#Argentina #Buenos Aires #Real Estate #IRSA

IRSA Inversiones y Representaciones S.A. Reports FY 2025 Results

IRSA Inversiones y Representaciones S.A., a premier real estate firm in Argentina, has recently unveiled its financial performance for the fiscal year 2025, which ended on June 30, 2025. The company demonstrated a remarkable turnaround, showcasing a significant rebound from losses in the previous year, marking a pivotal moment in its business recovery.

Financial Highlights

The key highlights from IRSA’s fiscal year 2025 performance include:

• - Net Income: The company recorded a net income of ARS 196,118 million, a drastic improvement from the loss of ARS 32,141 million experienced in the fiscal year 2024.
• - Revenue Growth: Revenues saw a modest increase of 2.3%, reaching ARS 468,526 million, compared to ARS 458,059 million the previous year. Furthermore, the Rental Adjusted EBITDA climbed to ARS 234,697 million.
• - Segment Performance: Specifically, the revenues from Shopping Malls rose by 8%, while the contribution to EBITDA increased by 10%. Despite a challenging first half marked by lower consumer spending, tenant sales surged in the latter half, resulting in an overall decline of only 2.8% for the fiscal year 2025.

Strategic Acquisitions and Developments

In fiscal year 2025, IRSA made key strategic acquisitions to bolster its market position:

• - The company acquired the Terrazas de Mayo shopping center and an adjacent property for potential expansion near Alto Avellaneda.
• - Notably, IRSA commenced construction on a new open-air shopping mall in La Plata, addressing the demand for such retail spaces in this densely populated city that previously lacked large-scale mall facilities.

Office and Real Estate Developments

The office real estate sector within IRSA’s portfolio also experienced a resurgence as companies gradually returned to on-site work. The demand for premium office spaces in IRSA's Class A+ and A buildings approached full occupancy levels. Significant transactions included the sale of the 261 Della Paolera building, which reduced the office portfolio’s total gross leasable area.

In addition to these moves, the company initiated infrastructure development and commercial activities for its flagship real estate project, Ramblas del Plata, signing 13 new transactions valued at approximately USD 81 million.

Return to Capital Markets

Moreover, IRSA returned to the international capital markets after a hiatus of almost a decade. The issuance of Series XXIV Notes for USD 300 million with a term of 10 years symbolizes a renewed confidence in IRSA’s financial status and market potential.

Conclusion

The latest results showcase IRSA Inversiones y Representaciones S.A.'s ability to navigate the complexities of the Argentine real estate market and highlights its ongoing commitment to expansion and profitability. As the company prepares for its FY 2025 Results Conference Call on September 4, 2025, stakeholders will be eager to learn more about future strategies as IRSA continues on its path to recovery and growth in the Argentinian property sector.