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Cresud S.A.C.I.F. y A. Reports Significant Growth in Q3 2026

Cresud S.A.C.I.F. y A., a prominent player in the Argentine agricultural sector, recently unveiled its financial performance for the third quarter of Fiscal Year 2026, concluding on March 31, 2026. This quarterly report highlights a robust growth trajectory, significantly influenced by the company's agricultural operations and urban property investments.

Financial Performance Highlights

During the nine-month period of FY 2026, Cresud achieved an impressive net income of ARS 231,308 million, marking a substantial increase compared to ARS 77,358 million in the same period of FY 2025. This surge was heavily supported by the successful performance of the Urban Properties and Investments sector, specifically through its subsidiary IRSA.

The adjusted EBITDA for the reviewed period was recorded at ARS 202,839 million, reflecting a 12% decrease from the previous year. The agribusiness sector contributed ARS 13,646 million, while urban properties and investments showcased a healthy gain of ARS 214,587 million.

Agricultural Sector Success

The 2026 agricultural campaign has been largely favorable, with Cresud reporting the planting of 311,000 hectares, which is a 4.2% increase compared to the prior campaign. The Argentine yield shows promising results, featuring record wheat production alongside robust summer crops such as soybeans and corn. These accomplishments underscore the nation's agricultural strength despite challenges faced by some sectors.

Conversely, BrasilAgro has encountered a more complex landscape impacted by adverse weather conditions and tighter profit margins. Nonetheless, livestock activities remain buoyant, buoyed by positive cattle prices driven by both local market demand and international markets, leading to solid production margins.

Capital Structure and Market Position

Following the quarter’s conclusion, Cresud successfully issued Series LII and LIII notes within the local market, amounting to USD 64.2 million. This proactive financial strategy serves to lower the average cost of financing for the company, enhancing its capital structure.

As of March 31, 2026, Cresud’s market capitalization was estimated at approximately USD 902.2 million, with shares trading at an ADS price of USD 12.72. These figures reflect the shareholders’ confidence and the strategic positioning of Cresud within the agricultural sector.

Looking Ahead

Cresud extends an invitation to stakeholders for its upcoming Q3 FY 2026 Results Conference Call scheduled for May 8, 2026. The event aims to provide further insights into the financial outcomes and operational strategies going forward. Investors are encouraged to participate via Webinar or telephone.

This report reveals Cresud S.A.C.I.F. y A.’s significant strides amid a challenging economic environment, showcasing the company’s resilience and commitment to sustainable agricultural practices. Despite the hurdles, Cresud continues to navigate its business with a determined focus on growth, leveraging its assets to foster investor confidence and market stability.

For more information on Cresud's operations and upcoming events, you can access the Cresud Investor Relations page.