Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 320

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 320
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4 vs. 2023

As a result of the factors described above, our net profit for the year decreased by ARS 257,638 million from a net profit of ARS 406,477 million in the fiscal year ended on June 30, 2023 to a net profit of ARS 148,839 million in the fiscal year ended June 30, 2024, out of which a profit of ARS 189,064 million derives from the agricultural business, and a loss of ARS 40,225 million derives from the urban properties and investment business.

B. Liquidity and Capital Resources

Liquidity 

Our main sources of liquidity have historically been:

·                                                                  cash generated by operations;                                                                
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·   cash generated by our issuance of common shares and non-convertible notes;                                                                                  
·   cash proceeds from borrowings (including cash from bank loans and overdrafts) and financing arrangements (including cash from the exercise of warrants); and
·   cash proceeds from sale of investment and trading properties and property, plant and equipment (including cash proceeds from the sale of farmlands).        

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Our main cash requirements or uses (other than in connection with our operating activities) have historically been:

·                               acquisition of subsidiaries and non-controlling interest in subsidiaries;                             
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·   acquisition of interest in associates and joint ventures;                                                                         
·   capital contributions to associates and joint ventures;                                                                           
·   capital expenditures in property, plant and equipment (including acquisitions of farmlands) and investment and trading properties;
·   payments of short-term and long-term debt and payment of the related interest expense; and                                        
·   payment of dividends.                                                                                                             

Our liquidity and capital resources include our cash and cash equivalents, proceeds from operating activities, sales of investment properties, trading properties and farms, obtained bank borrowings, long-term debts incurred and capital funding.

Our material cash requirements from known contractual and other obligations mainly consist of obligations under our borrowings. As of June 30, 2025, we expected to incur a total of ARS 1,343,112 million under our borrowings, consisting of ARS 535,760 million due within one year, ARS 387,848 million due within one to four years, ARS 69,604 million due within four to five years, and ARS 349,900 million due after five years.

Cash Flow Information

The table below shows our cash flow for the fiscal years ended June