IRSA Inversiones y Representaciones Sociedad Anónima Q3 2025 Earnings Call Transcript: Company Posts Gain of ARS35 Billion, Tenant Sales Increase by 13.4%

IRSA Inversiones y Representaciones Sociedad Anónima reported a Q3 2025 gain of ARS35 billion, reversing the previous six months' loss of ARS40 billion. Tenant sales increased 13.4% YoY, with a 4.6% decline in the nine-month period compared to the previous year. The company sees a positive trend going forward.

IRSA Inversiones y Representaciones S.A. (IRS, BYMA: IRSA) has reported a significant turnaround in its financial performance for the third quarter of Fiscal Year 2025. The company announced a net result of ARS 35,063 million, reversing the previous six months' loss of ARS 174,216 million [1].

Key highlights of the quarter include a notable improvement in tenant sales, which grew by 13.4% year-over-year (YoY) compared to the same period in 2024. The shopping malls segment's adjusted EBITDA reached ARS 147,914 million for the nine-month period, a 9.7% increase from the same period in 2024. The company also maintained full occupancy of its premium office portfolio during the quarter [1].

However, the Hotels segment experienced lower revenues and occupancy due to the greater appreciation of the Argentine peso against the dollar. Despite this, IRSA has signed sale and exchange agreements for eleven lots of the Ramblas del Plata project, with an estimated sellable area of 95,000 sqm for USD 66.1 million [1].

During the quarter, IRSA issued the Series XXIV Notes in the international market for USD 300 million, maturing in 2035. The funds will be used to cancel existing liabilities and finance investment projects. The company's market capitalization as of March 31, 2025, was approximately USD 977 million [1].

IRSA Inversiones y Representaciones S.A. has invited investors to participate in its IIIQ FY 2025 Results Conference Call on Wednesday, May 7, 2025, at 11:00 AM US Eastern Time / 12:00 PM BA Time [1].

References:
[1] https://quantisnow.com/insight/irsa-inversiones-y-representaciones-sa-announces-its-results-for-the-third-quarter-of-fiscal-6022111
[2] https://www.morningstar.com/news/pr-newswire/20250506mx81731/irsa-inversiones-y-representaciones-sa-announces-its-results-for-the-third-quarter-of-fiscal-year-2025-ended-march-31-2025