Flash | Gabriel BarraAC 16 Aug 2026 20:45:02 ET │ 11 pages Boa Safra (SOJA3.SA) 2Q26 Results: Signs of better full year ahead CITI'S TAKE Boa Safra reported 2Q26 net revenues of R$125mn (+23%YoY) and Adjusted EBITDA of R$28mn (+504%YoY), beating our estimates and FactSet consensus. The better performance reflects a robust gross profit of R$70mn (+83%YoY) with gross margin expanding to 56% (+18p.p.YoY) on favorable costs and revenue diversification, as other crops and services reached 66% of total sales in t ...