BUENOS AIRES, Argentina, September 2, 2025 /PRNewswire/ -- IRSA Inversiones y Representaciones S.A. (NYSE: IRS; BYMA: IRSA), the leading real estate company in Argentina, announces today its results for the Fiscal Year 2025 ended June 30, 2025.
HIGHLIGHTS
- Net income for fiscal year 2025 amounted to ARS 196,118 million, compared to a loss of ARS 32,141 million in the previous year.
- Revenues increased by 2.3% during fiscal year 2025 compared to 2024, and Rental Adjusted EBITDA reached ARS 234,697 million: ARS 210,741 million from Shopping Malls, ARS 15,584 million from Offices, and ARS 8,372 million from Hotels, decreasing 2% compared to fiscal year 2024.
- Revenues and Adjusted EBITDA of Shopping Malls' Segment grew 8% and 10%, respectively in FY 2025 compared to the previous year, while portfolio occupancy remained close to 98%. Tenant sales, after a first half marked by weak consumption, strongly recovered in the second half of the year, closing the fiscal year with a slight decline of 2.8%.
- During the year, we acquired Terrazas de Mayo shopping center and an adjoining property to Alto Avellaneda with future expansion potential. In addition, we started construction of a new open-air shopping mall in La Plata, one of the most populous cities in the country, which until now had no large-scale mall.
- In Offices, the sector showed a greater return to on-site work, boosting demand for premium spaces. Our Class A+ and A buildings reached almost full occupancy. We completed a new sale at the 261 Della Paolera building, reducing the portfolio to 58,000 sqm of GLA.
- During the year, we started infrastructure works and progressed in the commercialization of Stage I of our flagship project: Ramblas del Plata. We signed 13 transactions (2 cash sales and 11 swap agreements), totaling approximately 111,000 saleable sqm for an estimated value of USD 81 million.
- In financial matters, we returned to the international capital markets after nearly a decade with the issuance of Series XXIV Notes for USD 300 million, 10 years term.
Financial Highlights |
||
(In millions of Argentine Pesos) |
||
FY 2025 |
||
Income Statement |
06/30/2025 |
06/30/2024 |
Revenues |
468,526 |
458,059 |
Consolidated Gross Profit |
284,790 |
305,755 |
Net result from changes in the fair value of investment properties |
(2,500) |
(488,794) |
Consolidated Result from Operations |
172,615 |
(265,867) |
Result for the Period |
196,118 |
(32,141) |
Attributable to: |
||
IRSA's Shareholders |
195,182 |
(25,621) |
Non-Controlling interest |
936 |
(6,520) |
EPS (Basic) |
261.29 |
(34.53) |
EPS (Diluted) |
238.90 |
(34.53) |
Balance Sheet |
06/30/2025 |
06/30/2024 |
Current Assets |
562,836 |
317,494 |
Non-Current Assets |
2,799,233 |
2,807,977 |
Total Assets |
3,362,069 |
3,125,471 |
Current Liabilities |
338,831 |
383,285 |
Non-Current Liabilities |
1,351,271 |
1,135,457 |
Total Liabilities |
1,690,102 |
1,518,742 |
Non-Controlling Interest |
94,163 |
102,883 |
Shareholders' Equity |
1,671,967 |
1,606,729 |
IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA), the Argentina's largest, most well-diversified real estate company, cordially invites you to participate in its FY 2025 Results Conference Call on Thursday, September 4, 2025, at 12:00 PM US Eastern Time / 01:00 PM BA Time.
To access the Webinar:
https://zoom.us/webinar/register/WN_iMD2hGUESA-A5JwtGmBevQ
Webinar ID: 927 0140 4250
Password: 770361
In addition, you can participate communicating to this numbers:
Argentina: +54 112 040 0447 or +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986
Israel: +972 3 978 6688 or +972 2 376 4509 or +972 2 376 4510
Brazil: +55 11 4632 2237 or +55 11 4680 6788 or +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632 2236
US: +1 564 217 2000 or +1 646 931 3860 or +1 669 444 9171 or +1 669 900 6833 or +1 689 278 1000
Chile: +56 22 573 9305 or +56 23 210 9066 or +56 232 938 848 or +56 41 256 0288 or +56 22 573 9304
Investor Relations Department.
+ 5411 4323-7449
https://www.irsa.com.ar/en/investors/
Follow us on X @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.
