BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Q1 2023 Earnings Conference Call November 9, 2022 12:00 PM ET
Company Participants
Ana Ribeiro - Investor Relations Manager
Andre Guillaumon - Chairman and Chief Executive Officer
Gustavo Lopez - Chief Financial Officer
Conference Call Participants
Pedro Fonseca - XP Inc.
Henrique Brustolin - BTG
Ana Ribeiro
Good afternoon to all. We're here once again for the earnings of BrasilAgro Q1 2022-2023. Just to clarify for those who are beginning to follow us that fiscal year goes from June to June every year. So today, we will be talking about the first 3 months of the harvest '22-'23. I have here Mr. Andre Guillaumon, our CEO; and Gustavo Lopez, our CFO. Okay, you have the floor, Andre.
Before that, I'd like to mention concerning Q&A. [Operator Instructions]
Okay, Andre, have the floor.
Andre Guillaumon
Thank you, Ana. Thank you, Gustavo. And I would like to thank all the participants who are always with us following the results of the company, believing in the company. So this is Q1. We hope this year will be more calm than the previous two with pandemic restrictions, higher costs. It’s a year that is, we are seeing this year as very positive for Agro in Brazil. And as Ana said, it’s our first quarter. As I always say, while there's a lot to see, but we already see some trends, and we will clarify this during our chat today. So as always, feel free to ask questions, to participate this forum. We wanted to have participation.
Okay, let's go to the presentation. This is the first highlight, the first slide. And as always, we have the highlights. We have financial highlights, operational and real estate.
In terms of finance, the company closes the quarter were BRL 299.8 million, net profit BRL 42 million, adjusted EBITDA BRL 107 million. Later on, we will give you more details. We know that last year, we had spectacular results.
In terms of operations, 1.7 million tons of sugarcane. We began planting soybean. We have 38% of soybean is already planted, especially in Mato Grosso and Goias. The climate has been stable. And in terms of real estate, like we say, our companies in the market, we're buying and selling all the time, identifying business opportunities that will bring profitability for our investor.
So in this quarter, we'd like -- we had two movements. And so we had a purchase and a sale. We purchased Fazenda Panamby. Later on, we will give you more details. And yesterday night, we announced the first sale, a fraction of our operation in Paraguay.