Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRES) investor relations material

Executive summary

• FY26 net income reached ARS 372,280 million, up 24.2% year-over-year, driven by agribusiness and urban property results.

• Record grain production exceeded 1 million tons, with planted area up 5%; Argentina delivered strong results while Brazil faced sugarcane challenges.

• Livestock achieved record cattle production, prices, and margins, supported by feedlot intensification and infrastructure investments.

• Issued USD 256 million in notes, reducing financing costs and extending maturities; distributed ARS 93,800 million in dividends, with an ~8% yield.

• Real estate milestones included the first productive-lot sale at Los Pozos and a partial sale at Morotí, Paraguay.

Financial highlights

• Consolidated revenues rose 13% to ARS 1,379,363 million.

• Operating income increased 77.2% to ARS 428,104 million.

• Net income attributable to equity holders rose 38% to ARS 177,256 million.

• Adjusted EBITDA declined 23.1% to ARS 273,263 million, reflecting lower farmland sales and agribusiness margins.

• Net financial result was ARS 63,805 million.

Outlook and guidance

• Favorable 2027 crop-season outlook, with El Niño expected to bring good rainfall across productive regions.

• Focus remains on increasing planted area, operational efficiency, and profitability per hectare.

• Livestock is expected to maintain high production and margins; IRSA plans to advance development projects.

• Continued agricultural real estate portfolio rotation and expansion of agribusiness services, especially in Brazil.