IRSA Inversiones y Representaciones reports a sharp turnaround, with net income for the first half of fiscal 2026 reaching ARS 248,817 million, compared with a loss of ARS 53,896 million in the same period of 2025, mainly from gains in the fair value of investment properties.
Adjusted EBITDA from rental segments was ARS 147,190 million, up 4.9% year on year, while shopping mall revenues and adjusted EBITDA rose 4.2% and 2.0%. Premium office occupancy stayed at 100%, and hotels improved revenues and EBITDA.
The company advanced real estate projects, swapped Ramblas del Plata lots for USD 11.8 million, bought a Buenos Aires property for USD 6.8 million, issued Additional Class XXIV Notes for USD 180 million maturing in 2035, and paid a cash dividend of ARS 173,788 million.
IRSA Inversiones y Representaciones S.A. has a new significant shareholder disclosure. Helikon Investments Limited and its principal, Federico Riggio, report beneficial ownership of 4,134,480 American Depositary Receipts (ADRs) of IRSA, representing 5.25% of the class. Each ADR represents ten common shares of the Argentinian company.
The filing states that Helikon and Riggio share voting and dispositive power over all reported ADRs and that the position is held through the Helikon Long Short Equity Fund Master ICAV, managed by Helikon Investments Limited. They certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of IRSA.
IRSA Inversiones y Representaciones Sociedad Anónima reports that it will pay the second interest installment on its Fixed Rate Series XXIII Notes on January 23, 2026. These notes have a principal amount and capital outstanding of USD 51,467,822, bear an annual nominal interest rate of 7.25%, and mature in 2029.
The payment covers the interest period from July 23, 2025 to January 23, 2026, with total interest being paid of USD 1,881,043.14, in U.S. dollars, through Caja de Valores S.A. as payment agent. Interest will be paid to holders whose notes are registered in their name as of January 22, 2026.
IRSA Inversiones y Representaciones Sociedad Anónima reports the upcoming payment of the second interest installment on its Fixed Rate Series XXII Notes, which have a principal amount of USD 15,799,810 and are due in 2027. The notes carry an annual nominal interest rate of 5.75%.
The second interest payment covers the period from July 23, 2025 to January 23, 2026, with an interest amount stated as USD 457.978.05. Interest will be paid in U.S. dollars through Caja de Valores S.A. to holders registered as of January 22, 2026.
IRSA Inversiones y Representaciones S.A. signed a barter agreement for a new 2,074 sqm lot in the extended first stage of its "Ramblas del Plata" real estate project, with an estimated total saleable area of 8,550 sqm.
The transaction is valued at USD 7.57 million, to be paid through an upfront cash component and additional saleable square meters to be received in the future. IRSA plans to continue infrastructure works on the Ramblas del Plata plot while it advances with agreements to commercialize the project.
IRSA Inversiones y Representaciones Sociedad Anónima reports the upcoming payment of the seventh interest installment on its Fixed Rate Series XIV Notes. The company will pay USD 2,937,373.73 in interest at an annual nominal rate of 8.75%, covering the period from June 22, 2025 to December 22, 2025.
The notes have a current nominal value of USD 103,292,263, with capital outstanding of USD 67,139,970.95 and maturity in 2028. Payment will be made in U.S. dollars on December 22, 2025 through The Bank of New York Mellon to holders registered as of December 19, 2025.
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.