Brazil Potash (GRO) investor relations material

Executive summary

• Focused on developing the Autazes potash project in Brazil, with no commercial production or revenue as of December 31, 2025.

• Raised over $274 million to date through equity, debt, IPO, and private placements to fund exploration, development, and permitting.

• Received all 21 required construction licenses for the Autazes Project, with operational and mining licenses pending post-construction.

• Signed long-term offtake agreements covering ~91% of anticipated production, supporting future revenue visibility.

Financial highlights

• Net loss of $52.2 million for 2025, compared to $46.4 million in 2024 and $13.2 million in 2023, driven by increased share-based compensation and administrative expenses.

• Operating loss for 2025 was $54.9 million, up from $46.6 million in 2024.

• Cash and cash equivalents at year-end 2025 were $27.8 million, with working capital of $26.6 million.

• Accumulated deficit reached $198.1 million as of December 31, 2025.

• No revenue generated to date; all costs funded by equity and debt financing.

Outlook and guidance

• Near-term goal is to commence primary construction of the Autazes Project, subject to securing additional funding.

• Projected mine life of 23 years at an average production rate of 2.4 million tons of MOP per year.

• Plans to be the lowest-cost domestic potash supplier in Brazil, targeting full production ramp-up within 36 months of construction completion.

• Additional financing will be required to complete construction and reach commercial production.