Cerradinho Group (“Cerradinho” or the “Company”) operates in two businesses with complementary profiles:
Sugarcane Business – led by Cerradinho Bioenergia (the parent company), focused on the production of sugarcane ethanol, VHP sugar, and electric power, with operations in Chapadão do Céu (GO) since 2009 and sugar production starting in July 2024.
Corn Business – operated by Neomille (a wholly owned subsidiary), dedicated to the production of corn ethanol and co-products (DDGs and corn oil), with facilities in Chapadão do Céu (GO), since 2019, and Maracaju (MS), since January 2024.
In the 2025/26 crop year, the Company processed 16.0 million tons of sugarcane equivalent¹, driven by the evolution of its business model and the returns from recent investments. The period was marked by the consolidation of its portfolio diversification strategy, with a greater contribution from sugar and corn ethanol, along with improvements in operational efficiency and financial discipline.
In the Sugarcane Business, 5.2 million tons of sugarcane were processed, while the Corn Business totaled 1.5 million tons of corn crushed.
Total hydrous ethanol² equivalent production reached 865 thousand m³, of which 687 million liters came from corn, highlighting the growing relevance of this segment within the Company.
Electric power is also a strategic product. Cerradinho has been connected to the National Interconnected System (SIN) since 2011 through the cogeneration of clean and renewable energy. In the 2025/26 crop year, 206 GWh were exported to the SIN, in addition to 144 GWh allocated to Neomille’s internal consumption (power and steam equivalent).
The new sugar plant at Cerradinho Bioenergia, with an installed capacity of 550 thousand tons per year, enables high operational flexibility, with the potential to allocate up to approximately 70% of the mix to sugar. In the 2025/26 crop year, 415 thousand tons were produced, corresponding to a 62% ATR mix allocated to this product.
In the Corn Business, in addition to ethanol, co-products stand out, with a pricing dynamic highly correlated with corn, acting as a natural hedge (net corn cost). In the 2025/26 crop year, co-products covered 38.7% of corn costs.
During the period, production amounted to 362 thousand tons of DDGs (corn distillers grains) and 28.6 thousand tons of corn oil, primarily destined for the animal nutrition market.
Notes: 1. Corn volumes were converted into a comparable sugarcane-equivalent basis using a conversion factor of 7.16 tons of corn per ton of sugarcane; 2. Considers the conversion of anhydrous ethanol into hydrous ethanol equivalent