IRSA Inversiones y Representaciones S.A announces its results for the second quarter of Fiscal Year 2026 ended December 31, 2025

HIGHLIGHTS

• The net result for the first half of fiscal year 2026 recorded a gain of ARS 248,817 million, compared to a loss of ARS 53,896 million in the same period of 2025. This was mainly driven by gains from changes in the fair value of investment properties.
• Adjusted EBITDA from rental segments reached ARS 147,190 million in the first half of 2026, increasing 4.9% compared to the same period of 2025.
• Shopping malls revenues and adjusted EBITDA grew 4.2% and 2.0%, respectively, during the first half of fiscal year 2026 compared to the same period of 2025.
• Occupancy of the premium office portfolio remained at 100% during the second quarter of the fiscal year, while the Hotels segment recorded an improvement in revenues and EBITDA.
• During the quarter, we advanced infrastructure works at Ramblas del Plata, where two additional lots were swapped for a total of USD 11.8 million. We also acquired a property located in the Flores neighborhood of the City of Buenos Aires for USD 6.8 million and continued progress on the development of the Distrito Diagonal project in La Plata.
• On December 17, 2025, we issued Series XXIV Additional Notes in the international markets for an aggregate principal amount of USD 180 million, maturing in 2035. The proceeds will be used to repay existing indebtedness and finance investment projects.
• On November 4, 2025, the Company distributed a cash dividend for ARS 173,788 million (10% dividend yield).

The Company's market capitalization as of December 31, 2025, was approximately USD 1,281 million. (77,419,015 GDS with a price per GDS of USD 16.54).