6-K
Lavoro Ltd (LVROF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2025
Commission File Number: 001-41635
Lavoro Limited
(Exact name of registrant as specified in its charter)
Av. Dr. Cardoso de Melo, 1450, 4th floor, office 401 São Paulo - SP, 04548-005, Brazil +55 (11) 4280-0709
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | X | Form 40-F |
|---|
EXHIBITS
| EXHIBIT | |
|---|---|
| 99.1 | Lavoro Limited Interim Balance Sheet and Income Statement as of December 31, 2024 |
SIGNATURE
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.
| Lavoro Limited | ||
|---|---|---|
| By: | /s/ Julian Garrido Del Val Neto | |
| Name: | Julian Garrido Del Val Neto | |
| Title: | Chief Financial Officer |
Date: December 29, 2025
Exhibit 99.1
Consolidated Statements of Financial Position
As of December 31, 2024
(In thousands of Brazilian reais - R$)
| December 31, 2024 | June 30, 2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash equivalents | 279,556 | 911,335 |
| Restricted cash | 278,197 | 168,862 |
| Trade receivables | 3,991,803 | 2,769,757 |
| Inventories | 1,543,872 | 1,780,247 |
| Taxes recoverable | 133,340 | 103,792 |
| Derivative financial instruments | 57,557 | 47,677 |
| Commodity forward contracts | 406,391 | 137,660 |
| Advances to suppliers | 266,234 | 246,653 |
| Other assets | 59,791 | 49,141 |
| Total current assets | 7,016,741 | 6,215,124 |
| Non-current assets | ||
| Trade receivables | 76,733 | 56,042 |
| Other assets | 8,531 | 9,067 |
| Commodity forward contracts | - | 3,000 |
| Judicial deposits | 11,837 | 10,520 |
| Right-of-use assets | 172,361 | 202,222 |
| Taxes recoverable | 275,018 | 299,228 |
| Deferred tax assets | 274,993 | 340,909 |
| Investments | 7,128 | 4,486 |
| Property, plant and equipment | 246,543 | 236,781 |
| Intangible assets | 114,890 | 971,345 |
| Total non-current assets | 1,188,034 | 2,133,600 |
| Total assets | 8,204,775 | 8,348,724 |
Consolidated Statements of Financial Position
As of December 31, 2024
(In thousands of Brazilian reais - R$)
| December 31, 2024 | June 30, 2024 | |
|---|---|---|
| Liabilities | ||
| Current liabilities | ||
| Trade payables | 4,056,177 | 3,844,541 |
| Lease liabilities | 94,967 | 96,222 |
| Borrowings | 1,279,680 | 1,190,961 |
| Agribusiness Receivables Certificates | 1,279 | 918 |
| Obligations to FIAGRO quota holders | 799,946 | 205,088 |
| Related party obligations | 278,918 | - |
| Payables for the acquisition of subsidiaries | 146,361 | 179,309 |
| Derivative financial instruments | 136,639 | 75,017 |
| Commodity forward contracts | 353,205 | 65,641 |
| Salaries and social charges | 156,869 | 174,665 |
| Taxes payable | 77,219 | 41,612 |
| Dividends payable | 5,512 | 6,397 |
| Warrant liabilities | 8,155 | 22,421 |
| Liability for FPA Shares | 191,372 | 168,862 |
| Advances from customers | 198,867 | 235,037 |
| Other liabilities | 70,249 | 66,495 |
| Total current liabilities | 7,855,415 | 6,373,186 |
| Non-current liabilities | ||
| Trade payables | 112 | 592 |
| Lease liabilities | 92,786 | 120,524 |
| Borrowings | 16,889 | 34,609 |
| Agribusiness Receivables Certificates | 406,840 | 404,647 |
| Commodity forward contracts | - | 316 |
| Payables for the acquisition of subsidiaries | 16,191 | 26,933 |
| Provision for contingencies | 16,805 | 14,002 |
| Other liabilities | 589 | 590 |
| Taxes payable | 2,045 | 1,886 |
| Deferred tax liabilities | 23,103 | 12,424 |
| Total non-current liabilities | 575,360 | 616,523 |
| Equity | ||
| Share Capital | 591 | 591 |
| Additional Paid-in Capital | 2,112,517 | 2,109,561 |
| Capital reserve | 30,180 | 30,180 |
| Other comprehensive loss | 24,838 | 5,444 |
| Accumulated losses | (2,520,363) | (1,023,165) |
| Equity attributable to shareholders of the Parent Company | (352,237) | 1,122,611 |
| Non-controlling interest | 126,237 | 236,404 |
| Total equity | (226,000) | 1,359,015 |
| Total liabilities and equity | 8,204,775 | 8,348,724 |
Consolidated Statements of Profit and or Loss
As of December 31, 2024
(In thousands of Brazilian reais - R$)
| Six-month period ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | 4,368,242 | 5,431,858 |
| Cost of goods sold | (3,680,867) | (4,627,991) |
| Gross profit | 687,375 | 803,867 |
| Operating expenses | ||
| Sales, general and administrative expenses | (1,714,442) | (700,358) |
| Other operating income (expenses), net | 21,782 | 21,912 |
| Equity results and other results from subsidiaries | 7,873 | (1,753) |
| Operating profit | (997,412) | 123,668 |
| Finance Income (costs) | ||
| Finance income | 161,133 | 197,298 |
| Finance costs | (548,981) | (514,235) |
| Other financial income (costs) | (108,240) | 3,288 |
| Profit (loss) before income taxes | (1,493,500) | (189,981) |
| Income taxes | ||
| Current | (38,342) | 31,949 |
| Deferred | (77,080) | 96,216 |
| Profit (loss) for the year | (1,608,922) | (61,816) |
| Attributable to: | ||
| Equity holders of the parent | (1,497,198) | (81,548) |
| Non-controlling interests | (111,724) | 19,732 |