Core Insights - Cresud S.A.C.I.F. y A. reported a significant loss of ARS 64,391 million for the first half of FY 2025, primarily due to changes in the fair value of IRSA investment properties [4] - The company experienced a decline in adjusted EBITDA by 15.3% year-over-year, totaling ARS 134,961 million [4] - The Argentine government announced a temporary reduction in crop export taxes, positively impacting crop prices by approximately 5% [4] Financial Highlights - Agricultural Business Revenue increased to ARS 238,715 million from ARS 225,523 million year-over-year [3] - Urban Properties Revenues decreased to ARS 170,141 million from ARS 183,583 million year-over-year [3] - Consolidated Gross Profit fell to ARS 153,481 million from ARS 207,081 million year-over-year [3] - The company's market capitalization was approximately USD 761.8 million as of December 31, 2024 [3] Operational Insights - The company planted 303,000 hectares in the region, representing a 9% increase compared to the previous season [4] - A cash dividend of ARS 45,000 million was distributed in November 2024, yielding approximately 7% [4] - The adjusted EBITDA for agribusiness was ARS 35,262 million, while Urban adjusted EBITDA reached ARS 103,136 million [4]
Cresud S.A.C.I.F. y A. announces its results for the second quarter of Fiscal Year 2025 ended December 31, 2024