HIGHLIGHTS
Net income for the nine-month period of FY2026 recorded a gain of ARS 231,308 million, compared to a gain of ARS 77,358 million in the same period of FY2025, mainly driven by the operating performance of the Urban Properties and Investments business (IRSA).
Adjusted EBITDA for the period reached ARS 202,839 million, 12.0% below the same period of FY2025. Adjusted EBITDA from the agribusiness segments was a gain of ARS 13,646 million, while the Urban Properties and Investments segment (through IRSA) recorded a gain of ARS 214,587 million.
The 2026 campaign is progressing under generally favorable weather conditions, except in some regions where BrasilAgro operates, amid rising international commodity prices and higher input costs. We planted 311,000 hectares across the region, 4.2% above the previous campaign.
Argentina recorded solid grain production results, with record wheat production and strong development of summer crops, soybeans and corn— supporting good yields and production levels. Meanwhile, BrasilAgro faces a more challenging environment, impacted by adverse weather events in certain regions, tighter margins in some crops, and a lower contribution from sugarcane.
Livestock activity continues to benefit from firm cattle prices, supported by international demand and a strong local market, allowing for solid production margins.
Subsequent to quarter-end, we issued Series LII and LIII notes in the local market for a total amount of USD 64.2 million, reducing the company's average financing cost.
Financial Highlights(In millions of Argentine Pesos)9M FY 2026 ended March 31, 2026
Income Statement
03/31/2026
03/31/2025
Restated
Agricultural Business Revenue
505,820
