Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 271

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 271
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 travel, transportation and stationery; partially offset by (v) a decrease of ARS 116 million in other charges; (vi) a decrease of ARS 29 million in salaries, social security charges and other personnel administrative expenses; (vii) a decrease of ARS 23 million in maintenance, security, cleaning, repairs and related expenses. Costs in the Others segment, measured as a percentage of revenues from this segment, decreased from 70.6% during the fiscal year ended June 30, 2024, to 60.8% during the fiscal year ended June 30, 2025.

Initial recognition and changes in the fair value of biological assets and agricultural produce at the point of harvest 2025 vs. 2024

According to information by segments (taking into account the result from operations from our joint ventures and excluding those related to building administration expenses and collective promotion fund and business inter-segment transactions), the result from the initial recognition and changes in the fair value of biological assets and agricultural produce at the point of harvest increased by ARS 10,271 million (138.0%), from a gain of ARS 7,444 million for the fiscal year ended June 30, 2024, to a gain of ARS 17,715 million for the fiscal year ended June 30, 2025.

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Such variation was mainly as a result of: 

·                                                             An increase of ARS 4,292 million in sugarcane production results, driven by a higher volume of tons produced and an increase in international market prices;                                                          
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·   A positive result of ARS 16,685 million from cattle production and holding, due to prices performing better relative to inflation compared to the previous fiscal year, along with an increase in kilograms produced;                                                           
·   A decrease of ARS 10,706 million in grain production results, explained by a loss in the 2024-2025 crop season due to a decline in average NRV of grains and lower average yields in Argentina, partially offset by a gain in Brazil, supported by favorable weather conditions.

Changes in the net realizable value of agricultural produce after harvest 2025 vs. 2024

Results from changes in the net realizable value of agricultural produce after harvest, according to the statement of income, decreased by ARS 5,360 million (53.6%), from a gain of ARS 10,002 million during the fiscal year ended June 30