Cresud reports strong financial results for nine-month period

Cresud (BCBA:CRESm) Inc. (NASDAQ:CRESY), a leading Argentine agricultural company, disclosed its financial results for the nine-month period ending March 31, 2025, today, revealing a significant profit compared to the previous year’s loss. The company’s net result for the period showed a profit of ARS 57,895 million, a substantial turnaround from the loss of ARS 39,987 million during the same period in 2024.

The agricultural segment’s adjusted EBITDA was ARS 31,072 million, while the urban properties and investments business, managed through IRSA, recorded ARS 156,380 million. The company benefited from favorable weather conditions for crop production, with an expected output of approximately 867,000 tons of grains, marking a 23% increase from the previous campaign.

Cresud also reported positive developments in the cattle sector, with high prices, margins, and production levels. Additionally, the Argentine government’s recent measures, including a temporary reduction in export duties for soybeans, wheat, and corn, and the partial elimination of capital controls, are expected to have a positive impact on the company’s operations.

The company’s capital stock, including treasury shares, stood at ARS 605,049,182, divided into 603,140,435 common shares with one vote each. Eduardo Sergio Elsztain, the principal shareholder, indirectly owns 38.55% of the share capital through IFISA and CVCU. The market capitalization as of March 31, 2025, was approximately USD 653.5 million.

During the nine-month period, Cresud sold part of the "Los Pozos" farm in Argentina and its subsidiary BrasilAgro sold part of the "Alto Taquari" farm, contributing to the company’s revenue. As of March 31, 2025, after accounting for Eduardo Sergio Elsztain’s interest and treasury shares, other shareholders held 61.45% of the company.

Cresud’s report is based on a press release statement and provides an overview of the company’s financial health and outlook, reflecting the resilience and adaptability of its business model in the face of changing market conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.