IRSA Inversiones y Representaciones S.A announces its results for the third quarter of Fiscal Year 2025 ended March 31, 2025

PR Newswire

BUENOS AIRES, Argentina, May 6, 2025

BUENOS AIRES, Argentina, May 6, 2025 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the third quarter of the Fiscal Year 2025 ended March 31, 2025.

HIGHLIGHTS

   -- The net result for the nine-month period of fiscal year 2025 recorded a 
      profit of ARS 35,063 million compared to a loss of ARS 174,216 million in 
      the same period of the previous year. 
 
   -- The shopping malls continued their recovery process and observed very 
      good results in the third quarter of fiscal year 2025. Tenant sales grew 
      by 13.4% compared to the same quarter in 2024, and portfolio occupancy 
      increased to 98.1%. The segment's adjusted EBITDA reached ARS 147,914 
      million in the nine-month period, 9.7% higher than the same period in 
      2024. 
 
   -- We maintained full occupancy of our premium office portfolio in the third 
      quarter of FY25. 
 
   -- The Hotels segment recorded lower revenues and occupancy in a context of 
      greater appreciation of the Argentine peso against the dollar. 
 
   -- During the quarter and thereafter, we signed sale and exchange agreements 
      for eleven lots of the Ramblas del Plata project, with an estimated 
      sellable area of 95,000 sqm for USD 66.1 million. 
 
   -- During the quarter, we issued the Series XXIV Notes in the international 
      market for USD 300 million, maturing in 2035. The funds will be used to 
      cancel existing liabilities and finance investment projects. 

Financial Highlights

(In millions of Argentine Pesos)

9M FY 2025

 
Income Statement                                        03/31/2025  03/31/2024 
Revenues                                                   336,028     333,013 
Consolidated Gross Profit                                  205,352     225,202 
Net result from changes in the fair value of 
 investment properties                                   (141,903)   (601,653) 
Consolidated Result from Operations                        (5,458)   (430,212) 
------------------------------------------------------  ----------  ---------- 
Result for the Period                                       35,063   (174,216) 
------------------------------------------------------  ----------  ---------- 
 
Attributable to: 
------------------------------------------------------ 
IRSA's Shareholders                                         33,417   (163,611) 
Non-Controlling interest                                     1,646    (10,605) 
 
EPS (Basic)                                                  45.10    (219.61) 
EPS (Diluted)                                                39.45    (219.61) 
 
Balance Sheet                                           03/31/2025  06/30/2024 
Current Assets                                             556,717     299,487 
Non-Current Assets                                       2,502,063   2,648,718 
------------------------------------------------------  ----------  ---------- 
Total Assets                                             3,058,780   2,948,205 
------------------------------------------------------  ----------  ---------- 
Current Liabilities                                        386,604     361,541 
Non-Current Liabilities                                  1,246,434   1,071,061 
------------------------------------------------------  ----------  ---------- 
Total Liabilities                                        1,633,038   1,432,602 
------------------------------------------------------  ----------  ---------- 
Non-Controlling Interest                                    89,918      97,045 
------------------------------------------------------  ----------  ---------- 
Shareholders' Equity                                     1,425,742   1,515,603 
------------------------------------------------------  ----------  ---------- 
 

The Company's market capitalization as of March 31, 2025, was approximately USD 977 million. (75,769,996 GDS with a price per GDS of USD 12.90).

IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA), the Argentina's largest, most well-diversified real estate company, cordially invites you to participate in its IIIQ FY 2025 Results Conference Call on Wednesday, May 7, 2025, at 11:00 AM US Eastern Time / 12:00 PM BA Time.

To access the Webinar:

https://zoom.us/webinar/register/WN_39X4CQ9QS260Oym25aXaHg

Webinar ID: 932 6260 4326

Password: 622331

In addition, you can participate communicating to this numbers:

Argentina: +54 112 040 0447 or +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986

Israel: +972 3 978 6688 or +972 2 376 4509 or +972 2 376 4510

Brazil: +55 11 4632 2237 or +55 11 4680 6788 or +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632 2236

United States of America: +1 564 217 2000 or +1 646 931 3860 or +1 669 444 9171 or +1 669 900 6833 or +1 689 278 1000

Chile: +56 22 573 9305 or +56 23 210 9066 or +56 232 938 848 or +56 41 256 0288 or +56 22 573 9304

Investor Relations Department.

+ 5411 4323-7449

ir@irsa.com.ar

https://www.irsa.com.ar/home-inversores.php?lng=en

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SOURCE IRSA Inversiones y Representaciones S.A.

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May 06, 2025 18:51 ET (22:51 GMT)