Adecoagro S.A. (NYSE:AGRO) ("Adecoagro" or the "Company"), a leading sustainable production company in South America, announces that it has entered into an agreement with Raízen Group to acquire the Caarapó Mill, located in the State of Mato Grosso do Sul, including the Company's owned sugarcane and sugarcane supply agreements. The transaction price is estimated at R$760 million (approximately US$148 million), subject to adjustments, and will be paid in cash upon closing. During the 2025/26 harvest season, the Caarapó Mill processed approximately 3.5 million tons of sugarcane. The acquisition is aligned with Adecoagro's growth strategy of expanding its footprint in the region.

Caarapó mill is located in the municipality of Caarapó, Mato Grosso do Sul, approximately 100 km from Adecoagro's Angélica and Ivinhema mills. The mill has the capacity to produce sugar, hydrous and anhydrous ethanol, as well as renewable energy.