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IRSA Inversiones y Representaciones S.A. Reports Q2 FY2026 Results

IRSA Inversiones y Representaciones S.A., Argentina's premier real estate company, has published its financial results for the second quarter of fiscal year 2026, concluding on December 31, 2025. This significant period marked a noteworthy transformation in the company's performance, reflecting a strong recovery in the real estate sector following previous challenges.

Financial Highlights

The company recorded a net profit of ARS 248,817 million during the first half of fiscal year 2026, which is a dramatic turnaround from a loss of ARS 53,896 million experienced in the same timeframe of 2025. This leap in profitability was bolstered by considerable gains from adjustments in the fair values of its investment properties.

Additionally, the Adjusted EBITDA from rental segments stood at ARS 147,190 million, showcasing a 4.9% increase compared to the first half of fiscal year 2025. Both shopping mall revenues and their corresponding adjusted EBITDA rose by 4.2% and 2.0% respectively, underscoring a robust recovery in consumer spending.

Strategic Developments

From a strategic standpoint, IRSA reported that its premium office portfolio achieved a 100% occupancy rate throughout the second quarter, signaling strong demand for high-quality workspace. The company's hotel segment also witnessed an uptick in revenue, indicating a recovery in travel and tourism activities.

In an aggressive push for infrastructure growth, the company made significant advancements at Ramblas del Plata, swapping for additional lots valued at USD 11.8 million. Furthermore, they acquired a property in the Flores neighborhood of Buenos Aires for USD 6.8 million and continued to make progress on the Distrito Diagonal project located in La Plata, enhancing their portfolio through strategic acquisitions and ongoing developments.

On December 17, 2025, IRSA issued Series XXIV Additional Notes in international markets for an aggregate amount of USD 180 million, set to mature in 2035. The proceeds from this bond issuance are earmarked for debt repayment and the financing of forthcoming investment projects, reflecting IRSA’s commitment to maintaining a healthy balance sheet while stimulating growth.

Lastly, the company distributed a cash dividend amounting to ARS 173,788 million or a 10% yield to its shareholders on November 4, 2025, affirming its dedication to delivering value to investors despite the challenges posed in previous years.

Looking Ahead

IRSA Inversiones y Representaciones S.A., which has a market capitalization estimated at USD 1,281 million as of December 31, 2025, continues to position itself as a leader within Argentina's real estate market. The company invites stakeholders and interested parties to join its upcoming conference call scheduled for February 5, 2026, at 9:00 AM ET to discuss these results in depth.

With a steadfast focus on quality assets and strategic expansion, IRSA is poised to navigate the ongoing changes within the Argentine economy while delivering sustainable growth and shareholder value.