CRESUD S.A.C.I.F. y A. announces its results for Fiscal Year 2024, ended June 30, 2024

BUENOS AIRES, Argentina, Sept. 5, 2024 /PRNewswire/ -- CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES), leading Latin American agricultural company, announces today its results for the Fiscal Year 2024 ended June 30, 2024.

HIGHLIGHTS

• The net result for fiscal year 2024 recorded a gain of ARS 104,129 million compared to a gain of ARS 279,709 million in 2023.
• The company's adjusted EBITDA reached ARS 256,396 million in fiscal year 2024, ARS 80,066 million from the agricultural business and ARS 176,330 million from the urban properties and investments business, increasing 23.5% compared to fiscal year 2023.
• We concluded a campaign with productive challenges in the region and lower commodity prices. We planted 277,000 hectares in the region producing 707,000 tons of grains, 7% below last season due to lack of rains in the north of Argentina and in the areas where Brasilagro produces, impacting our yields.
• Livestock activity, focused on own farms in the Northwest of Argentina and Brazil, closed the year with high levels of meat production and very good results due to a significant improvement in prices in Argentina.
• During the year we sold 3 fractions of farms in the region for a total amount of USD 75 million, generating a profit of approximately USD 48 million.
• During the year, we distributed cash dividends for a total amount of ARS 52,000 million and in IRSA shares for 22.1 million, in addition to treasury shares distributed for approximately 1% of the stock capital.

Financial Highlights
(In millions of Argentine Pesos)
FY 2024 ended June 30, 2024
Income Statement	06/30/2024	06/30/2023
Agricultural Business Revenue	384,487	378,132
Agricultural Business Gross Profit	73,324	49,272
Urban Properties Revenues	270,550	268,627
Urban Properties Gross Profit	221,659	219,262
Consolidated Gross Profit	291,553	264,792
Consolidated Result from Operations	-122,487	-92,287
Result for the Period	104,729	279,709
Attributable to:
Cresud's Shareholders	84,576	156,874
Non-Controlling interest	20,153	122,835
EPS (Basic)	142.77	260.59
EPS (Diluted)	120.52	229.01
Balance Sheet	06/30/2024	06/30/2023
Current Assets	706,400	798,558
Non-Current Assets	2,766,711	3,174,406
Total Assets	3,473,111	3,972,964
Current Liabilities	657,605	741,090
Non-Current Liabilities	1,251,596	1,448,046
Total Liabilities	1,909,201	2,189,136
Non-Controlling Interest	867,667	1,010,945
Shareholders' Equity	1,563,910	1,783,828

CRESUD, leading Argentinean agricultural company with a growing presence in Latin American countries, cordially invites you to participate in its Fiscal Year 2024 Results Conference Call on Monday, September 9, 2024, at 9:00 AM Eastern Time / 10:00 AM BA Time.

To access the Webinar:

https://zoom.us/webinar/register/WN_t_GRmOKbQNyAL133fKZaww

Webinar ID: 918 2283 3661
Password: 161763

In addition, you can participate communicating to this numbers:

Argentina: [phone] or [phone] or [phone] or [phone]
Israel: [phone] or [phone] or [phone]
Brazil: [phone] or [phone] or [phone] or [phone] or [phone]
US: [phone] or [phone] or [phone] or [phone] or [phone]
Chile: [phone] or [phone] or [phone] or [phone] or [phone]

Investor Relations Department.
https://www.cresud.com.ar/home-inversores.php?lng=en
Cresud S.A.C.I.F. y A.
[phone]
[email protected]
Follow us on X: @cresudir

SOURCE CRESUD S.A.C.I.F. y A.