CRESUD S.A.C.I.F. y A. announces its results for the first quarter of Fiscal Year 2027 ended September 30, 2026

Profit attributable to Cresud shareholders fell to ARS 2,655 million from ARS 49,133 million in the prior-year quarter.

Rhea-AI Summary

Cresud (CRESY) reported net income of ARS 26,331 million for its fiscal first quarter ended September 30, 2026, below the prior-year quarter.

Net income compared with ARS 146,866 million a year earlier, mainly reflecting investment-property fair-value losses at IRSA. Adjusted EBITDA, an adjusted earnings measure, rose 66.4% to ARS 130,401 million. Agricultural revenue fell to ARS 236,431 million, while urban properties revenue increased to ARS 144,951 million.

Cresud expects to plant approximately 324,000 hectares in the 2027 regional campaign, up 3.3%. BrasilAgro completed a farm-portion sale for a nominal BRL 96.4 million. On October 22, 2026, shareholders approved a ARS 116,000 million dividend, comprising ARS 81,200 million in cash and ARS 34,800 million in IRSA shares. Cattle margins tightened despite relatively stable prices.

8 points · 0 major

MixediHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 8 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointAdjusted EBITDA rose 66.4% year over year to ARS 130,401 million in fiscal Q1 2027.
• Moderate pointAgricultural gross profit increased to ARS 58,581 million from ARS 46,713 million a year earlier.
• Moderate pointARS 116,000 million dividend approved October 22, 2026: ARS 81,200 million cash and ARS 34,800 million IRSA shares.
• Minor pointUrban properties revenue increased to ARS 144,951 million from ARS 137,626 million a year earlier.
• Minor pointUrban properties gross profit increased to ARS 112,074 million from ARS 106,644 million a year earlier.

3 minor points

• Minor pointBrasilAgro completed a nominal BRL 96.4 million sale of 2,593 Rio do Meio hectares, including 1,753 productive hectares.
• Minor point. Forward-looking: it has not happened yet and may not happen.Approximately 324,000 hectares expected planted in the 2027 regional campaign, 3.3% above 2026.
• Minor pointTotal liabilities declined to ARS 4,155,308 million at September 30, 2026, from ARS 4,327,987 million at June 30.

Negative

• Moderate pointNet income fell to ARS 26,331 million from ARS 146,866 million year over year, mainly reflecting IRSA property fair-value losses.
• Moderate pointAgricultural revenue fell to ARS 236,431 million from ARS 253,591 million in the prior-year quarter.
• Moderate pointCattle margins tightened during the quarter despite relatively stable cattle prices.
• Minor pointShareholder-attributable profit declined to ARS 2,655 million from ARS 49,133 million in the prior-year quarter.
• Minor pointBasic and diluted EPS fell to 3.75 from 80.73 and 74.42, respectively, a year earlier.

3 minor points

• Minor pointOperating results declined to ARS 42,550 million from ARS 353,371 million in the prior-year quarter.
• Minor pointTotal assets declined to ARS 7,460,619 million at September 30, 2026, from ARS 7,665,939 million at June 30.
• Minor pointShareholders' equity declined to ARS 3,305,311 million at September 30, 2026, from ARS 3,337,952 million at June 30.

News Explained

For the quarter, profit attributable to Cresud shareholders was ARS 2,655 million, versus ARS 49,133 million a year earlier; the total-group result of ARS 26,331 million includes ARS 23,676 million attributed to non-controlling interests.

Key Figures

Net income: ARS 26,331 million Adjusted EBITDA: ARS 130,401 million; 66.4% higher Agricultural business adjusted EBITDA: ARS 49,194 million +4 more

Net income

ARS 26,331 million

Q1 FY2027, compared with ARS 146,866 million in Q1 FY2026

Adjusted EBITDA

ARS 130,401 million; 66.4% higher

Q1 FY2027 versus the same period of 2026

Agricultural business adjusted EBITDA

ARS 49,194 million

Q1 FY2027

Urban properties and investments adjusted EBITDA

ARS 84,016 million

Q1 FY2027; through IRSA

Planned planted area

Approximately 324,000 hectares; 3.3% more

2027 regional agricultural campaign versus 2026

Farm portion sale

BRL 96.4 million for 2,593 hectares, including 1,753 productive hectares

BrasilAgro sale of the Rio do Meio farm portion

Dividend distribution

ARS 116,000 million: ARS 81,200 million cash and ARS 34,800 million in IRSA shares

Approved October 22, 2026; approximately 9% dividend yield

Previous Earnings Reports

1 past event · Latest: Nov 10

Same Type 1 event

1. Nov 10

   Q1 earnings report

   24h Move

   +3.2%

   Q1 FY2026 net income was ARS 110,133 million; adjusted EBITDA fell 39.7% year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

adjusted ebitda, fair value, dividend yield, eps

4 terms

adjusted ebitda financial

"Adjusted EBITDA for the period reached ARS 130,401 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

fair value financial

"losses from changes in the fair value of investment properties"

Fair value is an estimate of what an asset or company is really worth today, derived from expected future earnings, comparable market prices and other relevant facts—like agreeing a price for a used car after checking mileage, condition and similar listings. Investors use fair value to decide whether a stock looks overpriced or undervalued, which helps guide buy, hold or sell decisions and sets expectations for potential returns and risk.

View in glossary

dividend yield financial

"ARS 34,800 million in IRSA shares (~9% dividend yield)"

Dividend yield is the annual cash dividend a company pays divided by its current share price, shown as a percentage. It tells investors how much income they would receive for each dollar invested—similar to the interest rate on a savings account—helping compare income potential across stocks and flagging when a payout looks unusually high or low relative to the share price.

View in glossary

eps financial

"EPS (Basic) | 3.75 | 80.73"

Earnings per share (EPS) measures how much profit a company makes for each outstanding share of its stock by dividing the company’s profit after expenses by the number of shares. It matters to investors because it shows how much of the company’s “pie” each share represents—higher EPS usually signals greater profitability per share, helps compare companies of different sizes, and influences stock valuations and investor decisions.

View in glossary

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BUENOS AIRES, Argentina, Nov. 10, 2026 /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 2027 ended September 30, 2026.

HIGHLIGHTS

• Net income for the first quarter of fiscal year 2027 amounted to ARS 26,331 million, compared to a profit of ARS 146,866 million in the same quarter of 2026. This lower result was mainly explained by losses from changes in the fair value of investment properties in the urban real estate business (IRSA).
  
  
• Adjusted EBITDA for the period reached ARS 130,401 million, 66.4% higher than in the same period of 2026. Adjusted EBITDA from the agricultural business segments amounted to ARS 49,194 million, while the urban properties and investments business (through IRSA) contributed ARS 84,016 million.
  
  
• The 2027 regional agricultural campaign is beginning with an increase in planted area and favorable production prospects, amid weather conditions associated with the El Niño phenomenon. We expect to plant approximately 324,000 hectares across the region, 3.3% more than in the 2026 campaign.
  
  
• Our subsidiary BrasilAgro completed the sale of a 2,593-hectare portion (1,753 productive hectares) of the "Rio do Meio" farm for a nominal amount of BRL 96.4 million.
  
  
• The cattle business recorded relatively stable cattle prices during the quarter, with tighter margins.
  
  
• On October 22, 2026, the Shareholders' Meeting approved a dividend distribution of ARS 116,000 million, consisting of ARS 81,200 million in cash and ARS 34,800 million in IRSA shares (~9% dividend yield).

 

Financial Highlights (In millions of Argentine Pesos) 3M FY 2027 ended September 30, 2026
Income Statement	09/30/2026	09/30/2025
Agricultural Business Revenue	236,431	253,591
Agricultural Business Gross Profit	58,581	46,713
Urban Properties Revenues	144,951	137,626
Urban Properties Gross Profit	112,074	106,644
Consolidated Gross Profit	168,792	152,257
Consolidated results from Operations	42,550	353,371
Result for the Period	26,331	146,866
Attributable to:
Cresud's Shareholders	2,655	49,133
Non-Controlling interest	23,676	97,733
EPS (Basic)	3.75	80.73
EPS (Diluted)	3.75	74.42
Balance Sheet	09/30/2026	06/30/2026
Current Assets	1,795,428	1,930,109
Non-Current Assets	5,665,191	5,735,830
Total Assets	7,460,619	7,665,939
Current Liabilities	1,222,830	1,317,523
Non-Current Liabilities	2,932,478	3,010,464
Total Liabilities	4,155,308	4,327,987
Non-Controlling Interest	1,780,775	1,798,409
Shareholders' Equity	3,305,311	3,337,952

The Company's market capitalization as of September 30, 2026, was approximately USD 736.6 million. (70,930,830 ADS with a price per ADS of USD 10.38)

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 2027 Results Conference Call on Friday, November 13, 2026, at 10:00 AM Eastern Time / 12:00 PM BA Time.

To access the Webinar:

https://us02web.zoom.us/webinar/register/WN_ea7JuatJSnaLlMuDlzHXww

Webinar ID: 810 9624 9792

Password: 993551

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

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Cresud's CRESY fiscal Q1 2027 earnings results?

Cresud reported ARS 26,331 million net income for the quarter ended September 30, 2026, compared with ARS 146,866 million a year earlier. Adjusted EBITDA rose 66.4% to ARS 130,401 million. The lower net income mainly reflected losses from changes in investment-property fair values in the IRSA urban real estate business.

What dividend did Cresud shareholders approve on October 22, 2026?

Shareholders approved a ARS 116,000 million dividend distribution, consisting of ARS 81,200 million in cash and ARS 34,800 million in IRSA shares. The distribution represented an approximately 9% dividend yield.