Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 317

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 317
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 2024.
Hotels. Operating results from operations associated with the Hotels segment increased by 66.5%, from a net profit of ARS 15,032 million during the fiscal year ended June 30, 2023, to a net profit of ARS 25,025 million during the fiscal year ended June 30, 2024. This increase is mainly due to higher occupancy levels resulting in increased revenues, reaching, for the most part, pre-pandemic occupancy levels. Operating results from operations associated with the Hotels segment, as a percentage of revenues from such segment, increased from 19.4% positive during the fiscal year ended June 30, 2023, to 29.2% positive during the fiscal year ended June 30, 2024.

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Others. Operating results from operations associated with the Others segment increased from a net loss of ARS 61,221 million during the fiscal year ended June 30, 2023, to a net loss of ARS 12,308 million during the fiscal year ended June 30, 2024. Such decrease is mainly due to the decrease in administrative expenses and a positive result in other operating results, net. Operating results from operations associated with the Others segment, as a percentage of the revenues from this segment, varied from 1,264.1% negative during the fiscal year ended June 30, 2023, to 229.8% positive during the fiscal year ended June 30, 2024.

Share of (loss)/ profit of associates and joint ventures 2024 vs. 2023

Agricultural Business

According to information by segments (taking into account all our joint ventures and inter-segment eliminations), the total share of (loss) / profit of associates and joint ventures increased by ARS 3,861 million (71.9%), from a loss of ARS 5,372 million in the fiscal year ended June 30, 2023 to a loss of ARS 1,511 million in the fiscal year ended June 30, 2024.
Agricultural Production. The share of profit/ (loss) of associates and joint ventures in the Agricultural Production segment increased by 346.7% from a loss of ARS 876 million in the fiscal year ended June 30, 2023 to a profit of ARS 2,161 million in the fiscal year ended June 30, 2024.
Others. The share loss of associates