CRESUD S.A.C.I.F. y A. announces its results for the second quarter of Fiscal Year 2026 ended December 31, 2025

Cresud (NASDAQ: CRESY) reported results for 6M FY2026 ended Dec 31, 2025, posting net income ARS 193,932 million versus a loss of ARS 28,851 million year-ago, driven mainly by fair value gains on IRSA investment properties.

Rhea-AI Summary

Cresud (NASDAQ: CRESY) reported results for 6M FY2026 ended Dec 31, 2025, posting net income ARS 193,932 million versus a loss of ARS 28,851 million year-ago, driven mainly by fair value gains on IRSA investment properties. Adjusted EBITDA totaled ARS 137,967 million, down 19% YoY; agricultural revenue rose to ARS 362,192 million.

The company planted 316,000 hectares (+5.8%), declared a dividend of ARS 93,782 million (~8% yield), issued local notes totaling USD 117.2 million, and reported market cap ~USD 819.4 million.

Positive

• Net income ARS 193,932 million (6M FY2026)
• Agricultural revenue ARS 362,192 million (+~34% YoY)
• Record wheat harvest in Argentina
• Dividend ARS 93,782 million (~8% yield)
• Planted area 316,000 hectares (+5.8% vs 2025)

Negative

• Adjusted EBITDA declined 19.0% YoY
• Non-current liabilities increased to ARS 2,599,843 million (+~21% vs Jun 30)
• Summer crops facing localized lack-of-rain challenges

Argus Feb 10 session

+1.50% close to close Open Argus

Details

News Market Reaction – CRESY

On Feb 10, the day this news came out, CRESY closed 1.50% above the previous close.

Data tracked by StockTitan Argus for the Feb 10 session.

Market Context

This announcement highlights a sharp swing to net income of ARS 193,932 million for the first half o...

Analysis

This announcement highlights a sharp swing to net income of ARS 193,932 million for the first half of FY 2026, driven largely by IRSA investment property revaluations, alongside a 19.0% decline in adjusted EBITDA. Agricultural and urban revenues increased, planted area expanded to 316,000 hectares, and a sizeable ARS 93,782 million dividend was recently paid. Investors may focus on EBITDA trends, capital structure, and weather and commodity price conditions in upcoming campaigns.

Key Figures

Net income 6M FY2026: ARS 193,932 million Adjusted EBITDA 6M FY2026: ARS 137,967 million Agricultural revenue: ARS 362,192 million +5 more

Net income 6M FY2026

ARS 193,932 million

First half FY 2026 vs loss in same period 2025

Adjusted EBITDA 6M FY2026

ARS 137,967 million

First half FY 2026, 19.0% lower year-over-year

Agricultural revenue

ARS 362,192 million

6M FY 2026 vs ARS 269,767 million prior year

Urban properties gross profit

ARS 182,884 million

6M FY 2026 vs ARS 173,544 million prior year

Dividend distributed

ARS 93,782 million

Paid Nov 7, 2025; ~8% dividend yield

Notes issued

USD 117.2 million

Series L and LI Notes in local market during and after quarter

Market capitalization

USD 819.4 million

As of December 31, 2025

Planted area

316,000 hectares

2026 regional agricultural campaign, 5.8% above 2025 campaign

Previous Earnings Reports

5 past events · Latest: Nov 10

Same Type 5 events

1. Nov 10

   Q1 FY2026 earnings

   24h Move

   +0.8%

   Swing to large net income despite lower adjusted EBITDA year-over-year.

2. May 09

   Q3 FY2025 earnings

   24h Move

   +4.2%

   Nine-month profit and strong adjusted EBITDA across agri and urban segments.

3. Feb 10

   Q2 FY2025 earnings

   24h Move

   -5.5%

   Net loss and weaker adjusted EBITDA driven by IRSA fair value changes.

4. Nov 08

   Q1 FY2025 earnings

   24h Move

   -0.1%

   Net loss but sharply higher adjusted EBITDA and planned acreage expansion.

5. Sep 05

   FY2024 results

   24h Move

   +2.4%

   Full-year net gain, higher adjusted EBITDA, and strong asset sale activity.

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

Key Terms

adjusted EBITDA, dividend yield, market capitalization, ADS

4 terms

adjusted EBITDA financial

"Adjusted EBITDA for the period totaled ARS 137,967 million, 19.0% lower..."

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.

dividend yield financial

"IRSA shares (~8% dividend yield). Financial Highlights (In millions..."

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

market capitalization financial

"The Company's market capitalization as of December 31, 2025, was..."

Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.

View in glossary

ADS financial

"(64,874,243 ADS with a price per ADS of USD 12.63)"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BUENOS AIRES, Argentina, Feb. 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 second quarter of FY 2026 ended December 31, 2025.

HIGHLIGHTS

• Net income for the first half of fiscal year 2026 reached ARS 193,932 million, compared to a loss of ARS 28,851 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 137,967 million, 19.0% lower than in the same period of 2025. Adjusted EBITDA from the agribusiness segments amounted to ARS 15,350 million, while the urban properties and investments business (through IRSA) contributed ARS 132,333 million.
• The 2026 regional agricultural campaign is progressing with good weather conditions and stable international commodity prices, although still at historically low levels. We planted 316,000 hectares in the region, 5.8% more than 2025 campaign.
• In Argentina, we achieved a record wheat harvest, while summer crops are developing under some weather-related challenges—mainly lack of rains in certain areas—although with signs of improvement in recent weeks.
• The livestock business continues to benefit from firm prices and strong margins, driven by stronger international demand and a domestic market aligned with this trend.
• During the quarter and subsequently, we issued Series L and Series LI Notes in the local market for a total amount of USD 117.2 million.
• On November 7, 2025, we distributed a dividend 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)
6M FY 2026 ended December 31, 2025

Income Statement	12/31/2025	12/21/2024 Restated
Agricultural Business Revenue	362,192	269,767
Agricultural Business Gross Profit	61,254	29,949
Urban Properties Revenues	234,536	223,819
Urban Properties Gross Profit	182,884	173,544
Consolidated Gross Profit	242,435	201,901
Consolidated results from Operations	306,696	(178,388)
Result for the Period	193,932	(28,851)
Attributable to:
Cresud's Shareholders	74,448	(25,103)
Non-Controlling interest	119,484	(3,748)
EPS (Basic)	119.00	(41.76)
EPS (Diluted)	110.18	(41.76)
Balance Sheet	12/31/2025	06/30/2025
Current Assets	1,568,619	1,424,897
Non-Current Assets	4,732,610	4,391,316
Total Assets	6,319,229	5,816,213
Current Liabilities	1,112,451	1,144,974
Non-Current Liabilities	2,599,843	2,141,011
Total Liabilities	3,712,294	3,285,985
Non-Controlling Interest	1,503,300	1,420,908
Shareholders' Equity	2,606,935	2,530,228

The Company's market capitalization as of December 31, 2025, was approximately USD 819.4 million. (64,874,243 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 2026 Results Conference Call on Tuesday, February 10, 2026, at 04:00 PM Eastern Time / 06:00 PM BA Time.

To access the Webinar:

https://us02web.zoom.us/webinar/register/WN__KWGdjfyTW-MBjAFmDPfEQ

Webinar ID: 859 0167 8018

Password: 015129

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-second-quarter-of-fiscal-year-2026-ended-december-31-2025-302683830.html

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

FAQ

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

What drove Cresud's ARS 193,932 million net income in 6M FY2026 (CRESY)?

The net income was primarily driven by fair value gains on IRSA investment properties. According to the company, those valuation gains materially improved consolidated results and offset operating performance headwinds in the period.

How did Cresud's Adjusted EBITDA and segment contributions look for 6M FY2026 for CRESY?

Adjusted EBITDA for the period was ARS 137,967 million, down 19% year-over-year. According to the company, agribusiness contributed ARS 15,350 million while urban properties and IRSA investments contributed ARS 132,333 million.

What dividend did Cresud declare and when was it distributed for CRESY shareholders?

Cresud distributed a total dividend of ARS 93,782 million on November 7, 2025, including cash and IRSA shares. According to the company, the distribution comprised ARS 65,080 million cash and ARS 28,702 million in IRSA shares, ~8% yield.

How is Cresud's agricultural campaign progressing and what acreage was planted for FY2026 (CRESY)?

The company planted 316,000 hectares, a 5.8% increase versus the 2025 campaign. According to the company, weather conditions were generally good but some summer crops faced localized dryness with recent signs of improvement.

Did Cresud raise financing during the quarter and what was the market capitalization at Dec 31, 2025 for CRESY?

Cresud issued Series L and Series LI local market notes totaling USD 117.2 million during the quarter. According to the company, market capitalization was approximately USD 819.4 million as of December 31, 2025.