Cresud S.A. Reports Q3 Net Profit of ARS 57,895 Million, Up 44% YoY.

Cresud S.A.C.I.F. y A. reported a profit of ARS 57,895 million for the nine-month period ended March 31, 2025, compared to a loss of ARS 39,987 million in the same period of 2024. Adjusted EBITDA for the agricultural business was ARS 31,072 million, while the urban properties and investments business recorded ARS 156,380 million. The company expects to produce approximately 867,000 tons of grains, a 23% increase from the previous campaign.

Cresud S.A.C.I.F. y A. (CRESY, BYMA: CRES), a leading Argentine agricultural company, has reported a significant improvement in its financial performance for the nine-month period ended March 31, 2025. The company reported a net profit of ARS 57,895 million, compared to a loss of ARS 39,987 million in the same period of 2024. This marks a substantial turnaround in the company's financial health [2].

The agricultural business segment contributed significantly to this improvement, with an adjusted EBITDA of ARS 31,072 million. The urban properties and investments business, through IRSA, recorded an EBITDA of ARS 156,380 million. These strong financial results are a testament to the company's effective management and strategic initiatives [2].

Cresud's agricultural business is expected to produce approximately 867,000 tons of grains in the 2025 campaign, representing a 23% increase from the previous campaign. This growth is attributed to favorable weather conditions and sustained commodity prices. Additionally, the company reported the sale of portions of its farms in Argentina and Brazil, generating USD 2.2 million and BRL 189.4 million, respectively [2].

The company's market capitalization as of March 31, 2025, was approximately USD 653.5 million, reflecting investor confidence in the company's turnaround and future prospects. Cresud has invited investors to participate in its third quarter of the FY 2025 Results Conference Call on Monday, May 12, 2025 [2].

References:
[1] https://quantisnow.com/insight/sec-form-6k-filed-by-cresud-sacif-y-a-6026799
[2] https://www.prnewswire.com/news-releases/cresud-sacif-y-a-announces-its-results-for-the-third-quarter-of-fiscal-year-2025-ended-march-31-2025-302451160.html