IRS-WT · IRSA Inversiones y Representaciones Sociedad Anónima WT

IRSA reported significantly higher net income of ARS 239,741 million for the nine months ended March 31, 2026, compared to ARS 46,497 million in the prior year period, with profit attributable to controlling shareholders at ARS 227,537 million. Total comprehensive income stood at ARS 238,297 million after accounting for other comprehensive income loss of ARS 1,444 million. Adjusted EBITDA from rental segments reached ARS 232,327 million, reflecting solid performance across shopping malls, offices, and hotels. In shopping malls, revenues and Adjusted EBITDA increased by 2.4% and 2.0%, respectively, driven by higher base rent and fixed components. The premium office portfolio maintained 100% occupancy in the third quarter, while hotels showed revenue and EBITDA recovery. Key developments included launching a 15,350 sqm GLA office building at Polo Dot with Mercado Libre as main tenant, advancing construction on Distrito Diagonal shopping mall and Del Plata building, and executing swap agreements for Ramblas del Plata lots valued at USD 11.3 million. Balance sheet strength is evident with shareholders’ equity attributable to controlling shareholders rising to ARS 1,922,365 million from ARS 1,771,393 million, and total equity at ARS 2,038,249 million. Share capital is ARS 8,107,971,200 represented by 810,797,120 shares, with 810,676,192 outstanding. Cresud holds 53.44% stake. Outstanding warrants of 26,392,876 could dilute shares to 853,994,340 if fully exercised, potentially increasing Cresud's stake to 55.49%. Market capitalization was USD 1,314 million as of March 31, 2026.