Mixed quarter: strong urban property (IRSA) earnings offset by agricultural weakness. Monitor next quarter for agricultural recovery and commodity price trends; IRSA's real estate momentum may continue.
Price Chart
Executive Summary
Cresud reported mixed Q3 FY2026 results with total revenue +15% YoY to ARS 965.5B and net income attributable to parent surging to ARS 121.7B (vs ARS 30.1B a year ago), but adjusted EBITDA declined 12% to ARS 202.8B. Agricultural operations swung to a segment loss of ARS 6.8B (from +ARS 12.4B) due to lower crops and sugarcane results, while the urban properties segment (IRSA) posted strong profit growth of ARS 259.2B boosted by fair value gains. The company also issued new debt and saw final warrant exercises.
Key Facts
- Revenue 9M26: ARS 965.5B vs 838.8B (+15.1% YoY)
- Net income attributable to parent: ARS 121.7B vs 30.1B (+304.7%)
- Adjusted EBITDA: ARS 202.8B vs 230.4B (-12.0%)
- Agricultural segment loss ARS 6.8B vs profit ARS 12.4B
- Urban properties segment profit ARS 259.2B vs 14.3B
- Basic EPS ARS 189.99 vs 49.97
Financial Impact
Revenue growth of ~15% and net income up ~305% YoY, but adjusted EBITDA declined ~12% and agricultural operations deteriorated
Risk Factors
- Agricultural losses persist due to low commodity prices and high costs
- High inflation and currency devaluation in Argentina
- Debt levels increased with new note issuances
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001034957-26-000036 |
| Document: 0001034957-26-000036-index-headers.html | 0001034957-26-000036 |
| Document: 0001034957-26-000036-index.html | 0001034957-26-000036 |
| Document: 0001034957-26-000036.txt | 0001034957-26-000036 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $11.45 $10.79 | ▼ −5.76% | ▼ −6.47% | $10.79 (−5.76%) |
Oct 22, 2026 4d ago | 6-K | $11.45 $10.79 | ▼ −5.76% | ▼ −6.47% | $10.79 (−5.76%) |
Oct 22, 2026 4d ago | 6-K | $10.90 $11.45 | ▲ +5.05% | ▲ +5.57% | $10.79 (−1.01%) |
Oct 21, 2026 5d ago | 20-F | $10.90 $11.45 | ▲ +5.05% | ▲ +5.57% | $10.79 (−1.01%) |
Sep 17, 2026 5w ago | 6-K | $12.83 $12.76 | ▼ −0.55% | ▼ −0.43% | $10.79 (−15.90%) |
Aug 28, 2026 8w ago | 6-K | $11.50 $11.67 | ▲ +1.48% | ▲ +2.17% | $10.79 (−6.17%) |
Aug 27, 2026 8w ago | 6-K | $11.22 $11.06 | ▼ −1.43% | ▼ −1.20% | $10.79 (−3.83%) |
Aug 27, 2026 8w ago | 6-K | $11.22 $11.06 | ▼ −1.43% | ▼ −1.20% | $10.79 (−3.83%) |
Jul 30, 2026 12w ago | Insider Cluster | $11.61 $11.21 | ▼ −3.45% | ▼ −4.15% | $10.79 (−7.06%) |
Jul 14, 2026 14w ago | 6-K | $10.91 $11.04 | ▲ +1.19% | ▲ +0.80% | $10.79 (−1.10%) |
US Market Status
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