CRESY - 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 /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
SOURCE Cresud S.A.C.I.F. y A.
| Company Name: | Cresud S.A.C.I.F. y A. American Depositary Shares each representing ten shares of Common Stock |
| Stock Symbol: | CRESY |
| Market: | NASDAQ |
| Website: | cresud.com.ar |
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