp;345635 | (267084) | &nbsp;&nbsp;&nbsp;&nbsp;(68753) | 173723 | (55785) | **3544795** |
| Machinery and equipment | 14.4% | &nbsp;&nbsp;&nbsp;&nbsp;3.8 | 108104 | 31894 | &nbsp;&nbsp;&nbsp;&nbsp;(15791) | (8587) | 8587 | &nbsp;&nbsp;&nbsp;&nbsp;(609) | **123598** |
| Vehicles | 3.8% | &nbsp;&nbsp;&nbsp;&nbsp;1.6 | 43385 | &nbsp;&nbsp;&nbsp;&nbsp;101639 | &nbsp;&nbsp;&nbsp;&nbsp;(36215) | (2036) | 2036 | &nbsp;&nbsp;&nbsp;&nbsp;(333) | **108476** |
|  |  |  | **3593701** | **480152** | **(320217)** | **(80996)** | **185966** | **(57125)** | **3801481** |
| **Current** |  |  | **847407** |  |  |  |  |  | **825512** |
| **Non-current** |  |  | **2746294** |  |  |  |  |  | **2975969** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average maturity in years.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes the amount of R$2,462,849 in the Parent Company
and in the Consolidated (R$2,349,173 in the Parent Company and in the Consolidated on December 31, 2024) referring to the right of use
identified on integrated producers contracts.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **Weighted average<br> interest rate (p.a.)** | **WAM (1)** | **12.31.24** | **Additions** | **Payments** | **Interest paid** | **Interest accrued** | **Disposals** | **Exchange rate variation** | **06.30.25** |
| &nbsp;&nbsp;&nbsp;&nbsp;Land | 8.8% | 11.4 | 119805 | 4575 | (2614) | (4743) | 4743 | &nbsp;&nbsp;&nbsp;&nbsp;(398) | (11220) | &nbsp;&nbsp;&nbsp;&nbsp;110148 |
| &nbsp;&nbsp;&nbsp;&nbsp;Buildings, facilities and improvements (2) | 10.0% | &nbsp;&nbsp;&nbsp;&nbsp;3.7 | 3514736 | &nbsp;&nbsp;&nbsp;&nbsp;388270 | (304195) | &nbsp;&nbsp;&nbsp;&nbsp;(72331) | 177302 | (55797) | (5993) | **3641992** |
| &nbsp;&nbsp;&nbsp;&nbsp;Machinery and equipment | 14.1% | &nbsp;&nbsp;&nbsp;&nbsp;3.1 | 135150 | 32508 | &nbsp;&nbsp;&nbsp;&nbsp;(16774) | (9022) | 9022 | &nbsp;&nbsp;&nbsp;&nbsp;(607) | (17728) | **132549** |
| &nbsp;&nbsp;&nbsp;&nbsp;Vehicles | 6.6% | &nbsp;&nbsp;&nbsp;&nbsp;2.4 | 223238 | &nbsp;&nbsp;&nbsp;&nbsp;118619 | &nbsp;&nbsp;&nbsp;&nbsp;(98467) | (7561) | 7561 | &nbsp;&nbsp;&nbsp;&nbsp;(602) | (10558) | **232230** |
|  |  |  | **3992929** | **543972** | **(422050)** | **(93657)** | **198628** | **(57404)** | **(45499)** | **4116919** |
| **Current** |  |  | **1014813** |  |  |  |  |  |  | **938655** |
| **Non-current** |  |  | **2978116** |  |  |  |  |  |  | **3178264** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Weighted average maturity in years.

(2) Includes the amount of R$2,462,849 in the Parent Company and in the Consolidated
(R$2,349,173 in the Parent Company and in the Consolidated on December 31, 2024) referring to the right of use identified on integrated
producers contracts.

17.3 Lease liabilities maturity schedule

The maturity schedule of the minimum required future payments is presented below:

---

| | | |
|:---|:---|:---|
|  | **Parent company** | **Consolidated** |
|  | **06.30.25** | **06.30.25** |
| **Current** | **825512** | **938655** |
| **Non-current** | **2975969** | **3178264** |
| &nbsp;&nbsp;&nbsp;&nbsp;2026 | 377866 | 412163 |
| &nbsp;&nbsp;&nbsp;&nbsp;2027 | 607206 | 662764 |
| &nbsp;&nbsp;&nbsp;&nbsp;2028 | 482993 | 514281 |
| &nbsp;&nbsp;&nbsp;&nbsp;2029 | 388416 | 405292 |
| &nbsp;&nbsp;&nbsp;&nbsp;2030 onwards | 1119488 | &nbsp;&nbsp;&nbsp;&nbsp;1183764 |
|  | **3801481** | **4116919** |

---

17.4 recognized in the statement of income

The amounts directly recognized in the statement of income presented below relate to items not capitalized, including low-value assets, short-term leases and leases with variable payments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **2025** | **2025** | **2025** | **2025** |
|  | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| &nbsp;&nbsp;&nbsp;Variable payments not included in the lease liabilities | **3734** | **6986** | **3734** | **6986** |
| &nbsp;&nbsp;&nbsp;Expenses related to short-term leases | **2328** | **5171** | **2533** | **7518** |
| &nbsp;&nbsp;&nbsp;Expenses related to low-value assets | **5038** | **9989** | **5055** | **10022** |
|  | **11100** | **22146** | **11322** | **24526** |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;18. Share-based payment

The rules for the restricted shares plans granted to executives were disclosed in the financial statements for the year ended December 31, 2024 (note 18).

The breakdown of the outstanding shares granted is set forth below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Date** | **Date** | **Quantity** | **Quantity** | **Grant (1)** |
| **Grant** | **Vesting date** | **Shares granted (2)** | **Outstanding shares** | **Fair value of the shares** |
| 07/01/22 | 07/01/25 | 4703472 | 1186145 | 14.11 |
| 06/01/23 | 06/01/26 | 4758877 | 1378268 | 7.38 |
| 07/01/23 | 07/01/26 | 2108504 | 1268491 | 8.98 |
| 04/01/24 | 04/01/27 | 2323377 | 1389958 | 16.35 |
| 07/01/24 | 07/01/27 | 1086352 | 1066458 | 19.54 |
| 04/01/25 | 04/01/28 | 2308198 | 2308198 | 19.16 |
|  |  | **17288780** | **8597518** |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Amounts expressed in Brazilian Reais.

&nbsp;&nbsp;&nbsp;&nbsp;(2) granted before income tax deduction.

The roll forward of the granted options and shares for the period ended on June 30, 2025, is presented below:

---

| | |
|:---|:---|
| **Consolidated** | **Consolidated** |
| **Outstanding stocks as of December 31, 2024** | 9712356 |
| &nbsp;&nbsp;&nbsp; **Forfeiture (1) :** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted shares – April 2024 grant | &nbsp;&nbsp;&nbsp;&nbsp;(254336) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted shares – July 2024 grant | (48509) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted shares – July 2023 grant | (55714) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted shares – June 2023 grant | &nbsp;&nbsp;&nbsp;&nbsp;(392581) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted shares – July 2022 grant | &nbsp;&nbsp;&nbsp;&nbsp;(183990) |
| &nbsp;&nbsp;&nbsp; **Exercised:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted shares – April 2024 grant | &nbsp;&nbsp;&nbsp;&nbsp;(845328) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted shares – June 2023 grant | (1676400) |
| &nbsp;&nbsp;&nbsp; **Granted:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted shares – April 2025 grant | 2308198 |
| &nbsp;&nbsp;&nbsp; ***True-up:*** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supplemental restricted shares – April 2024 grant | 11337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supplemental restricted shares – June 2023 grant | 22485 |
| **Outstanding stocks as of June 30, 2025** | **8597518** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The forfeitures are related to the resignation of
eligible executive before the end of the vesting period.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The Company has registered the fair value of share-based compensation plans in the amount of R$109,633 under shareholders' equity (R$131,872 as of December 31, 2024) and in the amount of R$37,351 under non-current liabilities (R$47,301 as of December 31, 2024). Regarding these plans, expenses of R$8,648 were recognized in the Parent Company and R$20,089 in the Consolidated for the six-month period ended June 30, 2025 (R$67,371 in the Parent Company and R$72,718 in the Consolidated for the same period of the previous year) and R$10,914 in the Parent Company and R$22,355 in the Consolidated for the three-month period ended June 30, 2025 (R$39,082 in the Parent Company and R$44,373 in the Consolidated for the same period of the previous year).

&nbsp;&nbsp;&nbsp;&nbsp;**19.** Employees benefits

The Company offers pension and other post-employment plans to the employees. The characteristics of such benefits were disclosed in the annual financial statements for the year ended on December 31, 2024 (note 19) and have not been changed during the following periods.

The actuarial liabilities are presented below:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| Medical assistance | **63587** | 60486 | **64229** | 61278 |
| F.G.T.S. Penalty (1) | **79127** | 75771 | **79127** | 75771 |
| Award for length of service | **116512** | &nbsp;&nbsp;&nbsp;&nbsp;111071 | **116512** | &nbsp;&nbsp;&nbsp;&nbsp;111071 |
| Other (2) | **67764** | 64831 | **284625** | &nbsp;&nbsp;&nbsp;&nbsp;314283 |
|  | **326990** | &nbsp;&nbsp;&nbsp;&nbsp;312159 | **544493** | &nbsp;&nbsp;&nbsp;&nbsp;562403 |
| Current | **63959** | 63959 | **90300** | 95276 |
| Non-current | **263031** | &nbsp;&nbsp;&nbsp;&nbsp;248200 | **454193** | &nbsp;&nbsp;&nbsp;&nbsp;467127 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) FGTS – Government Severance Indemnity Fund for
Employees.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes retirement bonus, life insurance and liabilities
related to subsidiaries located abroad, if certain conditions are met upon termination, in accordance with the legislation of each country.

&nbsp;&nbsp;&nbsp;&nbsp;20. Provision for tax, civil and labor risks

The Company and its subsidiaries are involved in certain legal matters arising in the normal course of business, which include tax, social security, labor, civil, environmental, administrative and other processes.

Company's Management believes that, based on the elements existing at the base date of these interim financial information, the provision for tax, labor, civil, environmental, administrative and other risks, is sufficient to cover eventual losses with administrative and legal proceedings, as set forth below.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The roll forward of the provisions for tax, labor, civil, environmental, administrative and other risks, classified as with probable loss, and contingent liabilities is presented below:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Tax** | **Labor** | **Civil and other** | **Contingent liabilities (1)** | **Total** |
| **Beginning balance** | **1337104** | **428159** | **365136** | **50830** | **2181229** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions | &nbsp;&nbsp;&nbsp;&nbsp;146719 | 137733 | 14406 | &nbsp;&nbsp;&nbsp;&nbsp;- | 298858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reversals | &nbsp;&nbsp;&nbsp;&nbsp;(27578) | &nbsp;&nbsp;&nbsp;&nbsp;(45833) | (6348) | (3044) | &nbsp;&nbsp;&nbsp;&nbsp;(82803) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments | (156043) | (125750) | &nbsp;&nbsp;&nbsp;&nbsp;(14019) | &nbsp;&nbsp;&nbsp;&nbsp;- | (295812) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | 57783 | 41507 | &nbsp;&nbsp;&nbsp;&nbsp;5504 | &nbsp;&nbsp;&nbsp;&nbsp;- | 104794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange rate variation |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;- |  |
| **Ending balance** | **1357985** | **435816** | **364679** | **47786** | **2206266** |
| Current |  |  |  |  | 720763 |
| Non-current |  |  |  |  | 1485503 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Contingent liabilities recognized at fair value as of the acquisition date,
arising from the business combination with Sadia.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Tax** | **Labor** | **Civil and other** | **Contingent liabilities (1)** | **Total** |
| **Beginning balance** | **1339666** | **436422** | **371305** | **84721** | **2232114** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions | 157732 | &nbsp;&nbsp;&nbsp;&nbsp;140004 | 15785 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;313521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reversals | (28542) | (46100) | &nbsp;&nbsp;&nbsp;&nbsp;(11753) | &nbsp;&nbsp;&nbsp;&nbsp;(3044) | &nbsp;&nbsp;&nbsp;&nbsp;(89439) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments | (156035) | (125750) | &nbsp;&nbsp;&nbsp;&nbsp;(14019) | &nbsp;&nbsp;&nbsp;&nbsp;- | (295804) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | 58047 | 42577 | 15064 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;115688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange rate variation | (33) | (1162) | &nbsp;&nbsp;&nbsp;&nbsp;(41) | &nbsp;&nbsp;&nbsp;&nbsp;- | (1236) |
| **Ending balance** | **1370835** | **445991** | **376341** | **81677** | **2274844** |
| Current |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;731079 |
| Non-current |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1543765 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Contingent liabilities recognized at fair value as of the acquisition date,
arising from the business combination with Sadia, Hercosul and Mogiana.

The Company has contingencies for which losses are possible, according to the assessment prepared by Management with support from legal advisors. On June 30, 2025, the total amount of possible contingencies was R$22,913,654 (R$22,388,927 on December 31, 2024) and have the same characteristics as those disclosed in the financial statements for the year ended December 31, 2024. Of these, R$20,390,605 (R$19,881,466 as of December 31, 2024) are of a tax nature, R$273,601 (R$331,877 as of December 31, 2024) of a labor nature, and R$2,249,448 (R$2,175,584 as of December 31, 2024) of a civil and other nature, and, of which solely the ones arising from the business combination with Sadia, Hercosul, and Mogiana are provisioned, measured by the estimated fair value at the business combination date: R$81,678 (R$84,721 as of December 31, 2024).

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;21. Equity

21.1 Capital stock

On June 30, 2025, the subscribed and paid capital of the Company was R$13,653,418, composed of 1,682,473,246 common book-entry shares with no par value. The realized value of the capital stock in the balance sheet is net of the public offering expenses of R$304,262, which covers the period from 2009 to 2024.

21.1.1 Roll forward of outstanding shares

The outstanding shares are calculated by the number of common shares reduced by the number of treasury shares.

---

| | | |
|:---|:---|:---|
|  | **Parent Company and Consolidated** | **Parent Company and Consolidated** |
|  | **06.30.25** | **12.31.24** |
| Common shares | **1682473246** | 1682473246 |
| Treasury shares | **(80772898)** | (61629171) |
| **Outstanding shares** | **1601700348** | 1620844075 |

---

21.2 Capital reserves and other equity transactions

---

| | | |
|:---|:---|:---|
|  | **Parent Company and Consolidated** | **Parent Company and Consolidated** |
|  | **06.30.25** | **12.31.24** |
| **Capital reserves** | **2763364** | &nbsp;&nbsp;&nbsp;&nbsp;2763364 |
| **Other equity transactions** | **(163847)** | (141608) |
| &nbsp;&nbsp;&nbsp;&nbsp;Share-based payments | **109633** | &nbsp;&nbsp;&nbsp;&nbsp;131872 |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition of non-controlling interest | **(273260)** | (273260) |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital transactions with controlled entities | **(220)** | (220) |

---

21.3 Treasury shares

The rollforward in treasury shares in the period ended June 30, 2025, is presented below:

---

| | | |
|:---|:---|:---|
|  | **Parent Company and Consolidated** | **Parent Company and Consolidated** |
|  | **Quantity of outstanding of shares** | **Quantity of outstanding of shares** |
|  | **06.30.25** | **12.31.24** |
| **Shares at the beggining of the period** | **61629171** | &nbsp;&nbsp;&nbsp;&nbsp;3817179 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase of shares | **21044000** | 59835200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Delivery of restricted shares | **(1900273)** | (2023208) |
| **Shares at the end of the period (1)** | **80772898** | 61629171 |

---

(1) Treasury shares are registered at an average cost, in units of Reais, of R$21,32 per share.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;21.3.1 Repurchase of shares

On February 26, 2025, the Company's Board of Directors approved, within the scope of the share repurchase program of its own issuance, an additional up to 15 million common shares to the amount of 6,544,000 already repurchased by the Company up to this date.

In the three-month period ended June 30, 2025, the Company did not repurchase any shares, maintaining the number of shares acquired unchanged:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** |
|  | **2024** | **2025** | **2025** | **2025** |
|  | **Total** | **Jan - mar** | **Apr - jun** | **Total** |
| **Program II** |  |  |  |  |
| **Number of shares acquired** | **45835200** | **21044000** | **-** | **66879200** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Average unit price (in units of reais)** | **23.83** | **19.80** | **-** | **22.56** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total value** | **1092105** | **416741** | **-** | **1508846** |

---

(1) On June 30, 2025, the Company had an outstanding balance of 500,000 shares that had not been repurchased under its share buyback program.

&nbsp;&nbsp;&nbsp;&nbsp;22. Earnings (loss) per share

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** |
|  | **2025** | **2025** | | |
|  | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| **Basic numerator** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) for the period attributable to controlling shareholders | &nbsp;&nbsp;&nbsp;&nbsp;**740621** | &nbsp;&nbsp;&nbsp;&nbsp;**1865056** | &nbsp;&nbsp;&nbsp;&nbsp;987752 | &nbsp;&nbsp;&nbsp;&nbsp;1492745 |
| **Basic denominator** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common shares | &nbsp;&nbsp;&nbsp;&nbsp; **1682473246** | &nbsp;&nbsp;&nbsp;&nbsp; **1682473246** | &nbsp;&nbsp;&nbsp;&nbsp; 1682473246 | &nbsp;&nbsp;&nbsp;&nbsp; 1682473246 |
| &nbsp;&nbsp;&nbsp;&nbsp;Weighted average number of outstanding shares - basic | &nbsp;&nbsp;&nbsp;&nbsp; **1610923390** | &nbsp;&nbsp;&nbsp;&nbsp; **1610923390** | &nbsp;&nbsp;&nbsp;&nbsp; 1665884834 | &nbsp;&nbsp;&nbsp;&nbsp; 1665884834 |
| **Net income (loss) per share basic - R$** | **0.45975** | **1.15776** | 0.59293 | 0.89607 |
| **Diluted numerator** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) for the period attributable to controlling shareholders | &nbsp;&nbsp;&nbsp;&nbsp;**740621** | &nbsp;&nbsp;&nbsp;&nbsp;**1865056** | &nbsp;&nbsp;&nbsp;&nbsp;987752 | &nbsp;&nbsp;&nbsp;&nbsp;1492745 |
| **Diluted denominator** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Weighted average number of outstanding shares - basic | &nbsp;&nbsp;&nbsp;&nbsp; **1610923390** | &nbsp;&nbsp;&nbsp;&nbsp; **1610923390** | &nbsp;&nbsp;&nbsp;&nbsp; 1665884834 | &nbsp;&nbsp;&nbsp;&nbsp; 1665884834 |
| &nbsp;&nbsp;&nbsp;&nbsp;Number of potential shares | &nbsp;&nbsp;&nbsp;&nbsp;**2605426** | &nbsp;&nbsp;&nbsp;&nbsp;**2605426** | &nbsp;&nbsp;&nbsp;&nbsp;1603019 | &nbsp;&nbsp;&nbsp;&nbsp;1603019 |
| &nbsp;&nbsp;&nbsp;&nbsp;Weighted average number of outstanding shares - diluted | &nbsp;&nbsp;&nbsp;&nbsp; **1613528816** | &nbsp;&nbsp;&nbsp;&nbsp; **1613528816** | &nbsp;&nbsp;&nbsp;&nbsp; 1667487853 | &nbsp;&nbsp;&nbsp;&nbsp; 1667487853 |
| **Net income (loss) per share diluted - R$** | **0.45901** | **1.15589** | 0.59236 | 0.89521 |

---

&nbsp;&nbsp;&nbsp;&nbsp;23. Financial instruments and risk management

23.1 Overview

In the ordinary course of business, the Company is exposed to credit, liquidity and market risks, which are actively managed in compliance with the Financial Risk Management Policy ("Risk Policy") and internal guidelines and strategic documents subject to such policy. The Risk Policy was approved by the Board of Directors on December 17, 2024, valid for one year and is available on the Company's website.

The Company's risk management strategy, guided by the Risk Policy, has as main objectives:

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

» To protect the Company's operating and financial results, as well as its equity from adverse changes in the market prices, particularly commodities, foreign exchange and interests;

» To protect the Company against counterparty risks in existing financial operations as well as to establish guidelines for sustaining the necessary liquidity to fulfil its financial commitments;

» To protect the cash of Company against price volatility, adverse conditions in the markets in which the Company acts and adverse conditions in its production chain.

The Risk Policy defines the governance of the bodies responsible for the execution, tracking and approval of the risk management strategies, as well as the limits and instruments that can be used.

Additionally, the Management of the Company approved the following policies on November 10, 2021, which are available at the Company's website:

» Financial Policy, which aims to: (i) establish guidelines for the management of the Company's financial debt and capital structure; and (ii) guide the Company's decision-making in connection with cash management (financial investments).

---

| | |
|:---|:---|
| » | Profit Allocation Policy, which aims to establish the practices adopted by the Company regarding the allocation of its profits, providing, among others, the periodicity of payment of dividends and the baseline used to establish the respective amount. |

---

i) Indebtedness

The ideal capital structure definition at BRF is essentially associated with: (i) strong cash position as a tolerance factor for liquidity shocks, which includes minimum cash analysis; (ii) net indebtedness; and (iii) minimization of the capital opportunity cost.

On June 30, 2025, the non-current consolidated gross debt, as presented below, represented 91.22% (92.63% as of December 31, 2024) of the total gross debt, which has an average term of 8.2 years.

The Company monitors the gross debt and net debt as set forth below:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **12.31.24** |
|  | **Current** | **Non-current** | **Total** | **Total** |
| Foreign currency loans and borrowings | **(1644570)** | **(9363881)** | **(11008451)** | **(12400412)** |
| Local currency loans and borrowings | **(397948)** | **(9339121)** | **(9737069)** | **(8340136)** |
| Derivative financial instruments, net | **270278** | **290485** | **560763** | **(304579)** |
| **Gross debt** | **(1772240)** | **(18412517)** | **(20184757)** | **(21045127)** |
| Cash and cash equivalents | **14146203** | **-** | **14146203** | **11165364** |
| Marketable securities | **947783** | **275495** | **1223278** | **1217891** |
| Restricted cash | **15051** | **64828** | **79879** | **336815** |
|  | **15109037** | **340323** | **15449360** | **12720070** |
| **Net debt** | **13336797** | **(18072194)** | **(4735397)** | **(8325057)** |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

**ii) Derivative financial instruments**

Summarized financial position of derivative financial instruments, that aim to protect the risks described below:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** |
|  | **NOTE** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| **Assets** |  |  |  |  |  |
| **Designated as hedge accounting** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange risk on operating income |  | **348768** | &nbsp;&nbsp;&nbsp;&nbsp;35484 | **348768** | &nbsp;&nbsp;&nbsp;&nbsp;35484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commodities price risk | 23.2.2 | **15839** | &nbsp;&nbsp;&nbsp;&nbsp;20727 | **15839** | &nbsp;&nbsp;&nbsp;&nbsp;20727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest rate risk | 23.2.3 | **448305** | 251795 | **448305** | 251795 |
| **Not designated as hedge accounting** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange risk on statement of financial position | 23.2.1 i) | **326** | 6597 | **326** | 6597 |
|  |  | **813238** | 314603 | **813238** | 314603 |
| Current assets |  | **390863** | &nbsp;&nbsp;&nbsp;&nbsp;63033 | **390863** | &nbsp;&nbsp;&nbsp;&nbsp;63033 |
| Non-current assets |  | **422375** | 251570 | **422375** | 251570 |
| **Liabilities** |  |  |  |  |  |
| **Designated as hedge accounting** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange risk on operating income | 23.2.1 ii) | **(4446)** | &nbsp;&nbsp;&nbsp;&nbsp;(360557) | **(4446)** | &nbsp;&nbsp;&nbsp;&nbsp;(360557) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commodities price risk | 23.2.2 | **(15185)** | (22102) | **(15185)** | (22102) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest rate risk | 23.2.3 | **(134391)** | &nbsp;&nbsp;&nbsp;&nbsp;(236523) | **(134391)** | &nbsp;&nbsp;&nbsp;&nbsp;(236523) |
| **Not designated as hedge accounting** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange risk on statement of financial position | 23.2.1 i) | **(98453)** | &nbsp;&nbsp;&nbsp;&nbsp;- | **(98453)** | &nbsp;&nbsp;&nbsp;&nbsp;- |
|  |  | **(252475)** | &nbsp;&nbsp;&nbsp;&nbsp;(619182) | **(252475)** | &nbsp;&nbsp;&nbsp;&nbsp;(619182) |
| Current liabilities |  | **(120585)** | &nbsp;&nbsp;&nbsp;&nbsp;(382976) | **(120585)** | &nbsp;&nbsp;&nbsp;&nbsp;(382976) |
| Non-current liabilities |  | **(131890)** | &nbsp;&nbsp;&nbsp;&nbsp;(236206) | **(131890)** | &nbsp;&nbsp;&nbsp;&nbsp;(236206) |
| Position of derivative financial instruments - net |  | **560763** | &nbsp;&nbsp;&nbsp;&nbsp;(304579) | **560763** | &nbsp;&nbsp;&nbsp;&nbsp;(304579) |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

**iii) Financial commitments**

The table below summarizes the significant commitments and contractual obligations that may impact the Company's liquidity:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Book <br> value** | **Contractual cash flow** | **Up to <br> 12 months** | **2026** | **2027** | **2028** | **2029** | **2030 onwards** |
| **Non derivative financial liabilities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and borrowings | &nbsp;&nbsp;&nbsp;&nbsp;18072199 | &nbsp;&nbsp;&nbsp;&nbsp;29211640 | &nbsp;&nbsp;&nbsp;&nbsp;1841239 | 982010 | 3505549 | 1964722 | 1687149 | 19230971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal |  | &nbsp;&nbsp;&nbsp;&nbsp;18333992 | &nbsp;&nbsp;&nbsp;&nbsp;633383 | 385832 | 2380702 | 1026469 | 818315 | 13089291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest |  | &nbsp;&nbsp;&nbsp;&nbsp;10877648 | &nbsp;&nbsp;&nbsp;&nbsp;1207856 | 596178 | 1124847 | 938253 | 868834 | 6141680 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | &nbsp;&nbsp;&nbsp;&nbsp;13296359 | &nbsp;&nbsp;&nbsp;&nbsp;13535002 | 13535002 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease liabilities | 3801481 | 4890693 | &nbsp;&nbsp;&nbsp;&nbsp;882060 | 431407 | 740729 | 629563 | 540966 | 1665968 |
| **Derivative financial liabilities** |  |  |  |  |  |  |  |  |
| **Financial instruments designated hedge accounting for protection of:** | **Financial instruments designated hedge accounting for protection of:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest rate risk | 134391 | &nbsp;&nbsp;&nbsp;&nbsp;- |  | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange risk | 4446 | 4446 | 4446 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commodities price risk | &nbsp;&nbsp;&nbsp;&nbsp;15185 | &nbsp;&nbsp;&nbsp;&nbsp;15185 | 15185 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| **Financial instruments not designated as hedge accounting for protection of:** | **Financial instruments not designated as hedge accounting for protection of:** | **Financial instruments not designated as hedge accounting for protection of:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange risk | &nbsp;&nbsp;&nbsp;&nbsp; 98453 | &nbsp;&nbsp;&nbsp;&nbsp; 98453 | &nbsp;&nbsp;&nbsp;&nbsp; 98453 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - |
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Book <br> value** | **Contractual cash flow** | **Up to <br> 12 months** | **2026** | **2027** | **2028** | **2029** | **2030 onwards** |
| **Non derivative financial liabilities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and borrowings | &nbsp;&nbsp;&nbsp;&nbsp;20745520 | &nbsp;&nbsp;&nbsp;&nbsp;32065082 | &nbsp;&nbsp;&nbsp;&nbsp;3132721 | 2540379 | 3509140 | 1964722 | 1687149 | 19230971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal |  | &nbsp;&nbsp;&nbsp;&nbsp;21050543 | &nbsp;&nbsp;&nbsp;&nbsp;1822232 | 1910692 | 2383544 | 1026469 | 818315 | 13089291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest |  | &nbsp;&nbsp;&nbsp;&nbsp;11014539 | &nbsp;&nbsp;&nbsp;&nbsp;1310489 | 629687 | 1125596 | 938253 | 868834 | 6141680 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | &nbsp;&nbsp;&nbsp;&nbsp;14647808 | &nbsp;&nbsp;&nbsp;&nbsp;14900993 | 14900993 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease liabilities | 4116919 | 5278456 | &nbsp;&nbsp;&nbsp;&nbsp;1002953 | 470563 | 808505 | 670345 | 564470 | 1761620 |
| **Derivative financial liabilities** |  |  |  |  |  |  |  |  |
| **Financial instruments designated hedge accounting for protection of:** | **Financial instruments designated hedge accounting for protection of:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest rate risk | 134391 | &nbsp;&nbsp;&nbsp;&nbsp;- |  | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange risk | 4446 | 4446 | 4446 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commodities price risk | &nbsp;&nbsp;&nbsp;&nbsp;15185 | &nbsp;&nbsp;&nbsp;&nbsp;15185 | 15185 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  |
| **Financial instruments not designated as hedge accounting for protection of:** | **Financial instruments not designated as hedge accounting for protection of:** | **Financial instruments not designated as hedge accounting for protection of:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange risk | &nbsp;&nbsp;&nbsp;&nbsp; 98453 | &nbsp;&nbsp;&nbsp;&nbsp; 98453 | &nbsp;&nbsp;&nbsp;&nbsp; 98453 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - |

---

The Company does not expect that the cash outflows to fulfill the obligations shown above will be significantly anticipated by factors unrelated to its best interests, or have its value substantially modified outside the normal course of business.

23.2 Market risk management

&nbsp;&nbsp;&nbsp;&nbsp;23.2.1 Foreign exchange risk

The risk is the one that may cause unexpected losses to the Company resulting from volatility of the FX rates,

reducing its assets and revenues or increasing its liabilities and costs. The Company's exposure is managed

in three dimensions: statement of financial position exposure, operating income exposure and investments

exposure.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

i) Statement of financial position exposure

The Risk Policy regarding statement of financial position exposure has the objective to balance assets and liabilities denominated in foreign currencies, hedging the Company's statement of financial position by using natural hedges, over-the-counter derivatives and exchange traded futures.

Assets and liabilities denominated in foreign currency for which the exchange variations are recognized in the Financial Results are as follows, summarized in Brazilian Reais:

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **12.31.24** |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | **4243603** | &nbsp;&nbsp;&nbsp;&nbsp;4276065 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trade accounts receivable | **6122088** | &nbsp;&nbsp;&nbsp;&nbsp;6238093 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | **(2389206)** | (1377169) |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and borrowings | **(9376723)** | (9726343) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets and liabilities, net | **2659368** | &nbsp;&nbsp;&nbsp;&nbsp;1570012 |
| **Exposure of assets and liabilities in foreign currencies** | **1259130** | &nbsp;&nbsp;&nbsp;&nbsp;980658 |
| &nbsp;&nbsp;&nbsp;&nbsp;Derivative financial instruments (hedge) | **(385380)** | (773197) |
| **Exposure in result, net** | **873750** | &nbsp;&nbsp;&nbsp;&nbsp;207461 |

---

The net exposure in Reais is mainly composed of the following currencies:

---

| | | |
|:---|:---|:---|
|  | **Parent Company** | **Parent Company** |
| **Net Exposure (1)** | **06.30.25** | **12.31.24** |
| U.S. Dollars (USD) | **295396** | (2052569) |
| Euros (EUR) | **343490** | 1879079 |
| Yen (JPY) | **(829)** | &nbsp;&nbsp;&nbsp;&nbsp;(1501) |
| Angolan kwanza (AOA) | **(17432)** | 36366 |
| Turkish Liras (TRY) | **136824** | 267834 |
| Argentinian Peso (ARS) | **(2385)** | &nbsp;&nbsp;&nbsp;&nbsp;(2125) |
| Chilean Pesos (CLP) | **118686** | 80377 |
| **Total** | **873750** | 207461 |

---

(1) The Company is exposed to other currencies, although they have been grouped in the currencies above due to its high correlation

or for not being individually significant.

The Company holds more financial liabilities in foreign currencies than assets and, therefore, holds derivative financial instruments to reduce such exposure.

As a result of this protection strategy, the Company recognized under Financial Expenses in the Consolidated an income from foreign exchange derivatives of R$1,068 for the six-month period ending on June 30, 2025 (revenue of R$203,921 for the same period last year), and for the three-month period ending on June 30, 2025, an expense of R$49,779 (revenue of R$130,736 for the same period last year).

The exchange rate variation and price variation of monetary assets and liabilities in the Consolidated Financial Statements resulted in an expense of R$44,888 in the six-month period ended June 30, 2025 (income of R$48,165 in the same period of the previous year) and for the three-month period ended June 30, 2025, it was an expense of R$32,694 (income of R$127,376 in the same period of the previous year).

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The derivative financial instruments acquired to hedge the foreign currency statement of financial position exposure on June 30, 2025 and are set forth below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
| **Derivative instruments not designated** | **Asset** | **Liability** | **Maturity** | **Notional** | **Notional** | **Exercise rate** | **Fair value (R$)** |
| **Parent Company and Consolidated** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-deliverable forward | USD | CLP | 3th Qtr. 2025 | CLP | &nbsp;&nbsp;&nbsp;&nbsp;25000 | 956.3368 | &nbsp;&nbsp;&nbsp;&nbsp;(3562) |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-deliverable forward | USD | EUR | 3th Qtr. 2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;(175000) | &nbsp;&nbsp;&nbsp;&nbsp;1.0924 | (91897) |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-deliverable forward | BRL | EUR | 3th Qtr. 2025 | EUR | (60000) | &nbsp;&nbsp;&nbsp;&nbsp;6.4966 | &nbsp;&nbsp;&nbsp;&nbsp;(2994) |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures - B3 | BRL/USD | USD/BRL | 3th Qtr. 2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;5.5626 | 326 |
|  |  |  |  |  | **(210000)** |  | **(98127)** |

---

**ii) Operating income exposure**

The Risk Policy regarding operating income exposure aims to hedge revenues and costs denominated in foreign currencies. The Company relies on internal models to measure and monitor these risks, and utilizes financial instruments designated as cash flow hedges to mitigate them. The Company has more sales in foreign currency than expenditures and, therefore, holds derivative financial instruments to reduce such exposure.

As a result of this protection strategy, the Company recognized revenue of R$55,015 under Consolidated Net Revenue for the six-month period ended June 30, 2025 (compared to revenue of R$6,618 for the same period last year), and revenue of R$91,785 for the three-month period ended June 30, 2025 (compared to expenses of R$40,819 for the same period last year).

The derivative financial instruments designated as cash flow hedges for foreing exchange operating income exposure on June 30, 2025 are set forth below:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
| **Cash flow hedge - Derivative instruments** | **Hedged object** | **Asset** | **Liability** | **Maturity** | **Notional** | **Notional** | **Designation rate** | **Fair value (1)** |
| **Parent Company and Consolidated** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-deliverable forward | &nbsp;&nbsp;&nbsp;&nbsp;USD Exports | &nbsp;&nbsp;&nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;1st Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp; 49500 | &nbsp;&nbsp;&nbsp;&nbsp; 6.3488 | &nbsp;&nbsp;&nbsp;&nbsp; 27599 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-deliverable forward | &nbsp;&nbsp;&nbsp;&nbsp;USD Exports | &nbsp;&nbsp;&nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;2nd Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp; 42000 | &nbsp;&nbsp;&nbsp;&nbsp; 6.1559 | &nbsp;&nbsp;&nbsp;&nbsp; 11741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-deliverable forward | &nbsp;&nbsp;&nbsp;&nbsp;USD Exports | &nbsp;&nbsp;&nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;3rd Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;126000 | &nbsp;&nbsp;&nbsp;&nbsp; 6.1740 | &nbsp;&nbsp;&nbsp;&nbsp; 83359 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-deliverable forward | &nbsp;&nbsp;&nbsp;&nbsp;USD Exports | &nbsp;&nbsp;&nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;4th Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;137000 | &nbsp;&nbsp;&nbsp;&nbsp; 6.4555 | &nbsp;&nbsp;&nbsp;&nbsp;108530 |
| &nbsp;&nbsp;&nbsp;&nbsp;Collar | &nbsp;&nbsp;&nbsp;&nbsp;USD Exports | &nbsp;&nbsp;&nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;1st Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp; 48000 | &nbsp;&nbsp;&nbsp;&nbsp; 6.4964 | &nbsp;&nbsp;&nbsp;&nbsp; 10650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Collar | &nbsp;&nbsp;&nbsp;&nbsp;USD Exports | &nbsp;&nbsp;&nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;3rd Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;391500 | &nbsp;&nbsp;&nbsp;&nbsp; 5.9633 | &nbsp;&nbsp;&nbsp;&nbsp; 88396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Collar | &nbsp;&nbsp;&nbsp;&nbsp;USD Exports | &nbsp;&nbsp;&nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;4th Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp; 72000 | &nbsp;&nbsp;&nbsp;&nbsp; 6.0820 | &nbsp;&nbsp;&nbsp;&nbsp; 14047 |
|  |  |  |  |  |  | **866000** |  | **344322** |

---

(1) Correspond to the not realized portion of the hedge which is registered in Other comprehensive income.

**iii) Investments exposure**

The Company holds both investments (net assets) and loans (financial liabilities) denominated in foreign currency. To balance the accounting effects of such exposures, some non-derivative financial liabilities are designated as hedging instruments for the investments exposure.

As a result of this strategy, the Company recognized revenue of R$142,507, net of income tax, under Other comprehensive income for the six-month period ended June 30, 2025 (expense of R$180,118 in the same period of the previous year) and for the three-month period ended June 30, 2025, revenue of R$39,436 (expense of R$141,238 in the same period of the previous year).

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The non-derivative financial instruments designated as net investment hedge instruments on June 30, 2025 are set forth below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
| **Net investment hedge - <br> Non-derivative instruments** | **Object (Investment)** | **Liability** | **Maturity** | **Notional** | **Notional** | **Rate** | **Exchange variation (1)** |
| **Parent company and consolidated** |  |  |  |  |  |  |  |
| Bond - BRF SA BRFSBZ 4.35 | Federal Foods LLC | USD | 3º Tri. 2050 | USD (2) | &nbsp;&nbsp;&nbsp;&nbsp;44158 | 3.7649 | (109602) |
| Bond - BRF SA BRFSBZ 4.35 | BRF Kuwait Food Management Company WLL | USD | 3º Tri. 2050 | USD (2) | &nbsp;&nbsp;&nbsp;&nbsp;88552 | 3.7649 | (150729) |
| Bond - BRF SA BRFSBZ 4.35 | Al Khan Foodstuff LLC | USD | 3º Tri. 2050 | USD (2) | &nbsp;&nbsp;&nbsp;&nbsp;53446 | 3.7649 | (103098) |
| Bond - BRF SA BRFSBZ 4.35 | Al-Wafi Al-Takamol International for Foods Products | USD | 3º Tri. 2050 | USD (3) | &nbsp;&nbsp;&nbsp;&nbsp;23426 | 5.1629 | &nbsp;&nbsp;&nbsp;&nbsp;(5786) |
|  |  |  |  |  | **209582** |  | **(369215)** |

---

(1) Corresponds to the effective portion of the hedge result accumulated in Other Comprehensive Income.

(2) Designated on August 1st, 2019.

(3) Designated on November 9, 2022.

\*On February 1, 2025, BRF Foods GmbH was merged into BRF GmbH and the hedge relationship was discontinued.

&nbsp;&nbsp;&nbsp;&nbsp;23.2.2 Commodities price risk

The Company uses commodities as production inputs and is exposed to commodities price risk arising from future purchases. The management of such risk is performed through physical inventories, future purchases at fixed price and through derivative financial instruments.

The Risk Policy establishes coverage limits to the flow of purchases of corn, meal and soy, soybeans and soybean oil with the purpose of reducing the impact due to a price increase of these raw materials. The hedge may be reached using derivatives or by inventory management.

As a result of this protection strategy, the Company recognized under Consolidated Cost of Goods Sold an expense of R$12,567 for the six-month period ended June 30, 2025 (expense of R$133,128 for the same period in the prior year), and for the three-month period ended June 30, 2025, a revenue of R$608 (expense of R$12,385 for the same period in the prior year).

The Company performs purchases at variable prices in future and spot markets and, to hedge such exposure, it holds derivative financial instruments in long position (buy) to fix these prices in advance.

The financial instruments designated as cash flow hedges for the variable commodities price exposure on June 30, 2025, are set forth below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
| **Cash flow hedge - Derivative instruments** | **Hedged object** | **Index** | **Maturity** | **Quantity** | **Quantity** | **Exercise price (1)** | **Fair value** |
| **Parent Company and Consolidated** |  |  |  |  |  |  |  |
| Collar - buy | Soybean meal purchase - Floating price | Soybean meal - CBOT | 3rd Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;38989 | ton | 347.84 | (4048) |
| Collar - buy | Soybean meal purchase - Floating price | Soybean meal - CBOT | 4rd Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;14000 | ton | 357.70 | (1434) |
| Non-deliverable forward - buy | Soybean meal purchase - Floating price | Soybean meal - CBOT | 1st Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;13989 | ton | 336.48 | (553) |
| Non-deliverable forward - buy | Soybean meal purchase - Floating price | Soybean meal - CBOT | 3rd Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;15976 | ton | 327.79 | (1551) |
| Non-deliverable forward - buy | Soybean meal purchase - Floating price | Soybean meal - CBOT | 4rd Qtr. 2025 | 8990 | ton | 892.26 | (642) |
| Collar - buy | Corn purchase - Floating price | Corn - CBOT | 3rd Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;14999 | ton | 175.07 | (309) |
| Collar - buy | Corn purchase - Floating price | Corn - CBOT | 4rd Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;14999 | ton | 181.45 | (309) |
| Collar - buy | Corn purchase - Floating price | Corn - B3 | 3rd Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;96714 | ton | 1230.65 | (3379) |
| Collar - buy | Corn purchase - Floating price | Corn - B3 | 4rd Qtr. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;81513 | ton | 1180.62 | (946) |
| Collar - buy | Corn purchase - Floating price | Corn - B3 | 1st Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;14445 | ton | 1213.90 | &nbsp;&nbsp;&nbsp;&nbsp;(38) |
|  |  |  |  | **314614** |  |  | **(13209)** |

---

(1) Base price of each commodity in USD/ton, except for Corn – B3 denominated in R$/ton.

In certain cases, the Company performs futures purchases at fixed prices and, to hedge such exposure, it

holds derivative financial instruments in short position (sell) to keep these prices at market value.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The financial instruments designated as fair value hedges for the fixed commodities price exposure on June 30, 2025, are set forth below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
| **Fair value hedge - Derivative instruments** | **Hedged object** | **Index** | **Maturity** | **Quantity** | **Quantity** | **Exercise price (1)** | **Fair value** |
| **Parent Company and Consolidated** |  |  |  |  |  |  |  |
| Non-deliverable forward - sell | Soybean purchase - fixed price | Soybean - CBOT | 1st Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;27460 | ton | 384.78 | (405) |
| Non-deliverable forward - sell | Corn purchase - fixed price | Corn - CBOT | 1st Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;91835 | ton | 182.41 | &nbsp;&nbsp;&nbsp;&nbsp;4293 |
| Non-deliverable forward - sell | Corn purchase - fixed price | Corn - CBOT | 2nd Qtr. 2026 | 6782 | ton | 188.99 | &nbsp;&nbsp;&nbsp;&nbsp;327 |
| Non-deliverable forward - sell | Corn purchase - fixed price | Corn - CBOT | 3rd Qtr. 2026 | 9564 | ton | 181.79 | &nbsp;&nbsp;&nbsp;&nbsp;217 |
| Corn future - sell | Corn purchase - fixed price | Corn - B3 | 3rd Qtr. 2025 | 144774 | ton | 1106.08 | &nbsp;&nbsp;&nbsp;&nbsp;748 |
| Corn future - sell | Corn purchase - fixed price | Corn - B3 | 1st Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;16794 | ton | 1292.59 | 27 |
| Corn future - sell | Corn purchase - fixed price | Corn - B3 | 3rd Qtr. 2026 | 3105 | ton | 1203.33 | &nbsp;&nbsp;&nbsp;&nbsp;7 |
|  |  |  |  | **300314** |  |  | **5214** |

---

(1) price of each commodity in USD/ton, except for Corn – B3 denominated in R$/ton.

The Company assessed that part of its cost, future physical purchases of commodities in dollars, also generates foreign exchange exposure and therefore contracted the following derivatives and designated them as fair value hedges:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
| **Fair value hedge - Derivative instruments** | **Hedged object** | **Assets** | **Liabilities** | **Maturity** | **Notional** | **Notional** | **Exercise price** | **Fair value** |
| **Parent Company and consolidated** |  |  |  |  |  |  |  |  |
| Non-deliverable forward - buy | Cost in USD | BRL | USD | 1st Qtr. 2026 | USD | 27316 | 6.0798 | 8428 |
| Non-deliverable forward - buy | Cost in USD | BRL | USD | 3rd Qtr. 2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp;925 | 6.1999 | 160 |
| Non-deliverable forward - buy | Cost in USD | BRL | USD | 2nd Qtr. 2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp;185 | 6.1991 | &nbsp;&nbsp;&nbsp;&nbsp;61 |
|  |  |  |  |  |  | **28426** |  | **8649** |

---

The outstanding and settled derivative instruments of commodity risk hedging strategies represent effects on the balance sheet of: i) the Inventories item in the Consolidated in the credit amount of R$45,061 on June 30, 2025 (R$28,811 debit on December 31, 2024); ii) the Other Comprehensive Income item in the debit amount of R$1,554 on June 30, 2025 (R$29,447 credit on December 31, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;23.2.3 Interest rate risk

The interest rate risk may cause economic losses to the Company resulting from volatility in interest rates that affect its assets and liabilities.

The Company's Risk Policy does not restrict exposure to different interest rates, nor does it establishes limits for fixed or floating rates. However, the Company continually monitors the market interest rates to evaluate any need to enter into hedging transactions to protect them from the volatility of such rates and manage the mismatch between its financial assets and liabilities.

As a result of this protection strategy, the Company recognized under Financial Income and Expenses an income of R$232,198 for the six-month period ended June 30, 2025 (expense of R$197,723 in the same period of the previous year), and for the three-month period ended June 30, 2025, an income of R$112,431 (expense of R$92,348 in the same period of the previous year).

The derivative financial instruments used to hedge the exposure to interest rates as of June 30, 2025 are presented in the table below:

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  |  |  |  |  |  |  | **Fair value (R$)** | **Fair value (R$)** |
| **Fair value hedge - Derivative instruments** | **Hedged Object** | **Asset** | **Liability** | **Maturity** | ***Notional*** |  | **Instrument** | **Object (1)** |
| **Parent company and Consolidated** | **Parent company and Consolidated** |  |  |  |  |  |  |  |
| Interest rate swap | Debenture - 1st issue - 3rd series - IPCA + 5,50% p.a. | IPCA + 5,50% p.a. | CDI + 0,57% p.a. | 2nd Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | BRL | &nbsp;&nbsp;&nbsp;&nbsp;14721 | 5491 |
| Interest rate swap | Debenture - 1st issue - 3rd series - IPCA + 5,50% p.a. | IPCA + 5,50% p.a. | 100% of CDI | 2nd Qtr. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | BRL | &nbsp;&nbsp;&nbsp;&nbsp;11564 | 4673 |
| Interest rate swap | Debenture - 2nd issue - 3rd series - IPCA + 5,30% p.a. | IPCA + 5,30% p.a. | CDI + 2,20% p.a. | 3rd Qtr. 2027 | &nbsp;&nbsp;&nbsp;&nbsp;400000 | BRL | &nbsp;&nbsp;&nbsp;&nbsp;79897 | 135184 |
| Interest rate swap | Debenture - 2nd issue - 2rd series - IPCA + 5,60% p.a. | IPCA + 5,60% p.a. | CDI + 2,29% p.a. | 3rd Qtr. 2030 | &nbsp;&nbsp;&nbsp;&nbsp;595000 | BRL | &nbsp;&nbsp;&nbsp;&nbsp;82051 | 36077 |
| Interest rate swap | Debenture - 3rd issue - single series - IPCA + 4,78% p.a. | IPCA + 4,78% p.a. | CDI + 0,12% p.a. | 2nd Qtr. 2031 | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | BRL | 122533 | 92841 |
| Interest rate swap | Debenture - 1st issue - 1ª series - IPCA + 6,83% a.a. | IPCA + 6,83% p.a. | 109,32% of CDI | 3rd Qtr. 2032 | &nbsp;&nbsp;&nbsp;&nbsp;990000 | BRL | &nbsp;&nbsp;&nbsp;&nbsp;76455 | 17409 |
| Interest rate swap | Debenture - 5th issue IPCA + 7,23% | IPCA + 7,23% p.a. | CDI + 0,98% p.a. | 2nd Qtr. 2034 | &nbsp;&nbsp;&nbsp;&nbsp;1635000 | BRL | (86628) | 78039 |
| Interest rate swap | Debenture - 5th issue fixed rate + 12,92% | FIXED RATE 12,92% p.a. | CDI + 0,89% p.a. | 2nd Qtr. 2031 | &nbsp;&nbsp;&nbsp;&nbsp;925000 | BRL | (47763) | 15028 |
| Interest rate swap | Debenture - 6th issue - 2rd series - IPCA + 8,04% p.a. | IPCA + 8,04% p.a. | CDI + 0,3% p.a. | 2nd Qtr. 2035 | &nbsp;&nbsp;&nbsp;&nbsp;448179 | BRL | &nbsp;&nbsp;&nbsp;&nbsp;15657 | (15446) |
| Interest rate swap | Debenture - 6th issue - 3rd series - IPCA + 8,23% p.a. | IPCA + 8,23% p.a. | CDI + 0,59% p.a. | 2nd Qtr. 2040 | &nbsp;&nbsp;&nbsp;&nbsp;417440 | BRL | &nbsp;&nbsp;&nbsp;&nbsp;21161 | (20720) |
| Interest rate swap | Debenture - 6th issue - 4rd series - IPCA + 8,38% p.a. | FIXED RATE 8,38% p.a. | CDI + 0,825% p.a. | 2nd Qtr. 2045 | &nbsp;&nbsp;&nbsp;&nbsp;355203 | BRL | &nbsp;&nbsp;&nbsp;&nbsp;24266 | (21408) |
|  |  |  |  |  | **7165822** |  | **313914** | **327168** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Corresponds to the accumulated amount of fair value hedge adjustments on
the hedged items, included in the carrying amount of the debentures.

23.3 Credit risk management

The Company is exposed to the credit risk related to the financial assets held: trade and non-trade accounts receivable, marketable securities, derivative instruments and cash and equivalents. The Company's credit risk exposure can be assessed in notes 4, 5 and 6.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.3.1 Credit risk in accounts receivable

The credit risk associated with trade accounts receivable is actively managed through specific systems and is supported by internal policies for credit analysis. The significant level of diversification and geographical dispersion of the customer portfolio significantly reduces the risk. However, the Company chooses to complement the risk management by contracting insurance policies for specific markets. The impairment of these financial assets is carried out based on expected credit losses.

&nbsp;&nbsp;&nbsp;&nbsp;23.3.2 Counterparty credit risk

The credit risk associated with marketable securities, cash and cash equivalents and derivative instruments in general is directed to counterparties with Investment Grade ratings. The maintenance of assets with counterparty risk is constantly assessed according to credit ratings and the Company's portfolio concentration, aligned with the applicable impairment requisites.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

23.4 Capital management and liquidity risk

The Company is exposed to liquidity risk as far as it needs cash or other financial assets to settle its obligations in the respective terms. The Company's cash and liquidity strategy takes into consideration historical volatility scenarios of results as well as simulations of sectorial and systemic crisis. It is grounded on allowing resilience in scenarios of capital restriction.

23.5 Sensitivity analysis

Management believes that the most relevant risks that may affect the Company's results, for which it uses derivative financial instruments to protect, are the volatility of commodities prices, foreign exchange rates and interest rates.

For the probable scenario of commodities, Management uses as a reference the future value of assets on June 30, 2025 and therefore understands that there will be no changes in the results of operations. As for the exchange rate, Management uses the Focus report for the American Dollar as a reference inserting the quotes for the current and subsequent years. The likely scenario for other currencies is determined based on the US Dollar parity.

In the possible and remote scenarios, both positive and negative variations of 15% and 30% respectively were considered in both cases from the probable scenario. Such sensitivity scenarios originate from information and assumptions used by Management in monitoring the previously mentioned risks.

The information used in the preparation of the analysis is based on the position as of June 30, 2025, which has been described in the items above. The estimated values may differ significantly to numbers and results that will be effectively registered by the Company. Positive values indicate gains and negative values indicate losses.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Scenario** | **Scenario** | **Scenario** | **Scenario** | **Scenario** |
|  | **Remote** | **Possible** | **Probable** | **Possible** | **Remote** |
| **Exchange rate - Balance** | **- 30%** | **- 15%** |  | **+ 15%** | **+ 30%** |
| **USD** | **4.0215** | **4.8833** | **5.7450** | **6.6068** | **7.4685** |
| &nbsp;&nbsp;&nbsp;Monetary assets and liabilities | &nbsp;&nbsp;&nbsp;&nbsp;253878 | &nbsp;&nbsp;&nbsp;&nbsp;101482 | (50913) | (203309) | &nbsp;&nbsp;&nbsp;&nbsp;(355704) |
| &nbsp;&nbsp;&nbsp;Derivative instruments - not designated | (331587) | (132545) | &nbsp;&nbsp;&nbsp;&nbsp;66498 | &nbsp;&nbsp;&nbsp;&nbsp;265540 | 464583 |
| **Net effect** | **(77709)** | **(31063)** | **15585** | **62231** | **108879** |
| **EUR** | **4.7333** | **5.7476** | **6.7619** | **7.7761** | **8.7904** |
| &nbsp;&nbsp;&nbsp;Monetary assets and liabilities | (487441) | (194844) | &nbsp;&nbsp;&nbsp;&nbsp;97753 | &nbsp;&nbsp;&nbsp;&nbsp;390350 | 682947 |
| &nbsp;&nbsp;&nbsp;Derivative instruments - not designated | &nbsp;&nbsp;&nbsp;&nbsp;397079 | &nbsp;&nbsp;&nbsp;&nbsp;158724 | (79632) | (317987) | &nbsp;&nbsp;&nbsp;&nbsp;(556343) |
| **Net effect** | **(90362)** | **(36120)** | **18121** | **72363** | **126604** |
| **JPY** | **0.0279** | **0.0339** | **0.0398** | **0.0458** | **0.0518** |
| &nbsp;&nbsp;&nbsp;Monetary assets and liabilities | &nbsp;&nbsp;&nbsp;&nbsp;218 | 87 | &nbsp;&nbsp;&nbsp;&nbsp;(44) | (175) | &nbsp;&nbsp;&nbsp;&nbsp;(305) |
| **Net effect** | **218** | **87** | **(44)** | **(175)** | **(305)** |
| **TRY** | **0.1010** | **0.1227** | **0.1443** | **0.1660** | **0.1876** |
| &nbsp;&nbsp;&nbsp;Ativos e passivos monetários | (35994) | (14388) | 7218 | 28825 | &nbsp;&nbsp;&nbsp;&nbsp;50431 |
| **Net effect** | **(35994)** | **(14388)** | **7218** | **28825** | **50431** |
| **AOA** | **0.0044** | **0.0054** | **0.0063** | **0.0073** | **0.0082** |
| &nbsp;&nbsp;&nbsp;Monetary assets and liabilities | &nbsp;&nbsp;&nbsp;&nbsp;4586 | &nbsp;&nbsp;&nbsp;&nbsp;1833 | (920) | (3672) | (6425) |
| **Net effect** | **4586** | **1833** | **(920)** | **(3672)** | **(6425)** |
| **ARS** | **0.0034** | **0.0041** | **0.0048** | **0.0055** | **0.0063** |
| &nbsp;&nbsp;&nbsp;Monetary assets and liabilities | &nbsp;&nbsp;&nbsp;&nbsp;628 | &nbsp;&nbsp;&nbsp;&nbsp;251 | (126) | (503) | &nbsp;&nbsp;&nbsp;&nbsp;(879) |
| **Net effect** | **628** | **251** | **(126)** | **(503)** | **(879)** |
| **CLP** | **0.0043** | **0.0052** | **0.0060** | **0.0071** | **0.0080** |
| &nbsp;&nbsp;&nbsp;Monetary assets and liabilities | (67101) | (26822) | &nbsp;&nbsp;&nbsp;&nbsp;13457 | 53736 | &nbsp;&nbsp;&nbsp;&nbsp;94015 |
| &nbsp;&nbsp;&nbsp;Derivative Instruments - Not designated | 35884 | 14344 | (7196) | (28736) | (50276) |
| **Net effect** | **(31217)** | **(12478)** | **6261** | **25000** | **43739** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Scenario** | **Scenario** | **Scenario** | **Scenario** | **Scenario** |
|  | **Remote** | **Possible** | **Probable** | **Possible** | **Remote** |
| **Exchange rate - Operating results** | **- 30%** | **- 15%** |  | **+ 15%** | **+ 30%** |
| **USD** | **4.0215** | **4.8833** | **5.7450** | **6.6068** | **7.4685** |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue in USD | (1243230) | &nbsp;&nbsp;&nbsp;&nbsp;(496954) | &nbsp;&nbsp;&nbsp;&nbsp;249321 | 995597 | 1741872 |
| &nbsp;&nbsp;&nbsp;&nbsp;NDF | &nbsp;&nbsp;&nbsp;&nbsp;508920 | 203430 | (102061) | (407551) | &nbsp;&nbsp;&nbsp;&nbsp;(713041) |
| &nbsp;&nbsp;&nbsp;&nbsp;Collar | &nbsp;&nbsp;&nbsp;&nbsp;146431 | &nbsp;&nbsp;&nbsp;&nbsp;58533 | (29366) | (116928) | &nbsp;&nbsp;&nbsp;&nbsp;(203964) |
| **Net effect** | **(587879)** | **(234991)** | **117894** | **471118** | **824867** |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Scenario** | **Scenario** | **Scenario** | **Scenario** | **Scenario** |
|  | **Remote** | **Possible** | **Probable** | **Possible** | **Remote** |
| **Operating Result – Foreign Exchange** | **- 30%** | **- 15%** |  | **+ 15%** | **+ 30%** |
| **USD** | **4.0215** | **4.8833** | **5.7450** | **6.6068** | **7.4685** |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of Sales | &nbsp;&nbsp;&nbsp;&nbsp;(40809) | &nbsp;&nbsp;&nbsp;&nbsp;(16313) | 8184 | 32681 | &nbsp;&nbsp;&nbsp;&nbsp;57177 |
| &nbsp;&nbsp;&nbsp;&nbsp;NDF | 40809 | 16313 | (8184) | &nbsp;&nbsp;&nbsp;&nbsp;(32681) | (57177) |
| **Net effect** | **-** | **-** | **-** | **-** | **-** |
|  | **Scenario** | **Scenario** | **Scenario** | **Scenario** | **Scenario** |
|  | **Remote** | **Possible** | **Probable** | **Possible** | **Remote** |
| **Operating Result – Commodities** | **- 30%** | **- 15%** |  | **+ 15%** | **+ 30%** |
| **Soy Grain - CBOT** | **271** | **329** | **388** | **446** | **504** |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of Sales | (3193) | (1596) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;1596 | 3193 |
| &nbsp;&nbsp;&nbsp;&nbsp;NDF | &nbsp;&nbsp;&nbsp;&nbsp;3193 | &nbsp;&nbsp;&nbsp;&nbsp;1596 | &nbsp;&nbsp;&nbsp;&nbsp;- | (1596) | &nbsp;&nbsp;&nbsp;&nbsp;(3193) |
| **Net effect** | **-** | **-** | **-** | **-** | **-** |
| **Soybean meal - CBOT** | **220** | **267** | **314** | **361** | **409** |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of sales | &nbsp;&nbsp;&nbsp;&nbsp;8678 | &nbsp;&nbsp;&nbsp;&nbsp;4339 | &nbsp;&nbsp;&nbsp;&nbsp;- | (4339) | &nbsp;&nbsp;&nbsp;&nbsp;(8678) |
| &nbsp;&nbsp;&nbsp;&nbsp;Collar | (3734) | (1867) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;1867 | 3734 |
| &nbsp;&nbsp;&nbsp;&nbsp;Call | (5002) | (2501) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;2501 | 5002 |
| **Net effect** | **(58)** | **(29)** | **-** | **29** | **58** |
| **Corn - CBOT** | **120** | **146** | **172** | **198** | **224** |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of sales | (4038) | (2019) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;2019 | 4038 |
| &nbsp;&nbsp;&nbsp;&nbsp;Collar | &nbsp;&nbsp;&nbsp;&nbsp;(54243) | &nbsp;&nbsp;&nbsp;&nbsp;(22441) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;2487 | &nbsp;&nbsp;&nbsp;&nbsp;17042 |
| &nbsp;&nbsp;&nbsp;&nbsp;NDF | &nbsp;&nbsp;&nbsp;&nbsp;5658 | &nbsp;&nbsp;&nbsp;&nbsp;2829 | &nbsp;&nbsp;&nbsp;&nbsp;- | (2829) | &nbsp;&nbsp;&nbsp;&nbsp;(5658) |
| **Net effect** | **(52623)** | **(21631)** | **-** | **1677** | **15422** |
| **Corn - B3** | **746** | **905** | **1065** | **1225** | **1385** |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of sales | &nbsp;&nbsp;&nbsp;&nbsp;8947 | &nbsp;&nbsp;&nbsp;&nbsp;4474 | &nbsp;&nbsp;&nbsp;&nbsp;- | (4474) | &nbsp;&nbsp;&nbsp;&nbsp;(8947) |
| &nbsp;&nbsp;&nbsp;&nbsp;Collar | &nbsp;&nbsp;&nbsp;&nbsp;(54243) | &nbsp;&nbsp;&nbsp;&nbsp;(22441) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;2487 | &nbsp;&nbsp;&nbsp;&nbsp;17042 |
| &nbsp;&nbsp;&nbsp;&nbsp;Future | 52068 | 26034 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(26034) | (52068) |
| **Net effect** | **6772** | **8067** | **-** | **(28021)** | **(43973)** |

---

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| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

23.6 Financial instruments by category

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Amortized cost** | **FVTOCI (3) - Equity instruments** | **Fair value through profit and loss** | **Total** |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and bank | **449579** | **-** | **-** | **449579** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash equivalents | **-** | **-** | **7247400** | **7247400** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities | **-** | **910485** | **55877** | **966362** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted cash | **34727** | **-** | **-** | **34727** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts receivable | **4917187** | **-** | **300628** | **5217815** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes receivables | **31025** | **-** | **-** | **31025** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives not designated | **-** | **-** | **326** | **326** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives designated as hedge accounting (1) | **-** | **-** | **812912** | **812912** |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | **(13296359)** | **-** | **-** | **(13296359)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and borrowings (2) | **(10262369)** | **-** | **(7809830)** | **(18072199)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives not designated | **-** | **-** | **(98453)** | **(98453)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives designated as hedge accounting (1) | **-** | **-** | **(154022)** | **(154022)** |
|  | **(18126210)** | **910485** | **354838** | **(16860887)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **06.30.25** |
|  | **Amortized cost** | **FVTOCI (3) - Equity instruments** | **Fair value through profit and loss** | **Total** |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and bank | **1574596** | **-** | **-** | **1574596** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash equivalents | **-** | **-** | **12571607** | **12571607** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities | **243252** | **924129** | **55897** | **1223278** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted cash | **79879** | **-** | **-** | **79879** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts receivable | **3624677** | **-** | **300628** | **3925305** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes receivables | **31025** | **-** | **-** | **31025** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives not designated | **-** | **-** | **326** | **326** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives designated as hedge accounting (1) | **-** | **-** | **812912** | **812912** |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | **(14647808)** | **-** | **-** | **(14647808)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and borrowings (2) | **(12935690)** | **-** | **(7809830)** | **(20745520)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives not designated | **-** | **-** | **(98453)** | **(98453)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives designated as hedge accounting (1) | **-** | **-** | **(154022)** | **(154022)** |
|  | **(22030069)** | **924129** | **5679065** | **(15426875)** |

---

(1) All derivatives are classified at fair value through profit and loss. Those designated as hedge accounting instruments have their gains and losses also affecting Equity and Inventories.

(2) The part of the loans and borrowings that is object in a fair value hedge is classified as Fair value through profit and loss. The rest of the loans and borrowings balance is classified as amortized cost and those designated as cash flow or net investment hedge accounting instruments have their gains and losses also affecting Equity.

(3) FVTOCI: Fair Value Through Other Comprehensive Income.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

23.7 Fair value of financial instruments

The fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Depending on the inputs used for measurement, the financial instruments at fair value may be classified into 3 hierarchy levels:

» Level 1 - Uses quoted prices (unadjusted) for identical instruments in active markets. In this category are classified investments in stocks, savings accounts, overnights, term deposits, Financial Treasury Bills ("LFT") and investment funds;

---

| | |
|:---|:---|
| » | Level 2 - Uses prices quoted in active markets for similar instruments, prices quoted for identical or similar instruments in non-active markets and evaluation models for which inputs are observable. In this level are classified the investments in Bank Deposit Certificates ("CDB") and derivatives, which are measured by well-known pricing models: discounted cash flows and Black-Scholes. The observable inputs are interest rates and curves, volatility factors and foreign exchange rates; |

---

» Level 3 - Instruments for which significant inputs are non-observable. The Company does not have financial instruments in this category.

The table below presents the classification of financial instruments recorded at fair value by measurement hierarchy. Throughout the period ended June 30, 2025, there were no changes among the 3 levels of hierarchy.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **12.31.24** | **12.31.24** | **12.31.24** |
|  | **Level 1** | **Level 2** | **Total** | **Level 1** | **Level 2** | **Total** |
| **Financial Assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Fair value through other comprehensive income** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National treasury notes | **910485** | **-** | **910485** | &nbsp;&nbsp;&nbsp;&nbsp;859029 |  | &nbsp;&nbsp;&nbsp;&nbsp;859029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stocks | **-** | **-** | **-** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Fair value through profit and loss** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings account and overnight | **14886** | **-** | **14886** | &nbsp;&nbsp;&nbsp;&nbsp;1582 |  | 1582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term deposits | **-** | **-** | **-** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank deposit certificates | **-** | **6711955** | **6711955** |  | &nbsp;&nbsp;&nbsp;&nbsp;3545946 | 3545946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial treasury bills | **37277** | **-** | **37277** | 35031 |  | 35031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment funds | **26357** | **-** | **26357** | 23177 |  | 23177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts receivable | **-** | **300628** | **300628** |  | &nbsp;&nbsp;&nbsp;&nbsp;266210 | &nbsp;&nbsp;&nbsp;&nbsp;266210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives | **-** | **813238** | **813238** |  | &nbsp;&nbsp;&nbsp;&nbsp;314603 | &nbsp;&nbsp;&nbsp;&nbsp;314603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other titles | **-** | **-** | **-** |  |  |  |
| **Financial Liabilities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Fair value through profit and loss** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives | **-** | **(252475)** | **(252475)** |  | (619182) | (619182) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and borrowings | **-** | **(7809830)** | **(7809830)** |  | (6334836) | (6334836) |
|  | **989005** | **(236484)** | **752521** | &nbsp;&nbsp;&nbsp;&nbsp;918819 | (2827259) | (1908440) |

---

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| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **06.30.25** | **06.30.25** | **06.30.25** | **12.31.24** | **12.31.24** | **12.31.24** |
|  | **Level 1** | **Level 2** | **Total** | **Level 1** | **Level 2** | **Total** |
| **Financial Assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Fair value through other comprehensive income** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National treasury notes | **910486** | **-** | **910486** | &nbsp;&nbsp;&nbsp;&nbsp;859029 |  | &nbsp;&nbsp;&nbsp;&nbsp;859029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stocks | **13643** | **-** | **13643** | 15481 |  | 15481 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Fair value through profit and loss** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings account and overnight | **14886** | **-** | **14886** | &nbsp;&nbsp;&nbsp;&nbsp;1582 |  | 1582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term deposits | **5156437** | **-** | **5156437** | &nbsp;&nbsp;&nbsp;&nbsp;4562127 |  | 4562127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank deposit certificates | **-** | **6879725** | **6879725** |  | &nbsp;&nbsp;&nbsp;&nbsp;3716958 | 3716958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial treasury bills | **37277** | **-** | **37277** | 35031 |  | 35031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment funds | **26357** | **-** | **26357** | 23177 |  | 23177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts receivable | **-** | **300628** | **300628** |  | &nbsp;&nbsp;&nbsp;&nbsp;266210 | &nbsp;&nbsp;&nbsp;&nbsp;266210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives | **-** | **813238** | **813238** |  | &nbsp;&nbsp;&nbsp;&nbsp;314603 | &nbsp;&nbsp;&nbsp;&nbsp;314603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other titles | **20** | **-** | **20** | 20 |  | &nbsp;&nbsp;&nbsp;&nbsp;20 |
| **Financial Liabilities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Fair value through profit and loss** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives | **-** | **(252475)** | **(252475)** |  | (619182) | (619182) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and borrowings | **-** | **(7809830)** | **(7809830)** |  | (6334836) | (6334836) |
|  | **6159106** | **(68714)** | **6090392** | &nbsp;&nbsp;&nbsp;&nbsp;5496447 | (1154639) | 4341808 |

---

The fair value of financial instruments approximates the carrying value, except in the cases presented below, where bonds are stated based on observable prices in active markets and debentures are measured using discounted cash flows.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** |
|  |  |  | **06.30.25** | **06.30.25** | **12.31.24** | **12.31.24** |
|  | **Currency** | **Maturity** | **Book <br> value** | **Fair<br> value** | **Book <br> value** | **Fair<br> value** |
| BRF S.A. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BRF SA BRFSBZ 4 7/8 | USD | 2030 | **(3265312)** | **(3227087)** | (3706212) | (3351896) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BRF SA BRFSBZ 5 3/4 | USD | 2050 | **(3634881)** | **(3141341)** | (4135792) | (3262625) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debenture - 1st issue | BRL | 2026 | **(278418)** | **(270937)** | (550542) | (520552) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debenture - 2nd issue | BRL | 1st serie 2027 and 2nd series 2030 | **(2882990)** | **(3083497)** | (2739446) | (2897325) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debenture - 3rd issue | BRL | 2031 | **(1171568)** | **(1171568)** | (1109135) | (1109135) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debenture - 4rd issue | BRL | 1st serie 2027 and 2nd series 2032 | **(1132773)** | **(1207449)** | (1062066) | (1139664) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debenture - 5rd issue | BRL | 1st serie 2029, 2nd series 2031 and 3rd series 2034 | **(1909297)** | **(1627094)** | (1765547) | (1780894) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debenture - 6rd issue | BRL | 2nd series 2035, 3rd series 2040 and 4th series 2045 | **(1244651)** | **(1244651)** | (1765547) | (1780894) |
| **Parent company** |  |  | **(15519890)** | **(14973624)** | (16834287) | (15842985) |
| BRF GmbH |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BRF SA BRFSBZ 4.35 | USD | 2026 | **(1531467)** | **(1590797)** | (1759349) | (1712346) |
| **Consolidated** |  |  | **(17051357)** | **(16564421)** | (18593636) | (17555331) |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;24. Segment Information

The operating segments are reported consistently with the management reports provided to the main strategic and operational decision makers for assessing the performance of each segment and allocation of resources. The operating segments information is prepared considering three reportable segments, being: Brazil, International and Other segments.

The operating segments include the sales of all distribution channels and are subdivided according to the nature of the products, for which the characteristics are described below:

---

| | |
|:---|:---|
| » | **<u>In-natura</u>:** production and sale of whole poultry and cuts and pork and other cuts; |

---

---

| | |
|:---|:---|
| » | **<u>Semi-processed</u>**: production and marketing of in-natura cooked and smoked foods; |

---

---

| | |
|:---|:---|
| » | **<u>Processed</u>:** production and sale of processed food, frozen and processed products derived from poultry, pork and beef, margarine, vegetables and soybean-based products; |

---

---

| | |
|:---|:---|
| » | **<u>Other sales</u>:** sales of flour for food service and others. |

---

Other segments are comprised of commercialization and development of animal nutrition ingredients, human nutrition, plant nutrition (fertilizers), healthcare (health and wellness), pet food, as well as commercialization of agricultural products.

The items not allocated to the segments are presented as Corporate and refer to relevant events not attributable to the operating segments.

The net sales by nature for each reportable operating segment is set forth below:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **2025** | **2025** | **2024** | **2024** |
|  | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Brazil** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In-natura | **2036794** | **4015911** | 1703823 | 3288988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Semiprocessed | **648068** | **1225176** | 485814 | 929999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Processed | **5331776** | **10201279** | 4621547 | 8745645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other sales | **63167** | **71993** | 60372 | 69314 |
|  | **8079805** | **15514359** | 6871556 | 13033946 |
| &nbsp;&nbsp;&nbsp;&nbsp;**International** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In-natura | **5457329** | **11647936** | 6225465 | 11761282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Semiprocessed | **140771** | **303293** | 171624 | 295153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Processed | **1010580** | **2043515** | 886951 | 1673909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other sales | **33452** | **69440** | 46452 | 85244 |
|  | **6642132** | **14064184** | 7330492 | 13815588 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Other segments** | **642694** | **1298109** | 727544 | 1457567 |
|  | **15364631** | **30876652** | 14929592 | 28307101 |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

The gross profit and income (loss) before financial results for each segment and for Corporate are set forth below:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **Gross profit** | **Gross profit** | **Gross profit** | **Gross profit** | **Income (loss) before financial results and income taxes** | **Income (loss) before financial results and income taxes** | **Income (loss) before financial results and income taxes** | **Income (loss) before financial results and income taxes** |
|  | **2025** | **2025** | 2024 | 2024 | **2025** | **2025** | 2024 | 2024 |
|  | **Apr - jun** | **Jan - jun** | Apr - jun | Jan - jun | **Apr - jun** | **Jan - jun** | Apr - jun | Jan - jun |
| Brazil | **2386831** | **4446835** | 1881943 | &nbsp;&nbsp;&nbsp;&nbsp;3469017 | **913841** | **1780256** | 655963 | &nbsp;&nbsp;&nbsp;&nbsp;1170659 |
| &nbsp;&nbsp;&nbsp;&nbsp;Margin (%) | **29.5%** | **28.7%** | 27.4% | 26.6% | **11.3%** | **11.5%** | 9.5% | 9.0% |
| International | **1579218** | **3439713** | 1990169 | &nbsp;&nbsp;&nbsp;&nbsp;3453442 | **678842** | **1665004** | 1126624 | &nbsp;&nbsp;&nbsp;&nbsp;1798137 |
| &nbsp;&nbsp;&nbsp;&nbsp;Margin (%) | **23.8%** | **24.5%** | 27.1% | 25.0% | **10.2%** | **11.8%** | 15.4% | 13.0% |
| Other segments | **127293** | **260583** | 164669 | &nbsp;&nbsp;&nbsp;&nbsp;338609 | **29237** | **84318** | 61288 | &nbsp;&nbsp;&nbsp;&nbsp;115511 |
| &nbsp;&nbsp;&nbsp;&nbsp;Margin (%) | **19.8%** | **20.1%** | 22.6% | 23.2% | **4.5%** | **6.5%** | 8.4% | 7.9% |
| **Subtotal** | **4093342** | **8147131** | 4036781 | &nbsp;&nbsp;&nbsp;&nbsp;7261068 | **1621920** | **3529578** | 1843875 | &nbsp;&nbsp;&nbsp;&nbsp;3084307 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Corporate* | **230** | **(954)** | (106814) | (106814) | **(41837)** | **(64963)** | (140586) | (128723) |
| **Total** | **4093572** | **8146177** | 3929967 | &nbsp;&nbsp;&nbsp;&nbsp;7154254 | **1580083** | **3464615** | 1703289 | &nbsp;&nbsp;&nbsp;&nbsp;2955584 |
| Margin (%) | **26.6%** | **26.4%** | 26.3% | 25.3% | **10.3%** | **11.2%** | 11.4% | 10.4% |

---

The composition of selected items that were not allocated to the Company's operating segments as they are not linked to its main activity and, therefore, were presented as Corporate is set forth below:<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **2025** | **2025** | | |
| **Corporate** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| Results with sale and disposal of fixed assets and investments | **(8936)** | **(10485)** | **(8581)** | **9073** |
| Reversal/(provision) for tax and civil contingencies | **(32119)** | **(55695)** | **(16921)** | **(18775)** |
| Expenses with demobilization | **(1623)** | **(1933)** | **(1397)** | **(6764)** |
| Weather events | **230** | **(954)** | **(113083)** | **(113083)** |
| Other | **611** | **4104** | **(604)** | **826** |
|  | **(41837)** | **(64963)** | **(140586)** | **(128723)** |

---

No customer individually or in aggregate (economic group) accounted for more than 5% of net sales in the period ended June 30, 2025, and 2024.

The goodwill arising from business combinations and the intangible assets with indefinite useful life (trademarks) were allocated to the reportable operating segments, considering the economic benefits generated by such intangible assets. The allocation of these intangible assets is presented below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **Goodwill** | **Goodwill** | **Trademarks** | **Trademarks** | **Total** | **Total** |
|  | **06.30.25** | 12.31.24 | **06.30.25** | 12.31.24 | **06.30.25** | 12.31.24 |
| Brazil | **1151498** | 1151498 | **982478** | 982478 | **2133976** | 2133976 |
| International | **1987193** | 2159259 | **511646** | 549072 | **2498839** | 2708331 |
| Other segments | **456390** | 460505 | **474715** | 474716 | **931105** | 935221 |
|  | **3595081** | 3771262 | **1968839** | 2006266 | **5563920** | 5777528 |

---

Information related to total assets by reportable segment is not disclosed, as it is not included in the set of information made available to the Company's management, which makes investment decisions and determines allocation of resources based on information about the consolidated assets.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;25. Net sales

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **2025** | **2025** | **2024** | **2024** |  | **2025** | **2025** | **2024** | **2024** |
|  | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |  | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| **Gross sales** |  |  |  |  | **Gross sales** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazil | **9827533** | **18917908** | 8367020 | 15932015 | &nbsp;&nbsp;&nbsp;&nbsp;Brazil | **9827533** | **18917908** | 8367020 | 15932015 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | **5203915** | **10646231** | 4537429 | &nbsp;&nbsp;&nbsp;&nbsp;8763202 | &nbsp;&nbsp;&nbsp;&nbsp;International | **7052824** | **14898171** | 7698900 | 14499758 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other segments | **490873** | **1037587** | 504233 | &nbsp;&nbsp;&nbsp;&nbsp;1057067 | &nbsp;&nbsp;&nbsp;&nbsp;Other segments | **772744** | **1536031** | 875774 | &nbsp;&nbsp;&nbsp;&nbsp;1742287 |
|  | **15522321** | **30601726** | 13408682 | 25752284 |  | **17653101** | **35352110** | 16941694 | 32174060 |
| **Sales deductions** |  |  |  |  | **Sales deductions** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazil | **(1747727)** | **(3403557)** | (1495463) | (2898068) | &nbsp;&nbsp;&nbsp;&nbsp;Brazil | **(1747727)** | **(3403557)** | (1495464) | (2898069) |
| &nbsp;&nbsp;&nbsp;&nbsp;International | **(154068)** | **(281353)** | &nbsp;&nbsp;&nbsp;&nbsp;(21114) | (40247) | &nbsp;&nbsp;&nbsp;&nbsp;International | **(410691)** | **(833986)** | (368408) | (684170) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other segments | **(59409)** | **(115992)** | &nbsp;&nbsp;&nbsp;&nbsp;(48113) | (102314) | &nbsp;&nbsp;&nbsp;&nbsp;Other segments | **(130052)** | **(237915)** | (148230) | (284720) |
|  | **(1961204)** | **(3800902)** | (1564690) | (3040629) |  | **(2288470)** | **(4475458)** | (2012102) | (3866959) |
| **Net sales** |  |  |  |  | **Net sales** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazil | **8079805** | **15514350** | 6871557 | 13033947 | &nbsp;&nbsp;&nbsp;&nbsp;Brazil | **8079805** | **15514350** | 6871556 | 13033946 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | **5049846** | **10364877** | 4516315 | &nbsp;&nbsp;&nbsp;&nbsp;8722955 | &nbsp;&nbsp;&nbsp;&nbsp;International | **6642132** | **14064184** | 7330492 | 13815588 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other segments | **431466** | **921597** | 456120 | &nbsp;&nbsp;&nbsp;&nbsp;954753 | &nbsp;&nbsp;&nbsp;&nbsp;Other segments | **642694** | **1298118** | 727544 | &nbsp;&nbsp;&nbsp;&nbsp;1457567 |
|  | **13561117** | **26800824** | 11843992 | 22711655 |  | **15364631** | **30876652** | 14929592 | 28307101 |

---

&nbsp;&nbsp;&nbsp;&nbsp;26. Expenses by nature

The Company presents the breakdown of some income statement accounts below, according to function and nature:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** |
|  | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| **Costs of sales** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Raw materials and supplies | **(6857063)** | **(13558501)** | (6468021) | (12466783) | **(7777603)** | **(16006884)** | (7901238) | (15115098) |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employees benefits | **(1452792)** | **(2792347)** | (1322848) | (2529959) | **(1716996)** | **(3288857)** | (1463094) | (2813692) |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation | **(625624)** | **(1222697)** | (605564) | (1204296) | **(689263)** | **(1344891)** | (672690) | (1326850) |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization | **(27086)** | **(49117)** | &nbsp;&nbsp;&nbsp;&nbsp;(23447) | &nbsp;&nbsp;&nbsp;&nbsp;(51055) | **(55050)** | **(101801)** | &nbsp;&nbsp;&nbsp;&nbsp;(50918) | (104022) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **(962001)** | **(1859102)** | (836639) | (1650408) | **(1032147)** | **(1988042)** | (911685) | (1793185) |
|  | **(9924566)** | **(19481764)** | (9256519) | (17902501) | **(11271059)** | **(22730475)** | (10999625) | (21152847) |
| **Operating income (expenses):** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Sales** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect and direct logistics expenses | **(939046)** | **(1838315)** | (883132) | (1741921) | **(928378)** | **(1827232)** | (891522) | (1728104) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing | **(234939)** | **(380373)** | (180351) | (333695) | **(292171)** | **(492364)** | (218331) | (418896) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salaries and employees benefits | **(433261)** | **(827230)** | (385900) | (706231) | **(564383)** | **(1086659)** | (497111) | (919858) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | **(60345)** | **(118059)** | &nbsp;&nbsp;&nbsp;&nbsp;(65407) | (126978) | **(105619)** | **(209212)** | (108416) | (211111) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | **(13948)** | **(25493)** | &nbsp;&nbsp;&nbsp;&nbsp;(13475) | &nbsp;&nbsp;&nbsp;&nbsp;(29329) | **(18792)** | **(34981)** | &nbsp;&nbsp;&nbsp;&nbsp;(17888) | &nbsp;&nbsp;&nbsp;&nbsp;(37844) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | **(144763)** | **(281636)** | (124053) | (237931) | **(209447)** | **(412313)** | (204914) | (394187) |
|  | **(1826302)** | **(3471106)** | (1652318) | (3176085) | **(2118790)** | **(4062761)** | (1938182) | (3710000) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Administrative expenses** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salaries and employees benefits | **(96834)** | **(166813)** | (109638) | (190742) | **(153020)** | **(274708)** | (149494) | (267930) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fees | **(38054)** | **(57624)** | &nbsp;&nbsp;&nbsp;&nbsp;(34956) | &nbsp;&nbsp;&nbsp;&nbsp;(54440) | **(38167)** | **(57851)** | &nbsp;&nbsp;&nbsp;&nbsp;(35065) | &nbsp;&nbsp;&nbsp;&nbsp;(54622) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | **(5604)** | **(11834)** | (6517) | &nbsp;&nbsp;&nbsp;&nbsp;(13300) | **(10854)** | **(22165)** | &nbsp;&nbsp;&nbsp;&nbsp;(10760) | &nbsp;&nbsp;&nbsp;&nbsp;(22516) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | **(1645)** | **(2887)** | (564) | (2083) | **(4123)** | **(8968)** | (5562) | &nbsp;&nbsp;&nbsp;&nbsp;(11240) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | **(37148)** | **(51190)** | &nbsp;&nbsp;&nbsp;&nbsp;(23805) | &nbsp;&nbsp;&nbsp;&nbsp;(44173) | **(71695)** | **(131352)** | &nbsp;&nbsp;&nbsp;&nbsp;(50334) | &nbsp;&nbsp;&nbsp;&nbsp;(96400) |
|  | **(179285)** | **(290348)** | (175480) | (304738) | **(277859)** | **(495044)** | (251215) | (452708) |
| **Impairment loss on trade receivables** | **3237** | **2236** | &nbsp;&nbsp;&nbsp;&nbsp;(18873) | &nbsp;&nbsp;&nbsp;&nbsp;(34793) | **1422** | **(3329)** | &nbsp;&nbsp;&nbsp;&nbsp;(20897) | &nbsp;&nbsp;&nbsp;&nbsp;(48115) |
| **Other operating income (expenses), net** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Recovery of expenses | **16183** | **22515** | 16556 | 32627 | **17065** | **38109** | 16670 | 32590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Civil and tax contingencies (assets or liabilities) | **(125615)** | **(147991)** | &nbsp;&nbsp;&nbsp;&nbsp;(24362) | &nbsp;&nbsp;&nbsp;&nbsp;(28767) | **(128313)** | **(151890)** | &nbsp;&nbsp;&nbsp;&nbsp;(25785) | &nbsp;&nbsp;&nbsp;&nbsp;(30529) |
| &nbsp;&nbsp;&nbsp;&nbsp;Results with sale and disposal of fixed assets and investments | **(8822)** | **(10739)** | (1369) | 16346 | **(9044)** | **(10610)** | (2480) | 15174 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **(3024)** | **3585** | (3394) | (2645) | **2541** | **2670** | (1177) | &nbsp;&nbsp;&nbsp;&nbsp;937 |
|  | **(121278)** | **(132630)** | &nbsp;&nbsp;&nbsp;&nbsp;(12569) | 17561 | **(117751)** | **(121721)** | &nbsp;&nbsp;&nbsp;&nbsp;(12772) | 18172 |

---

The Company incurred a total of expenses with internal research and development of new products of R$31,909 in the Parent Company and in the Consolidated for the six-month period ended June 30, 2025 (R$30,779 in the Parent Company and in the Consolidated for the same period of the previous year), and R$17,403 in the Parent Company and in the Consolidated for the three-month period ended June 30, 2025 (R$15,276 in the Parent Company and in the Consolidated for the same period of the previous year).

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;27. Financial income (expenses)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** |
|  | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| **Financial income** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on cash and cash equivalents | **157594** | **254104** | 74200 | &nbsp;&nbsp;&nbsp;&nbsp;141105 | **276425** | **544940** | &nbsp;&nbsp;&nbsp;&nbsp;170744 | &nbsp;&nbsp;&nbsp;&nbsp;307656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income with marketable securities | **37488** | **79517** | 20267 | 40836 | **41692** | **88157** | 24030 | 50445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value through profit and loss | **37488** | **79517** | 20267 | 40836 | **37488** | **79518** | 20090 | 40659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortized cost | **-** | **-** |  |  | **4204** | **8639** | 3940 | 9786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on recoverable taxes | **37039** | **70034** | 78685 | &nbsp;&nbsp;&nbsp;&nbsp;164889 | **41561** | **78772** | 78854 | &nbsp;&nbsp;&nbsp;&nbsp;165176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and financial income on other assets | **11530** | **23198** | (1660) | 21408 | **13562** | **27219** | 287 | 25317 |
|  | **243651** | **426853** | &nbsp;&nbsp;&nbsp;&nbsp;171492 | &nbsp;&nbsp;&nbsp;&nbsp;368238 | **373240** | **739088** | &nbsp;&nbsp;&nbsp;&nbsp;273915 | &nbsp;&nbsp;&nbsp;&nbsp;548594 |
| **Financial expenses** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests on loans and borrowings | **(443977)** | **(865335)** | (424826) | (836920) | **(492394)** | **(964575)** | (479329) | (941534) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest with related parties | **(69482)** | **(154568)** | (101122) | (194889) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on contingencies | **(33371)** | **(62304)** | (31889) | (54547) | **(35001)** | **(67658)** | (31889) | (54548) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on leases | **(95977)** | **(185967)** | (88616) | (175775) | **(101947)** | **(198537)** | (95706) | (189151) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on actuarial liabilities | **(7416)** | **(14830)** | (6960) | (13920) | **(11500)** | **(23596)** | (14727) | (27838) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes on financial income | **(16928)** | **(25459)** | (9186) | (18644) | **(17506)** | **(26732)** | (9781) | (20361) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustment to present value (2) | **(263477)** | **(480469)** | (174051) | (373496) | **(247762)** | **(445228)** | (139723) | (322302) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial expenses | **(69196)** | **(137518)** | (74794) | (174735) | **(98396)** | **(199385)** | (115594) | (238128) |
|  | **(999824)** | **(1926450)** | (911444) | (1842926) | **(1004506)** | **(1925711)** | (886749) | (1793862) |
| **Foreign exchange, prices and monetary variations** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange rate variation on monetary assets and liabilities and prices | **411418** | **1058675** | (1407530) | (1701620) | **(32692)** | **(44888)** | &nbsp;&nbsp;&nbsp;&nbsp;127376 | 48165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange of derivatives | **(49779)** | **1136** | &nbsp;&nbsp;&nbsp;&nbsp;137567 | &nbsp;&nbsp;&nbsp;&nbsp;211724 | **(49779)** | **1068** | &nbsp;&nbsp;&nbsp;&nbsp;130736 | &nbsp;&nbsp;&nbsp;&nbsp;203921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and fair value of derivatives | **(27102)** | **(26324)** | 3123 | (29548) | **(27102)** | **(26256)** | 3100 | (29904) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Monetary Gains or Losses (1) | **-** | **-** |  |  | **44803** | **103378** | (38456) | 95381 |
|  | **334537** | **1033487** | (1266840) | (1519444) | **(64770)** | **33302** | &nbsp;&nbsp;&nbsp;&nbsp;222756 | &nbsp;&nbsp;&nbsp;&nbsp;317563 |
|  | **(421636)** | **(466110)** | &nbsp;&nbsp;&nbsp;&nbsp;(2006792) | &nbsp;&nbsp;&nbsp;&nbsp;(2994132) | **(696036)** | **(1153321)** | &nbsp;&nbsp;&nbsp;&nbsp;(390078) | &nbsp;&nbsp;&nbsp;&nbsp;(927705) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Effects of monetary correction resulting from operations in hyperinflationary
economy.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The adjustment to present value considers the balances of trade accounts
receivable and trade accounts payable, and the rate used for the period ended June 30, 2025, was 16.71% p.a. (12.56% p.a. for the period
ended June 30, 2024).

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;28. Related parties

The balance of the transactions with related parties are as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **Accounts receivable** | **Accounts receivable** | **Trade accounts payable** | **Trade accounts payable** | **Other rights** | **Other rights** | **Advances and other liabilities** | **Advances and other liabilities** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| &nbsp;&nbsp;&nbsp;&nbsp;Auren Energia | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;(152) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Al Khan Foodstuff LLC ("AKF") | **156691** | &nbsp;&nbsp;&nbsp;&nbsp;121815 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Al-Wafi Al-Takamol International for Foods Products | **668793** | &nbsp;&nbsp;&nbsp;&nbsp;329766 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Al-Wafi Factory | **279552** | &nbsp;&nbsp;&nbsp;&nbsp;273253 | **-** |  | **6** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Banvit Bandirma Vitaminli | **10355** |  | **-** |  | **278** | &nbsp;&nbsp;&nbsp;&nbsp;29065 | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Energia S.A. | **-** |  | **(253326)** | (357870) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Foods GmbH | **-** | &nbsp;&nbsp;&nbsp;&nbsp;170508 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Foods LLC | **-** |  | **-** |  | **274** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | (311) |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Global GmbH | **408867** | &nbsp;&nbsp;&nbsp;&nbsp;1665209 | **(212835)** | (11104) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **(3791864)**<sup>(1)</sup> | (5279524) |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Global Company South Africa Proprietary Ltd. | **-** |  | **(389)** | &nbsp;&nbsp;&nbsp;&nbsp;(3786) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF GmbH | **-** |  | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **(1557777)**<sup>(2)</sup> | (1561003) |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Japan KK | **-** |  | **(1046)** | &nbsp;&nbsp;&nbsp;&nbsp;(2144) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Korea LLC | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;(684) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Kuwait Food Management Company WLL | **23299** | 27951 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Shanghai Management Consulting Co. Ltd. | **-** |  | **(394)** | &nbsp;&nbsp;&nbsp;&nbsp;(4717) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Singapore Foods PTE Ltd. | **-** |  | **(2402)** | &nbsp;&nbsp;&nbsp;&nbsp;(203) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Foods LLC | **450969** | &nbsp;&nbsp;&nbsp;&nbsp;238631 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Foods Qatar | **256952** | &nbsp;&nbsp;&nbsp;&nbsp;171384 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **(9)** | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Hercosul Alimentos Ltda. | **-** | 20178 | **-** |  | **-** | 446 | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hercosul International S.R.L. | **-** | 83 | **-** | &nbsp;&nbsp;&nbsp;&nbsp;(4641) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hercosul Sol. Transp. Ltda. | **-** |  | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Joody Al Sharqiya Food Production Factory LLC | **41** | 76775 | **(8308)** |  | **1** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mogiana Alimentos S.A. | **95965** | 16343 | **-** |  | **-** | 517 | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sadia Alimentos S.A.U. | **104876** |  | **(244)** |  | **3122** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | (2535) |
| &nbsp;&nbsp;&nbsp;&nbsp;Sadia Chile SpA | **-** | &nbsp;&nbsp;&nbsp;&nbsp;188431 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;45826 | **-** | &nbsp;&nbsp;&nbsp;&nbsp;(31) |
| &nbsp;&nbsp;&nbsp;&nbsp;Sadia Uruguay S.A. | **216565** | 6563 | **-** |  | **40427** | 1146 | **-** | &nbsp;&nbsp;&nbsp;&nbsp;(18624) |
| &nbsp;&nbsp;&nbsp;&nbsp;VIP S.A. Empreendimentos e Partic. Imob. | **9234** |  | **-** |  | **-** |  | **(22292)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Marfrig Global Foods S.A. | **7932** | 15044 | **(59741)** | (36266) | **2077** | 582 | **(295)** | (229) |
| &nbsp;&nbsp;&nbsp;&nbsp;Marfrig Chile S.A. | **4957** | 3626 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Quickfood S.A. | **23710** | 24223 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dicasold S.A. | **7762** | 1659 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Weston Importers Ltd. | **-** |  | **-** |  | **-** | 2177 | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;MFG Agropecuária Ltda. | **93** |  | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agropecuária Jacarezinho Ltda. | **35** |  | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fazenda São Marcelo Ltda. | **31** |  | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pampeano Alimentos S.A. | **1344** | 257 | **(662)** | &nbsp;&nbsp;&nbsp;&nbsp;(114) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| **Total** | **2728023** | &nbsp;&nbsp;&nbsp;&nbsp;3351699 | **(539347)** | (421681) | **46185** | &nbsp;&nbsp;&nbsp;&nbsp;79759 | **(5372237)** | (6862266) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The amount corresponds to export pre-payments, usual operation between the productive
units in Brazil with the wholly-owned subsidiaries that operate as trading companies in the international market.

&nbsp;&nbsp;&nbsp;&nbsp;(2) BRF S.A. performs reimbursement to certain subsidiaries for
losses incurred in the normal course of their operations, generating liabilities recorded as Other obligations with Related parties.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **Accounts receivable** | **Accounts receivable** | **Trade accounts payable** | **Trade accounts payable** | **Other rights** | **Other rights** | **Advances and other liabilities** | **Advances and other liabilities** |
|  | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** | **06.30.25** | **12.31.24** |
| &nbsp;&nbsp;&nbsp;&nbsp;Marfrig Global Foods S.A. | **7932** | 16145 | **(59741)** | (36266) | **2100** | 582 | **(295)** | (229) |
| &nbsp;&nbsp;&nbsp;&nbsp;Marfrig Chile S.A. | **4957** | 3626 | **(38)** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Quickfood S.A. | **23710** | 24223 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dicasold S.A. | **15211** | 1659 | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Weston Importers Ltd. | **1410** | 1416 | **(49086)** | &nbsp;&nbsp;&nbsp;&nbsp;(5587) | **179** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;MFG Agropecuária Ltda. | **93** |  | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agropecuária Jacarezinho Ltda. | **35** |  | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fazenda São Marcelo Ltda. | **31** |  | **-** |  | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pampeano Alimentos S.A. | **1344** | 257 | **(662)** | &nbsp;&nbsp;&nbsp;&nbsp;(114) | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** |  |
| **Total** | **54723** | 47326 | **(109527)** | (41967) | **2279** | 582 | **(295)** | (229) |

---

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **Sales** | **Sales** | **Sales** | **Sales** | **Financial results, net** | **Financial results, net** | **Financial results, net** | **Financial results, net** | **Purchases** | **Purchases** | **Purchases** | **Purchases** | **Other operating income (expenses)** | **Other operating income (expenses)** | **Other operating income (expenses)** | **Other operating income (expenses)** |
|  | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** |
|  | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** |
| &nbsp;&nbsp;&nbsp;&nbsp;Auren Energia | **27191** | **58749** | &nbsp;&nbsp;&nbsp;&nbsp;22010 | &nbsp;&nbsp;&nbsp;&nbsp;41903 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Al Khan Foodstuff LLC ("AKF") | **125648** | **232952** | 1003 | 1003 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Al-Wafi Al-Takamol International for Foods Products | **545116** | **1140106** | &nbsp;&nbsp;&nbsp;&nbsp;10026 | &nbsp;&nbsp;&nbsp;&nbsp;10026 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Al-Wafi Factory | **112899** | **211730** | 3663 | 3663 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Energia S.A. | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **(74806)** | **(150059)** | &nbsp;&nbsp;&nbsp;&nbsp;(63491) | (129795) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Global GmbH <sup>(1)</sup> | **374** | **4314** | 3349410 | 7029520 | **(69437)** | **(154476)** | (100147) | (192840) | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Kuwait Food Management Company WLL | **113874** | **214971** | 1104 | 1104 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Foods LLC | **492425** | **831423** | &nbsp;&nbsp;&nbsp;&nbsp;26681 | &nbsp;&nbsp;&nbsp;&nbsp;26681 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Foods Qatar | **130052** | **261762** | 318 | 318 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hercosul Alimentos Ltda. | **-** | **-** | 7876 | &nbsp;&nbsp;&nbsp;&nbsp;16920 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hercosul International S.R.L. | **80** | **80** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **(3097)** | **(3097)** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Joody Al Sharqiya Food Production Factory LLC | **44579** | **89162** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mogiana Alimentos S.A. | **62183** | **92682** | &nbsp;&nbsp;&nbsp;&nbsp;12582 | &nbsp;&nbsp;&nbsp;&nbsp;21544 | **-** | **-** |  |  | **(110)** | **(110)** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Parceiros | **41029** | **81026** | 5706 | 5706 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sadia Alimentos S.A.U. | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;(46) | &nbsp;&nbsp;&nbsp;&nbsp;(90) | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sadia Chile SpA | **108415** | **238753** | &nbsp;&nbsp;&nbsp;&nbsp;68357 | 163354 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sadia Uruguay S.A. | **15075** | **30767** | &nbsp;&nbsp;&nbsp;&nbsp;10502 | &nbsp;&nbsp;&nbsp;&nbsp;23909 | **(45)** | **(92)** | (929) | (1959) | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Singapura | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** | (909) | (909) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Japan | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** | (336) | (336) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Korea | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** | (151) | (151) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF South Africa | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** | (218) | (218) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BRF Shanghai | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** | (411) | (411) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Marfrig Global Foods S.A. | **20930** | **40874** | &nbsp;&nbsp;&nbsp;&nbsp;18304 | &nbsp;&nbsp;&nbsp;&nbsp;33510 | **975** | **5731** |  |  | **(189939)** | **(300990)** | (202494) | (276299) | **5981** | **12682** | &nbsp;&nbsp;&nbsp;&nbsp;1410 | &nbsp;&nbsp;&nbsp;&nbsp;2590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marfrig Chile S.A. | **6196** | **10281** | 4372 | &nbsp;&nbsp;&nbsp;&nbsp;10840 | **-** | **-** |  |  | **(38)** | **(38)** | (270) | (652) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Quickfood S.A. | **44527** | **83657** | &nbsp;&nbsp;&nbsp;&nbsp;17031 | &nbsp;&nbsp;&nbsp;&nbsp;43433 | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dicasold S.A. | **11878** | **22232** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Weston Importers Ltd. | **-** | **-** | 1288 | 1839 | **-** | **-** |  |  | **(87405)** | **(123295)** | &nbsp;&nbsp;&nbsp;&nbsp;(85164) | (115252) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;MFG Agropecuária Ltda. | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** |  |  | **219** | **306** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agropecuária Jacarezinho | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** |  |  | **98** | **142** | &nbsp;&nbsp;&nbsp;&nbsp;(54) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fazenda São Marcelo | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** |  |  | **-** | **-** |  |  | **101** | **142** | &nbsp;&nbsp;&nbsp;&nbsp;(54) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pampeano Alimentos S/A | **3726** | **4786** | 249 | 249 | **-** | **-** |  |  | **(1546)** | **(2500)** | (677) | (1093) | **-** | **-** |  |  |
| **Total** | **1906197** | **3650307** | 3560482 | 7435522 | **(68507)** | **(148837)** | (101122) | (194889) | **(356941)** | **(580089)** | (354121) | (525116) | **6399** | **13272** | &nbsp;&nbsp;&nbsp;&nbsp;1302 | &nbsp;&nbsp;&nbsp;&nbsp;2590 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) As of 2024, BRF S.A. began to consider direct sales to some customers abroad.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **Sales** | **Sales** | **Sales** | **Sales** | **Financial results, net** | **Financial results, net** | **Purchases** | **Purchases** | **Purchases** | **Purchases** | **Other operating income (expenses)** | **Other operating income (expenses)** | **Other operating income (expenses)** | **Other operating income (expenses)** |
|  | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** |
|  | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** | **Apr - jun** | **Jan - Jun** |
| &nbsp;&nbsp;&nbsp;Marfrig Global Foods S.A. | **20930** | **40874** | &nbsp;&nbsp;&nbsp;&nbsp;18304 | &nbsp;&nbsp;&nbsp;&nbsp;33510 | **975** | **5731** | **(227964)** | **(339015)** | (202494) | (276299) | **5981** | **12682** | 1410 | 2589 |
| &nbsp;&nbsp;&nbsp;Marfrig Chile S.A. | **6196** | **10281** | 4372 | &nbsp;&nbsp;&nbsp;&nbsp;11452 | **-** | **-** | **(38)** | **(38)** | (270) | (652) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;Quickfood S.A. | **44527** | **83657** | &nbsp;&nbsp;&nbsp;&nbsp;17031 | &nbsp;&nbsp;&nbsp;&nbsp;43433 | **-** | **-** | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;Dicasold S.A. | **23885** | **46950** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** | **-** | **-** |  |  | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;Weston Importers Ltd. | **1405** | **2279** | 1288 | 1839 | **-** | **-** | **(87405)** | **(123295)** | &nbsp;&nbsp;&nbsp;&nbsp;(85164) | (115252) | **-** | **-** |  |  |
| &nbsp;&nbsp;&nbsp;MFG Agropecuária Ltda. | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** | **-** | **-** |  |  | **219** | **306** |  |  |
| &nbsp;&nbsp;&nbsp;Agropecuária Jacarezinho | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** | **-** | **-** |  |  | **98** | **142** | (54) |  |
| &nbsp;&nbsp;&nbsp;Fazenda São Marcelo | **-** | **-** | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | **-** | **-** | **-** | **-** |  |  | **101** | **142** | (54) |  |
| &nbsp;&nbsp;&nbsp;Pampeano Alimentos S.A. | **3726** | **4786** | 249 | 249 | **-** | **-** | **(1546)** | **(2500)** | (677) | (1093) | **-** | **-** |  |  |
| **Total** | **100669** | **188827** | &nbsp;&nbsp;&nbsp;&nbsp;41244 | &nbsp;&nbsp;&nbsp;&nbsp;90483 | **975** | **5731** | **(316953)** | **(464848)** | (288605) | (393296) | **6399** | **13272** | 1302 | 2589 |

---

The Company enters into loan agreements between its controlled subsidiaries to comply with its cash management strategy, respecting market conditions. As of June 30, 2025, the balance of these transactions was R$741,697 (R$1,099,857 as of December 31, 2024).

The Company made contributions related to the post-employment benefit plans of its employees to BRF Previdência, which manages such plans (note 19). Additionally, the Company leased properties owned by BRF Previdência, and for the six-month period ended June 30, 2025, the total amount of lease payments was R$11,475 (R$11,606 for the same period of the previous year), and for the three-month period ended June 30, 2025, it was R$5,733 (R$5,737 for the same period of the previous year).

The Company maintains other transactions with related parties resulting from guarantees, transferences and donations to related associations and institutes, as well as leasing and other commercial transactions with related people and entities. Such transactions are compliant with the Related Party Transactions Policy and are not relevant, individually or in aggregate.

28.1 Management remuneration

The total remuneration and benefits expenses with board members, statutory directors and the head of internal audit are set forth below:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** | **Parent Company and Consolidated** |
|  | **2025** | **2025** | **2024** | **2024** |
|  | **Apr - jun** | **Jan - jun** | **Apr - jun** | **Jan - jun** |
| Salary and profit sharing | **24794** | **46156** | 37176 | 52580 |
| Short-term benefits (1) | **92** | **159** | 49 | 89 |
| Private pension | **249** | **468** | &nbsp;&nbsp;&nbsp;&nbsp;198 | 384 |
| Termination benefits | **580** | **1321** | &nbsp;&nbsp;&nbsp;&nbsp;1027 | 2054 |
| Share-based payment | **7258** | **9233** | &nbsp;&nbsp;&nbsp;&nbsp;9423 | 13938 |
|  | **32973** | **57337** | 47873 | 69045 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Comprises: medical assistance, educational expenses and others.

Additionally, the executive officers (non-statutory) received, among remuneration and benefits, a total of R$10,111 for the six-month period ended June 30, 2025 (R$10,264 for the same period of the previous year), and R$6,087 for the three-month period ended June 30, 2025 (R$6,735 for the same period of the previous year).

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;29. Commitments

In the normal course of its business, the Company enters into long-term agreements with third parties, which mainly include the acquisition of secondary materials, energy inputs, storage and industrialization services, among others to support its activities. In these agreements, the agreed prices may be fixed or to be fixed. These agreements contain termination clauses for non-compliance with essential obligations, and generally, the minimum contractually agreed is purchased, and for this reason, there are no liabilities recorded in addition to the amount that is recognized on an accrual basis. On June 30, 2025, firm purchase commitments totaled R$4,515,747 in the Parent Company and R$4,921,856 in the Consolidated (R$4,164,738 in the Parent Company and R$4,523,501 in the Consolidated on December 31, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;30. Transactions that do not involve cash

The following transactions did not involve cash or cash equivalents during the period ended June 30, 2025:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Capitalized loan interest: for the six-month period
ended June 30, 2025, amounted to R$31,381 in the Parent Company and R$31,722 in the Consolidated (R$18,320 in the Parent Company and R$19,246
in the Consolidated for the same period of the previous year), and for the three-month period ended June 30, 2025, amounted to R$20,409
in the Parent Company and R$20,506 in the Consolidated (R$8,884 in the Parent Company and R$9,423 in the Consolidated for the same period
of the previous year).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Addition of lease by right-of-use assets and respective
lease liability: for the six-month period ended June 30, 2025, amounted to R$480,152 in the Parent Company and R$543,972 in the Consolidated
(R$520,980 in the Parent Company and R$751,484 in the Consolidated for the same period of the previous year), and for the three-month
period ended June 30, 2025, amounted to R$188,425 in the Parent Company and R$211,316 in the Consolidated (R$210,294 in the Parent Company
and R$264,756 in the Consolidated for the same period of the previous year).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Reclassification of PIS and COFINS on property, plant
and equipment: R$219,884 for the six-month period ended June 30, 2025 in the Parent Company and in the Consolidated (note 9).

&nbsp;&nbsp;&nbsp;&nbsp;31. Events after the reporting period

The events after the reporting period related to the AFAC at Gelprime and the approval of the share incorporation transaction by the Extraordinary General Meeting (EGM) are disclosed in Notes 1.5 and 1.7, respectively

31.1 Issuance of debentures

On August 4, 2025, the Company settled its sixth issuance of simple, non-convertible into shares, unsecured debentures, in five series for private placement, in the total amount of R$2,000,000.

The debentures were subject to Private Placement with ECO Securitizadora de Direitos Creditórios do Agronegócio S.A. ("Securitization Company"), in the context of its 403<sup>rd</sup> issuance of agribusiness receivables certificates, in four series, backed by agribusiness credit rights arising from the debentures, for public distribution.

Issuances costs of R$76,150 are recognized in the Statement of Income over the term of the debt, according to the effective interest rate method.

31.2 Tariff Policy – United States of America

The Company has assessed the new tariff rules implemented by the government of the United States of America and concluded that, within the scope of its operations, no impacts were identified up to the date of approval of these Interim Financial Information.

---

| | |
|:---|:---|
| ![](image_087.jpg) | Interim Financial Information, Individual and Consolidated \| **June 30, 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;32. Approval of the Financial Statements

The financial statements were approved and the issuance authorized by the Board of Directors on August 14, 2025.

---

| | |
|:---|:---|
| **BOARD OF DIRECTORS** |  |
| Global President Office (Non-Independent) | Marcos Antonio Molina dos Santos |
| Vice-Chairman (Non-Independent) | Márcia Aparecida Pascoal Marçal dos Santos |
| Non-Independent Member | Marcos Fernando Marçal dos Santos |
| Non-Independent Member | Márcio Hamilton Ferreira |
| Independent Member | Eduardo Augusto Rocha Pocetti |
| Non-Independent Member | Sérgio Agapito Lires Rial |
| Independent Member | Pedro de Camargo Neto |
| Independent Member | Augusto Marques da Cruz Filho |
| Independent Member | Flavia Maria Bittencourt |
| **FISCAL COUNCIL** |  |
| Member | Antonio Mathias Nogueira Moreira |
| Member | Ricardo Florence dos Santos |
| Member | Alexandre Eduardo De Melo |
| **AUDIT AND INTEGRITY COMMITTEE** |  |
| Comittee Coordinator | Augusto Marques da Cruz Filho |
| Member | Eduardo Augusto Rocha Pocetti |
| External Member | Esmir Oliveira |
| **BOARD OF EXECUTIVE OFFICERS** |  |
| Global Chief Executive Officer | Miguel de Souza Gularte |
| Chief Financial and Investor Relations Officer | Fábio Luis Mendes Mariano |
| Director Vice-President of Industrial Operations and Logistics | Artemio Listoni |
| Director Vice-President of Agribusiness and Quality | Fabio Duarte Stumpf |
| Director Vice-President of Legal Brazil, Tax, People and Compliance | Heraldo Geres |
| Director Vice-President of International Markets and Planning | Leonardo Campo Dallorto |
| Director Vice-President of Brazil Commercial | Manoel Reinaldo Manzano Martins Junior |
| Director Vice-President of Marketing and New Business | Marcel Sacco |
| Marcos Roberto Badollato |  |
| Accounting Director - CRC 1SP219369/O-4 |  |

---

(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)

Independent auditor's report on review of interim financial information

Grant Thornton Auditores Independentes Ltda.<br> Av. Eng. Luiz Carlos Berrini, 105 - 12o andar Itaim Bibi, São Paulo (SP) Brasil<br> T +55 11 3886-5100<br> www.grantthornton.com.br <br>

To the Shareholders, Board of Directors and Management of

**BRF S.A.**

Itajaí – SC

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of BRF S.A. (the Company), comprised in the Quarterly Information Form for the quarter ended June 30, 2025, comprising the balance sheet as of June 30, 2025 and the respective statements of income and comprehensive income for the periods of three and six months then ended, and changes in shareholders' equity and cash flows for the period of six months then ended, including the explanatory notes.

Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with NBC TG 21 – Interim Financial Reporting and with the international standard IAS 34 – Interim Financial Reporting, as issued by the International Accounting Standards Board (Iasb), such as for the presentation of these information in accordance with the standards issued by the Brazilian Securities and Exchange Commission, applicable to the preparation of interim financial information. Our responsibility is to express a conclusion on this interim financial information based on our review.

Review scope

We conducted our review in accordance with the Brazilian and International standards on reviews of interim information (NBC TR 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). The review of interim information consists of making inquiries, primarily of persons responsible for the financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

![](image_089.jpg)

Conclusion on the individual and consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the individual and consolidated interim financial information included in the quarterly information form referred to above has not been prepared, in all material respects, in accordance with NBC TG 21 and IAS 34 applicable to the preparation of interim financial information and presented in accordance with the standards issued by the Brazilian Securities and Exchange Commission.

Other matters

**Statements of value added**

The quarterly information referred to above includes the individual and consolidated statements of value added for the period of six months ended June 30, 2025, prepared under the responsibility of the Company's management and presented as supplementary information for the purposes of IAS 34. These statements were submitted to the same review procedures in conjunction with the review of the Company's interim financial information to conclude they are reconciliated to the interim financial information and to the accounting records, as applicable, and whether the structure and content are in accordance with the criteria established in the<br> NBC TG 09 – Statement of Value Added standard. Based on our review, nothing has come to our attention that causes us to believe that the accompanying statements of value added were not prepared, in all material respects, in accordance to the criteria defined in that standard and consistently in relation to the individual and consolidated interim financial information taken as a whole.

São Paulo, August 14, 2025

Grant Thornton Auditores Independentes Ltda.<br> CRC 2SP-025.583/O-1

Octavio Zampirollo Neto

Accountant CRC 1SP-289.095/O-3

**Opinion of the Audit and Integrity Committee**

The Audit and Integrity Committee of BRF S.A., in fulfilling its statutory and legal duties, examined the interim financial information (Parent Company and Consolidated) for the six-month period ended on June 30, 2025, the Management Report and the review report issued without modification by Grant Thornton Auditores Independentes Ltda.

There were no situations of significant divergence between the Company's Management, the independent auditors and the Audit Committee in relation to the Company's interim financial information.

Based on the documents reviewed and the explanations provided, the members of the Audit and Integrity Committee, undersigned, issued the opinion that the interim financial information are in a position to be approved.

São Paulo, August 14, 2025.

**Augusto Marques da Cruz Filho**

Coordinator

**Eduardo Augusto Rocha Pocetti**

Member

**Esmir de Oliveira**

Member

**Opinion of Executive Board on the Consolidated Financial Statements and Independent Auditor's Report**

In compliance with the dispositions of article 27, §1, sections V and VI, of the CVM Resolution Nº 80/22, the executive board of BRF S.A. states that:

&nbsp;&nbsp;&nbsp;&nbsp;(i) reviewed, discussed and agreed with the Company's interim financial
information for the fiscal for the six-month period ended on June 30, 2025, and

&nbsp;&nbsp;&nbsp;&nbsp;(ii) reviewed, discussed and agreed with the opinions expressed in the audit
report issued by Grant Thornton Auditores Independentes Ltda. for the six-month period ended on June 30, 2025.

São Paulo, August 14, 2025.

**Miguel de Souza Gularte**

Global Chief Executive Officer

**Fábio Luis Mendes Mariano**

Chief Financial and Investor Relations Officer

**Artemio Listoni**

Director Vice-President of Industrial Operations and Logistics

**Fabio Duarte Stumpf**

Director Vice-President of Agribusiness and Quality

**Heraldo Geres**

Director Vice-President of Legal Brazil, Tax, People and Compliance

**Leonardo Campo Dallorto**

Director Vice-President of International Markets and Planning

**Manoel Reinaldo Manzano Martins Junior**

Director Vice-President of Brazil Commercial

**Marcel Sacco**

Director Vice-President of Marketing and New Business