Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRES) Earnings Call Transcripts

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria's Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal year 2026, Cresud Sociedad Anónima reported strong operational performance, particularly in agriculture and livestock, despite rising input costs. The company achieved a record planted area and expects a 22% increase in total crop production, forecasting 1 million tons. Revenue for the quarter was ARS 231.3 billion, up from ARS 77.3 billion year-over-year, while net financial results improved due to favorable currency dynamics. Management maintained a positive outlook for the remainder of the fiscal year, signaling continued growth in both agricultural yields and livestock profitability.

Reported metrics

Guidance from management

Management maintained a positive outlook for the remainder of the fiscal year, expecting continued growth in agricultural production and livestock profitability, while acknowledging challenges from rising input costs.

What management said

[Operator Instructions] Here we have the first question related to hectares that we own in Argentina, excluding BrasilAgro and just the owned land not under concession. We have a farm in the north of Argentina that accounts for 132,000 hectares under concession and then we have some lease activity. I think the question is just for the owned land in Argentina and how is the mix between crops and cattle.

From the own -- from the agriculture of Argentina, we can see in Page #3, Argentina is close to 150,000 hectares. And for those, it's almost half and half the owned and the leased. So that would be a good breakdown of 50-50 in Argentina. In Brazil, it's a little bigger, the lease to a little more, I would say, 60-40. And in Bolivia, it's almost all owned and Paraguay is 100% owned, talking about agriculture to total....

What analysts pressed on

Analysts expressed concerns regarding the impact of rising input costs on margins and the sustainability of current livestock prices. There were also questions about the potential volatility in commodity prices and its effect on future earnings.

Main topics on the call

• Record Agricultural Production — Cresud is forecasting a 22% increase in total crop production, expecting to reach 1 million tons, which would be a record for the company. CEO Alejandro Elsztain stated, "This year is good yields... the highest in volume...
• Livestock Performance — The livestock segment is experiencing record prices and margins, with production reaching 10.7 million kilograms. Elsztain noted, "the highest of the history of cattle business in Argentina," indicating strong profitabil...
• Input Cost Challenges — Despite strong production, rising input costs for fertilizers and fuel are impacting margins. Elsztain remarked, "input costs... are making margins not to be so profitable, but still very good for the year."
• Debt Management — Cresud successfully issued $181 million in notes, extending the tenor of its debt and lowering financing costs. This proactive approach was highlighted as a strategic move to manage financial obligations effectively.

Read the full Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria earnings call transcripts on record, spanning February 12, 2020 to May 8, 2026. Based on this history, Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria reports quarterly. The most recent call on file is dated May 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CRES

Exchange

BASE

Country

AR

Sector

Consumer Staples

Industry

Food Products

Calls on record

23

First call

February 12, 2020

Most recent

May 8, 2026

Reporting cadence

quarterly