Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 174

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 174
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 consist primarily of crops for feeding and dietary supplementation purposes, animal health and payroll costs, among others.

Results

The following table shows cattle activity’s results for fiscal year 2025, compared to the preceding fiscal years:

                                                                                                     FY 2025                     FY 2024           YoY var 2025 vs. 2024     
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                                                                                                  (In millions of ARS)                                                  %    
Revenues                                                                                                 44,721                      35,545                          25.8    
Costs                                                                                                   (37,399   )                 (28,447   )                      31.5    
Initial recognition and changes in the fair value of biological assets and agricultural produce           7,828                      (8,857   )                —             
Changes in the net realizable value of agricultural produce after harvest                                   (46   )           3                                —             
Gross profit/(loss)                                                                                      15,104                      (1,756   )                —             
General and administrative expenses                                                                      (2,510   )                  (2,677   )                (6.2         )
Selling expenses                                                                                         (2,866   )                  (2,223   )                      28.9    
Other operating results, net                                                                             (1,188   )                    (524   )                     126.7    
Profit/(loss) from operations                                                                             8,540                      (7,180   )                —             
Profit from Joint Ventures                                                                        5                           3                                      66.7    
Activity profit/(loss)                                                                                    8,545                      (7,177   )                —             
Leases and Agricultural Services

We lease own farms to third parties for agriculture. On the one hand, in our farms under irrigation in the Province of San Luis (Santa Bárbara and La Gramilla) enter into production agreements to seed companies. These farms are ideal for obtaining steady production levels, given the quality of their soil and the weather conditions of the area, along with the even humidity provided by irrigation.

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On the other hand, when market conditions are favorable, we lease farms recently put into production after agricultural development. In this way, we manage to reduce our production risk, ensuring fixed rental income until the new farms reach stable productivity levels.

Results

The following table shows Leases and Agriculture Services’s results for fiscal year 2025, compared to the preceding fiscal years:

                                        FY 2025                     FY 2024           YoY var 2025 vs. 2024     
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