Irsa Inversion SEC Filings

IRSA Inversiones y Representaciones Sociedad Anónima is issuing Series XXIV Additional Notes in the international market for USD 180 million. These U.S. dollar‑denominated notes will bring the total outstanding nominal value of this series to USD 480,454,198. The notes are expected to be issued and settled on December 17, 2025 and will mature on March 31, 2035.

The notes carry a fixed annual interest rate of 8.00%, paid semiannually on March 31 and September 30, starting March 31, 2026, and are priced at 98.503%, implying a yield to maturity of 8.25% and an average life of 8.3 years. Principal will be repaid in three annual installments of 33%, 33% and 34% of nominal value in 2033, 2034 and 2035, respectively, with payments made in U.S. dollars outside Argentina through DTC or its representative.

IRSA Inversiones y Representaciones S.A. has a shareholder who filed a Form 144 notice covering the potential sale of up to 5,510,147 common shares through broker Latin Securities Argentina S.A. on the BYMA exchange around 12/10/2025. The filing lists an aggregate market value for these shares of 8,773,997, compared with 861,199,098 common shares outstanding. It also details how the shares were originally acquired, including a large negotiated private transaction in 2020, open market purchases in 2021–2022, shares received via a merger completed in 2022, and dividend distributions in kind during 2023 and 2024. The signer represents that they are not aware of undisclosed material adverse information about the issuer.

IRSA Inversiones y Representaciones reports a sharp turnaround to profitability for the three months ended September 30, 2025. Revenue reached $94 million (ARS 129,259 million), while net profit was $118 million (ARS 163,438 million) compared with a loss in the prior-year period. The swing is largely driven by a $160 million (ARS 219,935 million) net gain from fair value adjustments on investment properties.

Operating profit rose to $199 million, and net financial results were a loss of $17 million, leading to profit before tax of $179 million. Cash from operations was $60 million, while investing and financing outflows reduced cash and equivalents to $67 million at period-end.

Shopping malls remain the core business, generating ARS 72,823 million in revenue with a 97.8% occupancy rate, though tenant sales fell 7.0% year-on-year in real terms. Offices showed 96.8% occupancy and higher rents per square meter, and hotels delivered ARS 17,787 million of revenue with 58% average occupancy. IRSA continued to reshape its portfolio, consolidating the 2024 acquisition of Terrazas de Mayo and closing the September 2025 purchase of the Al Oeste shopping mall, while advancing land and mixed-use projects such as the Ramblas del Plata development.

IRSA Inversiones y Representaciones S.A. reports that warrant holders exercised their rights between November 17 and 25, 2025, leading to the issuance of 1,132,453 new ordinary shares with a face value of ARS 10 each. The company collected USD 299,081 from these exercises. As a result, ordinary shares increased from 773,057,700 to 774,190,153, while outstanding warrants fell from 53,853,144 to 53,161,206. The table indicates a current ratio of 1.6367 ordinary shares per warrant, a current exercise price of USD 0.2641 per share, remaining warrants that could result in 87,008,945 additional shares, and a fully diluted share count of 861,199,098.

IRSA Inversiones y Representaciones Sociedad Anónima reports that it will pay the third interest installment on its Fixed Rate Series XX Notes due 2026. The notes have a principal amount of USD 23,015,242 and bear a 6.00% annual nominal interest rate. On December 10, 2025, IRSA will pay USD 692,348.92 in interest for the period from June 10, 2025 to December 10, 2025, with no principal being repaid in this installment. Interest will be paid in U.S. dollars to holders of record as of December 9, 2025, through Caja de Valores S.A. as payment agent.

IRSA Inversiones y Representaciones Sociedad Anónima reports that it will make a scheduled payment on its Fixed Rate Series XVII Notes with a principal amount of USD 25,000,000, due 2025. On December 9, 2025, the company will pay the fifth installment of interest and a full installment of capital for the period from June 7, 2025 to December 7, 2025.

The notes carry an annual nominal interest rate of 5.00%. For this installment, IRSA will pay interest of USD 626,712.33 and capital of USD 25,000,000 in U.S. dollars through Caja de Valores S.A. Interest will be paid to holders whose notes were registered as of December 5, 2025.

IRSA Inversiones y Representaciones (IRS) reported a strong turnaround for the first quarter of fiscal 2026. The Group posted net income of ARS 163,438 million versus a loss of ARS 143,662 million a year earlier, mainly due to a ARS 219,935 million gain from fair value adjustments of investment properties, compared with a large loss in the prior period.

Revenues rose to ARS 129,259 million, up 9.2%, driven largely by shopping malls and offices. However, total adjusted EBITDA fell 7.5% to ARS 57,148 million, while rental adjusted EBITDA grew 3.5% to ARS 64,256 million, indicating underlying rental operations are growing but being offset by other items.

IRSA ended the quarter with total assets of ARS 3,823,123 million and shareholders’ equity of ARS 1,934,998 million. Net cash from operations was ARS 82,248 million, but heavy investment activity and debt service reduced cash and cash equivalents to ARS 92,343 million from ARS 187,373 million, while borrowings stood at ARS 690,997 million.

IRSA Inversiones y Representaciones S.A. announced a barter agreement for a new lot of 2,325 sqm within the first stage of its Ramblas del Plata project, with an estimated total saleable area of 5,020 sqm.

The transaction is valued at USD 4.215 million, to be paid to IRSA via an upfront cash component and additional saleable square meters to be received in the future. The company will continue infrastructure works on the site while advancing agreements to commercialize the project.

IRSA Inversiones y Representaciones Sociedad Anónima updated the terms of its outstanding common share warrants following a cash dividend distributed on November 4, 2025.

The number of shares issuable per warrant increased to 1.6367 from 1.4818 (Nominal Value ARS 10). The warrant exercise price per new share decreased to USD 0.2641 from USD 0.2917 (Nominal Value ARS 10). The company stated that all other warrant terms and conditions remain unchanged.