Cresud Inc 6-K, filed May 8, 2025
Cresud Inc (CRESY)
6-K
2025-05-08
For: 2025-05-08
View Original
Added on
April 07, 2026
About this 6-K
Cresud Inc filed this 6-K on May 8, 2025.
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of May,
2025
Cresud
Sociedad Anónima, Comercial,
Inmobiliaria,
Financiera y
Agropecuaria
(Exact name of Registrant as specified in its
charter)
Cresud Inc.
(Translation of registrant´s name into
English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Carlos Della Paolera
261
(C1001ADA)
Buenos
Aires, Argentina
(Address of principal
executive offices)
Form 20-F ⌧ Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes o No
x
CRESUD
S.A.C.I.F. and A.
(THE
“COMPANY”)
REPORT
ON FORM 6-K
By letter dated May 8, 2025, the
company reported that in compliance with Section 63 of the Regulations
issued by the Buenos Aires Stock Exchange, this is to report the
following information:
|
1. Results of the period (nine-month period)
|
in million ARS
|
|
|
|
03/31/2025
|
03/31/2024
|
|
Results of the period (nine-month period)
|
57,895
|
(39,987)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
22,228
|
34,835
|
|
Non-controlling
interest
|
35,667
|
(74,822)
|
|
|
|
|
|
2. Other comprehensive income for the period (nine-month
period)
|
in million ARS
|
|
|
|
03/31/2025
|
03/31/2024
|
|
Other comprehensive income for the period
(nine-month period)
|
(77,083)
|
23,711
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(27,526)
|
8,631
|
|
Non-controlling
interest
|
(49,557)
|
15,080
|
|
|
|
|
|
3. Total comprehensive income for the period (nine-month
period)
|
in million ARS
|
|
|
|
03/31/2025
|
03/31/2024
|
|
Total comprehensive income for the period
(nine-month period)
|
(19,188) |
(16,276)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(5,298)
|
43,466
|
|
Non-controlling
interest
|
(13,890)
|
(59,742)
|
|
|
|
|
|
4. Equity details
|
in million ARS
|
|
|
|
03/31/2025
|
03/31/2024
|
|
Share
Capital
|
598
|
592
|
|
Treasury
shares
|
7
|
2
|
|
Comprehensive
adjustment of capital stock and of treasury shares
|
268,103
|
268,069
|
|
Warrants
|
22,510
|
24,740
|
|
Share
Premium
|
358,657
|
338,869
|
|
Premium
for trading of treasury shares
|
(29,541)
|
(29,396)
|
|
Legal
Reserve
|
40,764
|
36,109
|
|
Special
Reserve (Resolution CNV 609/12)
|
246,485
|
173,134
|
|
Cost
of treasury share
|
(10,578)
|
(3,648)
|
|
Conversion
reserve
|
(37,295)
|
35,995
|
|
Reserve
for securities issued by the Company acquisition
|
2,580
|
2,580
|
|
Reserve for future
dividends
Other
reserves
|
-
(6,059)
|
77,551
(3,623)
|
|
Retained
earnings
|
(10,648)
|
(16,158)
|
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
845,583
|
904,816
|
|
Non-controlling
interest
|
1,056,548
|
1,176,056
|
|
Total shareholder's equity
|
1,902,131
|
2,080,872
|
The Company's
market capitalization as of March 31, 2025, was approximately USD
653.5 million (60,504,918 ADS with a price per ADS of USD
10.8).
As of March 31, 2025, the Company’s principal shareholder and
beneficial owner is Eduardo Sergio Elsztain. Direct or
indirectly, through the vehicles Inversiones Financieras del
Sur S.A (IFISA) and Consultores Venture Capital Uruguay S.A.(CVCU),
owns 230,771,688 shares, accounting for 38.55% of the share capital
(net of treasury shares). Eduardo
Sergio Elsztain is domiciled at Bolivar 108, 1st floor, Buenos
Aires City Center, IFISA is a company incorporated and domiciled at
Calle 8, km 17,500, Edificio Zonamérica 1, local 106,
Montevideo, Uruguay and CVCU
is
a company incorporated and domiciled at Calle 8, km 17,500,
Edificio Zonamérica 1, local
106.
In addition, we report that as of March 31, 2025, after deducting
direct and indirect Eduardo Sergio Elsztain's interest through
IFISA and CVCU, and the treasury shares, the remaining shareholders
held 367,879,958 common, registered, non-endorsable shares of ARS 1
par value each and entitled to one vote per share, accounting for
61.45% of the issued and subscribed capital stock (substracting
treasury shares).
It should be
considered that in March 2021 the company increased its share
capital by 90 million shares. For each subscribed share, each
shareholder received at no additional cost 1 warrant, that is, 90
million warrants were issued. The warrants expire on March 10, 2026
and are listed on the Buenos Aires Stock Exchange under the symbol
“CRE3W” and on the NYSE under the symbol
“CRESW”. As of today, the number of warrants
outstanding is 79,706,994.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 717,236,776. We also inform that if
the group of control were to exercise its warrants like the rest of
the shareholders, its stake would increase by 49,464,365 ordinary
shares, which would mean a 39.42% stake on the share capital, that
is, 280,236,053 shares.
Below are the highlights for the nine-month period
ended March 31, 2025:
●
The net result for
the nine-month period of the 2025 fiscal year recorded a profit of
ARS 57,895 million, compared to a loss of ARS 39,987 million in the
same period of 2024. .
●
The adjusted EBITDA
of the segments that make up the agricultural business was ARS
31,072 million, while the urban properties and investments business
(through IRSA) recorded ARS 156,380 million.
●
The
2025 campaign progressed with a good level of rainfall in the
region, despite some irregularity in frequency specially in
Northern Argentina, with sustained commodity prices and stable
input costs. We planted 300,000 hectares in the region and expect
to produce approximately 867,000 tons of grains, 23% more than in
the previous campaign.
●
Cattle activity in
Argentina is developing with very good prices, margins, and
production levels.
●
During the quarter
and after the closing, the Argentine government announced two
favorable measures for the agricultural sector. First, a temporary
reduction, until June 30, 2025, in export duties for soybeans, from
33% to 26%, and for wheat and corn, from 12% to 9.5%, with a
positive impact on available and future grain prices. Second, the
partial elimination of capital controls, with a direct impact on
the convergence of exchange rates. .
●
During
the nine-month period of the 2025 fiscal year, we sold a portion of
the “Los Pozos” farm in Argentina for USD 2.2 million,
and our subsidiary BrasilAgro sold a portion of “Alto
Taquari” farm for BRL 189.4 million.
SIGNATURES
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the city of
Buenos Aires, Argentina.
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Cresud
Sociedad Anónima, Comercial, Inmobiliaria, Financiera y
Agropecuaria
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By:
|
/S/ Saúl
Zang
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Saúl
Zang
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Responsible
for the Relationship with the Markets
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May 8, 2025