CRESUD S.A.C.I.F. y A. announces its results for the third quarter of Fiscal Year 2025 ended March 31, 2025

PR Newswire

BUENOS AIRES, Argentina, May 9, 2025

BUENOS AIRES, Argentina, May 9, 2025 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), leading Argentine agricultural company, announces today its results for the third quarter of FY 2025 ended March 31, 2025.

HIGHLIGHTS

   -- The net result for the nine-month period of the 2025 fiscal year recorded 
      a profit of ARS 57,895 million, compared to a loss of ARS 39,987 million 
      in the same period of 2024. 
 
   -- The adjusted EBITDA of the segments that make up the agricultural 
      business was ARS 31,072 million, while the urban properties and 
      investments business (through IRSA) recorded ARS 156,380 million. 
 
   -- The 2025 campaign progressed with a good level of rainfall in the region, 
      despite some irregularity in frequency specially in Northern Argentina, 
      with sustained commodity prices and stable input costs. We planted 
      300,000 hectares in the region and expect to produce approximately 
      867,000 tons of grains, 23% more than in the previous campaign. 
 
   -- Cattle activity in Argentina is developing with very good prices, margins, 
      and production levels. 
 
   -- During the quarter and after the closing, the Argentine government 
      announced two favorable measures for the agricultural sector. First, a 
      temporary reduction, until June 30, 2025, in export duties for soybeans, 
      from 33% to 26%, and for wheat and corn, from 12% to 9.5%, with a 
      positive impact on available and future grain prices. Second, the partial 
      elimination of capital controls, with a direct impact on the convergence 
      of exchange rates. 
 
   -- During the nine-month period of the 2025 fiscal year, we sold a portion 
      of the "Los Pozos" farm in Argentina for USD 2.2 million, and our 
      subsidiary BrasilAgro sold a portion of "Alto Taquari" farm for BRL 189.4 
      million. 

Financial Highlights

(In millions of Argentine Pesos)

9M FY 2025 ended March 31, 2025

 
 Income Statement                        03/31/2025   03/31/2024 
 Agricultural Business Revenue              353,159      371,988 
 Agricultural Business Gross Profit          54,117       97,424 
 Urban Properties Revenues                  269,586      276,363 
 Urban Properties Gross Profit              206,917      227,653 
 Consolidated Gross Profit                  259,097      321,226 
 Consolidated results from Operations         7,882    (363,662) 
--------------------------------------  -----------  ----------- 
 Profit for the Period                       57,895     (39,987) 
--------------------------------------  -----------  ----------- 
 
 Attributable to: 
-------------------------------------- 
 Cresud's Shareholders                       22,228       34,835 
 Non-Controlling interest                    35,667     (74,822) 
 
 EPS (Basic)                                  37.27        58.83 
 EPS (Diluted)                                31.14        49.76 
 
 Balance Sheet                           03/31/2025   06/30/2024 
 Current Assets                           1,173,788      929,008 
 Non-Current Assets                       3,448,008    3,638,579 
--------------------------------------  -----------  ----------- 
 Total Assets                             4,621,796    4,567,587 
--------------------------------------  -----------  ----------- 
 Current Liabilities                        936,607      864,837 
 Non-Current Liabilities                  1,783,058    1,646,010 
--------------------------------------  -----------  ----------- 
 Total Liabilities                        2,719,665    2,510,847 
--------------------------------------  -----------  ----------- 
 Non-Controlling Interest                 1,056,548    1,141,092 
 Shareholders' Equity                     1,902,131    2,056,740 
 

The Company's market capitalization as of March 31, 2025, was approximately USD 653.5 million. (60,504,918 ADS with a price per ADS of USD 10.8)

Cresud, leading Argentinean agricultural company with a growing presence in Latin American countries, cordially invites you to participate in its third quarter of the FY 2025 Results Conference Call on Monday, May 12, 2025, at 2:00 PM Eastern Time / 3:00 PM BA Time.

To access the Webinar:

https://zoom.us/webinar/register/WN_HkWCcRhyTXSj0wojdiCShQ

Webinar ID: 979 5279 7878

Password: 326784

In addition, you can participate communicating to this numbers:

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

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

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

US: +1 719 359 4580 or +1 929 205 6099 or +1 253 205 0468 or +1 253 215 8782 or +1 301 715 8592

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

UK: +44 330 088 5830 or +44 131 460 1196 or +44 203 481 5237 or +44 203 481 5240 or +44 208 080 6591

Investor Relations Department.

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

Cresud S.A.C.I.F. y A.

+5411 4323-7449

ir@cresud.com.ar

Follow us on X: @cresudir

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SOURCE Cresud S.A.C.I.F. y A.

(END) Dow Jones Newswires

May 09, 2025 09:36 ET (13:36 GMT)