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Segment information (Tables)

9 Months Ended

Sep. 30, 2025

Disclosure of operating segments [abstract]

Schedule of Operating Segments

Segment reconciliation for the nine-month period ended

September 30, 2025 (unaudited)			Crops																		Rice																		Dairy
			Total segment reporting						Adjustment						Total as per statement of income						Total segment reporting						Adjustment						Total as per statement of income						Total segment reporting						Adjustment						Total as per statement of income
Revenue			180,839						(9,273)						171,566						174,654						(4,060)						170,594						223,594						(13,848)						209,746
Cost of revenue			(175,834)						9,323						(166,511)						(149,854)						3,401						(146,453)						(194,199)						12,122						(182,077)
Initial recognition and changes in fair value of biological assets and agricultural produce			(6,561)						284						(6,277)						15,602						(1,025)						14,577						21,400						(1,837)						19,563
Changes in net realizable value of agricultural produce after harvest			8,726						(523)						8,203						(16)						16						—						(2)						2						—
Margin on manufacturing and agricultural activities before operating expenses			7,170						(189)						6,981						40,386						(1,668)						38,718						50,793						(3,561)						47,232
General and administrative expenses			(16,257)						1,364						(14,893)						(14,544)						1,162						(13,382)						(11,314)						798						(10,516)
Selling expenses			(14,447)						968						(13,479)						(25,703)						1,529						(24,174)						(26,032)						1,691						(24,341)
Other operating (expense) / income, net			1,143						(73)						1,070						4,673						376						5,049						(49)						(4)						(53)
Profit / (loss) from operations			(22,391)						2,070						(20,321)						4,812						1,399						6,211						13,398						(1,076)						12,322
Depreciation of Property, plant and equipment and amortization of Intangible assets			(4,252)						315						(3,937)						(12,058)						835						(11,223)						(10,185)						798						(9,387)
Net gain from Fair value adjustment of Investment property			—						—						—						3,122						492						3,614						—						—						—

September 30, 2025 (unaudited)			Corporate																		Total
			Total segment reporting						Adjustment						Total as per statement of income						Total segment reporting						Adjustment						Total as per statement of income
Revenue			—						—						—						1,038,979						(27,181)						1,011,798
Cost of revenue			—						—						—						(866,264)						24,846						(841,418)
Initial recognition and changes in fair value of biological assets and agricultural produce			—						—						—						80,057						(2,578)						77,479
Changes in net realizable value of agricultural produce after harvest			—						—						—						8,099						(505)						7,594
Margin on manufacturing and agricultural activities before operating expenses			—						—						—						260,871						(5,418)						255,453
General and administrative expenses			(31,901)						2,033						(29,868)						(95,371)						5,357						(90,014)
Selling expenses			(362)						18						(344)						(115,522)						4,206						(111,316)
Other operating (expense) / income, net			(238)						7						(231)						11,757						306						12,063
Profit / (loss) from operations			(32,501)						2,058						(30,443)						61,735						4,451						66,186
Depreciation of Property, plant and equipment and amortization of Intangible assets			(1,262)						98						(1,164)						(147,758)						2,046						(145,712)
Net gain from Fair value adjustment of Investment property			—						—						—						3,122						492						3,614

Segment reconciliation for the nine-month period ended

September 30,2024 (unaudited)			Crops																		Rice																		Dairy
			Total segment reporting						Adjustment						Total as per statement of income						Total segment reporting						Adjustment						Total as per statement of income						Total segment reporting						Adjustment						Total as per statement of income
Revenue			175,065						11,050						186,115						199,035						10,904						209,939						209,248						14,734						223,982
Cost of revenue			(159,224)						(10,566)						(169,790)						(157,478)						(9,038)						(166,516)						(174,854)						(11,506)						(186,360)
Initial recognition and changes in fair value of biological assets and agricultural produce			28,954						4,230						33,184						31,927						7,187						39,114						6,661						812						7,473
Changes in net realizable value of agricultural produce after harvest			(17,583)						(2,410)						(19,993)						—						—						—						—						—						—
Margin on manufacturing and agricultural activities before operating expenses			27,212						2,304						29,516						73,484						9,053						82,537						41,055						4,040						45,095
General and administrative expenses			(16,195)						(1,185)						(17,380)						(11,391)						(1,183)						(12,574)						(8,271)						(784)						(9,055)
Selling expenses			(13,206)						(871)						(14,077)						(24,506)						(1,493)						(25,999)						(19,188)						(1,646)						(20,834)
Other operating (expense) / income, net			(5,358)						386						(4,972)						(14,327)						(3,963)						(18,290)						3,450						469						3,919
Profit / (loss) from operations			(7,547)						634						(6,913)						23,260						2,414						25,674						17,046						2,079						19,125
Depreciation of Property, plant and equipment and amortization of Intangible assets			(6,061)						(474)						(6,535)						(10,539)						(994)						(11,533)						(8,458)						(883)						(9,341)
Net loss from Fair value adjustment of Investment property			(588)						(40)						(628)						(17,600)						(4,256)						(21,856)						—						—						—
Impairment of assets destroyed by fire			(14,162)						(126)						(14,036)						—						—						—						—						—						—

September 30,2024 (unaudited)															Corporate																		Total
																																							Total segment reporting						Adjustment						Total as per statement of income						Total segment reporting						Adjustment						Total as per statement of income
Revenue																																							—						—						—						1,107,999						36,688						1,144,687
Cost of revenue																																							—						—						—						(869,700)						(31,110)						(900,810)
Initial recognition and changes in fair value of biological assets and agricultural produce																																							—						—						—						109,073						12,229						121,302
Changes in net realizable value of agricultural produce after harvest																																							—						—						—						(17,043)						(2,410)						(19,453)
Margin on manufacturing and agricultural activities before operating expenses																																							—						—						—						330,329						15,397						345,726
General and administrative expenses																																							(19,754)						(1,831)						(21,585)						(73,975)						(4,983)						(78,958)
Selling expenses																																							1,314						(31)						1,283						(111,470)						(4,041)						(115,511)
Other operating (expense) / income, net																																							272						6						278						(13,403)						(3,102)						(16,505)
Profit / (loss) from operations																																							(18,168)						(1,856)						(20,024)						131,481						3,271						134,752
Depreciation of Property, plant and equipment and amortization of Intangible assets																																							(1,117)						(107)						(1,224)						(168,156)						(2,458)						(170,614)
Net loss from Fair value adjustment of Investment property																																							—						—						—						(18,188)						(4,296)						(22,484)
Imperment of assets destroyed by fire																																							—						—						—						(14,162)						126						(14,036)

Segment analysis for the nine-month period ended September 30, 2025 (unaudited)

			Farming																								Sugar, Ethanol and Energy						Corporate						Total
			Crops						Rice						Dairy						Farming subtotal
Revenue			180,839						174,654						223,594						579,087						459,892						—						1,038,979
Cost of revenue			(175,834)						(149,854)						(194,199)						(519,887)						(346,377)						—						(866,264)
Initial recognition and changes in fair value of biological assets and agricultural produce			(6,561)						15,602						21,400						30,441						49,616						—						80,057
Changes in net realizable value of agricultural produce after harvest			8,726						(16)						(2)						8,708						(609)						—						8,099
Margin on manufacturing and agricultural activities before operating expenses			7,170						40,386						50,793						98,349						162,522						—						260,871
General and administrative expenses			(16,257)						(14,544)						(11,314)						(42,115)						(21,355)						(31,901)						(95,371)
Selling expenses			(14,447)						(25,703)						(26,032)						(66,182)						(48,978)						(362)						(115,522)
Other operating (expense) / income, net			1,143						4,673						(49)						5,767						6,228						(238)						11,757
Profit / (loss) from operations			(22,391)						4,812						13,398						(4,181)						98,417						(32,501)						61,735
Depreciation of Property, plant and equipment and amortization of Intangible assets			(4,252)						(12,058)						(10,185)						(26,495)						(120,001)						(1,262)						(147,758)
Net gain from Fair value adjustment of Investment property			—						3,122						—						3,122						—						—						3,122
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized)			(1,529)						7,868						(14,540)						(8,201)						25,863						—						17,662
Initial recognition and changes in fair value of biological assets and agricultural produce (realized)			(5,032)						7,734						35,940						38,642						23,753						—						62,395
Changes in net realizable value of agricultural produce after harvest (unrealized)			8,372						—						—						8,372						—						—						8,372
Changes in net realizable value of agricultural produce after harvest (realized)			354						(16)						(2)						336						(609)						—						(273)
As of September 30, 2025:
Farmlands and farmland improvements, net			446,887						182,251						2,534						631,672						88,896						—						720,568
Machinery, equipment, building and facilities, and other fixed assets, net			36,906						100,148						126,746						263,800						235,182						—						498,982
Bearer plants, net			1,204						—						—						1,204						410,473						—						411,677
Work in progress			2,551						15,976						8,781						27,308						23,066						—						50,374
Right of use asset			15,585						9,967						647						26,199						374,083						589						400,871
Investment property			—						34,208						—						34,208						—						—						34,208
Goodwill			9,483						5,763						—						15,246						4,106						—						19,352
Biological assets			39,161						47,031						41,493						127,685						107,022						—						234,707
Finished goods			60,252						22,680						18,431						101,363						119,360						—						220,723
Raw materials, Stocks held by third parties and others			63,897						79,087						16,828						159,812						26,751						—						186,563
Total segment assets			675,926						497,111						215,460						1,388,497						1,388,939						589						2,778,025
Borrowings			35,605						77,710						67,370						180,685						554,047						502,239						1,236,971
Lease liabilities			17,515						5,695						642						23,852						343,444						779						368,075
Total segment liabilities			53,120						83,405						68,012						204,537						897,491						503,018						1,605,046

Segment analysis for the nine-month period ended September 30, 2024 (unaudited)

			Farming																								Sugar, Ethanol and Energy												Corporate						Total
			Crops						Rice						Dairy															Farming subtotal
Revenue			175,065						199,035						209,248												583,348						524,651												—						1,107,999
Cost of revenue			(159,224)						(157,478)						(174,854)												(491,556)						(378,144)												—						(869,700)
Initial recognition and changes in fair value of biological assets and agricultural produce			28,954						31,927						6,661												67,542						41,531												—						109,073
Changes in net realizable value of agricultural produce after harvest			(17,583)						—						—												(17,583)						540												—						(17,043)
Margin on manufacturing and agricultural activities before operating expenses			27,212						73,484						41,055												141,751						188,578												—						330,329
General and administrative expenses			(16,195)						(11,391)						(8,271)												(35,857)						(18,364)												(19,754)						(73,975)
Selling expenses			(13,206)						(24,506)						(19,188)												(56,900)						(55,884)												1,314						(111,470)
Other operating (expense) / income, net			(5,358)						(14,327)						3,450												(16,235)						2,560												272						(13,403)
Profit / (loss) from operations			(7,547)						23,260						17,046												32,759						116,890												(18,168)						131,481
Depreciation of Property, plant and equipment and amortization of Intangible assets			(6,061)						(10,539)						(8,458)												(25,058)						(141,981)												(1,117)						(168,156)
Net loss from Fair value adjustment of Investment property			(588)						(17,600)						—												(18,188)						—												—						(18,188)
Transfer of revaluation surplus derived from the disposals of assets before taxes			9,024						—						—												9,024						—												—						9,024
Impairment of assets destroyed by fire			(14,162)						—						—												(14,162)						—												—						(14,162)
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized)			18,544						11,934						(23,488)												6,990						(5,444)												—						1,546
Initial recognition and changes in fair value of biological assets and agricultural produce (realized)			10,410						19,993						30,149												60,552						46,975												—						107,527
Changes in net realizable value of agricultural produce after harvest (unrealized)			(1,834)						—						—												(1,834)						—												—						(1,834)
Changes in net realizable value of agricultural produce after harvest (realized)			(15,749)						—						—												(15,749)						540												—						(15,209)
As of December 31, 2024:
Farmlands and farmland improvements, net			432,826						176,516						2,454												611,796						80,357												—						692,153
Machinery, equipment, building and facilities, and other fixed assets, net			41,770						112,849						143,640												298,259						203,679												—						501,938
Bearer plants, net			1,292						—						—												1,292						326,278												—						327,570
Work in progress			468						6,276						4,009												10,753						16,175												—						26,928
Right of use assets			20,850						15,234						474												36,558						336,521												767						373,846
Investment property			28,193						5,349						—												33,542						—												—						33,542
Goodwill			10,397						6,319						—												16,716						3,526												—						20,242
Biological assets			79,363						102,098						42,864												224,325						69,620												—						293,945
Finished goods			40,345						32,623						20,553												93,521						94,633												—						188,154
Raw materials, Stocks held by third parties and others			44,809						18,446						16,390												79,645						21,865												—						101,510
Total segment assets			700,313						475,710						230,384												1,406,407						1,152,654												767						2,559,828
Borrowings			36,573						15,270						69,199												121,042						532,230												126,284						779,556
Lease liabilities			17,385						12,549						538												30,472						310,769												789						342,030
Total segment liabilities			53,958						27,819						69,737												151,514						842,999												127,073						1,121,586

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- Definition

The disclosure of operating segments. [Refer: Operating segments [member]]

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2024-01-01
-Paragraph 23
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2024-en-r&anchor=para_23&doctype=Standard
-URIDate 2024-03-27

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