Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 1

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 1
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 Financial Information Unit (Unidad de Información Financiera);                                                                                                                                                                                                                                  
·   “U.S.”: United States of America;                                                                                                                                                                                                                                                                      
·   “USD and/or U.S. dollars”: U.S. currency;                                                                                                                                                                                                                                                              
·   “VAM”: Vista al Muelle S.A.                                                                                                                                                                                                                                                                            
·   “VAT”: Value Added Tax;                                                                                                                                                                                                                                                                                
·   “WEO”: World Economic Outlook, prepared by IMF;                                                                                                                                                                                                                                                        
·   “YPF”: Yacimientos Petrolíferos Fiscales S.A.;                                                                                                                                                                                                                                                         
·   “2BSvs”: Biomass Biofuels Sustainability voluntary scheme.                                                                                                                                                                                                                                             

ii
DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS

This Annual Report contains and incorporates by reference statements that constitute estimates and forward-looking statements. The words “believe,” “will,” “may,” “may have,” “would,” “estimate,” “continues,” “anticipates,” “intends,” “should,” “plans,” “expects,” “predicts,” “potential,” “seek” and similar words or phrases, or the negative of these terms or other similar expressions, are intended to identify estimates and forward-looking statements. Some of these statements include statements regarding our current intent, belief or expectations. While we consider these expectations and assumptions to be reasonable, forward-looking statements are subject to various risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. Forward-looking statements are not guarantees of future performance. Actual results may be substantially different from the expectations described in the forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

We have based these forward-looking statements on our current beliefs, expectations and assumptions about future events. While we consider these expectations and assumptions to be reasonable, they are inherently subject to significant risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. The risks and uncertainties that may affect our forward-looking statements include, among others, the following:

·   changes in general economic, financial, business, political, legal, social or other conditions in Argentina, Brazil, Latin America, and other developed and/or emerging markets, including as a result of provincial mid-term legislative elections held on September 7, 2025, and the national mid-term legislative elections expected to take place in Argentina on October 26, 2025;
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