CRESUD S.A.C.I.F. y A. announces its results for the first quarter of Fiscal Year 2026 ended September 30, 2025

Rhea-AI Summary

Cresud (NASDAQ: CRESY) reported Q1 FY2026 results for the period ended September 30, 2025. Net income was ARS 110,133 million versus a loss of ARS 77,887 million a year earlier, driven mainly by fair value gains on IRSA investment properties. Adjusted EBITDA totaled ARS 58,764 million, down 39.7% year-over-year; agribusiness contributed ARS 5,648 million and urban properties/IRSA ARS 57,589 million.

The company plans ~321,000 hectares for the 2026 campaign (+7.4% vs 2025) and announced a ARS 93,782 million dividend (ARS 65,080 million cash; ARS 28,702 million in IRSA shares, ~8% yield). Total assets were ARS 5,839,158 million; market cap was ~USD 581.3 million as of September 30, 2025.

Positive

• Net income ARS 110,133 million (Q1 FY2026)
• Agricultural revenue ARS 190,163 million
• Announced dividend ARS 93,782 million (~8% yield)
• Planned planting ~321,000 hectares for 2026 campaign
• Urban properties gross profit ARS 79,966 million

Negative

• Adjusted EBITDA down 39.7% year-over-year
• Adjusted EBITDA agribusiness only ARS 5,648 million
• Non-current liabilities rose to ARS 2,246,474 million
• Consolidated results from operations swung to ARS 264,985 million

Insights

Equity Analyst

Net profit swings to a large ARS gain driven by property revaluation, while core EBITDA fell and a large dividend was approved.

The company reported net income of ARS 110,133 million for the quarter ended 09/30/2025, reversing a prior loss; the release attributes this primarily to a gain from changes in the fair value of IRSA investment properties. At the same time, Adjusted EBITDA declined 39.7% to ARS 58,764 million, with the agribusiness contribution at ARS 5,648 million and urban properties at ARS 57,589 million.

Key dependencies and risks: the large reported net income hinges on valuation gains in IRSA rather than operating cash flow, while adjusted EBITDA contracted year‑over‑year, which signals weaker underlying operating momentum in the period. The company also approved a cash and share dividend of ARS 93,782 million on 10/30/2025, including ARS 65,080 million cash and ARS 28,702 million in IRSA shares (~8% yield), which reduces retained resources.

Concrete items to watch over the next quarters: whether adjusted EBITDA stabilizes or recovers from the 39.7% decline, the repeatability of IRSA fair value gains in future periods, and execution of the planned regional planting of ~321,000 hectares (a 7.4% increase versus the prior campaign). Also note the scheduled results call on 11/12/2025 for management commentary.

BUENOS AIRES, Argentina, November 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 first quarter of FY 2026 ended September 30, 2025.

HIGHLIGHTS

• Net income for the first quarter of fiscal year 2026 reached ARS 110,133 million, compared to a loss of ARS 77,887 million in the same period of 2025. This result was mainly driven by the gain from changes in the fair value of IRSA investment properties.
  
  
• Adjusted EBITDA for the period totaled ARS 58,764 million, 39.7% lower than in the same quarter of 2025. Adjusted EBITDA from the agribusiness segments amounted to ARS 5,648 million, while the urban properties and investments business (through IRSA) contributed ARS 57,589 million.
  
  
• The 2026 regional agricultural campaign continues to progress under favorable weather conditions and slightly improving international commodity prices, although still at historically low levels. We expect to plant approximately 321,000 hectares across the region, representing a 7.4% increase compared to the 2025 campaign.
  
  
• In September 2025, the Argentine government temporarily eliminated export taxes on main crops and beef for the remaining stock of the prior campaign, which boosted prices and improved margins.
  
  
• The livestock business continues to benefit from firm cattle prices, supported by stronger international demand and a solid local market, generating very attractive margins.
  
  
• On October 30, 2025, the Shareholders' Meeting approved a dividend distribution of ARS 93,782 million, consisting of ARS 65,080 million in cash and ARS 28,702 million in IRSA shares (~8% dividend yield).

Financial Highlights
(In millions of Argentine Pesos)
3M FY 2026 ended September 30, 2025
Income Statement	09/30/2025	09/30/2024 Restated
Agricultural Business Revenue	190,163	151,710
Agricultural Business Gross Profit	35,029	11,426
Urban Properties Revenues	103,202	95,517
Urban Properties Gross Profit	79,966	76,216
Consolidated Gross Profit	114,175	86,958
Consolidated results from Operations	264,985	(227,447)
Result for the Period	110,133	(77,887)
Attributable to:
Cresud's Shareholders	36,844	(34,655)
Non-Controlling interest	73,289	(43,232)
EPS (Basic)	60.53	(58.29)
EPS (Diluted)	55.80	(58.29)
Balance Sheet	09/30/2025	06/30/2025
Current Assets	1,420,170	1,321,101
Non-Current Assets	4,418,988	4,071,436
Total Assets	5,839,158	5,392,537
Current Liabilities	1,067,234	1,061,567
Non-Current Liabilities	2,246,474	1,985,053
Total Liabilities	3,313,708	3,046,620
Non-Controlling Interest	1,439,959	1,317,404
Shareholders' Equity	2,525,450	2,345,917

The Company's market capitalization as of September 30, 2025, was approximately USD 581.3 million. (63,184,415 ADS with a price per ADS of USD 9.20)

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 2026 Results Conference Call on Wednesday, November 12, 2025, at 01:00 PM Eastern Time / 03:00 PM BA Time.

To access the Webinar:

https://us02web.zoom.us/webinar/register/WN_RcexurGPT8inRQm0-jLtoQ

Webinar ID: 824 6482 1687

Password: 487191

In addition, you can participate by dialing the following 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

View original content:https://www.prnewswire.com/news-releases/cresud-sacif-y-a-announces-its-results-for-the-first-quarter-of-fiscal-year-2026-ended-september-30-2025-302610735.html

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

FAQ

What was Cresud's net income for Q1 FY2026 (ended September 30, 2025)?

Cresud reported net income of ARS 110,133 million for Q1 FY2026.

How did Cresud's adjusted EBITDA perform in Q1 FY2026 for CRESY?

Adjusted EBITDA was ARS 58,764 million, down 39.7% year-over-year.

What dividend did Cresud (CRESY) approve on October 30, 2025?

Shareholders approved a ARS 93,782 million distribution: ARS 65,080 million cash and ARS 28,702 million in IRSA shares.

How many hectares will Cresud plant in the 2026 campaign?

Cresud expects to plant approximately 321,000 hectares, a 7.4% increase versus 2025.

What was Cresud's market capitalization as of September 30, 2025?

Market capitalization was approximately USD 581.3 million (63,184,415 ADS at USD 9.20).

How much did urban properties contribute to adjusted EBITDA in Q1 FY2026?

Urban properties and investments (via IRSA) contributed ARS 57,589 million to adjusted EBITDA.