CRESUD S.A.C.I.F. y A. announces its results for Fiscal Year 2024, ended June 30, 2024
CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES), a leading Latin American agricultural company, has announced its results for Fiscal Year 2024 ended June 30, 2024. The company reported a net gain of ARS 104,129 million, down from ARS 279,709 million in 2023. Adjusted EBITDA reached ARS 256,396 million, increasing 23.5% compared to the previous year. Despite productive challenges and lower commodity prices, CRESUD planted 277,000 hectares, producing 707,000 tons of grains. The company's livestock activity showed strong performance with high meat production and improved prices in Argentina. CRESUD also sold farm fractions for USD 75 million, generating a profit of USD 48 million. The company distributed cash dividends totaling ARS 52,000 million and IRSA shares worth 22.1 million.
CRESUD S.A.C.I.F. e A. (NASDAQ:CRESY, ByMA:CRES), una delle principali aziende agricole dell'America Latina, ha annunciato i suoi risultati per l'anno fiscale 2024 conclusosi il 30 giugno 2024. L'azienda ha riportato un guadagno netto di ARS 104.129 milioni, in calo rispetto ai ARS 279.709 milioni del 2023. L'EBITDA rettificato ha raggiunto ARS 256.396 milioni, con un incremento del 23,5% rispetto all'anno precedente. Nonostante le sfide produttive e il calo dei prezzi delle materie prime, CRESUD ha coltivato 277.000 ettari, producendo 707.000 tonnellate di cereali. L'attivit脿 zootecnica dell'azienda ha mostrato prestazioni solide con un'alta produzione di carne e prezzi migliorati in Argentina. CRESUD ha anche venduto frazioni agricole per USD 75 milioni, generando un profitto di USD 48 milioni. L'azienda ha distribuito dividendi in contante per un totale di ARS 52.000 milioni e azioni di IRSA del valore di 22,1 milioni.
CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES), una de las principales empresas agr铆colas de Am茅rica Latina, ha anunciado sus resultados para el A帽o Fiscal 2024 que finaliz贸 el 30 de junio de 2024. La empresa report贸 una ganancia neta de ARS 104.129 millones, una disminuci贸n desde los ARS 279.709 millones en 2023. El EBITDA ajustado alcanz贸 ARS 256.396 millones, aumentando un 23,5% en comparaci贸n con el a帽o anterior. A pesar de los desaf铆os productivos y la ca铆da de los precios de las materias primas, CRESUD sembr贸 277.000 hect谩reas, produciendo 707.000 toneladas de granos. La actividad ganadera de la empresa mostr贸 un s贸lido rendimiento con alta producci贸n de carne y precios mejorados en Argentina. CRESUD tambi茅n vendi贸 fracciones agr铆colas por USD 75 millones, generando una ganancia de USD 48 millones. La empresa distribuy贸 dividendos en efectivo por un total de ARS 52.000 millones y acciones de IRSA por un valor de 22,1 millones.
CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES)電� 霛柬嫶 鞎勲⿺毽勾鞚� 欤检殧 雴嶌梾 旮办梾鞙茧, 2024 須岅硠雲勲弰(2024雲� 6鞗� 30鞚� 膦呺)鞚� 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 鞚� 須岇偓電� 2023雲勳潣 ARS 279,709million鞐愳劀 臧愳唽頃� ARS 104,129million鞚� 靾滌澊鞚奠潉 氤搓碃頄堨姷雼堧嫟. 臁办爼霅� EBITDA電� ARS 256,396million鞐� 霃勲嫭頃橃棳 鞝勲厔 雽�牍� 23.5% 歃濌皜頄堨姷雼堧嫟. 靸濎偘靸侅潣 霃勳爠瓿� 鞗愳瀽鞛� 臧�瓴� 頃橂澖鞐愲弰 攵堦惮頃橁碃, CRESUD電� 277,000項ロ儉毳措ゼ 鞁柎 707,000韱れ潣 瓿‰鞚� 靸濎偘頄堨姷雼堧嫟. 須岇偓鞚� 於曥偘 頇滊彊鞚� 鞎勲ゴ項嫲雮橃棎靹� 雴掛潃 瓿犼赴 靸濎偘霟夑臣 臧滌劆霅� 臧�瓴╈溂搿� 臧曤牓頃� 靹标臣毳� 氤挫榾鞀惦媹雼�. CRESUD電� 霕愴暅 USD 75million鞐� 雴嶌灔 攵�攵勳潉 韺愲Г頃橃棳 USD 48million鞚� 鞚挫澋鞚� 彀届稖頄堨姷雼堧嫟. 鞚� 須岇偓電� ARS 52,000million鞐� 雼晿電� 順勱笀 氚半嫻旮堨潉 攵勲鞍頄堨溂氅� IRSA 欤检嫕 臧�旃橂姅 22.1million鞛呺媹雼�.
CRESUD S.A.C.I.F. et A. (NASDAQ:CRESY, ByMA:CRES), une entreprise agricole leader en Am茅rique latine, a annonc茅 ses r茅sultats pour l'exercice fiscal 2024 se terminant le 30 juin 2024. L'entreprise a d茅clar茅 un gain net de 104.129 millions ARS, en baisse par rapport 脿 279.709 millions ARS en 2023. L'EBITDA ajust茅 a atteint 256.396 millions ARS, en hausse de 23,5 % par rapport 脿 l'ann茅e pr茅c茅dente. Malgr茅 les d茅fis de production et la baisse des prix des mati猫res premi猫res, CRESUD a plant茅 277.000 hectares, produisant 707.000 tonnes de c茅r茅ales. L'activit茅 d'茅levage de l'entreprise a montr茅 de solides performances avec une forte production de viande et des prix am茅lior茅s en Argentine. CRESUD a 茅galement vendu des fractions agricoles pour 75 millions USD, g茅n茅rant un b茅n茅fice de 48 millions USD. L'entreprise a distribu茅 des dividendes en esp猫ces d'un total de 52.000 millions ARS et des actions IRSA d'une valeur de 22,1 millions.
CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES), ein f眉hrendes Agrarunternehmen in Lateinamerika, hat seine Ergebnisse f眉r das Gesch盲ftsjahr 2024 zum 30. Juni 2024 bekannt gegeben. Das Unternehmen berichtete von einem Nettogewinn von ARS 104.129 Millionen, was einem R眉ckgang von ARS 279.709 Millionen im Jahr 2023 entspricht. Das bereinigte EBITDA erreichte ARS 256.396 Millionen und stieg im Vergleich zum Vorjahr um 23,5%. Trotz produktiver Herausforderungen und sinkender Rohstoffpreise hat CRESUD 277.000 Hektar bepflanzt und 707.000 Tonnen Getreide produziert. Die Viehzucht des Unternehmens zeigte eine starke Leistung mit hoher Fleischproduktion und verbesserten Preisen in Argentinien. CRESUD verkaufte au脽erdem landwirtschaftliche Fl盲chen im Wert von 75 Millionen USD, was einen Gewinn von 48 Millionen USD generierte. Das Unternehmen verteilte Bardividenden in H枚he von insgesamt 52.000 Millionen ARS und IRSA-Aktien im Wert von 22,1 Millionen.
- Adjusted EBITDA increased by 23.5% to ARS 256,396 million in FY 2024
- Livestock activity showed strong performance with high meat production and improved prices
- Farm sales generated a profit of USD 48 million
- Distributed cash dividends of ARS 52,000 million and IRSA shares worth 22.1 million
- Net gain decreased from ARS 279,709 million in FY 2023 to ARS 104,129 million in FY 2024
- Grain production decreased by 7% due to lack of rainfall in Argentina and Brazil
- Lower commodity prices impacted agricultural business performance
Insights
CRESUD's FY2024 results reveal a mixed performance. While net profit declined significantly from ARS 279,709M to ARS 104,129M, adjusted EBITDA increased by
The company's strategic land sales generated
CRESUD's agricultural performance reflects broader regional challenges. The
The company's pivot to livestock in northwest Argentina and Brazil proved strategic, capitalizing on rising meat prices. This diversification buffered against crop yield declines. The
HIGHLIGHTS
- The net result for fiscal year 2024 recorded a gain of
ARS 104,129 million compared to a gain ofARS 279,709 million in 2023. - The company's adjusted EBITDA reached
ARS 256,396 million in fiscal year 2024,ARS 80,066 million from the agricultural business andARS 176,330 million from the urban properties and investments business, increasing23.5% compared to fiscal year 2023. - We concluded a campaign with productive challenges in the region and lower commodity prices. We planted 277,000 hectares in the region producing 707,000 tons of grains,
7% below last season due to lack of rains in the north ofArgentina and in the areas where听Brasilagro produces, impacting our yields. - Livestock activity, focused on own farms in the Northwest of
Argentina andBrazil , closed the year with high levels of meat production and very good results due to a significant improvement in prices inArgentina . - During the year we sold 3 fractions of farms in the region for a total amount of
USD 75 million , generating a profit of approximatelyUSD 48 million . - During the year, we distributed cash dividends for a total amount of
ARS 52,000 million and in IRSA shares for 22.1 million, in addition to treasury shares distributed for approximately1% of the stock capital.
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Financial Highlights | ||
(In millions of Argentine Pesos) | ||
FY 2024 ended June 30, 2024 | ||
Income Statement | 06/30/2024 | 06/30/2023 |
Agricultural Business Revenue | 384,487 | 378,132 |
Agricultural Business Gross Profit | 73,324 | 49,272 |
Urban Properties Revenues | 270,550 | 268,627 |
Urban Properties Gross Profit | 221,659 | 219,262 |
Consolidated Gross Profit | 291,553 | 264,792 |
Consolidated Result from Operations | -122,487 | -92,287 |
Result for the Period | 104,729 | 279,709 |
Attributable to: | ||
Cresud's Shareholders | 84,576 | 156,874 |
Non-Controlling interest | 20,153 | 122,835 |
EPS (Basic) | 142.77 | 260.59 |
EPS (Diluted) | 120.52 | 229.01 |
Balance Sheet | 06/30/2024 | 06/30/2023 |
Current Assets | 706,400 | 798,558 |
Non-Current Assets | 2,766,711 | 3,174,406 |
Total Assets | 3,473,111 | 3,972,964 |
Current Liabilities | 657,605 | 741,090 |
Non-Current Liabilities | 1,251,596 | 1,448,046 |
Total Liabilities | 1,909,201 | 2,189,136 |
Non-Controlling Interest | 867,667 | 1,010,945 |
Shareholders' Equity | 1,563,910 | 1,783,828 |
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CRESUD, leading Argentinean agricultural company with a growing presence in Latin American countries, cordially invites you to participate in its Fiscal Year 2024 Results Conference Call on Monday, September 9, 2024, at 9:00 AM Eastern Time / 10:00 AM BA Time.
To access the Webinar:
Webinar ID: 918 2283 3661
Password: 161763
In addition, you can participate communicating to this numbers:
US: +1 719 359 4580 or +1 929 205 6099 or +1 253 205 0468 or +1 253 215 8782 or +1 301 715 8592
Investor Relations Department.
Cresud S.A.C.I.F. y A.
+5411 4323-7449
[email protected]
Follow us on X: @cresudir
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SOURCE CRESUD S.A.C.I.F. y A.
FAQ
What was CRESUD's net result for Fiscal Year 2024?
How did CRESUD's adjusted EBITDA perform in FY 2024?
What was CRESUD's agricultural production for FY 2024?
How much did CRESUD earn from farm sales in FY 2024?
