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IRSA Inversiones y Representaciones S.A announces its results for the third quarter of Fiscal Year 2025 ended March 31, 2025

News Provided by PR Newswire2025-05-06

IRSA Inversiones y Representaciones S.A announces its results for the third quarter of Fiscal Year 2025 ended March 31, 2025

[06-May-2025]

BUENOS AIRES, Argentina, May 6, 2025 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the third quarter of the Fiscal Year 2025 ended March 31, 2025.

HIGHLIGHTS

The net result for the nine-month period of fiscal year 2025 recorded a profit of ARS 35,063 million compared to a loss of ARS 174,216 million in the same period of the previous year.
The shopping malls continued their recovery process and observed very good results in the third quarter of fiscal year 2025. Tenant sales grew by 13.4% compared to the same quarter in 2024, and portfolio occupancy increased to 98.1%. The segment's adjusted EBITDA reached ARS 147,914 million in the nine-month period, 9.7% higher than the same period in 2024.
We maintained full occupancy of our premium office portfolio in the third quarter of FY25.
The Hotels segment recorded lower revenues and occupancy in a context of greater appreciation of the Argentine peso against the dollar.
During the quarter and thereafter, we signed sale and exchange agreements for eleven lots of the Ramblas del Plata project, with an estimated sellable area of 95,000 sqm for USD 66.1 million.
During the quarter, we issued the Series XXIV Notes in the international market for USD 300 million, maturing in 2035. The funds will be used to cancel existing liabilities and finance investment projects.

Financial Highlights

(In millions of Argentine Pesos)

9M FY 2025

Income Statement	03/31/2025	03/31/2024
Revenues	336,028	333,013
Consolidated Gross Profit	205,352	225,202
Net result from changes in the fair value of investment properties	(141,903)	(601,653)
Consolidated Result from Operations	(5,458)	(430,212)
Result for the Period	35,063	(174,216)

Attributable to:
IRSA's Shareholders	33,417	(163,611)
Non-Controlling interest	1,646	(10,605)

EPS (Basic)	45.10	(219.61)
EPS (Diluted)	39.45	(219.61)

Balance Sheet	03/31/2025	06/30/2024
Current Assets	556,717	299,487
Non-Current Assets	2,502,063	2,648,718
Total Assets	3,058,780	2,948,205
Current Liabilities	386,604	361,541
Non-Current Liabilities	1,246,434	1,071,061
Total Liabilities	1,633,038	1,432,602
Non-Controlling Interest	89,918	97,045
Shareholders' Equity	1,425,742	1,515,603

The Company's market capitalization as of March 31, 2025, was approximately USD 977 million. (75,769,996 GDS with a price per GDS of USD 12.90).

IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA), the Argentina's largest, most well-diversified real estate company, cordially invites you to participate in its IIIQ FY 2025 Results Conference Call on Wednesday, May 7, 2025, at 11:00 AM US Eastern Time / 12:00 PM BA Time.

To access the Webinar:

https://zoom.us/webinar/register/WN_39X4CQ9QS260Oym25aXaHg

Webinar ID: 932 6260 4326

Password: 622331

In addition, you can participate communicating to this numbers:

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Chile: +56 22 573 9305 or +56 23 210 9066 or +56 232 938 848 or +56 41 256 0288 or +56 22 573 9304

Investor Relations Department.

+ 5411 4323-7449