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Cresud S.A.C.I.F. y A. announces its results for the second quarter of Fiscal Year 2025 ended December 31, 2024

1. Cresud reported a loss of ARS 64.4 billion in H1 FY2025. 2. Adjusted EBITDA fell 15.3% to ARS 134.96 billion this period. 3. Government cut export taxes positively impacted crop prices by 5%. 4. Cresud achieved a 9% increase in planted hectares compared to last season. 5. Fiscal year 2025 suffers from historically low commodity prices.

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$11.8402/10 09:18 PM EDTEvent Start
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FAQ

Why Bearish?

The significant loss and declining EBITDA suggest financial struggles, driving investor concern.

How important is it?

The financial report highlights losses and sector challenges, crucial for CRESY investors expecting shorter-term impacts.

Why Short Term?

Immediate financial results and government policy changes could quickly affect stock price.

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IRSABrasilAgro
, /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%). Financial Highlights(In millions of Argentine Pesos)6M FY 2025 ended December 31, 2024 Income Statement 12/31/2024 12/31/2023 Agricultural Business Revenue 238,715 225,523 Agricultural Business Gross Profit 22,726 57,588 Urban Properties Revenues 170,141 183,583 Urban Properties Gross Profit 131,923 151,210 Consolidated Gross Profit 153,481 207,081 Consolidated results from Operations (135,606) 449,429 Profit for the Period (64,391) 266,118 Attributable to: Cresud's Shareholders (61,541) 106,267 Non-Controlling interest (2,850) 159,851 EPS (Basic) (103.27) 179.48 EPS (Diluted) (103.27) 181.95 Balance Sheet 12/31/2024 06/30/2024 Current Assets 860,003 855,684 Non-Current Assets 3,095,323 3,351,393 Total Assets 3,955,326 4,207,077 Current Liabilities 818,215 796,577 Non-Current Liabilities 1,477,235 1,516,093 Total Liabilities 2,295,450 2,312,670 Non-Controlling Interest 920,622 1,051,029 Shareholders' Equity 1,659,876 1,894,407 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=enCresud S.A.C.I.F. y A.+5411 4323-7449[email protected]Follow us on X: @cresudir SOURCE Cresud S.A.C.I.F. y A. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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