XML 67 R51.htm IDEA: XBRL DOCUMENT

Investment properties (Tables)

12 Months Ended

Jun. 30, 2025

Investment properties

Schedule of balance by type of investment property

		06.30.2025								06.30.2024
		Level 2				Level 3				Level 2				Level 3
Fair value at the beginning of year			1,515,809				924,467				2,120,704				916,340
Additions			26,944				47,567				6,217				12,400
Disposals			(9,089	)			(18	)			(55,236	)			-
Transfers			(111,140	)			(3,824	)			(56,953	)			(9	)
Net (loss) / gain from fair value adjustment			(438,333	)			457,408				(481,805	)			(4,316	)
Additions of capitalized leasing costs			65				117				22				298
Amortization of capitalized leasing costs (i)			(131	)			(250	)			(188	)			(246	)
Currency translation adjustment			(5,477	)			-				(16,952	)			-
Fair value at the end of the year			978,648				1,425,467				1,515,809				924,467

Schedule of recognized in the Statements of Income

		06.30.2025				06.30.2024
Leased out farmland			74,005				89,955
Offices and other rental properties			276,149				444,474
Shopping malls (i)			1,439,736				956,400
Undeveloped parcels of land			611,617				946,585
Properties under development			2,608				2,862
Total			2,404,115				2,440,276

		06.30.2025				06.30.2024
Córdoba Shopping (i)			19,494				27,179
Total			19,494				27,179

		06.30.2025				06.30.2024				06.30.2023
Revenues			406,348				379,325				381,024
Direct operating expenses			(131,642	)			(115,834	)			(123,692	)
Development expenses			(14,865	)			(1,848	)			(1,359	)
Net unrealized gain / (loss) from fair value adjustment of investment property (i)			15,923				(521,760	)			(330,388	)
Net realized gain from fair value adjustment of investment property (ii)			3,152				35,639				62,707

Schedule of fair value measurements of investment properties

				06.30.2025 (i)		06.30.2024 (i)		06.30.2023 (i)
Description	Valuation technique	Parameters	Fiscal year 2025 / 2024 / 2023	Increase	Decrease	Increase	Decrease	Increase	Decrease
Shopping Malls (Level 3)	Discounted cash flows	Discount cash flows rate	11.08% / 15.40% / 15.25%	(28,789)	30,669	(21,136)	22,438	(19,460)	20,843
		Discount perpetually rate	10.63% / 14.11% / 14.20%	(112,417)	149,290	(42,692)	53,024	(45,832)	56,414
		Grouth perpetually rate	2.4% / 2.4% / 2.4%	92,603	(72,527)	29,104	(24,523)	34,757	(29,328)
		Inflation	(*)	88,284	(82,775)	46,342	(44,520)	124,586	(113,796)
		Devaluation	(*)	(129,588)	158,385	(84,041)	92,445	(83,302)	91,632