IRSA Inversiones y Representaciones S.A announces its results for the first quarter of Fiscal Year 2025 ended September 30, 2024
IRSA Inversiones y Representaciones reported a net loss of ARS 109,135 million in Q1 FY2025, compared to a gain of ARS 250,538 million in the same period last year. The loss was primarily attributed to changes in fair value of investment properties. Shopping center sales declined 12.1% year-over-year, while premium office portfolio occupancy improved to 97.9%. The company acquired a property near Alto Avellaneda shopping center for USD 12.2 million and sold a floor of Della Paolera 261 building for USD 7.1 million. A cash dividend of ARS 90,000 million was approved, along with distribution of own shares representing 3.6% of stock capital.
IRSA Inversiones y Representazioni ha riportato una perdita netta di ARS 109.135 milioni nel primo trimestre dell'anno fiscale 2025, rispetto a un guadagno di ARS 250.538 milioni nello stesso periodo dell'anno scorso. La perdita 猫 stata principalmente attribuita a variazioni del valore equo delle propriet脿 immobiliari. Le vendite dei centri commerciali sono diminuite del 12,1% su base annua, mentre l'occupazione del portafoglio di uffici premium 猫 migliorata fino al 97,9%. L'azienda ha acquisito un immobile vicino al centro commerciale Alto Avellaneda per 12,2 milioni di dollari e ha venduto un piano dell'edificio Della Paolera 261 per 7,1 milioni di dollari. 脠 stato approvato un dividendo in contante di ARS 90.000 milioni, insieme alla distribuzione di proprie azioni che rappresentano il 3,6% del capitale sociale.
IRSA Inversiones y Representaciones report贸 una p茅rdida neta de ARS 109,135 millones en el primer trimestre del a帽o fiscal 2025, en comparaci贸n con una ganancia de ARS 250,538 millones en el mismo per铆odo del a帽o pasado. La p茅rdida se atribuy贸 principalmente a cambios en el valor razonable de las propiedades de inversi贸n. Las ventas de centros comerciales cayeron un 12.1% interanual, mientras que la ocupaci贸n del portafolio de oficinas premium mejor贸 al 97.9%. La empresa adquiri贸 una propiedad cerca del centro comercial Alto Avellaneda por 12.2 millones de d贸lares y vendi贸 un piso del edificio Della Paolera 261 por 7.1 millones de d贸lares. Se aprob贸 un dividendo en efectivo de ARS 90,000 millones, junto con la distribuci贸n de acciones propias que representan el 3.6% del capital social.
IRSA 韴瀽 氚� 雽�毽爯鞚� 2025 須岅硠 鞐半弰 1攵勱赴鞐� ARS 109,135 氚彪鞚� 靾滌啇鞁れ潉 氤搓碃頄堨溂氅�, 鞚措姅 鞛戨厔 臧欖潃 旮瓣皠鞐� ARS 250,538 氚彪鞚� 鞚挫澋瓿� 牍勱祼霅橂姅 靾橃箻鞛呺媹雼�. 鞚� 靻愳嫟鞚� 欤茧 韴瀽 攵�霃欖偘鞚� 瓿奠爼 臧�旃� 氤�頇旍棎 旮办澑頄堨姷雼堧嫟. 靽柬晳 靹柬劙 韺愲Г電� 鞛戨厔 雽�牍� 12.1% 臧愳唽頄堨溂氅�, 頂勲Μ氙胳梽 鞓ろ敿鞀� 韽姼韽措Μ鞓れ潣 鞝愳湢鞙潃 97.9%搿� 臧滌劆霅橃棃鞀惦媹雼�. 鞚� 須岇偓電� Alto Avellaneda 靽柬晳 靹柬劙 攴检矘鞚� 攵�霃欖偘鞚� 1,220毵� 雼煬鞐� 鞚胳垬頄堦碃, Della Paolera 261 瓯措鞚� 頃� 旄奠潉 710毵� 雼煬鞐� 韺愲Г頄堨姷雼堧嫟. ARS 90,000 氚彪鞚� 順勱笀 氚半嫻旮堨澊 鞀轨澑霅橃棃鞙茧┌, 鞛愳偓欤检嫕鞚� 3.6%毳� 氚半秳頃橁赴搿� 瓴办爼頄堨姷雼堧嫟.
IRSA Inversiones et Repr茅sentations a annonc茅 une perte nette de 109 135 millions d'ARS au premier trimestre de l'exercice 2025, par rapport 脿 un gain de 250 538 millions d'ARS au cours de la m锚me p茅riode l'ann茅e pr茅c茅dente. La perte a 茅t茅 principalement attribu茅e aux variations de la juste valeur des propri茅t茅s d'investissement. Les ventes des centres commerciaux ont diminu茅 de 12,1% par rapport 脿 l'ann茅e pr茅c茅dente, tandis que le taux d'occupation du portefeuille de bureaux haut de gamme s'est am茅lior茅 pour atteindre 97,9%. L'entreprise a acquis un bien pr猫s du centre commercial Alto Avellaneda pour 12,2 millions de dollars et a vendu un 茅tage du b芒timent Della Paolera 261 pour 7,1 millions de dollars. Un dividende en esp猫ces de 90 000 millions d'ARS a 茅t茅 approuv茅, ainsi que la distribution de titres propres repr茅sentant 3,6% du capital social.
IRSA Investitionen und Repr盲sentationen berichtete f眉r das erste Quartal des Gesch盲ftsjahres 2025 einen Nettoverlust von ARS 109.135 Millionen, verglichen mit einem Gewinn von ARS 250.538 Millionen im gleichen Zeitraum des Vorjahres. Der Verlust wurde haupts盲chlich auf 脛nderungen des fairen Wertes von Investmentimmobilien zur眉ckgef眉hrt. Verk盲ufe von Einkaufszentren sanken im Jahresvergleich um 12,1%, w盲hrend die Belegung des Premium-B眉roportfolios auf 97,9% anstieg. Das Unternehmen erwarb eine Immobilie in der N盲he des Einkaufszentrums Alto Avellaneda f眉r 12,2 Millionen USD und verkaufte eine Etage des Della Paolera 261 Geb盲udes f眉r 7,1 Millionen USD. Eine Bar-Dividende von ARS 90.000 Millionen wurde genehmigt, ebenso wie die Verteilung eigener Aktien, die 3,6% des Aktienkapitals darstellen.
- Premium office portfolio occupancy increased to 97.9%
- Shareholders approved cash dividend with 8% yield
- Market capitalization stands at approximately USD 850 million
- Net loss of ARS 109,135 million in Q1 FY2025 vs gain last year
- Shopping center tenant sales declined 12.1% year-over-year
- Revenue decreased from ARS 94,939M to ARS 89,873M
- Hotels segment showed reduced income and occupancy levels
- Operating loss of ARS 187,584M vs profit of ARS 375,142M last year
Insights
The Q1 FY2025 results show concerning trends for IRSA. The company reported a significant loss of
- Shopping Centers saw tenant sales decline by
12.1% year-over-year - Hotels segment experienced reduced income and occupancy due to Argentina's weakening exchange rate competitiveness
- Revenue dropped to
ARS 89,873 million fromARS 94,939 million
The substantial negative swing in investment property fair value (
HIGHLIGHTS
- The net result for the first quarter of fiscal year 2025 recorded a loss of
ARS 109,135 million compared to a gain ofARS 250,538 million in the same period of the previous year, mainly due to the loss recorded due to changes in the fair value of investment properties. This is an accounting effect that does not involve cash movements. - AG真人官方 tenant sales in Shopping Centers recovered slightly compared to previous quarters, although they fell
12.1% compared to the first quarter of fiscal year 2024. The adjusted EBITDA of the segment reachedARS 41,116 million , in line with the same quarter of the previous year. - The average occupancy of the premium office portfolio rose to
97.9% in the quarter mainly due to the improvement in the occupancy of Dot Building. - The Hotels segment reduced its income and occupancy levels in the first quarter of fiscal year 2025 compared to 2024 due to lower exchange competitiveness in
Argentina . - During the quarter we acquired a property adjacent to the Alto Avellaneda shopping center for its future expansion for
USD 12.2 million and subsequently, we sold an additional floor of the Della Paolera 261 building forUSD 7.1 million . - On October 28, 2024, the Shareholders' Meeting approved the distribution of a cash dividend of
ARS 90,000 million (dividend yield8% ) and own shares in the portfolio, representing approximately3.6% of the stock capital.
Financial Highlights | ||
(In millions of Argentine Pesos) | ||
3M FY 2025 | ||
Income Statement | 09/30/2024 | 09/30/2023 |
Revenues | 89,873 | 94,939 |
Consolidated Gross Profit | 57,415 | 64,045 |
Net result from changes in the fair value of investment properties | (225,499) | 316,084 |
Consolidated Profit / (Loss) from Operations | (187,584) | 375,142 |
Result for the Period | (109,035) | 250,538 |
Attributable to: | ||
IRSA's Shareholders | (105,646) | 238,061 |
Non-Controlling interest | (3,389) | 12,477 |
EPS (Basic) | (145.92) | 323.89 |
EPS (Diluted) | (145.92) | 319.12 |
Balance Sheet | 09/30/2024 | 06/30/2024 |
Current Assets | 257,290 | 255,350 |
Non-Current Assets | 2,029,205 | 2,258,362 |
Total Assets | 2,286,495 | 2,513,712 |
Current Liabilities | 313,785 | 308,258 |
Non-Current Liabilities | 807,193 | 913,213 |
Total Liabilities | 1,120,978 | 1,221,471 |
Non-Controlling Interest | 75,902 | 82,744 |
Shareholders' Equity | 1,165,517 | 1,292,241 |
The Company's market capitalization as of September 30, 2024, was approximately
IRSA Inversiones y Representaciones S.A. (NYSE: IRS, BYMA: IRSA), the
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