Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 281

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 281
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30, 2024, to ARS 35,685 million in the fiscal year ended June 30, 2025, mainly due to: a decrease of ARS 5,115 million in expenses related to crop operations; a decrease of ARS 144 million in expenses associated with the agricultural leases and services business; a decrease of ARS 39 million in expenses related to sugarcane operations; partially offset by an increase of ARS 643 million in expenses related to cattle operations. Selling expenses of the Agricultural Production segment, measured as a percentage of revenues from this segment, increased from 10.8% during the fiscal year ended June 30, 2024, to 10.9% during the fiscal year ended June 30, 2025. 
Land Transformation and Sales. Selling expenses from the Land Transformation and Sales segment decreased by 6.4%, from ARS 1,658 million during the fiscal year ended June 30, 2024, to ARS 1,552 million during the fiscal year ended June 30, 2025. 
Others. Selling expenses from the Others segment increased by 15.6%, from ARS 19,024 million during the fiscal year ended June 30, 2024, to ARS 21,988 million during the fiscal year ended June 30, 2025, mainly due to an increase of ARS 2,964 million in selling expenses related to other segments. Selling expenses from the Others segment, measured as a percentage of revenues from this segment, increased from 14.7% during the fiscal year ended June 30, 2024, to 18.1% during the fiscal year ended June 30, 2025.

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Urban Properties and Investment Business

Shopping Malls. Selling expenses of the Shopping Malls segment increased by 7.8%, from ARS 12,558 million during the fiscal year ended June 30, 2024, to ARS 13,536 million during the fiscal year ended June 30, 2025, mainly as a result of: (i) an increase of ARS 1,058 million in taxes due to an increase in ABL rates and real estate taxes, which are adjusted by CPI; (ii) an increase of ARS 47 million in amortization and depreciation charges; (iii) an increase of ARS 31 million in bad debts (charge and recovery, net); partially offset by (iv)