BUENOS
AIRES, Argentina, Feb. 7, 2025
/PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE:
IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the
second quarter of the Fiscal Year 2025 ended December 31, 2024.
HIGHLIGHTS
- The net result for the first semester of fiscal year 2025
recorded a loss of ARS 40,971 million compared to a gain of
ARS 319,226 million in the same
period of the previous year, mainly due to the loss recorded from
changes in the fair value of investment properties. This is an
accounting effect that does not imply cash movements.
- Real tenant sales in shopping malls continue to recover on a
quarterly basis. They increased by 21.4% compared to the previous
quarter but declined by 8.5% compared to the same period of fiscal
year 2024. The segment's adjusted EBITDA for the semester
reached ARS 94,539 million, just 2,0% below the same period of
the previous year.
- During the quarter, we acquired a new shopping mall
"Terrazas de Mayo", located in
Malvinas Argentinas in the
northwest of Greater Buenos Aires
for a total amount of USD 27.75
million. The mall has a leasable area of 33,700 sqm and 86
stores.
- During the second quarter we reached 100% occupancy of our
premium office portfolio and sold an additional floor of the
Della Paolera 261 building for USD 7.1
million.
- The Hotels segment recorded lower revenues and occupancy in the
first half of fiscal year 2025 compared to 2024, in a context of
greater appreciation of the Argentine peso against the U.S.
dollar.
- Subsequently, we signed sale agreements for two lots of
the Ramblas del Plata project with an estimated saleable area
of 40,000 sqm to a local developer for the sum of USD 23.4 million.
Financial Highlights
(In millions of Argentine
Pesos)
6M FY 2025
|
Income
Statement
|
12/31/2024
|
12/31/2023
|
|
Revenues
|
212,141
|
220,936
|
|
Consolidated Gross
Profit
|
130,934
|
149,605
|
|
Net result from changes
in the fair value of investment properties
|
(233,073)
|
300,126
|
|
Consolidated Result
from Operations
|
(149,784)
|
420,889
|
|
Result for the
Period
|
(40,971)
|
319,226
|
|
|
|
|
Attributable
to:
|
|
|
|
IRSA's
Shareholders
|
(39,773)
|
308,177
|
|
Non-Controlling
interest
|
(1,198)
|
11,049
|
|
|
|
|
EPS (Basic)
|
(54.19)
|
412.55
|
|
EPS
(Diluted)
|
(54.19)
|
413.11
|
|
|
|
|
Balance
Sheet
|
12/31/2024
|
06/30/2024
|
|
Current
Assets
|
271,335
|
275,848
|
|
Non-Current
Assets
|
2,230,471
|
2,439,662
|
|
Total
Assets
|
2,501,806
|
2,715,510
|
|
Current
Liabilities
|
380,247
|
333,008
|
|
Non-Current
Liabilities
|
885,019
|
986,524
|
|
Total
Liabilities
|
1,265,266
|
1,319,532
|
|
Non-Controlling
Interest
|
80,071
|
89,386
|
|
Shareholders'
Equity
|
1,236,540
|
1,395,978
|
The Company's market capitalization as of December 31, 2024, was approximately USD 1,117 million. (74,829,790 GDS with a price
per GDS of USD 14.93).
IRSA Inversiones y Representaciones S.A. (NYSE: IRS,
BYMA: IRSA), the Argentina's
largest, most well-diversified real estate company, cordially
invites you to participate in its IIQ FY 2025 Results Conference
Call on Friday, February 7, 2025, at
8:00 AM US Eastern Time /
10:00 AM BA Time.
To access the Webinar:
https://zoom.us/webinar/register/WN_FZj3vQ3iRfCuqO4iByJq-Q
Webinar ID: 950 1110 7642
Password: 965224
In addition, you can participate communicating to this
numbers:
Argentina: +54 112 040 0447 or
+54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986
Israel: +972 3 978 6688 or +972
2 376 4509 or +972 2 376 4510
Brazil: +55 11 4632 2237 or +55
11 4680 6788 or +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632
2236
United States of America: +1
564 217 2000 or +1 646 931 3860 or +1 669 444 9171 or +1 669 900
6833 or +1 689 278 1000
Chile: +56 22 573 9305 or
+56 23 210 9066 or +56 232 938 848 or +56 41 256 0288 or +56 22 573
9304
Investor Relations Department.
+ 5411 4323-7449
ir@irsa.com.ar
IRSA
Follow us on X @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.
