IRSA Inversiones y Representaciones S.A announces its results for the Fiscal Year 2026 ended June 30, 2026

IRSA’s FY 2026 results show strong net income growth alongside continued expansion of its Argentine real estate portfolio.

Rhea-AI Summary

IRSA Inversiones y Representaciones (IRS) reported Fiscal Year 2026 net income of ARS 420,977 million for the year ended June 30, 2026.

Revenues reached ARS 657,599 million, versus ARS 625,706 million in 2025. Consolidated gross profit was ARS 399,414 million and consolidated result from operations rose to ARS 445,357 million. Result attributable to shareholders was ARS 393,510 million, with basic and diluted EPS of ARS 505.15. Adjusted EBITDA from rental segments totaled ARS 317,725 million, up 1.4% year over year.

The shopping mall portfolio expanded to 18 assets and more than 410,000 sqm of GLA after acquiring Al Oeste and Los Gallegos Shopping. The premium office portfolio maintained 100% occupancy, and a new 15,350 sqm GLA office building at Polo Dot was launched with Mercado Libre as main tenant. During FY 2026, IRSA issued notes totaling USD 230 million, distributed cash dividends with an estimated 10% yield, and completed its 2021 warrant program. Market capitalization as of June 30, 2026, was about USD 1,306 million.

Positive

• Net income ARS 420,977 million vs. ARS 261,911 million in 2025
• Revenues ARS 657,599 million vs. ARS 625,706 million in 2025
• Result from operations ARS 445,357 million vs. ARS 230,525 million in 2025
• Shareholders’ equity ARS 2,420,410 million vs. ARS 2,232,874 million in 2025
• Rental segments Adjusted EBITDA ARS 317,725 million, up 1.4% YoY
• Cash dividends distributed with approximately 10% dividend yield

Negative

• None.

News Explained

The release adds a year-end balance-sheet snapshot and reports further land-swap commercialization at Ramblas del Plata.

IRSA reported its completed fiscal-year 2026 results for the year ended June 30, 2026; its year-end balance sheet showed ARS 4,854,653 million of assets, ARS 2,434,243 million of liabilities, and ARS 2,420,410 million of shareholders’ equity.

For Ramblas del Plata, the company reported five new land-swap agreements during the year and two more after year-end, bringing the project’s total lots commercialized to date.

Market Context

The prior earnings event on May 06 combined stronger results with a -2.2% 24-hour reaction. That his...

Analysis

The prior earnings event on May 06 combined stronger results with a -2.2% 24-hour reaction. That history adds a valuation-response comparison, while low short positioning and recent insider selling remain relevant risks to monitor.

Key Figures

Net income: ARS 420,977 million Adjusted EBITDA: ARS 317,725 million Revenues: ARS 657,599 million +5 more

8 metrics

Net income ARS 420,977 million FY 2026 vs. ARS 261,911 million in FY 2025

Adjusted EBITDA ARS 317,725 million Rental segments, FY 2026; increased 1.4% YoY

Revenues ARS 657,599 million FY 2026 vs. ARS 625,706 million in FY 2025

Shopping mall assets 18 assets Portfolio at FY 2026 year-end

Shopping mall GLA More than 410,000 sqm Portfolio at FY 2026 year-end

Premium office occupancy 100% FY 2026

New office building GLA 15,350 sqm Polo Dot development

Notes issued USD 230 million FY 2026

Historical Context

1 past event · Latest: May 06 (Positive)

Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
May 06	earnings results	Positive	-2.2%	Net income rose while the stock declined 2.2% over 24 hours.

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

Pattern Detected

The prior earnings release reported stronger results but was followed by a -2.2% 24-hour price reaction, showing divergence between reported fundamentals and immediate trading.

Key Terms

adjusted ebitda, eps

2 terms

adjusted ebitda financial

"Adjusted EBITDA from the rental segments reached ARS 317,725 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.

eps financial

"EPS (Basic) | 505.15 | 348.94"

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.

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

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BUENOS AIRES, Argentina, Sept. 4, 2026 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the Fiscal Year 2026 ended June 30, 2026.

HIGHLIGHTS

• Net income for fiscal year 2026 amounted to ARS 420,977 million, compared to ARS 261,911 million in 2025, while Adjusted EBITDA from the rental segments reached ARS 317,725 million, increasing 1.4% YoY, driven by improved results across the Offices and Hotels segments.
  
  
• The Shopping Malls segment maintained a solid operating performance during the year, with revenues and Adjusted EBITDA broadly in line with inflation.
  
  
• During the year, we continued expanding our Shopping Mall portfolio, which reached 18 assets and more than 410,000 sqm of GLA, following the acquisitions of Al Oeste and Los Gallegos Shopping. We also made progress on the transformation of Al Oeste into Oeste Outlet and on the construction of Distrito Diagonal in La Plata, both expected to open during the next fiscal year.
  
  
• Our Premium Office portfolio maintained 100% occupancy, and during the year we launched the development of a new 15,350 sqm GLA office building at Polo Dot, which will expand and integrate with the Zetta building, with Mercado Libre as its main tenant.
  
  
• During the year, we continued making progress on the development of Ramblas del Plata, our largest mixed-use project, both on the site's infrastructure works and its commercialization. We executed five new land swap agreements during the year and two additional agreements after year-end, bringing the total number of lots commercialized in the project to 20 to date.
  
  
• On the financial front, during the year we issued Notes totaling USD 230 million, distributed cash dividends representing a dividend yield of approximately 10% and completed the warrant program issued in 2021.

Financial Highlights
(In millions of Argentine Pesos)
FY 2026

Income Statement	06/30/2026	06/30/2025
Revenues	657,599	625,706
Consolidated Gross Profit	399,414	380,331
Net result from changes in the fair value of investment properties	193,797	(3,338)
Consolidated Result from Operations	445,357	230,525
Result for the Period	420,977	261,911
Attributable to:
IRSA's Shareholders	393,510	260,661
Non-Controlling interest	27,467	1,250
EPS (Basic)	505.15	348.94
EPS (Diluted)	505.15	319.05
Balance Sheet	06/30/2026	06/30/2025
Current Assets	797,719	751,656
Non-Current Assets	4,056,934	3,738,312
Total Assets	4,854,653	4,489,968
Current Liabilities	455,469	452,502
Non-Current Liabilities	1,978,774	1,804,592
Total Liabilities	2,434,243	2,257,094
Non-Controlling Interest	140,656	125,752
Shareholders' Equity	2,420,410	2,232,874

The Company's market capitalization as of June 30, 2026, was approximately USD 1,306 million. (84,611,592 GDS with a price per GDS of USD 15.44).

IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA), Argentina's largest, most diversified real estate company, cordially invites you to participate in its FY 2026 Results Conference Call on Tuesday, September 8, 2026, at 09:00 AM US Eastern Time / 10:00 AM BA Time.

To access the Webinar:

https://us02web.zoom.us/webinar/register/WN_wQ3xS9CxToW8LiOz-p1K5Q

Webinar ID: 859 8525 9414

Password: 083116

In addition, you can also participate by dialing the following numbers:

Argentina: +54 112 040 0447, +54 115 983 6950, +54 341 512 2188, +54 343 414 5986

Israel: +972 3 978 6688, +972 2 376 4509, +972 2 376 4510

Brazil: +55 11 4632 2237, +55 11 4680 6788, +55 11 4700 9668, +55 21 3958 7888, +55 11 4632 2236

United States of America: +1 564 217 2000, +1 646 931 3860, +1 669 444 9171, +1 669 900 6833, +1 689 278 1000

Chile:  +56 22 573 9305, +56 23 210 9066, +56 232 938 848, +56 41 256 0288, +56 22 573 9304

Investor Relations Department. 
+ 5411 4323-7449   
ir@irsa.com.ar  
https://www.irsa.com.ar/en/investors/  
Follow us on X @irsair

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SOURCE IRSA Inversiones y Representaciones S.A.

FAQ

What were IRSA (IRS) net income and earnings per share for Fiscal Year 2026?

For Fiscal Year 2026, IRSA reported net income of ARS 420,977 million, up from ARS 261,911 million in 2025. Result attributable to shareholders was ARS 393,510 million, with basic and diluted earnings per share of ARS 505.15.

How did IRSA (IRS) revenues and operating results change in FY 2026?

Revenues in FY 2026 were ARS 657,599 million compared with ARS 625,706 million in 2025. Consolidated result from operations increased to ARS 445,357 million, up from ARS 230,525 million, supported by higher gross profit and positive fair value changes in investment properties.

What was IRSA (IRS) Adjusted EBITDA from rental segments in FY 2026?

Adjusted EBITDA from IRSA’s rental segments reached ARS 317,725 million in Fiscal Year 2026, representing a 1.4% year-over-year increase. The company links this growth mainly to improved performance in the Offices and Hotels segments.

How large is IRSA (IRS) shopping mall portfolio after FY 2026 acquisitions?

After acquiring Al Oeste and Los Gallegos Shopping, IRSA’s shopping mall portfolio reached 18 assets and more than 410,000 sqm of GLA. The company also advanced the transformation of Al Oeste into Oeste Outlet and the construction of Distrito Diagonal in La Plata.

What occupancy and new office developments did IRSA (IRS) report for FY 2026?

IRSA’s premium office portfolio maintained 100% occupancy during FY 2026. The company also launched a new 15,350 sqm GLA office building at Polo Dot, designed to expand and integrate with the Zetta building, with Mercado Libre as the main tenant.

What financing and shareholder return actions did IRSA (IRS) take in FY 2026?

During FY 2026, IRSA issued notes totaling USD 230 million, distributed cash dividends that represented an estimated 10% dividend yield, and completed the warrant program that had been issued in 2021, enhancing its capital markets activity and shareholder returns.

What is IRSA (IRS) market capitalization as of June 30, 2026?

As of June 30, 2026, IRSA’s market capitalization was approximately USD 1,306 million, based on 84,611,592 GDS outstanding and a price per GDS of USD 15.44.