Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 315

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 315
---
 contingency charges of ARS 30,769 million as the prior fiscal year had recognized a provision for the IDBD lawsuit; (ii) an increase in profit generated by other operating results of ARS 1,735 million; partially offset by (iii) a decrease in profit of ARS 1,937 million, mainly due to the liquidation of Condor, Real Estate Investment Group VII LP, and Jiwin S.A. in the previous fiscal year; (iv) an increase of ARS 298 million in management fees; and (v) higher expenses of ARS 112 million in donations. Other operating results, net from this segment, as a percentage of the revenues from this segment, decreased from 599.3% negative during the fiscal year ended June 30, 2023, to 21.5% positive during the fiscal year ended June 30, 2024.

172

Management fees 2024 vs. 2023

The company entered into a management agreement with Consultores Asset Management S.A., which provides for payment of fees equivalent to 10% of our profits from our separate statement of income for advisory services in relation to any matters related to business and investments, such as farming, real estate, finance, hotel, etc. Management fees amounted to ARS 24,823 million and ARS 12,945 million for the fiscal years ended June 30, 2024 and 2023, respectively. 

Operating results 2024 vs. 2023

Agricultural Business

Agricultural Production. Operating results of the Agricultural Production segment increased by ARS 42,894 million, from a loss of ARS 40,407 million in the fiscal year ended June 30, 2023 to a profit of ARS 2,487 million in the fiscal year ended June 30, 2024.
Land Transformation and Sales. Operating results of the Land Transformation and Sales segment increased by ARS 28,099 million, from a profit of ARS 51,948 million in the fiscal year ended June 30, 2023 to a profit of ARS 80,047 million in the fiscal year ended June 30, 2024. 
Corporate. Operating results of this Corporate segment increased by ARS 841 million from a loss of ARS 7,231 million in the fiscal year ended June 30, 2023 to a loss of ARS 6,390 million in the fiscal year ended June 30