PR Newswire
BUENOS AIRES, Argentina
, Feb. 10, 2025 /PRNewswire/ — Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), leading Argentine agricultural company, announces today its results for the second quarter of FY 2025 ended December 31, 2024.
HIGHLIGHTS
- The net result for the first half of fiscal year 2025 registered a loss of ARS 64,391 million. This 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 134,961 million, 15.3% lower than the same period in 2024. The agribusiness adjusted EBITDA was ARS 35,262 million and the Urban adjusted EBITDA (through IRSA), ARS 103,136 million.
- The 2025 campaign is developing with historically low commodity prices, although a slight recovery was observed in the last quarter, reduced input costs, and favorable weather conditions in the region. We planted 303,000 hectares in the region, 9% more than the previous season.
- In January 2025, the Argentine government announced a temporary reduction in crops tax exports until June 30, 2025, lowering soybean from 33% to 26% and wheat and corn from 12% to 9.5%. This had a positive impact on spot and future crop prices of approximately 5%.
- During the first half of fiscal year 2025, 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 November 2024, we distributed a cash dividend of ARS 45,000 million (dividend yield ~7%).
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Agricultural Business Revenue |
238,715 |
225,523 |
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Agricultural Business Gross Profit |
22,726 |
57,588 |
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Urban Properties Revenues |
170,141 |
183,583 |
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Urban Properties Gross Profit |
131,923 |
151,210 |
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Consolidated Gross Profit |
153,481 |
207,081 |
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Consolidated results from Operations |
(135,606) |
449,429 |
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Cresud’s Shareholders |
(61,541) |
106,267 |
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Non-Controlling interest |
(2,850) |
159,851 |
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EPS (Basic) |
(103.27) |
179.48 |
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EPS (Diluted) |
(103.27) |
181.95 |
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Current Assets |
860,003 |
855,684 |
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Non-Current Assets |
3,095,323 |
3,351,393 |
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Current Liabilities |
818,215 |
796,577 |
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Non-Current Liabilities |
1,477,235 |
1,516,093 |
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Non-Controlling Interest |
920,622 |
1,051,029 |
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The Company’s market capitalization as of December 31, 2024, was approximately USD 761.8 million. (60,314,043 ADS with a price per ADS of USD 12.63)
Cresud, leading Argentinean agricultural company with a growing presence in Latin American countries, cordially invites you to participate in its second quarter of the FY 2025 Results Conference Call on Tuesday, February 11, 2025, at 8:00 AM Eastern Time / 10:00 AM BA Time.
To access the Webinar:
https://zoom.us/webinar/register/WN_348neF8QTg2pCDSzie8_FA
Webinar ID: 951 4144 0099
Password: 620076
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
[email protected]
Follow us on X: @cresudir
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SOURCE Cresud S.A.C.I.F. y A.
