Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 297

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 297
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4,843 million during the fiscal year ended June 30, 2023, to ARS 5,357 million during the fiscal year ended June 30, 2024, mainly due to the greater number of congresses and fairs held at the Buenos Aires Convention Centre (LA RURAL S.A.—OFC S.R.L.—OGDEN S.A—ENTRETENIMIENTO UNIVERSAL S.A.—Unión transitoria —(administrator of the Convention and Exhibition Centre of the City of Buenos Aires)) and the fee charged by We are appa for the services of the APPA application for promotions and actions of the Shopping Malls.

Costs 2024 vs. 2023

Agricultural Business

Agricultural Production. The costs of the Agricultural Production segment decreased by 4.4% from ARS 348,470 million during the fiscal year ended June 30, 2023 to ARS 333,264 million during the fiscal year ended June 30, 2024, primarily as a consequence of:

·   ARS 13,690 million decrease in costs of crop sales, mainly as a result of a decrease in the sales price of soybeans in the current fiscal year compared to the fiscal year ended June 30, 2023, which had the effect of the so-called “Soya Dollar”;
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·   ARS 7,961 million decrease in the costs of sugarcane sales, mainly as a result of a 7.0% drop in the prices of ethanol, a fuel component made from sugarcane;                                                                                       
·   ARS 4,475 million increase in the costs of cattle sales, as a result of a greater volume of kilograms sold (approximately 25.0%) during the current fiscal year compared to the fiscal year ended June 30, 2023; and                                
·   ARS 1,970 million increase in costs of leases and services, mainly as a result of an increase in the cost of leases in Brazil.                                                                                                                      

Costs of the Agricultural Production segment, measured as a percentage of the segment’s revenues, decreased from 89.8% for the fiscal year ended June 30, 2023, to 89.1% for the fiscal year ended June 30, 2024.

Land transformation and sales. The costs of the Land transformation and sales segment decreased by 17.0% from ARS 383 million during the fiscal year ended June