Cresud SACIF y (CRESY) stock experienced a significant plummet of 5.07% in the intraday trading session on Tuesday. This downward movement can be attributed to the company's weak financial performance during the first half of fiscal year 2025, as reported in its latest earnings release.

According to the financial results, Cresud SACIF y reported a substantial net loss of ARS 64,391 million for the six-month period. This loss was primarily driven by a decrease in the fair value of investment properties held by its subsidiary IRSA. The company's adjusted EBITDA also declined by 15.3% compared to the same period in the previous year, reaching ARS 134,961 million.

Despite some positive developments in the agribusiness sector, such as historically low commodity prices, reduced input costs, and favorable weather conditions, the overall financial performance of Cresud SACIF y was negatively impacted by the significant loss related to its real estate investments. Investors reacted to these disappointing results by selling off the company's shares, leading to the observed plummet in stock price.