Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 288

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 288
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, 2024, to 240.6% positive during the fiscal year ended June 30, 2025.
Offices. Operating results from operations associated with our Offices segment decreased by 68.7%, from a net loss of ARS 79,231 million during the fiscal year ended June 30, 2024, to a net loss of ARS 133,692 million during the fiscal year ended June 30, 2025. Such variation was mainly due to ARS 51,926 million decrease in the loss from fair value adjustments of investment properties. Operating results from the Offices segment, as a percentage of revenues from this segment, increased from 349.9% negative during the fiscal year ended June 30, 2024, to 666.3% negative during the fiscal year ended June 30, 2025. 
Sales and Developments. Operating results from operations associated with our Sales and Developments segment varied by 13.4%, from a net loss of ARS 374,655 million during the fiscal year ended June 30, 2024, to a net loss of ARS 324,287 million during the fiscal year ended June 30, 2025. Such improvement is mainly due to the result from changes in the fair value of investment properties. Operating results from this segment, as a percentage of revenues from this segment, decreased from 2,906.3% negative during the fiscal year ended June 30, 2024, to 2,541.2% negative during the fiscal year ended June 30, 2025.

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Hotels. Operating results from operations associated with the Hotels segment decreased by 84.2%, from a net profit of ARS 25,025 million during the fiscal year ended June 30, 2024, to a net profit of ARS 3,949 million during the fiscal year ended June 30, 2025. This decrease is mainly due to a drop in international tourism arrivals as a result of reduced currency competitiveness in the country. Operating results from the Hotels segment, as a percentage of revenues from this segment, decreased from 29.2% positive during the fiscal year ended June 30, 2024, to 6.1% positive during the fiscal year ended June 30, 2025.
Others. Operating results from operations associated with the Others segment varied by 11.0%, from a net profit of ARS 12,308 million during the