SLC Agrícola achieved a record 364,000 tons of cotton revenue in 2024 and announced its acquisition of minority shareholders' stakes in SLC Landco for R$ 524.8 million to enhance operational flexibility and expand agricultural operations.

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On March 12, SLC Agrícola announced its financial results for the fourth quarter and the complete year of 2024 to the financial market. The company achieved a record in cotton revenue, shipping 364,000 tons, which is a 52% increase compared to 2023. Additionally, the company reported a net profit of R$ 482 million, with a net margin of 7%. Key figures from the company, including CEO Aurélio Pavinato, CFO Ivo Brum, and Finance Manager Rodrigo Gelain, participated in a video conference to discuss these results.

Throughout the year, SLC Agrícola expanded its potential planting area by an additional 60,000 hectares for the 2024/25 harvest. This expansion was attributed to the enlargement of the Joint Venture with Agro Penido (Fazenda Pioneira) as well as the establishment of another Joint Venture with Agropecuária Rica S/A (Fazenda Preciosa). They also negotiated a new land lease in Piauí, which is now part of Fazenda Parnaguá. The total planted area is expected to reach 731,000 hectares, marking a 10.6% increase from the 2023/24 harvest.

Industry Overview in Brazil

The agricultural sector in Brazil plays a pivotal role in the global agricultural market, recognized as one of the top producers of various crops, including cotton, soybeans, and corn. The Brazilian agribusiness has experienced sig