Increased Production in Farming Business
Total production in the farming business reported a 12% year-over-year increase, driven by a higher planted area and record productivity in rice operations.
Record Rice Yield
Implementation of new technologies resulted in an average yield of 8 tons per hectare in rice, a new record for this business.
Innovative Bitcoin Mining Initiative
Signed a Memorandum of Understanding with Tether to explore using a portion of energy production for Bitcoin mining, indicating a potential new revenue stream.
Strong Ethanol Sales and Pricing
Sold 320,000 cubic meters of ethanol at an average net selling price 18% higher year-over-year, capitalizing on price recovery and clearing storage capacity.
Successful Debt Management
Issued a $500 million bond with a 7.5% coupon, extending average debt life from 2.5 to 4.5 years, improving debt maturity anticipation.