Cresud S.A.C.I.F. y A. announces its results for the second quarter of Fiscal Year 2025 ended December 31, 2024

PR Newswire

BUENOS AIRES, Argentina, Feb. 10, 2025

BUENOS AIRES, Argentina, Feb. 10, 2025 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), leading Argentine agricultural company, announces today its results for the second quarter of FY 2025 ended December 31, 2024.

HIGHLIGHTS

   -- The net result for the first half of fiscal year 2025 registered a loss 
      of ARS 64,391 million. This result is mainly explained by the loss due to 
      changes in the fair value of IRSA investment properties. 
 
   -- The adjusted EBITDA for the period reached ARS 134,961 million, 15.3% 
      lower than the same period in 2024. The agribusiness adjusted EBITDA was 
      ARS 35,262 million and the Urban adjusted EBITDA (through IRSA), ARS 
      103,136 million. 
 
   -- The 2025 campaign is developing with historically low commodity prices, 
      although a slight recovery was observed in the last quarter, reduced 
      input costs, and favorable weather conditions in the region. We planted 
      303,000 hectares in the region, 9% more than the previous season. 
 
   -- In January 2025, the Argentine government announced a temporary reduction 
      in crops tax exports until June 30, 2025, lowering soybean from 33% to 
      26% and wheat and corn from 12% to 9.5%. This had a positive impact on 
      spot and future crop prices of approximately 5%. 
 
   -- During the first half of fiscal year 2025, we sold a fraction of Los 
      Pozos farm in Argentina for USD 2.2 million and our subsidiary BrasilAgro 
      sold a fraction of its Alto Taquari farm for BRL 189.4 million. 
 
   -- On November 2024, we distributed a cash dividend of ARS 45,000 million 
      (dividend yield 7%). 
 
                      Financial Highlights 
                 (In millions of Argentine Pesos) 
                6M FY 2025 ended December 31, 2024 
 
 Income Statement                        12/31/2024   12/31/2023 
 Agricultural Business Revenue              238,715      225,523 
 Agricultural Business Gross Profit          22,726       57,588 
 Urban Properties Revenues                  170,141      183,583 
 Urban Properties Gross Profit              131,923      151,210 
 Consolidated Gross Profit                  153,481      207,081 
 Consolidated results from Operations     (135,606)      449,429 
--------------------------------------  -----------  ----------- 
 Profit for the Period                     (64,391)      266,118 
--------------------------------------  -----------  ----------- 
 
 Attributable to: 
-------------------------------------- 
 Cresud's Shareholders                     (61,541)      106,267 
 Non-Controlling interest                   (2,850)      159,851 
 
 EPS (Basic)                               (103.27)       179.48 
 EPS (Diluted)                             (103.27)       181.95 
 
 Balance Sheet                           12/31/2024   06/30/2024 
 Current Assets                             860,003      855,684 
 Non-Current Assets                       3,095,323    3,351,393 
--------------------------------------  -----------  ----------- 
 Total Assets                             3,955,326    4,207,077 
--------------------------------------  -----------  ----------- 
 Current Liabilities                        818,215      796,577 
 Non-Current Liabilities                  1,477,235    1,516,093 
--------------------------------------  -----------  ----------- 
 Total Liabilities                        2,295,450    2,312,670 
--------------------------------------  -----------  ----------- 
 Non-Controlling Interest                   920,622    1,051,029 
 Shareholders' Equity                     1,659,876    1,894,407 
 

The Company's market capitalization as of December 31, 2024, was approximately USD 761.8 million. (60,314,043 ADS with a price per ADS of USD 12.63)

Cresud, leading Argentinean agricultural company with a growing presence in Latin American countries, cordially invites you to participate in its second quarter of the FY 2025 Results Conference Call on Tuesday, February 11, 2025, at 8:00 AM Eastern Time / 10:00 AM BA Time.

To access the Webinar:

https://zoom.us/webinar/register/WN_348neF8QTg2pCDSzie8_FA

Webinar ID: 951 4144 0099

Password: 620076

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

February 10, 2025 21:14 ET (02:14 GMT)