浙江兰溪：收获甘蔗【3】 浙江兰溪：收获甘蔗 浙江兰溪：收获甘蔗【2】 浙江兰溪：收获甘蔗【4】 ...

Financial Performance (9M25) - Net revenue reached R$870.5 million[13], a 57% increase compared to the previous year[26] - Adjusted EBITDA was R$195.3 million[13], with an adjusted EBITDA margin of 22%[26] - Net income amounted to R$76.7 million[13], a significant turnaround from the previous year's net loss[26] Production and Sales (24/25 Harvest) - Soybean production is estimated at 251,788 tons[19], but projected to be 216,111 tons[19], a 14% decrease[19] - Corn production is estimated at 42,033 tons[19], and projected to be 47,527 tons[19], a 13% increase[19] - Cotton production is estimated at 31,170 tons[19], but projected to be 20,553 tons[19], a 34% decrease[19] Commodity and Input Prices - Soybean prices decreased by 2% from June 2024 to April 2025[15] - Corn prices increased by 31% from June 2024 to April 2025[15] - Cattle raising prices increased by 46% from June 2024 to April 2025[15] - The price of KCL fertilizer for the 25/26 harvest is projected at USD 635 per ton[17], a 24% increase compared to Mar-24[17] Hedging - 20% of the 24/25 soybean harvest and 22% of the 25/26 harvest are hedged for commodity prices[25] - 72% of the 24/25 corn harvest and 83% of the 25/26 harvest are hedged for commodity prices[25] - 39% of the 24/25 ethanol harvest is hedged for commodity prices[25] - 71% of the 24/25 cotton harvest is hedged for commodity prices and 47% is hedged for exchange rates[25] Indebtedness - Total indebtedness is R$884.98 million[36], a 30% increase compared to June 30, 2024[36] - Adjusted net debt is R$779.403 million[36], a 65% increase compared to June 30, 2024[36]

Company Overview - CRESUD has been investing in real assets for over 30 years[2] - The company manages 865,600 hectares through CRESUD, BrasilAgro & Subsidiaries, with 71% owned, 14% leased, and 15% under long-term concessions[11] - CRESUD's agribusiness strategy focuses on farming activity, farmland real estate, and agricultural commercial services[15] Farmland Portfolio and Production - The company's farmland portfolio has evolved since 1994, expanding from Argentina to the region[8] - The planted surface has increased at a CAGR of +10.3%[19] - Grain production in the region has increased at a CAGR of +14.8%[21] Farmland Real Estate - Farmland prices in Argentina have seen significant appreciation[28] - Farmland prices in Brazil have also seen significant appreciation[31] - CRESUD's stake in farmland real estate is 51.2%[34] Agricultural Commercial Services - The company complements traditional farming with services, trading, and AgTech[36] - Traded tons evolution & market share has increased over the years[39] - EBT Evolution reached USD 28.2 million in 2021-2022[41] Financial Performance and Capital Management - Agribusiness Adjusted EBITDA has evolved across farming, farmland sales, and services segments[50] - Stand-alone debt has decreased by -23.4% to USD 323 million in IIQ 25[53] - The company approved a dividend on October 28th, 2024, with a dividend yield of ~7%[58] - Shares repurchase programs were conducted from November to December 2024, with 4,522,623 ordinary shares repurchased for ARS 6,498 million (~USD 6.4 million), representing ~0.75% of Social Capital[60]