Cresud S A C I F Y A SEC Filings

Cresud Sociedad Anónima reported a strong turnaround for the three-month period ended September 30, 2025. Revenue rose to 318,529 from 269,701, mainly from both its agricultural operations and its urban properties and investment business.

Profit from operations reached 264,985, driven largely by a 217,265 net gain from fair value adjustments on investment properties, compared with a large loss from these assets a year earlier. After net financial losses of 69,482 and income tax of 80,707, profit for the period was 110,133, versus a loss of 77,887 in 2024. Cash generated from operating activities increased to 151,967, while total assets grew to 5,839,158 and total shareholders’ equity to 2,525,450. The company also restated prior-period figures to correct an inflation adjustment error related to warrant exercises, in line with IAS 8.

Cresud reported a sharp turnaround for the first quarter of fiscal 2026, posting net income of ARS 110,133 million versus a loss of ARS 77,887 million a year ago, mainly due to gains from changes in the fair value of IRSA investment properties. Adjusted EBITDA was ARS 58,764 million, down 39.7% year over year, with ARS 5,648 million from agribusiness and ARS 57,589 million from the urban properties and investments business through IRSA.

The Board approved a dividend of ARS 93,782 million, split into ARS 65,080 million in cash and ARS 28,702 million in IRSA shares (~8% yield). The company plans to plant approximately 321,000 hectares, up 7.4% from the prior campaign, amid favorable weather and a temporary elimination of export taxes that supported prices and margins. As of September 30, 2025, market capitalization was about USD 581.3 million (63,184,415 ADS at USD 9.2). Shares outstanding were 626,501,002, with 60,669,566 warrants outstanding expiring on March 10, 2026.

Cresud S.A.C.I.F. y A. announced the second interest payment on its Series XLVII Fixed Rate Notes due 2028. Payment will begin on November 17, 2025 to holders of record on November 14, 2025. The notes carry an annual nominal interest rate of 7.00% on USD 64,417,023 principal, with this installment totaling USD 2,273,126.73 for the period May 15, 2025 to November 15, 2025. Caja de Valores S.A. is the payment agent, and the payment covers interest only.

Cresud reported anti-dilution adjustments to its outstanding warrants following a cash and in-kind dividend and distribution of own shares on November 7, 2025. Each warrant now entitles the holder to receive 1.5417 common shares, up from 1.4075. The warrant exercise price per new share is now USD 0.3669, reduced from USD 0.4019. The company stated that all other terms and conditions of the warrants remain unchanged.

Cresud reported the outcomes of its Oct 30, 2025 shareholders’ meeting. For the year ended June 30, 2025, shareholders approved financial statements and a dividend drawn from restated earnings and retained results. The total dividend was set at ARS 93,781,917,808.30, split between a cash dividend of ARS 65,079,917,808.30 and an in‑kind dividend of 12,700,000 IRSA ordinary shares, valued at ARS 2,260.00 per share as of Oct 29, 2025.

Resolutions also allocated ARS 5,038,189,403.32 to the legal reserve and ARS 1,943,680,854.86 to a special reserve. Shareholders approved an addendum to the 2021 warrant agreement to add a cashless exercise alternative (except for par value payment). The meeting authorized distributing 5,300,000 treasury shares to shareholders pro rata, approved director and supervisory committee compensation, renewed board mandates, appointed external auditors for FY ending June 30, 2026, and approved absorbing ARS 3,051,853,027.66 paid as substitute taxpayer for shareholders.

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria will distribute 5,300,000 previously acquired treasury shares to its shareholders, beginning November 7, 2025, following approvals on October 30, 2025.

Holders will receive 0.0084595617664 Cresud shares per common share and 0.084595617664 per ADS. The distribution equals 0.84595617664% of the share capital represented by 626,509,995 shares of par value ARS 1, net of treasury shares. Only shareholders of record as of November 4, 2025 are eligible. Fractions will be settled in cash under Bolsas y Mercados Argentinos S.A. rules.

ADS holders will receive the shares through The Bank of New York Mellon in accordance with applicable regulations in the listing jurisdiction. Local processing will occur via Caja de Valores S.A. in Buenos Aires during published business hours.

Cresud declared a dividend consisting of cash and an in‑kind distribution of IRSA shares, following approvals on October 30, 2025. The total cash dividend is ARS 65,079,917,808.30 and the in‑kind portion totals 12,700,000 IRSA shares valued at ARS 2,260.00 each as of October 29, 2025. Shareholders of record on November 4, 2025 will have funds and shares made available from November 7, 2025, or later where local rules require.

The cash dividend equals ARS 103.8769027273 per Cresud common share (par ARS 1) and ARS 1,038.769027273 per ADS, equivalent to 10.38769027273% of share capital entitled to dividends, based on 626,509,995 shares outstanding. The in‑kind distribution is 0.020271025365 IRSA shares per Cresud share and 0.20271025365 per ADS, equivalent to 4.5812517324644%. Fractions will be settled in cash. A 7% withholding tax applies to both components and will be deducted from the cash dividend.

Cresud S.A.C.I.F. y A. reported that shareholders approved a dividend distribution of up to ARS 88,500,000,000, restated to ARS 93,781,917,808.30, to be paid in kind and in cash according to each holder’s stake.

The in‑kind portion totals ARS 28,702,000,000.00, consisting of 12,700,000 shares of IRSA (par value ARS 10 each) valued at the October 29, 2025 closing price of ARS 2,260 per IRSA share. The cash portion is ARS 65,079,917,808.30.

Separately, the company resolved to distribute 5,300,000 treasury shares (par value ARS 1) pro rata among shareholders.

Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria filed its annual report on Form 20-F for the fiscal year ended June 30, 2025. The company’s American Depositary Shares trade on the Nasdaq under the symbol CRESY, with each ADS representing ten shares of Common Stock.

Shares outstanding were 614,074,273 as of the close of the period covered by the report. Cresud is incorporated in the Republic of Argentina and lists both its ADSs and common stock class in connection with the Nasdaq National Market, as stated in the filing.