Lavoro Q2 Preliminary Unaudited Consolidated Revenue R$2.25B, Down 27% YoY; Preliminary Gross Profit Decreases 28% To R$366.9M

Impact of EJ Plan on 2Q25 Financial Disclosure and Guidance

Given the complexities associated with the EJ Plan, which impacted the completion of Lavoro's financial closing procedures, Lavoro is providing certain preliminary unaudited financial information relating to revenue and gross profit for the second quarter of fiscal 2025. Lavoro remains committed to transparency and expects to provide full financial results upon completion of these procedures.

As a result of these dynamics, the Company has determined it is prudent to withdraw its previously issued fiscal 2025 financial outlook at this time.

2Q25 Preliminary Unaudited Revenue and Gross Profit Financial Information

• 2Q25 preliminary unaudited consolidated revenue was R$2.25 billion, a decrease of 27% year-over-year (y/y), primarily due to inventory shortages in Brazil Ag Retail which led to booking cancellations and indirectly impacted Crop Care revenue as well. In USD terms, revenue decreased 38% y/y to $384.4 million, including a 15% depreciation of the Brazilian real (BRL) relative to the prior year period.
• 2Q25 preliminary unaudited consolidated gross profit decreased 28% to R$366.9 million, with gross margins contracting 40 bps to 16.3%, driven primarily by lower distribution margins in Brazil Ag Retail and adverse product mix effect in Crop Care. In USD terms, gross profit decreased by 39% to $62.8 million.