Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 57

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 57
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 crop prices since a significant portion of our production is not hedged, and exposed to crop price risk.
·   The creation of export taxes and/or market intervention may have an adverse impact on our sales and results of operations.                                                                                                                                                    
·   We depend on international trade and economic and other conditions in our key export markets.                                                                                                                                                                                 

2

Risks Relating to IRSA’s Business in Argentina

·                                                                  IRSA is subject to risks inherent to the operation of shopping malls that may affect our profitability.                                                                
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·   IRSA’s performance is subject to the risks associated with its properties and with the real estate industry.                                                                                                                          
·   IRSA could be adversely affected by decreases in the value of its investments.                                                                                                                                                        
·   IRSA’s level of debt may adversely affect its operations and its ability to pay its debt as it becomes due and its capacity to successfully access the local and international markets on favorable terms affects its cost of funding.
·   IRSA’s assets are highly concentrated in certain geographic areas and an economic downturn in such areas could have a material adverse effect on its results of operations and financial condition.                                   
·   The loss of tenants could adversely affect IRSA’s operating revenue and value of its properties.                                                                                                                                      
·   IRSA may face risks associated with acquisitions of properties.                                                                                                                                                                       
·   IRSA’s future acquisitions may not be profitable.                                                                                                                                                                                     
·   IRSA may be liable for certain defects in its buildings.                                                                                                                                                                              
Risks Relating to IRSA’s Investment in Banco Hipotecario

·                                 The stability of the financial system depends upon the ability of financial institutions, including Banco Hipotecario, to maintain and increase the confidence of depositors.                              
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·   The asset quality of financial institutions is exposed to the non-financial public sector and Central Bank’s indebtedness.                                                                                                               
·   Banco Hipotecario could suffer losses in its investment portfolios due to volatility in the capital markets and in the exchange rate, which could significantly affect Banco Hipotecario's financial condition and results of operations.
·   Potential Adverse Effects of Consumer Protection Law and Class Actions on Banco Hipotecario.                                                                                                                                             

Risks Relating to our ADSs and Common Shares

·                                                          Shares eligible for sale could adversely affect the price of our common shares and ADSs.                                                      
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·   If we issue additional equity securities in the future, you may suffer dilution, and trading prices for our equity securities may decline.