CRESUD S.A.C.I.F. y A. announces its results for the third quarter of Fiscal Year 2026 ended March 31, 2026
Rhea-AI Summary
Cresud (NASDAQ: CRESY) reported results for the nine months ended March 31, 2026. Net income rose to ARS 231,308 million from ARS 77,358 million. Adjusted EBITDA was ARS 202,839 million, down 12.0% year-over-year. Agricultural revenue reached ARS 505,820 million; planted area was 311,000 hectares. The company issued Series LII and LIII notes totaling USD 64.2 million after quarter-end.
Positive
- Net income ARS 231,308m (vs ARS 77,358m prior period)
- Agricultural revenue ARS 505,820m (≈28% increase YoY)
- Planted area 311,000 hectares, 4.2% above prior campaign
- Issued Series LII and LIII notes totaling USD 64.2m
Negative
- Adjusted EBITDA ARS 202,839m, down 12.0% YoY
- BrasilAgro faced adverse weather and tighter crop margins
News Market Reaction – CRESY
In the May 8 session, CRESY declined 0.71%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 10 | Earnings release | Positive | +1.5% | Swing to large net income and higher agricultural revenue despite EBITDA decline. |
| Nov 10 | Earnings release | Positive | +3.2% | Net income turnaround and higher adjusted EBITDA contribution from core segments. |
| May 09 | Earnings release | Positive | +4.2% | Return to profit, EBITDA growth in agribusiness and urban properties, larger planting. |
| Feb 10 | Earnings release | Negative | -5.5% | Significant net loss and lower adjusted EBITDA driven by IRSA fair-value changes. |
| Nov 08 | Earnings release | Negative | -0.1% | Large net loss despite stronger EBITDA and expanded planting program. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases have historically led to price moves generally aligned with the tone of results, with both strong rallies and one notable selloff after weaker figures.
Over the last five earnings releases from Nov 2024 through Feb 2026, Cresud’s results have oscillated between sizable losses and strong profits, often driven by IRSA fair-value changes. Shares reacted positively to profitable periods in May 2025, Nov 2025 and Feb 2026, and negatively to loss-making reports in Feb 2025 and Nov 2024. Today’s Q3 FY2026 announcement continues that narrative of volatile but improving profitability, with another profitable nine‑month period highlighted.
Key Terms
adjusted EBITDA financial
EPS financial
ADS financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
HIGHLIGHTS
- Net income for the nine-month period of FY2026 recorded a gain of
ARS 231,308 million , compared to a gain ofARS 77,358 million in the same period of FY2025, mainly driven by the operating performance of the Urban Properties and Investments business (IRSA). - Adjusted EBITDA for the period reached
ARS 202,839 million ,12.0% below the same period of FY2025. Adjusted EBITDA from the agribusiness segments was a gain ofARS 13,646 million , while the Urban Properties and Investments segment (through IRSA) recorded a gain ofARS 214,587 million . - The 2026 campaign is progressing under generally favorable weather conditions, except in some regions where BrasilAgro operates, amid rising international commodity prices and higher input costs. We planted 311,000 hectares across the region,
4.2% above the previous campaign. Argentina recorded solid grain production results, with record wheat production and strong development of summer crops —soybeans and corn— supporting good yields and production levels. Meanwhile, BrasilAgro faces a more challenging environment, impacted by adverse weather events in certain regions, tighter margins in some crops, and a lower contribution from sugarcane.- Livestock activity continues to benefit from firm cattle prices, supported by international demand and a strong local market, allowing for solid production margins.
- Subsequent to quarter-end, we issued Series LII and LIII notes in the local market for a total amount of
USD 64.2 million , reducing the company's average financing cost.
Financial Highlights
(In millions of Argentine Pesos)
9M FY 2026 ended March 31, 2026
Income Statement | 03/31/2026 | 03/31/2025 Restated |
Agricultural Business Revenue | 505,820 | 395,890 |
Agricultural Business Gross Profit | 94,059 | 71,765 |
Urban Properties Revenues | 373,352 | 357,489 |
Urban Properties Gross Profit | 292,738 | 274,386 |
Consolidated Gross Profit | 383,309 | 343,581 |
Consolidated results from Operations | 211,588 | 10,388 |
Result for the Period | 231,308 | 77,358 |
Attributable to: | ||
Cresud's Shareholders | 121,665 | 30,061 |
Non-Controlling interest | 109,643 | 47,297 |
EPS (Basic) | 189.99 | 49.97 |
EPS (Diluted) | 189.99 | 44.53 |
Balance Sheet | 03/31/2026 | 06/30/2025 |
Current Assets | 1,621,000 | 1,559,439 |
Non-Current Assets | 4,886,496 | 4,805,956 |
Total Assets | 6,507,496 | 6,365,395 |
Current Liabilities | 1,131,838 | 1,253,082 |
Non-Current Liabilities | 2,560,867 | 2,343,172 |
Total Liabilities | 3,692,705 | 3,596,254 |
Non-Controlling Interest | 1,507,749 | 1,555,075 |
Shareholders' Equity | 2,814,791 | 2,769,141 |
The Company's market capitalization as of March 31, 2026, was approximately
Cresud, leading Argentinean agricultural company with a growing presence in Latin American countries, cordially invites you to participate in its third quarter of the FY 2026 Results Conference Call on Friday, May 8, 2026, at 12:30 PM Eastern Time / 01:30 PM BA Time.
To access the Webinar:
https://us02web.zoom.us/webinar/register/WN_WC3YC9wUQFGk8366I7q9rw
Webinar ID: 891 9471 0565
Password: 121281
In addition, you can participate by dialing the following numbers:
US: +1 719 359 4580, +1 929 205 6099, +1 253 205 0468, +1 253 215 8782, +1 301 715 8592
Investor Relations Department.
https://www.cresud.com.ar/home-inversores.php?lng=en
Cresud S.A.C.I.F. y A.
+5411 4323-7449
Follow us on Twitter: @cresudir
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SOURCE CRESUD S.A.C.I.F. y A.