CRESY
CRESY
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y AgropecuariaIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2026 | $310.48B ▼ | $56.77B ▲ | $35.05B ▼ | 11.29% ▼ | $536.9 ▼ | $120.17B ▲ |
| Q1-2026 | $318.53B ▲ | $-144.71B ▼ | $36.84B ▼ | 11.57% ▼ | $699.5 ▼ | $68B ▲ |
| Q4-2025 | $227B ▲ | $-102.8B ▼ | $73.92B ▼ | 32.56% ▼ | $1.23K ▼ | $49.56B ▼ |
| Q3-2025 | $199.51B ▼ | $-62.64B ▼ | $89.04B ▲ | 44.63% ▲ | $1.49K ▲ | $215.19B ▲ |
| Q2-2025 | $204.47B | $24.82B | $-18.8B | -9.2% | $-315.5 | $41.91B |
What's going well?
Gross profit and gross margins improved, showing the company managed its core costs well. The business remains profitable with a solid net income and healthy cash generation.
What's concerning?
Revenue is shrinking, and operating income dropped dramatically due to rising expenses. Heavy interest costs and volatile 'other income' make earnings less predictable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2026 | $719.81B ▲ | $6.32T ▲ | $3.71T ▲ | $1.1T ▲ |
| Q1-2026 | $620.12B ▲ | $5.84T ▲ | $3.31T ▲ | $1.09T ▲ |
| Q4-2025 | $477.07B ▼ | $5.09T ▲ | $2.88T ▲ | $970.59B ▲ |
| Q3-2025 | $512.56B ▲ | $4.62T ▲ | $2.72T ▲ | $845.58B ▲ |
| Q2-2025 | $311.18B | $3.96T | $2.3T | $739.25B |
What's financially strong about this company?
The company has increased its cash and investment reserves, giving it flexibility and a buffer for tough times. Assets have grown, and the business can comfortably pay its near-term bills.
What are the financial risks or weaknesses?
Debt has jumped sharply, and working capital is under pressure with big increases in receivables and payables. The large rise in goodwill suggests acquisition risk if the deal doesn't pay off.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2026 | $35.05B ▼ | $-2.44B ▼ | $775.61M ▲ | $201.58B ▲ | $197B ▲ | $-26.17B ▼ |
| Q1-2026 | $110.13B ▲ | $109.58M ▼ | $-136.07M ▼ | $-8.1M ▲ | $-46.96M ▲ | $100.11M ▼ |
| Q4-2025 | $73.92B ▼ | $148.39M ▼ | $-62.09M ▼ | $-119.59M ▼ | $-90.31B ▼ | $133.36B ▲ |
| Q3-2025 | $122.29B ▲ | $22B ▲ | $28.36B ▲ | $179.85B ▲ | $243.24B ▲ | $9.5B ▲ |
| Q2-2025 | $-18.8B | $-48.74B | $-10.16B | $49.02B | $-184M | $-55.35B |
What's strong about this company's cash flow?
The company now holds a huge cash balance ($434.6 billion), so it is not at immediate risk of running out of money. If operations can recover, this cash could provide flexibility.
What are the cash flow concerns?
Operations are burning billions in cash, and the company is only surviving by taking on massive new debt and issuing stock. Shareholder returns are being paid out with borrowed money, which is not sustainable.
Q3 2023 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria's financial evolution and strategic trajectory over the past five years.
Key positives include rapid revenue and asset growth, a proven ability to generate strong profits and cash in favorable periods, improved liquidity, and a much larger equity base than in the past. Strategically, Cresud benefits from a unique combination of large‑scale agriculture, land transformation, and real estate synergies, supported by geographic diversification across several Latin American countries and the use of modern farming techniques.
Major risks stem from very volatile earnings and cash flows, a substantial increase in leverage, and exposure to cyclical and often unpredictable drivers such as commodity prices, weather, land values, and macroeconomic conditions in Argentina and the region. Rising overhead costs, the complexity of acquired and intangible assets, and dependence on well‑timed asset sales and financing add further uncertainty. These factors can magnify downside outcomes when conditions are unfavorable.
Looking forward, Cresud appears positioned for continued scale and asset growth, provided that commodity markets, local economies, and credit conditions remain reasonably supportive. The company’s land portfolio, operational improvements, and real estate linkages offer meaningful opportunities to create value, but the path is unlikely to be smooth. Investors and stakeholders should expect ongoing volatility in results, with performance highly sensitive to external shocks, execution on cost control, and disciplined management of debt and capital spending.
About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria
https://www.cresud.com.arCresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. It operates through Agricultural Business, and Urban Properties and Investment Business segments.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2026 | $310.48B ▼ | $56.77B ▲ | $35.05B ▼ | 11.29% ▼ | $536.9 ▼ | $120.17B ▲ |
| Q1-2026 | $318.53B ▲ | $-144.71B ▼ | $36.84B ▼ | 11.57% ▼ | $699.5 ▼ | $68B ▲ |
| Q4-2025 | $227B ▲ | $-102.8B ▼ | $73.92B ▼ | 32.56% ▼ | $1.23K ▼ | $49.56B ▼ |
| Q3-2025 | $199.51B ▼ | $-62.64B ▼ | $89.04B ▲ | 44.63% ▲ | $1.49K ▲ | $215.19B ▲ |
| Q2-2025 | $204.47B | $24.82B | $-18.8B | -9.2% | $-315.5 | $41.91B |
What's going well?
Gross profit and gross margins improved, showing the company managed its core costs well. The business remains profitable with a solid net income and healthy cash generation.
What's concerning?
Revenue is shrinking, and operating income dropped dramatically due to rising expenses. Heavy interest costs and volatile 'other income' make earnings less predictable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2026 | $719.81B ▲ | $6.32T ▲ | $3.71T ▲ | $1.1T ▲ |
| Q1-2026 | $620.12B ▲ | $5.84T ▲ | $3.31T ▲ | $1.09T ▲ |
| Q4-2025 | $477.07B ▼ | $5.09T ▲ | $2.88T ▲ | $970.59B ▲ |
| Q3-2025 | $512.56B ▲ | $4.62T ▲ | $2.72T ▲ | $845.58B ▲ |
| Q2-2025 | $311.18B | $3.96T | $2.3T | $739.25B |
What's financially strong about this company?
The company has increased its cash and investment reserves, giving it flexibility and a buffer for tough times. Assets have grown, and the business can comfortably pay its near-term bills.
What are the financial risks or weaknesses?
Debt has jumped sharply, and working capital is under pressure with big increases in receivables and payables. The large rise in goodwill suggests acquisition risk if the deal doesn't pay off.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2026 | $35.05B ▼ | $-2.44B ▼ | $775.61M ▲ | $201.58B ▲ | $197B ▲ | $-26.17B ▼ |
| Q1-2026 | $110.13B ▲ | $109.58M ▼ | $-136.07M ▼ | $-8.1M ▲ | $-46.96M ▲ | $100.11M ▼ |
| Q4-2025 | $73.92B ▼ | $148.39M ▼ | $-62.09M ▼ | $-119.59M ▼ | $-90.31B ▼ | $133.36B ▲ |
| Q3-2025 | $122.29B ▲ | $22B ▲ | $28.36B ▲ | $179.85B ▲ | $243.24B ▲ | $9.5B ▲ |
| Q2-2025 | $-18.8B | $-48.74B | $-10.16B | $49.02B | $-184M | $-55.35B |
What's strong about this company's cash flow?
The company now holds a huge cash balance ($434.6 billion), so it is not at immediate risk of running out of money. If operations can recover, this cash could provide flexibility.
What are the cash flow concerns?
Operations are burning billions in cash, and the company is only surviving by taking on massive new debt and issuing stock. Shareholder returns are being paid out with borrowed money, which is not sustainable.
Q3 2023 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria's financial evolution and strategic trajectory over the past five years.
Key positives include rapid revenue and asset growth, a proven ability to generate strong profits and cash in favorable periods, improved liquidity, and a much larger equity base than in the past. Strategically, Cresud benefits from a unique combination of large‑scale agriculture, land transformation, and real estate synergies, supported by geographic diversification across several Latin American countries and the use of modern farming techniques.
Major risks stem from very volatile earnings and cash flows, a substantial increase in leverage, and exposure to cyclical and often unpredictable drivers such as commodity prices, weather, land values, and macroeconomic conditions in Argentina and the region. Rising overhead costs, the complexity of acquired and intangible assets, and dependence on well‑timed asset sales and financing add further uncertainty. These factors can magnify downside outcomes when conditions are unfavorable.
Looking forward, Cresud appears positioned for continued scale and asset growth, provided that commodity markets, local economies, and credit conditions remain reasonably supportive. The company’s land portfolio, operational improvements, and real estate linkages offer meaningful opportunities to create value, but the path is unlikely to be smooth. Investors and stakeholders should expect ongoing volatility in results, with performance highly sensitive to external shocks, execution on cost control, and disciplined management of debt and capital spending.

CEO
Alejandro Gustavo Elsztain
Compensation Summary
(Year )
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-11-28 | Forward | 41:40 |
| 2023-05-10 | Forward | 511:500 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : A-
Price Target
Institutional Ownership
KOPERNIK GLOBAL INVESTORS, LLC
Shares:4.25M
Value:$48.33M
MACQUARIE GROUP LTD
Shares:2.2M
Value:$25.04M
MACQUARIE MANAGEMENT HOLDINGS, INC.
Shares:2.19M
Value:$24.92M
Summary
Showing Top 3 of 94

