BUENOS
AIRES, Argentina, Nov. 6, 2024
/PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE:
IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the
first quarter of the Fiscal Year 2025 ended September 30, 2024.
HIGHLIGHTS
- The net result for the first quarter of fiscal year 2025
recorded a loss of ARS 109,135
million compared to a gain of ARS
250,538 million in the same period of the previous year,
mainly due to the loss recorded due to changes in the fair value of
investment properties. This is an accounting effect that does not
involve cash movements.
- Real tenant sales in Shopping Centers recovered slightly
compared to previous quarters, although they fell 12.1% compared to
the first quarter of fiscal year 2024. The adjusted EBITDA of the
segment reached ARS 41,116 million,
in line with the same quarter of the previous year.
- The average occupancy of the premium office portfolio rose to
97.9% in the quarter mainly due to the improvement in the occupancy
of Dot Building.
- The Hotels segment reduced its income and occupancy levels in
the first quarter of fiscal year 2025 compared to 2024 due to lower
exchange competitiveness in Argentina.
- During the quarter we acquired a property adjacent to the Alto
Avellaneda shopping center for its future expansion for
USD 12.2 million and subsequently, we
sold an additional floor of the Della Paolera 261 building for
USD 7.1 million.
- On October 28, 2024, the
Shareholders' Meeting approved the distribution of a cash dividend
of ARS 90,000 million (dividend yield
8%) and own shares in the portfolio, representing approximately
3.6% of the stock capital.
|
Financial
Highlights
|
|
(In millions of
Argentine Pesos)
|
|
3M FY 2025
|
|
|
|
|
Income
Statement
|
09/30/2024
|
09/30/2023
|
|
Revenues
|
89,873
|
94,939
|
|
Consolidated Gross
Profit
|
57,415
|
64,045
|
|
Net result from changes
in the fair value of investment properties
|
(225,499)
|
316,084
|
|
Consolidated Profit /
(Loss) from Operations
|
(187,584)
|
375,142
|
|
Result for the
Period
|
(109,035)
|
250,538
|
|
|
|
|
Attributable
to:
|
|
|
|
IRSA's
Shareholders
|
(105,646)
|
238,061
|
|
Non-Controlling
interest
|
(3,389)
|
12,477
|
|
|
|
|
EPS (Basic)
|
(145.92)
|
323.89
|
|
EPS
(Diluted)
|
(145.92)
|
319.12
|
|
|
|
|
Balance
Sheet
|
09/30/2024
|
06/30/2024
|
|
Current
Assets
|
257,290
|
255,350
|
|
Non-Current
Assets
|
2,029,205
|
2,258,362
|
|
Total
Assets
|
2,286,495
|
2,513,712
|
|
Current
Liabilities
|
313,785
|
308,258
|
|
Non-Current
Liabilities
|
807,193
|
913,213
|
|
Total
Liabilities
|
1,120,978
|
1,221,471
|
|
Non-Controlling
Interest
|
75,902
|
82,744
|
|
Shareholders'
Equity
|
1,165,517
|
1,292,241
|
The Company's market capitalization as of September 30, 2024, was approximately
USD 850 million. (74,689,314 GDS with
a price per GDS of USD 11.38).
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 IQ FY 2025 Results Conference
Call on Thursday, November 7, 2024,
at 9:00 AM US Eastern Time /
11:00 AM BA Time.
To access the
Webinar:
https://zoom.us/webinar/register/WN_lu10OyeLSwynigZM4LyFeQ#
Webinar ID: 924 0981 1991
Password: 525894
In addition, you can participate communicating to this
numbers:
Argentina:
+54 112 040 0447 or +54 115 983 6950 or +54 341 512 2188 or +54 343
414 5986
Israel: +972 3
978 6688 or +972 2 376 4509 or +972 2 376 4510
Brazil: +55 11 4632 2237 or +55 11
4680 6788 or +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632
2236
United States of America: +1 564
217 2000 or +1 646 931 3860 or +1 669 444 9171 or +1 669 900 6833
or +1 689 278 1000
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
ir@irsa.com.ar
https://www.irsa.com.ar/home-inversores.php?lng=en
Follow us on X @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.