São Martinho S.A. announced consolidated earnings and production results for the second quarter and six months ended September 30, 2017. For the second quarter, the company reported net revenue of BRL 614,025,000 against BRL 724,447,000 a year ago. Operating profit before financial effects was BRL 90,629,000 against BRL 140,985,000 a year ago. Income before income and social contribution taxes was BRL 53,074,000 against BRL 83,542,000 a year ago. Net income was BRL 53,015,000 against BRL 68,913,000 a year ago. Adjusted EBITDA was BRL 390,843,000 against BRL 368,704,000 a year ago. Adjusted EBIT was BRL 206,193,000 against BRL 192,422,000 a year ago.

For the six months, the company reported net revenue of BRL 1,426,291,000 against BRL 1,365,885,000 a year ago. Operating profit before financial effects was BRL 290,827,000 against BRL 261,709,000 a year ago. Income before income and social contribution taxes was BRL 213,985,000 against BRL 130,094,000 a year ago. Net income was BRL 169,888,000 against BRL 108,582,000 a year ago. Net cash provided by operating activities was BRL 244,131,000 against BRL 155,619,000 a year ago. Additions to property, plant and equipment and intangible assets was BRL 75,233,000 against BRL 75,792,000 a year ago. Additions to biological assets (planting and crop treatment) was BRL 318,691,000 against BRL 276,161,000 a year ago. Adjusted EBITDA was BRL 866,183,000 against BRL 702,454,000 a year ago. Adjusted EBIT was BRL 479,386,000 against BRL 369,124,000 a year ago. In September, net debt was BRL 2.8 billion.

For the six months, the company reported total TRS production of 2,574 against 2,135 a year ago.

For the full year 2018, the company revises production guidance of total TRS 3,092 compared to 2,977 previous guidance.