IRSA(US:IRS)2025-02-07 13:46Financial Performance - The company reported a net loss of ARS 40,971 million for the first half of 2025, primarily due to the impact of inflation on the fair value of investment properties[3] - Rental EBITDA decreased by 9.5% from 6M 24 to 6M 25[56] - The company's net financial result improved by ARS 227,303 million, primarily due to net FX results[62] Operational Highlights - Shopping malls experienced a recovery in occupancy and sales, with a 21.4% increase compared to the previous quarter (IQ 25), but an 8.5% decrease compared to IIQ 24[3] - Premium office occupancy reached 100%[3] - The company acquired "Terrazas de Mayo" shopping mall located in Malvinas Argentinas District[3, 6] - Hotels' revenues and occupancy dropped during IIQ25[3] Ramblas del Plata Project - Two plots from the first stage of the Ramblas del Plata project (40,000 sellable sqm) were sold for USD 23.4 million[3] - The Ramblas del Plata project has an estimated investment of over USD 1.8 billion[21] - Stage 1 of Ramblas del Plata is estimated to have total sales (cash + swaps) of USD 120 million[27] Dividend and Share Distribution - The company distributed a dividend with an approximate 8% yield and holds 25.7 million treasury shares, representing 3.6% of the social capital[3] Other Projects - IRSA will receive 40% of the buildable sqm of the macro lots from "Nuevo Quilmes II" Commercialization Progress[41] - 33 single-family lots already sold for approximately USD 5 million[41]