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

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%).

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: [phone] or [phone] or [phone] or [phone]

Israel: [phone] or [phone] or [phone]

Brazil: [phone] or [phone] or [phone] or [phone] or [phone]

US: [phone] or [phone] or [phone] or [phone] or [phone]

Chile: [phone] or [phone] or [phone] or [phone] or [phone]

UK: [phone] or [phone] or [phone] or [phone] or [phone]

Investor Relations Department.
https://www.cresud.com.ar/home-inversores.php?lng=en
Cresud S.A.C.I.F. y A.
[phone]
[email protected]
Follow us on X: @cresudir

SOURCE Cresud S.A.C.I.F. y A.