Business
CRESUD S.A.C.I.F. y A. announces its results for the third quarter of Fiscal Year 2025 ended March 31, 2025
Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), leading Argentine agricultural company, announces today its results for the third quarter of FY 2025 ended March 31, 2025.
About this update from Cresud Sa
[{"type":"text","content":"BUENOS AIRES, Argentina, May 9, 2025 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), leading Argentine agricultural company, announces today its results for the third quarter of FY 2025 ended March 31, 2025.","length":227,"tagName":"p"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"The net result for the nine-month period of the 2025 fiscal year recorded a profit of ARS 57,895 million, compared to a loss of ARS 39,987 million in the same period of 2024.","length":179,"tagName":"p"}]},{"val":[{"type":"text","content":"The adjusted EBITDA of the segments that make up the agricultural business was ARS 31,072 million, while the urban properties and investments business (through IRSA) recorded ARS 156,380 million.","length":200,"tagName":"p"}]},{"val":[{"type":"text","content":"The 2025 campaign progressed with a good level of rainfall in the region, despite some irregularity in frequency specially in Northern Argentina, with sustained commodity prices and stable input costs. We planted 300,000 hectares in the region and expect to produce approximately 867,000 tons of grains, 23% more than in the previous campaign.","length":343,"tagName":"p"}]},{"val":[{"type":"text","content":"Cattle activity in Argentina is developing with very good prices, margins, and production levels.","length":97,"tagName":"p"}]},{"val":[{"type":"text","content":"During the quarter and after the closing, the Argentine government announced two favorable measures for the agricultural sector. First, a temporary reduction, until June 30, 2025, in export duties for soybeans, from 33% to 26%, and for wheat and corn, from 12% to 9.5%, with a positive impact on available and future grain prices. Second, the partial elimination of capital controls, with a direct impact on the convergence of exchange rates.","length":442,"tagName":"p"}]},{"val":[{"type":"text","content":"During the nine-month period of the 2025 fiscal year, we sold a portion of the "Los Pozos" farm in Argentina for USD 2.2 million, and our subsidiary BrasilAgro sold a portion of "Alto Taquari" farm for BRL 189.4 million.","length":245,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1506,"olType":false},{"type":"text","content":"Financial Highligh...