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Summary of significant accounting policies (Tables) | 12 Months Ended
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Jun. 30, 2025
Summary of significant accounting policies |
Schedule of official statistics annual price variation |
Price variation |  | June 30, 2023 |  |  | June 30, 2024 |  |  | June 30, 2025 |  |  | Cumulative as of June 30, 2025 (3 years) |
Annual |  |  | 116 | % |  |  | 272 | % |  |  | 39 | % |  |  | 1,017 | %
Schedule of new accounting standards and amendments |
Standards and amendment | Description | Date of mandatory adoption for the Group in the year ended on
Classification of Liabilities as Current or Non-current and Non-current liabilities with covenants – Amendments to IAS 1 | Amendments made to IAS 1 Presentation of Financial Statements in 2020 and 2022 clarified that liabilities are classified as either current or non-current, depending on the rights that exist at the end of the reporting period. Classification is unaffected by the entity’s expectations or events after the reporting date (e.g. the receipt of a waiver or a breach of covenant). Covenants of loan arrangements will not affect classification of a liability as current or non-current at the reporting date if the entity must only comply with the covenants after the reporting date. However, if the entity must comply with a covenant either before or at the reporting date, this will affect the classification as current or non-current even if the covenant is only tested for compliance after the reporting date. The amendments must be applied retrospectively in accordance with the normal requirements in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. Special transitional rules apply if an entity had early adopted the 2020 amendments regarding the classification of liabilities as current or non-current. | 06-30-2025
Lease Liability in a Sale and Leaseback – Amendments to IFRS 16 | In September 2022, the IASB finalised narrow-scope amendments to the requirements for sale and leaseback transactions in IFRS 16 Leases which explain how an entity accounts for a sale and leaseback after the date of the transaction. The amendments specify that, in measuring the lease liability subsequent to the sale and leaseback, the seller-lessee determines ‘lease payments’ and ‘revised lease payments’ in a way that does not result in the seller-lessee recognising any amount of the gain or loss that relates to the right of use that it retains. This could particularly impact sale and leaseback transactions where the lease payments include variable payments that do not depend on an index or a rate. | 06-30-2025
Supplier finance arrangements amendments – amendments to IAS 7 and IFRS 7 | The amendments were prepared to respond to requests from investors regarding the need to have more information regarding financing agreements with suppliers, in order to be able to evaluate how these agreements affect liabilities, cash flows and the liquidity risk of an entity. New disclosures must be included in the financial statements, such as the terms and conditions of said agreements, as well as the recorded values of the liabilities, and ranges of payment due dates applicable to the liabilities that are under the Payment Agreement scheme. financing with suppliers, as well as for comparable commercial accounts that are not part of such agreements. | 06-30-2025
Standards and amendment | Description | Date of mandatory adoption for the Group in the year ended on
Amendments to IAS 21 - Lack of Exchangeability | In August 2023, the IASB amended IAS 21 to add requirements to help entities to determine whether a currency is exchangeable into another currency, and the spot exchange rate to use when it is not. Prior to these amendments, IAS 21 set out the exchange rate to use when exchangeability is temporarily lacking, but not what to do when lack of exchangeability is not temporary. | Annual periods beginning on or after 1st January 2025. Early application is allowed, although it has not been approved by the CNV as of the date of issuance of these Consolidated Financial Statements.
Amendments to the Classification and Measurement of Financial Instruments – Amendments to IFRS 9 and IFRS 7 | On 30 May 2024, the IASB issued targeted amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures to respond to recent questions arising in practice, and to include new requirements not only for financial institutions but also for corporate entities. These amendments: (a) clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; (b) clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; (c) add new disclosures for certain instruments with contractual terms that can change cash flows (such as some financial instruments with features linked to the achievement of environment, social and governance targets); and (d) update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI). The amendments in (b) are most relevant to financial institutions, but the amendments in (a), (c) and (d) are relevant to all entities. | Annual periods beginning on or after 1st January 2026. Early application is allowed, although it has not been approved by the CNV as of the date of issuance of these Consolidated Financial Statements.
IFRS 18 Presentation and Disclosure in Financial Statements | This is the new standard on presentation and disclosure in financial statements, which replaces IAS 1, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss with defined subtotals; • requirement to determine the most useful structure summary for presenting expenses in the statement of profit or loss • required disclosures in a single note within the financial statements for certain profit or loss performance measures that are reported outside an entity’s financial statements (that is, management-defined performance measures); and • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general | Annual periods beginning on or after 1st January 2027. Early application is allowed, although it has not been approved by the CNV as of the date of issuance of these Consolidated Financial Statements.
IFRS 19 Subsidiaries without Public Accountability: Disclosures | This new standard works alongside other IFRS Accounting Standards. An eligible subsidiary applies the requirements in other IFRS Accounting Standards except for the disclosure requirements; and it applies instead the reduced disclosure requirements in IFRS 19. IFRS 19’s reduced disclosure requirements balance the information needs of the users of eligible subsidiaries’ financial statements with cost savings for preparers. IFRS 19 is a voluntary standard for eligible subsidiaries. A subsidiary is eligible if: • it does not have public accountability; and • it has an ultimate or intermediate parent that produces Consolidated Financial Statements available for public use that comply with IFRS Accounting Standards. | Annual periods beginning on or after 1st January 2027. Early application is allowed, although it has not been approved by the CNV as of the date of issuance of these Consolidated Financial Statements.
Schedule of business through several operating and investment companies |
|  |  |  |  | % of ownership interest held by the Group
Name of the entity |  | Country |  | Principal activity | 06.30.2025 | 06.30.2024 | 06.30.2023
Cresud's direct equity interest in: |  |  |  |  |  |  |
Brasilagro (1) (2) |  | Brazil |  | Agricultural | 35.22% | 35.22% | 37.88%
Futuros y Opciones.Com S.A. (3) |  | Argentina |  | Brokerage | 51.21% | 51.21% | 49.55%
Helmir S.A. |  | Uruguay |  | Investment | 100.00% | 100.00% | 100.00%
IRSA (4) |  | Argentina |  | Real estate | 54.06% | 55.40% | 56.93%
JOFSHI S.A.U. |  | Argentina |  | Investment | 100.00% | - | -
Brasilagro's direct equity interest in: |  |  |  |  |  |  |
Araucária Ltda. |  | Brazil |  | Agricultural | 100.00% | 100.00% | 100.00%
Cajueiro Ltda. |  | Brazil |  | Agricultural | 100.00% | 100.00% | 100.00%
Ceibo Ltda. |  | Brazil |  | Agricultural | 100.00% | 100.00% | 100.00%
Cremaq Ltda. |  | Brazil |  | Agricultural | 100.00% | 100.00% | 100.00%
Flamboyant Ltda. |  | Brazil |  | Agricultural | 100.00% | 100.00% | 100.00%
Jaborandi Ltda. |  | Brazil |  | Agricultural | 100.00% | 100.00% | 100.00%
Jaborandi Propriedades Agrícolas S.A. |  | Brazil |  | Agricultural | 100.00% | 100.00% | 100.00%
Mogno Ltda. |  | Brazil |  | Agricultural | 100.00% | 100.00% | 100.00%
Palmeiras S.A. |  | Paraguay |  | Agricultural | 100.00% | 100.00% | 100.00%
Agropecuaria Morotí S.A. |  | Paraguay |  | Agricultural | 100.00% | 100.00% | 100.00%
Agrifirma Agro Ltda. |  | Brazil |  | Agricultural | 100.00% | 100.00% | 100.00%
Agropecuaria Acres del Sud S.A. (2) |  | Bolivia |  | Agricultural | 100.00% | 100.00% | 100.00%
Ombú Agropecuaria S.A. |  | Bolivia |  | Agricultural | 100.00% | 100.00% | 100.00%
Yatay Agropecuaria S.A. |  | Bolivia |  | Agricultural | 100.00% | 100.00% | 100.00%
Yuchán Agropecuaria S.A. (2) |  | Bolivia |  | Agricultural | 100.00% | 100.00% | 100.00%
Futuros y Opciones.Com. S.A.'s direct equity interest in: |  |  |  |  |  |  |
Amauta Agro S.A. (5) |  | Argentina |  | Agricultural | 98.25% | 98.57% | 98.57%
FyO Acopio S.A. (5) |  | Argentina |  | Grain warehousing and brokerage | 98.25% | 98.57% | 98.57%
FyO Chile SPA |  | Chile |  | Brokerage | 100.00% | 100.00% | 100.00%
Helmir S.A.'s direct equity interest in: |  |  |  |  |  |  |
FyO Holding S.A. |  | Uruguay |  | Investment | 50.10% | 50.10% | 50.10%
|  |  |  |  | % of ownership interest held by the Group
Name of the entity |  | Country |  | Principal activity | 06.30.2025 | 06.30.2024 | 06.30.2023
IRSA's direct equity interest: |  |  |  |  |  |  |
ECLASA |  | Argentina |  | Investment | 100.00% | 100.00% | 100.00%
Hoteles Argentinos S.A.U. |  | Argentina |  | Hotel | 100.00% | 100.00% | 100.00%
Inversora Bolívar S.A. |  | Argentina |  | Investment | 100.00% | 100.00% | 100.00%
Llao Llao Resorts S.A. (1) |  | Argentina |  | Hotel | 50.00% | 50.00% | 50.00%
Nuevas Fronteras S.A. |  | Argentina |  | Hotel | 76.34% | 76.34% | 76.34%
Palermo Invest S.A. |  | Argentina |  | Investment | 100.00% | 100.00% | 100.00%
Ritelco S.A.U. |  | Uruguay |  | Investment | 100.00% | 100.00% | 100.00%
Tyrus S.A. |  | Uruguay |  | Investment | 100.00% | 100.00% | 100.00%
U.T. IRSA y Galerias Pacifico (1) (2) |  | Argentina |  | Investment | - | - | 50.00%
Arcos del Gourmet S.A. |  | Argentina |  | Real estate | 90.00% | 90.00% | 90.00%
Emprendimiento Recoleta S.A. (in liquidation) |  | Argentina |  | Real estate | 53.68% | 53.68% | 53.68%
Fibesa S.A.U. |  | Argentina |  | Real estate | 100.00% | 100.00% | 100.00%
Panamerican Mall S.A. |  | Argentina |  | Real estate | 80.00% | 80.00% | 80.00%
Shopping Neuquén S.A. |  | Argentina |  | Real estate | 99.95% | 99.95% | 99.95%
Torodur S.A. |  | Uruguay |  | Investment | 100.00% | 100.00% | 100.00%
EHSA |  | Argentina |  | Investment | 70.00% | 70.00% | 70.00%
Centro de Entretenimiento La Plata S.A. (4) |  | Argentina |  | Real estate | - | 100.00% | 100.00%
We are appa S.A. |  | Argentina |  | Design and software development | 93.63% | 98.67% | 98.67%
Shefa Fiduciaria S.A.U. |  | Argentina |  | Fiduciary | 100.00% | 100.00% | -
Fideicomiso Shefa V.C. |  | Argentina |  | Investment | 100.00% | 100.00% | -
Tyrus S.A.'s direct equity interest in: |  |  |  |  |  |  |
DFL y DN B.V. |  | Bermudas/ Netherlands |  | Investment | 99.65% | 99.63% | 99.59%
Sheha Holding LLC |  | United States |  | Investment | 100.00% | 100.00% | -
IRSA International LLC |  | United States |  | Investment | 100.00% | 100.00% | 100.00%
Liveck Ltd. (3) |  | British Virgin Islands |  | Investment | 100.00% | 100.00% | 100.00%
Real Estate Investment Group V LP (REIG V) |  | Bermudas |  | Investment | 100.00% | 100.00% | 100.00%
Real Estate Strategies LLC |  | United States |  | Investment | 100.00% | 100.00% | 100.00%
DFL's direct equity interest in: |  |  |  |  |  |  |
IDB Development Corporation Ltd. |  | Israel |  | Investment | 100.00% | 100.00% | 100.00%
Dolphin IL Investment Ltd. |  | Israel |  | Investment | 100.00% | 100.00% | 100.00%
Schedule of useful life |
Buildings and facilities | Between 5 and 50 years
Machinery and equipment | Between 3 and 30 years
Others | Between 3 and 10 years

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