BUENOS AIRES, Argentina, September 2, 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 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, and ARS 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.
Financial Highlights
|
(In millions of Argentine Pesos)
|
FY 2025
|
|
Income Statement
| 06/30/2025
| 06/30/2024
|
Revenues
| 468,526
| 458,059
|
Consolidated Gross Profit
| 284,790
| 305,755
|
Net result from changes in the fair value of investment properties
| (2,500)
| (488,794)
|
Consolidated Result from Operations
| 172,615
| (265,867)
|
Result for the Period
| 196,118
| (32,141)
|
|
|
|
Attributable to:
|
|
|
IRSA's Shareholders
| 195,182
| (25,621)
|
Non-Controlling interest
| 936
| (6,520)
|
|
|
|
EPS (Basic)
| 261.29
| (34.53)
|
EPS (Diluted)
| 238.90
| (34.53)
|
|
|
|
Balance Sheet
| 06/30/2025
| 06/30/2024
|
Current Assets
| 562,836
| 317,494
|
Non-Current Assets
| 2,799,233
| 2,807,977
|
Total Assets
| 3,362,069
| 3,125,471
|
Current Liabilities
| 338,831
| 383,285
|
Non-Current Liabilities
| 1,351,271
| 1,135,457
|
Total Liabilities
| 1,690,102
| 1,518,742
|
Non-Controlling Interest
| 94,163
| 102,883
|
Shareholders' Equity
| 1,671,967
| 1,606,729
|
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 FY 2025 Results Conference Call on Thursday, September 4, 2025, at 12:00 PM US Eastern Time / 01:00 PM BA Time.
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:
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
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
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
[email protected]
https://www.irsa.com.ar/en/investors/
Follow us on X @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.