Core Insights - CRESUD S.A.C.I.F. y A. reported a net gain of ARS 104,129 million for fiscal year 2024, a significant decrease from ARS 279,709 million in 2023 [2][3] - The company's adjusted EBITDA reached ARS 256,396 million, with contributions of ARS 80,066 million from the agricultural business and ARS 176,330 million from urban properties and investments, marking a 23.5% increase compared to fiscal year 2023 [2] - The agricultural sector faced challenges with a 7% decrease in grain production, totaling 707,000 tons due to adverse weather conditions [2] - Livestock activity showed strong performance with high meat production levels and improved prices in Argentina [2] - CRESUD sold three farm fractions for USD 75 million, generating a profit of approximately USD 48 million [2] - The company distributed cash dividends totaling ARS 52,000 million and treasury shares amounting to approximately 1% of the stock capital [2] Financial Performance - Current assets decreased to ARS 706,400 million from ARS 798,558 million year-over-year [2] - Total assets fell to ARS 3,473,111 million from ARS 3,972,964 million [2] - Current liabilities decreased to ARS 657,605 million from ARS 741,090 million [2] - Shareholders' equity declined to ARS 1,563,910 million from ARS 1,783,828 million [2] - Agricultural business revenue increased to ARS 384,487 million from ARS 378,132 million, with gross profit rising to ARS 73,324 million from ARS 49,272 million [3] - Urban properties revenues slightly increased to ARS 270,550 million from ARS 268,627 million, with gross profit rising to ARS 221,659 million from ARS 219,262 million [3] - The consolidated result for the period was ARS 104,729 million, down from ARS 279,709 million in the previous year [3] - Basic EPS decreased to 142.77 from 260.59, and diluted EPS decreased to 120.52 from 229.01 [3]
CRESUD S.A.C.I.F. y A. announces its results for Fiscal Year 2024, ended June 30, 2024