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CRESUD S.A.C.I.F. y A. announces its results for the third quarter of Fiscal Year 2025 ended March 31, 2025
Prnewswireยท 2025-05-09 13:36
Core Insights - Cresud S.A.C.I.F. y A. reported a profit of ARS 57,895 million for the nine-month period ending March 31, 2025, a significant recovery from a loss of ARS 39,987 million in the same period of 2024 [3] - The company experienced a decline in agricultural business revenue, which was ARS 353,159 million compared to ARS 371,988 million in the previous year [2] - The gross profit from the agricultural business also decreased to ARS 54,117 million from ARS 97,424 million year-over-year [2] Financial Performance - Urban properties revenues were ARS 269,586 million, slightly down from ARS 276,363 million in the previous year [2] - Consolidated gross profit fell to ARS 259,097 million from ARS 321,226 million [2] - The earnings per share (EPS) decreased, with basic EPS at ARS 37.27 compared to ARS 58.83 in the previous year [2] Operational Highlights - The adjusted EBITDA for the agricultural business segments was ARS 31,072 million, while urban properties and investments recorded ARS 156,380 million [3] - The company planted 300,000 hectares and expects to produce approximately 867,000 tons of grains, a 23% increase from the previous campaign [3] - Favorable government measures included a temporary reduction in export duties for soybeans and grains, which is expected to positively impact grain prices [3] Balance Sheet Overview - As of March 31, 2025, total assets were ARS 4,621,796 million, with current assets at ARS 1,173,788 million [2] - Total liabilities increased to ARS 2,719,665 million from ARS 2,510,847 million [2] - Shareholders' equity decreased to ARS 1,902,131 million from ARS 2,056,740 million [2] Market Capitalization - The company's market capitalization was approximately USD 653.5 million as of March 31, 2025, based on a price of USD 10.8 per ADS [2]