CRESUD S.A.C.I.F. y A. announces its results for the first quarter of Fiscal Year 2025 ended September 30, 2024
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 ha riportato i risultati finanziari per il primo trimestre dell'anno fiscale 2025, evidenziando una perdita netta di 72.374 milioni di ARS, che rappresenta un calo del 129,7% rispetto allo stesso periodo del 2024. L'EBITDA rettificato ha raggiunto i 73.977 milioni di ARS, con un incremento del 68,0% rispetto all'anno precedente. L'azienda prevede di piantare circa 303.000 ettari, un aumento del 9% rispetto alla campagna del 2024. Tra le transazioni significative rientrano la vendita della fattoria Los Pozos per 2,2 milioni di USD e la vendita della fattoria Alto Taquari da parte di Brasilagro per 189,4 milioni di BRL. È stato approvato un dividendo in contante di 45.000 milioni di ARS, con un rendimento di circa il 7%.
Cresud informó sobre los resultados financieros del primer trimestre del año fiscal 2025, mostrando una pérdida neta de 72,374 millones de ARS, lo que representa una disminución del 129.7% en comparación con el mismo periodo de 2024. El EBITDA ajustado alcanzó los 73,977 millones de ARS, un aumento del 68.0% interanual. La empresa planea sembrar aproximadamente 303,000 hectáreas, un incremento del 9% respecto a la campaña de 2024. Las transacciones notables incluyen la venta de la granja Los Pozos por 2.2 millones de USD y la venta de la granja Alto Taquari por parte de Brasilagro por 189.4 millones de BRL. Se aprobó un dividendo en efectivo de 45,000 millones de ARS, con un rendimiento de aproximadamente el 7%.
Cresud는 2025 회계 연도 1분기 재무 결과를 발표하며, 72,374억 ARS의 순손실을 기록했다고 밝혔습니다. 이는 2024년 같은 기간에 비해 129.7% 감소한 수치입니다. 조정된 EBITDA는 73,977억 ARS에 도달했으며, 이는 전년 대비 68.0% 증가한 수치입니다. 회사는 약 303,000헥타르를 경작할 계획이며, 이는 2024 캠페인에 비해 9% 증가한 수치입니다. 주요 거래로는 Los Pozos 농장의 220만 달러 판매와 Brasilagro에 의한 Alto Taquari 농장의 189.4백만 BRL 판매가 포함됩니다. 45,000억 ARS의 현금 배당금이 승인되어 약 7%의 수익률을 기록했습니다.
Cresud a rapporté les résultats financiers du premier trimestre de l'exercice 2025, affichant une perte nette de 72,374 millions ARS, ce qui représente une baisse de 129,7% par rapport à la même période en 2024. L'EBITDA ajusté a atteint 73,977 millions ARS, en hausse de 68,0% d'une année sur l'autre. L'entreprise prévoit de planter environ 303 000 hectares, soit une augmentation de 9% par rapport à la campagne 2024. Parmi les transactions notables, on trouve la vente de la ferme Los Pozos pour 2,2 millions USD et la vente par Brasilagro de la ferme Alto Taquari pour 189,4 millions BRL. Un dividende en espèces de 45 000 millions ARS a été approuvé, offrant un rendement d'environ 7%.
Cresud hat die finanziellen Ergebnisse für das erste Quartal des Geschäftsjahres 2025 veröffentlicht und einen Nettoverlust von 72.374 Millionen ARS ausgewiesen, was einem Rückgang von 129,7% im Vergleich zum gleichen Zeitraum 2024 entspricht. Das bereinigte EBITDA erreichte 73.977 Millionen ARS, was einem Anstieg von 68,0% im Jahresvergleich entspricht. Das Unternehmen plant, approximately 303.000 Hektar zu bepflanzen, was einem Anstieg von 9% gegenüber der Kampagne 2024 entspricht. Zu den bemerkenswerten Transaktionen gehören der Verkauf der Farm Los Pozos für 2,2 Millionen USD und der Verkauf der Farm Alto Taquari durch Brasilagro für 189,4 Millionen BRL. Eine Barausschüttung von 45.000 Millionen ARS wurde genehmigt, was eine Rendite von etwa 7% ergibt.
- Adjusted EBITDA increased 68.0% to ARS 73,977 million
- Planned 9% increase in planted hectares for 2025 campaign
- Asset sales: Los Pozos farm (USD 2.2M) and Alto Taquari farm (BRL 189.4M)
- Approved cash dividend with ~7% yield
- Net loss of ARS 72,374 million, down 129.7% YoY
- Agricultural Business Gross Profit decreased from ARS 12,373M to ARS 8,671M
- Urban Properties Revenue declined from ARS 78,185M to ARS 72,495M
- Consolidated Gross Profit dropped from ARS 76,809M to ARS 65,999M
Insights
This earnings report reveals significant challenges for Cresud. The company posted a concerning
The planned
The balance sheet shows deteriorating metrics with declining assets and shareholders' equity, while maintaining high liability levels. The market cap of
HIGHLIGHTS
- The net result for the first quarter of fiscal year 2025 registered a loss of ARS 72,374 million,
129.7% lower than the one registered in the same period of 2024. This lower result is mainly explained by the loss due to changes in the fair value of IRSA investment properties. - The adjusted EBITDA for the period reached ARS 73,977 million,
68.0% higher than the same period in 2024. The agribusiness adjusted EBITDA wasARS 27,919 million and the Urban adjusted EBITDA (through IRSA),ARS 47,290 million . - The 2025 campaign is being developed with good weather conditions in the region, stable commodity prices and costs that are beginning to correct although they remain high compared to prices. We hope to plant approximately 303,000 hectares,
9% more than in the 2024 campaign. - During the quarter, we sold a fraction of Los Pozos farm in
Argentina forUSD 2.2 million and our subsidiary Brasilagro sold a fraction of its Alto Taquari farm forBRL 189.4 million . - On October 28, 2024, the Shareholders' Meeting approved the distribution of a cash dividend of ARS 45,000 million (dividend yield ~
7% ).
Financial Highlights | ||
(In millions of Argentine Pesos) | ||
3M FY 2025 ended September 30, 2024 | ||
Income Statement | 09/30/2024 | 09/30/2023 |
Agricultural Business Revenue | 136,955 | 113,392 |
Agricultural Business Gross Profit | 8,671 | 12,373 |
Urban Properties Revenues | 72,495 | 78,185 |
Urban Properties Gross Profit | 57,846 | 64,768 |
Consolidated Gross Profit | 65,999 | 76,809 |
Consolidated results from Operations | (172,626) | 359,771 |
Profit for the Period | (72,374) | 244,016 |
Attributable to: | ||
Cresud's Shareholders | (39,562) | 126,011 |
Non-Controlling interest | (32,812) | 118,005 |
EPS (Basic) | (66.54) | 212.94 |
EPS (Diluted) | (66.54) | 181.95 |
Balance Sheet | 09/30/2024 | 06/30/2024 |
Current Assets | 804,851 | 792,094 |
Non-Current Assets | 2,894,590 | 3,102,338 |
Total Assets | 3,699,441 | 3,894,432 |
Current Liabilities | 736,545 | 737,378 |
Non-Current Liabilities | 1,302,932 | 1,403,427 |
Total Liabilities | 2,039,477 | 2,140,805 |
Non-Controlling Interest | 913,238 | 972,923 |
Shareholders' Equity | 1,659,964 | 1,753,627 |
The Company's market capitalization as of September 30, 2024, was approximately
Cresud, leading Argentinean agricultural company with a growing presence in Latin American countries, cordially invites you to participate in its first quarter of the FY 2025 Results Conference Call on Thursday, November 11, 2024, at 9:00 AM Eastern Time / 11:00 AM BA Time.
To access the Webinar:
https://zoom.us/webinar/register/WN_svGVbgp5QxyBOy6KqCAFbQ#/
Webinar ID: 925 3748 3606
Password: 235934
In addition, you can participate communicating to this numbers:
US: +1 719 359 4580 or +1 929 205 6099 or +1 253 205 0468 or +1 253 215 8782 or +1 301 715 8592
Investor Relations Department.
https://www.cresud.com.ar/home-inversores.php?lng=en
Cresud S.A.C.I.F. y A.
+5411 4323-7449
ir@cresud.com.ar
Follow us on Twitter: @cresudir
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SOURCE CRESUD S.A.C.I.F. y A.
FAQ
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