CRESUD Q1 FY2027 net income falls to ARS 26.3B

Adjusted EBITDA increased 66.4%, and shareholders approved an ARS 116,000 million distribution combining cash and IRSA shares.

Available on EDGAR 11/09/2026 - 04:01 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:00 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

CRESUD INC (CRESY) reported first-quarter fiscal 2027 net income of ARS 26,331 million, compared with ARS 146,866 million in the same quarter of fiscal 2026. The company said the lower result mainly reflected losses from changes in the fair value of investment properties in the urban real estate business through IRSA. Adjusted EBITDA was ARS 130,401 million, up 66.4% from the prior-year period; agricultural business segments contributed ARS 49,194 million, while the urban properties and investments business through IRSA contributed ARS 84,016 million.

CRESUD expects to plant approximately 324,000 hectares in the 2027 regional agricultural campaign, 3.3% more than in the 2026 campaign, with favorable production prospects amid weather conditions associated with El Niño. BrasilAgro completed the sale of a 2,593-hectare portion of the Rio do Meio farm, including 1,753 productive hectares, for a nominal BRL 96.4 million. Cattle prices were relatively stable during the quarter, with tighter margins.

On October 22, 2026, shareholders approved a distribution of ARS 116,000 million: ARS 81,200 million in cash and ARS 34,800 million in IRSA shares, described as an approximately 9% dividend yield.

1 point · 0 major

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How the balance works

Positive

• Moderate pointAdjusted EBITDA reached ARS 130,401 million, up 66.4%.

Negative

• Moderate pointNet income fell to ARS 26,331 million from ARS 146,866 million.

Filing Explained

Total comprehensive income was a loss of ARS 26,625 million, despite positive net income reported for the same quarter.

CRESUD's November 9, 2026 Form 6-K furnishes first-quarter fiscal 2027 results and reports the company's ownership position as of September 30, 2026. At that date, Eduardo Sergio Elsztain's direct and indirect holding was 278,159,391 shares, or 39.22% of share capital net of treasury shares; other shareholders held 431,092,573 shares, or 60.78%.

Other comprehensive income was a loss of ARS 52,956 million in the quarter, compared with income of ARS 78,002 million in the same quarter a year earlier.

Key Figures

Net income: ARS 26,331 million; ARS 146,866 million Adjusted EBITDA: ARS 130,401 million; up 66.4% BrasilAgro sale amount: BRL 96.4 million +3 more

6 metrics

Net income ARS 26,331 million; ARS 146,866 million First quarter of fiscal 2027 compared with the same quarter of fiscal 2026

Adjusted EBITDA ARS 130,401 million; up 66.4% First quarter of fiscal 2027 compared with the same period of 2026

BrasilAgro sale amount BRL 96.4 million Nominal amount for the completed sale of a portion of the Rio do Meio farm

Dividend distribution ARS 116,000 million Approved by shareholders on October 22, 2026

Cash distribution ARS 81,200 million Component of the approved dividend distribution

Distribution in IRSA shares ARS 34,800 million Component of the approved dividend distribution

Key Terms

Adjusted EBITDA, fair value, non-controlling interest, ADS, +1 more

5 terms

Adjusted EBITDA financial

"Adjusted EBITDA for the period reached ARS 130,401 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.

fair value financial

"changes in the fair value of investment properties"

Fair value is an estimate of what an asset or company is really worth today, derived from expected future earnings, comparable market prices and other relevant facts—like agreeing a price for a used car after checking mileage, condition and similar listings. Investors use fair value to decide whether a stock looks overpriced or undervalued, which helps guide buy, hold or sell decisions and sets expectations for potential returns and risk.

non-controlling interest financial

"Non-controlling interest"

Non-controlling interest represents the portion of ownership in a company held by investors who do not have a controlling stake, meaning they do not have enough voting power to make major decisions. It is similar to owning a minority share of a business partner’s company—while they benefit from profits, they cannot control how the company is run. This matters to investors because it shows how much of the company's value is owned by outside shareholders and affects overall financial reporting.

ADS financial

"70,930,830 ADS with a price per ADS of USD 10.38"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

market capitalization financial

"The Company's market capitalization as of September 30, 2026"

Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were CRESY's first-quarter fiscal 2027 results?

CRESY reported first-quarter fiscal 2027 net income of ARS 26,331 million and adjusted EBITDA of ARS 130,401 million. Adjusted EBITDA was 66.4% higher than in the same period of 2026, while net income compared with ARS 146,866 million.

How much dividend did CRESY approve, and in what form?

Shareholders approved an ARS 116,000 million distribution on October 22, 2026, comprising ARS 81,200 million in cash and ARS 34,800 million in IRSA shares. CRESUD described the distribution as an approximately 9% dividend yield.

Who is CRESY's principal shareholder?

As of September 30, 2026, Eduardo Sergio Elsztain was CRESUD's principal shareholder and beneficial owner, with 278,159,391 shares held directly and indirectly through Inversiones Financieras del Sur S.A., Agroinvestment S.A. and Consultores Venture Capital Uruguay S.A. The holdings represented 39.22% of share capital net of treasury shares.

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

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 FORM 6-K

 REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of November, 2026

 Cresud Sociedad Anónima, Comercial, Inmobiliaria,

Financiera y Agropecuaria

(Exact name of Registrant as specified in its charter)

Cresud Inc.

(Translation of registrant´s name into English)

 Republic of Argentina

(Jurisdiction of incorporation or organization)

Carlos Della Paolera 261

(C1001ADA)

Buenos Aires, Argentina

 (Address of principal executive offices)

 Form 20-F ⌧ Form 40-F  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No x

CRESUD S.A.C.I.F. and A.

(THE “COMPANY”)

REPORT ON FORM 6-K

Attached is the English translation of the letter filed with the Comision Nacional de Valores and Bolsa de Comercio de Buenos Aires on November 9, 2026.

By letter dated November 9, 2026, the company reported that in compliance with Section 63 of the Regulations issued by the Buenos Aires Stock Exchange, this is to report the following information:

1. Results of the fiscal year	in million ARS
	09/30/2026	09/30/2025
Results of the fiscal year (Three month period)	26,331	146,866
Attributable to:
Shareholders of the controlling company	2,655	49,133
Non-controlling interest	23,676	97,733
2. Other comprehensive income for the fiscal year	in million ARS
	09/30/2026	09/30/2025
Other comprehensive income for the fiscal year (Three month period)	(52,956)	78,002
Attributable to:
Shareholders of the controlling company	(18,879)	27,509
Non-controlling interest	(34,077)	50,493
3. Total comprehensive income for the fiscal year	in million ARS
	09/30/2026	09/30/2025
Total comprehensive income for the fiscal year (Three month period)	(26,625)	224,868
Attributable to:
Shareholders of the controlling company	(16,224)	76,642
Non-controlling interest	(10,401)	148,226
4. Equity details	in million ARS
	09/30/2026	09/30/2025
Share Capital	707	625
Treasury shares	2	7
Comprehensive adjustment of capital stock and of treasury shares	401,969	401,958
Warrants	-	25,672
Share Premium	585,050	533,507
Premium for trading of treasury shares	(57,368)	(44,256)
Legal Reserve	67,788	61,069
Special Reserve (Resolution CNV 609/12)	371,851	369,259
Cost of treasury share	(2,608)	(15,846)
Conversion reserve	(62,922)	(10,237)
Reserve for securities issued by the Company acquisition	3,865	3,865
Other reserves Retained earnings	46,212 169,990	(41,345) 163,278
Shareholders’ Equity attributable to controlling company’s shareholders	1,524,536	1,447,556
Non-controlling interest	1,780,775	1,920,253
Total shareholders's equity	3,305,311	3,367,809

Pursuant to Article 63, last paragraph, of the aforementioned Regulations, we report that, as of the closing date of the financial statements, the Company’s capital stock amounted to ARS 709,308,309 (including treasury shares), represented by 709,308,309 registered, non-endorsable ordinary shares with a par value of ARS 1 each and entitled to one vote each, all of which are duly registered as of the date hereof. Total shares outstanding amounted to 709,251,964. 

The Company's market capitalization as of September 30, 2026, was approximately USD 736.6 million (70,930,830 ADS with a price per ADS of USD  10.38).

As of September 30, 2026, the Company’s principal shareholder and beneficial owner is Eduardo Sergio Elsztain. Direct and indirectly, through the vehicles Inversiones Financieras del Sur S.A (IFISA), Agroinvestment S.A. and Consultores Venture Capital Uruguay S.A. (CVCU), Eduardo Sergio Elsztain owns 278,159,391 shares, accounting for 39.22% of the share capital (net of treasury shares). Eduardo Sergio Elsztain is domiciled at Bolivar 108, 1st floor, Buenos Aires City Center, IFISA is a company incorporated and domiciled at Calle 8, km 17,500, Edificio Zonamérica 1, local 106, Montevideo, Uruguay, Agroinvestment S.A. is a company incorporated and domiciled at Zabala 1422, piso 2, Montevideo, Uruguay and CVCU is a company incorporated and domiciled at Ruta 8, km 17,500, Edificio Zonamérica 1, Office 106, Montevideo, Uruguay.

In addition, we report that as of September 30, 2026, after deducting Eduardo Sergio Elsztain's  direct and indirect holdings through IFISA, Agroinvestment S.A. and CVCU, and the treasury shares, the remaining shareholders held 431,092,573 common, registered, non-endorsable shares of ARS 1 par value each and entitled to one vote per share, accounting for 60.78% of the issued and subscribed capital stock (subtracting treasury shares).

Below are the highlights for the First Quarter of the Fiscal Year ended September 30, 2026:

●

Net income for the first quarter of fiscal year 2027 amounted to ARS 26,331 million, compared to a profit of ARS 146,866 million in the same quarter of 2026. This lower result was mainly explained by losses from changes in the fair value of investment properties in the urban real estate business (IRSA). 

●

Adjusted EBITDA for the period reached ARS 130,401 million, 66.4% higher than in the same period of 2026. Adjusted EBITDA from the agricultural business segments amounted to ARS 49,194 million, while the urban properties and investments business (through IRSA) contributed ARS 84,016 million.

●

The 2027 regional agricultural campaign is beginning with an increase in planted area and favorable production prospects, amid weather conditions associated with the El Niño phenomenon. We expect to plant approximately 324,000 hectares across the region, 3.3% more than in the 2026 campaign .

●

Our subsidiary BrasilAgro completed the sale of a 2,593-hectare portion (1,753 productive hectares) of the “Rio do Meio” farm for a nominal amount of BRL 96.4 million. 

●

The cattle business recorded relatively stable cattle prices during the quarter, with tighter margins. 

●

On October 22, 2026, the Shareholders' Meeting approved a dividend distribution of ARS 116,000 million, consisting of ARS 81,200 million in cash and ARS 34,800 million in IRSA shares (~9% dividend yield).

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.

	Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria
	By:	/S/ Saúl Zang
		Saúl Zang
		Responsible for the Relationship with the Markets

November 9, 2026