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About Cresud S.A.C.I.F. y A.
Cresud S.A.C.I.F. y A. (NASDAQ: CRESY) is a diversified Argentine company with a strong presence in the agriculture and real estate sectors, primarily operating in Latin America. The company is a key player in the agricultural industry, specializing in the production of grains, sugarcane, meat, and milk. Its agricultural operations are divided into four core segments: Agricultural Production, Land Transformation and Sales, Corporate, and Other Activities. These activities encompass everything from cultivating oilseed grains and cereals to livestock production and land development.
In addition to its agricultural ventures, Cresud has a significant footprint in the real estate market through its subsidiary, IRSA (Inversiones y Representaciones Sociedad Anónima). This arm of the business focuses on the acquisition, development, and management of urban properties, including shopping malls, office spaces, hotels, and residential developments. The real estate division is further segmented into five categories: Shopping Malls, Offices, Sales and Developments, Hotels, and Other Activities, reflecting a comprehensive approach to urban property investment and management.
Cresud's dual focus on agriculture and real estate allows it to leverage synergies between these sectors. For instance, the company’s expertise in land transformation not only supports its agricultural operations but also enhances its real estate development initiatives. This diversified business model helps mitigate risks associated with the cyclical nature of agricultural markets by providing more stable income streams from real estate investments.
Operating primarily in Argentina and expanding its reach across other Latin American countries, Cresud is strategically positioned to capitalize on the region's abundant natural resources and growing urbanization trends. However, its operations are also influenced by regional economic conditions, including currency fluctuations, regulatory changes, and market competition.
Through its integrated approach to agriculture and real estate, Cresud has established itself as a unique player in its industry, balancing growth opportunities with risk management to deliver value across its diverse business segments.
Cresud (NASDAQ: CRESY) reported a net loss of ARS 64,391 million for the first half of FY 2025, primarily due to changes in IRSA investment properties' fair value. The adjusted EBITDA decreased by 15.3% to ARS 134,961 million compared to the same period in 2024.
The company expanded its planted area to 303,000 hectares, a 9% increase from the previous season, despite historically low commodity prices. The Argentine government's announcement of temporary crop export tax reductions until June 2025 resulted in approximately 5% improvement in crop prices.
Notable transactions include the sale of Los Pozos farm fraction for USD 2.2 million and BrasilAgro's sale of Alto Taquari farm fraction for BRL 189.4 million. The company distributed a cash dividend of ARS 45,000 million (yield ~7%) in November 2024. As of December 31, 2024, Cresud's market capitalization stood at USD 761.8 million.
Cresud reported financial results for Q1 FY2025, showing a net loss of ARS 72,374 million, representing a 129.7% decline compared to the same period in 2024. The adjusted EBITDA reached ARS 73,977 million, up 68.0% year-over-year. The company plans to plant approximately 303,000 hectares, a 9% increase from the 2024 campaign. Notable transactions include the sale of Los Pozos farm for USD 2.2 million and Brasilagro's sale of Alto Taquari farm for BRL 189.4 million. A cash dividend of ARS 45,000 million was approved, yielding approximately 7%.
CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES), a leading Latin American agricultural company, has announced its results for Fiscal Year 2024 ended June 30, 2024. The company reported a net gain of ARS 104,129 million, down from ARS 279,709 million in 2023. Adjusted EBITDA reached ARS 256,396 million, increasing 23.5% compared to the previous year. Despite productive challenges and lower commodity prices, CRESUD planted 277,000 hectares, producing 707,000 tons of grains. The company's livestock activity showed strong performance with high meat production and improved prices in Argentina. CRESUD also sold farm fractions for USD 75 million, generating a profit of USD 48 million. The company distributed cash dividends totaling ARS 52,000 million and IRSA shares worth 22.1 million.
CRESUD S.A.C.I.F. y A. reported a net loss of ARS 25,646 million for the 9-month period ending March 31, 2024, due to inflation impact on investment properties. However, the adjusted EBITDA increased by 61.4% compared to 2023. The company approved a cash dividend of ARS 30,000 million. Brasilagro sold a fraction of its establishment, generating BRL 365.4 million in gains. The business outlook for 2024 includes better prospects in Argentina's agribusiness.
Cresud S.A.C.I.F. y A (NASDAQ: CRESY) reported its FY 2023 Q2 results, marking a significant decline in performance. The company posted a profit of ARS 19,237 million, down from ARS 74,081 million in the same period last year. Adjusted EBITDA also fell 40.3% to ARS 17,579 million, primarily due to lower productivity in sugarcane activities and reduced farmland sales in Brazil. Agricultural revenues dropped to ARS 36,905 million from ARS 48,794 million, while gross profit for the agricultural business decreased to ARS 5,584 million from ARS 15,393 million. The ongoing drought in Argentina continues to pose challenges.
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