Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 279

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 279
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 of the Shopping Malls segment, measured as a percentage of revenues from this segment, decreased from 12.0% during the fiscal year ended June 30, 2024, to 10.7% during the fiscal year ended June 30, 2025.
Offices. General and administrative expenses of the Offices segment decreased by 17.7%, from ARS 2,875 million during the fiscal year ended June 30, 2024, to ARS 2,365 million during the fiscal year ended June 30, 2025, mainly as a result of: (i) a decrease of ARS 442 million in amortization and depreciation charges; (ii) a decrease of ARS 86 million in directors’ fees; (iii) a decrease of ARS 37 million in fees and compensations for services due to the discontinuation of some suppliers’ services and lower charges for certifications; (iv) a decrease of ARS 10 million in maintenance, security, cleaning, repairs and related expenses; partially offset by (v) an increase of ARS 39 million in salaries, social security charges and other personnel administrative expenses; and (vi) an increase of ARS 21 million in rents and expenses. General and administrative expenses of the Offices segment, measured as a percentage of revenues from this segment, decreased from 12.7% during the fiscal year ended June 30, 2024, to 11.8% during the fiscal year ended June 30, 2025.

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Sales and Developments. General and administrative expenses associated with our Sales and Developments segment decreased by 5.5%, from ARS 12,283 million during the fiscal year ended June 30, 2024, to ARS 11,605 million during the fiscal year ended June 30, 2025. General and administrative expenses, measured as a percentage of revenues from this segment, decreased from 95.3% during the fiscal year ended June 30, 2024, to 90.9% during the fiscal year ended June 30, 2025.
Hotels. General and administrative expenses associated with our Hotels segment decreased by 8.1%, from ARS 13,025 million during the fiscal year ended June 30, 2024, to ARS 11,972 million during the fiscal year ended June 30, 2025, mainly as a result of: (i) a decrease of ARS