Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 285

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 285
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 net, associated with our Offices segment varied by 306.8%, from a net loss of ARS 88 million during the fiscal year ended June 30, 2024, to a net profit of ARS 182 million during the fiscal year ended June 30, 2025, mainly as a result of: (i) a lower charge from lawsuits of ARS 179 million; (ii) an increase of ARS 131 million in interest income generated by operating assets; partially offset by (iii) a higher charge of ARS 32 million for donations. Other operating results, net, from this segment, as a percentage of revenues from this segment, increased from 0.4% negative during the fiscal year ended June 30, 2024, to 0.9% positive during the fiscal year ended June 30, 2025. 
Sales and Developments. Other operating results, net, associated with our Sales and Developments segment varied by 259.5%, from a net loss of ARS 5,305 million during the fiscal year ended June 30, 2024, to a net loss of ARS 19,070 million during the fiscal year ended June 30, 2025, mainly due to: (i) a loss of ARS 19,125 million due to the impairment of properties trading properties for the fiscal year ended June 30, 2025, which resulted from the Company’s comparison between the inflation-adjusted cost (ARS 57,107 million) and the net realizable value (ARS 37,982 million) of these assets; partially offset by (ii) a lower negative result of ARS 2,746 million from the sale of property, plant and equipment corresponding to the sale of the 9th floor of the “261 Della Paolera” Tower (located in the Catalinas area of Buenos Aires City) during the fiscal year ended June 30, 2024; (iii) a lower negative result of ARS 2,181 million from the sale of a joint venture corresponding to the sale of Quality Invest S.A. during the fiscal year ended June 30, 2024; (iv) an increase of ARS 417 million in management fees; (v) a lower charge for lawsuits of ARS 327 million; and (vi) a lower charge for donations of ARS 151 million. Other operating results, net, from this segment, as a percentage of revenues from