Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRES) investor relations material

Executive summary

• Achieved record planted area and crop production volumes in the first nine months of 2026, with favorable climate conditions and strong yields, especially in Argentina, though Brazil faced adverse weather and tighter margins.

• Livestock segment delivered record results in prices, margins, and production, particularly in Argentina and Paraguay, with feedlot expansion and strong demand.

• Real estate activity included no sales in the first nine months but a 921-hectare farm sale in Paraguay for USD 1.5 million in Q4; optimism for increased liquidity and transactions in Argentina and Brazil.

• Active capital markets activity with $181.4 million in notes issued, reducing financing costs and extending debt tenure; warrants exercised, increasing capital stock.

• Net income for the nine-month period of FY2026 was ARS 231,308 million, up 199% year-over-year, mainly due to strong Urban Properties and Investments performance.

Financial highlights

• Net gain of ARS 231.3 billion for the nine-month period, with ARS 121.6 billion attributable to controlling shareholders, up from ARS 77.3 billion last year.

• Consolidated revenues rose 15.1% year-over-year to ARS 965,514 million; gross profit increased 11.6% to ARS 383,309 million.

• IRSA investment contributed ARS 239.7 billion in net gain, with all business lines growing in real terms year-over-year.

• Adjusted EBITDA reached ARS 202,839 million, down 12% year-over-year, with agribusiness segments contributing ARS 13,646 million and Urban Properties and Investments ARS 214,587 million.

• Net financial results remained positive, mainly due to favorable FX results amid lower devaluation than inflation.

Outlook and guidance

• Forecasting a 22% year-over-year increase in total crop production, reaching a record 1 million tons, with strong yields in Argentina and continued growth in service and trading subsidiaries.

• Commodity prices expected to remain high, but input costs and geopolitical factors may impact margins.

• Optimism for increased real estate transactions in Argentina and Brazil over the next three quarters.

• Anticipating further tax reductions and benefits from new trade agreements, supporting the agricultural sector.

• Continued focus on cost efficiency, financial strength, and portfolio rotation.