EX-99.1 2 ex99-1.htm EX-99.1

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Índex

Índex | 2
Statements of Financial Position | 4
Statements of Income (Loss) | 5
Statements of Comprehensive Income (Loss) | 6
Statements of Changes in Equity | 7
Statements of Cash Flows | 8
Statements of Value Added | 9
Management Report | 10
1. Company’s Operations | 47
2. Basis of preparation and presentation of interim financial information | 50
3. Summary of material accounting policies | 50
4. Cash and cash equivalents | 51
5. Marketable securities | 52
6. Trade accounts and notes receivable | 53
7. Inventories | 54
8. Biological assets | 55
9. Recoverable taxes | 56
10. Deferred income taxes | 58
11. Judicial deposits | 59
12. Investments | 60
13. Property, plant and equipment | 62
14. Intangible assets | 64
15. Loans and borrowings | 66
16. Trade accounts payable | 69

2

| Interim Financial Information, Individual and Consolidated | June 30, 2024

17. Leases | 69
18. Share-based payment | 71
19. Employees benefits | 72
20. Provision for tax, civil and labor risks | 73
21. Equity | 74
22. Earnings (loss) per share | 76
23. Financial instruments and risk management | 76
24. Segment information | 91
25. Net sales | 93
26. Expenses by nature | 94
27. Financial income (expenses) | 95
28. Related parties | 96
29. Commitments | 100
30. Transactions that do not involve cash | 100
31. Events after the reporting period | 101
32. Approval of the Financial Statements | 102
INDEPENDENT AUDITORS’ REPORT ON INDIVIDUAL AND CONSOLIDATED INTERIM FINANCIAL INFORMATION | 104
Opinion of the Audit and Integrity Commitee | 106
Statement of Executive Board on the Consolidated Interim Financial Information and Independent Auditor’s Report | 107

3

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Statements of Financial Position

|  |  | Parent company |  | Consolidated |  |  |  |  | Parent company |  | Consolidated
ASSETS | Note |  | 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23 |  | LIABILITIES | Note |  | 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  | CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 4 |  | 6,398,672 |  | 4,701,549 |  | 11,457,858 |  | 9,264,664 |  | Loans and borrowings | 15 |  | 1,951,420 |  | 2,237,214 |  | 2,159,327 |  | 2,451,838
Marketable securities | 5 |  | 433,625 |  | 412,107 |  | 479,224 |  | 447,878 |  | Trade accounts payable | 16 |  | 14,647,192 |  | 14,011,988 |  | 12,903,099 |  | 12,592,006
Trade receivables | 6 |  | 6,194,074 |  | 5,655,967 |  | 5,576,147 |  | 4,766,071 |  | Lease liability | 17.2 |  | 887,611 |  | 835,154 |  | 1,047,317 |  | 944,326
Notes receivable | 6 |  | 13,444 |  | 64,731 |  | 13,444 |  | 64,731 |  | Payroll, related charges and employee profit sharing |  |  | 1,119,581 |  | 886,974 |  | 1,216,026 |  | 984,457
Inventories | 7 |  | 4,274,947 |  | 4,717,540 |  | 6,488,332 |  | 6,628,890 |  | Taxes payable |  |  | 226,771 |  | 316,600 |  | 794,594 |  | 585,129
Biological assets | 8 |  | 2,589,601 |  | 2,580,383 |  | 2,735,408 |  | 2,702,164 |  | Derivative financial instruments | 23 |  | 273,175 |  | 74,112 |  | 275,062 |  | 76,940
Recoverable taxes | 9 |  | 1,236,322 |  | 1,210,028 |  | 1,740,486 |  | 1,517,548 |  | Provision for tax, civil and labor risks | 20 |  | 658,223 |  | 717,119 |  | 661,690 |  | 720,187
Derivative financial instruments | 23 |  | 35,524 |  | 109,222 |  | 35,524 |  | 109,222 |  | Employee benefits | 19 |  | 58,894 |  | 58,894 |  | 87,595 |  | 86,423
Prepaid expenses |  |  | 211,279 |  | 126,557 |  | 279,343 |  | 166,230 |  | Customer advances |  |  | 87,721 |  | 6,320 |  | 384,160 |  | 290,279
Advances |  |  | 72,252 |  | 64,677 |  | 129,914 |  | 123,319 |  | Advances from related parties | 28 |  | 8,461,818 |  | 6,119,677 |  | - |  | -
Restricted cash |  |  | - |  | - |  | 14,536 |  | 13,814 |  | Other current liabilities |  |  | 133,557 |  | 282,712 |  | 532,505 |  | 658,763
Assets held for sale |  |  | 4,295 |  | 684 |  | 12,744 |  | 7,204 |  |  |  |  |  |  |  |  |  |  |
Other current assets |  |  | 111,062 |  | 132,989 |  | 133,720 |  | 142,527 |  |  |  |  |  |  |  |  |  |  |
Total current assets |  |  | 21,575,097 |  | 19,776,434 |  | 29,096,680 |  | 25,954,262 |  | Total current liabilities |  |  | 28,505,963 |  | 25,546,764 |  | 20,061,375 |  | 19,390,348
NON-CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  | NON-CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
LONG-TERM RECEIVALBLES |  |  |  |  |  |  |  |  |  |  | Loans and borrowings | 15 |  | 17,655,284 |  | 15,462,088 |  | 20,158,257 |  | 17,643,710
Marketable securities | 5 |  | 848,303 |  | 16,490 |  | 1,119,189 |  | 319,995 |  | Trade accounts payable | 16 |  | 1,954 |  | 422 |  | 1,954 |  | 422
Trade receivables | 6 |  | 5,473 |  | 5,897 |  | 8,822 |  | 5,897 |  | Lease liability | 17.2 |  | 2,716,420 |  | 2,624,979 |  | 2,913,004 |  | 2,777,521
Notes receivable | 6 |  | 16,338 |  | 1,530 |  | 16,338 |  | 1,530 |  | Taxes payable |  |  | 82,492 |  | 88,211 |  | 84,582 |  | 90,669
Recoverable taxes | 9 |  | 4,744,424 |  | 4,981,378 |  | 4,762,255 |  | 5,000,740 |  | Provision for tax, civil and labor risks | 20 |  | 477,911 |  | 442,621 |  | 517,707 |  | 482,983
Deferred income taxes | 10 |  | 2,206,876 |  | 2,054,826 |  | 2,265,780 |  | 2,113,108 |  | Deferred income taxes | 10 |  | - |  | - |  | 75,538 |  | 60,125
Judicial deposits | 11 |  | 403,345 |  | 405,450 |  | 415,957 |  | 415,718 |  | Liabilities with related parties | 28 |  | 2,992 |  | 52,581 |  | - |  | -
Biological assets | 8 |  | 1,765,394 |  | 1,788,383 |  | 1,863,645 |  | 1,858,316 |  | Employee benefits | 19 |  | 278,653 |  | 264,731 |  | 501,181 |  | 454,398
Derivative financial instruments | 23 |  | 512,723 |  | 529,830 |  | 512,723 |  | 529,830 |  | Derivative financial instruments | 23 |  | 34,771 |  | 59,819 |  | 34,771 |  | 59,819
Restricted cash |  |  | 32,502 |  | 30,952 |  | 76,109 |  | 72,395 |  | Other non-current liabilities |  |  | 338,963 |  | 286,982 |  | 636,764 |  | 668,439
Other non-current assets |  |  | 205,596 |  | 148,262 |  | 212,273 |  | 153,052 |  |  |  |  |  |  |  |  |  |  |
Total long-term receivables |  |  | 10,740,974 |  | 9,962,998 |  | 11,253,091 |  | 10,470,581 |  | Total non-current liabilities |  |  | 21,589,440 |  | 19,282,434 |  | 24,923,758 |  | 22,238,086
|  |  |  |  |  |  |  |  |  |  | EQUITY | 21 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Capital |  |  | 13,349,156 |  | 13,349,156 |  | 13,349,156 |  | 13,349,156
|  |  |  |  |  |  |  |  |  |  | Capital reserves |  |  | 2,763,364 |  | 2,763,364 |  | 2,763,364 |  | 2,763,364
|  |  |  |  |  |  |  |  |  |  | Other equity transactions |  |  | (88,215) |  | (70,106) |  | (88,215) |  | (70,106)
Investments | 12 |  | 17,205,464 |  | 13,683,725 |  | 91,875 |  | 97,895 |  | Accumulated earnings |  |  | 1,492,745 |  | - |  | 1,492,745 |  | -
Property, plant and equipment | 13 |  | 13,100,944 |  | 13,127,930 |  | 14,867,867 |  | 14,608,914 |  | Treasury shares |  |  | (408,271) |  | (96,145) |  | (408,271) |  | (96,145)
Intangible assets | 14 |  | 3,226,676 |  | 3,201,539 |  | 6,480,669 |  | 6,140,438 |  | Other comprehensive loss |  |  | (1,355,027) |  | (1,022,841) |  | (1,355,027) |  | (1,022,841)
|  |  |  |  |  |  |  |  |  |  | Attributable to controlling shareholders |  |  | 15,753,752 |  | 14,923,428 |  | 15,753,752 |  | 14,923,428
|  |  |  |  |  |  |  |  |  |  | Non-controlling interests |  |  | - |  | - |  | 1,051,297 |  | 720,228
Total non-current assets |  |  | 44,274,058 |  | 39,976,192 |  | 32,693,502 |  | 31,317,828 |  | Total equity |  |  | 15,753,752 |  | 14,923,428 |  | 16,805,049 |  | 15,643,656
TOTAL ASSETS |  |  | 65,849,155 |  | 59,752,626 |  | 61,790,182 |  | 57,272,090 |  | TOTAL LIABILITIES AND EQUITY |  |  | 65,849,155 |  | 59,752,626 |  | 61,790,182 |  | 57,272,090

The accompanying notes are an integral part of the interim financial information.
(In thousands of Brazilian Reais)

4

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Statements of Income (Loss)

|  |  | Parent company |  | Consolidated
|  |  |  |  | 2024 |  |  |  | 2023 |  |  |  | 2024 |  |  |  | 2023
| Note |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
NET SALES | 25 |  | 11,843,992 |  | 22,711,655 |  | 11,290,156 |  | 23,288,016 |  | 14,929,592 |  | 28,307,101 |  | 12,204,971 |  | 25,382,940
Cost of sales | 26 |  | (9,256,519) |  | (17,902,501) |  | (9,519,480) |  | (19,239,866) |  | (10,999,625) |  | (21,152,847) |  | (10,719,235) |  | (22,223,991)
GROSS PROFIT |  |  | 2,587,473 |  | 4,809,154 |  | 1,770,676 |  | 4,048,150 |  | 3,929,967 |  | 7,154,254 |  | 1,485,736 |  | 3,158,949
OPERATING INCOME (EXPENSES) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling expenses | 26 |  | (1,652,318) |  | (3,176,085) |  | (1,556,583) |  | (3,141,147) |  | (1,938,182) |  | (3,710,000) |  | (1,737,638) |  | (3,508,279)
General and administrative expenses | 26 |  | (175,480) |  | (304,738) |  | (103,268) |  | (198,354) |  | (251,215) |  | (452,708) |  | (159,444) |  | (319,251)
Impairment loss on trade receivables | 6 |  | (18,873) |  | (34,793) |  | (1,847) |  | (7,392) |  | (20,897) |  | (48,115) |  | (2,025) |  | (8,532)
Other operating income (expenses), net | 26 |  | (12,569) |  | 17,561 |  | 57,188 |  | 134,646 |  | (12,772) |  | 18,172 |  | 52,953 |  | 137,351
Income from associates and joint ventures | 12 |  | 2,355,136 |  | 3,253,777 |  | (1,141,686) |  | (2,165,467) |  | (3,612) |  | (6,019) |  | (865) |  | (882)
INCOME (LOSS) BEFORE FINANCIAL RESULTS AND INCOME TAXES |  |  | 3,083,369 |  | 4,564,876 |  | (975,520) |  | (1,329,564) |  | 1,703,289 |  | 2,955,584 |  | (361,283) |  | (540,644)
Financial income |  |  | 171,492 |  | 368,238 |  | 151,220 |  | 308,783 |  | 273,915 |  | 548,594 |  | 216,089 |  | 414,219
Financial expenses |  |  | (911,444) |  | (1,842,926) |  | (1,176,078) |  | (2,234,385) |  | (886,749) |  | (1,793,862) |  | (1,151,539) |  | (2,187,728)
Foreign exchange and monetary variations |  |  | (1,266,840) |  | (1,519,444) |  | 494,533 |  | 694,584 |  | 222,756 |  | 317,563 |  | (163,882) |  | (185,894)
FINANCIAL INCOME (EXPENSES), NET | 27 |  | (2,006,792) |  | (2,994,132) |  | (530,325) |  | (1,231,018) |  | (390,078) |  | (927,705) |  | (1,099,332) |  | (1,959,403)
INCOME (LOSS) BEFORE TAXES |  |  | 1,076,577 |  | 1,570,744 |  | (1,505,845) |  | (2,560,582) |  | 1,313,211 |  | 2,027,879 |  | (1,460,615) |  | (2,500,047)
Income taxes | 10 |  | (88,825) |  | (77,999) |  | 146,937 |  | 167,655 |  | (219,319) |  | (340,243) |  | 123,341 |  | 139,146
INCOME (LOSS) FOR THE YEAR |  |  | 987,752 |  | 1,492,745 |  | (1,358,908) |  | (2,392,927) |  | 1,093,892 |  | 1,687,636 |  | (1,337,274) |  | (2,360,901)
Income (Loss) Attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Controlling shareholders |  |  | 987,752 |  | 1,492,745 |  | (1,358,908) |  | (2,392,927) |  | 987,752 |  | 1,492,745 |  | (1,358,908) |  | (2,392,927)
Non-controlling interest |  |  | - |  | - |  | - |  | - |  | 106,140 |  | 194,891 |  | 21,634 |  | 32,026
|  |  | 987,752 |  | 1,492,745 |  | (1,358,908) |  | (2,392,927) |  | 1,093,892 |  | 1,687,636 |  | (1,337,274) |  | (2,360,901)
INCOME (LOSS) PER SHARE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - basic |  |  |  |  |  |  |  |  |  |  | 1,665,884,834 |  | 1,665,884,834 |  | 1,078,140,954 |  | 1,078,140,954
Loss per share - basic | 22 |  |  |  |  |  |  |  |  |  | 0.59293 |  | 0.89607 |  | (1.26042) |  | (2.21949)
Weighted average shares outstanding - diluted |  |  |  |  |  |  |  |  |  |  | 1,667,487,853 |  | 1,667,487,853 |  | 1,078,140,954 |  | 1,078,140,954
Income (Loss) per share - diluted | 22 |  |  |  |  |  |  |  |  |  | 0.59236 |  | 0.89521 |  | (1.26042) |  | (2.21949)

The accompanying notes are an integral part of the interim financial information.
(In thousands of Brazilian Reais)

5

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Statements of Comprehensive Income (Loss)

|  |  | Parent company |  | Consolidated
|  |  |  |  | 2024 |  |  |  | 2023 |  |  |  | 2024 |  |  |  | 2023
| Note |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Income (loss) for the period |  |  | 987,752 |  | 1,492,745 |  | (1,358,908) |  | (2,392,927) |  | 1,093,892 |  | 1,687,636 |  | (1,337,274) |  | (2,360,901)
Other comprehensive income (loss), net of taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on foreign currency translation of foreign operations |  |  | 34,394 |  | 101,969 |  | (219,824) |  | (191,711) |  | 167,307 |  | 252,463 |  | (382,915) |  | (326,446)
Gain (loss) on net investment hedge (1) |  |  | (141,238) |  | (180,118) |  | 99,867 |  | 152,809 |  | (141,238) |  | (180,118) |  | 99,867 |  | 152,809
Cash flow hedges – effective portion of changes in fair value (1) |  |  | (192,368) |  | (237,253) |  | (98,124) |  | (96,873) |  | (192,371) |  | (236,915) |  | (96,147) |  | (96,139)
Cash flow hedges – reclassified to profit or loss | 23 |  | 40,819 |  | (6,618) |  | 447,030 |  | 391,081 |  | 40,819 |  | (6,618) |  | 447,030 |  | 391,081
Items that are or may be reclassified subsequently to profit or loss |  |  | (258,393) |  | (322,020) |  | 228,949 |  | 255,306 |  | (125,483) |  | (171,188) |  | 67,835 |  | 121,305
Actuarial gains (losses) on pension and post-employment plans (1) | 19 |  | (2,996) |  | (10,166) |  | 9,475 |  | 12,470 |  | (8,938) |  | (24,561) |  | 14,353 |  | 15,215
Items that will not be reclassified to profit or loss |  |  | (2,996) |  | (10,166) |  | 9,475 |  | 12,470 |  | (8,938) |  | (24,561) |  | 14,353 |  | 15,215
Comprehensive income (loss) for the period |  |  | 726,363 |  | 1,160,559 |  | (1,120,484) |  | (2,125,151) |  | 959,471 |  | 1,491,887 |  | (1,255,086) |  | (2,224,381)
Attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Controlling shareholders |  |  | 726,363 |  | 1,160,559 |  | (1,120,484) |  | (2,125,151) |  | 726,363 |  | 1,160,559 |  | (1,120,484) |  | (2,125,151)
Non-controlling interest |  |  | - |  | - |  | - |  | - |  | 233,108 |  | 331,328 |  | (134,602) |  | (99,230)
|  |  | 726,363 |  | 1,160,559 |  | (1,120,484) |  | (2,125,151) |  | 959,471 |  | 1,491,887 |  | (1,255,086) |  | (2,224,381)

| (1) | Items above are stated net of deferred taxes on income and the related taxes are disclosed in note 10.

The accompanying notes are an integral part of the interim financial information.
(In thousands of Brazilian Reais)

6

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Statements of Changes in Equity

| Attributed to controlling shareholders
|  |  |  |  |  |  |  |  | Other comprehensive income (loss) |  |  |  |  |  |
| Capital |  | Capital reserves |  | Other equity transactions |  | Treasury shares |  | Accumulated foreign currency translation adjustments |  | Gains (losses) on cash flow hedge (1) |  | Actuarial gains (losses) |  | Accumulated aearnings (losses) |  | Total equity |  | Non-controlling interest |  | Total shareholders' equity (consolidated)
BALANCES AT DECEMBER 31, 2022 | 12,835,915 |  | 2,338,476 |  | (77,825) |  | (109,727) |  | (1,024,897) |  | (307,389) |  | (21,472) |  | (2,363,073) |  | 11,270,008 |  | 552,861 |  | 11,822,869
Comprehensive income (loss) (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Losses on foreign currency translation of foreign operations | - |  | - |  | - |  | - |  | (169,326) |  | - |  | - |  | - |  | (169,326) |  | (139,739) |  | (309,065)
Gains on net investment hedge | - |  | - |  | - |  | - |  | 145,328 |  | - |  | - |  | - |  | 145,328 |  | - |  | 145,328
Unrealized gains in cash flow hedge | - |  | - |  | - |  | - |  | - |  | 372,958 |  | - |  | - |  | 372,958 |  | 418 |  | 373,376
Actuarial losses on pension and post-employment plans | - |  | - |  | - |  | - |  | - |  | - |  | (1,523) |  | - |  | (1,523) |  | (40,702) |  | (42,225)
Income (loss) for the year | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (2,028,559) |  | (2,028,559) |  | 159,707 |  | (1,868,852)
SUB-TOTAL COMPREHENSIVE INCOME (LOSS) | - |  | - |  | - |  | - |  | (23,998) |  | 372,958 |  | (1,523) |  | (2,028,559) |  | (1,681,122) |  | (20,316) |  | (1,701,438)
Employee benefits remeasurement - defined benefit | - |  | - |  | - |  | - |  | - |  | - |  | (16,520) |  | 16,520 |  | - |  | - |  | -
Capital increase through issuance of shares | 600,000 |  | 4,800,000 |  |  |  | - |  | - |  | - |  | - |  |  |  | 5,400,000 |  | - |  | 5,400,000
Expenses with public exchange offer of shares | (86,759) |  | - |  |  |  | - |  | - |  | - |  | - |  | - |  | (86,759) |  | - |  | (86,759)
Capital increase in subsidiaries | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | 187,777 |  | 187,777
Appropriation of income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (94) |  | (94)
Compensation of accumulated losses with capital reserve | - |  | (4,375,112) |  |  |  | - |  | - |  | - |  | - |  | 4,375,112 |  | - |  | - |  | -
Share-based payments | - |  | - |  | 7,719 |  | 13,582 |  | - |  | - |  | - |  | - |  | 21,301 |  | - |  | 21,301
BALANCES AT DECEMBER 31, 2023 | 13,349,156 |  | 2,763,364 |  | (70,106) |  | (96,145) |  | (1,048,895) |  | 65,569 |  | (39,515) |  | - |  | 14,923,428 |  | 720,228 |  | 15,643,656
Comprehensive income (loss) (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain on foreign currency translation of foreign operations | - |  | - |  | - |  | - |  | 101,969 |  | - |  | - |  | - |  | 101,969 |  | 150,494 |  | 252,463
Loss on net investment hedge | - |  | - |  | - |  | - |  | (180,118) |  | - |  | - |  | - |  | (180,118) |  | - |  | (180,118)
Unrealized gains (losses) in cash flow hedge | - |  | - |  | - |  | - |  | - |  | (243,871) |  | - |  | - |  | (243,871) |  | 338 |  | (243,533)
Actuarial losses on pension and post-employment plans | - |  | - |  | - |  | - |  | - |  | - |  | (10,166) |  | - |  | (10,166) |  | (14,395) |  | (24,561)
Income for the period | - |  | - |  | - |  | - |  | - |  | - |  | - |  | 1,492,745 |  | 1,492,745 |  | 194,891 |  | 1,687,636
SUB-TOTAL COMPREHENSIVE INCOME (LOSS) | - |  | - |  | - |  | - |  | (78,149) |  | (243,871) |  | (10,166) |  | 1,492,745 |  | 1,160,559 |  | 331,328 |  | 1,491,887
Appropriation of income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (259) |  | (259)
Share-based payments | - |  | - |  | (18,109) |  | 36,149 |  | - |  | - |  | - |  | - |  | 18,040 |  | - |  | 18,040
Acquisition of treasury shares | - |  | - |  | - |  | (348,275) |  | - |  | - |  | - |  | - |  | (348,275) |  | - |  | (348,275)
BALANCES AT JUNE 30, 2024 | 13,349,156 |  | 2,763,364 |  | (88,215) |  | (408,271) |  | (1,127,044) |  | (178,302) |  | (49,681) |  | 1,492,745 |  | 15,753,752 |  | 1,051,297 |  | 16,805,049

| (1) | All changes in other comprehensive income are presented net of deferred taxes on profit, when applicable, are disclosed in note 10.

The accompanying notes are an integral part of the interim financial information.
(In thousands of Brazilian Reais)

7

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Statements of Cash Flows

|  | Parent company |  | Consolidated
|  | 2024 |  | 2023 |  | 2024 |  | 2023
|  | Jan - jun |  | Jan - jun |  | Jan - jun |  | Jan - jun
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | 1,492,745 |  | (2,392,927) |  | 1,687,636 |  | (2,360,901)
Adjustments for: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 755,102 |  | 680,084 |  | 964,214 |  | 870,917
Depreciation and depletion of biological assets |  | 671,937 |  | 650,996 |  | 749,373 |  | 693,301
Result on disposal of property, plant and equipments and intangible |  | (16,346) |  | (111,879) |  | (21,248) |  | (113,615)
Provision for tax, civil and labor risks |  | 177,010 |  | 144,985 |  | 176,374 |  | 142,794
Income from investments under the equity method |  | (3,253,777) |  | 2,165,467 |  | 6,019 |  | 882
Financial results, net |  | 2,994,132 |  | 1,231,018 |  | 927,705 |  | 1,959,403
Deferred income tax |  | 63,317 |  | (166,969) |  | 25,135 |  | (149,390)
Short-term employee benefits |  | 274,597 |  | 51,463 |  | 266,627 |  | 59,671
Other |  | 35,703 |  | (18,626) |  | 44,322 |  | (7,006)
|  | 3,194,420 |  | 2,233,612 |  | 4,826,157 |  | 1,096,056
Changes in assets and liabilities: |  |  |  |  |  |  |  |
Trade accounts and notes receivables |  | (437,482) |  | 1,316,453 |  | (153,803) |  | 619,926
Inventories |  | 427,799 |  | 882,561 |  | 442,490 |  | 1,141,556
Biological assets - current |  | (9,218) |  | 134,497 |  | (31,061) |  | 119,135
Trade accounts payable |  | (359,214) |  | (2,113,765) |  | (704,883) |  | (2,361,234)
Cash generated by operating activities |  | 2,816,305 |  | 2,453,358 |  | 4,378,900 |  | 615,439
Redemptions (investments) in securities at FVTPL (1) |  | 8,987 |  | - |  | (42,920) |  | 16,030
Interest received |  | 146,045 |  | 130,028 |  | 346,975 |  | 185,794
Dividends and interest on shareholders' equity received |  | 13 |  | (851) |  | - |  | (851)
Payment of tax, civil and labor provisions |  | (144,410) |  | (276,247) |  | (144,102) |  | (276,244)
Derivative financial instruments |  | (74,644) |  | (50,905) |  | (83,806) |  | (414,129)
Other operating assets and liabilities (2) |  | 1,377,435 |  | (451,856) |  | (267,128) |  | 1,211,647
Net cash provided by operating activities |  | 4,129,731 |  | 1,803,527 |  | 4,187,919 |  | 1,337,686
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |
Redemption (additions) on investments in securities at amortized cost |  | - |  | - |  | 39,713 |  | (65,608)
Investments in securities at FVTOCI (3) |  | (830,623) |  | - |  | (830,623) |  | -
Additions to property, plant and equipment |  | (250,782) |  | (408,648) |  | (270,982) |  | (462,836)
Additions to biological assets - non-current |  | (651,662) |  | (679,318) |  | (712,852) |  | (732,456)
Proceeds from disposals of property, plant, equipments and investment |  | 58,433 |  | 134,737 |  | 58,433 |  | 134,737
Additions to intangible |  | (106,748) |  | (115,375) |  | (107,702) |  | (117,188)
Capital increase in affiliates |  | - |  | (388) |  | - |  | (388)
Capital increase in subsidiaries |  | 47,221 |  | - |  | - |  | -
Net cash used in investing activities |  | (1,734,161) |  | (1,068,992) |  | (1,824,013) |  | (1,243,739)
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |
Proceeds from debt issuance |  | 1,981,490 |  | 1,617,155 |  | 2,132,390 |  | 2,968,409
Repayment of debt |  | (1,213,151) |  | (1,350,436) |  | (1,373,136) |  | (1,967,219)
Payment of interest |  | (654,916) |  | (671,427) |  | (761,784) |  | (772,659)
Payment of interest derivatives - fair value hedge |  | (153,452) |  | (407,570) |  | (153,452) |  | (407,570)
Treasury shares acquisition |  | (348,272) |  | - |  | (348,273) |  | -
Payment of lease liabilities |  | (325,196) |  | (260,804) |  | (418,016) |  | (353,332)
Net cash used in financing activities |  | (713,497) |  | (1,073,082) |  | (922,271) |  | (532,371)
Effect of exchange rate variation on cash and cash equivalents |  | 15,050 |  | 2,271 |  | 751,559 |  | (198,236)
Net increase (decrease) in cash and cash equivalents |  | 1,697,123 |  | (336,276) |  | 2,193,194 |  | (636,660)
Balance at the beginning of the period |  | 4,701,549 |  | 3,984,071 |  | 9,264,664 |  | 8,130,929
Balance at the end of the period |  | 6,398,672 |  | 3,647,795 |  | 11,457,858 |  | 7,494,269

| (1) | FVTPL: Fair Value Through Profit and Loss.

| (2) | In the Parent Company, contemplates mainly the effects of prepayments of exports with subsidiaries in the amount of R$2,339,584 for the six-month period ended June 30, 2024 (R$905,629 in the same period of the previous year).

| (3) | FVTOCI: Fair Value Through Other Comprehensive Income.

The accompanying notes are an integral part of the interim financial information.
(In thousands of Brazilian Reais)

8

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Statements of Value Added

|  | Parent company |  | Consolidated
|  | 2024 |  | 2023 |  | 2024 |  | 2023
|  | Jan-jun |  | Jan-jun |  | Jan-jun |  | Jan-jun
1 - REVENUES |  | 25,185,443 |  | 25,825,840 |  | 30,932,275 |  | 28,107,642
Sales of goods and products |  | 24,954,426 |  | 25,295,367 |  | 30,699,568 |  | 27,538,061
Other income |  | 18,454 |  | 134,339 |  | 19,065 |  | 137,044
Revenue related to construction of own assets |  | 247,356 |  | 403,526 |  | 261,757 |  | 441,069
Expected credit losses |  | (34,793) |  | (7,392) |  | (48,115) |  | (8,532)
2 - SUPPLIES ACQUIRED FROM THIRD PARTIES |  | (16,608,047) |  | (18,471,908) |  | (19,638,801) |  | (21,285,763)
Costs of goods sold |  | (14,034,650) |  | (15,711,910) |  | (16,837,658) |  | (18,391,530)
Materials, energy, third parties services and other |  | (2,558,753) |  | (2,792,676) |  | (2,806,270) |  | (2,915,080)
Reversal for inventories losses |  | (14,644) |  | 32,678 |  | 5,127 |  | 20,847
3 - GROSS ADDED VALUE (1-2) |  | 8,577,396 |  | 7,353,932 |  | 11,293,474 |  | 6,821,879
4 - DEPRECIATION AND AMORTIZATION |  | (1,427,039) |  | (1,331,080) |  | (1,713,587) |  | (1,564,218)
5 - NET ADDED VALUE (3-4) |  | 7,150,357 |  | 6,022,852 |  | 9,579,887 |  | 5,257,661
6 - VALUE ADDED RECEIVED THROUGH TRANSFER |  | 3,621,125 |  | (1,856,377) |  | 541,680 |  | 413,644
Income from associates and joint ventures |  | 3,253,777 |  | (2,165,467) |  | (6,019) |  | (882)
Financial income |  | 368,238 |  | 308,783 |  | 548,594 |  | 414,219
Others |  | (890) |  | 307 |  | (895) |  | 307
7 - ADDED VALUE TO BE DISTRIBUTED (5+6) |  | 10,771,482 |  | 4,166,475 |  | 10,121,567 |  | 5,671,305
8 - DISTRIBUTION OF ADDED VALUE |  | 10,771,482 |  | 4,166,475 |  | 10,121,567 |  | 5,671,305
Payroll |  | 3,245,930 |  | 2,783,517 |  | 3,763,955 |  | 3,168,346
Salaries |  | 2,142,381 |  | 1,972,529 |  | 2,624,939 |  | 2,312,036
Benefits |  | 948,305 |  | 664,075 |  | 970,951 |  | 695,739
Government severance indemnity fund for employees |  | 155,244 |  | 146,913 |  | 168,065 |  | 160,571
Taxes, Fees and Contributions |  | 2,583,907 |  | 2,090,723 |  | 3,058,492 |  | 2,304,380
Federal |  | 1,129,823 |  | 662,138 |  | 1,491,802 |  | 762,251
State |  | 1,426,480 |  | 1,402,199 |  | 1,533,196 |  | 1,510,945
Municipal |  | 27,604 |  | 26,386 |  | 33,494 |  | 31,184
Capital Remuneration from Third Parties |  | 3,448,900 |  | 1,685,162 |  | 1,611,484 |  | 2,559,480
Interests, including exchange variation |  | 3,380,692 |  | 1,571,711 |  | 1,495,545 |  | 2,409,343
Rents |  | 68,208 |  | 113,451 |  | 115,939 |  | 150,137
Interest on Own-Capital |  | 1,492,745 |  | (2,392,927) |  | 1,687,636 |  | (2,360,901)
Income (loss) for the period |  | 1,492,745 |  | (2,392,927) |  | 1,492,745 |  | (2,392,927)
Non-controlling interest |  | - |  | - |  | 194,891 |  | 32,026

The accompanying notes are an integral part of the interim financial information.
(In thousands of Brazilian Reais)

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| Interim Financial Information, Individual and Consolidated | June 30, 2024

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| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 1. | Company’s Operations

BRF S.A. (“BRF”), and its subsidiaries (collectively the “Company”) is a publicly traded company, listed on the segment Novo Mercado of Brasil, Bolsa, Balcão (“B3”), under the ticker BRFS3, and listed on the New York Stock Exchange (“NYSE”), under the ticker BRFS. The Company’s registered office is at 475 Jorge Tzachel Street, Fazenda District, Itajaí - Santa Catarina and the main business office is in São Paulo city.

BRF is a Brazilian multinational company, with global presence, which owns a comprehensive portfolio of products, and it is one of the world’s largest companies of food products. The Company operates by raising, producing and slaughtering poultry and pork for processing, production and sale of fresh meat, processed products, pasta, margarine, pet food and others.

The Company holds as main brands Sadia, Perdigão, Qualy, Chester®, Kidelli, Perdix, Banvit, Biofresh and Gran Plus, present mainly in Brazil, Turkey and Middle Eastern countries.

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| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 1.1. | Equity interest

|  |  |  |  |  |  | % equity interest
Entity |  |  | Main activity |  | Country (1) |  | 06.30.24 |  | 12.31.23
Direct subsidiaries |  |  |  |  |  |  |  |
BRF Energia S.A. |  |  | Commercialization of eletric energy |  | Brazil |  | 100.00 |  | 100.00
BRF Foods UK Ltd. |  |  | Administrative and marketing services |  | England |  | 100.00 |  | 100.00
BRF GmbH |  |  | Holding |  | Austria |  | 100.00 |  | 100.00
BRF Pet S.A. |  |  | Industrialization, commercialization and distribution of feed and nutrients for animals |  | Brazil |  | 100.00 |  | 100.00
Sadia Alimentos S.A. |  |  | Holding |  | Argentina |  | 100.00 |  | 100.00
Sadia Uruguay S.A. | (g) |  | Import and commercialization of products |  | Uruguay |  | 100.00 |  | 100.00
Vip S.A. Empreendimentos e Participações Imobiliárias | (f) |  | Commercialization of owned real state |  | Brazil |  | - |  | 100.00
BRF Investimentos Ltda. | (f) |  | Holding, management of companies and assets |  | Brazil |  | 100.00 |  | 100.00
Indirect subsidiaries |  |  |  |  |  |  |  |  |
Al Khan Foodstuff LLC ("AKF") | (b) |  | Import, commercialization and distribution of products |  | Oman |  | 70.00 |  | 70.00
Al-Wafi Al-Takamol International for Foods Products |  |  | Import and commercialization of products |  | Saudi Arabia |  | 100.00 |  | 100.00
Al-Wafi Food Products Factory LLC |  |  | Import, export, industrialization and commercialization of products |  | UAE |  | 100.00 |  | 100.00
Badi Ltd. |  |  | Holding |  | UAE |  | 100.00 |  | 100.00
Banvit Bandirma Vitaminli |  |  | Import, industrialization and commercialization of products |  | Turkey |  | 91.71 |  | 91.71
Banvit Enerji ve Elektrik Üretim Ltd. Sti. | (a) |  | Generation and commercialization of electric energy |  | Turkey |  | 100.00 |  | 100.00
BRF Arabia Holding Company |  |  | Holding |  | Saudi Arabia |  | 70.00 |  | 70.00
BRF Foods GmbH | (h) |  | Industrialization, import and commercialization of products |  | Austria |  | 100.00 |  | 100.00
BRF Foods LLC | (h) |  | Industrialization, import and commercialization of products |  | UAE |  | 100.00 |  | -
BRF Foods LLC | (d) |  | Import, industrialization and commercialization of products |  | Russia |  | - |  | 100.00
BRF Global Company Nigeria Ltd. |  |  | Marketing and logistics services |  | Nigeria |  | 100.00 |  | 100.00
BRF Global Company South Africa Proprietary Ltd. |  |  | Administrative, marketing and logistics services |  | South Africa |  | 100.00 |  | 100.00
BRF Global GmbH |  |  | Holding and trading |  | Austria |  | 100.00 |  | 100.00
BRF Japan KK |  |  | Marketing and logistics services, import, export, industrialization and commercialization of products |  | Japan |  | 100.00 |  | 100.00
BRF Korea LLC |  |  | Marketing and logistics services |  | Korea |  | 100.00 |  | 100.00
BRF Kuwait Food Management Company WLL | (b) |  | Import, commercialization and distribution of products |  | Kuwait |  | 49.00 |  | 49.00
BRF Shanghai Management Consulting Co. Ltd. |  |  | Provision of consultancy and marketing services |  | China |  | 100.00 |  | 100.00
BRF Shanghai Trading Co. Ltd. |  |  | Import, export and commercialization of products |  | China |  | 100.00 |  | 100.00
BRF Singapore Foods PTE Ltd. |  |  | Administrative, marketing and logistics services |  | Singapore |  | 100.00 |  | 100.00
Buenos Aires Fortune S.A. | (e) |  | Holding |  | Argentina |  | - |  | 100.00
Eclipse Holding Cöoperatief U.A. |  |  | Holding |  | The Netherlands |  | 100.00 |  | 100.00
Eclipse Latam Holdings |  |  | Holding |  | Spain |  | 100.00 |  | 100.00
Federal Foods LLC | (b) |  | Import, commercialization and distribution of products |  | UAE |  | 49.00 |  | 49.00
Federal Foods Qatar | (b) |  | Import, commercialization and distribution of products |  | Qatar |  | 49.00 |  | 49.00
Hercosul Alimentos Ltda. |  |  | Manufacturing and sale of animal feed |  | Brazil |  | 100.00 |  | 100.00
Hercosul Distribuição Ltda. |  |  | Import, export, wholesale and retail sale of food products for animals |  | Brazil |  | 100.00 |  | 100.00
Hercosul International S.R.L. |  |  | Manufacturing, export, import and sale of feed and nutrients for animals |  | Paraguay |  | 100.00 |  | 100.00
Hercosul Soluções em Transportes Ltda. |  |  | Road freight |  | Brazil |  | 100.00 |  | 100.00
Joody Al Sharqiya Food Production Factory LLC |  |  | Import and commercialization of products |  | Saudi Arabia |  | 100.00 |  | 100.00
Mogiana Alimentos S.A. |  |  | Manufacturing, distribution and sale of Pet Food products |  | Brazil |  | 100.00 |  | 100.00
Nutrinvestments BV | (j) |  | Holding |  | The Netherlands |  | 100.00 |  | 100.00
One Foods Holdings Ltd. |  |  | Holding |  | UAE |  | 100.00 |  | 100.00
Perdigão Europe Lda. | (i) |  | Import, export of products and administrative services |  | Portugal |  | - |  | 100.00
ProudFood Lda. |  |  | Import and commercialization of products |  | Angola |  | 100.00 |  | 100.00
PSA Laboratório Veterinário Ltda. | (f) |  | Veterinary activities |  | Brazil |  | - |  | 100.00
Sadia Chile S.A. |  |  | Import, export and commercialization of products |  | Chile |  | 100.00 |  | 100.00
TBQ Foods GmbH |  |  | Holding |  | Austria |  | 60.00 |  | 60.00
Affiliated |  |  |  |  |  |  |  |  |
Potengi Holdings S.A. | (c) |  | Holding |  | Brazil |  | 50.00 |  | 50.00
PR-SAD Administração de bem próprio S.A. |  |  | Management of assets |  | Brazil |  | 33.33 |  | 33.33

| (1) | UAE – United Arab Emirates.

| (a) | Dormant subsidiaries. The Company is evaluating the liquidation of these subsidiaries.

| (b) | For these entities, the Company has agreements that ensure full economic rights, except for AKF, in which the economic rights are of 99%.

| (c) | Affiliate with subsidiary of AES Brasil Energia S.A. in which the economic participation is 24% (note 12).

| (d) | On January 15, 2024, the subsidiary BRF Foods LLC was dissolved.

| (e) | On March 19, 2024, the subsidiary Buenos Aires Fortune S.A. was dissolved.

| (f) | On March 28, 2024, the subsidiaries VIP S.A. Empreendimentos e Participações Imobiliárias e a PSA Laboratório Veterinário Ltda. were incorporated by BRF S.A. and the indirect subsidiarie BRF Investimentos Ltda. became a direct subsidiarie of BRF S.A.

| (g) | On March 31, 2024, there was a reduction in share capital in the subsidiary Sadia Uruguay S.A. by UYU415,000, (R$55,365 in Reais) and on June 17, 2024, there was another capital reduction by UYU415,000 (R$58,515 in Reais).

| (h) | The BRF Foods GMBH, an Austrian company, had a branch located in the UAE, which, on April 05, 2024, was converted into a limited company entity, called BRF Foods LLC.

| (i) | On April 29, 2024, the subsidiary Perdigão Europe Lda. was dissolved.

| (j) | On July 19, 2024, the subsidiary Nutrinvestments BV was dissolved.

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| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 1.2. | Climate events in Rio Grande do Sul

On May 1st, 2024, Rio Grande do Sul declared a state of public calamity throughout its territory affected by extreme weather events causing material and environmental damage, with the destruction of homes, roads and bridges, as well as the compromise of the functioning of local and regional public and private institutions and the closure of public roads.

The Company was affected by total and partial shutdowns in its regional operations, industrial complexes, distribution centers and support offices, and made the necessary efforts to resume operations as soon as possible.

Due to these weather events, the Company incurred losses and additional expenses, mainly related to the agricultural and industrial production process, structural and equipment repairs and expenses with donations, which are presented in the quarterly information under the following items:

|  | Parent Company and Consolidated
|  | 2024
|  | Apr - jun
Cost of sales |  | (106,814)
Selling expenses |  | (3,671)
General and administrative expenses |  | (2,598)
|  | (113,083)

The Company has insurance policies for events of this nature and is in the process of regulating this claim in Rio Grande do Sul.

| 1.3. | Seasonality

During the months of November and December of each year, the Company is impacted by seasonality in the Brazil operating segment due to Christmas and New Year’s Celebrations. The products that are relevant contributors are: turkey, Chester®, ham and pork cuts (hind leg/pork loin).

In the International operating segment, seasonality is due to Ramadan, which is the holy month of the Muslim calendar. The beginning of Ramadan depends on the beginning of the moon cycle and in 2024 occurred between, March 10, 2024 and April 9, 2024. Additionally, in the subsidiary in Turkey there is the seasonal effect of the “Barbecue Season”, a period in the summer in which culturally this type of event happens more frequently, boosting sales of several products in our portfolio.

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| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 2. | Basis of preparation and presentation of interim financial information

The Parent Company’s and Consolidated interim financial information were prepared in accordance with i) the accounting practices adopted in Brazil, which include those included in Brazilian corporate legislation and the pronouncements, guidelines and technical interpretations issued by the Accounting Pronouncements Committee - ("CPC”) and approved by the Board Federal Accounting – (“CFC”) and the Securities and Exchange Commission – (“CVM”), in accordance with the CPC 21 (R1) – Interim Financial Statements, and ii) international financial reporting standards (“IFRS”), IAS 34 – Interim Financial Reporting, issued by International Accounting Standards Board (“IASB”). All the relevant information applicable to the financial statements, and only them, are being evidenced and correspond to those used by administration in its management.

The Parent Company’s and Consolidated interim financial information are expressed in thousands of Brazilian Reais (“R$”), unless otherwise stated. For disclosures of amounts in other currencies, the values are also expressed in thousands, unless otherwise stated.

The preparation of the Parent Company’s and Consolidated interim financial information require Management to make judgments, use estimates and adopt assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, as well as the disclosures of contingent liabilities. The uncertainty inherent to these judgments, assumptions and estimates could result in material adjustments to the carrying amount of certain assets and liabilities in future periods.

Any judgments, estimates and assumptions are reviewed at each reporting period.

The Parent Company’s and Consolidated interim financial information were prepared based on the recoverable historical cost, except for the items maintained at fair value as described in note 3.2 of the Financial Statements for the year ended on December 31, 2023.

The Company prepared Parent Company’s and Consolidated interim financial information under the going concern assumption and disclosed all relevant information in its explanatory notes, in order to clarify and complement the accounting basis adopted.

| 3. | Summary of material accounting policies

The Consolidated interim financial information, in this case quarterly financial information, aim to provide updated information based on the last annual financial statements disclosed. Therefore, the quarterly financial information focus on new activities, events and circumstances and do not repeat the information previously disclosed, except when Management judges that the maintenance of the information is relevant.

The interim financial information was prepared based on the accounting policies and estimates calculation methodologies adopted in the preparation of the annual financial statements for the year ended December 31, 2023 (note 3), on a uniform basis for all group entities.

The Company has subsidiaries in Argentina and in Turkey, which are considered a hyperinflationary economy. For the Turkish subsidiary the price index used for the period ended June 30, 2024 was 24.7%, and the inflation adjustment affected the Income (Loss) before financial results and income taxes in R$(22,244) (R$(56,806) in the same period of the previous year), and we recognized a revenue that impacted the Financial Result in the amount of R$ R$98,223 (R$162,417 in the same period of the previous year) and the Income (Loss) in the amount of R$57,125 (R$53,321 in the same period of the previous year).

50

| Interim Financial Information, Individual and Consolidated | June 30, 2024

For the subsidiary in Argentina the price index used for the period ended June 30, 2024 was 30.7%, and the inflation adjustment affected the inflation adjustment impacted the Income (Loss) before financial results and income taxes in the amount of R$(383) (R$611 in the same period of the previous year), the Financial Result in the amount of R$(2,842) (R$(30,996) in the same period of the previous year) and the Income (Loss) in the amount of R$(7,714) (R$(4,943) in the same period of the previous year).

Except for the affiliated companies PR-SAD Administração de bem Próprio S.A. and Potengi Holdings S.A., in which the Company records the investment using the equity method, all other entities presented in Note 1.1 are consolidated.

| 3.1. | Standards issued but not yet effective

On May 25, 2023, the IASB published amendments to IAS 7/CPC 03 - Statement of cash flows and IFRS 7/CPC 40 - Financial Instruments: Disclosure, which establish new disclosure requirements for financing operations with suppliers (supply chain finance). Such requirements must be adopted by the Company from the year 2024 onwards, however, no additional presentation is required in the interim financial statements in the first year of adoption of the implemented changes. The Company is evaluating the impacts arising from these changes.

| 4. | Cash and cash equivalents

| Average rate (1) |  | Parent company |  | Consolidated
|  | 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Cash and bank accounts |  |  |  |  |  |  |  |  |
Brazilian reais | - |  | 81,254 |  | 145,200 |  | 90,158 |  | 160,310
Saudi riyal | - |  | - |  | - |  | 433,190 |  | 307,151
U.S. dollar | - |  | 3,507 |  | 99,828 |  | 377,312 |  | 768,868
Euro | - |  | 3,369 |  | 1,392 |  | 32,859 |  | 24,506
Turkish lira | - |  | - |  | - |  | 122,707 |  | 93,641
Other currencies | - |  | 136 |  | 124 |  | 228,041 |  | 252,781
|  |  | 88,266 |  | 246,544 |  | 1,284,267 |  | 1,607,257
Cash equivalents |  |  |  |  |  |  |  |  |
In Brazilian reais |  |  |  |  |  |  |  |  |
Investment funds | 10.40% |  | 3,390 |  | 4,676 |  | 3,390 |  | 4,676
Bank deposit certificates (3) | 10.57% |  | 6,307,016 |  | 4,438,970 |  | 6,514,182 |  | 4,876,861
|  |  | 6,310,406 |  | 4,443,646 |  | 6,517,572 |  | 4,881,537
In U.S. Dollar |  |  |  |  |  |  |  |  |
Term deposit | 5.78% |  | - |  | - |  | 2,511,821 |  | 2,069,531
Overnight | - |  | - |  | 11,359 |  | - |  | 17,570
Other currencies |  |  |  |  |  |  |  |  |
Term deposit (Saudi riyal) | 6.15% |  | - |  | - |  | 707,447 |  | 612,110
Term deposit (2) |  |  | - |  | - |  | 436,751 |  | 76,659
|  |  | - |  | 11,359 |  | 3,656,019 |  | 2,775,870
|  |  | 6,398,672 |  | 4,701,549 |  | 11,457,858 |  | 9,264,664

| (1) | Weighted average annual rate.

| (2) | Amounts are substantially denominated in Turkish Lira (TRY) at a weighted average annual rate of 50.47% (43.00% on December 31, 2023).

| (3) | On June 30, 2024, it includes resources from the fifth issue of debentures (note 15.2).

51

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 5. | Marketable securities

|  |  |  |  | Average rate (2) |  | Parent company |  | Consolidated
| WAM (1) |  | Currency |  |  | 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |
National treasury notes | 9.65 |  | R$ |  | 10.43% |  | 830,623 |  | - |  | 830,623 |  | -
Equity securities (3) | - |  | USD |  | - |  | - |  | - |  | 13,897 |  | 12,103
Fair value through profit and loss |  |  |  |  |  |  |  |  |  |  |  |  |
Financial treasury bills | 0.29 |  | R$ |  | 11.69% |  | 433,625 |  | 412,107 |  | 433,625 |  | 412,107
Investment funds - FIDC II | 1.08 |  | R$ |  | - |  | 17,680 |  | 16,490 |  | 17,680 |  | 16,490
Repurchase agreement | 0.07 |  | R$ |  | 10.19% |  | - |  | - |  | 45,579 |  | 35,751
Other | 0.08 |  | R$ |  | - |  | - |  | - |  | 20 |  | 20
|  |  |  |  |  |  | 451,305 |  | 428,597 |  | 496,904 |  | 464,368
Amortized cost |  |  |  |  |  |  |  |  |  |  |  |  |
Sovereign bonds and other (4) | 2.48 |  | AOA |  |  |  | - |  | - |  | 256,989 |  | 291,402
|  |  |  |  |  |  | 1,281,928 |  | 428,597 |  | 1,598,413 |  | 767,873
Current |  |  |  |  |  |  | 433,625 |  | 412,107 |  | 479,224 |  | 447,878
Non-current (5) |  |  |  |  |  |  | 848,303 |  | 16,490 |  | 1,119,189 |  | 319,995

| (1) | Weighted average maturity in years.

| (2) | Weighted average annual rate.

| (3) | It’s comprised of Aleph Farms Ltd. stocks.

| (4) | It’s comprised of private securities and sovereign securities of the Angola Government and are presented net of expected credit losses in the amount of R$13,399 (R$16,466 on December 31, 2023). The amounts are substantially denominated in Angolan kwanza (AOA), and also include investments indexed to the US Dollar at a weighted average annual rate of 7.20% and Bonds in U.S. Dollar at a weighted average annual rate of 5.90% (U.S. Dollar 6.34% and Bonds in U.S. Dollar 5.90% on December 31, 2023)

| (5) | Maturity until March of 2026.

On June 30, 2024, the amount of R$79,503 (R$9,179 on December 31, 2023) classified as cash and cash equivalents and marketable securities were pledged as guarantee, with no use restrictions, for future contracts traded on B3.

52

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 6. | Trade accounts and notes receivable

|  | Parent company |  | Consolidated
|  | 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Trade accounts receivable |  |  |  |  |  |  |  |
Domestic market |  |  |  |  |  |  |  |
Third parties |  | 1,570,470 |  | 1,729,067 |  | 1,707,525 |  | 1,860,089
Related parties |  | 35,987 |  | 24,339 |  | 13,669 |  | 8,419
Foreign market |  |  |  |  |  |  |  |
Third parties |  | 1,548,077 |  | 764,750 |  | 4,566,719 |  | 3,496,442
Related parties |  | 3,697,898 |  | 3,713,478 |  | 26,520 |  | 27,781
|  | 6,852,432 |  | 6,231,634 |  | 6,314,433 |  | 5,392,731
( - ) Adjustment to present value |  | (15,433) |  | (22,692) |  | (26,007) |  | (29,284)
( - ) Expected credit losses |  | (637,452) |  | (547,078) |  | (703,457) |  | (591,479)
|  | 6,199,547 |  | 5,661,864 |  | 5,584,969 |  | 4,771,968
Current |  | 6,194,074 |  | 5,655,967 |  | 5,576,147 |  | 4,766,071
Non-current |  | 5,473 |  | 5,897 |  | 8,822 |  | 5,897
Notes receivable |  | 50,662 |  | 83,863 |  | 50,662 |  | 83,863
( - ) Adjustment to present value |  | (5,536) |  | (2,223) |  | (5,536) |  | (2,223)
( - ) Expected credit losses |  | (15,344) |  | (15,379) |  | (15,344) |  | (15,379)
|  | 29,782 |  | 66,261 |  | 29,782 |  | 66,261
Current |  | 13,444 |  | 64,731 |  | 13,444 |  | 64,731
Non-current (1) |  | 16,338 |  | 1,530 |  | 16,338 |  | 1,530

| (1) | On June 30, 2024, the weighted average maturity is 2.02 years.

The Company has insurance for trade receivables from exports in the amount of R$1,540,119 (R$1,003,891 on December 31, 2023).

The Company performs credit assignments with no right of return to the BRF Clients’ Credit Rights Investment Fund (“FIDC BRF II”), which has the sole purpose to acquire credit rights arising from commercial transactions carried out between the Company and its clients in Brazil.

On June 30, 2024, FIDC BRF II has an outstanding balance of R$845,818 (R$1,072,964 on December 31, 2023) related to such credit rights, which were ceased to be recognized of the Company’s statement of financial position when the credits were sold.

On June 30, 2024, other receivables are mainly represented by receivables from the sale of farms and various properties not linked to production.

The movements of the expected credit losses are presented below:

Parent company |  | Consolidated
| 06.30.24 |  |  | 06.30.24 |
Beginning balance | (547,078) |  |  | (591,479) |
(Additions) reversals | (34,793) |  |  | (48,115) |
Write-offs | 3,373 |  |  | 3,104 |
Exchange rate variation | (58,954) |  |  | (66,967) |
Ending balance | (637,452) |  |  | (703,457) |

53

| Interim Financial Information, Individual and Consolidated | June 30, 2024

The aging of trade accounts receivable is as follows:

| Parent company |  | Consolidated
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Not overdue | 6,020,373 |  | 5,532,133 |  | 5,265,590 |  | 4,515,445
Overdue |  |  |  |  |  |  |
01 to 60 days | 101,320 |  | 115,871 |  | 231,588 |  | 225,135
61 to 90 days | 37,630 |  | 39,584 |  | 44,776 |  | 46,347
91 to 120 days | 43,628 |  | 4,558 |  | 42,898 |  | 15,248
121 to 180 days | 41,757 |  | 5,803 |  | 51,487 |  | 11,101
181 to 360 days | 19,339 |  | 12,665 |  | 43,063 |  | 22,116
More than 360 days | 588,385 |  | 521,020 |  | 635,031 |  | 557,339
( - ) Adjustment to present value | (15,433) |  | (22,692) |  | (26,007) |  | (29,284)
( - ) Expected credit losses | (637,452) |  | (547,078) |  | (703,457) |  | (591,479)
| 6,199,547 |  | 5,661,864 |  | 5,584,969 |  | 4,771,968

| 7. | Inventories

| Parent company |  | Consolidated
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Finished goods | 2,165,594 |  | 1,988,163 |  | 3,983,654 |  | 3,564,379
Work in progress | 339,817 |  | 340,780 |  | 385,684 |  | 378,788
Raw materials | 880,609 |  | 1,521,744 |  | 1,073,845 |  | 1,675,323
Packaging materials | 120,881 |  | 112,232 |  | 161,854 |  | 150,444
Secondary materials | 515,431 |  | 503,613 |  | 559,069 |  | 546,213
Supplies | 142,660 |  | 150,298 |  | 216,590 |  | 216,998
Imports in transit | 179,744 |  | 150,514 |  | 180,210 |  | 150,947
Other | 37,626 |  | 75,679 |  | 37,588 |  | 75,646
(-) Adjustment to present value (1) | (107,415) |  | (125,483) |  | (110,162) |  | (129,848)
| 4,274,947 |  | 4,717,540 |  | 6,488,332 |  | 6,628,890

| (1) | The adjustment refers to the counter-entry of the adjustment of present value from trade accounts payable and is carried out for cost according to inventories turnover.

The movements of estimated losses for realizable value of inventories accrual, for which the additions, reversals and write-offs were recorded against Cost of Sales, are presented in the table below:

| Parent company
|  |  |  |  |  |  |  |  |  | 06.30.24
| Realizable value through sale |  | Impaired inventories |  | Obsolete inventories |  | Total
Beginning balance | (23,315) |  |  | (13,262) |  |  | (5,375) |  |  | (41,952)
Additions | (21,066) |  |  | (59,037) |  |  | (3,292) |  |  | (83,395)
Reversals | 40,094 |  |  | - |  |  | - |  |  | 40,094
Write-offs | - |  |  | 26,471 |  |  | 2,036 |  |  | 28,507
Ending balance | (4,287) |  |  | (45,828) |  |  | (6,631) |  |  | (56,746)

54

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Consolidated
|  |  |  |  |  |  |  |  |  | 06.30.24 |
| Realizable value through sale |  | Impaired inventories |  | Obsolete inventories |  | Total
Beginning balance | (26,308) |  |  | (22,981) |  |  | (8,232) |  |  | (57,521) |
Additions | (25,077) |  |  | (65,262) |  |  | (6,422) |  |  | (96,761) |
Reversals | 46,802 |  |  | - |  |  | - |  |  | 46,802 |
Write-offs | - |  |  | 35,780 |  |  | 4,165 |  |  | 39,945 |
Exchange rate variation | (267) |  |  | (332) |  |  | (292) |  |  | (891) |
Ending balance | (4,850) |  |  | (52,795) |  |  | (10,781) |  |  | (68,426) |

| 8. | Biological assets

The live animals are represented by poultry and pork and segregated into consumables and animals for production. The rollforward of the biological assets are presented below:

| Parent company
|  |  |  |  |  |  | 06.30.24
| Current |  | Non-current
| Live animals |  |  |  |  |  |
| Total |  | Live animals |  | Forests |  | Total
Beginning balance | 2,580,384 |  | 1,245,285 |  | 543,098 |  | 1,788,383
Additions/Transfer | 11,488,968 |  | 314,270 |  | 35,809 |  | 350,079
Changes in fair value | 1,501,400 |  | (234,738) |  | - |  | (234,738)
Harvest | - |  | - |  | (30,853) |  | (30,853)
Write-off | - |  | - |  | (3,726) |  | (3,726)
Transfer between current and non-current | 103,751 |  | (103,751) |  | - |  | (103,751)
Transfer to inventories | (13,084,902) |  | - |  | - |  | -
Ending balance | 2,589,601 |  | 1,221,066 |  | 544,328 |  | 1,765,394
| Consolidated
|  |  |  |  |  |  | 06.30.24
| Current |  | Non-current
| Live animals |  |  |  |  |  |
| Total |  | Live animals |  | Forests |  | Total
| 06.30.24 |  | 06.30.24 |  | 06.30.24 |  | 06.30.24
Beginning balance | 2,702,164 |  | 1,315,219 |  | 543,098 |  | 1,858,317
Additions/Transfer | 12,460,260 |  | 339,579 |  | 35,809 |  | 375,388
Changes in fair value | 1,688,009 |  | (276,074) |  | - |  | (276,074)
Harvest | - |  | - |  | (30,853) |  | (30,853)
Write-off | - |  | - |  | (3,726) |  | (3,726)
Transfer between current and non-current | 103,966 |  | (103,966) |  | - |  | (103,966)
Transfer to inventories | (14,221,174) |  | - |  | - |  | -
Exchange variation | 5,446 |  | 3,223 |  | - |  | 3,223
Monetary correction by Hyperinflation | (3,263) |  | 41,336 |  | - |  | 41,336
Ending balance | 2,735,408 |  | 1,319,317 |  | 544,328 |  | 1,863,645

The change in the biological assets includes depreciation of breeders and depletion of forests in the amount of R$671,937 in the Parent Company and R$749,373 in the Consolidated (R$650,996 in the Parent Company and R$693,301 in the Consolidated in the same period of the previous year).

The estimated quantities of live animals on June 30, 2024 are 181,618 thousand head of poultry and 4,753 thousand head of pork at the Parent Company (177,143 thousand head of poultry and 4,866 thousand head of pork on December 31, 2023). In the Consolidated, there are 202,083 thousand heads of poultry and 4,753 thousand heads of pork (198,729 thousand heads of poultry and 4,866 thousand heads of pork on December 31, 2023).

The Company has forests pledged as collateral for financing and tax and civil contingencies on June 30, 2024 in the amount of R$116,994 in the Parent Company and in the Consolidated (R$71,399 in the Parent Company and in the Consolidated on December 31, 2023).

55

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 9. | Recoverable taxes

| Parent company |  | Consolidated
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Recoverable ICMS and VAT | 1,959,189 |  | 1,895,852 |  | 2,411,700 |  | 2,089,543
Recoverable PIS and COFINS | 2,188,546 |  | 2,451,146 |  | 2,199,297 |  | 2,461,807
Recoverable IPI | 1,142,814 |  | 1,092,729 |  | 1,144,533 |  | 1,094,466
Recoverable INSS | 420,802 |  | 485,084 |  | 420,814 |  | 485,096
Recoverable income taxes | 312,623 |  | 316,992 |  | 368,998 |  | 437,103
Other recoverable taxes | 95,408 |  | 89,193 |  | 96,341 |  | 90,136
(-) Impairment | (138,636) |  | (139,590) |  | (138,943) |  | (139,863)
| 5,980,746 |  | 6,191,406 |  | 6,502,741 |  | 6,518,288
Current | 1,236,322 |  | 1,210,028 |  | 1,740,486 |  | 1,517,548
Non-current | 4,744,424 |  | 4,981,378 |  | 4,762,255 |  | 5,000,740

| 9.1. | ICMS – tax on movement of goods and services and VAT – value added taxes

As result of the activity, the Company generates recoverable ICMS balances that are offset against ICMS payables arising from sales in the domestic market or that are transferred to third parties.

The Company has recoverable ICMS balances in the States of Paraná, Santa Catarina, Mato Grosso do Sul, Minas Gerais and Amazonas, which will be realized in the short and long term, based on the recoverability study reviewed and approved by the Management.

In other jurisdictions outside Brazil, value added taxes (VAT) are due in regular operations of the Company with goods and services, with expectations of achievement in the short and long term.

On June 20, 2024, the Company negotiated the purchase of ICMS credits from Marfrig Global Foods S.A., in the state of São Paulo, totaling R$113,000, with a discount applied compatible with the market. The use will be made according to the Company's monthly calculation in the state, with full compensation expected in approximately 6 months (note 28). During the month of July 2024, the Company compensated the amount of R$23,292 relating to these credits.

| 9.2. | PIS and COFINS – social integration plan and contribution for social security

The accumulated recoverable PIS and COFINS balances arise from taxes on raw material purchases subsequently used in the production of exported products or products for which sale is not taxed, as well as recoverable taxes on commercial and labor expenses. The realization of these balances usually occurs through the offsetting with taxes payable on sales of taxed products in the domestic market, with other federal taxes and social security contributions payable, or even, if applicable, through refund or reimbursement requests.

As of June 30, 2024, the updated balance of the processes related to the exclusion of the ICMS from the PIS and COFINS calculation basis recognized by the Company is R$1,848,714 (R$2,013,799 as of December 31, 2023). The monetary update of balances is recognized against Net financial income (expenses).

56

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 9.3. | IPI – industrialized product tax

The Company recognized tax assets as result of gains from lawsuits related to IPI, specially “crédito prêmio”. The balance referring to these assets in the Parent Company and Consolidated on June 30, 2024 is R$1,153,692 (R$1,110,006 for the year ended December 31, 2023), of which R$1,131,537 (R$1,087,749 for the year ended December 31, 2023) is recorded as Recoverable Taxes and the remainder, referring to cases in which the government will reimburse in cash, is recorded as Other Non-Current Assets, in the amount of R$22,155 (R$22,257 for the year ended December 31, 2023). The monetary update of balances is recognized against Net financial income (expenses).

| 9.4. | Income taxes

The accumulated recoverable income taxes arise, mostly, from withholding taxes on securities, interest and prepayments of income tax and social contribution in Brazil. The realization occurs through the offset with federal taxes and contributions payable.

| 9.5. | Realization of Brazilian federal tax credits

The Company used PIS, COFINS, IPI, and other recoverable taxes to offset federal taxes payable such as INSS, Income Taxes and other in the amount of R$728,107 for the six-month period ended on June 30, 2024 (R$752,450 in the same period of the previous year), preserving its liquidity and optimizing its capital structure.

57

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 10. | Deferred income taxes

| 10.1. | Breakdown

| Parent company |  | Consolidated
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Assets |  |  |  |  |  |  |
Tax losses carryforward | 2,496,088 |  | 2,496,088 |  | 2,537,169 |  | 2,532,720
Negative calculation basis (social contribution) | 898,592 |  | 898,592 |  | 913,381 |  | 911,779
Temporary differences - Assets |  |  |  |  |  |  |
Provisions for tax, civil and labor risks | 359,353 |  | 363,186 |  | 361,317 |  | 365,381
Expected credit losses | 193,701 |  | 172,699 |  | 198,653 |  | 176,776
Impairment on tax credits | 53,358 |  | 55,253 |  | 53,358 |  | 55,253
Provision for other obligations | 52,025 |  | 101,048 |  | 71,803 |  | 115,216
Write-down to net realizable value of inventories | 19,294 |  | 14,264 |  | 21,242 |  | 19,627
Employees' benefits plan | 114,766 |  | 110,033 |  | 174,456 |  | 137,947
Lease basis difference | 220,598 |  | 189,305 |  | 221,077 |  | 189,753
Other temporary differences | 134,789 |  | 101,203 |  | 156,771 |  | 118,846
| 4,542,564 |  | 4,501,671 |  | 4,709,227 |  | 4,623,298
Temporary differences - Liabilities |  |  |  |  |  |  |
Goodwill amortization basis difference | (323,005) |  | (323,005) |  | (336,842) |  | (336,135)
Depreciation (useful life) basis difference | (803,717) |  | (848,246) |  | (819,294) |  | (863,896)
Business combination (1) | (965,011) |  | (971,832) |  | (965,011) |  | (971,832)
Monetary correction by Hyperinflation | - |  | - |  | (155,730) |  | (95,981)
Unrealized gains on derivatives, net | (145,525) |  | (127,036) |  | (145,525) |  | (127,036)
Unrealized fair value gains, net | (79,376) |  | (163,417) |  | (80,686) |  | (163,744)
Other temporary differences | (19,054) |  | (13,309) |  | (15,897) |  | (11,691)
| (2,335,688) |  | (2,446,845) |  | (2,518,985) |  | (2,570,315)
Total deferred taxes | 2,206,876 |  | 2,054,826 |  | 2,190,242 |  | 2,052,983
Total Assets | 2,206,876 |  | 2,054,826 |  | 2,265,780 |  | 2,113,108
Total Liabilities | - |  | - |  | (75,538) |  | (60,125)
| 2,206,876 |  | 2,054,826 |  | 2,190,242 |  | 2,052,983

| (1) | The deferred tax liability on business combination is substantially represented by the allocation of goodwill to property, plant and equipment, brands and contingent liabilities.

On June 30, 2024, the Parent Company has tax losses of Income Tax (IRPJ) and negative bases Contributions on the Net Profit (CSLL) in Brazil, which at current tax rates represent R$7,291,804 (R$6,632,460 on December 31, 2023). In Consolidated, tax losses at local income tax rates represent the amount of R$7,401,265 (R$6,782,499 on December 31, 2023). Within this amount, R$3,394,680 in the Parent Company and R$3,450,550 in the Consolidated (R$3,394,679 in the Parent Company and R$3,444,499 in the Consolidated on December 31, 2023) are recognized as an asset, according to the recoverability expectation, over a ten-year horizon.

The rollforward of deferred income taxes, net, is set forth below:

58

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Parent company |  |  | Consolidated
| 06.30.24 |  |  | 06.30.24
Beginning balance | 2,054,826 |  |  | 2,052,983
Deferred income taxes recognized in income | (63,317) |  |  | (25,135)
Deferred income taxes recognized in other comprehensive income | 215,367 |  |  | 215,367
Other | - |  |  | (52,973)
Ending balance | 2,206,876 |  |  | 2,190,242

| 10.2. | Effective income tax rate reconciliation

|  | Parent company |  | Consolidated
| 2024 |  | 2023 |  | 2024 |  | 2023
| Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Income (loss) before taxes | 1,076,577 |  | 1,570,744 |  | (1,505,845) |  | (2,560,582) |  | 1,313,211 |  | 2,027,879 |  | (1,460,615) |  | (2,500,047)
Nominal tax rate | 34% |  | 34% |  | 34% |  | 34% |  | 34% |  | 34% |  | 34% |  | 34%
Benefit at nominal rate | (366,036) |  | (534,053) |  | 511,987 |  | 870,598 |  | (446,492) |  | (689,479) |  | 496,609 |  | 850,016
Adjustments to income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from associates and joint ventures | 800,747 |  | 1,106,286 |  | (388,172) |  | (736,258) |  | (1,228) |  | (2,046) |  | (294) |  | (300)
Tax rate, GAAP and permanent differences on the results of a subsidiary | - |  | - |  | - |  | - |  | 258,221 |  | 477,392 |  | (204,194) |  | (506,451)
Effect of exchange rate variation on assets and liabilities of subsidiaries | - |  | - |  | - |  | - |  | 493,826 |  | 524,414 |  | (190,285) |  | (235,559)
Deferred tax assets not recognized (1) | (514,489) |  | (665,832) |  | 885 |  | (3,759) |  | (514,609) |  | (665,930) |  | (720) |  | (5,694)
Interest on taxes | 25,788 |  | 45,821 |  | 24,150 |  | 44,930 |  | 25,846 |  | 45,919 |  | 24,180 |  | 44,991
Other permanent differences | (34,835) |  | (30,221) |  | (1,913) |  | (7,856) |  | (34,883) |  | (30,513) |  | (1,955) |  | (7,857)
| (88,825) |  | (77,999) |  | 146,937 |  | 167,655 |  | (219,319) |  | (340,243) |  | 123,341 |  | 139,146
Effective rate | 8.3% |  | 5.0% |  | 9.8% |  | -5.2% |  | 16.7% |  | 16.8% |  | 8.4% |  | 5.6%
Current tax | (14,885) |  | (14,682) |  | 686 |  | 686 |  | (187,250) |  | (315,108) |  | (5,858) |  | (10,244)
Deferred tax | (73,940) |  | (63,317) |  | 146,251 |  | 166,969 |  | (32,069) |  | (25,135) |  | 129,199 |  | 149,390

| (1) | Amount related to the non-recognition of deferred tax on tax losses carryforward in the Parent Company and in the Consolidated, due to limited capacity of realization.

Income tax returns in Brazil are subject to review by the tax authorities for a period of five years from the date of their delivery. The Company may be subject to additional collection of taxes, fines and interest as a result of these reviews. The results obtained by subsidiaries abroad are subject to taxation in accordance with the tax laws of each country.

| 11. | Judicial deposits

The rollforward of the judicial deposits is set forth below:

| Parent company
|  |  |  |  |  |  |  |  |  | 06.30.24
| Tax |  | Labor |  | Civil, commercial and other |  | Total
Beginning balance | 189,455 |  |  | 154,424 |  |  | 61,571 |  |  | 405,450
Additions | 1,029 |  |  | 41,390 |  |  | 954 |  |  | 43,373
Release in favor of the Company | (750) |  |  | (11,202) |  |  | (1,939) |  |  | (13,891)
Release in favor of the counterparty | (13,015) |  |  | (31,334) |  |  | (536) |  |  | (44,885)
Interest | 5,965 |  |  | 4,394 |  |  | 2,939 |  |  | 13,298
Ending balance | 182,684 |  |  | 157,672 |  |  | 62,989 |  |  | 403,345

59

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Consolidated
|  |  |  |  |  |  | 06.30.24
| Tax |  | Labor |  | Civil, commercial and other |  | Total
Beginning balance | 192,661 |  | 156,241 |  | 66,816 |  | 415,718
Additions | 2,530 |  | 42,237 |  | 973 |  | 45,740
Release in favor of the Company | (750) |  | (11,368) |  | (1,939) |  | (14,057)
Release in favor of the counterparty | (13,015) |  | (31,642) |  | (536) |  | (45,193)
Interest | 6,133 |  | 4,402 |  | 3,215 |  | 13,750
Exchange rate variation | - |  | (1) |  | - |  | (1)
Ending balance | 187,559 |  | 159,869 |  | 68,529 |  | 415,957

| 12. | Investments

| 12.1. | Composition and rollforward the investments

| Parent company |  | Consolidated
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Investments | 17,204,881 |  | 13,683,142 |  | 91,292 |  | 97,134
Investment in subsidiaries | 17,114,708 |  | 13,586,008 |  | - |  | -
Investment in affiliates | 90,173 |  | 97,134 |  | 91,292 |  | 97,134
Other investments | 583 |  | 583 |  | 583 |  | 761
| 17,205,464 |  | 13,683,725 |  | 91,875 |  | 97,895

60

| Interim Financial Information, Individual and Consolidated | June 30, 2024

The rollforward of the direct investments in subsidiaries and affiliates of the Parent Company is set forth below:

|  |  | Income (loss) for the year |  | Capital transaction |  | Goodwill and allocations |  | Other |  |
| Beginning balance (12.31.23) |  | Income (loss) from associates and joint ventures |  |  | Capital increase (reduction) |  | Termination of equity interest participation |  | Capital transaction between subsidiaries |  | Merger of companies (1) |  | Exchange rate variation on goodwill |  | Other comprehensive income |  | Constitution (reversal) of provision for loss |  | Ending balance (06.30.24)
Direct subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BRF Energia S.A. | 338 |  | 45 |  |  | 10,000 |  | - |  | - |  | - |  | - |  | - |  | - |  | 10,383
BRF Foods UK Ltd. | - |  | (126) |  |  | 1,294 |  | - |  | - |  | - |  | - |  | - |  | - |  | 1,168
BRF GmbH | 12,220,014 |  | 3,262,362 |  |  | - |  | - |  | 229,755 |  | - |  | - |  | 57,702 |  | - |  | 15,769,833
BRF Investimentos | - |  | 72 |  |  | - |  | - |  | - |  | 5,841 |  | - |  | 107 |  | - |  | 6,020
BRF Pet S.A. | 1,257,834 |  | 2,276 |  |  | - |  | - |  | - |  | - |  | - |  | 11,840 |  | - |  | 1,271,950
Sadia Alimentos S.A. | 3,367 |  | (8,247) |  |  | - |  | - |  | - |  | - |  | - |  | 7,762 |  | - |  | 2,882
Sadia Uruguay S.A. | 91,823 |  | 4,377 |  |  | (58,515) |  | - |  | - |  | - |  | - |  | 12,809 |  | - |  | 50,494
VIP S.A. Empr. e Particip. Imob (1) | 1,379 |  | 27 |  |  | - |  | (1,406) |  | - |  | - |  | - |  | - |  | - |  | -
Indirect subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -
Hercosul International S.R.L. | 1,112 |  | 97 |  |  | - |  | - |  | - |  | - |  | 41 |  | 74 |  | - |  | 1,324
PSA Labor. Veter. Ltda (1) | 9,638 |  | 164 |  |  | - |  | (9,802) |  | - |  | - |  | - |  | - |  | - |  | -
Proud Food Lda | 501 |  | 80 |  |  | - |  | - |  | - |  | - |  | - |  | 71 |  | - |  | 652
Sadia Chile S.A. | 2 |  | (388) |  |  | - |  | - |  | - |  | - |  | - |  | (3,251) |  | 3,639 |  | 2
Affiliated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -
Potengi Holdings S.A. | 89,051 |  | (6,961) |  |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | 82,090
PR-SAD Adm. Bem próprio S.A. | 8,083 |  | - |  |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | 8,083
| 13,683,142 |  | 3,253,778 |  |  | (47,221) |  | (11,208) |  | 229,755 |  | 5,841 |  | 41 |  | 87,114 |  | 3,639 |  | 17,204,881

| (1) | On March 28, 2024, the subsidiaries VIP S.A. Empreendimentos e Participações Imobiliárias and PSA Laboratório Veterinário Ltda. were merged by BRF S.A., therefore, BRF S.A. became the direct holder of BRF Investimentos shares.

On June 30, 2024, these subsidiaries and affiliates do not have any restriction to amortize their loans or advances to the Company.

61

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 13. | Property, plant and equipment

The rollforward of fixed assets, which includes the right-of-use balances (note 17.1), is presented below:

| Parent company
| Average rate (1) |  | 12.31.23 |  | Additions |  | Disposals |  | Transfers (2) |  | 06.30.24
Cost |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 550,339 |  | 758 |  | (8,581) |  | - |  | 542,516
Buildings, facilities and improvements |  |  | 12,262,442 |  | 420,904 |  | (141,088) |  | 87,197 |  | 12,629,455
Machinery and equipment |  |  | 9,510,187 |  | 17,916 |  | (157,261) |  | 221,063 |  | 9,591,905
Furniture and fixtures |  |  | 135,466 |  | 116 |  | (1,363) |  | 2,878 |  | 137,097
Vehicles |  |  | 195,224 |  | 84,428 |  | (7,669) |  | - |  | 271,983
Construction in progress |  |  | 456,099 |  | 247,356 |  | (358) |  | (318,936) |  | 384,161
Advances to suppliers |  |  | - |  | 282 |  | - |  | (277) |  | 5
|  |  | 23,109,757 |  | 771,760 |  | (316,320) |  | (8,075) |  | 23,557,122
Depreciation |  |  |  |  |  |  |  |  |  |  |
Land (3) | 5.00% |  | (19,478) |  | (2,232) |  | 3,632 |  | - |  | (18,078)
Buildings, facilities and improvements | 2.62% |  | (4,850,062) |  | (389,854) |  | 121,190 |  | 3,296 |  | (5,115,430)
Machinery and equipment | 5.45% |  | (4,962,048) |  | (228,546) |  | 62,500 |  | 527 |  | (5,127,567)
Furniture and fixtures | 4.99% |  | (65,344) |  | (3,680) |  | 1,100 |  | (24) |  | (67,948)
Vehicles | 14.60% |  | (84,895) |  | (49,339) |  | 7,079 |  | - |  | (127,155)
|  |  | (9,981,827) |  | (673,651) |  | 195,501 |  | 3,799 |  | (10,456,178)
|  |  | 13,127,930 |  | 98,109 |  | (120,819) |  | (4,276) |  | 13,100,944

| (1) | Weighted average annual rate.

| (2) | Refers to the transfer of R$948 to intangible assets and R$3,328 to assets held for sale.

| (3) | Land depreciation refers to right-of-use assets (note 17.1). The amount of R$1.013 of depreciation was recognized in the cost of formation of forests and will be realized in the result according to the depletion.

62

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Consolidated
| Average rate (1) |  | 12.31.23 |  | Additions |  | Disposals |  | Monetary correction by Hyperinflation |  | Transfers (2) |  | Exchange rate variation |  | 06.30.24
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 730,103 |  | 758 |  | (8,712) |  | 22,439 |  | - |  | 16,220 |  | 760,808
Buildings, facilities and improvements |  |  | 13,283,922 |  | 453,631 |  | (301,217) |  | 35,544 |  | 92,992 |  | 104,924 |  | 13,669,796
Machinery and equipment |  |  | 10,497,307 |  | 32,719 |  | (181,488) |  | 95,799 |  | 224,570 |  | 70,291 |  | 10,739,198
Furniture and fixtures |  |  | 224,706 |  | 191 |  | (3,451) |  | 16,026 |  | 8,094 |  | 5,868 |  | 251,434
Vehicles |  |  | 445,298 |  | 269,737 |  | (153,814) |  | 10,813 |  | - |  | 46,508 |  | 618,542
Construction in progress |  |  | 483,514 |  | 261,757 |  | (358) |  | (2,199) |  | (328,866) |  | 1,126 |  | 414,974
Advances to suppliers |  |  | 3,372 |  | 3,672 |  | - |  | (1,383) |  | (4,691) |  | 36 |  | 1,006
|  |  | 25,668,222 |  | 1,022,465 |  | (649,040) |  | 177,039 |  | (7,901) |  | 244,973 |  | 26,455,758
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land (3) | 5.00% |  | (41,953) |  | (4,744) |  | 3,761 |  | 26 |  | - |  | (3,553) |  | (46,463)
Buildings, facilities and improvements | 2.81% |  | (5,281,798) |  | (433,086) |  | 276,277 |  | (7,741) |  | 4,717 |  | (45,328) |  | (5,486,959)
Machinery and equipment | 5.80% |  | (5,390,588) |  | (264,197) |  | 82,693 |  | (33,523) |  | 1,618 |  | (31,757) |  | (5,635,754)
Furniture and fixtures | 7.40% |  | (98,039) |  | (6,498) |  | 2,954 |  | (5,047) |  | (2,536) |  | (2,695) |  | (111,861)
Vehicles | 14.78% |  | (246,930) |  | (109,785) |  | 70,025 |  | 1,346 |  | - |  | (21,510) |  | (306,854)
|  |  | (11,059,308) |  | (818,310) |  | 435,710 |  | (44,939) |  | 3,799 |  | (104,843) |  | (11,587,891)
|  |  | 14,608,914 |  | 204,155 |  | (213,330) |  | 132,100 |  | (4,102) |  | 140,130 |  | 14,867,867

| (1) | Weighted average annual rate.

| (2) | Refers to the transfer of R$774 to intangible assets and R$3,328 to assets held for sale.

| (3) | Land depreciation refers to right-of-use assets (note 17.1). The amount of R$1,013 of depreciation was recognized in the cost of formation of forests and will be realized in the result according to the depletion.

63

| Interim Financial Information, Individual and Consolidated | June 30, 2024

The amount of capitalized borrowing costs during the six-month period ended June 30, 2024 was of R$18,320 in the Parent Company and R$19,246 in the Consolidated (R$31,910 in the Parent Company and R$35,721 in the Consolidated in the same period of the previous year) and during the three-month period ended June 30, 2024 was R$8,884 in the Parent Company and R$ 9,423 in the Consolidated (R$14,889 in the Parent Company and R$15,138 in the Consolidated in the same period of the previous year).

The weighted average rate used to determine the amount of borrowing costs subject to capitalization during the six-month period ended June 30, 2024, was 9.28% p.a. in the Parent Company and 11.50% p.a. in the Consolidated (10.31% p.a. in the Parent Company and 10.63% p.a. in the Consolidated in the in the same period of the previous year).

The book value of the property, plant and equipment items that are pledged as collateral for transactions of different natures are set forth below:

|  |  |  | Parent company |  | Consolidated
|  | Type of collateral |  | 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Land |  | Financial/tax |  | 88,161 |  | 87,530 |  | 88,161 |  | 87,530
Buildings, facilities and improvements |  | Financial/tax |  | 1,389,672 |  | 1,393,528 |  | 1,391,990 |  | 1,395,846
Machinery and equipment |  | Financial/labor/tax/civil |  | 1,445,694 |  | 1,463,205 |  | 1,446,718 |  | 1,464,229
Furniture and fixtures |  | Financial/tax |  | 14,764 |  | 15,102 |  | 14,764 |  | 15,102
Vehicles |  | Financial/tax |  | 96 |  | 109 |  | 96 |  | 109
|  |  |  | 2,938,387 |  | 2,959,474 |  | 2,941,729 |  | 2,962,816

| 14. | Intangible assets

The intangible assets rollforward, is set forth below:

|  |  | Parent company
| Average rate (1) |  | 12.31.23 |  | Additions |  | Disposals |  | Transfers |  | 06.30.24
Cost |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 1,783,655 |  | - |  | - |  | - |  | 1,783,655
Trademarks |  |  | 1,152,885 |  | - |  | - |  | - |  | 1,152,885
Non-compete agreement |  |  | 14,650 |  | 737 |  | (2,740) |  | - |  | 12,647
Outgrowers relationship |  |  | 517 |  | - |  | - |  | - |  | 517
Patents |  |  | 1,810 |  | - |  | - |  | - |  | 1,810
Software |  |  | 698,096 |  | - |  | (598) |  | 105,803 |  | 803,301
Intangible in progress |  |  | 35,232 |  | 106,012 |  | - |  | (104,855) |  | 36,389
|  |  | 3,686,845 |  | 106,749 |  | (3,338) |  | 948 |  | 3,791,204
Amortization |  |  |  |  |  |  |  |  |  |  |
Non-compete agreement | 43.49% |  | (8,797) |  | (3,017) |  | 2,740 |  | - |  | (9,074)
Outgrowers relationship | 16.45% |  | (419) |  | (36) |  | - |  | - |  | (455)
Patents | 5.48% |  | (1,673) |  | (12) |  | - |  | - |  | (1,685)
Software | 35.91% |  | (474,417) |  | (79,396) |  | 499 |  | - |  | (553,314)
|  |  | (485,306) |  | (82,461) |  | 3,239 |  | - |  | (564,528)
|  |  | 3,201,539 |  | 24,288 |  | (99) |  | 948 |  | 3,226,676

| (1) | Weighted average annual remaining rate.

64

| Interim Financial Information, Individual and Consolidated | June 30, 2024

|  |  | Consolidated
| Average rate (1) |  | 12.31.23 |  | Additions |  | Disposals |  | Transfers |  | Monetary correction by Hyperinflation |  | Exchange rate variation |  | 06.30.24
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 3,390,938 |  | - |  | - |  | - |  | 50,333 |  | 153,151 |  | 3,594,422
Trademarks |  |  | 1,873,253 |  | - |  | - |  | - |  | 59,518 |  | 11,855 |  | 1,944,626
Non-compete agreement |  |  | 54,892 |  | 737 |  | (2,740) |  | - |  | - |  | 5,629 |  | 58,518
Outgrowers relationship |  |  | 517 |  | - |  | - |  | - |  | - |  | - |  | 517
Patents |  |  | 4,129 |  | - |  | - |  | - |  | 562 |  | 112 |  | 4,803
Customer relationship |  |  | 1,217,742 |  | - |  | - |  | - |  | 111,655 |  | 122,904 |  | 1,452,301
Software |  |  | 787,048 |  | 400 |  | (1,936) |  | 106,140 |  | 3,554 |  | 7,488 |  | 902,694
Intangible in progress |  |  | 35,479 |  | 106,565 |  | - |  | (105,366) |  | (301) |  | 13 |  | 36,390
|  |  | 7,363,998 |  | 107,702 |  | (4,676) |  | 774 |  | 225,321 |  | 301,152 |  | 7,994,271
Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-compete agreement | 43.49% |  | (47,841) |  | (3,241) |  | 2,740 |  | - |  | - |  | (5,629) |  | (53,971)
Outgrowers relationship | 16.45% |  | (419) |  | (36) |  | - |  | - |  | - |  | - |  | (455)
Patents | 8.49% |  | (3,195) |  | (183) |  | - |  | - |  | (239) |  | (77) |  | (3,694)
Customer relationship | 7.70% |  | (635,655) |  | (54,732) |  | - |  | - |  | (60,310) |  | (76,252) |  | (826,949)
Software | 37.42% |  | (536,450) |  | (88,721) |  | 1,812 |  | - |  | 1,012 |  | (6,186) |  | (628,533)
|  |  | (1,223,560) |  | (146,913) |  | 4,552 |  | - |  | (59,537) |  | (88,144) |  | (1,513,602)
|  |  | 6,140,438 |  | (39,211) |  | (124) |  | 774 |  | 165,784 |  | 213,008 |  | 6,480,669

| (1) | Weighted average annual remaining rate.

65

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 15. | Loans and borrowings

| Parent company
| Charges (p.a.) |  | Average rate (1) |  | WAMT (2) |  | 12.31.23 |  | Borrowing |  | Amortization |  | Interest paid |  | Interest accrued (3) |  | Exchange rate variation |  | 06.30.24
Local currency |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital | Fixed / CDI |  | 10.43% (12.29% on 12.31.23) |  | 0.38 |  | 773,840 |  | - |  | (279,085) |  | (38,544) |  | 34,175 |  | - |  | 490,386
Export credit facility | CDI |  | 11.99% (13.26% on 12.31.23) |  | 3.17 |  | 1,583,596 |  | - |  | - |  | (94,595) |  | 94,436 |  | - |  | 1,583,437
Debentures | CDI / IPCA |  | 12.15% (10.94% on 12.31.23) |  | 6.84 |  | 6,634,434 |  | 1,937,680 |  | - |  | (216,314) |  | 150,165 |  | - |  | 8,505,965
Fiscal incentives | Fixed |  | 2.40% (2.40% on 12.31.23) |  | - |  | 6,604 |  | 43,811 |  | (42,251) |  | (313) |  | 289 |  | - |  | 8,140
|  |  |  |  |  |  | 8,998,474 |  | 1,981,491 |  | (321,336) |  | (349,766) |  | 279,065 |  | - |  | 10,587,928
Foreign currency |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bonds | Fixed / FX USD |  | 5.34% (5.34% on 12.31.23) |  | 16.56 |  | 6,105,757 |  | - |  | - |  | (197,802) |  | 205,636 |  | 917,065 |  | 7,030,656
Export credit facility | Fixed / SOFR /FX USD |  | 4.65% (5.49% on 12.31.23) |  | 3.88 |  | 2,436,651 |  | - |  | (738,915) |  | (96,377) |  | 66,818 |  | 319,943 |  | 1,988,120
Advances for foreign exchange rate contracts | Fixed / FX USD |  | 0% (7.10% on 12.31.23) |  | - |  | 158,420 |  | - |  | (152,900) |  | (10,972) |  | (2,466) |  | 7,918 |  | -
|  |  |  |  |  |  | 8,700,828 |  | - |  | (891,815) |  | (305,151) |  | 269,988 |  | 1,244,926 |  | 9,018,776
|  |  |  |  |  |  | 17,699,302 |  | 1,981,491 |  | (1,213,151) |  | (654,917) |  | 549,053 |  | 1,244,926 |  | 19,606,704
Current |  |  |  |  |  |  | 2,237,214 |  |  |  |  |  |  |  |  |  |  |  | 1,951,420
Non-current |  |  |  |  |  |  | 15,462,088 |  |  |  |  |  |  |  |  |  |  |  | 17,655,284

| (1) | Weighted average annual rate.

| (2) | Weighted average maturity in years.

| (3) | Includes interest amounts, monetary restatement of the principal coupon and mark-to-market for debts hedged object to fair value hedge protection.

66

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Consolidated
| Charges (p.a.) |  | Average rate (1) |  | WAMT (2) |  | 12.31.23 |  | Borrowing |  | Amortization |  | Interest paid |  | Interest accrued (3) |  | Exchange rate variation |  | 06.30.24
Local currency |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital | Fixed / CDI |  | 10.42% (12.28% on 12.31.23) |  | 0.38 |  | 777,528 |  | - |  | (281,136) |  | (38,544) |  | 34,176 |  | - |  | 492,024
Export credit facility | CDI |  | 11.99% (13.26% on 12.31.23) |  | 3.17 |  | 1,583,597 |  | - |  | - |  | (94,595) |  | 94,435 |  | - |  | 1,583,437
Debentures | CDI / IPCA |  | 10.52% (10.94% on 12.31.23) |  | 5.92 |  | 6,634,434 |  | 1,937,680 |  | - |  | (216,314) |  | 150,165 |  | - |  | 8,505,965
Fiscal incentives | Fixed |  | 2.40% (2.40% on 12.31.23) |  | - |  | 6,604 |  | 43,811 |  | (42,251) |  | (313) |  | 289 |  | - |  | 8,140
|  |  |  |  |  |  | 9,002,163 |  | 1,981,491 |  | (323,387) |  | (349,766) |  | 279,065 |  | - |  | 10,589,566
Foreign currency |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bonds | Fixed / FX USD |  | 5.15% (5.15% on 12.31.23) |  | 13.81 |  | 7,559,562 |  | - |  | - |  | (230,270) |  | 241,009 |  | 1,132,517 |  | 8,702,818
Export credit facility | Fixed /SOFR / FX USD |  | 4.65% (5.49% on 12.31.23) |  | 3.88 |  | 2,436,651 |  | - |  | (738,915) |  | (96,377) |  | 66,818 |  | 319,942 |  | 1,988,119
Advances for foreign exchange rate contracts | Fixed / FX USD |  | 0% (7.10% on 12.31.23) |  | - |  | 158,420 |  | - |  | (152,900) |  | (10,972) |  | (2,466) |  | 7,918 |  | -
Working capital | Fixed / EIBOR3M + 1,8% FX TRY, AED and USD |  | 11.80% (13.13% on 12.31.23) |  | 1.51 |  | 938,752 |  | 150,900 |  | (157,934) |  | (74,398) |  | 65,835 |  | 113,926 |  | 1,037,081
|  |  |  |  |  |  | 11,093,385 |  | 150,900 |  | (1,049,749) |  | (412,017) |  | 371,196 |  | 1,574,303 |  | 11,728,018
|  |  |  |  |  |  | 20,095,548 |  | 2,132,391 |  | (1,373,136) |  | (761,783) |  | 650,261 |  | 1,574,303 |  | 22,317,584
Current |  |  |  |  |  |  | 2,451,838 |  |  |  |  |  |  |  |  |  |  |  | 2,159,327
Non-current |  |  |  |  |  |  | 17,643,710 |  |  |  |  |  |  |  |  |  |  |  | 20,158,257

| (1) | Weighted average annual rate.

| (2) | Weighted average maturity in years.

| (3) | Includes interest amounts, monetary restatement of the principal coupon and mark-to-market for debts hedged object to fair value hedge protection.

The maturity schedule of the loans and borrowings is presented on note 23.1.

67

| Interim Financial Information, Individual and Consolidated | June 30, 2024

On June 30, 2024 and on December 31, 2023 the Company did not have any financial covenant clauses related to its loans and borrowings agreements.

| 15.1. | Revolving credit facility

With the purpose of maintaining a prudential and sustainable short term liquidity position, in line with the adoption of measures to extend its average debt maturity and reduce the cost of debt, the Company renewed on October 26, 2022 from Banco do Brasil a revolving credit facility up to the limit of R$1,500,000 for a period of two years. The referenced credit facility can be withdrawn totally or partially, at the Company’s will, whenever necessary. As of June 30, 2024, the credit facility was available, but unused.

| 15.2. | Issuance of debentures

On June 27, 2024, the Company settled its fifth issuance of simple, non-convertible into shares, unsecured debentures, in three series as shown in the table below, for private placement, in the total amount of R$ 2,000,000.

The debentures were subject to Private Placement with ECO Securitizadora de Direitos Creditórios do Agronegócio S.A. (“Securitization Company”), in the context of its 332nd issuance of agribusiness receivables certificates, in three series, backed by agribusiness credit rights arising from the debentures, for public distribution.

Parent company and Consolidated
06.30.24
Operation |  | Series |  | Issue date |  | Maturity |  | Rate |  | Notional |  | Updated Value
Debenture - 5th Issue |  | 1st Series |  | 06.27.24 |  | 06.14.29 |  | CDI +0.8% p.a. |  | 140,000 |  | 135,707
Debenture - 5th Issue |  | 2nd Series |  | 06.27.24 |  | 06.13.31 |  | 12.9% p.a. |  | 925,000 |  | 894,874
Debenture - 5th Issue |  | 3rd Series |  | 06.27.24 |  | 06.14.34 |  | IPCA +7.2% p.a. |  | 935,000 |  | 908,714
|  |  |  |  |  |  |  |  |  | 2,000,000 |  | 1,939,295

The issuances costs of R$62,320 are recognized on the statement of income over the term of the debt according to the effective interest rate method.

| 15.3. | Guarantees

| Parent company |  | Consolidated
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Total loans and borrowings | 19,606,704 |  | 17,699,302 |  | 22,317,584 |  | 20,095,548
Mortgage guarantees |  |  |  |  |  |  |
Related to tax incentives | 8,140 |  | 6,604 |  | 8,140 |  | 6,604

On June 30, 2024, the amount of bank guarantees contracted by the Company was of R$187,764 (R$207,006 as of December 31, 2023) which were offered mainly in litigations involving the Company’s use of tax credits. These guarantees have an average cost of 1.64% p.a. (1.64% p.a. as of December 31, 2023).

68

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 16. | Trade accounts payable

| Parent company |  | Consolidated
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Trade accounts payable |  |  |  |  |  |  |
Domestic market |  |  |  |  |  |  |
Third parties | 10,188,771 |  | 10,367,364 |  | 10,381,397 |  | 10,575,915
Related parties | 475,118 |  | 229,650 |  | 141,687 |  | 21,482
Foreign market |  |  |  |  |  |  |
Third parties | 1,097,031 |  | 1,048,472 |  | 2,529,777 |  | 2,157,491
Related parties | 3,044,165 |  | 2,527,384 |  | 15,113 |  | 3,663
| 14,805,085 |  | 14,172,870 |  | 13,067,974 |  | 12,758,551
(-) Adjustment to present value | (155,939) |  | (160,460) |  | (162,921) |  | (166,123)
| 14,649,146 |  | 14,012,410 |  | 12,905,053 |  | 12,592,428
Current | 14,647,192 |  | 14,011,988 |  | 12,903,099 |  | 12,592,006
Non-current | 1,954 |  | 422 |  | 1,954 |  | 422

The Company has agreements with several financial institutions that allow the suppliers to anticipate their receivables and, therefore, transfer the right to receive invoices with financial institutions (“Supply Chain Finance” or “Program”). The suppliers may choose whether to participate and if so, with which financial institution, with no participation by BRF.

The Program can generate benefits in the commercial relations of BRF and its suppliers, such as preference and priority of supply in case of restricted supply, better commercial conditions, among others, without modification to the commercial essence of the transaction.

Invoices included in the Program are paid according to the same price and term conditions negotiated with its suppliers, without incurring any charge to the Company, so that there are no changes in commercial conditions after negotiation and invoicing of goods or services.

Invoices included in the Supply Chain Finance are R$4,117,000 in the Parent Company and R$4,347,055 in the Consolidated on June 30, 2024 (R$4,760,488 in the Parent Company and R$4,941,716 in the Consolidated on December 31, 2023).

The Company measures and discriminates the adjustment to present value for all its commercial operations carried out in installments, specifying financial and operational items.

| 17. | Leases

The Company is lessee in several lease agreements for forest lands, offices, distribution centers, outgrowers, vehicles, among others. Some contracts have a renewal option for an additional period at the end of the agreement, established by contractual amendments. Automatic renewals or renewals for undetermined periods are not allowed.

The contract clauses mentioned, with respect to renewal, readjustment and purchase option, are contracted according to market practices. In addition, there are no clauses of contingent payments or restrictions on dividends distribution, payments of interest on shareholders’ equity or obtaining debt.

69

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 17.1. | Right-of-use assets

The right-of-use assets as set forth below are part of the balances of property, plant and equipment and intangible assets (note 13).

| Parent company
| Average rate (1) |  | 12.31.23 |  | Additions |  | Disposals |  | 06.30.24
Cost |  |  |  |  |  |  |  |  |
Land |  |  | 43,554 |  | 126 |  | (4,063) |  | 39,617
Buildings, facilities and improvements |  |  | 4,006,200 |  | 420,904 |  | (112,970) |  | 4,314,134
Machinery and equipment |  |  | 253,408 |  | 15,520 |  | (113,542) |  | 155,386
Vehicles |  |  | 188,004 |  | 84,430 |  | (7,668) |  | 264,766
|  |  | 4,491,166 |  | 520,980 |  | (238,243) |  | 4,773,903
Depreciation |  |  |  |  |  |  |  |  |
Land | 3.10% |  | (18,978) |  | (2,193) |  | 3,632 |  | (17,539)
Buildings, facilities and improvements | 13.04% |  | (1,478,573) |  | (288,566) |  | 97,358 |  | (1,669,781)
Machinery and equipment | 19.96% |  | (52,475) |  | (20,215) |  | 26,993 |  | (45,697)
Vehicles | 17.31% |  | (78,558) |  | (49,177) |  | 7,078 |  | (120,657)
|  |  | (1,628,584) |  | (360,151) |  | 135,061 |  | (1,853,674)
|  |  | 2,862,582 |  | 160,829 |  | (103,182) |  | 2,920,229

| (1) | Weighted average annual rate.

| Consolidated
| Average rate (1) |  | 12.31.23 |  | Additions |  | Disposals |  | Monetary correction by Hyperinflation |  | Exchange rate variation |  | 06.30.24
Cost |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 130,072 |  | 126 |  | (4,194) |  | 6,591 |  | 12,956 |  | 145,551
Buildings, facilities and improvements |  |  | 4,345,335 |  | 452,824 |  | (270,493) |  | (6,609) |  | 35,769 |  | 4,556,826
Machinery and equipment |  |  | 298,548 |  | 28,797 |  | (126,235) |  | (898) |  | 48 |  | 200,260
Vehicles |  |  | 422,558 |  | 269,737 |  | (153,799) |  | 10,538 |  | 46,274 |  | 595,308
|  |  | 5,196,513 |  | 751,484 |  | (554,721) |  | 9,622 |  | 95,047 |  | 5,497,945
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  |
Land | 6.98% |  | (41,450) |  | (4,619) |  | 3,763 |  | (62) |  | (3,552) |  | (45,920)
Buildings, facilities and improvements | 14.06% |  | (1,736,196) |  | (319,590) |  | 249,753 |  | (3,388) |  | (25,680) |  | (1,835,101)
Machinery and equipment | 19.99% |  | (81,950) |  | (25,102) |  | 39,687 |  | (3,368) |  | (456) |  | (71,189)
Vehicles | 43.78% |  | (226,910) |  | (107,723) |  | 70,011 |  | 736 |  | (21,282) |  | (285,168)
|  |  | (2,086,506) |  | (457,034) |  | 363,214 |  | (6,082) |  | (50,970) |  | (2,237,378)
|  |  | 3,110,007 |  | 294,450 |  | (191,507) |  | 3,540 |  | 44,077 |  | 3,260,567

| (1) | Weighted average annual rate.

| 17.2. | Lease liabilities

|  |  | Parent company
| Weighted average interest rate (p.a.) |  | WAM (1) |  | 12.31.23 |  | Additions |  | Payments |  | Interest paid |  | Interest accrued |  | Disposals |  | 06.30.24
Land | - |  | - |  | 30,249 |  | 126 |  | (1,960) |  | (1,879) |  | 1,879 |  | (911) |  | 27,504
Buildings, facilities and improvements (2) | - |  | - |  | 3,093,021 |  | 420,904 |  | (258,639) |  | (69,703) |  | 154,508 |  | (36,113) |  | 3,303,978
Machinery and equipment | - |  | - |  | 214,509 |  | 15,520 |  | (17,391) |  | (11,831) |  | 11,831 |  | (92,857) |  | 119,781
Vehicles | - |  | - |  | 122,354 |  | 84,430 |  | (47,206) |  | (7,558) |  | 7,558 |  | (6,810) |  | 152,768
| 10.0% |  | 6.4 |  | 3,460,133 |  | 520,980 |  | (325,196) |  | (90,971) |  | 175,776 |  | (136,691) |  | 3,604,031
Current |  |  |  |  | 835,154 |  |  |  |  |  |  |  |  |  |  |  | 887,611
Non-current |  |  |  |  | 2,624,979 |  |  |  |  |  |  |  |  |  |  |  | 2,716,420

| (1) | Weighted average maturity in years.

| (2) | Includes the amount of R$2,223,464 in the Parent Company and in the Consolidated (R$1,984,044 in the Parent Company and in the Consolidated on December 31, 2023) referring to the right of use identified on integrated producers contracts.

70

| Interim Financial Information, Individual and Consolidated | June 30, 2024

|  |  | Consolidated
| Weighted average interest rate (p.a.) |  | WAM (1) |  | 12.31.23 |  | Additions |  | Payments |  | Interest paid |  | Interest accrued |  | Disposals |  | Exchange rate variation |  | 06.30.24
Land | - |  | - |  | 106,695 |  | 126 |  | (3,168) |  | (4,644) |  | 4,644 |  | (911) |  | 11,135 |  | 113,877
Buildings, facilities and improvements (2) | - |  | - |  | 3,174,862 |  | 452,824 |  | (291,063) |  | (73,011) |  | 157,816 |  | (41,522) |  | 10,890 |  | 3,390,796
Machinery and equipment | - |  | - |  | 225,272 |  | 28,797 |  | (19,680) |  | (12,961) |  | 12,961 |  | (92,901) |  | (23) |  | 141,465
Vehicles | - |  | - |  | 215,018 |  | 269,737 |  | (104,106) |  | (13,535) |  | 13,535 |  | (91,613) |  | 25,147 |  | 314,183
| 9.8% |  | 6.3 |  | 3,721,847 |  | 751,484 |  | (418,017) |  | (104,151) |  | 188,956 |  | (226,947) |  | 47,149 |  | 3,960,321
Current |  |  |  |  | 944,326 |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,047,317
Non-current |  |  |  |  | 2,777,521 |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,913,004

(1) |  | Weighted average maturity in years.

(2) |  | Includes the amount of R$2,223,464 in the Parent Company and in the Consolidated (R$1,984,044 in the Parent Company and in the Consolidated on December 31, 2023) referring to the right of use identified on integrated producers contracts.

| 17.3. | Lease liabilities maturity schedule

The maturity schedule of the minimum required future payments is presented below:

| Parent company |  | Consolidated
| 06.30.24 |  | 06.30.24
Current | 887,611 |  | 1,047,317
Non-current | 2,716,420 |  | 2,913,004
2025 | 323,859 |  | 366,394
2026 | 568,907 |  | 608,838
2027 | 488,421 |  | 517,820
2028 | 334,114 |  | 358,608
2029 onwards | 1,001,119 |  | 1,061,344
| 3,604,031 |  | 3,960,321

| 17.4. | Amounts recognized in the statement of income

The amounts directly recognized in the statement of income presented below relate to items not capitalized, including low-value assets, short-term leases and leases with variable payments.

|  | Parent Company |  | Consolidated
|  | 2024 |  | 2024
|  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Variable payments not included in the lease liabilities |  | 935 |  | 1,763 |  | 10,128 |  | 19,310
Expenses related to short-term leases |  | 2,844 |  | 9,354 |  | 4,306 |  | 23,511
Expenses related to low-value assets |  | 1,555 |  | 4,652 |  | 1,571 |  | 4,777
|  | 5,334 |  | 15,769 |  | 16,005 |  | 47,598

| 18. | Share-based payment

The rules for the restricted shares plans granted to executives were disclosed in the financial statements for the year ended December 31, 2023 (note 18).

The breakdown of the outstanding shares granted is set forth as follows:

71

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Date |  | Quantity |  | Grant (1)
Grant |  | Vesting date |  | Shares granted |  | Outstanding shares |  | Fair value of the shares
07/01/21 |  | 07/01/24 (2) |  | 2,883,737 |  | 139,644 |  | 28.58
07/01/22 |  | 07/01/25 |  | 4,703,472 |  | 1,500,898 |  | 14.11
06/01/23 |  | 06/01/26 |  | 4,758,877 |  | 3,113,413 |  | 7.38
07/01/23 |  | 07/01/26 |  | 2,108,504 |  | 1,930,951 |  | 8.98
04/01/24 |  | 04/01/27 |  | 2,323,377 |  | 2,323,377 |  | 16.35
|  |  |  | 16,777,967 |  | 9,008,283 |  |

| (1) | Amounts expressed in Brazilian Reais.

| (2) | The shares were delivered on July 01, 2024.

The rollforward of the granted options and shares for the year ended on June 30, 2024, is presented as follows:

|  | Consolidated
Outstanding stocks as of December 31, 2023 |  | 9,234,128
Exercised / Delivered |  | (2,558,609)
Granted |  |
Restricted stocks - April 2024 |  | 2,323,377
Forfeiture (1) : |  |
Restricted stocks – grant of July, 2023 |  | (152,318)
Restricted stocks – grant of June, 2023 |  | (88,766)
Restricted stocks – grant of July, 2022 |  | (81,260)
Restricted stocks – grant of July, 2021 |  | (11,990)
True up: |  |
Performance stocks |  | 343,721
Outstanding stocks as of June 30, 2024 |  | 9,008,283

| (1) | The forfeitures are related to the resignation of eligible executive before the end of the vesting period.

The Company has registered under shareholders’ equity, the fair value of share-based compensation plans in the amount of R$185,265 (R$203,374 as of December 31, 2023) and in the amount of R$61,623 under non-current liabilities (R$19,821 of December 31, 2023). In the statement of income for the six-month period ended on June 30, 2024 the amount recognized as expense was R$67,371 in the Parent Company and R$72,718 in the Consolidated (R$12,100 in the Parent Company and R$12,919 in the Consolidated in the same period of the previous year) and for the three-month ended June 30, 2024 the amount recognized as expense was R$39,082 in the Parent Company and R$44,373 in the Consolidated (R$10,440 in the Parent Company and R$11,259 in the Consolidated in the same period of the previous year).

| 19. | Employees benefits

The Company offers pension and other post-employment plans to the employees. The characteristics of such benefits were disclosed in the annual financial statements for the year ended on December 31, 2023 (note 19) and have not been changed during the following periods. The actuarial liabilities are presented below:

72

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Parent company |  | Consolidated
| Liabilities |  | Liabilities
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Medical assistance | 68,622 |  | 65,522 |  | 69,380 |  | 66,245
F.G.T.S. Penalty (1) | 73,369 |  | 70,535 |  | 73,369 |  | 70,535
Award for length of service | 131,438 |  | 125,991 |  | 131,438 |  | 125,991
Other (2) | 64,118 |  | 61,577 |  | 314,589 |  | 278,050
| 337,547 |  | 323,625 |  | 588,776 |  | 540,821
Current | 58,894 |  | 58,894 |  | 87,595 |  | 86,423
Non-current | 278,653 |  | 264,731 |  | 501,181 |  | 454,398

| (1) | FGTS – Government Severance Indemnity Fund for Employees.

| (2) | Includes retirement bonus, life insurance and liabilities related to subsidiaries located abroad, if certain conditions are met upon termination, in accordance with the legislation of each country.

| 20. | Provision for tax, civil and labor risks

The Company and its subsidiaries are involved in certain legal matters arising in the normal course of business, which include tax, social security, labor, civil, environmental, administrative and other processes.

Company’s Management believes that, based on the elements existing at the base date of these interim financial information, the provision for tax, labor, civil, environmental, administrative and other risks, is sufficient to cover eventual losses with administrative and legal proceedings, as set forth below.

The rollforward of the provisions for tax, labor, civil, environmental, administrative and other risks, classified as with probable loss, and contingent liabilities is presented below:

| Parent company
|  |  |  |  |  |  |  |  | 06.30.24
| Tax |  | Labor |  | Civil and other |  | Contingent liabilities (1) |  | Total
Beginning balance | 321,124 |  | 430,420 |  | 349,255 |  | 58,941 |  | 1,159,740
Additions | 98,515 |  | 151,882 |  | 22,653 |  | - |  | 273,050
Reversals | (93,642) |  | (59,179) |  | (22,018) |  | (3,946) |  | (178,785)
Payments | (74,323) |  | (103,368) |  | (11,603) |  | - |  | (189,294)
Interest | 20,458 |  | 38,341 |  | 12,624 |  | - |  | 71,423
Ending balance | 272,132 |  | 458,096 |  | 350,911 |  | 54,995 |  | 1,136,134
Current |  |  |  |  |  |  |  |  | 658,223
Non-current |  |  |  |  |  |  |  |  | 477,911

| (1) | Contingent liabilities recognized at fair value as of the acquisition date, arising from the business combination with Sadia.

73

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Consolidated
|  |  |  |  |  |  |  |  | 06.30.24
| Tax |  | Labor |  | Civil and other |  | Contingent liabilities (1) |  | Total
Beginning balance | 321,995 |  | 435,929 |  | 352,414 |  | 92,832 |  | 1,203,170
Additions | 98,518 |  | 152,784 |  | 22,678 |  | - |  | 273,980
Reversals | (93,642) |  | (60,726) |  | (22,038) |  | (3,946) |  | (180,352)
Payments | (74,323) |  | (103,368) |  | (11,603) |  | - |  | (189,294)
Interest | 20,504 |  | 38,461 |  | 12,799 |  | - |  | 71,764
Exchange rate variation | - |  | 118 |  | 11 |  | - |  | 129
Ending balance | 273,052 |  | 463,198 |  | 354,261 |  | 88,886 |  | 1,179,397
Current |  |  |  |  |  |  |  |  | 661,690
Non-current |  |  |  |  |  |  |  |  | 517,707

| (1) | Contingent liabilities recognized at fair value as of the acquisition date, arising from the business combination with Sadia, Hercosul and Mogiana.

The Company is involved in contingencies for which losses are possible, in accordance with the assessment prepared by Management with support from legal advisors. On June 30, 2024, the total amount of contingencies classified as possible was R$19,255,803 (R$18,627,512 on December 31, 2023) and have the same characteristics of those disclosed on December 31, 2023 financial statements and on June 30, 2024. Of these, R$16,711,874 (R$16,082,532 as of December 31, 2023) are of a tax nature, R$319,143 and (R$304,133 as of December 31, 2023) labor nature and R$2,224,786 (R$2,240,847 as of December 31, 2023) civil and other nature, and, of which solely the ones arising from the business combination with Sadia, Hercosul and Mogiana are provisioned, measured by the estimated fair value at the business combination date: R$88,886 (R$92,832 as of December 31, 2023).

| 21. | Equity

| 21.1. | Capital Stock

On June 30, 2024, the subscribed and paid capital of the Company was R$13,653,418, which is composed of 1,682,473,246 common book-entry shares with no par value. The value of the capital stock is net of the public offering expenses of R$304,262.

| 21.1.1. | Rollforward of outstanding shares

Outstanding shares are determined by the number of common shares reduced by the number of shares held in treasury.

|  |  |  | Parent company
Quantity of outstanding of shares
|  | 06.30.24 |  | 12.31.23
Beginning balance |  | 1,678,656,067 |  | 1,078,116,849
Repurchase of shares |  | (22,131,900) |  | -
Issue of shares on 07.13.23 |  | - |  | 600,000,000
Delivery of restricted shares |  | 2,023,208 |  | 539,218
Ending balance |  | 1,658,547,375 |  | 1,678,656,067

74

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 21.2. | Capital reserves and other equity transactions

The capital reserves contemplate the balances related with results on the sale, issue and exchange of stocks, in compatibility with the Law 6.404/1976 (“Lei das S.A”) – Brazilian Corporate Law.

Parent company and Consolidated
|  | 06.30.24 |  | 12.31.23
Capital reserves |  | 2,763,364 |  | 2,763,364
Other equity transactions |  | (88,215) |  | (70,106)
Share-based payments |  | 185,265 |  | 203,374
Acquisition of non-controlling interest |  | (273,260) |  | (273,260)
Capital transactions with controlled entities |  | (220) |  | (220)

| 21.3. | Treasury shares

The rollforward in treasury shares in the period ended June 30, 2024, is presented below:

|  |  |  | Parent company
Quantity of outstanding of shares
|  | 06.30.24 |  | 12.31.23
Shares at the beggining of the period |  | 3,817,179 |  | 4,356,397
Repurchase of shares |  | 22,131,900 |  | -
Delivery of restricted shares |  | (2,023,208) |  | (539,218)
Shares at the end of the period (1) |  | 23,925,871 |  | 3,817,179

| (1) | Treasury shares are registered at an average cost, in units of Reais, of R$17.06 per share.

| 21.4. | Repurchase of shares

On December 7, 2023, the Company's Board of Directors approved the creation of a program for the acquisition of shares issued by the Company up to the limit of 14,000,000 common shares, within a maximum period of 18 months (“Program I”), which was completed on April 04, 2024.

On May 7, 2024, the Company's Board of Directors approved the creation of a new program for the acquisition of shares issued by the Company up to the limit of 14,000,000 common shares, within a maximum period of 18 months (“Program II”).

The share repurchase was as follows:

75

| Interim Financial Information, Individual and Consolidated | June 30, 2024

|  | 2024
|  | Jan - mar |  | Apr - jun |  | Jan - jun |  | Subsequent event |  | Total
Program I |  |  |  |  |  |  |  |  |  |
Number of shares acquired |  | 10,219,600 |  | 3,780,400 |  | 14,000,000 |  | - |  | 14,000,000
Average unit price (in units of reais) |  | 13.22 |  | 16.15 |  | 14.01 |  | - |  | 14.01
Total value |  | 135,095 |  | 61,042 |  | 196,137 |  | - |  | 196,137
Program II |  |  |  |  |  |  |  |  |  |
Number of shares acquired |  | - |  | 8,131,900 |  | 8,131,900 |  | 3,454,300 |  | 11,586,200
Average unit price (in units of reais) |  | - |  | 18.71 |  | 18.71 |  | 21.96 |  | 19.68
Total value |  | - |  | 152,138 |  | 152,138 |  | 75,853 |  | 227,991
Total |  |  |  |  |  |  |  |  |  |
Number of shares acquired |  | 10,219,600 |  | 11,912,300 |  | 22,131,900 |  | 3,454,300 |  | 25,586,200
Average unit price (in units of reais) |  | 13.22 |  | 17.90 |  | 15.74 |  | 21.96 |  | 16.58
Total value |  | 135,095 |  | 213,180 |  | 348,275 |  | 75,853 |  | 424,128

The Company, considering the movements presented in the table above as a subsequent event, up to the date of approval of this Interim Financial Information, now holds 27,380,171 treasury shares, recorded at the average cost, in units of reais, of R$17.68 per share.

| 22. | Earnings (loss) per share

| 2024 |  | 2023
| Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Basic numerator |  |  |  |  |  |  |
Net income (loss) for the period attributable to controlling shareholders | 987,752 |  | 1,492,745 |  | (1,358,908) |  | (2,392,927)
Basic denominator |  |  |  |  |  |  |
Common shares | 1,682,473,246 |  | 1,682,473,246 |  | 1,082,473,246 |  | 1,082,473,246
Weighted average number of outstanding shares - basic | 1,665,884,834 |  | 1,665,884,834 |  | 1,078,140,954 |  | 1,078,140,954
Net income (loss) per share basic - R$ | 0.59 |  | 0.90 |  | (1.26) |  | (2.22)
Diluted numerator |  |  |  |  |  |  |
Net income (loss) for the period attributable to controlling shareholders | 987,752 |  | 1,492,745 |  | (1,358,908) |  | (2,392,927)
Diluted denominator |  |  |  |  |  |  |
Weighted average number of outstanding shares - basic | 1,665,884,834 |  | 1,665,884,834 |  | 1,078,140,954 |  | 1,078,140,954
Number of potential shares | 1,603,019 |  | 1,603,019 |  | - |  | -
Weighted average number of outstanding shares - diluted | 1,667,487,853 |  | 1,667,487,853 |  | 1,078,140,954 |  | 1,078,140,954
Net income (loss) per share diluted - R$ | 0.59 |  | 0.90 |  | (1.26) |  | (2.22)

| 23. | Financial instruments and risk management

| 23.1. | Overview

In the ordinary course of business, the Company is exposed to credit, liquidity and market risks, which are actively managed in compliance with the Financial Risk Management Policy (“Risk Policy”) and internal guidelines and strategic documents subject to such policy. The Risk Policy was approved by the Board of Directors on December 7, 2023, valid until the end of 2024 and is available at the Company’s website.

The Company’s risk management strategy, guided by the Risk Policy, has as main objectives:

» |  | To protect the Company’s operating and financial results, as well as its equity from adverse changes in the market prices, particularly commodities, foreign exchange and interests;

76

| Interim Financial Information, Individual and Consolidated | June 30, 2024

» |  | To protect the Company against counterparty risks in existing financial operations as well as to establish guidelines for sustaining the necessary liquidity to fulfil its financial commitments;

» |  | To protect the cash of Company against price volatilities, adverse conditions in the markets in which the Company acts and adverse conditions in its production chain.

The Risk Policy defines the governance of the bodies responsible for the execution, tracking and approval of the risk management strategies, as well as the limits and instruments that can be used.

Additionally, the Management of the Company approved the following policies on November 10, 2021, which are available at the Company’s website:

» |  | Financial Policy, which aims to: (i) establish guidelines for the management of the Company's financial debt and capital structure; and (ii) guide the Company's decision-making in connection with cash management (financial investments).

» |  | Profit Allocation Policy, which aims to establish the practices adopted by the Company regarding the allocation of its profits, providing, among others, the periodicity of payment of dividends and the baseline used to establish the respective amount.

i) Indebtedness

The ideal capital structure definition at BRF is essentially associated with (i) strong cash position as a tolerance factor for liquidity shocks, which includes minimum cash analysis; (ii) net indebtedness; and (iii) minimization of the capital opportunity cost.

On June 30, 2024, the non-current consolidated gross debt, as presented below, represented 89.14% (87.65% as of December 31, 2023) of the total gross debt, which has an average term higher than eight years.

The Company monitors the gross debt and net debt as set forth below:

| Consolidated
| 06.30.24 |  | 12.31.23
| Current |  | Non-current |  | Total |  | Total
Foreign currency loans and borrowings | (913,769) |  | (10,814,249) |  | (11,728,018) |  | (11,093,385)
Local currency loans and borrowings | (1,245,558) |  | (9,344,008) |  | (10,589,566) |  | (9,002,163)
Derivative financial instruments, net | (239,538) |  | 477,952 |  | 238,414 |  | 502,293
Gross debt | (2,398,865) |  | (19,680,305) |  | (22,079,170) |  | (19,593,255)
Cash and cash equivalents | 11,457,858 |  | - |  | 11,457,858 |  | 9,264,664
Marketable securities | 479,224 |  | 1,119,189 |  | 1,598,413 |  | 767,873
Restricted cash | 14,536 |  | 76,109 |  | 90,645 |  | 86,209
| 11,951,618 |  | 1,195,298 |  | 13,146,916 |  | 10,118,746
Net debt | 9,552,753 |  | (18,485,007) |  | (8,932,254) |  | (9,474,509)

ii) Derivative financial instruments

Summarized financial position of derivative financial instruments, that aim to protect the risks described below:

77

| Interim Financial Information, Individual and Consolidated | June 30, 2024

|  | Parent company |  | Consolidated
| Note | 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Assets |  |  |  |  |  |  |  |
Designated as hedge accounting |  |  |  |  |  |  |  |
Foreign exchange risk on statement of financial position | 23.2.1 i) | 103,952 |  | - |  | 103,952 |  | -
Foreign exchange risk on operating income | 23.2.1 ii) | 5,854 |  | 103,558 |  | 5,854 |  | 103,558
Commodities price risk | 23.2.2 | 24,796 |  | 5,510 |  | 24,796 |  | 5,510
Interest rate risk | 23.2.3 | 408,175 |  | 529,830 |  | 408,175 |  | 529,830
Not designated as hedge accounting |  |  |  |  |  |  |  |
Foreign exchange risk on statement of financial position | 23.2.1 i) | 5,470 |  | 154 |  | 5,470 |  | 154
|  | 548,247 |  | 639,052 |  | 548,247 |  | 639,052
Current assets |  | 35,524 |  | 109,222 |  | 35,524 |  | 109,222
Non-current assets |  | 512,723 |  | 529,830 |  | 512,723 |  | 529,830
Liabilities |  |  |  |  |  |  |  |
Designated as hedge accounting |  |  |  |  |  |  |  |
Foreign exchange risk on statement of financial position | 23.2.1 i) | - |  | (52,149) |  | - |  | (52,149)
Foreign exchange risk on operating income | 23.2.1 ii) | (242,450) |  | (7,600) |  | (242,450) |  | (7,600)
Commodities price risk | 23.2.2 | (23,927) |  | (14,363) |  | (23,927) |  | (14,363)
Interest rate risk | 23.2.3 | (34,880) |  | - |  | (34,880) |  | -
Not designated as hedge accounting |  |  |  |  |  |  |  |
Foreign exchange risk on statement of financial position | 23.2.1 i) | (6,689) |  | (59,819) |  | (8,576) |  | (62,647)
|  | (307,946) |  | (133,931) |  | (309,833) |  | (136,759)
Current liabilities |  | (273,175) |  | (74,112) |  | (275,062) |  | (76,940)
Non-current liabilities |  | (34,771) |  | (59,819) |  | (34,771) |  | (59,819)
Position of derivative financial instruments - net |  | 240,301 |  | 505,121 |  | 238,414 |  | 502,293

iii) Financial commitments

The table below summarizes the significant commitments and contractual obligations that may impact the Company’s liquidity:

| Parent company
| 06.30.24
| Book value |  | Contractual cash flow |  | Up to 12 months |  | Jul - Dec 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 onwards
Non derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and borrowings | 19,606,704 |  | 30,578,492 |  | 2,901,144 |  | 1,226,059 |  | 1,924,081 |  | 4,107,550 |  | 1,833,692 |  | 18,585,966
Principal |  |  | 19,685,302 |  | 1,612,771 |  | 629,649 |  | 802,295 |  | 3,052,660 |  | 1,010,977 |  | 12,576,950
Interest |  |  | 10,893,190 |  | 1,288,373 |  | 596,410 |  | 1,121,786 |  | 1,054,890 |  | 822,715 |  | 6,009,016
Trade accounts payable | 14,649,146 |  | 14,805,085 |  | 14,802,875 |  | 614 |  | 1,596 |  | - |  | - |  | -
Lease liabilities | 3,604,031 |  | 4,603,960 |  | 948,412 |  | 369,747 |  | 694,009 |  | 636,638 |  | 465,337 |  | 1,489,817
Derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments designated hedge accounting for protection of:
Interest rate risk | 34,880 |  | 34,881 |  | 109 |  | 95 |  | 344 |  | 528 |  | 666 |  | 33,139
Foreign exchange risk | 242,450 |  | 242,450 |  | 242,450 |  | - |  | - |  | - |  |  |  | -
Commodities price risk | 23,927 |  | 23,927 |  | 23,927 |  | - |  | - |  | - |  | - |  | -
Financial instruments not designated as hedge accounting for protection of:
Foreign exchange risk | 6,689 |  | 6,689 |  | - |  | - |  | - |  | - |  | - |  | -

78

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Consolidated
| 06.30.24
| Book value |  | Contractual cash flow |  | Up to 12 months |  | Jul - Dec 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 onwards
Non derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and borrowings | 22,317,584 |  | 33,607,683 |  | 3,256,095 |  | 1,294,071 |  | 4,525,868 |  | 4,111,991 |  | 1,833,692 |  | 18,585,966
Principal |  |  | 22,390,317 |  | 1,807,621 |  | 633,164 |  | 3,305,430 |  | 3,056,175 |  | 1,010,977 |  | 12,576,950
Interest |  |  | 11,217,366 |  | 1,448,474 |  | 660,907 |  | 1,220,438 |  | 1,055,816 |  | 822,715 |  | 6,009,016
Trade accounts payable | 12,905,053 |  | 13,067,974 |  | 13,065,764 |  | 614 |  | 1,596 |  | - |  | - |  | -
Lease liabilities | 3,960,321 |  | 5,033,937 |  | 1,119,058 |  | 418,309 |  | 742,720 |  | 674,958 |  | 499,451 |  | 1,579,441
Derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments designated hedge accounting for protection of:
Interest rate risk | 34,880 |  | 34,881 |  | 109 |  | 95 |  | 344 |  | 528 |  | 666 |  | 33,139
Foreign exchange risk | 242,450 |  | 242,450 |  | 242,450 |  | - |  | - |  | - |  | - |  | -
Commodities price risk | 23,927 |  | 23,927 |  | 23,927 |  | - |  | - |  | - |  | - |  | -
Financial instruments not designated as hedge accounting for protection of:
Foreign exchange risk | 8,576 |  | 8,576 |  | 8,576 |  | - |  | - |  | - |  | - |  | -

The Company does not expect that the cash outflows to fulfill the obligations shown above will be significantly anticipated by factors unrelated to its best interests, or have its value substantially modified outside the normal course of business.

| 23.2. | Market risk management

| 23.2.1. | Foreign exchange risk

The risk is the one that may cause unexpected losses to the Company resulting from volatility of the FX rates, reducing its assets and revenues, or increasing its liabilities and costs. The Company’s exposure is managed in three dimensions: statement of financial position exposure, operating income exposure and investments exposure.

i) Statement of financial position exposure

The Risk Policy regarding statement of financial position exposure has the objective to balance assets and liabilities denominated in foreign currencies, hedging the Company’s statement of financial position by using natural hedges, over-the-counter derivatives and exchange traded futures.

Assets and liabilities denominated in foreign currency for which the exchange variations are recognized in the Financial Results are as follows, summarized in Brazilian Reais:

|  | Consolidated
|  | 06.30.24 |  | 12.31.23
Cash and cash equivalents |  | 3,040,157 |  | 2,970,268
Trade accounts receivable |  | 5,371,157 |  | 4,788,635
Trade accounts payable |  | (1,268,674) |  | (1,195,133)
Loans and borrowings |  | (9,028,445) |  | (8,715,484)
Other assets and liabilities, net |  | 253,873 |  | (30,310)
Exposure of assets and liabilities in foreign currencies |  | (1,631,932) |  | (2,182,024)
Derivative financial instruments (hedge) |  | 967,249 |  | 2,033,346
Exposure in result, net |  | (664,683) |  | (148,678)

The net exposure in Reais is mainly composed of the following currencies:

79

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Net Exposure (1) |  | 06.30.24 |  | 12.31.23
U.S. Dollars (USD) |  | (1,118,458) |  | (513,164)
Euros (EUR) |  | (73,565) |  | (25,050)
Yen (JPY) |  | 329 |  | (1,241)
Angolan kwanza (AOA) |  | 213,112 |  | 97,368
Turkish Liras (TRY) |  | 240,976 |  | 76,439
Argentinian Peso (ARS) |  | (2,635) |  | (3,146)
Chilean Pesos (CLP) |  | 75,558 |  | 220,116
Total |  | (664,683) |  | (148,678)

| (1) | The Company is exposed to other currencies, although they have been grouped in the currencies above due to its high correlation or for not being individually significant.

The Company holds more financial liabilities in foreign currencies than assets and, therefore, holds derivative financial instruments to reduce such exposure.

As a result of this protection strategy the Company recognized as Financial Expenses in the Consolidate an income of foreign exchange of derivatives of R$203,921 for the six-month period ended on June 30, 2024 (expense of R$361,512 in the same period of the previous year), and for the three-month period ended June 30, 2024, an income of R$130,736 (expense of R$252,708 in the same period of the previous year). The exchange rate variation of assets and liabilities in the Consolidate was R$48,165 for the six-month period ended on June 30, 2024 (income of R$283,659 in the same period of the previous year) and for the three-month period ended June 30, 2024 was R$127,376 (income of R$140,465 in the same period of the previous year).

The derivative financial instruments acquired to hedge the foreign currency statement of financial position exposure on June 30, 2024 and are set forth below:

06.30.24
Derivative instruments not designated |  | Asset |  | Liability |  | Maturity |  | Notional |  | Exercise rate |  | Fair value (R$)
Parent company |  |  |  |  |  |  |  |  |  |  |  |  |
Non-deliverable forward |  | USD |  | CLP |  | 3rd Qtr. 2024 |  | CLP | 15,000 |  | 912.2000 |  | 2,655
Non-deliverable forward |  | USD |  | CLP |  | 4th Qtr. 2024 |  | CLP | 10,000 |  | 893.6000 |  | 2,815
Futures |  | BRL / USD |  | USD / BRL |  | 3rd Qtr. 2024 |  | USD | (587,500) |  | 5.5589 |  | (32,448)
Futures |  | BRL / USD |  | USD / BRL |  | 3rd Qtr. 2024 |  | USD | 501,500 |  | 5.5589 |  | 25,759
|  |  |  |  |  |  |  |  |  |  |  |  | (1,219)
Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |
Non-deliverable forward |  | EUR |  | TRY |  | 3rd Qtr. 2024 |  | EUR | 2,500 |  | 38.7800 |  | (1,887)
|  |  |  |  |  |  |  |  |  |  |  |  | (1,887)
Total Consolidated |  |  |  |  |  |  |  |  |  |  |  |  | (3,106)

06.30.24
Cash flow hedge - Derivative instruments |  | Hedged object |  | Maturity |  | Asset |  | Liability |  | Notional |  | Instrument |  | Fair value (2)
Parent company and consolidated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FX and interest rate swap |  | USD debt |  | 3rd Qtr. 2026 |  | FX + 4.35% p.a. |  | 86.52% CDI |  | USD | 145,000 |  | 50,577 |  | (1,815)
FX and interest rate swap |  | USD debt |  | 3rd Qtr. 2026 |  | FX + 4.35% p.a. |  | CDI - 0.51% |  | USD | 115,000 |  | 53,375 |  | (2,857)
|  |  |  |  |  |  |  |  |  |  | 260,000 |  | 103,952 |  | (4,672)

| (2) | Corresponds to the accumulated amount of fair value hedge adjustments on the hedged items.

80

| Interim Financial Information, Individual and Consolidated | June 30, 2024

06.30.24
Cash flow hedge - Derivative instruments |  | Hedged object |  | Maturity |  | Asset |  | Liability |  | Notional |  | Instrument |  | Fair value (2)
Parent company and consolidated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FX and interest rate swap |  | USD debt |  | 3rd Qtr. 2026 |  | FX + 4.35% p.a. |  | 86.52% CDI |  | USD | 145,000 |  | 50,577 |  | (1,815)
FX and interest rate swap |  | USD debt |  | 3rd Qtr. 2026 |  | FX + 4.35% p.a. |  | CDI - 0.51% |  | USD | 115,000 |  | 53,375 |  | (2,857)
|  |  |  |  |  |  |  |  |  |  | 260,000 |  | 103,952 |  | (4,672)

(2) Correspond to the not realized portion of the hedge which is registered in Other comprehensive income.

ii) Operating income exposure

The Risk Policy regarding operating income exposure has the objective to hedge revenues and costs denominated in foreign currencies. The Company is supported by internal models to measure and monitor these risks, and uses financial instruments for hedging, designating the relations as cash flow hedges.

The Company has more sales in foreign currency than expenditures and, therefore, holds derivative financial instruments to reduce such exposure.

As a result of this protection strategy the Company recognized in the Consolidate Net Revenue an income of R$6,618 for the six-month period ended on June 30, 2024 (R$155,901 in the same period of the previous year) and for the three-month period ended June 30, 2024, an expense of R$ 40,819 (R$100,695 in the same period of the previous year).

The derivative financial instruments designated as cash flow hedges for foreing exchange operating income exposure on June 30, 2024 are set forth below:

06.30.24
Cash flow hedge - Derivative instruments |  | Hedged object |  | Asset |  | Liability |  | Maturity |  | Notional |  | Designation rate |  | Fair value (1)
Parent company and consolidated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-deliverable forward |  | USD Exports |  | BRL |  | USD |  | 3rd Qtr. 2024 |  | USD | 135,500 |  | 5.3257 |  | (38,973)
Non-deliverable forward |  | USD Exports |  | BRL |  | USD |  | 4th Qtr. 2024 |  | USD | 137,000 |  | 5.3081 |  | (47,374)
Non-deliverable forward |  | USD Exports |  | BRL |  | USD |  | 1st Qtr. 2025 |  | USD | 84,500 |  | 5.3581 |  | (29,461)
Non-deliverable forward |  | USD Exports |  | BRL |  | USD |  | 2nd Qtr. 2025 |  | USD | 47,500 |  | 5.4656 |  | (13,677)
Collar |  | USD Exports |  | BRL |  | USD |  | 3rd Qtr. 2024 |  | USD | 417,500 |  | 5.2859 |  | (102,929)
Collar |  | USD Exports |  | BRL |  | USD |  | 4th Qtr. 2024 |  | USD | 32,500 |  | 5.5018 |  | (4,182)
|  |  |  |  |  |  |  |  |  |  | 854,500 |  |  |  | (236,596)

| (1) | Correspond to the not realized portion of the hedge which is registered in Other comprehensive income.

iii) Investments exposure

The Company holds both investments (net assets) and loans (financial liabilities) denominated in foreign currency. To balance the accounting effects of such exposures, some non-derivative financial liabilities are designated as hedging instruments for the investments exposure.

As a result of this strategy, the Company recognized expense of R$180,118, net of income tax, under Other comprehensive income for the six-month period ended on June 30, 2024 (income of R$152,809 in the same period of the previous year) and for the three-month period ended June 30, 2024, an expense of R$141,238 (income of R$99,867 in the same period of the previous year).

81

| Interim Financial Information, Individual and Consolidated | June 30, 2024

The non-derivative financial instruments designated as net investment hedge instruments on June 30, 2024 are set forth below:

06.30.24
Net investment hedge - Non-derivative instruments |  | Object (Investment) |  | Liability |  | Maturity |  | Notional |  | Rate |  | Exchange variation (1)
Parent company and consolidated |  |  |  |  |  |  |  |  |  |  |  |  |
Bond - BRF SA BRFSBZ 4.35 |  | Federal Foods LLC |  | USD |  | 3rd Qtr. 2050 |  | USD (2) | 44,158 |  | 3.7649 |  | (114,097)
Bond - BRF SA BRFSBZ 4.35 |  | BRF Kuwait Food Management Company WLL |  | USD |  | 3rd Qtr. 2050 |  | USD (2) | 88,552 |  | 3.7649 |  | (159,743)
Bond - BRF SA BRFSBZ 4.35 |  | Al Khan Foodstuff LLC |  | USD |  | 3rd Qtr. 2050 |  | USD (2) | 53,446 |  | 3.7649 |  | (108,539)
Bond - BRF SA BRFSBZ 4.35 |  | BRF Foods GmbH |  | USD |  | 3rd Qtr. 2050 |  | USD (3) | 170,721 |  | 5.1629 |  | (89,371)
Bond - BRF SA BRFSBZ 4.35 |  | Al-Wafi Al-Takamol International for Foods Products |  | USD |  | 3rd Qtr. 2050 |  | USD (3) | 23,426 |  | 5.1629 |  | (8,171)
|  |  |  |  |  |  |  |  | 380,303 |  |  |  | (479,921)

| (1) | Corresponds to the effective portion of the hedge result accumulated in Other Comprehensive Income.

| (2) | Designated on August 1st, 2019.

| (3) | Designated on November 9, 2022.

| 23.2.2. | Commodities price risk

The Company uses commodities as production inputs and is exposed to commodities price risk arising from future purchases. The management of such risk is performed through physical inventories, future purchases at fixed price and through derivative financial instruments.

The Risk Policy establishes coverage limits to the flow of purchases of corn, meal and soy, soybeans and soybean oil with the purpose of reducing the impact due to a price increase of these raw materials. The hedge may be reached using derivatives or by inventory management.

As a result of this protection strategy the Company recognized in the Consolidate Cost of goods sold an expense of R$133,128 for the six-month period ended on June 30, 2024 (income of R$19,307 in the same period of the previous year) and for the three-year ended June 30, 2024, an expense of R$12,385 (income of R$4,894 in the same period of the previous year).

The Company performs purchases at variable prices in future and spot markets and, to hedge such exposure, it holds derivative financial instruments in long position (buy) to fix these prices in advance.

The financial instruments designated as cash flow hedges for the variable commodities price exposure on June 30, 2024, are set forth below:

06.30.24
Cash flow hedge - Derivative instruments |  | Hedged object |  | Index |  | Maturity |  | Quantity |  | Exercise price (1) |  | Fair value
Parent company and consolidated |  |  |  |  |  |  |  |  |  |  |  |  |
Non-deliverable forward - buy |  | Corn purchase - floating price |  | Corn - CBOT |  | 4th Qtr. 2024 |  | 60,000 | ton |  | 166.04 |  | (129)
Non-deliverable forward - buy |  | Corn purchase - floating price |  | Corn - CBOT |  | 1st Qtr. 2025 |  | 60,000 | ton |  | 171.94 |  | (254)
Non-deliverable forward - buy |  | Corn purchase - floating price |  | Corn - CBOT |  | 2nd Qtr. 2025 |  | 40,001 | ton |  | 175.88 |  | (210)
Collar - buy |  | Corn purchase - floating price |  | Corn - CBOT |  | 4th Qtr. 2024 |  | 95,002 | ton |  | 181.59 |  | 4,108
Collar - buy |  | Corn purchase - floating price |  | Corn - CBOT |  | 1st Qtr. 2025 |  | 20,003 | ton |  | 177.85 |  | 1,170
Collar - buy |  | Corn purchase - floating price |  | Corn - B3 |  | 3rd Qtr. 2024 |  | 228,150 | ton |  | 1,017.60 |  | (902)
Collar - buy |  | Corn purchase - floating price |  | Corn - B3 |  | 4th Qtr. 2024 |  | 132,300 | ton |  | 1,097.79 |  | (1,853)
Non-deliverable forward - buy |  | Soybean oil purchase - floating price |  | Soybean oil - CBOT |  | 3rd Qtr. 2024 |  | 7,000 | ton |  | 1,038.04 |  | (2,598)
Non-deliverable forward - buy |  | Soybean oil purchase - floating price |  | Soybean oil - CBOT |  | 4th Qtr. 2024 |  | 2,000 | ton |  | 975.32 |  | (107)
|  |  |  |  |  |  |  | 644,456 |  |  |  |  | (775)

| (1) | Base price of each commodity in USD/ton, except for Corn – B3 denominated in R$/ton.

In certain cases, the Company performs futures purchases at fixed prices and, to hedge such exposure, it holds derivative financial instruments in short position (sell) to keep these prices at market value. The financial instruments designated as fair value hedges for the fixed commodities price exposure on June 30, 2024, are set forth below:

82

| Interim Financial Information, Individual and Consolidated | June 30, 2024

06.30.24
Fair value hedge - Derivative instruments |  | Hedged object |  | Index |  | Maturity |  | Quantity |  | Exercise price (1) |  | Fair value
Parent company and consolidated |  |  |  |  |  |  |  |  |  |  |  |  |
Non-deliverable forward - sell |  | Soybean purchase - fixed price |  | Soybean - CBOT |  | 4rd Qtr. 2024 |  | 3,201 | ton |  | 445.79 |  | 607
Non-deliverable forward - sell |  | Soybean purchase - fixed price |  | Soybean - CBOT |  | 1st Qtr. 2025 |  | 17,803 | ton |  | 428.31 |  | 1,491
Non-deliverable forward - sell |  | Corn purchase - fixed price |  | Corn - CBOT |  | 1st Qtr. 2025 |  | 9,001 | ton |  | 185.42 |  | 690
Non-deliverable forward - sell |  | Corn purchase - fixed price |  | Corn - CBOT |  | 3rd Qtr. 2025 |  | 8,217 | ton |  | 191.15 |  | 596
Corn future - sell |  | Corn purchase - fixed price |  | Corn - B3 |  | 1st Qtr. 2025 |  | 6,615 | ton |  | 1,134.93 |  | 64
Corn future - sell |  | Corn purchase - fixed price |  | Corn - B3 |  | 3rd. Qtr. 2025 |  | 42,120 | ton |  | 1,099.94 |  | 218
|  |  |  |  |  |  |  | 86,957 |  |  |  |  | 3,666

| (1) | Base price of each commodity in USD/ton, except for Corn – B3 denominated in R$/ton.

The Company assessed that part of its cost, future physical purchases of commodities in dollars, also generates foreign exchange exposure and therefore contracted the following derivatives and designated them as fair value hedges:

06.30.24
Fair value hedge - Derivative instruments |  | Protection object |  | Assets |  | Liabilities |  | Maturity |  | Notional |  | Exercise price |  | Fair value
Parent company and consolidated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-deliverable forward |  | Cost in USD |  | BRL |  | USD |  | 4th Qtr. 2024 |  | USD | 178 |  | 5.2386 |  | (76)
Non-deliverable forward |  | Cost in USD |  | BRL |  | USD |  | 1st Qtr. 2025 |  | USD | 8,893 |  | 5.4952 |  | (1,946)
|  |  |  |  |  |  |  |  |  |  | 9,071 |  |  |  | (2,022)

The outstanding and settled derivative instruments of commodity risk hedging strategies represent effects on the balance sheet of: i) the Inventories item in the Consolidated in the credit amount of R$23,416 on June 30, 2024 (R$95,986 debit on December 31, 2023); ii) the other comprehensive income item in the debit amount of R$31,127 on June 30, 2024 (R$322 credit on December 31, 2023).

| 23.2.3. | Interest rate risk

The interest rate risk may cause economic losses to the Company resulting from volatility in interest rates that affect its assets and liabilities.

The Company’s Risk Policy does not restrict exposure to different interest rates, neither establishes limits for fixed or floating rates. However, the Company continually monitors the market interest rates in order to evaluate any need to enter into hedging transactions to protect from the volatility of such rates and manage the mismatch between its financial assets and liabilities.

As a result of this protection strategy the Company recognize in the Consolidated Financial Income and Expenses an expense of R$197,723 for the six-month period ended on June 30, 2024 (income of R$262,919 in the same period of the previous year). And for the three-month period ended June an expense of R$92,348 (income of R$249,410 in the same period of the previous year).

The derivative financial instruments used to hedge the exposure to interest rates as of June 30, 2024 are presented in the table below:

83

| Interim Financial Information, Individual and Consolidated | June 30, 2024

06.30.24
|  |  |  |  |  |  |  |  |  |  |  |  | Fair value (R$)
Fair value hedge - Derivative instruments |  | Hedged Object |  | Maturity |  | Asset |  | Liability |  | Notional |  | Instrument |  | Object (1)
Parent company and Consolidated |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap |  | Debenture - 1st issue - 3rd series - IPCA + 5.50% p.a. |  | 2nd Qtr. 2026 |  | IPCA + 5.50% p.a. |  | CDI + 0.57% p.a. |  | 200,000 | BRL | 30,836 |  | 1,815
Interest rate swap |  | Debenture - 1st issue - 3rd series - IPCA + 5.50% p.a. |  | 2nd Qtr. 2026 |  | IPCA + 5.50% p.a. |  | 100% of CDI |  | 200,000 | BRL | 25,006 |  | 3,174
Interest rate swap |  | Debenture - 2nd issue - 1st series - IPCA + 5.30% p.a. |  | 3rd Qtr. 2027 |  | IPCA + 5.30% p.a. |  | CDI + 2.20% p.a. |  | 400,000 | BRL | 67,128 |  | (32,044)
Interest rate swap |  | Debenture - 2nd issue - 2nd series - IPCA + 5.60% p.a. |  | 3rd Qtr. 2030 |  | IPCA + 5.60% p.a. |  | CDI + 2.29% p.a. |  | 595,000 | BRL | 73,073 |  | (126,789)
Interest rate swap |  | Debenture - 3rd issue - single series - IPCA + 4.78% p.a. |  | 2nd Qtr. 2031 |  | IPCA + 4.78% p.a. |  | CDI + 0.12% a.a. |  | 1,000,000 | BRL | 117,884 |  | (39,138)
Interest rate swap |  | Debenture - 1st issue - 1ª series - IPCA + 6.83% p.a. |  | 3rd Qtr. 2032 |  | IPCA + 6.83% p.a. |  | 109.32% of CDI |  | 990,000 | BRL | 94,248 |  | 41,831
Interest rate swap |  | Debênture 5ª issue IPCA + 7.23% |  | 2nd Qtr. 2034 |  | IPCA + 7.23% p.a. |  | CDI + 0.98% p.a. |  | 935,000 | BRL | (18,703) |  | 2,522
Interest rate swap |  | Debênture 5ª issue PRÉ + 12.92% |  | 2nd Qtr. 2031 |  | PRÉ 12.92% p.a. |  | CDI + 0.89% p.a. |  | 925,000 | BRL | (16,177) |  | (1,815)
|  |  |  |  |  |  |  |  |  | 5,245,000 |  |  | 373,295 |  | (150,444)

| (1) | Corresponds to the accumulated amount of fair value hedge adjustments on the hedged items, included in the carrying amount of the debentures.

| 23.3. | Credit risk management

The Company is exposed to the credit risk related to the financial assets held: trade and non-trade accounts receivable, marketable securities, derivative instruments and cash and equivalents. The Company’s credit risk exposure can be assessed in notes 4, 5 and 6.

| 23.3.1. | Credit risk in accounts receivable

The credit risk associated with trade accounts receivable is actively managed through specific systems and is supported by internal policies for credit analysis. The significant level of diversification and geographical dispersion of the customer portfolio significantly reduces the risk. However, the Company chooses to complement the risk management by contracting insurance policies for specific markets. The impairment of these financial assets is carried out based on expected credit losses.

| 23.3.2. | Counterparty credit risk

The credit risk associated with marketable securities, cash and cash equivalents and derivative instruments in general is directed to counterparties with Investment Grade ratings. The maintenance of assets with counterparty risk is constantly assessed according to credit ratings and the Company’s portfolio concentration, aligned with the applicable impairment requisites.

| 23.4. | Capital management and liquidity risk

The Company is exposed to liquidity risk as far as it needs cash or other financial assets to settle its obligations in the respective terms. The Company’s cash and liquidity strategy takes into consideration historical volatility scenarios of results as well as simulations of sectorial and systemic crisis. It is grounded on allowing resilience in scenarios of capital restriction.

84

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 23.5. | Sensitivity analysis

Management believes that the most relevant risks that may affect the Company’s results, for which it uses derivative financial instruments to protect, are the volatility of commodities prices, foreign exchange rates and interest rates.

For the probable scenario of commodities, Management uses as a reference the future value of assets on June 30, 2024 and therefore understands that there will be no changes in the results of operations. As for the exchange rate, Management uses the Focus report for the American Dollar as a reference inserting the quotes for the current and subsequent years. The likely scenario for other currencies is determined based on the US Dollar parity.

In the possible and remote scenarios, both positive and negative variations of 15% and 30% respectively were considered in both cases from the probable scenario. Such sensitivity scenarios originate from information and assumptions used by Management in monitoring the previously mentioned risks.

The information used in the preparation of the analysis is based on the position as of June 30, 2024, which has been described in the items above. The estimated values may differ significantly to numbers and results that will be effectively registered by the Company. Positive values indicate gains and negative values indicate losses.

85

| Interim Financial Information, Individual and Consolidated | June 30, 2024

|  | Scenario
|  | Remote |  | Possible |  | Probable |  | Possible |  | Remote
Exchange rate - Balance |  | - 30% |  | - 15% |  |  |  | + 15% |  | + 30%
USD |  | 3.6365 |  | 4.4158 |  | 5.1950 |  | 5.9743 |  | 6.7535
Monetary assets and liabilities |  | 769,347 |  | 457,490 |  | 145,633 |  | (166,224) |  | (478,080)
Derivative instruments - not designated |  | (382,558) |  | (227,487) |  | (72,416) |  | 82,655 |  | 237,725
Net effect |  | 386,789 |  | 230,003 |  | 73,217 |  | (83,569) |  | (240,355)
EUR |  | 3.9229 |  | 4.7635 |  | 5.6041 |  | 6.4448 |  | 7.2854
Monetary assets and liabilities |  | 30,181 |  | 17,694 |  | 5,207 |  | (7,279) |  | (19,766)
Derivative instruments - not designated |  | (5,080) |  | (2,978) |  | (876) |  | 1,225 |  | 3,327
Net effect |  | 25,101 |  | 14,716 |  | 4,331 |  | (6,054) |  | (16,439)
JPY |  | 0.0226 |  | 0.0274 |  | 0.0323 |  | 0.0371 |  | 0.0420
Monetary assets and liabilities |  | (114) |  | (68) |  | (22) |  | 24 |  | 71
Net effect |  | (114) |  | (68) |  | (22) |  | 24 |  | 71
TRY |  | 0.1114 |  | 0.1352 |  | 0.1591 |  | 0.1830 |  | 0.2068
Monetary assets and liabilities |  | (87,843) |  | (51,839) |  | (15,835) |  | 20,169 |  | 56,173
Derivative instruments - not designated |  | 5,111 |  | 3,016 |  | 921 |  | (1,173) |  | (3,268)
Net effect |  | (82,732) |  | (48,823) |  | (14,914) |  | 18,996 |  | 52,905
AOA |  | 0.0039 |  | 0.0047 |  | 0.0055 |  | 0.0064 |  | 0.0072
Monetary assets and liabilities |  | (86,270) |  | (59,089) |  | (31,909) |  | (4,729) |  | 22,452
Net effect |  | (86,270) |  | (59,089) |  | (31,909) |  | (4,729) |  | 22,452
ARS |  | 0.0040 |  | 0.0049 |  | 0.0057 |  | 0.0066 |  | 0.0075
Monetary assets and liabilities |  | 900 |  | 528 |  | 156 |  | (215) |  | (587)
Net effect |  | 900 |  | 528 |  | 156 |  | (215) |  | (587)
CLP |  | 0.0039 |  | 0.0047 |  | 0.0056 |  | 0.0064 |  | 0.0072
Monetary assets and liabilities |  | (73,024) |  | (42,701) |  | (12,379) |  | 17,944 |  | 48,267
Derivative Instruments - Not designated |  | 47,305 |  | 27,662 |  | 8,019 |  | (11,624) |  | (31,267)
Net effect |  | (25,719) |  | (15,039) |  | (4,360) |  | 6,320 |  | 17,000

|  | Scenario
|  | Remote |  | Possible |  | Probable |  | Possible |  | Remote
Exchange rate - Operating results |  | - 30% |  | - 15% |  |  |  | + 15% |  | + 30%
USD |  | 3.6365 |  | 4.4158 |  | 5.1950 |  | 5.9743 |  | 6.7535
Revenue in USD |  | (1,642,691) |  | (976,822) |  | (310,953) |  | 354,917 |  | 1,020,786
NDF |  | 777,611 |  | 462,404 |  | 147,198 |  | (168,009) |  | (483,216)
Collar |  | 778,610 |  | 427,948 |  | 99,645 |  | (182,029) |  | (532,691)
Net effect |  | (86,470) |  | (86,470) |  | (64,110) |  | 4,879 |  | 4,879

86

| Interim Financial Information, Individual and Consolidated | June 30, 2024

|  | Scenario
|  | Remote |  | Possible |  | Probable |  | Possible |  | Remote
Exchange rate - Operating results |  | - 30% |  | - 15% |  |  |  | + 15% |  | + 30%
USD |  | 3.6365 |  | 4.4158 |  | 5.1950 |  | 5.9743 |  | 6.7535
Cost of Sales |  | (17,439) |  | (10,370) |  | (3,301) |  | 3,768 |  | 10,837
NDF |  | 17,439 |  | 10,370 |  | 3,301 |  | (3,768) |  | (10,837)
Net effect |  | - |  | - |  | - |  | - |  | -
|  | Scenario
|  | Remote |  | Possible |  | Probable |  | Possible |  | Remote
Operating results - Commodities |  | - 30% |  | - 15% |  |  |  | + 15% |  | + 30%
Soy Grain - CBOT |  | 289 |  | 351 |  | 412 |  | 474 |  | 536
Cost of Sales |  | (2,599) |  | (1,299) |  |  |  | 1,299 |  | 2,599
NDF |  | 2,599 |  | 1,299 |  |  |  | (1,299) |  | (2,599)
Net effect |  | - |  | - |  | - |  | - |  | -
Soybean oil - CBOT |  | 679 |  | 824 |  | 970 |  | 1,115 |  | 1,261
Cost of sales |  | 2,618 |  | 1,309 |  | - |  | (1,309) |  | (2,618)
NDF |  | (2,618) |  | (1,309) |  | - |  | 1,309 |  | 2,618
Net effect |  | - |  | - |  | - |  | - |  | -
Corn - CBOT |  | 118 |  | 144 |  | 169 |  | 194 |  | 220
Cost of sales |  | 13,063 |  | 6,532 |  | - |  | (6,532) |  | (13,063)
Collar |  | (5,677) |  | (2,803) |  | - |  | 1,015 |  | 3,434
NDF |  | (7,300) |  | (3,650) |  | - |  | 3,650 |  | 7,300
Net effect |  | 86 |  | 79 |  | - |  | (1,867) |  | (2,329)
Corn - B3 |  | 719 |  | 873 |  | 1,028 |  | 1,182 |  | 1,336
Cost of sales |  | 96,089 |  | 48,045 |  | - |  | (48,045) |  | (96,089)
Collar |  | (85,255) |  | (30,243) |  | - |  | 10,167 |  | 63,941
Future |  | 16,111 |  | 8,056 |  | - |  | (8,056) |  | (16,111)
Net effect |  | 26,945 |  | 25,858 |  | - |  | (45,934) |  | (48,259)

87

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 23.6. | Financial instruments by category

| Parent company
| 06.30.24
| Amortized cost |  | Fair value through other comprehensive income |  | Fair value through profit and loss |  | Total
Assets |  |  |  |  |  |  |
Cash and bank | 88,266 |  | - |  | - |  | 88,266
Cash equivalents | - |  | - |  | 6,310,406 |  | 6,310,406
Marketable securities | - |  | 830,623 |  | 451,305 |  | 1,281,928
Restricted cash | 32,502 |  | - |  | - |  | 32,502
Trade accounts receivable | 5,854,726 |  | - |  | 344,821 |  | 6,199,547
Notes receivables | 29,782 |  | - |  | - |  | 29,782
Derivatives not designated | - |  | - |  | 5,470 |  | 5,470
Derivatives designated as hedge accounting (1) | - |  | - |  | 542,777 |  | 542,777
Liabilities |  |  |  |  |  |  |
Trade accounts payable | (14,649,146) |  | - |  | - |  | (14,649,146)
Loans and borrowings (2) | (13,617,668) |  | - |  | (5,989,036) |  | (19,606,704)
Derivatives not designated | - |  | - |  | (6,689) |  | (6,689)
Derivatives designated as hedge accounting (1) | - |  | - |  | (301,257) |  | (301,257)
| (22,261,538) |  | 830,623 |  | 1,357,797 |  | (20,073,118)

| (1) | All derivatives are classified at fair value through profit and loss. Those designated as hedge accounting instruments have their gains and losses also affecting Equity and Inventories.

| (2) | The part of the loans and borrowings that is object in a fair value hedge is classified as Fair value through profit and loss. The rest of the loans and borrowings balance is classified as amortized cost and those designated as cash flow or net investment hedge accounting instruments have their gains and losses also affecting Equity.

| Consolidated
| 06.30.24
| Amortized cost |  | FVTOCI (3) |  | Fair value through profit and loss |  | Total
|  | Equity instruments |  |
Assets |  |  |  |  |  |  |
Cash and bank | 1,284,267 |  | - |  | - |  | 1,284,267
Cash equivalents | - |  | - |  | 10,173,591 |  | 10,173,591
Marketable securities | 256,989 |  | 844,520 |  | 496,904 |  | 1,598,413
Restricted cash | 90,645 |  | - |  | - |  | 90,645
Trade accounts receivable | 5,240,148 |  | - |  | 344,821 |  | 5,584,969
Notes receivables | 29,782 |  | - |  | - |  | 29,782
Derivatives not designated | - |  | - |  | 5,470 |  | 5,470
Derivatives designated as hedge accounting (1) | - |  | - |  | 542,777 |  | 542,777
Liabilities |  |  |  |  |  |  |
Trade accounts payable | (12,905,053) |  | - |  | - |  | (12,905,053)
Loans and borrowings (2) | (16,328,548) |  | - |  | (5,989,036) |  | (22,317,584)
Derivatives not designated | - |  | - |  | (8,576) |  | (8,576)
Derivatives designated as hedge accounting (1) | - |  | - |  | (301,257) |  | (301,257)
| (22,331,770) |  | 844,520 |  | 5,264,694 |  | (16,222,556)

| (1) | All derivatives are classified at fair value through profit and loss. Those designated as hedge accounting instruments have their gains and losses also affecting Equity and Inventories.

| (2) | The part of the loans and borrowings that is object in a fair value hedge is classified as Fair value through profit and loss. The rest of the loans and borrowings balance is classified as amortized cost and those designated as cash flow or net investment hedge accounting instruments have their gains and losses also affecting Equity.

| (3) | FVTOCI: Fair Value Through Other Comprehensive Income.

88

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 23.7. | Fair value of financial instruments

The fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Depending on the inputs used for measurement, the financial instruments at fair value may be classified into 3 hierarchy levels:

» |  | Level 1 - Uses quoted prices (unadjusted) for identical instruments in active markets. In this category are classified investments in stocks, savings accounts, overnights, term deposits, Financial Treasury Bills (“LFT”) and investment funds.

» |  | Level 2 - Uses prices quoted in active markets for similar instruments, prices quoted for identical or similar instruments in non-active markets and evaluation models for which inputs are observable. In this level are classified the investments in Bank Deposit Certificates (“CDB”) and derivatives, which are measured by well-known pricing models: discounted cash flows and Black-Scholes. The observable inputs are interest rates and curves, volatility factors and foreign exchange rates.

» |  | Level 3 - Instruments for which significant inputs are non-observable. The Company does not have financial instruments in this category.

The table below presents the overall classification of financial instruments accounted at fair value by measurement hierarchy. For the six-month period ended on June 30, 2024, there were no changes among the 3 levels of hierarchy.

| Parent company
| 06.30.24 |  | 12.31.23
| Level 1 |  | Level 2 |  | Total |  | Level 1 |  | Level 2 |  | Total
Financial Assets |  |  |  |  |  |  |  |  |  |  |
Fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  |
Treasury national notes | 830,623 |  | - |  | 830,623 |  | - |  | - |  | -
Fair value through profit and loss |  |  |  |  |  |  |  |  |  |  |
Savings account and overnight | - |  | - |  | - |  | 11,359 |  | - |  | 11,359
Term deposits | - |  | - |  | - |  | - |  | - |  | -
Bank deposit certificates | - |  | 6,307,016 |  | 6,307,016 |  | - |  | 4,438,970 |  | 4,438,970
Financial treasury bills | 433,625 |  | - |  | 433,625 |  | 412,107 |  | - |  | 412,107
Investment funds | 21,070 |  | - |  | 21,070 |  | 21,166 |  | - |  | 21,166
Trade accounts receivable | - |  | 344,821 |  | 344,821 |  | - |  | 337,898 |  | 337,898
Derivatives | - |  | 548,247 |  | 548,247 |  | - |  | 639,052 |  | 639,052
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |
Fair value through profit and loss |  |  |  |  |  |  |  |  |  |  |
Derivatives | - |  | (307,946) |  | (307,946) |  | - |  | (133,931) |  | (133,931)
Loans and borrowings | - |  | (5,989,036) |  | (5,989,036) |  | - |  | (5,021,342) |  | (5,021,342)
| 1,285,318 |  | 903,102 |  | 2,188,420 |  | 444,632 |  | 260,647 |  | 705,279

89

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Consolidated
| 06.30.24 |  | 12.31.23
| Level 1 |  | Level 2 |  | Total |  | Level 1 |  | Level 2 |  | Total
Financial Assets |  |  |  |  |  |  |  |  |  |  |
Fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  |
National treasury notes | 830,623 |  | - |  | 830,623 |  | - |  | - |  | -
Stocks | 13,897 |  | - |  | 13,897 |  | 12,103 |  | - |  | 12,103
Fair value through profit and loss |  |  |  |  |  |  |  |  |  |  |
Savings account and overnight | - |  | - |  | - |  | 17,570 |  | - |  | 17,570
Term deposits | 3,656,019 |  | - |  | 3,656,019 |  | 2,758,300 |  | - |  | 2,758,300
Bank deposit certificates | - |  | 6,514,182 |  | 6,514,182 |  | - |  | 4,876,861 |  | 4,876,861
Financial treasury bills | 433,625 |  | - |  | 433,625 |  | 412,107 |  | - |  | 412,107
Investment funds | 21,070 |  | - |  | 21,070 |  | 21,186 |  | - |  | 21,186
Trade accounts receivable | - |  | 344,821 |  | 344,821 |  | - |  | 337,898 |  | 337,898
Derivatives | - |  | 548,247 |  | 548,247 |  | - |  | 639,052 |  | 639,052
Other titles | 45,599 |  | - |  | 45,599 |  | 35,751 |  | - |  | 35,751
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |
Fair value through profit and loss |  |  |  |  |  |  |  |  |  |  |
Derivatives | - |  | (309,833) |  | (309,833) |  | - |  | (136,759) |  | (136,759)
Loans and borrowings | - |  | (5,989,036) |  | (5,989,036) |  | - |  | (5,021,342) |  | (5,021,342)
| 5,000,833 |  | 1,108,381 |  | 6,109,214 |  | 3,257,017 |  | 695,710 |  | 3,952,727

Except for the items set forth below, the fair value of all other financial instruments is approximate to their book value. The fair value of the bonds set forth below is based on prices observed in active markets, level 1 of the fair value hierarchy, while the debentures are based on level 2 and are measured by discounted cash flows.

|  |  |  | Parent company and Consolidated
|  |  |  |  |  | 06.30.24 |  | 12.31.23
|  | Currency |  | Maturity |  | Book value |  | Fair value |  | Book value |  | Fair value
BRF S.A. |  |  |  |  |  |  |  |  |  |  |  |
BRF SA BRFSBZ 4 7/8 |  | USD |  | 2030 |  | (3,329,871) |  | (2,998,902) |  | (2,896,104) |  | (2,506,390)
BRF SA BRFSBZ 5 3/4 |  | USD |  | 2050 |  | (3,700,785) |  | (2,955,014) |  | (3,209,653) |  | (2,398,081)
Debenture - 1st issue |  | BRL |  | 2026 |  | (826,148) |  | (770,089) |  | (830,144) |  | (853,640)
Debenture - 2nd issue |  | BRL |  | 1st serie 2027 and 2nd series 2030 |  | (2,730,990) |  | (2,991,200) |  | (2,681,294) |  | (3,048,882)
Debenture - 3rd issue |  | BRL |  | 2031 |  | (1,161,049) |  | (1,161,049) |  | (1,214,044) |  | (1,214,044)
Debenture - 4rd issue |  | BRL |  | 1st serie 2027 and 2nd series 2032 |  | (1,848,483) |  | (2,042,687) |  | (1,908,952) |  | (2,032,361)
Debenture - 5rd issue |  | BRL |  | 1st serie 2029, 2nd series 2031 and 3rd series 2034 |  | (1,939,295) |  | (1,948,050) |  | - |  | -
Parent company |  |  |  |  |  | (15,536,621) |  | (14,866,991) |  | (12,740,191) |  | (12,053,398)
BRF GmbH |  |  |  |  |  |  |  |  |  |  |  |
BRF SA BRFSBZ 4.35 |  | USD |  | 2026 |  | (1,672,162) |  | (1,592,141) |  | (1,453,805) |  | (1,360,530)
Consolidated |  |  |  |  |  | (17,208,783) |  | (16,459,132) |  | (14,193,996) |  | (13,413,928)

90

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 24. | Segment information

The operating segments are reported consistently with the management reports provided to the main strategic and operational decision makers for assessing the performance of each segment and allocation of resources. The operating segments information is prepared considering three reportable segments, being: Brazil, International and Other segments.

The operating segments include the sales of all distribution channels and are subdivided according to the nature of the products, for which the characteristics are described below:

» |  | In-natura: production and sale of whole poultry and cuts and pork and other cuts.

» |  | Semi-processed: production and sale of cooked, smoked, marinated and/or seasoned in natura foods.

» |  | Processed: production and sale of processed food, frozen and processed products derived from poultry, pork and beef, margarine, vegetables and soybean-based products.

» |  | Other sales: sale of flour for food service and others.

Other segments are comprised of commercialization and development of animal nutrition ingredients, human nutrition, plant nutrition (fertilizers), healthcare (health and wellness), pet food, as well as commercialization of agricultural products.

The items not allocated to the segments are presented as Corporate and refer to relevant events not attributable to the operating segments.

The net sales by nature for each reportable operating segment is set forth below:

91

| Interim Financial Information, Individual and Consolidated | June 30, 2024

|  | Consolidated
|  | 2024 |  | 2023
Net sales |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Brazil |  |  |  |  |  |  |  |
In-natura |  | 1,703,823 |  | 3,288,988 |  | 1,529,057 |  | 3,043,477
Semi-processed (1) |  | 485,814 |  | 929,999 |  | 446,542 |  | 871,501
Processed |  | 4,621,547 |  | 8,745,645 |  | 4,455,883 |  | 8,805,617
Other sales |  | 60,372 |  | 69,314 |  | 63,124 |  | 192,283
|  | 6,871,556 |  | 13,033,946 |  | 6,494,606 |  | 12,912,878
International |  |  |  |  |  |  |  |
In-natura |  | 6,225,465 |  | 11,761,282 |  | 4,240,961 |  | 9,463,139
Semi-processed (1) |  | 171,624 |  | 295,153 |  | 86,372 |  | 168,624
Processed |  | 886,951 |  | 1,673,909 |  | 732,443 |  | 1,524,600
Other sales |  | 46,452 |  | 85,244 |  | 41,818 |  | 74,669
|  | 7,330,492 |  | 13,815,588 |  | 5,101,594 |  | 11,231,032
Other segments |  | 727,544 |  | 1,457,567 |  | 608,771 |  | 1,239,030
|  | 14,929,592 |  | 28,307,101 |  | 12,204,971 |  | 25,382,940

| (1) | The Company, during the first quarter of 2024, included a new type of products called “semi-processed”, thus, the 2023 numbers were restated.

The gross profit and income (loss) before financial results for each segment and for Corporate are set forth below:

|  |  |  |  |  |  |  |  |  |  |  | Consolidated
|  | Gross profit |  | Income (loss) before financial results and income taxes
|  |  |  | 2024 |  |  |  | 2023 |  |  |  | 2024 |  |  |  | 2023
|  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Brazil |  | 1,881,943 |  | 3,469,017 |  | 1,272,770 |  | 2,419,193 |  | 655,963 |  | 1,170,659 |  | 242,909 |  | 379,097
Margin (%) |  | 27.4% |  | 26.6% |  | 19.6% |  | 18.7% |  | 9.5% |  | 9.0% |  | 3.7% |  | 2.9%
International |  | 1,990,169 |  | 3,453,442 |  | 61,075 |  | 412,409 |  | 1,126,624 |  | 1,798,137 |  | (722,089) |  | (1,217,543)
Margin (%) |  | 27.1% |  | 25.0% |  | 1.2% |  | 3.7% |  | 15.4% |  | 13.0% |  | -14.2% |  | -10.8%
Other segments |  | 164,669 |  | 338,609 |  | 151,891 |  | 327,347 |  | 61,288 |  | 115,511 |  | 81,090 |  | 181,656
Margin (%) |  | 22.6% |  | 23.2% |  | 25.0% |  | 26.4% |  | 8.4% |  | 7.9% |  | 13.3% |  | 14.7%
Subtotal |  | 4,036,781 |  | 7,261,068 |  | 1,485,736 |  | 3,158,949 |  | 1,843,875 |  | 3,084,307 |  | (398,090) |  | (656,790)
Corporate |  | (106,814) |  | (106,814) |  | - |  | - |  | (140,586) |  | (128,723) |  | 36,807 |  | 116,146
Total |  | 3,929,967 |  | 7,154,254 |  | 1,485,736 |  | 3,158,949 |  | 1,703,289 |  | 2,955,584 |  | (361,283) |  | (540,644)
Margin (%) |  | 26.3% |  | 25.3% |  | 12.2% |  | 12.4% |  | 11.4% |  | 10.4% |  | -3.0% |  | -2.1%

The composition of selected items that were not allocated to the Company’s operating segments as they are not linked to its main activity and, therefore, were presented as Corporate is set forth below:

|  | Consolidated
|  | 2024 |  | 2023
Corporate |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Results with sale and disposal of fixed assets |  | (8,581) |  | 9,073 |  | 42,643 |  | 123,850
Reversal/(provision) for tax and civil contingencies |  | (16,921) |  | (18,775) |  | (559) |  | 4,424
Expenses with demobilization |  | (1,397) |  | (6,764) |  | 398 |  | 1,357
Weather events |  | (113,083) |  | (113,083) |  | - |  | -
Other |  | (604) |  | 826 |  | (5,675) |  | (13,485)
|  | (140,586) |  | (128,723) |  | 36,807 |  | 116,146

92

| Interim Financial Information, Individual and Consolidated | June 30, 2024

No customer individually or in aggregate (economic group) accounted for more than 5% of net sales for the three-month period ended on June 30, 2024, and 2023.

The goodwill arising from business combinations and the intangible assets with indefinite useful life (trademarks) were allocated to the reportable operating segments, considering the economic benefits generated by such intangible assets. The allocation of these intangible assets is presented below:

| Consolidated
| Goodwill |  | Trademarks |  | Total
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Brazil | 1,151,498 |  | 1,151,498 |  | 982,478 |  | 982,478 |  | 2,133,976 |  | 2,133,976
International | 1,984,476 |  | 1,783,873 |  | 487,277 |  | 415,904 |  | 2,471,753 |  | 2,199,777
Other segments | 458,448 |  | 455,567 |  | 474,871 |  | 474,871 |  | 933,319 |  | 930,438
| 3,594,422 |  | 3,390,938 |  | 1,944,626 |  | 1,873,253 |  | 5,539,048 |  | 5,264,191

Information related to total assets by reportable segment is not disclosed, as it is not included in the set of information made available to the Company’s management, which makes investment decisions and determine allocation of resources based on information about the consolidated assets.

| 25. | Net sales

| Parent company |  | Consolidated
| 2024 |  | 2023 |  | 2024 |  | 2023
| Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Gross sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil | 8,367,020 |  | 15,932,015 |  | 7,900,921 |  | 15,624,277 |  | 8,367,020 |  | 15,932,015 |  | 7,900,921 |  | 15,624,277
International | 4,537,429 |  | 8,763,202 |  | 4,461,311 |  | 9,651,842 |  | 7,698,900 |  | 14,499,758 |  | 5,379,963 |  | 11,866,047
Other segments | 504,233 |  | 1,057,067 |  | 408,222 |  | 875,332 |  | 875,774 |  | 1,742,287 |  | 751,112 |  | 1,521,131
| 13,408,682 |  | 25,752,284 |  | 12,770,454 |  | 26,151,451 |  | 16,941,694 |  | 32,174,060 |  | 14,031,996 |  | 29,011,455
Sales deductions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil | (1,495,463) |  | (2,898,068) |  | (1,406,314) |  | (2,711,399) |  | (1,495,464) |  | (2,898,069) |  | (1,406,315) |  | (2,711,399)
International | (21,114) |  | (40,247) |  | (28,759) |  | (50,837) |  | (368,408) |  | (684,170) |  | (278,369) |  | (635,015)
Other segments | (48,113) |  | (102,314) |  | (45,225) |  | (101,199) |  | (148,230) |  | (284,720) |  | (142,341) |  | (282,101)
| (1,564,690) |  | (3,040,629) |  | (1,480,298) |  | (2,863,435) |  | (2,012,102) |  | (3,866,959) |  | (1,827,025) |  | (3,628,515)
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil | 6,871,557 |  | 13,033,947 |  | 6,494,607 |  | 12,912,878 |  | 6,871,556 |  | 13,033,946 |  | 6,494,606 |  | 12,912,878
International | 4,516,315 |  | 8,722,955 |  | 4,432,552 |  | 9,601,005 |  | 7,330,492 |  | 13,815,588 |  | 5,101,594 |  | 11,231,032
Other segments | 456,120 |  | 954,753 |  | 362,997 |  | 774,133 |  | 727,544 |  | 1,457,567 |  | 608,771 |  | 1,239,030
| 11,843,992 |  | 22,711,655 |  | 11,290,156 |  | 23,288,016 |  | 14,929,592 |  | 28,307,101 |  | 12,204,971 |  | 25,382,940

93

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 26. | Expenses by nature

The Company discloses its statement of income by function and thus presents below the details by nature:

| Parent company |  | Consolidated
| 2024 |  | 2023 |  | 2024 |  | 2023
| Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Costs of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Raw materials and supplies | (6,468,021) |  | (12,466,783) |  | (6,905,449) |  | (14,092,225) |  | (7,901,238) |  | (15,115,098) |  | (7,974,418) |  | (16,663,627)
Salaries and employees benefits | (1,322,848) |  | (2,529,959) |  | (1,202,941) |  | (2,307,469) |  | (1,463,094) |  | (2,813,692) |  | (1,240,592) |  | (2,465,172)
Depreciation | (605,564) |  | (1,204,296) |  | (570,562) |  | (1,122,184) |  | (672,690) |  | (1,326,850) |  | (602,924) |  | (1,198,330)
Amortization | (23,447) |  | (51,055) |  | (24,488) |  | (52,171) |  | (50,918) |  | (104,022) |  | (48,016) |  | (102,198)
Other | (836,639) |  | (1,650,408) |  | (816,040) |  | (1,665,817) |  | (911,685) |  | (1,793,185) |  | (853,285) |  | (1,794,664)
| (9,256,519) |  | (17,902,501) |  | (9,519,480) |  | (19,239,866) |  | (10,999,625) |  | (21,152,847) |  | (10,719,235) |  | (22,223,991)
Sales expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect and direct logistics expenses | (883,132) |  | (1,741,921) |  | (913,613) |  | (1,879,465) |  | (891,522) |  | (1,728,104) |  | (853,683) |  | (1,740,771)
Marketing | (180,351) |  | (333,695) |  | (136,853) |  | (282,291) |  | (218,331) |  | (418,896) |  | (169,550) |  | (359,461)
Salaries and employees benefits | (385,900) |  | (706,231) |  | (311,494) |  | (584,370) |  | (497,111) |  | (919,858) |  | (412,121) |  | (784,746)
Depreciation | (65,407) |  | (126,978) |  | (46,225) |  | (91,097) |  | (108,416) |  | (211,111) |  | (87,853) |  | (177,607)
Amortization | (13,475) |  | (29,329) |  | (13,558) |  | (29,255) |  | (17,888) |  | (37,844) |  | (18,354) |  | (39,252)
Other | (124,053) |  | (237,931) |  | (134,840) |  | (274,669) |  | (204,914) |  | (394,187) |  | (196,077) |  | (406,442)
| (1,652,318) |  | (3,176,085) |  | (1,556,583) |  | (3,141,147) |  | (1,938,182) |  | (3,710,000) |  | (1,737,638) |  | (3,508,279)
Administrative expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employees benefits | (109,638) |  | (190,742) |  | (51,653) |  | (91,023) |  | (149,494) |  | (267,930) |  | (80,553) |  | (150,184)
Fees | (34,956) |  | (54,440) |  | (11,832) |  | (25,200) |  | (35,065) |  | (54,622) |  | (11,877) |  | (25,318)
Depreciation | (6,517) |  | (13,300) |  | (5,259) |  | (13,779) |  | (10,760) |  | (22,516) |  | (7,814) |  | (18,662)
Amortization | (564) |  | (2,083) |  | (13,711) |  | (22,594) |  | (5,562) |  | (11,240) |  | (15,562) |  | (28,169)
Other | (23,805) |  | (44,173) |  | (20,813) |  | (45,758) |  | (50,334) |  | (96,400) |  | (43,638) |  | (96,918)
| (175,480) |  | (304,738) |  | (103,268) |  | (198,354) |  | (251,215) |  | (452,708) |  | (159,444) |  | (319,251)
Impairment loss on trade receivables | (18,873) |  | (34,793) |  | (1,847) |  | (7,392) |  | (20,897) |  | (48,115) |  | (2,025) |  | (8,532)
Other operating income (expenses), net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recovery of expenses | 16,556 |  | 32,627 |  | 25,467 |  | 31,797 |  | 16,670 |  | 32,590 |  | 26,264 |  | 32,665
Civil and tax contingencies (assets or liabilities) | (24,362) |  | (28,767) |  | 321 |  | 5,419 |  | (25,785) |  | (30,529) |  | (1,030) |  | 3,734
Gains (losses) on the disposal and write-off of non-financial assets | (1,369) |  | 16,346 |  | 37,603 |  | 111,879 |  | (2,480) |  | 15,174 |  | 35,243 |  | 113,615
Other | (3,394) |  | (2,645) |  | (6,203) |  | (14,449) |  | (1,177) |  | 937 |  | (7,524) |  | (12,663)
| (12,569) |  | 17,561 |  | 57,188 |  | 134,646 |  | (12,772) |  | 18,172 |  | 52,953 |  | 137,351

The Company incurred in expenses with internal research and development of new products of R$30,779 for the six-month period ended on June 30, 2024 in the Parent Company and in the Consolidated (R$22,448 in the Parent Company and in the Consolidated in the same period of the previous year) and R$15,276 for the three-month period ended June 30, 2024, (R$15,905 in the Parent Company and in the Consolidated in the same period of the previous year).

94

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 27. | Financial income (expenses)

|  | Parent company |  |  | Consolidated
|  | 2024 |  | 2023 |  |  | 2024 |  | 2023
|  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Financial income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest on cash and cash equivalents |  | 74,200 |  | 141,105 |  | 46,601 |  | 109,773 |  |  | 170,744 |  | 307,656 |  | 98,878 |  | 193,652
Income with marketable securities |  | 20,267 |  | 40,836 |  | 19,172 |  | 36,919 |  |  | 24,030 |  | 50,445 |  | 28,863 |  | 52,657
Fair value through profit and loss |  | 20,267 |  | 40,836 |  | 19,172 |  | 36,919 |  |  | 20,090 |  | 40,659 |  | 19,173 |  | 36,920
Amortized cost |  | - |  | - |  | - |  | - |  |  | 3,940 |  | 9,786 |  | 9,690 |  | 15,737
Interest on recoverable taxes |  | 78,685 |  | 164,889 |  | 76,563 |  | 142,004 |  |  | 78,854 |  | 165,176 |  | 76,652 |  | 142,184
Interest and financial income on other assets |  | (1,660) |  | 21,408 |  | 8,884 |  | 20,087 |  |  | 287 |  | 25,317 |  | 11,696 |  | 25,726
|  | 171,492 |  | 368,238 |  | 151,220 |  | 308,783 |  |  | 273,915 |  | 548,594 |  | 216,089 |  | 414,219
Financial expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interests on loans and borrowings |  | (424,826) |  | (836,920) |  | (543,203) |  | (1,023,961) |  |  | (479,329) |  | (941,534) |  | (599,352) |  | (1,135,971)
Interest with related parties |  | (101,122) |  | (194,889) |  | (115,418) |  | (227,469) |  |  | - |  | - |  | - |  | -
Interest on contingencies |  | (31,889) |  | (54,547) |  | (77,778) |  | (111,788) |  |  | (31,889) |  | (54,548) |  | (77,778) |  | (111,788)
Interest on leases |  | (88,616) |  | (175,775) |  | (66,673) |  | (126,379) |  |  | (95,706) |  | (189,151) |  | (71,570) |  | (137,027)
Interest on actuarial liabilities |  | (6,960) |  | (13,920) |  | (7,590) |  | (15,180) |  |  | (14,727) |  | (27,838) |  | (8,475) |  | (17,975)
Taxes on financial income |  | (9,186) |  | (18,644) |  | (7,140) |  | (15,324) |  |  | (9,781) |  | (20,361) |  | (8,586) |  | (17,271)
Adjustment to present value (2) |  | (174,051) |  | (373,496) |  | (265,855) |  | (530,854) |  |  | (139,723) |  | (322,302) |  | (263,883) |  | (527,318)
Other financial expenses |  | (74,794) |  | (174,735) |  | (92,421) |  | (183,430) |  |  | (115,594) |  | (238,128) |  | (121,895) |  | (240,378)
|  | (911,444) |  | (1,842,926) |  | (1,176,078) |  | (2,234,385) |  |  | (886,749) |  | (1,793,862) |  | (1,151,539) |  | (2,187,728)
Foreign exchange, prices and monetary variations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exchange rate variation on monetary assets and liabilities and prices |  | (1,407,530) |  | (1,701,620) |  | 890,035 |  | 1,333,518 |  |  | 127,376 |  | 48,165 |  | 140,465 |  | 283,659
Foreign exchange of derivatives |  | 137,567 |  | 211,724 |  | (293,376) |  | (399,476) |  |  | 130,736 |  | 203,921 |  | (252,708) |  | (361,512)
Interest and fair value of derivatives |  | 3,123 |  | (29,548) |  | (102,126) |  | (239,458) |  |  | 3,100 |  | (29,904) |  | (102,126) |  | (239,462)
Net Monetary Gains or Losses (1) |  | - |  | - |  | - |  | - |  |  | (38,456) |  | 95,381 |  | 50,487 |  | 131,421
|  | (1,266,840) |  | (1,519,444) |  | 494,533 |  | 694,584 |  |  | 222,756 |  | 317,563 |  | (163,882) |  | (185,894)
|  | (2,006,792) |  | (2,994,132) |  | (530,325) |  | (1,231,018) |  |  | (390,078) |  | (927,705) |  | (1,099,332) |  | (1,959,403)

| (1) | Effects of monetary correction resulting from operations in hyperinflationary economy.

| (2) | The adjustment to present value considers the balances of trade accounts receivable and trade accounts payable and the rate used for the six-month period ended on June 30, 2024, was 12.56% p.a. (15.99% p.a. in the same period of the previous year).

95

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 28. | Related parties

The balances of the transactions with related parties are as follows:

|  |  |  |  |  |  | Parent company
| Accounts receivable |  | Trade accounts payable |  | Other rights |  | Advances and other liabilities
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  |  | 12.31.23 |  | 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Al Khan Foodstuff LLC ("AKF") | 2,751 |  | - |  | - |  |  | - |  | - |  | - |  | - |  |  | -
Al-Wafi Al-Takamol International for Foods Products | 40,831 |  | - |  | - |  |  | - |  | - |  | - |  | - |  |  | -
Al-Wafi Factory | 10,511 |  | - |  | - |  |  | - |  | - |  | - |  | - |  |  | -
Banvit | - |  | - |  |  |  |  | - |  | 1,458 |  | 708 |  | - |  |  | -
BRF Energia S.A. | - |  | - |  | (333,347) |  |  | (208,168) |  | - |  | - |  | - |  |  | -
BRF Foods GmbH | 283,907 |  | 346,703 |  | - |  |  | - |  | - |  | 124 |  | - |  |  | -
BRF Global GmbH | 3,051,813 |  | 3,118,425 |  | (3,041,707) |  |  | (2,527,079) |  | - |  | - |  | (7,016,427) | (1) |  | (4,807,979)
BRF Global Company South Africa Proprietary Ltd. | - |  | - |  | (229) |  |  | - |  | - |  | - |  | - |  |  | -
BRF GmbH | - |  | - |  | - |  |  | - |  | - |  | - |  | (1,445,391) | (2) |  | (1,300,782)
BRF Japan KK | - |  | - |  | (242) |  |  | - |  | - |  | - |  | - |  |  | -
BRF Korea LLC | - |  | - |  | (156) |  |  | - |  | - |  | - |  | - |  |  | -
BRF Kuwait Food Management Company WLL | 2,131 |  | - |  | - |  |  | - |  | - |  | - |  | - |  |  | -
BRF Shanghai Management Consulting Co. Ltd. | - |  | - |  | (423) |  |  | - |  |  |  |  |  | - |  |  | -
BRF Singapore Foods PTE Ltd. | - |  | - |  | (935) |  |  | - |  | - |  | - |  | - |  |  | (2,683)
Federal Foods LLC | 56,265 |  | - |  | - |  |  | - |  |  |  |  |  | - |  |  | -
Federal Foods Qatar | 3,121 |  | - |  | - |  |  | - |  |  |  |  |  | - |  |  | -
Hercosul Alimentos Ltda. | 9,045 |  | 5,968 |  | - |  |  | - |  | 477 |  | 440 |  | - |  |  | -
Hercosul International S.R.L. | 19 |  | 19 |  | (557) |  |  | (305) |  | - |  | - |  | - |  |  | -
Mogiana Alimentos S.A. | 14,400 |  | 9,953 |  |  |  |  | - |  | 538 |  | 497 |  | - |  |  | -
Sadia Alimentos S.A. | - |  | - |  | - |  |  | - |  | - |  | - |  | (2,992) |  |  | (3,247)
Sadia Chile S.A. | 214,329 |  | 221,298 |  | - |  |  | - |  | 6 |  | 90 |  | - |  |  | -
Sadia Uruguay S.A. | 8,539 |  | 418 |  | - |  |  | - |  | - |  | - |  |  |  |  | (57,567)
Marfrig Global Foods S.A. | 12,505 |  | 7,945 |  | (141,568) | (3) | (21,370) |  | - |  | - |  | - |  |  | -
Marfrig Chile S.A. | 2,174 |  | 1,762 |  | - |  |  | - |  | - |  | - |  | - |  |  | -
Quickfood S.A. | 21,369 |  | 24,852 |  | - |  |  | - |  | - |  | - |  | - |  |  | -
MFG Agropecuária Ltda. | - |  | 1 |  | - |  |  | - |  | - |  | - |  | - |  |  | -
Pampeano Alimentos S.A. | 175 |  | 473 |  | (119) |  |  | (112) |  | - |  | - |  | - |  |  | -
Total | 3,733,885 |  | 3,737,817 |  | (3,519,283) |  |  | (2,757,034) |  | 2,479 |  | 1,859 |  | (8,464,810) |  |  | (6,172,258)

| (1) | The amount corresponds to export pre-payments, usual operation between the productive units in Brazil with the wholly-owned subsidiaries that operate as trading companies in the international market.

| (2) | BRF S.A. performs reimbursement to certain subsidiaries for losses incurred in the normal course of their operations, generating liabilities recorded as Other obligations with Related parties.

| (3) | The increase refers to the purchase of ICMS credits described in note 9.1.

96

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Consolidated
| Accounts receivable |  | Trade accounts payable
| 06.30.24 |  | 12.31.23 |  | 06.30.24 |  | 12.31.23
Marfrig Global Foods S.A. | 13,494 |  | 7,945 |  | (141,568) |  | (24,838)
Marfrig Chile S.A. | 2,174 |  | 2,563 |  | (38) |  | (195)
Quickfood S.A. | 21,369 |  | 24,852 |  | - |  | -
Weston Importers Ltd. | 2,977 |  | 366 |  | (15,075) |  | -
MFG Agropecuária Ltda. | - |  | 1 |  | - |  | -
Pampeano Alimentos S.A. | 175 |  | 473 |  | (119) |  | (112)
Total | 40,189 |  | 36,200 |  | (156,800) |  | (25,145)

97

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| Parent company
| Sales |  | Financial results, net |  | Purchases |  | Other operating income (expenses)
| 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  | 2024
| Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
AES Brasil | 22,010 |  | 41,903 |  | - |  | - |  | - |  | - |  | - |  | - |  |  |  | - |  |  |  | - |  | - |  | -
Al Khan Foodstuff LLC ("AKF") | 1,003 |  | 1,003 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Al-Wafi Al-Takamol International for Foods Products | 10,026 |  | 10,026 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Al-Wafi Factory | 3,663 |  | 3,663 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
BRF Energia S.A. | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (63,491) |  | (129,795) |  | (76,413) |  | (161,721) |  | - |  | -
BRF Global GmbH | 3,349,410 |  | 7,029,520 |  | 4,611,686 |  | 9,423,401 |  | (100,147) |  | (192,840) |  | (114,409) |  | (225,439) |  | - |  | - |  | - |  | - |  | - |  | -
BRF Kuwait Food Management Company WLL | 1,104 |  | 1,104 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Federal Foods LLC | 26,681 |  | 26,681 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Federal Foods Qatar | 318 |  | 318 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Hercosul Alimentos Ltda. | 7,876 |  | 16,920 |  | 7,274 |  | 15,308 |  | - |  | - |  | - |  | - |  | - |  | - |  |  |  | - |  | - |  | -
Hercosul International S.R.L. | - |  |  |  | - |  | 1,427 |  | - |  | - |  | - |  | - |  | - |  | - |  | (2,286) |  | (2,286) |  | - |  | -
Mogiana Alimentos S.A. | 12,582 |  | 21,544 |  | 8,707 |  | 29,260 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Partner companies | 5,706 |  | 5,706 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  |  |  | - |  | - |  | -
Sadia Alimentos S.A. | - |  | - |  | - |  | - |  | (46) |  | (90) |  | (43) |  | (86) |  | - |  | - |  | - |  | - |  | - |  | -
Sadia Chile S.A. | 68,357 |  | 163,354 |  | 107,751 |  | 222,710 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Sadia Uruguay S.A. | 10,502 |  | 23,909 |  | 27,899 |  | 54,615 |  | (929) |  | (1,959) |  | (966) |  | (1,944) |  | - |  | - |  | - |  | - |  | - |  | -
BRF Singapura | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (909) |  | (909) |  | - |  | - |  | - |  | -
BRF Japan | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (336) |  | (336) |  | - |  | - |  | - |  | -
BRF Korea | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (151) |  | (151) |  | - |  | - |  | - |  | -
BRF South Africa | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (218) |  | (218) |  | - |  | - |  | - |  | -
BRF Shanghai | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (411) |  | (411) |  | - |  | - |  | - |  | -
Marfrig Global Foods S.A. | 18,304 |  | 33,510 |  | 15,081 |  | 35,381 |  | - |  | - |  | - |  | - |  | (202,494) |  | (276,299) |  | (93,900) |  | (179,934) |  | 1,410 |  | 2,590
Marfrig Chile S.A. | 4,372 |  | 10,840 |  | 2,013 |  | 3,807 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Quickfood S.A. | 17,031 |  | 43,433 |  | 25,000 |  | 58,055 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Agropecuária Jacarezinho | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (54) |  | -
Fazenda São Marcelo | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  |  |  | - |  | (54) |  | -
Pampeano Alimentos S/A | 249 |  | 249 |  | 296 |  | 296 |  | - |  | - |  | - |  | - |  | (677) |  | (1,093) |  | - |  | - |  | - |  | -
Total | 3,559,194 |  | 7,433,683 |  | 4,805,707 |  | 9,844,260 |  | (101,122) |  | (194,889) |  | (115,418) |  | (227,469) |  | (268,686) |  | (409,211) |  | (172,599) |  | (343,941) |  | 1,302 |  | 2,590

98

| Interim Financial Information, Individual and Consolidated | June 30, 2024

|  |  | Consolidated
| Sales |  | Purchases |  | Other operating income (expenses)
| 2024 |  | 2023 |  |  |  | 2024 |  | 2023 |  |  |  | 2024
| Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Marfrig Global Foods S.A. | 18,304 |  | 33,510 |  | 15,081 |  | 35,381 |  | (202,494) |  | (276,299) |  | (132,951) |  | (253,992) |  | 1,410 |  | 2,589
Marfrig Chile S.A. | 4,372 |  | 11,452 |  | 3,005 |  | 6,132 |  | (270) |  | (652) |  | (466) |  | (784) |  | - |  | -
Quickfood S.A. | 17,031 |  | 43,433 |  | 25,000 |  | 58,055 |  | - |  | - |  | - |  | - |  | - |  | -
Agropecuária Jacarezinho | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (54) |  | -
Fazenda São Marcelo | - |  | - |  | - |  | - |  | - |  | - |  |  |  | - |  | (54) |  | -
Weston Importers Ltd. | 1,288 |  | 1,839 |  | 316 |  | 316 |  | (85,164) |  | (115,252) |  | - |  | - |  | - |  | -
Pampeano Alimentos S/A | 249 |  | 249 |  | 296 |  | 296 |  | (677) |  | (1,093) |  | - |  | - |  | - |  | -
Total | 41,244 |  | 90,483 |  | 43,698 |  | 100,180 |  | (288,605) |  | (393,296) |  | (133,417) |  | (254,776) |  | 1,302 |  | 2,589

The subsidiaries of the Company enter into loan agreements pursuant its cash management strategy respecting market conditions. As of June 30, 2024, the balance of these transactions was R$1,347,553 (R$1,132,634 as of December 31, 2023).

The Company made contributions related to the post-employment benefit plans of its employees to BRF Previdência, which holds these plans (note 19). Additionally, the Company leased properties owned by BRF Previdência, and for the six-month period ended on June 30, 2024 the total amount of lease payments were R$11,606 (R$10,170 in the same period of the previous year) and for the three-month period ended June 30, 2024 R$5,737 (R$5,869 in the same period of the previous year).

The Company maintains other transactions with related parties resulting from guarantees, transferences and donations to related associations and institutes, as well as leasing and other commercial transactions with related people and entities. Such transactions are compliant with the Related Party Transactions Policy and are not relevant, individually or in aggregate.

On December 16, 2022, BRF issued a guarantee to the promissory commercial notes issued by Potengi, public offering with limited distribution efforts with maturity in eighteen (18) months. The total amount of the Offer is R$700,000. BRF issued a joint guarantee limited to the amount corresponding to 24% of the Offer amount. On May 06, 2024, the extension of the due date to December 16, 2024, was approved.

On August 14, 2023, BRF provided financing guarantees to Potengi, with Banco do Brasil S.A., through the opening of fixed credit up to a limit of R$144,000, coming from ordinary resources from the Fundo de Desenvolvimento do Nordeste – (“FDNE”), transferred to finance the implementation of the Cajuína 1 Wind Generating Plant, located in Rio Grande do Norte.

On January 19, 2024, BRF provided guarantees with the purpose of ensuring compliance with the main and additional obligations undertaken by Potengi at its first issue of 300,000 simple debentures, not convertible into shares, in a single series, with a maturity period of eighteen (18) years. The nominal unit value expressed in Reais is R$1, with BRF providing a personal guarantee for the amount corresponding to 24% of the issue value.

On March 27, 2024, BRF provided guarantees with the purpose of ensuring compliance with the main and additional obligations undertaken by Potengi at its second issue of 2,100,000 simple debentures, not convertible into shares, in a single series, with a maturity period of eighteen (18) years. The nominal unit value expressed in Reais is R$0,1, with BRF providing a personal guarantee for the amount corresponding to 24% of the issue value.

99

| Interim Financial Information, Individual and Consolidated | June 30, 2024

On May 21, 2024, have entered into a strategic product supply agreement with Saudi Agricultural and Livestock Investment Company (“SALIC”). The Agreement allows SALIC to acquire up to 200,000 tons of products per year whenever there is a state of food emergency in the Kingdom of Saudi Arabia.

The price to SALIC will be equivalent to an average of market prices charged by the Company to other clients and the supply obligation will only exist if the Company has plants authorized for export to the Kingdom of Saudi Arabia with sufficient volume to also meet the needs of its other clients in that country.

On June 30, 2024, there were no transactions linked to this contract.

| 28.1. | Management remuneration

The total remuneration and benefits expense with board members, statutory directors and the head of internal audit are set forth below:

| Consolidated
| 2024 |  | 2023
| Apr - jun |  | Jan - jun |  | Apr - jun |  | Jan - jun
Salary and profit sharing | 37,176 |  | 52,580 |  | 18,860 |  | 29,092
Short-term benefits (1) | 49 |  | 89 |  | 49 |  | 162
Private pension | 198 |  | 384 |  | 185 |  | 370
Termination benefits | 1,027 |  | 2,054 |  | 1,509 |  | 3,028
Share-based payment | 9,423 |  | 13,938 |  | 5,821 |  | 9,156
| 47,873 |  | 69,045 |  | 26,425 |  | 41,808

| (1) | Comprises: medical assistance, educational expenses and others.

In addition, the executive officers (non-statutory) received among remuneration and benefits the total amount of R$10,264 in the six-month period ended on June 30, 2024 (R$9,658 in the same period of the previous year) and for the three-month period ended June 30, 2024, R$6,735 (R$5,922 in the same period of the previous year).

| 29. | Commitments

In the normal course of the business, the Company entered into long-term agreements with third parties, which mainly include purchase of, secondary materials, energy inputs, storage and industrialization services, among others to support its activities. In these agreements, the prices agreed may be fixed or to be fixed. These agreements contain termination clauses for non-compliance with essential obligations and the minimum contractually agreed is generally purchased and, for this reason, there are no liabilities recorded in addition to the amount that is recognized on an accrual basis. On June 30, 2024, firm purchase commitments in the Parent Company totaled R$4,141,302 and R$4,570,729 in the Consolidated (R$4,524,719 in the Parent Company and R$5,023,227 in the Consolidated on December 31, 2023).

| 30. | Transactions that do not involve cash

The following transactions did not involve cash or cash equivalents during the six-month period ended on June 30, 2024:

100

| Interim Financial Information, Individual and Consolidated | June 30, 2024

| (i) | Capitalized loan interest: for the six-month period ended on June 30, 2024 amounted to R$18,320 in the Parent Company and R$19,246 in the Consolidated (R$31,910 in the Parent Company and R$35,721 in the same period of the previous year) and for the three-month period ended June 30, 2024 R$8,884 in the Parent Company and R$9,423 in the Consolidated (R$14,889 in the Parent Company and R$15,138 in the same period of the previous year).

| (ii) | Addition of lease by right-of-use assets and respective lease liability: the six-month period ended on June 30, 2024, amounted to R$520,980 in the parent company and R$751,484 in the consolidated (R$503,637 in the parent company and R$515,171 in the consolidated in the same period of the previous year) and for the three-month period ended June 30, 2024 R$210,294 in the Parent Company and R$264,756 in the Consolidated (R$215,940 in the parent company and R$227,148 in the consolidated in the same period of the previous year).

| 31. | Events after the reporting period

| 31.1. | Incident at the plant in Carambeí - PR

On August 08, 2024, the Company informed its shareholders and the market in general that a fire had occurred in part of its Carambeí - PR unit. There were no fatalities and all employees were safe. The unit's activities have been temporarily suspended. The Company is assessing the economic impacts of the incident it emphasizes that it has insurance coverage for this type of loss and that production at Carambeí - PR has been redirected to other nearby units while the shutdown continues.

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| Interim Financial Information, Individual and Consolidated | June 30, 2024

| 32. | Approval of the Financial Statements

The financial statements were approved and the issuance authorized by the Board of Directors on August 14, 2024.

BOARD OF DIRECTORS |
Global President Office (Non-Independent) | Marcos Antonio Molina dos Santos
Vice-Chairman (Non-Independent) | Márcia Aparecida Pascoal Marçal dos Santos
Non-Independent Member | Marcos Fernando Marçal dos Santos
Non-Independent Member | Márcio Hamilton Ferreira
Independent Member | Eduardo Augusto Rocha Pocetti
Non-Independent Member | Sérgio Agapito Lires Rial
Independent Member | Pedro de Camargo Neto
Independent Member | Augusto Marques da Cruz Filho
Independent Member | Flavia Maria Bittencourt
FISCAL COUNCIL |
Member | Marco Antônio Peixoto Simões Velozo
Member | Ricardo Florence dos Santos
Member | Alexandre Eduardo De Melo
AUDIT AND INTEGRITY COMMITTEE |
Comittee Coordinator | Augusto Marques da Cruz Filho
Member | Eduardo Augusto Rocha Pocetti
External Member | Esmir Oliveira
BOARD OF EXECUTIVE OFFICERS |
Global Chief Executive Officer | Miguel de Souza Gularte
Financial and Investor Relations Vice-President | Fábio Luis Mendes Mariano
People, Sustainability and Digital Vice-President | Alessandro Rosa Bonorino
Vice President of Industrial Operations and Logistics | Artemio Listoni
Agribusiness and Product Quality Vice-President | Fabio Duarte Stumpf
International Markets and Planning Vice-President | Leonardo Campo Dallorto
Brazil Commercial Vice-President | Manoel Reinaldo Manzano Martins Junior
Marketing and New Businesses Vice-President | Marcel Sacco
Marcos Roberto Badollato |
Accounting Director - CRC 1SP219369/O-4 |

102

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Breakdown of capital stock by nature (not reviewed)

The shareholding position of the shareholders holding more than 5% of the voting stock, management and members of the Board of Directors is presented below:

|  | 06.30.24 |  | 12.31.23
Shareholders |  | Quantity |  | % |  | Quantity |  | %
Major shareholders |  |  |  |  |  |  |  |
Marfrig Global Foods S.A. |  | 849,526,130 |  | 50.49 |  | 842,165,702 |  | 50.06
Salic |  | 185,556,900 |  | 11.03 |  | 180,000,000 |  | 10.70
Kapitalo Investimentos Ltda. |  | - |  | - |  | 107,982,757 |  | 6.42
Caixa de Previd. dos Func. do Banco do Brasil |  | 103,328,121 |  | 6.14 |  | 103,328,121 |  | 6.14
Management |  |  |  |  |  |  |  |
Board of Directors |  | 4,300 |  | 0.00 |  | 518,900 |  | 0.03
Executives |  | 1,487,545 |  | 0.09 |  | 626,458 |  | 0.04
Fiscal Council |  | 29,400 |  | 0.00 |  | 32,700 |  | 0.00
Treasury shares |  | 23,925,871 |  | 1.42 |  | 3,817,179 |  | 0.23
Other |  | 518,614,979 |  | 30.83 |  | 444,001,429 |  | 26.38
|  | 1,682,473,246 |  | 100.00 |  | 1,682,473,246 |  | 100.00

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INDEPENDENT AUDITORS’ REPORT ON INDIVIDUAL AND CONSOLIDATED INTERIM FINANCIAL INFORMATION

To the Board of directors and shareholders of

BRF S.A.

Itajaí – SC

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of BRF S.A. (the Company), comprised in the Quarterly Information Form for the quarter ended June 30, 2024, comprising the balance sheet as of June 30, 2024 and the respective statements of income and of comprehensive income for the periods of three and six months then ended, and of changes in shareholders’ equity and of cash flows for the period of six months then ended, including the explanatory notes.

Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with NBC TG 21 – Interim Financial Reporting and with the international standard IAS 34 – Interim Financial Reporting, as issued by the International Accounting Standards Board (Iasb), such as for the presentation of these information in accordance with the standards issued by the Brazilian Securities and Exchange Commission, applicable to the preparation of interim financial information. Our responsibility is to express a conclusion on this interim financial information based on our review.

Review scope

We conducted our review in accordance with the Brazilian and International standards on reviews of interim information (NBC TR 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). The review of interim information consists of making inquiries, primarily of persons responsible for the financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the individual and consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the individual and consolidated interim financial information included in the quarterly information form referred to above has not been prepared, in all material respects, in accordance with NBC TG 21 and IAS 34 applicable to the preparation of interim financial information and presented in accordance with the standards issued by the Brazilian Securities and Exchange Commission.

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Other matters

Statements of value added

The quarterly information referred to above includes the individual and consolidated statements of value added for the period of six months ended June 30, 2024, prepared under the responsibility of the Company's management and presented as supplementary information for the purposes of IAS 34. These statements were submitted to the same review procedures in conjunction with the review of the Company's interim financial information to conclude they are reconciliated to the interim financial information and to the accounting records, as applicable, and whether the structure and content are in accordance with the criteria established in the NBC TG 09 – Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that the accompanying statements of value added were not prepared, in all material respects, in accordance to the criteria defined in that standard and consistently in relation to the individual and consolidated interim financial information taken as a whole.

São Paulo, August 14, 2024.

Grant Thornton Auditores Independentes Ltda.

CRC 2SP-025.583/O-1

Octavio Zampirollo Neto

Accountant CRC 1SP-289.095/O-3

105

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Opinion of the Audit and Integrity Commitee

The Audit and Integrity Committee of BRF S.A., in fulfilling its statutory and legal duties, examined the interim financial information (Parent Company and Consolidated) for the six-month period ended on June 30, 2024, the Management Report and the review report issued without modification by Grant Thornton Auditores Independentes Ltda.

There were no situations of significant divergence between the Company's Management, the independent auditors and the Audit Committee in relation to the Company's interim financial information.

Based on the documents reviewed and the explanations provided, the members of the Audit and Integrity Committee, undersigned, issued the opinion that the interim financial information are in a position to be approved.

São Paulo, August 14, 2024.

Augusto Marques da Cruz Filho

Coordinator

Eduardo Augusto Rocha Pocetti

Member

Esmir de Oliveira

External Member

106

| Interim Financial Information, Individual and Consolidated | June 30, 2024

Statement of Executive Board on the Consolidated Interim Financial Information and Independent Auditor’s Report

In compliance with the dispositions of sections V and VI of the article 25 of the CVM Instruction Nº 480/09, the executive board of BRF S.A. states that:

(i) reviewed, discussed and agreed with the Company’s interim financial information for the fiscal for the six-month period ended on June 30, 2024, and

(ii) reviewed, discussed and agreed with the opinions expressed in the audit report issued by Grant Thornton Auditores Independentes Ltda. for the six-month period ended on June 30, 2024.

São Paulo, August 14, 2024.

Miguel de Souza Gularte

Global Chief Executive Officer

Fábio Luis Mendes Mariano

Financial and Investor Relations Vice-President

Alessandro Rosa Bonorino

People, Sustainability and Digital Vice-President

Artemio Listoni

Vice President of Industrial Operations and Logistics

Fabio Duarte Stumpf

Agribusiness and Product Quality Vice-President

Leonardo Campo Dallorto

International Markets and Planning Vice-President

Manoel Reinaldo Manzano Martins Junior

Brazil Commercial Vice-President

Marcel Sacco

Marketing and New Businesses Vice-President

107