Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 132

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 132
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 its reputation.

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IRSA has implemented robust security measures, including multi-factor authentication and constant cybersecurity monitoring in its environment, to protect information and systems. IRSA also raise awareness among its employees about cybersecurity practices to reduce risks. Despite these efforts, IRSA cannot guarantee that their systems are completely free of vulnerabilities.

In the event of a significant cyberattack, IRSA could face disruptions in its operations, fraud, or theft of sensitive information that negatively affect their financial situation and shareholder confidence. Additionally, insurance coverage may not be sufficient to cover all potential losses, which could have a negative impact on their business.

Although IRSA intends to continue implementing and updating their security technology devices and operational procedures to prevent cybersecurity damage, it is possible that their systems are not free of vulnerabilities and that these security countermeasures could be defeated. If any of these events occur, IRSA’s reputation could be damaged, affecting their business, as well as their results of operations and financial condition.

Property ownership through joint ventures or investees may limit our ability to act exclusively in our interest.

We develop and acquire properties in joint ventures with other persons or entities or make minority investments in entities when we believe circumstances warrant the use of such structures.

As of June 30, 2025, IRSA owns 50% of the equity of Puerto Retiro. In the Hotel segment, IRSA owns 50% of the equity of Hotel Llao Llao and the other 50% is owned by the Sutton Group. In the Shopping Malls segment IRSA owns 50% of the equity of Nuevo Puerto Santa Fe S.A., which is the tenant of a building in which it built and currently operates “La Ribera” shopping mall.

In addition, as of June 30, 2025, IRSA holds approximately 29.12% of the equity of Banco Hipotecario, of which the Argentine Government is the controlling shareholder.

IRSA could engage in a dispute with one or more of its joint venture partners or controlling shareholders in an investment that might affect its ability to operate a jointly-owned property. Moreover, its joint venture partners or controlling shareholders in an investment may, at any time, have business, economic or other objectives that are inconsistent with its objectives, including objectives that relate to the timing and terms of any sale or refinancing of a property. For example, the approval of certain of its investors is required with respect to operating budgets and refinancing, encumbering, expanding or selling any of these properties. In some instances, its