Argentina · Delayed Price · Currency is ARS IRSA Inversiones y Representaciones Sociedad Anónima Earnings Call Transcripts
Fiscal Year 2026
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Net gain of ARS 248.8 billion driven by property revaluation, with strong operational results in malls, offices, and hotels. Expansion projects and M&A are planned, supported by a robust cash position and conservative leverage.
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Fiscal 2026 opened with a strong ARS 163.4 billion gain, driven by property revaluations and rental growth. Portfolio expansion continued with new acquisitions, while a 10% dividend was distributed. Optimism prevails for improved consumer confidence and sector recovery.
Fiscal Year 2025
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Fiscal year 2025 saw a strong turnaround with ARS 196 billion net income, robust shopping mall recovery, and major real estate transactions. Conservative debt, ongoing ESG progress, and continued dividends position the company well despite macroeconomic volatility.
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Q3 FY2025 saw a strong turnaround with ARS 35 billion net gain, record shopping mall EBITDA, and robust office occupancy. Major projects like Ramblas del Plata advanced, while conservative leverage and new bond issuance position the company for future growth.
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Net loss of ARS 41 billion driven by non-cash property revaluations, but shopping malls and offices showed operational recovery and strong occupancy. Major acquisitions and residential project progress support a positive outlook, with conservative debt and robust liquidity.
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Adjusted EBITDA fell 8.8% sequentially, with a net loss driven by non-cash property revaluations. Shopping malls and offices maintained high occupancy, while hotels saw lower performance. Dividend yield reached 8%, and the residential market shows strong momentum.
Fiscal Year 2024
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Rental adjusted EBITDA rose 8.8% year-over-year, with strong occupancy across all segments and aggressive capital returns. Net loss was driven by non-cash fair value adjustments amid high inflation and currency volatility. Major new projects and continued dividends are planned.