Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 56

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 56
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(3)   The minimum exchange rate appearing in the table was the lowest end-of-month exchange rate in the year or shorter period, as indicated.      
(4)   Average exchange rates at the end of the month.                                                                                              
B. Capitalization and Indebtedness

This section is not applicable.

C. Reasons for the Offer and Use of Proceeds

This section is not applicable.

1
D. Risk Factors

Summary of Risk Factors

The following summarizes some, but not all, of the risks provided below. Please carefully consider all of the information discussed in this Item 3.D. “Risk Factors” in this Annual Report for a more thorough description of these and other risks:
Risks Relating to Argentina, Brazil and other Countries Where We Operate

·                                                                                         We depend on macroeconomic and political conditions in Argentina.                                                                                      
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·   Exchange rate volatility may adversely affect the Argentine economy as well as our financial performance.                                                                                                                                    
·   Economic and political developments in Argentina, and future policies of the Argentine Government may adversely affect the sectors in which we operate.                                                                                      
·   The policies or measures adopted by the Argentine Government from time to time may adversely affect the Argentine economy and the sectors in which we operate.                                                                               
·   The maintenance or implementation of additional exchange controls regulations, restrictions on transfers abroad and capital inflow restrictions could limit the availability of international credit and could threaten the financial system.
·   Inflation could adversely affect the Argentine economy and our operational results.                                                                                                                                                          
·   High levels of public spending in Argentina could generate long-lasting adverse consequences for the Argentine economy.                                                                                                                      
·   The Brazilian government has exercised, and continues to exercise, significant influence over the Brazilian economy, which, together with Brazilian political and economic conditions, may adversely affect us.                              
·   Our business is dependent on economic conditions in the countries where we operate or intend to operate.                                                                                                                                     
Risks Relating to Our Agricultural Business

·                                                                        Fluctuation in market prices for our agriculture products could adversely affect our financial condition and results of operations.                                                                      
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·   Worldwide competition in the markets for our products could adversely affect our business and results of operations.                                                                                                                                                          
·   Unpredictable weather conditions, pest infestations and diseases may have an adverse impact on our crop yields and cattle production.                                                                                                                                         
·   Our cattle are subject to diseases which can negatively impact the demand for and sales of cattle production. We may be exposed to significant losses due to volatile