IRSA Inversiones y Representaciones S.A announces today its results for the Fiscal Year 2025 ended June 30, 2025
Rhea-AI Summary
IRSA Inversiones y Representaciones (NYSE:IRS), Argentina's leading real estate company, reported strong financial results for FY 2025. The company achieved a net income of ARS 196,118 million, compared to a loss of ARS 32,141 million in FY 2024. Revenues increased by 2.3% year-over-year.
The company's Shopping Malls segment showed robust performance with 8% revenue growth and 98% occupancy. Notable developments include the acquisition of Terrazas de Mayo shopping center and the initiation of a new open-air mall construction in La Plata. The office portfolio maintained strong occupancy in Class A+ and A buildings, while the company completed a sale at 261 Della Paolera building.
IRSA also made significant progress in its Ramblas del Plata project, securing 13 transactions worth USD 81 million for 111,000 saleable sqm. The company successfully returned to international capital markets with a USD 300 million 10-year note issuance.
Positive
- Net income turned positive to ARS 196,118 million from previous year's loss
- Shopping Malls segment revenue and EBITDA grew 8% and 10% respectively
- Shopping Malls maintained high occupancy rate of 98%
- Class A+ and A office buildings reached almost full occupancy
- Successful return to international markets with USD 300 million note issuance
- Strategic acquisitions including Terrazas de Mayo shopping center
- Secured 13 transactions worth USD 81 million for Ramblas del Plata project
Negative
- Tenant sales declined by 2.8% during the fiscal year
- Office portfolio reduced to 58,000 sqm of GLA after building sale
- Consolidated Gross Profit decreased from ARS 305,755M to ARS 284,790M
- Rental Adjusted EBITDA decreased 2% compared to fiscal year 2024
News Market Reaction 1 Alert
On the day this news was published, IRS declined 3.88%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HIGHLIGHTS
- Net income for fiscal year 2025 amounted to ARS 196,118 million, compared to a loss of
ARS 32,141 million in the previous year. - Revenues increased by
2.3% during fiscal year 2025 compared to 2024, and Rental Adjusted EBITDA reached ARS 234,697 million:ARS 210,741 million from Shopping Malls,ARS 15,584 million from Offices, andARS 8,372 million from Hotels, decreasing2% compared to fiscal year 2024. - Revenues and Adjusted EBITDA of Shopping Malls' Segment grew
8% and10% , respectively in FY 2025 compared to the previous year, while portfolio occupancy remained close to98% . Tenant sales, after a first half marked by weak consumption, strongly recovered in the second half of the year, closing the fiscal year with a slight decline of2.8% . - During the year, we acquired Terrazas de Mayo shopping center and an adjoining property to Alto Avellaneda with future expansion potential. In addition, we started construction of a new open-air shopping mall in La Plata, one of the most populous cities in the country, which until now had no large-scale mall.
- In Offices, the sector showed a greater return to on-site work, boosting demand for premium spaces. Our Class A+ and A buildings reached almost full occupancy. We completed a new sale at the 261 Della Paolera building, reducing the portfolio to 58,000 sqm of GLA.
- During the year, we started infrastructure works and progressed in the commercialization of Stage I of our flagship project: Ramblas del Plata. We signed 13 transactions (2 cash sales and 11 swap agreements), totaling approximately 111,000 saleable sqm for an estimated value of
USD 81 million . - In financial matters, we returned to the international capital markets after nearly a decade with the issuance of Series XXIV Notes for
USD 300 million , 10 years term.
Financial Highlights | ||
(In millions of Argentine Pesos) | ||
FY 2025 | ||
Income Statement | 06/30/2025 | 06/30/2024 |
Revenues | 468,526 | 458,059 |
Consolidated Gross Profit | 284,790 | 305,755 |
Net result from changes in the fair value of investment properties | (2,500) | (488,794) |
Consolidated Result from Operations | 172,615 | (265,867) |
Result for the Period | 196,118 | (32,141) |
Attributable to: | ||
IRSA's Shareholders | 195,182 | (25,621) |
Non-Controlling interest | 936 | (6,520) |
EPS (Basic) | 261.29 | (34.53) |
EPS (Diluted) | 238.90 | (34.53) |
Balance Sheet | 06/30/2025 | 06/30/2024 |
Current Assets | 562,836 | 317,494 |
Non-Current Assets | 2,799,233 | 2,807,977 |
Total Assets | 3,362,069 | 3,125,471 |
Current Liabilities | 338,831 | 383,285 |
Non-Current Liabilities | 1,351,271 | 1,135,457 |
Total Liabilities | 1,690,102 | 1,518,742 |
Non-Controlling Interest | 94,163 | 102,883 |
Shareholders' Equity | 1,671,967 | 1,606,729 |
IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA), the
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SOURCE IRSA Inversiones y Representaciones S.A.
FAQ
What were IRSA's (NYSE:IRS) key financial results for FY 2025?
How did IRSA's Shopping Malls segment perform in FY 2025?
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How did IRSA's office portfolio perform in FY 2025?
