IRSA: Strength In A Quarter That Was All Uncertainty

2025-12-10 05:25:05 ET

The first quarter of the IRSA ( IRS ) fiscal year was marked by midterm elections in Argentina, and that always moves the board. Perhaps in many countries they are only legislative elections, but here each electoral cycle comes with uncertainty, consumption that slows and delayed decisions... because in Argentina, even in a midterm election, the country model ends up being discussed. So when I started reviewing the quarter numbers, it really caught my attention that IRSA showed no clear signs of being affected by that climate....

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