IRSA announces the results for the FY 2023, ended June 30, 2023
- Rental adjusted EBITDA increased by 24.9%. Mall tenant sales grew by 16.0%. Debt reduced by 67% since 2020.
- None.
HIGHLIGHTS
- The net result for fiscal year 2023 recorded a profit of
ARS 58,094 million ,22.8% lower than fiscal year 2022. - Rental adjusted EBITDA reached
ARS 42,500 million ,24.9% higher than fiscal year 2022, driven by the Shopping Centers and Hotels segments. Total adjusted EBITDA reachedARS 36,000 million compared toARS 59,126 million in 2022. - Mall tenant sales grew by
16.0% in fiscal year 2023 compared to fiscal year 2022 and occupancy grew significantly, reaching97.4% . - During the fiscal year and subsequently, we sold 9 floors of the "200 Della Paolera" building, the Suipacha 652/64 building and our
50% interest in Quality Invest S.A., owner of the San Martín property, for the total amount ofUSD 163.7 million . - We concluded our debt refinancing process this year, including the exchange of the Series II Notes for
USD 360 million , reducing net debt by67% since 2020. - We distributed dividends twice this fiscal year for a total amount of
USD 124.1 million and repurchased our own shares for approximately1.7% of the capital stock. - On September 5, 2023, the Board of Directors called a Shareholders' Meeting in order to distribute a dividend for the sum up to
ARS 64,000 million , among other points to be discussed.
Financial Highlights | ||
Income Statement | 06/30/2023 | 06/30/2022 |
Revenues | 89,285 | 69,168 |
Consolidated Gross Profit | 58,481 | 43,049 |
Net result from changes in the fair value of investment properties | (49,145) | 29,427 |
Consolidated Profit / (Loss) from Operations | (26,139) | 56,408 |
Result for the Period | 58,094 | 75,222 |
Attributable to: | ||
IRSA's Shareholders | 57,351 | 74,487 |
Non-Controlling interest | 743 | 735 |
EPS (Basic) | 72.70 | 92.12 |
EPS (Diluted) | 66.26 | 83.61 |
Balance Sheet | 06/30/2023 | 06/30/2022 |
Current Assets | 70,226 | 91,446 |
Non-Current Assets | 641,386 | 712,221 |
Total Assets | 711,612 | 803,667 |
Current Liabilities | 75,722 | 186,322 |
Non-Current Liabilities | 251,507 | 251,445 |
Total Liabilities | 327,229 | 437,767 |
Non-Controlling Interest | 22,330 | 23,443 |
Shareholders' Equity | 384,383 | 365,900 |
IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA), the
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SOURCE IRSA Inversiones y Representaciones S.A.
