BUENOS
AIRES, Argentina, Nov. 8, 2024
/PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA:
CRES), leading Argentine agricultural company, announces today its
results for the first quarter of FY 2025 ended September 30, 2024.
HIGHLIGHTS
- The net result for the first quarter of fiscal year 2025
registered a loss of ARS 72,374 million, 129.7% lower than the
one registered in the same period of 2024. This lower result is
mainly explained by the loss due to changes in the fair value of
IRSA investment properties.
- The adjusted EBITDA for the period reached ARS 73,977
million, 68.0% higher than the same period in 2024. The
agribusiness adjusted EBITDA was ARS 27,919
million and the Urban adjusted EBITDA (through IRSA),
ARS 47,290 million.
- The 2025 campaign is being developed with good weather
conditions in the region, stable commodity prices and costs that
are beginning to correct although they remain high compared to
prices. We hope to plant approximately 303,000 hectares, 9% more
than in the 2024 campaign.
- During the quarter, we sold a fraction of Los Pozos farm
in Argentina for USD 2.2 million and our subsidiary Brasilagro
sold a fraction of its Alto Taquari farm for BRL 189.4 million.
- On October 28, 2024, the
Shareholders' Meeting approved the distribution of a cash dividend
of ARS 45,000 million (dividend yield ~7%).
|
Financial
Highlights
|
|
(In millions of
Argentine Pesos)
|
|
3M FY 2025 ended
September 30, 2024
|
|
|
|
|
Income
Statement
|
09/30/2024
|
09/30/2023
|
|
Agricultural Business
Revenue
|
136,955
|
113,392
|
|
Agricultural Business
Gross Profit
|
8,671
|
12,373
|
|
Urban Properties
Revenues
|
72,495
|
78,185
|
|
Urban Properties Gross
Profit
|
57,846
|
64,768
|
|
Consolidated Gross
Profit
|
65,999
|
76,809
|
|
Consolidated results
from Operations
|
(172,626)
|
359,771
|
|
Profit for the
Period
|
(72,374)
|
244,016
|
|
|
|
|
Attributable
to:
|
|
|
|
Cresud's
Shareholders
|
(39,562)
|
126,011
|
|
Non-Controlling
interest
|
(32,812)
|
118,005
|
|
|
|
|
EPS (Basic)
|
(66.54)
|
212.94
|
|
EPS
(Diluted)
|
(66.54)
|
181.95
|
|
|
|
|
Balance
Sheet
|
09/30/2024
|
06/30/2024
|
|
Current
Assets
|
804,851
|
792,094
|
|
Non-Current
Assets
|
2,894,590
|
3,102,338
|
|
Total
Assets
|
3,699,441
|
3,894,432
|
|
Current
Liabilities
|
736,545
|
737,378
|
|
Non-Current
Liabilities
|
1,302,932
|
1,403,427
|
|
Total
Liabilities
|
2,039,477
|
2,140,805
|
|
Non-Controlling
Interest
|
913,238
|
972,923
|
|
Shareholders'
Equity
|
1,659,964
|
1,753,627
|
The Company's market capitalization as of September 30, 2024, was approximately
USD 512.7 million. (59,863,914 ADS
with a price per ADS of USD 8.64)
Cresud, leading Argentinean agricultural company with a growing
presence in Latin American countries, cordially invites you to
participate in its first quarter of the FY 2025 Results Conference
Call on Thursday, November 11, 2024,
at 9:00 AM Eastern Time /
11:00 AM BA Time.
To access the Webinar:
https://zoom.us/webinar/register/WN_svGVbgp5QxyBOy6KqCAFbQ#/
Webinar ID: 925 3748 3606
Password: 235934
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 Twitter: @cresudir
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SOURCE CRESUD S.A.C.I.F. y A.