Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 301

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 301
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 an increase in kilograms produced (9.0%);
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·   A decrease in profit from crops production of ARS 10,389 million, mainly caused by the drop in soybean and corn prices at the time of harvest in Brazil, compared to the fiscal year ended June 30, 2023, compared to productive yields lower results observed in soybeans, offset by a gain in Argentina explained mainly by the Detour of the 22-23 Campaign, as a result of a greater quantity of tons obtained from yellow corn and cotton, accompanied by better productive yields and average net realizable value higher than those projected , with higher direct costs, including leases (remnant of the Anta Canon) and harvest expenses as a result of greater production, together with an increase in the profit in the Production Result of the 23-24 Campaign, with higher margins production, as a result of higher yields observed in wheat and soybean crops compared to the previous season, which were affected by the drought; and
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·   An increase in profits from sugarcane production of ARS 6,374 million, mainly due to greater number of hectares planted (6.0%) during the current fiscal year compared to the previous one, which are impacted by a higher production of tons, accompanied by a reduction of costs (3.0%) in the face of a 7.0% drop in prices (lower price of ethanol, a fuel component made from sugarcane).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Changes in the net realizable value of agricultural produce after harvest 2024 vs. 2023

Results from total changes in the net realizable value of agricultural produce after harvest, according to information by segments, increased by ARS 23,150 million (176.1%), from a loss of ARS 13,148 million in the fiscal year ended June 30, 2023 to a profit of ARS 10,002 million in the fiscal year ended June 30, 2024.

This variation is due to better price performance, mostly explained by Brazil. This is complemented by the greater amount of corn and cotton sold.

Gross profit/(loss) 2024 vs. 2023

Agricultural Business

Agricultural Production. Gross profit from this segment increased by 213.1% from a profit of ARS 18,642 million in the fiscal year ended June 30,