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IRS

IRSA Inversiones y Representaciones Sociedad Anónima

IRS

IRSA Inversiones y Representaciones Sociedad Anónima • NYSE
$15.45 ▲ 2.32% (+0.35)
Market Cap $1.19 B
52w High $17.67
52w Low $10.61
Dividend Yield 1.40%
P/E 3.62
Volume 102.18K
Outstanding Shares 77.29M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $129.259B ▲ $-194.916B ▼ $153.846B ▲ 119.021% ▲ $2.04K ▼ $263.918B ▲
Q4-2025 $115.054B ▲ $16.051B ▲ $74.355B ▼ 64.626% ▼ $2.114K ▼ $117.287B ▼
Q3-2025 $105.708B ▼ $-93.964B ▼ $76.598B ▲ 72.462% ▲ $10.337K ▲ $142.289B ▲
Q2-2025 $115.054B ▲ $16.051B ▼ $74.355B ▲ 64.626% ▲ $10.13K ▲ $117.287B ▲
Q1-2025 $89.873B $244.999B $-105.646B -117.55% $-1.441K $-151.522B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $186.063B $2.502T $1.265T $1.156T
Q4-2025 $186.063B ▼ $2.502T ▼ $1.265T ▼ $1.156T ▼
Q3-2025 $439.411B ▲ $3.059T ▲ $1.633T ▲ $1.336T ▲
Q2-2025 $186.063B ▲ $2.502T ▲ $1.265T ▲ $1.156T ▲
Q1-2025 $179.622B $2.286T $1.121T $1.09T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $115.62M ▼ $58.06M ▼ $-100.291M ▼ $-28.614M ▲ $-81.242M ▲ $56.887M ▼
Q4-2025 $140.677M ▲ $140.109M ▲ $-74.858M ▼ $-106.2M ▼ $-119.811M ▼ $137.832M ▲
Q3-2025 $72.568M ▼ $38.281M ▲ $-14.893M ▼ $224.26M ▲ $232.777M ▲ $35.413M ▲
Q2-2025 $74.402M ▲ $12.812M ▼ $5.392M ▲ $-18.682M ▼ $4.371M ▲ $11.45M ▼
Q1-2025 $-112.279M $48.899M $-25.56M $-18.58M $158.43K $47.574M

Five-Year Company Overview

Income Statement

Income Statement IRSA’s income statement is highly volatile, which is typical for a property and holding company operating in Argentina. Reported revenue has grown strongly in recent years, but profit levels swing sharply from year to year, largely because of changes in property values, inflation effects, and other accounting revaluations. In several years, the company shows very high reported margins that are unlikely to be repeatable in a stable way, followed by periods of loss or weak operating performance. Overall, the trend suggests a business that can generate meaningful earnings over time, but with results that are heavily influenced by macroeconomic conditions and valuation adjustments rather than smooth, predictable operating profit.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, with total assets and shareholders’ equity both growing several times over compared with five years ago. Equity now represents a substantial cushion relative to debt, indicating that the company is not overly reliant on borrowing and has built up an asset-heavy, capitalized position. Debt has increased in absolute terms but sits on top of a much larger asset base, which softens the financial risk. Cash on hand has also improved from very low levels to a more comfortable buffer, though still modest compared with the overall size of the business, which makes continued access to funding and refinancing important.

Cash Flow

Cash Flow Despite noisy accounting earnings, cash generation from operations has improved steadily over the period and has remained positive each year. Free cash flow has consistently tracked close to operating cash flow, reflecting relatively light capital spending, which is typical for a portfolio owner more focused on acquisitions, developments, and revaluations than on heavy recurring capex. This pattern suggests that the core portfolio can produce real cash, even when reported profits fluctuate sharply. However, the company still operates in a volatile economic environment, so the durability of these stronger recent cash flows depends on rental conditions, occupancy, financing costs, and Argentina’s macro backdrop.

Competitive Edge

Competitive Edge IRSA’s competitive strength rests on its portfolio rather than on technology. It controls a collection of prime shopping centers, office buildings, hotels, and strategic land in some of the most attractive locations in Argentina. These assets are difficult and often impossible for rivals to replicate, which provides a strong structural advantage. Its large scale brings bargaining power with tenants and suppliers, while decades of local experience give it deep knowledge of regulations, consumer patterns, and development opportunities. Dual listings provide broader access to capital markets. The main vulnerabilities are its heavy exposure to the Argentine economy, dependence on consumer and corporate demand in that market, and sensitivity to local regulation and currency instability.

Innovation and R&D

Innovation and R&D IRSA does not appear to be a technology-driven innovator, but it does use incremental digital tools to improve performance. In its malls, it likely uses data on foot traffic and tenant sales to optimize the tenant mix and marketing efforts. In offices and hotels, it appears to be adopting smart-building features that enhance energy efficiency, security, and user comfort. The company is also modernizing its digital presence, leasing processes, and tenant communication, which helps keep the portfolio competitive. Looking ahead, its biggest “innovation” lever is how well it executes large mixed-use urban projects and integrates sustainability and proptech solutions into them, rather than breakthrough R&D in a traditional sense.

Summary

IRSA has transformed over the last five years from a smaller, more fragile base into a much larger, better-capitalized real estate conglomerate with a stronger asset and equity position. Its reported earnings are erratic and heavily shaped by valuation movements and macro conditions, so headline profit figures should be interpreted with caution. Underneath that, cash flows have become steadily stronger and more consistent, suggesting that the underlying property portfolio is capable of generating solid cash, although it remains exposed to Argentina’s volatility. The company’s main strengths lie in its irreplaceable properties, scale, and experience, while its main risks come from concentration in a challenging domestic market and reliance on successful execution of large development projects and ongoing modernization efforts.

NEWS

November 6, 2025 · 9:00 AM UTC

IRSA Inversiones y Representaciones S.A announces its results for the first quarter of Fiscal Year 2026 ended September 30, 2025

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October 24, 2025 · 1:47 PM UTC

IRSA Inversiones y Representaciones S.A. Announces that it has filed its 20-F Form for FY 2025 ended June 30, 2025

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September 2, 2025 · 8:48 PM UTC

IRSA Inversiones y Representaciones S.A announces today its results for the Fiscal Year 2025 ended June 30, 2025

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