CRESUD S.A.C.I.F. y A. announces its results for the second quarter of Fiscal Year 2026 ended December 31, 2025

HIGHLIGHTS

• Net income for the first half of fiscal year 2026 reached ARS 193,932 million, compared to a loss of ARS 28,851 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 137,967 million, 19.0% lower than in the same period of 2025. Adjusted EBITDA from the agribusiness segments amounted to ARS 15,350 million, while the urban properties and investments business (through IRSA) contributed ARS 132,333 million.
• The 2026 regional agricultural campaign is progressing with good weather conditions and stable international commodity prices, although still at historically low levels. We planted 316,000 hectares in the region, 5.8% more than 2025 campaign.
• In Argentina, we achieved a record wheat harvest, while summer crops are developing under some weather-related challenges—mainly lack of rains in certain areas—although with signs of improvement in recent weeks.
• The livestock business continues to benefit from firm prices and strong margins, driven by stronger international demand and a domestic market aligned with this trend.
• During the quarter and subsequently, we issued Series L and Series LI Notes in the local market for a total amount of USD 117.2 million.
• On November 7, 2025, we distributed a dividend of ARS 93,782 million, consisting of ARS 65,080 million in cash and ARS 28,702 million in IRSA shares (~8% dividend yield). 

Financial Highlights
(In millions of Argentine Pesos)
6M FY 2026 ended December 31, 2025