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Cresud Inc. (NASDAQ:CRESY) reported net income of ARS 110.1 billion for the first quarter of fiscal year 2026, compared to a net loss of ARS 77.9 billion in the same period of the prior year. The results, disclosed Monday in a press release statement and detailed in a recent SEC filing, were primarily attributed to gains from changes in the fair value of IRSA investment properties.
Adjusted EBITDA for the quarter was ARS 58.8 billion, representing a 39.7% decrease from the same quarter in fiscal 2025. Of this, ARS 5.6 billion was generated by agribusiness segments, while the urban properties and investments business, through IRSA, contributed ARS 57.6 billion.
The company reported total comprehensive income of ARS 168.6 billion for the three-month period ended September 30, 2025, compared to a loss of ARS 101.8 billion for the same period a year earlier. Total shareholders’ equity as of September 30, 2025, stood at ARS 2.53 trillion, up from ARS 2.19 trillion a year prior.
Cresud’s market capitalization as of September 30, 2025, was approximately $581.3 million, based on 63,184,415 American Depositary Shares (ADS) at $9.20 per ADS.
The company’s principal shareholder and beneficial owner is Eduardo Sergio Elsztain, who, directly and indirectly through Inversiones Financieras del Sur S.A. and Consultores Venture Capital Uruguay S.A., holds 230,771,688 shares, representing 36.84% of the share capital net of treasury shares.
As of September 30, 2025, Cresud had 60,669,566 outstanding warrants, which expire on March 10, 2026, and are listed on the Buenos Aires Stock Exchange under "CRE3W" and on NASDAQ under "CRESW." If all warrants were exercised, the total number of shares issued and subscribed would increase to 725,378,424.
On October 30, 2025, the company’s shareholders approved a dividend distribution of ARS 93.8 billion, comprising ARS 65.1 billion in cash and ARS 28.7 billion in IRSA shares.
This article is based on a press release statement and information disclosed in a SEC filing.
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