IRSA Inversiones y Representaciones S.A announces its results for the third quarter of Fiscal Year 2026 ended March 31, 2026
Rhea-AI Summary
IRSA (NYSE: IRS) reported Q3 FY2026 results for the nine months ended March 31, 2026. Net income was ARS 239,741 million versus ARS 46,497 million a year earlier. Revenues were ARS 464,366 million and Adjusted EBITDA (rental) was ARS 232,327 million, +4.6% year-over-year. The company reported 100% occupancy in its premium office portfolio and launched a new 15,350 sqm office building at Polo Dot with Mercado Libre as main tenant. Market capitalization was ~USD 1,314 million as of March 31, 2026.
Positive
- Net income ARS 239,741m (9M FY2026) versus ARS 46,497m prior year
- Basic EPS 297.05 ARS versus 59.80 ARS prior year
- New 15,350 sqm office launched at Polo Dot with Mercado Libre as main tenant
- Adjusted EBITDA (rental) ARS 232,327m for 9M FY2026
Negative
- None.
News Market Reaction – IRS
In the May 7 session, IRS declined 2.20%, reflecting a moderate 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 04 | Earnings results | Positive | -2.2% | Sharp earnings improvement and higher rental EBITDA plus a sizable cash dividend. |
| Nov 06 | Earnings results | Positive | -1.1% | Return to net gain driven by fair value property gains and higher rental EBITDA. |
| May 06 | Earnings results | Positive | +1.8% | Turnaround to profit, strong malls performance, Ramblas agreements and note issuance. |
| Feb 07 | Earnings results | Negative | -7.2% | Net loss driven by adverse fair value changes on investment properties. |
| Nov 06 | Earnings results | Negative | +3.4% | Large loss from property revaluations despite portfolio and transaction activity. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases often show strong operational turnarounds, but price reactions have been mixed, with several instances of shares declining on positive results.
Over the past few quarters, IRSA reported large swings driven by fair value changes and improving rental EBITDA. Q1 FY2026 showed a net gain of ARS 163,438 million and higher shopping mall metrics, while Q2 FY2026 delivered net income of ARS 248,817 million and a cash dividend of ARS 173,788 million. Earlier FY2025 results included both sizeable losses tied to property revaluations and a turnaround to a ARS 35,063 million profit. Today’s Q3 FY2026 update extends this earnings narrative with continued rental EBITDA growth and project execution.
Key Terms
adjusted EBITDA financial
EPS financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
HIGHLIGHTS
- Net income for the first nine months of 2026 amounted to
ARS 239,741 million , compared toARS 46,497 million in the same period of the previous year, while Adjusted EBITDA from rental segments reachedARS 232,327 million in the first nine months of 2026, increasing4.6% year-over-year, with solid performance across all three segments: shopping malls, offices, and hotels. - In the Shopping Malls segment, revenues and Adjusted EBITDA increased by
2.4% and2.0% , respectively, during the first nine months of fiscal year 2026, driven by higher base rent and other fixed components. - We maintained
100% occupancy in our premium office portfolio during the third quarter, while the Hotels segment continued to show a recovery in revenue and EBITDA levels. - During the quarter, we launched a new 15,350 sqm GLA office building at Polo Dot (northern area of the
City of Buenos Aires ), which will expand and integrate the Zetta building, with Mercado Libre as the main tenant. We also continued advancing the construction of the Distrito Diagonal shopping mall in La Plata and the Del Plata building in downtownBuenos Aires . - During the quarter, we executed swap agreements for two new lots at Ramblas del Plata for
USD 11.3 million and continued advancing infrastructure works at the plot, while awaiting project definition and the start of construction of the first buildings, expected in the next fiscal year.
Financial Highlights
(In millions of Argentine Pesos)
9M FY 2026
Income Statement | 03/31/2026 | 03/31/2025 |
Revenues | 464,366 | 445,596 |
Consolidated Gross Profit | 290,319 | 272,310 |
Net result from changes in the fair value of investment properties | 30,231 | (188,173) |
Consolidated Result from Operations | 238,531 | (7,238) |
Result for the Period | 239,741 | 46,497 |
Attributable to: | ||
IRSA's Shareholders | 227,537 | 44,314 |
Non-Controlling interest | 12,204 | 2,183 |
EPS (Basic) | 297.05 | 59.80 |
EPS (Diluted) | 283.71 | 54.31 |
Balance Sheet | 03/31/2026 | 06/30/2025 |
Current Assets | 715,873 | 704,028 |
Non-Current Assets | 3,592,389 | 3,501,443 |
Total Assets | 4,308,262 | 4,205,471 |
Current Liabilities | 445,808 | 423,827 |
Non-Current Liabilities | 1,824,205 | 1,690,248 |
Total Liabilities | 2,270,013 | 2,114,075 |
Non-Controlling Interest | 115,884 | 117,786 |
Shareholders' Equity | 2,038,249 | 2,091,396 |
The Company's market capitalization as of March 31, 2026, was approximately
IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA), the
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SOURCE IRSA Inversiones y Representaciones S.A.