Company: CRESW
Filing Date: 2025-11-25
Form Type: 6-K
Source: 0001034957-25-000027
Chunk: 11

Company: CRESUD INC
Filing Date: 2025-11-25
Form: 6-K
Chunk 11
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 in associates and joint ventures                    |              - |       - |                      - |       - | 175,660 |   175,660 |
| Other                                               
 reportable assets                                   |          2,200 |   1,879 |                      - |     668 |   3,189 |     7,936 |
| Reportable assets                                   |      1,617,536 | 316,747 |                990,006 |  51,114 | 185,027 | 3,160,430 |

**(i) For the three-month period ended September 30, 2025, the net gain from fair value adjustment of investment properties was ARS 216,995. The net impact of the values in pesos of our properties was mainly a consequence of the change in macroeconomic conditions:

Level 2:

(a)**

The value of our office buildings, undeveloped parcels of land and other rental properties measured in real terms increased by 18.24% during the three-month period ended September 30, 2025, due to the variation of the implicit exchange rate which was well below inflation. Likewise, there is an impact for the sales and acquisitions of the period.

**Level 3:

a)**

loss of ARS 73,514 as a consequence of the variation in the projected income growth rate increase and the conversion to dollars of the projected cash flow in pesos according to the exchange rate estimates used in the cash flow from shopping malls.

b)

positive impact of ARS 202,907 resulting from the conversion into pesos of the value of the shopping malls in dollars based on the exchange rate at the end of the period.

c)

a decrease of 9 basis points in the discount rate used for cash flows and a decrease of 11 basis points in the discount rate used for perpetuity, mainly due to a decrease in the country-risk rate component of the WACC discount rate used to discount the cash flow, which led to an increase in the value of the shopping malls of ARS 17,356.

Additionally, due to the impact of the inflation adjustment, ARS 85,927 were reclassified for shopping malls from “Net gain / (loss) from fair value adjustment” to “Inflation Adjustment” in the Statement of Income and Other Comprehensive Income.

|                                           |     09.30.2024 |         |                        |         |         |           |
|                                           | Shopping Malls | Offices | Sales and developments |