IRSA Inversiones y Representaciones S.A announces today its results for the Fiscal Year 2025 ended June 30, 2025
HIGHLIGHTS
- Net income for fiscal year 2025 amounted to ARS 196,118 million, compared to a loss of
ARS 32,141 million in the previous year. - Revenues increased by 2.3% during fiscal year 2025 compared to 2024, and Rental Adjusted EBITDA reached ARS 234,697 million:
ARS 210,741 million from Shopping Malls,ARS 15,584 million from Offices, andARS 8,372 million from Hotels, decreasing 2% compared to fiscal year 2024. - Revenues and Adjusted EBITDA of Shopping Malls' Segment grew 8% and 10%, respectively in FY 2025 compared to the previous year, while portfolio occupancy remained close to 98%. Tenant sales, after a first half marked by weak consumption, strongly recovered in the second half of the year, closing the fiscal year with a slight decline of 2.8%.
- During the year, we acquired Terrazas de Mayo shopping center and an adjoining property to
Alto Avellaneda with future expansion potential. In addition, we started construction of a new open-air shopping mall in La Plata, one of the most populous cities in the country, which until now had no large-scale mall. - In Offices, the sector showed a greater return to on-site work, boosting demand for premium spaces. Our Class A+ and A buildings reached almost full occupancy. We completed a new sale at the 261 Della Paolera building, reducing the portfolio to 58,000 sqm of GLA.
- During the year, we started infrastructure works and progressed in the commercialization of Stage I of our flagship project: Ramblas del Plata. We signed 13 transactions (2 cash sales and 11 swap agreements), totaling approximately 111,000 saleable sqm for an estimated value of
USD 81 million . - In financial matters, we returned to the international capital markets after nearly a decade with the issuance of Series XXIV Notes for
USD 300 million , 10 years term.
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Financial Highlights |
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(In millions of Argentine Pesos) |
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FY 2025 |
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Income Statement |
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Revenues |
468,526 |
458,059 |
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Consolidated Gross Profit |
284,790 |
305,755 |
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Net result from changes in the fair value of investment properties |
(2,500) |
(488,794) |
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Consolidated Result from Operations |
172,615 |
(265,867) |
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Result for the Period |
196,118 |
(32,141) |
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Attributable to: |
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IRSA's Shareholders |
195,182 |
(25,621) |
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Non-Controlling interest |
936 |
(6,520) |
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EPS (Basic) |
261.29 |
(34.53) |
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EPS (Diluted) |
238.90 |
(34.53) |
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Balance Sheet |
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Current Assets |
562,836 |
317,494 |
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Non-Current Assets |
2,799,233 |
2,807,977 |
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Total Assets |
3,362,069 |
3,125,471 |
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Current Liabilities |
338,831 |
383,285 |
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Non-Current Liabilities |
1,351,271 |
1,135,457 |
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Total Liabilities |
1,690,102 |
1,518,742 |
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Non-Controlling Interest |
94,163 |
102,883 |
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Shareholders' Equity |
1,671,967 |
1,606,729 |
To access the Webinar:
https://zoom.us/webinar/register/WN_iMD2hGUESA-A5JwtGmBevQ
Webinar ID: 927 0140 4250
Password: 770361
In addition, you can participate communicating to this numbers:
US: +1 564 217 2000 or +1 646 931 3860 or +1 669 444 9171 or +1 669 900 6833 or +1 689 278 1000
Investor Relations Department.
+ 5411 4323-7449
https://www.irsa.com.ar/en/investors/
Follow us on X @irsair
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