Overview
- IndustryRetail-Miscellaneous Retail1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business addressAvenida Dr. Cardoso De Melo, 1450, 4Th Floor, Office 401, Sao Paulo, 045480053
- Filer categoryAccelerated filer3
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The Registrant is an exempted company incorporated with limited liability in the Cayman Islands on August 25, 2022. The Registrant owns no material assets other than its direct equity interests in its wholly-owned subsidiaries, Second Merger Sub and Lavoro Agro Limited. In addition, the Registrant does not operate any business other than through its subsidiaries.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue76¢8.1B BRL
- Selling, general and admin13¢1.4B BRL
- Interest11¢1.1B BRL
- Income tax0¢25.6M BRL
Out of 9.4B BRL in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024
- Capital spending69¢114.4M BRL
- Dividends paid2¢4.1M BRL
- Kept or used elsewhere29¢47.3M BRL
Out of 165.8M BRL of cash from operations.2
Financial statements
No quarterly figures reported.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 5.1B BRL5 | 7.7B BRL2 | 9.3B BRL2 | 9.4B BRL2 | |
| Cost of revenue | 6.4B BRL2 | 7.6B BRL2 | 8.1B BRL2 | ||
| Gross profit | 735.9M BRL5 | 1.3B BRL2 | 1.7B BRL2 | 1.3B BRL2 | |
| Selling, general and admin | 1.0B BRL2 | 1.2B BRL2 | 1.4B BRL2 | ||
| Operating income | 132.0M BRL5 | 359.9M BRL2 | 226.9M BRL2 | 11.9M BRL2 | |
| Interest | 618.1M BRL2 | 875.0M BRL2 | 1.1B BRL2 | ||
| Income before tax | 140.4M BRL2 | -390.9M BRL2 | -810.6M BRL2 | ||
| Income tax | 32.7M BRL2 | -172.3M BRL2 | -25.6M BRL2 | ||
| Net income | 21.5M BRL5 | 107.8M BRL2 | -218.7M BRL2 | -785.0M BRL2 | |
| Earnings per share | 0 BRL/shares5 | 1 BRL/shares2 | -2 BRL/shares2 | -7 BRL/shares2 | |
| Earnings per share (diluted) | 0 BRL/shares5 | 1 BRL/shares2 | -2 BRL/shares2 | -7 BRL/shares2 | |
| Shares (weighted, basic) | 113.6M shares2 | 113.6M shares2 | 113.6M shares2 | ||
| Shares (weighted, diluted) | 113.6M shares2 | 115.2M shares2 | 117.1M shares2 |
No quarterly figures reported.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Cash | 158.5M BRL5 | 459.5M BRL2 | 254.4M BRL2 | 564.3M BRL2 | 911.3M BRL2 |
| Inventory | 1.7B BRL5 | 1.9B BRL2 | 1.8B BRL2 | ||
| Current assets | 4.4B BRL5 | 5.5B BRL2 | 6.2B BRL2 | ||
| Property, plant and equipment | 146.2M BRL5 | 196.6M BRL2 | 236.8M BRL2 | ||
| Total assets | 5.7B BRL5 | 7.5B BRL2 | 8.3B BRL2 | ||
| Short-term debt | 681.2M BRL5 | 922.6M BRL2 | 1.2B BRL2 | ||
| Current liabilities | 3.8B BRL5 | 5.1B BRL2 | 6.4B BRL2 | ||
| Long-term debt | 29.3M BRL5 | 42.8M BRL2 | 34.6M BRL2 | ||
| Long-term liabilities | 179.7M BRL5 | 359.2M BRL2 | 616.5M BRL2 | ||
| Retained earnings | -260.7M BRL2 | -1.0B BRL2 | |||
| Shareholders’ equity | 2.1B BRL2 | 1.4B BRL2 | |||
| Shares outstanding | 116.6M shares5 | 116.6M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Cash from operations | 51.0M BRL5 | -259.5M BRL2 | 108.1M BRL2 | 165.8M BRL2 | |
| Depreciation and amortization | 145.5M BRL2 | 167.5M BRL2 | 180.0M BRL2 | ||
| Capital spending | 34.9M BRL5 | 47.7M BRL2 | 65.4M BRL2 | 114.4M BRL2 | |
| Free cash flow | 16.1M BRL | -307.2M BRL | 42.7M BRL | 51.3M BRL | |
| Cash from investing | -244.7M BRL2 | -220.7M BRL2 | -318.3M BRL2 | ||
| Dividends paid | 139.5M BRL2 | 2.3M BRL2 | 4.1M BRL2 | ||
| Cash from financing | 299.1M BRL2 | 448.7M BRL2 | 489.5M BRL2 |
Corporate structure
Lavoro Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Lavoro Ltd
- Patria Investments Ltd Filed SC 13G on Lavoro Ltd, latest Feb 14, 2024
- TPB Acquisition Sponsor I, LLC Filed SC 13D on Lavoro Ltd, latest Mar 10, 2023
- Lavoro Ltd E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Lavoro Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | 236.8M BRL2 Jun 30, 2024 | 196.6M BRL2 Jun 30, 2023 | +20.4% |
| Operating-lease assets (leased space) | 202.2M BRL2 Jun 30, 2024 | 173.7M BRL2 Jun 30, 2023 | +16.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | 911.3M BRL2 Jun 30, 2024 | 564.3M BRL2 Jun 30, 2023 | +61.5% |
Inventory
Filings
96 filings to the SEC since October 2021: 4 annual reports, 2 large holders, 90 other. The latest 20:
- Mar 6, 202615-12G EDGAR
- Feb 26, 2026EFFECT EDGAR
- Feb 25, 2026POS AM EDGAR
- Feb 25, 2026S-8 POS EDGAR
- Feb 24, 202625 EDGAR
- Feb 13, 20266-K EDGAR
- Dec 30, 202520-F EDGAR
- Dec 30, 20256-K EDGAR
- Dec 19, 20256-K EDGAR
- Nov 26, 20256-K EDGAR
- Nov 24, 20256-K EDGAR
- Nov 5, 20256-K EDGAR
- Nov 3, 2025NT 20-F EDGAR
- Sep 9, 20256-K EDGAR
- Jul 14, 20256-K EDGAR
- Jun 27, 20256-K EDGAR
- Jun 18, 20256-K EDGAR
- Jun 2, 20256-K EDGAR
- Feb 3, 20256-K EDGAR
- Feb 3, 20256-K EDGAR
The 96 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Patria Investments LtdSC 13G, 1 filing Feb 14, 20246
- TPB Acquisition Sponsor I, LLCSC 13D, 1 filing Mar 10, 20237
SEC filer profile
How Lavoro Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARLavoro Ltd1
- CIK0001945711
- Filer statusAccelerated filer not an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsJune 301
- Industry code (SIC)5900 Retail-Miscellaneous Retail1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business addressAvenida Dr. Cardoso De Melo, 1450, 4Th Floor, Office 401, Sao Paulo, Sao Palo 04548005, Brazil1
- Phone55 11 4280-07091
- Shares outstanding114,585,757 shares as of Jun 30, 20254
- AuditorERNST & YOUNG, São Paulo, Brazil PCAOB ID 1448; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceSep 15, 20221
- Filings110 in all: 6-K (49), 425 (14), CORRESP (7), UPLOAD (6), EFFECT (5), 20-F (4), F-4/A (4), 424B3 (3)1
All 24 form types
NT 20-F (2), POS AM (2), 15-12G (1), 25 (1), 424B4 (1), 8-A12B (1), CERT (1), F-1 (1), F-1/A (1), F-3 (1), F-3/A (1), F-4 (1), S-8 (1), S-8 POS (1), SC 13D (1), SC 13G (1)
- Latest filingsAnnual report (20-F) Dec 30, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A ordinary shares, par value $0.001 per share | LVRO | The Nasdaq Stock Market LLC |
| Warrants to purchase Class A ordinary shares, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share | LVROW | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed Dec 30, 2025 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARLavoro Ltd filings on SEC EDGAR
- 2SEC EDGARLavoro Ltd 10-K for fiscal 2024
- 3SEC EDGARLavoro Ltd filings on SEC EDGAR
- 4
- 5SEC EDGARLavoro Ltd 10-K for fiscal 2021
- 6
- 7