Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Earnings Release IQ FY 2026

About this update from Cresud Sa

The Company announces today its results for the third quarter of the Fiscal Year 2026. Net income for the first quarter of fiscal year 2026 reached ARS 110,133 million, compared to a loss of ARS 77,887 million in the same period of 2025. This result was mainly driven by the gain from changes in the fair value of IRSA investment properties. Adjusted EBITDA for the period totaled ARS 58,764 million, 39.7% lower than in the same quarter of 2025. Adjusted EBITDA from the agribusiness segments amounted to ARS 5,648 million, while the urban properties and investments business (through IRSA) contributed ARS 57,589 million. The 2026 regional agricultural campaign continues to progress under favorable weather conditions and slightly improving international commodity prices, although still at historically low levels. We expect to plant approximately 321,000 hectares across the region, representing a 7.4% increase compared to the 2025 campaign. In September 2025, the Argentine government temporarily eliminated export taxes on main crops and beef for the remaining stock of the prior campaign, which boosted prices and improved margins. The livestock business continues to benefit from firm cattle prices, supported by stronger international demand and a solid local market, generating very attractive margins. On October 30, 2025, the Shareholders' Meeting approved a dividend distribution of ARS 93,782 million, consisting of ARS 65,080 million in cash and ARS 28,702 million in IRSA shares (~8% dividend yield).

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