IRSA Inversiones y Representaciones S.A announces today its results for the Fiscal Year 2025 ended June 30, 2025
IRSA Inversiones y Representaciones (NYSE:IRS), Argentina's leading real estate company, reported strong financial results for FY 2025. The company achieved a net income of ARS 196,118 million, compared to a loss of ARS 32,141 million in FY 2024. Revenues increased by 2.3% year-over-year.
The company's Shopping Malls segment showed robust performance with 8% revenue growth and 98% occupancy. Notable developments include the acquisition of Terrazas de Mayo shopping center and the initiation of a new open-air mall construction in La Plata. The office portfolio maintained strong occupancy in Class A+ and A buildings, while the company completed a sale at 261 Della Paolera building.
IRSA also made significant progress in its Ramblas del Plata project, securing 13 transactions worth USD 81 million for 111,000 saleable sqm. The company successfully returned to international capital markets with a USD 300 million 10-year note issuance.
IRSA Inversiones y Representaciones (NYSE:IRS), la principale societ脿 immobiliare dell'Argentina, ha riportato solidi risultati finanziari per l'esercizio 2025. La societ脿 ha raggiunto un utile netto di ARS 196.118 milioni, rispetto a una perdita di ARS 32.141 milioni nell'esercizio 2024. I ricavi sono aumentati del 2,3% su base annua.
Il segmento Centri Commerciali ha registrato una performance robusta con una crescita dei ricavi dell'8% e una occupazione del 98%. Tra gli sviluppi principali figurano l'acquisizione del centro commerciale Terrazas de Mayo e l'avvio della costruzione di un nuovo mall a cielo aperto a La Plata. Il portafoglio uffici ha mantenuto elevati tassi di occupazione negli edifici Class A+ e A, mentre 猫 stata completata la vendita dell'immobile di 261 Della Paolera.
IRSA ha inoltre compiuto progressi importanti nel progetto Ramblas del Plata, assicurando 13 transazioni per un valore di USD 81 milioni su 111.000 mq vendibili. La societ脿 猫 tornata con successo ai mercati di capitale internazionali emettendo un'obbligazione decennale da USD 300 milioni.
IRSA Inversiones y Representaciones (NYSE:IRS), la principal empresa inmobiliaria de Argentina, present贸 s贸lidos resultados financieros para el ejercicio 2025. La compa帽铆a registr贸 un resultado neto de ARS 196.118 millones, frente a una p茅rdida de ARS 32.141 millones en 2024. Los ingresos crecieron un 2,3% interanual.
El segmento de Centros Comerciales mostr贸 un desempe帽o robusto con un 8% de crecimiento de ingresos y una ocupaci贸n del 98%. Entre los hitos se encuentran la adquisici贸n del centro comercial Terrazas de Mayo y el inicio de la construcci贸n de un nuevo centro comercial al aire libre en La Plata. La cartera de oficinas mantuvo fuerte ocupaci贸n en edificios Clase A+ y A, y se complet贸 la venta del edificio 261 Della Paolera.
IRSA tambi茅n avanz贸 significativamente en su proyecto Ramblas del Plata, cerrando 13 transacciones por USD 81 millones para 111.000 m虏 comercializables. La compa帽铆a retorn贸 con 茅xito a los mercados de capitales internacionales con la emisi贸n de una nota a 10 a帽os por USD 300 millones.
IRSA Inversiones y Representaciones (NYSE:IRS), 鞎勲ゴ項嫲雮橃潣 靹犽弰鞝侅澑 攵�霃欖偘 須岇偓臧� 2025 須岅硠鞐半弰鞐� 瓴“頃� 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� ARS 196,118氚彪鞚� 雼龟赴靾滌澊鞚奠潉 雼劚頄堨溂氅�, 鞚措姅 2024 須岅硠鞐半弰鞚� ARS 32,141氚彪 靻愳嫟鞐愳劀 韥矊 臧滌劆霅� 靾橃箻鞛呺媹雼�. 毵れ稖鞚� 鞝勲厔 雽�牍� 2.3% 歃濌皜頄堨姷雼堧嫟.
靽柬晳氇� 攵�氍胳潃 毵れ稖 8% 靹膘灔瓿� 鞝愳湢鞙� 98%搿� 瓴嫟頃� 鞁れ爜鞚� 氤挫榾鞀惦媹雼�. 欤检殧 靻岇嫕鞙茧電� 韰岆澕鞛愳姢 雿� 毵堨殧(Terrazas de Mayo) 靽柬晳靹柬劙 鞚胳垬鞕� 霛柬攲霛柬儉(La Plata)鞐愳劀鞚� 鞁犼窚 鞎检櫢順� 氇� 瓯挫劋 彀╆车鞚� 鞛堨姷雼堧嫟. 鞓ろ敿鞀� 韽姼韽措Μ鞓る姅 Class A+ 氚� A 瓯措鞐愳劀 雴掛潃 鞝愳湢鞙潉 鞙犾頄堨溂氅�, 261 Della Paolera 瓯措鞚� 毵り皝霃� 鞕勲頄堨姷雼堧嫟.
IRSA電� 霕愴暅 Ramblas del Plata 頂勲鞝濏姼鞐愳劀 欷戩殧頃� 歆勳爠鞚� 鞚措（鞏� 111,000銕� 毵るГ 臧�電� 氅挫爜鞐� 雽�頃� USD 8,100毵� 攴滊鞚� 13瓯� 瓯半灅毳� 靹膘偓鞁滌及鞀惦媹雼�. 須岇偓電� 氙疙檾 3鞏� 雼煬 攴滊鞚� 10雲� 毵岅赴 毂勱秾鞚� 氚滍枆頃橂┌ 甑牅 鞛愲掣鞁滌灔鞐� 靹标车鞝侅溂搿� 氤店穩頄堨姷雼堧嫟.
IRSA Inversiones y Representaciones (NYSE:IRS), la principale soci茅t茅 immobili猫re d'Argentine, a annonc茅 de solides r茅sultats financiers pour l'exercice 2025. La soci茅t茅 a r茅alis茅 un r茅sultat net de ARS 196 118 millions, contre une perte de ARS 32 141 millions en 2024. Les revenus ont augment茅 de 2,3% en glissement annuel.
Le segment Centres Commerciaux a affich茅 de bonnes performances avec une hausse des revenus de 8% et un taux d'occupation de 98%. Parmi les faits marquants : l'acquisition du centre commercial Terrazas de Mayo et le lancement de la construction d'un nouveau centre commercial en plein air 脿 La Plata. Le portefeuille de bureaux a conserv茅 de solides taux d'occupation dans les immeubles Class A+ et A, et la vente de l'immeuble 261 Della Paolera a 茅t茅 finalis茅e.
IRSA a 茅galement progress茅 significativement sur le projet Ramblas del Plata, s茅curisant 13 transactions pour USD 81 millions portant sur 111 000 m虏 commercialisables. La soci茅t茅 est revenue avec succ猫s sur les march茅s de capitaux internationaux en 茅mettant une obligation 脿 10 ans de USD 300 millions.
IRSA Inversiones y Representaciones (NYSE:IRS), Argentiniens f眉hrendes Immobilienunternehmen, ver枚ffentlichte starke Ergebnisse f眉r das Gesch盲ftsjahr 2025. Das Unternehmen erzielte einen Nettoertrag von ARS 196.118 Millionen gegen眉ber einem Verlust von ARS 32.141 Millionen im Gesch盲ftsjahr 2024. Die Umsatzerl枚se stiegen um 2,3% gegen眉ber dem Vorjahr.
Das Segment Einkaufszentren zeigte eine robuste Entwicklung mit einem Umsatzwachstum von 8% und einer Auslastung von 98%. Wichtige Entwicklungen waren der Erwerb des Einkaufszentrums Terrazas de Mayo und der Beginn des Baus eines neuen Open-Air-Malls in La Plata. Das B眉roportfolio hielt in Class A+ und A Geb盲uden eine starke Auslastung, und der Verkauf des Geb盲udes 261 Della Paolera wurde abgeschlossen.
IRSA erzielte au脽erdem bedeutende Fortschritte beim Projekt Ramblas del Plata und sicherte sich 13 Transaktionen im Wert von USD 81 Millionen f眉r 111.000 verk盲ufliche qm. Das Unternehmen kehrte erfolgreich an die internationalen Kapitalm盲rkte zur眉ck und emittierte eine 10-j盲hrige Anleihe 眉ber USD 300 Millionen.
- Net income turned positive to ARS 196,118 million from previous year's loss
- Shopping Malls segment revenue and EBITDA grew 8% and 10% respectively
- Shopping Malls maintained high occupancy rate of 98%
- Class A+ and A office buildings reached almost full occupancy
- Successful return to international markets with USD 300 million note issuance
- Strategic acquisitions including Terrazas de Mayo shopping center
- Secured 13 transactions worth USD 81 million for Ramblas del Plata project
- Tenant sales declined by 2.8% during the fiscal year
- Office portfolio reduced to 58,000 sqm of GLA after building sale
- Consolidated Gross Profit decreased from ARS 305,755M to ARS 284,790M
- Rental Adjusted EBITDA decreased 2% compared to fiscal year 2024
Insights
IRSA swings to ARS 196B profit from previous year's loss, with strong shopping mall performance and renewed international capital market access.
IRSA has delivered a remarkable financial turnaround in FY2025, posting a
The shopping mall segment emerged as the company's strongest performer with an
IRSA's strategic acquisitions of Terrazas de Mayo shopping center and property adjacent to Alto Avellaneda position the company for future growth. The new La Plata open-air mall development targets an underserved major population center, representing a first-mover advantage in an untapped market.
The office segment has capitalized on the return-to-office trend, achieving near-full occupancy in premium Class A+ and A buildings. The strategic sale at 261 Della Paolera building reflects portfolio optimization rather than distress.
Perhaps most significant is IRSA's successful return to international capital markets after nearly a decade with a
The Ramblas del Plata project represents a substantial future growth driver, with 13 transactions securing approximately 111,000 saleable square meters valued at roughly
HIGHLIGHTS
- Net income for fiscal year 2025 amounted to听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听ARS 234,697 million:ARS 210,741 million from Shopping Malls,ARS 15,584 million from Offices, andARS 8,372 million from Hotels, decreasing2% compared to fiscal year 2024. - Revenues and Adjusted EBITDA of Shopping Malls' Segment grew
8% and10% , respectively in听FY 2025 compared to the previous year, while portfolio occupancy remained close to98% . 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 of2.8% . - During the year, we acquired听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听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:听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听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
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