Quarterly ResultMay 7, 2026, 05:17 PM
Cresud 9-Month Fiscal Year Result ARS 231.3B; Total Income ARS 199.5B
AI Summary
Cresud reported strong financial results for the nine-month period ended March 31, 2026, with fiscal year results reaching ARS 231,308 million, a significant increase from ARS 77,358 million in the prior year. Total comprehensive income also saw a substantial turnaround, moving to ARS 199,460 million from a loss of ARS 24,860 million. The company also highlighted a 4.6% year-over-year increase in Adjusted EBITDA from rental segments, driven by solid performance in shopping malls, offices, and hotels, and announced new project developments. An accounting error related to warrant exercise was retroactively restated, resulting in a positive adjustment.
Key Highlights
- Fiscal year result for nine months ended March 31, 2026, was ARS 231,308 million.
- Total comprehensive income for the nine-month period was ARS 199,460 million.
- Adjusted EBITDA from rental segments increased 4.6% YoY to ARS 232,327 million.
- Shopping Malls segment revenues grew 2.4% and Adjusted EBITDA rose 2.0%.
- Launched a new 15,350 sqm GLA office building at Polo Dot.
- Executed swap agreements for two new lots at Ramblas del Plata for USD 11.3 million.
- Market capitalization was approximately USD 902.2 million as of March 31, 2026.
- Retroactively restated financial statements for warrant exercise, recognizing a positive adjustment.